Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,834,042,856.11, a decrease of 4.33% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 314,474,504.11, down 16.61% year-on-year, while the net profit for the year-to-date reached CNY 1,302,613,036.59, an increase of 66.86%[4] - The basic earnings per share for Q3 2022 was CNY 0.31, a decrease of 17.44% compared to the same period last year[4] - The company's operating revenue increased by 48.36% year-on-year, reaching ¥14,972,646,466.54, driven by higher sales volume and prices of compound fertilizers, as well as rising prices of linked alkali and yellow phosphorus products[12] - Net profit for the current period was CNY 1,312,745,507.76, up from CNY 789,119,853.51 in the previous period, reflecting a growth of approximately 66.5%[31] - Basic earnings per share for the current period was CNY 1.29, compared to CNY 0.78 in the previous period, marking an increase of 65.4%[34] - The total comprehensive income for the current period was CNY 1,312,976,256.01, compared to CNY 788,560,356.51 in the previous period, reflecting a growth of approximately 66.5%[34] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to CNY 16,152,634,590.85, reflecting an increase of 18.99% from the end of the previous year[4] - The equity attributable to shareholders increased to CNY 5,494,325,277.91, up 22.57% compared to the end of the previous year[4] - The total liabilities amounted to CNY 10,571,555,804.01, an increase from CNY 9,013,012,603.79 in the previous period, indicating a rise of approximately 17.3%[28] - The company's non-current assets totaled CNY 8,411,175,052.66, up from CNY 6,921,960,345.89, reflecting an increase of approximately 21.5%[25] - The total current liabilities increased to CNY 8,789,738,996.46 from CNY 7,868,602,317.19, marking a rise of about 11.7%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,173,109,441.38, an increase of 72.23% year-on-year[4] - The company reported a net cash flow from operating activities of ¥1,173,109,441.38, a 72.23% increase compared to the previous year, due to higher sales revenue and improved cash collection[15] - Cash inflow from operating activities totaled CNY 11,256,814,169.67, compared to CNY 7,474,249,455.15 in the previous period, representing a growth of about 50.5%[34] - Cash flow from investing activities showed a net outflow of CNY 1,157,473,625.85, worsening from CNY 654,424,899.02 in the previous year[36] - The company reported a net increase in cash and cash equivalents of CNY 243,192,278.85, down from CNY 320,959,824.63 in the previous year[36] Costs and Expenses - Operating costs rose by 52.94% year-on-year to ¥12,386,795,018.10, primarily due to increased raw material prices and higher sales volume of compound fertilizers[12] - Financial expenses decreased by 47.85% year-on-year to ¥81,165,592.65, attributed to lower borrowing rates and increased exchange gains[12] - The company reported a financial expense of CNY 81,165,592.65, down from CNY 155,629,222.31 in the previous period, indicating a decrease of approximately 47.9%[31] - The company reported a significant increase in income tax expenses, which rose by 75.42% year-on-year to ¥307,744,651.65, reflecting the growth in profits[14] Investments and Projects - The company reported a significant increase in construction in progress, reaching CNY 1,397,417,538.33, a rise of 57.66% compared to the beginning of the year[11] - The company invested heavily in projects such as iron phosphate and compound fertilizers, leading to a net cash flow from investing activities of -¥1,157,473,625.85, a 76.87% increase in outflows compared to the previous year[15] - The company obtained a mining license for the Leibo Niuniuzhai East Section Phosphate Mine on August 2, 2022, enhancing its operational capabilities[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 73,489, with the largest shareholder holding 30.54% of the shares[16] - Total equity attributable to shareholders of the parent company was CNY 5,494,325,277.91, compared to CNY 4,482,528,914.82 in the previous period, reflecting an increase of about 22.6%[28] Other Income - Other income increased by 66.75% year-on-year to ¥82,011,838.62, primarily due to higher government subsidies received[12] - The company received government subsidies amounting to CNY 19,418,754.23 during the reporting period, contributing to its financial performance[6]

证券代码：002539 证券简称：云图控股 公告编号：2022-101 成都云图控股股份有限公司 关于参加四川辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，成都云图控股股份有限公司（以下简称 "公司"）将参加由四川证监局、四川省上市公司协会与深圳市全景网络有限公 司联合举办的"2022 年四川辖区上市公司投资者集体接待日活动"，现将相关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2022 年 9 月 16 日（周五）15:00-17:00。届时公司 董事长牟嘉云女士、财务总监范明先生、董事会秘书王生兵先生将在线就公司 2022 年半年度业绩、公司治理、发展战略、经营状况、融资计划、可持续发展等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 成都云图控股股份有限公司董事会 2 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥11,138,603,610.43, representing an increase of 83.07% compared to the same period last year[29]. - The net profit attributable to shareholders of the listed company reached ¥988,138,532.48, a significant increase of 144.86% year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥924,480,336.33, up by 133.46% from the previous year[29]. - The net cash flow from operating activities was ¥1,415,904,255.82, reflecting a growth of 39.79% compared to the same period last year[29]. - Basic earnings per share increased to ¥0.98, a rise of 143.22% year-on-year[29]. - The diluted earnings per share also stood at ¥0.98, marking an increase of 144.86% compared to the previous year[29]. - The weighted average return on equity was 20.25%, up by 8.85 percentage points from the previous year[29]. - Total assets at the end of the reporting period were ¥15,034,485,006.62, an increase of 10.75% from the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥5,149,064,064.47, reflecting a growth of 14.87% year-on-year[29]. Production Capacity and Expansion - The company has a production capacity of 5.5 million tons of compound fertilizers, covering a wide range of products to meet different crop nutritional needs[40]. - The company plans to expand its phosphoric acid production capacity to 450,000 tons, with projects in Hubei province expected to be operational in 2023[46]. - The company has a total of 600,000 tons annual production capacity for soda ash and ammonium chloride, supporting its integrated "salt-alkali-fertilizer" industry chain[42]. - The compound fertilizer production capacity expanded to 550,000 tons, with plans to add approximately 3 million tons during the "14th Five-Year Plan" period[111]. - The company is accelerating the construction of a 100,000-ton phosphate iron project, expected to commence production by the end of March 2023[121]. - The company has identified a phosphate rock reserve of approximately 181 million tons, with a planned mining scale of 4 million tons per year[45]. - The company plans to build a 450,000 tons/year lithium iron phosphate project in Hubei, which is currently under construction[91]. Market Strategy and Sales - The company is focusing on transforming from a compound fertilizer manufacturer to a provider of comprehensive planting solutions, driven by resource, marketing, technology, and service strategies[41]. - The sales strategy for compound fertilizers includes a multi-channel distribution network, emphasizing traditional distributors and modern agricultural service channels[65]. - The company has established a centralized procurement model, focusing on bulk purchasing and strategic supplier partnerships to optimize costs[61]. - The company is actively analyzing market trends to adapt its sales strategies for yellow phosphorus products, ensuring responsiveness to market fluctuations[67]. - The company plans to expand its market share in the fertilizer sector by leveraging its resource and marketing advantages amid the industry's recovery[134]. - The company is actively expanding its market share through multi-channel marketing strategies and strategic partnerships[112]. Research and Development - Research and development investment increased by 117.59% to 14,590.49 million yuan[110]. - The company has developed core technologies for new fertilizers, including nitrate compound fertilizers and water-soluble fertilizers, and has participated in drafting multiple industry standards[101]. - The company’s water-soluble fertilizer production technology is internationally leading, with standards established that enhance the industry’s technological upgrade[102]. - The company is focusing on digital factory construction to improve energy efficiency and reduce costs[119]. Environmental and Safety Initiatives - The company has established a special working group for environmental protection to ensure compliance with safety and environmental standards, enhancing its operational stability[167]. - The company has implemented measures to ensure compliance with environmental standards, including the installation of pollution control facilities[187]. - The company has established a wastewater treatment system with a capacity of 500 m³/h and a secondary biochemical treatment plant for wastewater management[191]. - The company has implemented a comprehensive air pollution control system, including electrostatic dust removal and low-nitrogen combustion technologies[191]. - Emergency response drills for ammonia leaks and fire safety have been conducted across multiple bases to enhance employee preparedness[198]. Financial Management and Investments - The company plans to raise up to 6.5 billion yuan through a non-public stock issuance approved in the second extraordinary general meeting[173]. - The total investment amount during the reporting period was ¥178,200,000.00, a decrease of 8.98% compared to ¥195,790,000.00 in the same period last year[141]. - The company completed a significant equity investment of ¥30,000,000.00 in Jia Shili (Jingzhou) Fertilizer Co., holding a 100% stake[141]. - The company has a total of 17,160.01 million CNY in derivative investments at the end of the reporting period, representing a percentage of net assets[148]. - The company has established a comprehensive internal control and risk management system for its commodity futures hedging and forward foreign exchange settlement businesses[151]. Subsidiary Performance - The net profit of Yingcheng Xindu Chemical Co., Ltd. reached 407.70 million yuan, a year-on-year increase of 39.42% due to stable market conditions and rising product prices[158]. - Leibo Kerry Phosphate Chemical Co., Ltd. achieved a net profit of 189.91 million yuan, a significant year-on-year increase of 255.52%, driven by rising raw material prices and improved industry conditions[159]. - Yangpu Yuntu Supply Chain Management Co., Ltd. reported a net profit of 236.49 million yuan, a remarkable year-on-year increase of 1,796.03%, attributed to strategic adjustments and increased trading activities[159]. Corporate Governance - The company held four shareholder meetings during the reporting period, with participation rates of 56.01%, 50.64%, 49.63%, and 49.16% respectively[173]. - The company experienced changes in its board of directors, with new appointments made on May 6, 2022[175]. - The company did not implement any new employee incentive measures during the reporting period[184]. - The company’s management has emphasized the importance of core personnel in driving future business performance and development[179].

Financial Performance - The company's revenue for Q1 2022 reached ¥5,517,761,854.25, representing an increase of 87.03% compared to ¥2,950,156,301.48 in the same period last year[5] - Net profit attributable to shareholders was ¥465,252,480.93, a significant rise of 157.59% from ¥180,614,079.70 year-on-year[5] - Basic earnings per share increased to ¥0.46, up 154.57% from ¥0.18 in the same quarter last year[5] - The net profit for the current period was ¥469,327,127.12, a substantial increase from ¥185,263,038.18 in the previous period, showcasing strong financial performance[35] - The total comprehensive income for the current period was ¥469,677,754.07, compared to ¥185,170,810.99 in the previous period, reflecting overall financial health[38] - The total profit before tax was ¥567,430,725.49, significantly higher than ¥221,713,531.93 in the previous period, highlighting strong operational efficiency[35] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥582,908,835.02, a 408.13% increase from a negative cash flow of -¥189,178,106.15 in the previous year[5] - The company's cash and cash equivalents at the end of the period reached ¥1,280,199,501.78, up from ¥727,496,902.02, indicating improved liquidity[42] - Cash and cash equivalents increased to ¥2,267,374,648.86 from ¥1,765,990,443.95, marking a 28.4% rise[28] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥13,961,438,167.17, reflecting a 2.85% increase from ¥13,574,891,747.84 at the end of the previous year[5] - Total liabilities decreased to ¥8,892,397,286.78 from ¥9,013,012,603.79, a decline of 1.3%[32] - Non-current liabilities increased to ¥1,245,852,177.73 from ¥1,144,410,286.60, representing an 8.8% rise[32] - The company's equity attributable to shareholders rose to ¥4,985,929,461.88 from ¥4,482,528,914.82, an increase of 11.2%[32] Research and Development - Research and development expenses surged by 162.29% to ¥53,910,039.45 from ¥20,553,361.94 year-on-year, indicating a strong focus on innovation[11] - Research and development expenses rose to ¥53,910,039.45 from ¥20,553,361.94, indicating a focus on innovation and new product development[35] Shareholder Structure and Private Placement - The first quarter report indicates that the company has a significant shareholder structure, with the top two shareholders holding 41.05% of the total shares[18] - The largest shareholder, Song Rui, holds 30.54% of the shares, while the second-largest shareholder, Miao Jiayun, holds 10.51%[18] - The company plans to issue up to 30.303 million shares in a private placement, with total fundraising not exceeding 2.5 billion RMB[22] - The funds raised will be used for projects related to the comprehensive utilization of phosphate resources and working capital supplementation[22] - The company is in the process of adjusting its private placement plan based on the feedback from the regulatory body[22] - The company has received feedback from the China Securities Regulatory Commission regarding its private placement application, which was accepted on March 8, 2022[22] - The company has not disclosed any related party transactions among the top shareholders, except for the relationship between Song Rui and Miao Jiayun[18] - The company has not reported any participation in margin trading by its top shareholders[18] - The company is committed to transparency and has publicly disclosed its responses to the regulatory feedback[25] Operational Efficiency and Future Outlook - The company reported a net profit margin improvement due to increased operational efficiency, although specific figures were not disclosed[32] - Future outlook includes plans for market expansion and potential new product launches, although detailed projections were not provided[32] - The company aims to enhance its production capabilities through the new projects funded by the private placement[22] - The company aims to enhance its market expansion strategies in the upcoming quarters[44] Accounts Receivable and Inventory - The company reported a 34.23% increase in accounts receivable, totaling ¥544,265,075.90, driven by expanded sales[9] - Accounts receivable rose to ¥544,265,075.90, up from ¥405,459,534.86, indicating a 34.2% increase[28] - Inventory decreased to ¥1,951,826,531.09 from ¥2,728,170,844.49, reflecting a 28.5% reduction[28] Operating Costs - The total operating costs for the current period amounted to ¥4,951,821,067.25, compared to ¥2,708,461,511.48 in the previous period, reflecting a significant increase[35]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥14,897,827,625.29, representing a 62.74% increase compared to ¥9,154,316,093.30 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥1,231,723,856.10, a significant increase of 147.06% from ¥498,555,543.48 in 2020[28]. - The basic earnings per share for 2021 was ¥1.23, an increase of 148.67% compared to ¥0.49 in 2020[28]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[100]. - The company reported a significant increase in trade revenue, which reached ¥2,831,021,701.72, reflecting a year-on-year increase of 624.29%[127]. - The revenue from new compound fertilizers was ¥2,864,830,931.93, with a gross margin of 23.21%, showing a year-on-year increase of 32.13%[127]. Market Expansion and Strategy - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling approximately RMB 404 million[6]. - The company has set a revenue target of RMB 1.5 billion for 2022, indicating a growth forecast of 25%[17]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[17]. - The company is focused on enhancing its marketing capabilities and innovating in brand building and product design to improve market share and competitiveness[52]. - The company plans to expand its production capacity and market reach while maintaining cost control and industry collaboration[52]. - The company is actively expanding its market presence through new product development and strategic investments in supply chain management and agricultural services[176]. Research and Development - The company is investing RMB 300 million in R&D for new technologies in the next fiscal year[17]. - The company is investing in R&D, allocating 150 million yuan towards the development of new technologies[100]. - The number of R&D personnel increased to 1,178 in 2021, up 23.48% from 954 in 2020[157]. - R&D investment amounted to ¥205,714,940.52 in 2021, representing a 36.05% increase from ¥151,205,498.26 in 2020[159]. - The company completed the development of specialized slow-release fertilizers for garlic, ginger, and corn, which are now on the market[150]. - The development of functional organic-inorganic mixed fertilizers is in progress, with multiple formulations being produced to meet diverse crop needs[153]. Product Development and Innovation - New product development includes the launch of a cloud-based service platform, expected to contribute an additional RMB 100 million in revenue[17]. - The company has developed core technologies for new fertilizers, including nitrate compound fertilizers and water-soluble fertilizers, and is involved in drafting multiple industry standards[111]. - The company launched high-end functional fertilizers, achieving recognition in the market and among growers, enhancing its competitive strength[199]. - The company is focusing on expanding its new type of compound fertilizer production capacity, with projects in Xinjiang and Hubei expected to enhance market share[198]. Operational Efficiency and Cost Management - The company has established an integrated industrial chain, achieving self-sufficiency in major raw materials and packaging, which enhances its cost advantage and industry pricing power amid rising raw material prices[48]. - The company has a centralized procurement model, focusing on bulk purchasing and strategic supplier partnerships to optimize costs[82]. - The production model allows for unified management across subsidiaries, ensuring resource optimization and cost savings[83]. - The company reported a significant increase in other costs, which reached 31,318,445.20, representing 6.25% of total expenses, up 41.77% from the previous period[140]. Risk Management - The management highlighted potential risks including market competition and raw material price fluctuations, which could impact future performance[6]. - The company has implemented a comprehensive internal control and risk management system for its commodity futures hedging business, effectively mitigating risks associated with price fluctuations[180]. - The company has established a risk control framework for its forward foreign exchange settlement and sales business, focusing on managing exchange rate fluctuations and customer default risks[180]. Subsidiaries and Investments - The company added 10 new subsidiaries during the reporting period, increasing its consolidated scope, while one subsidiary was disposed of[143]. - The company established Chengdu Fengyun Agricultural Technology Co., Ltd. with a registered capital of CNY 10 million, focusing on compound fertilizer sales and agricultural services[176]. - The company invested CNY 479.76 million in significant non-equity investments during the reporting period, with a cumulative actual investment of CNY 1.47 billion[176]. - The total expected return of CNY 408.6 million from its ongoing projects, with CNY 62.89 million realized as of the reporting period[176]. Environmental and Sustainability Initiatives - The company is focused on sustainability, with plans to reduce carbon emissions by 20% over the next three years[100]. - The company has obtained environmental assessment approval for the green transformation and product structure adjustment project of the salt chemical circular economy industry chain[95]. - The company aims to establish a full industry chain application standard for soil conditioners, enhancing its market competitiveness[150].

成都云图控股股份有限公司 2021 年第三季度报告 □ 是 √ 否 证券代码：002539 证券简称：云图控股 公告编号：2021-094 成都云图控股股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|-------------------|------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,084,349,077.03, representing a 36.14% increase compared to ¥4,469,240,449.43 in the same period last year[28]. - The net profit attributable to shareholders of the listed company reached ¥403,546,876.12, a significant increase of 110.53% from ¥191,680,968.36 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥395,988,023.32, up 145.70% from ¥161,167,367.54 year-on-year[28]. - The net cash flow from operating activities was ¥1,012,890,731.11, an increase of 58.98% compared to ¥637,112,873.81 in the same period last year[28]. - Basic earnings per share were ¥0.40, reflecting a 113.04% increase from ¥0.19 in the previous year[28]. - The diluted earnings per share also stood at ¥0.40, up 110.53% from ¥0.19 year-on-year[28]. - The weighted average return on net assets increased to 11.40%, up 5.53 percentage points from 5.87% in the previous year[28]. - Total assets at the end of the reporting period were ¥11,926,128,922.55, a 16.59% increase from ¥10,228,958,657.13 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were ¥3,657,068,123.91, reflecting a 6.24% increase from ¥3,442,326,088.02 at the end of the previous year[28]. Production Capacity and Product Development - The company has an annual production capacity of 5.1 million tons for compound fertilizers, making it one of the suppliers with the most production bases in China's compound fertilizer industry[38]. - The company has established a "salt-alkali-fertilizer" integrated industrial chain, with a production capacity of 600,000 tons for soda ash and ammonium chloride, and 100,000 tons for sodium nitrate and sodium nitrite[40]. - The company owns a production capacity of 60,000 tons for yellow phosphorus, 15,000 tons for monoammonium phosphate, and 35,000 tons for sodium tripolyphosphate, with a port throughput capacity of 1.4 million tons per year[43]. - The company has launched differentiated products such as seaweed iodized salt, low-sodium salt, and zero-additive salt to enhance its market competitiveness in the food salt sector[44]. - The company has initiated a project to build a 600,000 tons/year yellow phosphorus slag micro-powder production facility, enhancing resource utilization and profit margins[115]. - The total production capacity of compound fertilizers reached 5.1 million tons, with plans to add 850,000 tons[165]. Market Strategy and Competitive Position - The company is transitioning from a compound fertilizer manufacturer to a provider of efficient planting solutions, driven by a four-pronged marketing strategy of resources, marketing, technology, and services[39]. - The company aims to optimize its product structure and operational strategies in response to the evolving phosphochemical industry and national environmental standards[43]. - The company is focusing on cost control and resource optimization to enhance its competitive edge in the market[40]. - The company has integrated its production processes to ensure a sustainable and environmentally friendly development model[39]. - The company is actively expanding its market share in the food salt sector through product and channel upgrades[44]. - The company has a strong logistics advantage through combined rail and road transport, which helps reduce logistics costs while meeting downstream customer demand[61]. - The company is actively expanding its international market presence, particularly in Southeast Asia, in response to the "Belt and Road" initiative and the removal of fertilizer export tariffs[74]. - The company is focusing on continuous innovation in product design and marketing strategies to stay ahead in the industry[75]. Industry Trends and Challenges - The demand for compound fertilizers is expected to rise due to the increase in prices of major agricultural products like corn, soybeans, and wheat, which boosts farmers' planting intentions[64]. - The agricultural fertilizer industry is supported by national policies aimed at enhancing food security, which is expected to further increase fertilizer demand[64]. - The compound fertilizer industry is undergoing a rapid reshuffle, with increased concentration as smaller players exit, leading to a competitive advantage for leading companies[65][67]. - The industry is facing heightened environmental regulations, with a focus on green development, making environmentally friendly companies more competitive[71]. - The market is seeing a return to rational investment in agricultural inputs, with farmers increasingly favoring high cost-performance products over low-priced alternatives, especially during periods of low planting profitability[70]. Environmental Management and Compliance - The company emphasizes the importance of safety, energy conservation, and green development in its operational strategies[40]. - The company has established a four-level environmental management network and implemented various environmental management systems to prevent pollution and control environmental risks[192]. - The company has invested in advanced wastewater treatment technologies, including a micro-vortex treatment system and an electric dialysis treatment device for ammonium waste[193]. - The company has committed to enhancing its environmental management capabilities in line with national laws and regulations[192]. - The company has established a closed-loop system for salt wastewater, ensuring all wastewater is recycled and not discharged[195]. - The company has successfully maintained stable operation of all environmental protection facilities as per environmental impact assessments[192]. Financial Investments and Subsidiaries - The company reported a significant increase in estimated liabilities, which rose by 445.60% to ¥30,852,339.70, attributed to increased sales discounts[126]. - The company has engaged in derivative investments, with an initial investment amount of ¥19.92 million and a total investment amount at the end of the period of ¥2,987.41 million, representing 0.80% of the company's net assets[150]. - The company reported a loss of ¥2,070.32 million from derivative investments during the reporting period[150]. - The company established a new subsidiary, Yangpu Yuntu Supply Chain Management Co., Ltd., with an investment of ¥200,000,000.00, holding a 100% stake[144]. - The company also set up Chengdu Fengyun Agricultural Technology Co., Ltd. with an investment of ¥100,000,000.00, also holding a 100% stake[144]. Shareholder Engagement and Employee Initiatives - The annual shareholders' meeting had a participation rate of 55.24% on April 9, 2021, where 15 proposals were approved, including the 2020 profit distribution plan[175]. - The company plans to implement a second employee stock ownership plan, involving 16.2 million shares, which represents 1.60% of the total share capital[177]. - The purchase price for the employee stock ownership plan is set at 1 RMB per share, with a lock-up period and performance assessment conditions from 2021 to 2023[180]. - The employee stock ownership plan has a duration of 48 months, with stock unlocking occurring in three phases based on performance metrics[181].

Financial Performance - The company's revenue for Q1 2021 was CNY 2,950,156,301.48, representing a 37.17% increase compared to CNY 2,150,711,595.51 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was CNY 180,614,079.70, a significant increase of 210.80% from CNY 58,112,617.89 in the previous year[9] - The basic earnings per share for Q1 2021 was CNY 0.18, up 216.11% from CNY 0.06 in the same period last year[9] - Operating revenue rose by 37.17% to CNY 2,950,156,301.48 compared to CNY 2,150,711,595.51 in the same period last year[21] - The net profit attributable to shareholders for the first half of 2021 is projected to be CNY 325.86 million, representing a 70% increase compared to CNY 191.68 million in the same period last year[40] - The basic earnings per share for the same period is expected to be CNY 0.32, up 70% from CNY 0.19 year-on-year[40] - The increase in net profit is primarily due to the rise in the price of integrated alkali products and an increase in gross profit margin, along with a growth in compound fertilizer sales[40] - The company reported a significant increase in non-operating income by 415.94% to CNY 1,052,909.50, primarily from supplier penalties[24] - The company reported a loss of RMB 3.08 million from its futures investments during the reporting period[37] - The total comprehensive income for the current period was ¥185,170,810.99, compared to ¥57,037,293.51 in the previous period, indicating a growth of about 225.5%[73] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 11,230,018,790.51, reflecting a 9.79% increase from CNY 10,228,958,657.13 at the end of the previous year[9] - Current assets totaled ¥3,568,374,597.18, up from ¥2,924,741,300.30, reflecting a growth of 22.0%[61] - Total liabilities amounted to ¥4,220,800,773.11, compared to ¥3,486,072,944.33, indicating an increase of 21.1%[66] - The company's total equity reached ¥3,179,425,014.46, slightly down from ¥3,213,450,987.45, a decrease of 1.1%[66] - The company's total assets as of March 31, 2021, reached CNY 11.23 billion, up from CNY 10.23 billion at the end of 2020[54] - Short-term borrowings rose to CNY 3.15 billion from CNY 2.29 billion, indicating increased leverage[54] - Total liabilities amounted to ¥6,710,492,525.85, a decrease of ¥37,068,210.52 from the previous period[1] - Non-current liabilities totaled ¥619,021,045.83, reflecting a decrease of ¥37,068,210.52[1] Cash Flow - The net cash flow from operating activities was negative CNY 189,178,106.15, a decline of 233.86% compared to a positive CNY 141,326,137.55 in the same period last year[9] - Operating cash inflow for the period was CNY 1,835,005,961.81, an increase of 26.4% compared to CNY 1,452,150,527.55 in the previous period[85] - Cash inflow from financing activities totaled CNY 1,838,640,000.00, up from CNY 1,195,030,000.00 in the previous period, representing a growth of 54%[87] - Cash outflow for purchasing goods and services was CNY 1,746,149,750.35, an increase from CNY 1,006,243,552.51 in the previous period[85] - The net cash flow from investing activities was -$52.91 million, with total cash outflows of $107.07 million and inflows of $54.16 million[91] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,744[13] - The largest shareholder, Song Rui, holds 32.01% of the shares, amounting to 323,282,949 shares[14] - The second employee stock ownership plan allows for the purchase of up to 16.2 million shares at CNY 1 per share, representing 1.60% of the total share capital[27] - The company has repurchased a total of 17,419,200 shares, accounting for 1.72% of the total share capital, with a total transaction amount of approximately RMB 129.98 million[31] - The total amount allocated for the share repurchase plan is between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 10 per share[30] Research and Development - Research and development expenses increased by 51.00% to CNY 20,553,361.94, reflecting higher investment in R&D[21] - Research and development expenses increased to ¥20,553,361.94 from ¥13,611,164.55, showing a growth of about 51.1%[69] Governance and Compliance - The company has not engaged in any entrusted wealth management activities during the reporting period, ensuring capital is utilized for core operations[42] - There are no instances of non-operational fund occupation by controlling shareholders or related parties during the reporting period, indicating strong governance[43] - The company has established a comprehensive internal control and risk management system for its futures hedging business to mitigate risks associated with price fluctuations[37] - The company executed the revised accounting standards for leases starting January 1, 2021, impacting financial reporting[100] - The company has implemented new leasing standards effective January 1, 2021, with no significant impact on financial statements[11]

Financial Performance - The company's operating revenue for 2020 was ¥9,154,316,093.30, representing a 6.12% increase from ¥8,626,473,363.85 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥498,555,543.48, a significant increase of 133.79% compared to ¥213,244,926.03 in 2019[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥431,568,273.67, up 172.53% from ¥158,357,110.10 in 2019[24]. - The net cash flow from operating activities for 2020 was ¥998,415,151.67, reflecting a 6.35% increase from ¥938,827,504.41 in 2019[24]. - Basic earnings per share for 2020 were ¥0.49, a 134.46% increase from ¥0.21 in 2019[24]. - The diluted earnings per share for 2020 were also ¥0.49, up 133.79% from ¥0.21 in 2019[24]. - The weighted average return on equity increased to 14.58% in 2020, up 7.78 percentage points from 6.80% in 2019[24]. - Total assets at the end of 2020 were ¥10,228,958,657.13, a 5.26% increase from ¥9,717,817,468.59 at the end of 2019[24]. - The net assets attributable to shareholders at the end of 2020 were ¥3,442,326,088.02, representing a 7.05% increase from ¥3,215,527,193.89 at the end of 2019[24]. Market and Product Development - The company has undergone a business scope change to include the research and production of various fertilizers, including organic-inorganic compound fertilizers and microbial fertilizers[18]. - The company is expanding its product line to include various types of fertilizers, such as slow-release and water-soluble fertilizers, to meet diverse agricultural needs[36]. - The company has developed a variety of compound fertilizers, including nitrate-sulfur-based and nitrate-chloride-based fertilizers, which enhance crop yield and quality[43]. - The nitrate-sulfur-based fertilizer primarily uses nitrate nitrogen to ensure rapid early growth and sustained nutrient release, suitable for high-end economic crops[43]. - The nitrate-chloride-based fertilizer promotes early maturity and improves yield, particularly effective for non-paddy field crops[43]. - The company has launched new products such as organic water-soluble fertilizers and chelated monoammonium phosphate to meet market demands[170]. - The company is focusing on market expansion through the development of high-performance products and strategic partnerships in the agricultural sector[174]. Risk Management and Strategic Focus - The company emphasizes the importance of risk awareness among investors, highlighting market competition, raw material price fluctuations, and capacity expansion risks[4]. - The company is focusing on integrating upstream and downstream resources in the compound fertilizer sector to enhance its core competitiveness and risk resistance[95]. - The company is focusing on a "resource + industry chain" model to optimize cost control and enhance competitiveness in the market[40]. Production and Capacity - The company has an annual production capacity of 5.1 million tons for compound fertilizers, making it one of the largest suppliers in China[36]. - The production capacity for compound fertilizers is 5.1 million tons per year, with a capacity utilization rate of 52.91%[118]. - The production capacity for monoammonium phosphate is 430,000 tons per year, with a capacity utilization rate of 122.03%[118]. - The production capacity for soda ash and ammonium chloride is 600,000 tons per year, with a capacity utilization rate of 108.89%[118]. - The company has completed construction of a new 400,000 tons per year slow-release compound fertilizer project, which received environmental approval on July 27, 2020[121]. Sales and Distribution - The company employs a centralized procurement model for raw materials, ensuring cost efficiency and strategic supplier partnerships[59]. - The sales strategy includes a multi-channel distribution network and targeted marketing efforts to enhance brand visibility and market penetration[61]. - The company has over 5,000 primary distributors and more than 100,000 retail outlets, ensuring extensive market coverage and penetration[104]. - The company primarily uses direct sales to end-users for yellow phosphorus products, reducing intermediaries to lower operating costs and enhance sales prices through logistics advantages[63]. Research and Development - Research and development expenses increased by 32.71% to ¥151,205,498.26, driven by higher investment in new product development[168]. - The number of R&D personnel rose to 954, with R&D investment accounting for 1.65% of operating revenue, an increase of 0.33 percentage points[176]. - The company has developed several patented technologies for fertilizer production, enhancing fertilizer efficiency and crop yield[113]. - The company has mastered core technologies for new fertilizers, including nitrate compound fertilizers and water-soluble fertilizers, positioning itself as a leader in the market[98]. International Expansion - The company is actively expanding its international market presence, particularly in Southeast Asia, as part of its strategy to enhance competitiveness and operational capabilities[76]. - The company is expanding its international presence, having established marketing networks in Southeast Asia, including Vietnam, Thailand, and Malaysia[104]. Environmental and Regulatory Compliance - The company has received multiple environmental approvals for new projects, ensuring compliance with regulatory standards[121]. - The company has a safety production standardization certificate, indicating it meets safety standards for hazardous chemicals[127]. Inventory and Cost Management - The total operating cost for fertilizers was 4,751,960,005.45 yuan in 2020, a 2.16% increase from 4,651,302,741.74 yuan in 2019[150]. - Material costs accounted for 87.20% of total operating costs in 2020, slightly up from 87.04% in 2019, with a total of 3,436,674,842.90[154]. - The company plans to increase inventory levels for certain products based on production and operational plans[149]. - Inventory increased to approximately ¥1.78 billion, representing 17.45% of total assets, up by 0.34 percentage points year-over-year[182]. Subsidiaries and Equity - The company added 5 new subsidiaries and reduced 8 subsidiaries during the reporting period, indicating a strategic shift in its operational structure[158]. - The company has four wholly-owned subsidiaries, with significant contributions to net profit, including Chengdu Xindu Chemical Co., Ltd. and Leibo Kerry Phosphate Chemical Co., Ltd.[198].

Financial Performance - Net profit attributable to shareholders increased by 194.75% to CNY 178,860,698.61 for the reporting period[9] - Basic earnings per share rose by 194.94% to CNY 0.18 for the reporting period[9] - Operating revenue decreased by 2.25% to CNY 2,334,667,157.80 compared to the same period last year[9] - Operating profit increased by 93.29% to ¥469,505,087.42 from ¥242,904,891.42, driven by higher sales volume and gross profit of compound fertilizers and rising prices of phosphate chemical products[23] - Investment income surged by 528.65% to ¥21,908,901.41 from ¥3,485,091.05, mainly due to increased gains from hedging instruments[23] - The estimated cumulative net profit for the year is projected to be CNY 469.14 million, representing a 120% increase compared to the previous year's CNY 213.25 million[40] - Basic earnings per share are expected to be CNY 0.46, which is a 120% increase from CNY 0.21 in the same period last year[40] - The significant increase in net profit is attributed to the growth in compound fertilizer sales and gross profit during the reporting period[40] Assets and Liabilities - Total assets increased by 2.39% to CNY 9,950,080,581.37 compared to the end of the previous year[9] - Total assets amounted to ¥9,717,817,468.59, remaining stable compared to the previous reporting period[98] - Total liabilities amounted to CNY 6,419,454,769.62, with current liabilities at CNY 5,478,249,429.84, and non-current liabilities at CNY 941,205,339.78[101] - The company’s total liabilities and equity reached ¥7,139,166,394.93, an increase from ¥6,911,641,808.89, representing a growth of about 3.29%[62] - The company reported a total current liability of CNY 5.58 billion, compared to CNY 5.48 billion at the end of 2019[54] - The company’s long-term borrowings were recorded at CNY 445,041,203.20, with total long-term liabilities at CNY 569,521,754.06[101][108] Cash Flow - Cash flow from operating activities increased by 345.25% to CNY 173,790,356.08 for the reporting period[9] - The cash flow from financing activities showed a net outflow of -¥344,831,114.66, an improvement from -¥637,554,855.04 in the previous period[91] - The cash flow from operating activities generated a net amount of ¥810,903,229.89, an increase of 24.8% compared to ¥649,625,423.92 in the previous period[85] - Net cash flow from operating activities decreased to ¥446,213,214.01, down 45.9% from ¥825,415,721.74 in the previous period[92] - The cash outflow from investing activities was ¥709,105,616.30, compared to ¥153,377,592.10 in the previous period, resulting in a net cash flow from investing activities of -¥298,382,566.04[85] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,654[13] - The largest shareholder, Song Rui, holds 32.01% of the shares, amounting to 323,282,949 shares[14] - The company did not engage in any repurchase transactions during the reporting period[16] - The company plans to repurchase shares using its own funds, with a total amount not less than RMB 100 million and not exceeding RMB 200 million, at a price not exceeding RMB 10 per share[31] - As of September 30, 2020, the company repurchased a total of 8,033,300 shares, accounting for 0.80% of the total share capital, with a total transaction amount of RMB 59,987,303.98[31] Investments and Future Plans - The company plans to invest ¥50 million to establish Chengdu Yuntu Agricultural Service Technology Co., Ltd., leveraging its extensive customer resources and blockchain technology[25] - The company is in the process of transferring an 8% stake in Hubei Guangyan Lantian Salt Chemical Co., Ltd. for a total price of ¥12,312,800, based on a net asset valuation of ¥170,010,200[26][29] - The company is focusing on the development of its blockchain agricultural service platform and the progress of phosphate mining rights[46] Risk Management - The company engaged in futures hedging to mitigate the adverse effects of price fluctuations in products and raw materials, with an initial investment amount of RMB 19.92 million in futures contracts[36] - The company has established a comprehensive internal control and risk management system for its futures hedging business to effectively manage market, liquidity, credit, operational, legal, and technical risks[36] - The independent directors expressed that the futures hedging business is necessary and feasible, aiming to utilize the hedging function of the futures market without harming the interests of the company and its shareholders[39] Research and Development - Research and development expenses increased to approximately CNY 82.20 million from CNY 76.14 million, reflecting a growth of about 7.5%[67] - Research and development expenses for the current period were ¥137,964,919.29, slightly up from ¥134,137,757.67 in the previous period, showing a growth of about 2.1%[77]