1 湖南凯美特气体股份有限公司 2018 年半年度报告全文 湖南凯美特气体股份有限公司 2018 年半年度报告全文 湖南凯美特气体股份有限公司 2018 年半年度报告 2018 年 07 月 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 湖南凯美特气体股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司提醒投资者认真阅读本报告全文，并特别注意下列风险因素： 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人祝恩福、主管会计工作负责人徐卫忠及会计机构负责人(会计主 管人员)伍细元声明：保证本半年度报告中财务报告的真实、准确、完整。 （一）与上游石化行业共生的风险 所有董事均已出席了审议本报告的董事会会议。 公司主要原材料的采购集中于上游大型石化企业，公司与上游石化行业之间存在一定的经济共生关 系，主要体现在：①公司生产所需的原材料为石化企业生产过程中排放的二氧化碳废气，公司的正常生产 经营受到上游石化企业生产经营情况的制约；同时，根据国家节能减排的产业政策要求和 ...

湖南凯美特气体股份有限公司 2018 年第一季度报告全文 湖南凯美特气体股份有限公司 2018 年第一季度报告 2018 年 04 月 1 湖南凯美特气体股份有限公司 2018 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人祝恩福、主管会计工作负责人徐卫忠及会计机构负责人(会计主 管人员)伍细元声明：保证季度报告中财务报表的真实、准确、完整。 2 湖南凯美特气体股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 114,942,322.51 | 75,410,812.33 | 52.42% | | 归属于上市公司股东的净利润（元） | 18,859,788.51 | 5,24 ...

Financial Performance - The company's operating revenue for 2017 was CNY 428,285,775.30, representing a 58.60% increase compared to CNY 270,047,932.74 in 2016[22]. - The net profit attributable to shareholders for 2017 was CNY 51,887,485.84, a significant increase of 146.01% from CNY 21,091,523.61 in 2016[22]. - The net cash flow from operating activities reached CNY 151,952,160.62, up by 82.73% from CNY 83,154,828.36 in the previous year[22]. - The company achieved a basic earnings per share of CNY 0.0832, which is a 146.15% increase compared to CNY 0.0338 in 2016[22]. - The total assets at the end of 2017 were CNY 1,203,821,794.09, reflecting a 4.06% increase from CNY 1,156,875,630.65 at the end of 2016[22]. - The net profit excluding non-recurring gains and losses for 2017 was CNY 48,116,947.63, marking a 198.92% increase from CNY 16,096,804.65 in 2016[22]. - The company reported a weighted average return on equity of 5.95% for 2017, up from 2.43% in 2016[22]. - The operating profit reached CNY 65.44 million, reflecting a significant growth of 806.21% compared to the previous year[51]. - The company reported a net profit of 54,120,002.42 CNY for the current period, compared to 21,076,340.78 CNY in the previous period, reflecting a significant increase[102]. Dividend Policy - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares based on a total share capital of 623,700,000 shares as of December 31, 2017[5]. - The proposed cash dividend for 2017 is RMB 0.50 per share (including tax), totaling RMB 31,185,000.00, based on a total share capital of 623,700,000 shares[93]. - The cash dividend payout ratio for 2017 is 60.10% of the net profit attributable to shareholders[96]. - The company did not distribute any cash dividends in 2015 and 2016, with the 2016 cash dividend being RMB 1.00 per share, totaling RMB 56,700,000.00[95]. - The company has established a shareholder return plan for 2018-2020, which includes detailed procedures for profit distribution and cash dividends[92]. - The company’s total distributable profit at the end of 2017 was RMB 181,927,294.33, with a capital reserve of RMB 35,292,624.58[98]. - The company has maintained a transparent decision-making process for its cash dividend policy, ensuring the protection of minority shareholders' rights[94]. - The company’s board of directors has proposed the 2017 dividend plan to be submitted for approval at the annual shareholders' meeting[93]. - The company has not proposed any stock dividends for the 2017 fiscal year[95]. Production Capacity and Technology - 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 using chemical tail gas as raw material[32]. - The company has established production capacities for high-purity food-grade liquid carbon dioxide at various locations, including 100,000 tons/year in Anqing and 130,000 tons/year in Huizhou[32]. - The company plans to enhance its production capacity by investing in Hainan and Fujian, which will add 100,000 tons of carbon dioxide capacity annually[32]. - The company has developed a technology that increases the recovery rate of food-grade liquid carbon dioxide by at least 3% and reduces consumption by at least 5%[38]. - The company has achieved a purity level of 99.999% for carbon dioxide products through dynamic pressure reduction technology, significantly lowering energy consumption[36]. - The company has expanded its product offerings to include methane, carbon monoxide, hydrogen, and other gases, meeting diverse market demands[39]. - The company is actively developing new technologies for CO2 resource utilization, including the production of biodegradable plastics and other new materials[46]. Market and Customer Base - Approximately 45% of the company's product sales are to seasonal food and beverage customers, leading to potential fluctuations in sales performance based on seasonal demand[12]. - The company's profitability is closely linked to the economic environment, particularly the prices of liquid gases and hydrocarbons, which are correlated with crude oil prices[12]. - The company diversified its product offerings, including liquid carbon dioxide, dry ice, oxygen, nitrogen, and hydrogen, with liquid carbon dioxide accounting for 40.24% of total revenue[58]. - The company reported a 969.59% increase in revenue from oxygen and nitrogen gases, contributing to the overall growth[58]. - The company's revenue for the ecological protection and environmental governance industry reached ¥427.66 million, representing a year-on-year increase of 58.75%[60]. - The total sales volume in the ecological protection and environmental governance industry was 310,196.18 tons, reflecting a year-on-year growth of 19.75%[61]. Research and Development - The company aims to enhance product diversification and economic efficiency through successful R&D transformation, creating multiple industrialization platforms[37]. - Research and development efforts include enhancing the purity of food-grade carbon dioxide and optimizing liquid air separation processes[68]. - Research and development (R&D) investment increased by 34.20% to CNY 21.48 million in 2017, while the proportion of R&D investment to operating revenue decreased to 5.02% from 5.93%[69]. - The company has established a CO2 comprehensive utilization engineering technology research center, focusing on technology innovation and high-value product development[44]. - The company is engaged in research on CO2 capture and purification technologies, including capturing CO2 from flue gas and simplifying carbon capture processes to reduce costs[46]. Environmental Commitment - The company is committed to environmental protection and has developed technology for purifying and liquefying greenhouse gases, contributing to carbon reduction efforts[128]. - The company has achieved significant reductions in flue gas emissions through its proprietary technology, contributing to resource utilization and environmental protection[40]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations, ensuring no violations occurred during the reporting period[180]. - The company maintains complete independence from its controlling shareholder in terms of business, assets, personnel, organization, and finance, with no competition or dependency issues[182]. - The company has an independent financial accounting department and a complete financial decision-making system, ensuring no interference from the controlling shareholder[184]. - The independent directors' suggestions have been adopted, contributing to improved internal control and decision-making processes[189]. - The audit committee held 4 meetings in 2017 and reviewed the company's financial reports and internal audit reports[191]. Shareholder Information - As of December 31, 2017, the actual controller holds 71.28% of the company's shares, which may influence decision-making and affect minority shareholders' interests[9]. - The largest shareholder, Haoxun Technology Co., Ltd., holds 64.51% of the shares, totaling 402,344,250 shares[153]. - The total number of ordinary shareholders at the end of the reporting period was 24,490, compared to 24,283 at the end of the previous month[152]. - The actual controller of the company is Zhu Enfu, who is also the chairman of Haoxun Technology Co., Ltd.[156]. Employee and Management Structure - The company employed a total of 537 staff, with 154 in the parent company and 383 in major subsidiaries[174]. - The professional composition of employees includes 182 production personnel, 102 sales personnel, and 115 technical personnel[174]. - The company has a strong management team with diverse expertise, including finance, engineering, and production management[165][167]. - The management team includes professionals with significant academic and practical experience in their respective fields[166][167]. Investment and Projects - The company has completed the construction of the carbon dioxide engineering technology research center project, which is now in the process of final acceptance[80]. - The project for the establishment of Hainan Kaimete Gas Co., Ltd. has a total investment of CNY 90 million, with actual cumulative investment reaching CNY 96.79 million, achieving 107.55% of the planned investment by September 30, 2016[83]. - The company has fully utilized all raised funds by December 31, 2017, with no remaining balance in the fundraising accounts[82]. - The company plans to conduct a major asset restructuring involving the acquisition of Shenzhen Xixi Network Technology Co., Ltd. and Shenzhen Songte High-tech Industrial Co., Ltd.[148].

Financial Performance - The company's operating revenue for Q1 2018 was ¥114,942,322.51, representing a 52.42% increase compared to ¥75,410,812.33 in the same period last year[8] - Net profit attributable to shareholders for Q1 2018 reached ¥18,859,788.51, a significant increase of 259.47% from ¥5,246,497.32 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,290,062.72, up 334.21% from ¥3,981,983.50 year-on-year[8] - Basic earnings per share for Q1 2018 were ¥0.0302, a 259.52% increase compared to ¥0.0084 in the previous year[8] - The net profit attributable to shareholders for the first half of 2018 is expected to increase by 180.00% to 230.00%, ranging from CNY 36.99 million to CNY 43.60 million[23] Cash Flow and Assets - The net cash flow from operating activities was ¥34,103,797.76, reflecting a 28.41% increase from ¥26,559,537.11 in the same period last year[8] - Total assets at the end of the reporting period were ¥1,216,018,640.14, a slight increase of 1.01% from ¥1,203,821,794.09 at the end of the previous year[8] - Net assets attributable to shareholders at the end of the reporting period were ¥894,896,211.07, up 2.23% from ¥875,359,955.15 at the end of the previous year[8] - Cash and cash equivalents at the end of the period were CNY 165.85 million, a decrease of CNY 46.27 million or 21.81% from the beginning of the period, primarily due to cash outflows from fixed asset purchases and financial products[16] - Inventory at the end of the period was CNY 20.25 million, an increase of CNY 4.77 million or 30.79% from the beginning of the period, primarily due to an increase in finished goods[16] - Prepayments at the end of the period were CNY 6.44 million, an increase of CNY 2.38 million or 58.55% from the beginning of the period, mainly due to increased prepayments for road tolls and raw materials[17] - Other current assets at the end of the period were CNY 135.72 million, an increase of CNY 33.48 million or 32.74% from the beginning of the period, primarily due to an increase in bank time deposits[16] Operating Costs and Revenue - Operating revenue for the period was CNY 114.94 million, an increase of CNY 39.53 million or 52.42% compared to the same period last year, driven by increased sales volume of 13,746.96 tons from various subsidiaries[18] - Operating costs amounted to CNY 66.85 million, up CNY 23.80 million or 55.30% from the previous period, mainly due to the increase in operating revenue[18] Other Income and Gains - The company reported non-recurring gains of ¥1,569,725.79 during the reporting period[9] - The company reported an investment income of CNY 0.30 million, a 100% increase from the previous period, attributed to gains from the disposal of financial assets[18] - The company received CNY 0.56 million in non-operating income, an increase of 83.21% from the previous period, mainly due to compensation from suppliers[19] Certifications and Recognition - The company was re-certified as a high-tech enterprise, allowing it to continue enjoying tax benefits for three years[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,283[12] - The weighted average return on equity for Q1 2018 was 2.13%, an increase of 1.54% compared to 0.59% in the same period last year[8]

Financial Performance - Operating revenue for the reporting period was ¥127,990,973.05, representing a year-on-year increase of 93.26%[8] - Net profit attributable to shareholders was ¥12,773,375.88, a significant increase of 199.16% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,492,725.09, up 305.68% year-on-year[8] - The net cash flow from operating activities was ¥43,850,378.79, reflecting a 196.18% increase compared to the same period last year[8] - Basic earnings per share reached ¥0.0205, an increase of 201.47% year-on-year[8] - The weighted average return on net assets was 1.44%, up 0.94% from the previous year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,584[12] - The largest shareholder, Haoxun Technology Co., Ltd., holds 64.51% of the shares, amounting to 402,344,250 shares[12] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,194,221,347.06, an increase of 3.23% compared to the end of the previous year[8] - Accounts receivable at the end of the period amounted to 11.22 million yuan, an increase of 5.35 million yuan, or 91.04%, mainly due to an increase in customers using bank acceptance bills for settlement[16] - Inventory at the end of the period was 11.81 million yuan, an increase of 4.30 million yuan, or 57.27%, primarily due to an increase in inventory goods[16] - Short-term borrowings at the end of the period were 130 million yuan, an increase of 80 million yuan, or 160.0%, mainly due to increased bank loans by Hunan Kaimete[16] - Other payables at the end of the period were 10.33 million yuan, an increase of 3.94 million yuan, or 61.59%, primarily due to increased performance bonds by Hainan Kaimete[16] Operating Costs and Expenses - Operating costs for the period were 175.75 million yuan, an increase of 71.22 million yuan, or 68.13%, attributed to increased costs corresponding to the revenue growth from subsidiaries[17] - Financial expenses for the period were 2.80 million yuan, an increase of 2.90 million yuan, or 3,017.17%, mainly due to the cessation of capitalizing interest on project loans[18] - Asset impairment losses for the period were 8.22 million yuan, an increase of 7.09 million yuan, or 626.74%, primarily due to impairment provisions made by Changling Kaimete[18] - Income tax expenses for the period were 5.83 million yuan, an increase of 1.53 million yuan, or 35.65%, due to an increase in taxable income corresponding to profit growth[18] Future Plans and Expectations - The company plans to establish an electronic specialty gas subsidiary with a total investment of 309.75 million yuan, funded by 40% from the company and 60% through bank loans[19] - The net profit attributable to shareholders for 2017 is expected to range from 42.18 million to 52.73 million RMB, representing a growth of 100% to 150% compared to 2016's net profit of 21.09 million RMB[23] Operational Insights - The stable growth of carbon dioxide products from the main company and subsidiaries has contributed to the positive performance, with production in Fujian and Hainan now operational[23] - The second phase of Anqing Kaimete's products is recovering in volume and price due to the continuous rise in international oil prices[23] Compliance and Investigations - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[21] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company has no violations regarding external guarantees during the reporting period[24] - The company has not faced any issues related to the fair value measurement of financial assets during the reporting period[24] - The company is under investigation by the Xinjiang Securities Regulatory Bureau for insider trading, with a penalty of 40,000 RMB imposed on the involved party[23] Share Trading - The company has successfully lifted the trading restrictions on 64,834 shares, accounting for 0.01% of the total share capital, effective from July 20, 2017[23]

Corporate Governance and Shareholding - As of June 30, 2017, Haoxun Technology holds 64.51% of the company's shares, with the actual controller, Mr. Zhu Enfu, controlling 71.28% of the shares[8] - The total number of shares is 567,000,000, with 99.43% being unrestricted shares[113] - The controlling shareholder of Hunan Kaimete Gas Co., Ltd. remains unchanged during the reporting period[116] - The company has not sold any major assets or equity during the reporting period[71][72] - The company has not issued any preferred shares during the reporting period[119] - The number of shares held by the largest shareholder, Haoxun Technology Co., Ltd., is 365,767,500, representing 64.51% of total shares[115] - The second largest shareholder, Xinjiang Xinan Equity Investment Partnership, holds 34,188,000 shares, accounting for 6.03%[115] - There were no changes in the positions of directors, supervisors, and senior management during the reporting period[121] Financial Performance - The company's operating revenue for the reporting period was ¥176,299,196.27, representing a 49.75% increase compared to ¥117,729,948.27 in the same period last year[25] - The net profit attributable to shareholders was ¥13,210,993.74, a significant increase of 145.70% from ¥5,376,904.72 in the previous year[25] - The net profit after deducting non-recurring gains and losses reached ¥11,416,431.40, marking a 314.45% increase from ¥2,754,583.44 year-on-year[25] - The net cash flow from operating activities was ¥53,840,560.90, up 45.30% from ¥37,053,565.13 in the same period last year[25] - The company achieved operating revenue of CNY 176.30 million in the first half of 2017, representing a 49.75% increase compared to the same period last year[40] - Operating profit reached CNY 13.03 million, a significant increase of 1152.10% year-on-year[40] - The company reported a cash balance of RMB 144,930,125.60 at the end of the period, an increase from RMB 105,959,643.86 at the beginning of the period, representing a growth of approximately 36.7%[129] - The company reported a net profit of approximately 13.21 million, indicating a growth of 6.5% year-over-year[156] Investment and Capital Expenditure - The company has committed a total investment of CNY 9,000 million for the establishment of a wholly-owned subsidiary in Hainan, with actual investment reaching CNY 9,679.75 million, achieving 107.55% of the committed amount[63] - The liquid argon project has a total investment commitment of CNY 7,200 million, with actual investment of CNY 7,273.08 million, representing 101.02% of the committed amount[64] - The carbon dioxide engineering technology research center project has a total investment commitment of CNY 2,800 million, with actual investment of CNY 2,911.09 million, achieving 103.97% of the committed amount[64] - The company has allocated CNY 5,101.61 million for supplementary working capital, achieving 102.03% of the committed amount of CNY 5,000 million[64] - The company has successfully completed the project for the separation and purification of tail gas, utilizing CNY 51.17 million of raised funds and CNY 16.1 million from self-raised funds[66] - The total investment for the Hainan project is planned at CNY 240.08 million, with CNY 90 million sourced from raised funds[66] Operational Performance and Market Position - The company has established production bases in multiple locations, including Yueyang, Anqing, Huizhou, Quanzhou, and Yangpu, to mitigate risks from upstream petrochemical companies' maintenance shutdowns[7] - Approximately 45% of the company's products are sold to seasonal food and beverage customers, leading to seasonal sales fluctuations[12] - The company has maintained stable product quality and has seen a gradual increase in market share due to high purity and stable quality of its main products[35] - 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[35] - The company is focusing on the development of new methods for CO2 capture and the recycling of petrochemical waste gases[38] - The company plans to develop and industrialize ultra-pure CO2 purification technology and new materials using CO2, aiming for domestic leadership in these technologies[39] Risks and Challenges - The company acknowledges potential risks from upstream petrochemical companies affecting raw material supply and pricing[7] - The company is subject to risks associated with changes in tax policies that could impact its production operations[10] - The implementation of fundraising investment projects may temporarily affect the company's gross profit margin due to initial customer acquisition and increased depreciation costs[11] - The company emphasizes the importance of maintaining stable production during peak sales seasons to ensure annual profitability[12] Cash Flow and Financial Management - The total cash inflow from investment activities was CNY 70,232,978.39, compared to CNY 38,640,189.51 in the previous period, indicating an increase of about 82%[146] - The net cash flow from investment activities was CNY 9,822,372.17, a significant recovery from a negative cash flow of CNY 77,215,265.69 in the previous period[146] - The net cash flow from financing activities was negative at CNY -22,062,562.35, improving from a larger negative cash flow of CNY -62,784,178.40 in the previous period[146] - The company reported a net increase in cash and cash equivalents of CNY 41,600,369.96, contrasting with a decrease of CNY -102,945,878.31 in the previous period[146] Compliance and Regulatory Matters - The semi-annual report for Hunan Kaimete Gas Co., Ltd. for 2017 was not audited[85] - There were no major litigation or arbitration matters during the reporting period[86] - The company did not engage in any significant related party transactions during the reporting period[91] - The company reported no major contracts or leasing situations during the reporting period[96] - The company has not experienced any penalties or rectification situations during the reporting period[88] - The company has not reported any major guarantees during the reporting period[100] - The total approved guarantee amount at the end of the reporting period is 25,000, with an actual guarantee balance of 6,500[102] Environmental and Social Responsibility - The company has no significant environmental protection issues and is not listed as a key pollutant discharge unit[105] - The company has not conducted any poverty alleviation work or plans for such initiatives during the reporting period[104]

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].