Financial Performance - The company's operating revenue for 2016 was CNY 270,047,932.74, representing a 77.85% increase compared to CNY 151,839,662.18 in 2015[23]. - The net profit attributable to shareholders for 2016 was CNY 21,091,523.61, a significant turnaround from a loss of CNY 45,516,157.39 in 2015, marking a 146.34% improvement[23]. - The net cash flow from operating activities was CNY 83,154,828.36, showing a slight decrease of 2.86% from CNY 85,606,396.97 in 2015[23]. - The basic earnings per share for 2016 was CNY 0.03, recovering from a loss of CNY 0.07 in 2015[23]. - The total assets at the end of 2016 were CNY 1,156,875,630.65, a decrease of 3.28% from CNY 1,196,087,686.01 at the end of 2015[23]. - The weighted average return on equity for 2016 was 2.43%, recovering from -5.66% in 2015[23]. - The total operating revenue for 2016 was ¥270,047,932.74, representing a 77.85% increase compared to ¥151,839,662.18 in 2015[58]. - The net profit attributable to shareholders reached 21.09 million CNY, reflecting a growth of 146.34% compared to the previous year[52]. - The total operating costs for 2016 were ¥152,947,110.04, which is a 24.22% increase from ¥123,130,515.03 in 2015[63]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares based on a total share capital of 567,000,000 shares as of December 31, 2016[5]. - The net profit attributable to the parent company's shareholders for the year 2016 was RMB 21,091,523.61, with a total distributable profit of RMB 208,499,911.66[96]. - The company did not distribute any cash dividends or bonus shares in 2015, and the profit distribution plan for 2016 is aimed at ensuring sustainable business development[92]. - The company’s cash dividend accounted for 100% of the total profit distribution for the year 2016[94]. - The company’s cash dividend policy is in compliance with its articles of association and has been approved by the board of directors[91]. Production and Capacity - The company has an annual production capacity of 410,000 tons of high-purity food-grade liquid carbon dioxide, making it the largest producer in China[33]. - The company plans to enhance its production capacity by constructing facilities in Hainan and Fujian, which will add 100,000 tons of food-grade carbon dioxide capacity[33]. - The company has developed a diverse product range including dry ice, liquid carbon dioxide, and food-grade nitrogen, serving multiple industries[32]. - The company is focused on expanding its product offerings, including hydrogen and combustible gases, which are expected to have higher profit margins in the long term[11]. Technological Innovation - The company has developed a high-purity CO2 purification technology that improves product purity from 99.95% to 99.999%, significantly reducing energy consumption[39]. - The company is focusing on the development of biodegradable plastics and other new materials using carbon dioxide, aiming to extend its resources into high-value downstream chemical industries[37]. - The company has developed a technology for comprehensive utilization of industrial tail gas to produce food-grade carbon dioxide, high-purity hydrogen, and high-calorific combustible gas, achieving significant economic benefits[41]. - The company has established a CO2 comprehensive utilization engineering technology research center in Hunan Province, fostering high-level talent and promoting the transformation of research results[44]. - The company is currently engaged in research projects related to CO2 capture and purification technologies, including capturing CO2 from flue gas and developing new processes to control CO2 emissions during hydrogen production[45]. Market and Customer Base - Approximately 45% of the company's products are sold to seasonal food and beverage customers, leading to potential seasonal fluctuations in sales and overall performance[12]. - The company's profitability is closely linked to the prices of liquid gases and pentane, which are influenced by the broader economic environment and commodity price cycles[12]. - The company's food-grade liquid carbon dioxide products have been certified by Coca-Cola and PepsiCo, establishing strategic supplier relationships with major clients such as Budweiser and China National Railway Group[34]. - The company's top five customers accounted for 24.84% of total sales, with the largest customer contributing ¥31,377,047.68, or 11.62% of total sales[64]. Financial Management and Governance - The company is committed to ensuring the accuracy and completeness of its financial reporting, as stated by its board and management[4]. - The company has maintained transparency in its operations, undergoing annual independent audits and social responsibility assessments[128]. - The company has established a sound corporate governance structure in compliance with relevant laws and regulations, ensuring no violations occurred during the reporting period[173]. - The independent directors actively participated in board meetings, with attendance rates of 100% for most members, and provided valuable professional advice to enhance the company's internal control and decision-making processes[182]. Environmental and Social Responsibility - The company has received recognition as the "Best Environmental Contribution Listed Company" in 2015, highlighting its commitment to environmental protection[129]. - The company has implemented a series of clean production programs, achieving significant economic and environmental benefits[132]. - The company operates in compliance with national environmental standards, utilizing technology to recycle and purify greenhouse gases[129]. - The company has been actively involved in public welfare, establishing a fund to support nearly 300 underprivileged students since 2003[133]. Employee and Management Structure - The total number of employees in the company is 517, with 141 in the parent company and 376 in major subsidiaries[167]. - The company has a professional composition of 192 production personnel, 93 sales personnel, 109 technical personnel, 38 financial personnel, 73 administrative personnel, and 12 others[168]. - The management team includes experienced professionals with various roles in the company and other affiliated entities[163]. - The company implements a performance-oriented salary distribution mechanism to align employee interests with corporate benefits[169]. Investment and Future Outlook - The company is in a growth phase and has significant capital expenditure plans, which influences its dividend distribution strategy[94]. - Future outlook includes potential investments in technology and innovation to drive growth and competitiveness in the market[199]. - The company aims to optimize its asset management to improve overall financial health and operational efficiency[199]. - There are plans for potential mergers and acquisitions to strengthen market position and expand product offerings[199].

Financial Performance - The company's operating revenue for Q1 2017 was ¥75,410,812.33, representing a 35.36% increase compared to ¥55,710,988.54 in the same period last year[8] - Net profit attributable to shareholders was ¥5,246,497.32, a significant increase of 71.87% from ¥3,052,573.42 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥3,981,983.50, marking a 207.87% increase from ¥1,293,384.24 in the previous year[8] - The estimated net profit attributable to shareholders for the first half of 2017 is expected to be between 10.75 million yuan and 13.44 million yuan, representing a change of 100.00% to 150.00% compared to the previous year[19] Cash Flow and Assets - The net cash flow from operating activities was ¥26,559,537.11, up 18.77% from ¥22,361,627.06 in the same period last year[8] - The total assets at the end of the reporting period were ¥1,098,099,579.12, a decrease of 5.08% from ¥1,156,875,630.65 at the end of the previous year[8] - The company's cash and cash equivalents decreased by 40.61% to ¥62,931,900.00, primarily due to repayment of bank loans and payments for engineering equipment[15] Inventory and Borrowings - Inventory at the end of the period increased by 40.75% to ¥10,566,700.00, attributed to increased stock at Huizhou and Anqing subsidiaries[15] - The company's short-term borrowings were reduced to zero, a 100% decrease from ¥50,000,000.00 at the beginning of the period, due to loan repayments[15] Operating Costs and Expenses - Operating costs for the current period amounted to 43.04 million yuan, an increase of 13.28 million yuan, or 44.64%, compared to the previous period[10] - The financial expenses for the current period were 0.70 million yuan, an increase of 0.67 million yuan, or 1995.43%, primarily due to the capitalization of loan interest after project completion[12] - The income tax expense for the current period was 0.13 million yuan, a decrease of 0.57 million yuan, or 81.97%, due to a reduction in taxable income[14] - The impairment loss for the current period was 0.23 million yuan, a decrease of 0.12 million yuan, or 33.41%, compared to the previous period[13] - The tax and additional charges for the current period were 0.95 million yuan, an increase of 0.05 million yuan, or 120.93%, compared to the previous period[11] Other Financial Metrics - The weighted average return on net assets was 0.59%, up from 0.35% in the previous year[8] - The decrease in employee compensation payable at the end of the period was 2.25 million yuan, a reduction of 78.16% compared to the beginning of the period[7] Future Plans - The company plans to commence trial operations for Hainan Kaimete by the end of April, contributing to revenue growth[19] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[18]

Financial Performance - Operating revenue for the reporting period reached ¥66,227,625.34, representing a year-on-year increase of 17.31%[8] - Net profit attributable to shareholders was ¥4,269,810.23, reflecting a significant increase of 305.14% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,832,960.88, up by 181.32% year-on-year[8] - Basic earnings per share for the reporting period were ¥0.0075, an increase of 302.70% compared to the same period last year[8] - The weighted average return on net assets was 243.61%, a substantial increase from 46.17% in the previous year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,644[12] - The largest shareholder, Haoxun Technology Co., Ltd., held 64.51% of the shares, amounting to 365,767,500 shares[12] Cash Flow and Financial Health - The company reported a net cash flow from operating activities of ¥51,858,854.92, which decreased by 3.55% compared to the same period last year[8] - The company did not have any non-recurring gains and losses classified as regular gains and losses during the reporting period[10] Future Outlook - The company expects a net profit for 2016 to be between 5 million and 30 million yuan, a turnaround from a net loss of 45.52 million yuan in 2015[20] Production and Operations - The recovery of gas supply from Sinopec's Changling branch has been confirmed, allowing Changling Kaimete to resume production since March 1, 2016[20] - The company's fundraising project, "Hunan Gas Engineering Technology R&D Center," has been completed and is in trial operation[18] - The "Refinery Gas Pressure Swing Adsorption Separation and Purification Liquid Carbon Dioxide Device Project" in Hainan has been completed and is awaiting upstream notification for formal operation[18] - The company’s subsidiary, Anqing Kaimete, has successfully completed routine maintenance and is now in stable production[17] - The company has successfully completed the trial run of the torch gas comprehensive utilization project in Fujian, with product testing meeting standards[17] - The company is continuously optimizing production conditions and adjusting process parameters for the Hainan project to ensure successful operation[18] Compliance and Governance - The company has fulfilled its commitment regarding the extension of the lock-up period for shares held by the actual controller, ensuring compliance with regulatory requirements[19] - The company has reported no violations regarding external guarantees during the reporting period[21] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[22] Investor Relations - The company conducted on-site research activities on July 7, 2016, with institutional investors including Penghua Fund, Anxin Securities, and GF Securities, focusing on the company's development status[23] - On August 26, 2016, the company held another on-site research session with Industrial Securities, discussing the company's development and hydrogen product status[23]

Financial Performance - The company's operating revenue for the reporting period reached ¥117,729,948.27, a significant increase of 325.72% compared to ¥27,654,543.08 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥5,376,904.72, marking a turnaround from a loss of ¥31,213,901.49 in the previous year, representing an increase of 117.23%[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,754,583.44, compared to a loss of ¥33,732,779.85 in the same period last year, reflecting an increase of 108.17%[19]. - The net cash flow from operating activities was ¥37,053,565.13, up 65.53% from ¥22,384,166.47 in the previous year[19]. - Basic earnings per share improved to ¥0.0095 from a loss of ¥0.06, an increase of 115.83%[19]. - The total profit for the first half of 2016 was CNY 9,001,077.50, compared to a loss of CNY 31,226,906.13 in the same period last year[128]. - The company reported a net profit margin of 12% for the last quarter, up from 10% in the previous year[179]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,166,514,423.01, a decrease of 2.47% from ¥1,196,087,686.01 at the end of the previous year[19]. - The total liabilities decreased from CNY 322.56 million to CNY 280.88 million, a reduction of about 12.93%[120]. - Owner's equity increased from CNY 873.53 million to CNY 885.64 million, a growth of approximately 1.27%[121]. - The total amount of guarantees provided by the company was 25 million yuan, with an actual guarantee balance of 8.66 million yuan, representing 10% of the company's net assets[84]. Cash Flow - The net cash flow from financing activities was -62,784,178.40 CNY, compared to a positive cash flow of 87,786,508.15 CNY in the previous period[137]. - The total cash outflow from investing activities was 115,855,455.20 CNY, a decrease of 30% from 165,340,295.02 CNY in the previous period[137]. - The company reported a net cash flow from investment activities of -77,215,265.69 CNY, an improvement from -103,389,987.37 CNY in the previous period[136]. Investments and Projects - The company has invested CNY 9.68 million in establishing a wholly-owned subsidiary, exceeding the committed investment amount by 107.55%[48]. - The total investment in the hydrogen PSA tail gas and styrene hydrocarbon tail gas comprehensive utilization project reached CNY 96.7974 million, accounting for 107.55% of the committed investment amount as of June 30, 2016[50]. - The company has not engaged in any external investments, securities investments, or derivative investments during the reporting period[38][40][42][43]. Research and Development - Research and development expenses decreased by 38.11% to 7,573,510.69 yuan due to a reduction in R&D projects[32]. - The company aims to enhance the conversion of R&D achievements, striving for successful transformations and economic benefits, thereby diversifying its product offerings[37]. - The company continues to develop high-purity CO2 purification technology and aims to industrialize it[36]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring no violations occurred during the reporting period[66]. - There were no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[68]. - The company has adhered to all commitments made regarding shareholding and asset restructuring, demonstrating compliance and accountability[88]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,968[104]. - Haoxun Technology Co., Ltd. holds 64.51% of the shares, totaling 365,767,500 shares, all of which are pledged[104]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[107]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year[179]. - Market expansion plans include entering three new international markets by Q3 2024[179]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[179].

Financial Performance - The company's operating revenue for Q1 2016 was ¥55,710,988.54, representing a 15.51% increase compared to ¥48,229,737.10 in the same period last year[8]. - Net profit attributable to shareholders was ¥3,052,573.42, a significant increase of 189.90% from ¥1,052,969.90 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥1,293,384.24, showing a dramatic increase of 2,871.85% from a loss of ¥46,661.43 in the same period last year[8]. - The net cash flow from operating activities was ¥22,361,627.06, up 83.79% from ¥12,167,234.39 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.0054, reflecting an increase of 184.21% from ¥0.0019 in the same period last year[8]. Assets and Shareholder Information - Total assets at the end of the reporting period were ¥1,213,293,460.21, a 1.44% increase from ¥1,196,087,686.01 at the end of the previous year[8]. - Net assets attributable to shareholders were ¥863,150,463.36, up 0.41% from ¥859,588,537.54 at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 15,216[11]. - The largest shareholder, Haoxun Technology Co., Ltd., held 64.51% of the shares, amounting to 365,767,500 shares[11]. Cash Flow and Receivables - Cash and cash equivalents at the end of the period amounted to 225.90 million CNY, an increase of 53.20 million CNY, or 30.81%, mainly due to the maturity of time deposits from Hunan Kaimete and Fujian Kaimete[15]. - Accounts receivable at the end of the period reached 32.83 million CNY, an increase of 8.78 million CNY, or 36.48%, primarily due to increased receivables from China Petroleum & Chemical Corporation[15]. - Other current assets decreased to 87.63 million CNY, a reduction of 67.88 million CNY, or 43.65%, mainly due to a decrease in time deposits from Hunan Kaimete and Fujian Kaimete[15]. Liabilities and Expenses - Payables by notes at the end of the period were 14.17 million CNY, an increase of 9.37 million CNY, or 195.34%, due to equipment payments made by Anqing Kaimete, Hainan Kaimete, and Fujian Kaimete[16]. - Prepayments at the end of the period were 6.83 million CNY, an increase of 3.55 million CNY, or 108.33%, mainly due to increased advance payments from customers of Anqing Kaimete[16]. - Financial expenses for the period were 0.0335 million CNY, a decrease of 1.15 million CNY, or 97.18%, primarily due to the capitalization of project loan interest[16]. - Asset impairment losses for the period amounted to 0.3503 million CNY, an increase of 0.3352 million CNY, or 2228.54%, mainly due to increased bad debt provisions based on aging analysis[16]. - Operating income for the period was 4.2174 million CNY, an increase of 1.1622 million CNY, or 38.04%, primarily due to penalties received from suppliers[17]. - Income tax expenses for the period were 0.7008 million CNY, an increase of 2.1865 million CNY, or 147.17%, mainly due to an increase in taxable income[18]. Future Outlook and Projects - The "Hunan Gas Engineering Technology R&D Center Project" has completed the main construction and is entering the auxiliary engineering phase, expected to be operational in Q1 2016[21]. - The company expects a net profit for the first half of 2016 to be between -3,121.39 million yuan and 500 million yuan, indicating a turnaround from a loss in the same period last year[24]. - The recovery in performance is attributed to the resumption of gas supply from Sinopec Changling Branch, with production having resumed on March 1, 2016[24]. Compliance and Investor Relations - There were no violations regarding external guarantees during the reporting period[25]. - The company reported no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[26]. - The company conducted an on-site investigation on January 28, 2016, with institutional investors including Guotai Junan Securities and Penghua Fund to discuss project progress and development[27].

Financial Performance - The company's operating revenue for 2015 was ¥151,839,662.18, a decrease of 42.04% compared to ¥261,993,275.85 in 2014[25]. - The net profit attributable to shareholders for 2015 was -¥45,516,157.39, representing a decline of 244.68% from ¥31,460,012.45 in 2014[25]. - The net cash flow from operating activities increased by 12.14% to ¥85,606,396.97 in 2015, compared to ¥76,335,491.59 in 2014[25]. - The total assets at the end of 2015 were ¥1,196,087,686.01, a slight increase of 0.07% from ¥1,195,202,343.85 at the end of 2014[25]. - The basic earnings per share for 2015 was -¥0.08, down 233.33% from ¥0.06 in 2014[25]. - The company reported a significant increase in non-operating income, totaling ¥4,606,767.42 in 2015, compared to ¥3,104,072.33 in 2014[32]. - The company experienced a negative net profit in all four quarters of 2015, with the largest loss occurring in the second quarter at -¥32,266,871.39[30]. - The weighted average return on equity for 2015 was -5.66%, a decrease of 9.54% from 3.88% in 2014[25]. - The company's liquid carbon dioxide revenue increased by 11.91% to 136,604,715.53 yuan, accounting for 89.97% of total revenue[62]. - The company reported a significant operating loss of -6,812.30 million yuan, a decline of 447.06% from the previous year[57]. Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[6]. - The controlling shareholder, Haoxun Technology Co., Ltd., holds 64.51% of the shares, amounting to 365,767,500 shares[171]. - The company did not propose any cash dividends, stock dividends, or capital reserve transfers for the year 2015, despite having positive distributable profits[112]. - The company's total share capital increased from 405,000,000 shares to 567,000,000 shares after a capital reserve transfer of 4 shares for every 10 shares held in 2014[111]. - The company has established a shareholder return plan for 2015-2017, which includes detailed procedures for profit distribution and cash dividend policies[106]. - The company’s cash dividend policy has been revised to ensure transparency and compliance with regulations, allowing for independent director opinions and shareholder input[107]. - The company’s cash dividends for the past three years were 0.00 RMB, indicating no distributions to shareholders during this period[113]. - The company’s capital reserve as of the end of 2015 was 91,992,624.58 RMB, with a year-end distributable profit of 169,416,646.98 RMB[111]. Operational Strategy - The company has established the largest liquid carbon dioxide transportation fleet in the country to enhance logistics efficiency and reduce operational risks[9]. - The company is focused on expanding its product offerings, including hydrogen and combustible gases, which are expected to have higher profit margins in the long term[11]. - The company emphasizes the importance of maintaining stable production during peak sales seasons to ensure overall profitability[12]. - The company has established long-term partnerships with major clients, including Coca-Cola and PepsiCo, and has been recognized as a strategic supplier in China[37]. - The company is actively engaged in projects related to carbon dioxide capture and purification technologies, aiming to improve the efficiency of CO2 emissions reduction in various industrial processes[49]. - The company is pursuing international collaborations for advanced CO2 utilization technologies with countries like Canada and the USA[51]. - The company is focusing on collaboration with major global petrochemical companies to strengthen its market position and expand its product offerings[101]. Research and Development - The company has established a research and development team since 2006, collaborating with multiple universities and research institutes to enhance its technological innovation capabilities[48]. - The company has developed a technology that increases the purity of carbon dioxide from 99.95% to 99.999%, significantly reducing energy consumption and enhancing economic benefits[42]. - The company is focusing on the research and development of ultra-pure gases and high-purity gas mixing technologies, which are expected to have good economic benefits[53]. - The company has developed a method to improve the recovery rate of carbon dioxide by at least 3% and reduce consumption by at least 5% through advanced production techniques[42]. - The company has developed a technology for the comprehensive utilization of flare gas at Anqing Petrochemical, producing high-value products such as hydrogen, liquefied gas, and pentane from four types of tail gas[44]. Environmental and Safety Practices - The company has implemented a comprehensive safety management system, including daily safety inspections and advanced monitoring systems[154]. - The company’s production process for high-purity carbon dioxide is recognized as a resource comprehensive utilization product, contributing to environmental protection[153]. - The company has not faced any administrative penalties for environmental violations in recent years, indicating compliance with environmental regulations[153]. - The company has achieved significant safety certifications, including the Level 3 Safety Standardization Certification for multiple subsidiaries, enhancing its operational safety standards[156]. - The company has established over 100 emergency response plans to effectively manage incidents such as pressure vessel explosions and fires, ensuring rapid control and minimizing damage[155]. Investment and Capital Management - The company has cumulatively used 49,211.10 million of the raised funds, with 44,109.48 million directly invested in projects and 5,101.62 million supplementing working capital[88]. - The company has not reported any significant changes in its investment strategy or market expansion plans during the reporting period[86]. - The company reported a total guarantee amount of 25,000,000 RMB, with an actual guarantee balance of 10,000,000 RMB at the end of the reporting period, representing 11.63% of the company's net assets[137]. - The company has no instances of unauthorized external guarantees during the reporting period[138]. - The company did not engage in any entrusted financial management or loans during the reporting period[139][140]. Employee and Management Structure - The company employed a total of 517 staff, including 128 in the parent company and 389 in major subsidiaries[194]. - The professional composition of employees includes 187 production personnel, 97 sales personnel, and 117 technical personnel[195]. - The company has a total of 6 employees with a master's degree and 1 employee with a doctoral degree[195]. - The company implements a performance-oriented salary distribution mechanism to motivate employees[196]. - The company conducts annual training plans based on employee needs and company development requirements[197]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1.7075 million[193]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations[200]. - The company ensures equal rights for all shareholders, particularly minority shareholders, during shareholder meetings[200]. - The company maintains independence from its controlling shareholders in business, assets, personnel, and financial aspects[200]. - The company has not reported any changes in its actual controller during the reporting period[176]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[123].

Financial Performance - Operating revenue for the reporting period was ¥56,455,298.52, down 34.28% year-on-year, and down 60.09% year-to-date[8] - Net profit attributable to shareholders was a loss of ¥2,081,412.51, a decline of 110.53% compared to the same period last year[8] - The basic earnings per share was -¥0.004, reflecting a decrease of 111.43% year-on-year[8] - The weighted average return on net assets was -0.26%, down 111.05% from the previous year[8] - The company expects a net loss for 2015, projected between -45 million to -30 million RMB, compared to a net profit of 31.46 million RMB in 2014[33] - The decline in operating profit is attributed to the shutdown of the subsidiary Changling Kaimete Gas Co., routine maintenance at Anqing Kaimete Gas Co., and increased management costs during the construction of projects in Hainan and Fujian[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,207,813,263.41, an increase of 1.06% compared to the previous year[8] - Net assets attributable to shareholders decreased by 4.00% to ¥793,824,104.21 from ¥826,857,132.61[8] - Cash and cash equivalents at the end of the period were 96.23 million yuan, a decrease of 47.36% compared to the beginning of the period, mainly due to increased fixed deposits and project investments by subsidiaries[16] - Accounts receivable at the end of the period were 32.77 million yuan, a decrease of 64.45% compared to the beginning of the period, primarily due to adjustments related to sales discounts from previous years[17] - Short-term borrowings at the end of the period were 150.20 million yuan, an increase of 49.9% compared to the beginning of the period, attributed to increased bank loans for working capital[18] - Other current assets at the end of the period were 223.77 million yuan, an increase of 36.31% compared to the beginning of the period, mainly due to increased bank fixed deposits[18] - The company’s long-term borrowings at the end of the period were 86.60 million yuan, an increase of 154.71% compared to the beginning of the period, due to project financing needs[22] - The company’s deferred tax assets at the end of the period were 18.89 million yuan, an increase of 33.41% compared to the beginning of the period, due to increased tax losses from a subsidiary[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,609[12] - The largest shareholder, Haoxun Technology Co., Ltd., holds 64.51% of the shares, totaling 365,767,500 shares, with 49,210,000 shares pledged[12] - The company has committed to extending the lock-up period for shares held by major shareholders until March 18, 2016[31] Operational Updates - The company plans to resolve pricing disputes with a major supplier by the end of September 2015, which may impact future supply agreements[25] - The company is in the process of a major asset restructuring, with ongoing data analysis related to sales contracts, indicating potential future growth opportunities[27] - The company’s management expenses for the period were 57.87 million yuan, an increase of 25.11% year-on-year, primarily due to operational costs from new subsidiaries[22] - The company has announced the postponement of the resumption of operations at the Changling Kaimete facility[30] - The company has disclosed ongoing maintenance and repair activities at its subsidiaries, including Anqing Kaimete Gas Co.[30] - The company has provided updates on its major asset restructuring progress[30] Compliance and Investments - The company has not engaged in any securities investments during the reporting period[34] - There are no holdings in other listed companies during the reporting period[35] - The company reported no instances of non-compliance with external guarantees during the reporting period[36] - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[37]

Financial Performance - The company's operating revenue for the reporting period was ¥27,654,543.08, a decrease of 77.85% compared to ¥124,865,705.30 in the same period last year[19]. - The net profit attributable to shareholders was -¥31,213,901.49, representing a decline of 212.37% from ¥27,776,824.88 in the previous year[19]. - The net cash flow from operating activities was ¥22,384,166.47, down 46.43% from ¥41,781,483.26 in the same period last year[19]. - The basic earnings per share were -¥0.06, a decrease of 220.00% compared to ¥0.05 in the previous year[19]. - The operating profit for the period was CNY -39,720,500.00, a decrease of 284.62% compared to the previous year[31]. - The company reported a total comprehensive income attributable to the parent company of CNY -31,213,901.49, compared to CNY 27,776,824.88 in the previous period, showing a significant decline[134]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,246,837,012.76, an increase of 4.32% from ¥1,195,202,343.85 at the end of the previous year[19]. - The total liabilities increased to CNY 436,973,613.65 from CNY 354,393,211.21, marking an increase of approximately 23.2%[126]. - The total equity attributable to shareholders decreased to CNY 795,932,467.93 from CNY 826,857,132.61, a decline of approximately 3.74%[126]. Cash Flow - The company's cash and cash equivalents decreased by 91.32% to CNY 6,780,663.36 due to various factors[33]. - The cash flow from investing activities resulted in a net outflow of CNY -103,389,987.37, compared to CNY -6,101,671.76 in the previous period, indicating increased investment expenditures[141]. - The cash flow from financing activities generated a net inflow of CNY 87,786,508.15, up from CNY 42,482,000.03, reflecting a strong financing position[142]. Investments and Projects - The company has invested a total of 72.73 million yuan in the 10,000-ton liquid argon project, which has completed trial operation and is currently optimizing its processes[51]. - The company has established a joint venture, Beijing Yanshan Kaimete Gas Co., Ltd., for the construction of a gas separation and purification project, with a total investment commitment of 90 million yuan[51]. - The company is exploring the production of biodegradable plastics and other new materials using carbon dioxide as a feedstock[39]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total distributable profit available for shareholders at the end of the period was 130,122,575.43 CNY, with a capital reserve of 176,992,624.58 CNY[65]. - The company plans to increase its total share capital from 405,000,000 shares to 567,000,000 shares by converting capital reserves at a ratio of 4 shares for every 10 shares held[66]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations[73]. - The company has not engaged in any asset acquisitions, sales, or mergers during the reporting period[77][78][79]. - There were no major litigation or arbitration matters reported during the period[75]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[155]. - The company expects a net loss of between CNY -36 million and CNY -26 million for the first nine months of 2015, compared to a net profit of CNY 47.53 million in the same period of 2014[61].

Profit Distribution and Shareholder Structure - The company reported a profit distribution plan for 2014, proposing a capital reserve conversion of 4 shares for every 10 shares held, with no cash dividends[4]. - The company plans to distribute profits and capital reserves by increasing the share capital by 4 shares for every 10 shares held, resulting in a total of 162,000,000 new shares issued, increasing the total share capital from 405,000,000 to 567,000,000 shares[119]. - In 2014, the company achieved a net profit attributable to shareholders of 31,460,012.45 RMB, with no cash dividends proposed, resulting in a cash dividend payout ratio of 0.00%[120]. - The company has not proposed cash dividends for 2014 due to ongoing major investment projects, including a 40,000 Nm3/h torch gas comprehensive utilization project with a total investment of 150 million RMB, where the company holds a 74% stake[121]. - The company’s profit distribution plan for 2014 complies with the regulations set forth by the China Securities Regulatory Commission regarding cash dividends[122]. - The company’s independent directors have fulfilled their responsibilities and ensured that minority shareholders' rights are adequately protected during the profit distribution process[115]. - The company’s cash dividend policy is in accordance with its articles of association and shareholder meeting resolutions, with clear standards and decision-making procedures[115]. - The company has maintained a consistent profit distribution plan over the past three years, with capital reserves being converted into share capital at a ratio of 5 shares for every 10 shares held in previous years[116]. - The company’s retained earnings at the end of 2014 amounted to 130,122,575.43 RMB, which were not distributed as cash dividends due to the need for operational funding[122]. - The company’s cash dividend proposal for 2014 was submitted for approval at the annual shareholder meeting, reflecting adherence to corporate governance practices[118]. - The total number of ordinary shareholders at the end of the reporting period was 9,592, indicating a broad shareholder base[195]. - The largest shareholder, Haoxun Technology Co., Ltd., held a 65.25% stake, amounting to 264,262,500 shares, with a portion of these shares pledged[196]. - The second largest shareholder, Xinjiang Xinan Equity Investment Partnership, held 8.26% of the shares, totaling 33,450,000 shares[196]. - The company has a diverse shareholder structure, with the top ten shareholders holding varying percentages, ensuring stability in ownership[196]. - The financial performance and cash flow of the controlling shareholder, Haoxun Technology Co., Ltd., are reported to be good[198]. - The actual controller has not undergone any changes during the reporting period[200]. Financial Performance - The company achieved operating revenue of CNY 261,993,275.85 in 2014, representing a year-on-year increase of 12.73%[25]. - The net profit attributable to shareholders was CNY 31,460,012.45, a decrease of 46.52% compared to the previous year[25]. - The net cash flow from operating activities increased by 147.72% to CNY 76,335,491.59[25]. - The company's total assets at the end of 2014 were CNY 1,195,202,343.85, up 10.64% from the previous year[25]. - The company reported a significant decline in operating profit, which was CNY 1,962,860.00, down 64.08% year-on-year[32]. - The basic earnings per share decreased by 46.67% to CNY 0.08[25]. - The weighted average return on equity fell to 3.88%, down 3.75% from the previous year[25]. - The company faced challenges due to intensified market competition and economic downturns in upstream industrial enterprises[32]. - The company’s total operating costs for 2014 were ¥120,391,099.55, with direct materials accounting for 40.37% of this total[41]. - The company experienced a significant increase in sales expenses, which rose by 17.68% to ¥34,357,321.01[44]. - The company’s total liabilities and equity structure indicates a solid financial position, with a focus on expanding production capabilities and market reach[36]. Operational and Market Risks - The company faces risks related to the dependency on upstream petrochemical companies for raw materials, which could impact production stability if supply is disrupted[11]. - The company reported a reliance on large-scale petrochemical companies for stable raw material supply, which is essential for its production processes[12]. - Approximately 45% of the company's product sales are to seasonal food and beverage clients, leading to significant seasonal fluctuations in sales performance[16]. - The company has established production bases in multiple locations, including Hunan, Anhui, Guangdong, Fujian, and Hainan, to mitigate risks associated with upstream petrochemical companies' maintenance schedules[12]. - The implementation of fundraising projects may temporarily affect the company's gross profit margin due to initial customer acquisition costs and increased depreciation expenses[15]. - The company has a significant portion of its revenue tied to the carbonated beverage market, which experiences seasonal demand spikes[16]. Research and Development Initiatives - The company is developing a "super high purity CO2 (solid and liquid) purification technology" and aims to industrialize it[54]. - The company plans to utilize carbon dioxide to produce biodegradable plastics and other new materials, extending its reach into high-value downstream chemical industries[54]. - The company has achieved a significant increase in the production efficiency of food-grade liquid carbon dioxide, raising the utilization rate from 76% to 88%[55]. - The company aims to create multiple platforms for industrial transformation, enhancing regional economic development and job creation[55]. - The dynamic pressure purification technology for carbon dioxide increases product purity from 99.95% to 99.999%, significantly reducing energy consumption and enhancing economic benefits[56]. - The company’s food-grade liquid carbon dioxide production method improves recovery rates by at least 3% and reduces consumption by at least 5%, ensuring high product quality[58]. - The high-purity nitrogen and liquid oxygen air separation technology achieves a maximum purity of 99.999% for liquid nitrogen and up to 99.9% for liquid oxygen[59]. - The company has successfully implemented a comprehensive utilization technology for industrial tail gas, producing food-grade carbon dioxide and high-purity hydrogen, contributing to environmental protection[60]. - The advanced distillation technology for argon recovery achieves a purity of over 99.9998% from the tail gas of the air separation unit[60]. - The company has established a research and development team since 2006, collaborating with institutions like Hunan University and Fudan University to innovate CO2 application technologies[63]. - The company is currently researching CO2 capture technologies for power plant flue gas, aiming to develop proprietary processes and key equipment with good market prospects[65]. - The company is exploring CO2 resource utilization, including the development of green industry chain technologies and biodegradable plastics from CO2[66]. - The company plans to introduce advanced international CO2 utilization technologies from countries like Canada and the USA to accelerate industrialization[67]. - The company is focusing on enhancing oil recovery rates using CO2 and researching CO2 storage technology and risk assessment[67]. - The company has been recognized as a high-tech enterprise and has received various project approvals from national and provincial levels since 2005[63]. - The company aims to maintain industry-leading production technology and product quality through continuous innovation and development of high-value-added products[64]. - The company has implemented a strategy of "developing one generation, producing one generation, and reserving one generation" in its R&D approach[63]. - The company has developed new projects utilizing industrial waste gases, including food-grade liquid CO2 production from petrochemical tail gas, which also generates hydrogen, methane, and carbon monoxide as by-products[69]. - The company is actively expanding its product line to include rare gases (helium, neon, krypton, xenon), liquefied natural gas (LNG), and ultra-pure gases, indicating a diversification strategy[69]. - The company employs advanced low-temperature separation technology for producing liquid oxygen and nitrogen, and pressure swing adsorption for methane, carbon monoxide, hydrogen, and other gases, showcasing high technical standards and low investment costs[69]. - The company is focusing on the research and development of ultra-pure gases, achieving purity levels of 6N and 7N for oxygen, nitrogen, and argon, which have broad applications in the semiconductor industry[71]. - The company has established a technical innovation mechanism, increasing R&D investment to support ongoing technological advancements and product diversification[72]. - The company has formed partnerships with several universities and research institutions to enhance its research capabilities and accelerate the development of CO2 utilization technologies[74]. Compliance and Regulatory Matters - The company has been under administrative regulatory measures from the Hunan Securities Regulatory Bureau for delayed and inaccurate disclosures regarding the production halt[164]. - The company has acknowledged regulatory measures from the China Securities Regulatory Commission and has committed to improving compliance and information disclosure practices[168]. - The company has not faced any administrative penalties from environmental protection departments in recent years, indicating compliance with environmental laws and regulations[126]. - The company has a robust internal audit system to ensure compliance with safety and environmental standards, conducting at least one internal audit annually[125]. - The company reported no significant administrative penalties during the reporting period[130]. - The company has not been involved in any major litigation or arbitration matters during the reporting period[134]. - The company has not disclosed any information regarding changes in its equity stakes in other listed companies during the reporting period[199]. Investment and Fundraising Activities - The total amount of raised funds is CNY 48,117 million[83]. - The total amount of raised funds invested during the reporting period is CNY 8,942.77 million[83]. - The cumulative amount of raised funds invested is CNY 45,695.75 million[83]. - The cumulative amount of raised funds with changed purposes is CNY 9,000 million, accounting for 18.70% of the total[83]. - The investment in the establishment of a wholly-owned subsidiary in Hainan is CNY 7,103.44 million, representing 78.93% of the committed investment[86]. - The 20,000-ton liquid argon project has an investment of CNY 7,273.08 million, exceeding the planned investment by 101.02%[86]. - The carbon dioxide engineering technology research center project has an investment of CNY 1,972.02 million, which is 70.43% of the committed investment[86]. - The total investment in committed projects is CNY 8,841.15 million, with a cumulative investment of CNY 16,348.54 million[86]. - The total amount of funds raised for supplementary working capital is CNY 5,101.62 million, exceeding the planned investment by 102.03%[86]. - The total amount of raised funds used, including interest, is 101.02% of the committed investment for the liquid argon project[86]. - The company has ensured that all disclosures related to the use of raised funds are timely, truthful, accurate, and complete, with no violations reported[88]. - The remaining raised funds are stored in a dedicated account, with no misallocation or misuse reported[88]. - The company has adjusted the project implementation methods for certain projects, including an additional investment of RMB 50 million for the hydrogen production facility due to changes in raw material gas loads[87]. - The company established a wholly-owned subsidiary, Hainan Kaimete Gas Co., Ltd., with an investment of 90 million yuan, utilizing 71.03 million yuan of raised funds and 26.93 million yuan of self-raised funds[91]. - The project at Hainan Kaimete is expected to produce 100,000 tons of food-grade carbon dioxide annually, with a total investment of 240.08 million yuan[91]. - The company reported a total of RMB 1.0162 million in interest income from surplus raised funds, which has been used to supplement working capital[88]. - The company has utilized RMB 5.117 million of raised funds for the completion of the Anqing refinery tail gas separation and purification project, which successfully passed trial operations on February 28, 2014[88]. Strategic Partnerships and Collaborations - The company has established partnerships with several universities and research institutions to enhance its research capabilities and accelerate the development of CO2 utilization technologies[74]. - The company has a strategic focus on collaborating with top global petrochemical companies such as Sinopec and Shell to optimize production processes[96]. - The company is actively exploring the feasibility of hydrogen energy vehicles in collaboration with research institutions[135]. Environmental and Safety Compliance - The company has established a comprehensive management system for food safety, adhering to standards stricter than national regulations, and has identified major hazards and control points in its production process[125]. - The company has implemented a series of energy-saving and emission-reduction measures, achieving significant economic and environmental benefits through clean production audits[129]. - The company has achieved safety standardization certifications across multiple facilities, demonstrating its commitment to safety management[128]. - The company has established an emergency response system with over 100 emergency plans to effectively manage incidents such as pressure vessel explosions and fires[128]. - The company actively participates in public welfare initiatives, including funding rural construction and providing scholarships for underprivileged students[129]. - The company emphasizes its main products are derived from industrial waste gases, contributing to energy conservation and environmental protection[135].

Financial Performance - Revenue for the first quarter was CNY 48,229,737.10, an increase of 5.92% compared to CNY 45,532,213.58 in the same period last year[8]. - Net profit attributable to shareholders decreased by 89.35% to CNY 1,052,969.90 from CNY 9,889,505.16 year-on-year[8]. - Net profit excluding non-recurring gains and losses was CNY -46,661.43, a decline of 100.50% compared to CNY 9,370,915.93 in the previous year[8]. - Basic and diluted earnings per share were both CNY 0.0026, a decrease of 89.34% from CNY 0.0244[8]. - The net profit attributable to shareholders for the first half of 2015 is expected to be between 0 and 13.89 million CNY, representing a decrease of 50.00% to 100.00% compared to 27.78 million CNY in the same period of 2014[26]. - The decline in net profit is attributed to the suspension of operations at the wholly-owned subsidiary Changling Kaimeite Gas Co., Ltd. and significant price drops in the market for products from the Anqing Phase II project due to adverse economic conditions[26]. - Increased management expenses during the construction period of the Hainan and Fuzhou projects also contributed to the decline in performance[26]. Cash Flow and Assets - Operating cash flow net amount was CNY 12,167,234.39, down 16.23% from CNY 14,525,120.69 in the same period last year[8]. - Total assets at the end of the reporting period were CNY 1,191,613,659.61, a slight decrease of 0.30% from CNY 1,195,202,343.85 at the end of the previous year[8]. - Cash and cash equivalents at the end of the period were 144.81 million CNY, a decrease of 37.99 million CNY or 20.78% from the beginning of the period, primarily due to reduced funding for the Hainan Kaimete project[16]. - Deferred tax assets at the end of the period were 16.73 million CNY, an increase of 2.58 million CNY or 18.19%, mainly due to increased tax losses at Anqing Kaimete and Changling Kaimete[17]. Shareholder Information - Net assets attributable to shareholders increased by 0.11% to CNY 827,759,052.62 from CNY 826,857,132.61 at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 11,067[12]. - The largest shareholder, Haoxun Technology Co., Ltd., holds 64.51% of the shares, totaling 261,262,500 shares[12]. Liabilities and Expenses - Accounts payable at the end of the period were 40.95 million CNY, a decrease of 13.68 million CNY or 25.04%, primarily due to reduced payable project funds at Hainan Kaimete[17]. - Other current liabilities at the end of the period were 3.94 million CNY, an increase of 2.61 million CNY or 196.23%, mainly due to increased prepayment for raw gas at Anqing Kaimete[17]. - Operating costs for the period were 23.97 million CNY, an increase of 6.69 million CNY or 38.69% compared to the same period last year, primarily due to increased costs of liquefied gas and hydrogen[17]. - Management expenses for the period were 17.71 million CNY, an increase of 4.68 million CNY or 35.88%, mainly due to increased management costs during the setup phase of Hainan and Fujian Kaimete companies[17]. - Financial expenses for the period were 1.19 million CNY, an increase of 864,400 CNY or 268.02%, primarily due to increased interest expenses from loans taken by Hunan Kaimete[18]. Inventory and Receivables - Accounts receivable notes at the end of the period were 4.70 million CNY, an increase of 1.70 million CNY or 56.53%, mainly due to an increase in customers using bank acceptance bills for settlement[16]. - Inventory at the end of the period was 26.49 million CNY, an increase of 5.77 million CNY or 27.87%, primarily due to an increase in inventory goods[16]. - Construction in progress at the end of the period was 177.02 million CNY, an increase of 56.14 million CNY or 46.45%, mainly due to ongoing projects including Hainan Kaimete and CO2 transformation projects[16].