关于举办2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江仁智股份有限公司 为便于广大投资者进一步了解公司 2022 年年度经营业绩、发展战略等情况， 公司定于 2023 年 4 月 7 日（星期五）下午 15:00 至 17:00 时在"价值在线" （www.ir-online.cn）举办仁智股份 2022 年度业绩网上说明会，与投资者进行 沟通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 证券代码：002629 证券简称：仁智股份 公告编号：2023-021 浙江仁智股份有限公司（以下简称"公司"或"仁智股份"）已于 2023 年 3 月 20 日在巨潮资讯网（http://www.cninfo.com.cn/）上披露了《2022 年年度报 告》及《2022 年年度报告摘要》（公告编号 2023-018）。 四、联系人及咨询办法 联系人：王 晶、祝思颖 电话：0755-8320 0949 会议召开时间：2023 年 4 月 7 日（星期五）15:00-17:00 会议召开地点：价值在线（www. ...

Revenue and Profitability - Revenue for Q3 2022 reached ¥63,938,438.21, an increase of 118.60% year-on-year[5] - Net profit attributable to shareholders was ¥28,375,738.34, a significant increase of 591.62% compared to the same period last year[5] - Basic earnings per share rose to ¥0.07, reflecting a 600.00% increase year-on-year[5] - Total operating revenue for Q3 2022 reached ¥127,330,426.47, an increase of 40.0% compared to ¥90,979,323.55 in the same period last year[18] - The company reported a net profit of ¥20,695,583.53 for Q3 2022, compared to a net loss of ¥12,534,409.64 in the previous year[18] - The net profit for the third quarter of 2022 was ¥19,544,864.02, a significant improvement compared to a net loss of ¥12,522,958.32 in the same period last year, marking a turnaround of approximately 256%[20] - The total comprehensive income for the period was ¥19,544,864.02, compared to a total comprehensive loss of ¥9,602,919.36 in the previous year[20] - Basic and diluted earnings per share for the quarter were both ¥0.05, recovering from a loss of ¥0.03 per share in the same quarter last year[20] Assets and Liabilities - Total assets decreased by 28.17% from the end of the previous year, amounting to ¥260,055,523.90[5] - The total assets as of September 30, 2022, amounted to ¥260,055,523.90, down from ¥362,019,982.23 at the beginning of the year[17] - Current assets increased to ¥221,897,570.76 from ¥202,000,507.36 at the start of the year, reflecting a growth of 9.4%[17] - The company's total liabilities decreased to ¥227,513,649.21 from ¥355,180,767.99, a reduction of 36.0%[17] - The equity attributable to shareholders increased to ¥33,542,397.07 from ¥7,831,834.85, showing a significant improvement[17] Cash Flow - Cash flow from operating activities showed a significant decline of 616.38%, totaling -¥86,500,046.19[5] - Operating cash flow for the period was negative at -¥86,500,046.19, worsening from -¥12,074,640.78 year-over-year, indicating increased cash outflows[22] - Cash inflows from operating activities totaled ¥93,556,324.22, down 13.3% from ¥107,895,383.63 in the previous year[22] - The company reported cash outflows from operating activities of ¥180,056,370.41, which is an increase of 50% compared to ¥119,970,024.41 in the same period last year[22] - The net cash flow from investing activities was positive at ¥56,458,631.01, a significant recovery from a negative cash flow of -¥64,599.00 in the previous year[22] - The net cash flow from financing activities was positive at ¥6,964,328.35, compared to a negative cash flow of -¥14,246,269.94 in the same period last year[23] - The company’s cash and cash equivalents at the end of the period stood at ¥79,368,929.67, an increase from ¥75,828,744.28 year-over-year[23] - The company's cash and cash equivalents decreased to ¥79,843,619.26 from ¥102,979,730.81, a decline of 22.5%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,746[10] - The largest shareholder, Tibet Hanlai Electronic Technology Partnership, holds 81,387,013 shares, accounting for 18.64% of the total shares[10] - The company has issued a total of 24.7 million restricted stock options to 11 key personnel, with a grant price of 1.82 RMB per share[14] - The restricted stock options were registered with the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., and are set to be listed on September 21, 2022[14] - The company has not disclosed any financing or margin trading activities involving its top ten shareholders[10] - The company’s stock voting rights have been entrusted to Pingda New Materials Co., Ltd. until November 30, 2023[10] - The company has not identified any related party relationships among its shareholders[10] - The company has no preferred shareholders or related matters to report[11] Expenses and Investments - Operating income for the year-to-date period increased by 39.96% to ¥127,330,426.47[5] - The company experienced a 343.87% increase in selling expenses, attributed to increased market expansion efforts[9] - Other income increased by 1477.81%, primarily due to higher government subsidies received[9] - Research and development expenses for Q3 2022 were ¥1,499,561.32, compared to ¥1,173,117.74 in the same period last year, indicating a 27.8% increase[18] - The company experienced a 100% decrease in long-term equity investments, indicating the termination of certain equity investments[8]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥63,391,988.26, representing a 2.69% increase compared to ¥61,730,410.87 in the same period last year[20]. - The net loss attributable to shareholders was ¥8,822,972.55, which is a 30.71% increase in loss compared to ¥6,749,848.58 in the previous year[20]. - The net cash flow from operating activities was -¥25,324,550.32, a 40.49% decline from -¥18,025,357.45 in the same period last year[20]. - The basic earnings per share decreased by 31.25% to -¥0.021 from -¥0.016 in the previous year[20]. - Total assets at the end of the reporting period were ¥244,015,340.43, down 32.60% from ¥362,019,982.23 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 72.88% to ¥2,123,751.88 from ¥7,831,834.85 at the end of the previous year[20]. - The company reported a significant increase in non-recurring gains, including ¥2,502,896.10 from the disposal of non-current assets[24]. - The company faced a 70.57% increase in net profit loss after deducting non-recurring gains, amounting to -¥10,441,061.09 compared to -¥6,121,408.80 in the previous year[20]. - The weighted average return on net assets was -177.25%, a decrease of 155.70% compared to -21.55% in the previous year[20]. Revenue and Costs - The operating cost increased by 6.59%, amounting to ¥59,329,700.26, up from ¥55,663,836.09 in the same period last year[35]. - Sales expenses surged by 69.43%, reaching ¥1,653,414.87, primarily due to increased market expansion costs[35]. - Revenue from organic chemical raw materials manufacturing increased by 30.87% to CNY 38,849,601.38, while revenue from oil and gas extraction decreased by 19.95% to CNY 24,273,550.76[39]. - Total operating costs rose to ¥73,298,789.27, up from ¥72,018,003.47, indicating a year-over-year increase of 1.77%[136]. Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of CNY -6,482,139.31, an improvement of 69.46% compared to CNY -21,224,320.23 in the previous period[39]. - The company reported a significant increase in cash outflows for operating activities, totaling 76,812,269.26 CNY in 2022 compared to 88,691,429.44 CNY in 2021[143]. - Total cash inflow from investment activities was 56,620,700.00 CNY, significantly higher than 28,510.00 CNY in the first half of 2021, reflecting improved investment recovery[144]. - The net cash flow from financing activities was -37,651,578.99 CNY, compared to -3,138,452.78 CNY in the previous year, showing increased cash outflows related to financing[144]. Subsidiaries and Business Segments - The subsidiary Mianyang Renzhi Industrial Development Co., Ltd. reported a net profit of 3,063,366, contributing significantly to the overall profit[56]. - The subsidiary Sichuan Renzhi Petrochemical Technology Co., Ltd. achieved a net profit of 1,359,882, indicating strong performance in the oil equipment sector[56]. - The subsidiary Sichuan Renzhi New Materials Technology Co., Ltd. reported a net loss of 4,441,289, highlighting challenges in the new materials segment[56]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company approved a restricted stock incentive plan to grant a total of 24.7 million shares to 11 key personnel at a price of 1.82 yuan per share[69]. - The largest shareholder, Tibet Hanlai Electronic Technology Partnership (Limited Partnership), holds 19.76% of the shares and has delegated voting rights to Pingda New Materials Co., Ltd. until November 30, 2023[117]. - The top ten shareholders include Tibet Hanlai, which has pledged 81,387,010 shares, and has a frozen status on the same number of shares[118]. Legal and Regulatory Matters - The company is facing ongoing litigation primarily related to commercial acceptance bill disputes, which could impact cash flow if not resolved favorably[60]. - The company received a public reprimand for related party fund occupation and failure to disclose financial assistance matters[85]. - The company has not engaged in any derivative investments during the reporting period[50]. Environmental and Social Responsibility - The company actively participated in poverty alleviation efforts by purchasing local agricultural products, contributing to the economic development of Anshang Village[73]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[73]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[73]. Future Plans and Strategies - The company plans to actively expand into new materials such as environmentally friendly high-performance recycled materials and composite materials to enhance profitability[57]. - The company aims to improve operational efficiency by implementing new management strategies in the upcoming fiscal year[151]. - The company is exploring market expansion opportunities in Southeast Asia to diversify its revenue streams[151]. - The company has initiated a strategic review for potential mergers and acquisitions to strengthen its market position[150].

Financial Performance - The company's operating revenue for Q1 2022 was ¥24,019,344.98, representing a 5.66% increase compared to ¥22,733,441.08 in the same period last year[4] - The net profit attributable to shareholders was -¥5,291,100.09, a decrease of 2.33% from -¥5,170,412.87 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 24,019,344.98, an increase of 5.64% compared to CNY 22,733,441.08 in Q1 2021[20] - Net loss for Q1 2022 was CNY 5,293,389.99, compared to a net loss of CNY 5,171,593.78 in the same period last year, indicating a slight increase in losses[21] - Operating profit for Q1 2022 was CNY -4,401,822.89, slightly worse than the operating profit of CNY -4,215,535.23 in Q1 2021[21] - Total operating costs decreased to CNY 28,413,154.42 from CNY 30,320,243.02, representing a reduction of 6.29%[20] - Basic and diluted earnings per share remained at CNY -0.013 for both Q1 2022 and Q1 2021, reflecting consistent loss per share[22] Cash Flow - The net cash flow from operating activities improved by 42.96%, reaching -¥15,636,001.61 compared to -¥27,412,275.51 in the previous year[5] - Cash flow from operating activities was CNY 22,092,183.23, up from CNY 18,524,075.27 in the previous year, showing an increase of 19.5%[24] - The total cash outflow from operating activities was 38,123,023.91, compared to 47,277,832.26 in the previous year, showing a decrease[25] - The cash inflow from operating activities totaled 22,487,022.30, compared to 19,865,556.75 in the previous year[25] - The company experienced a significant increase in cash outflow for paying debts, which was 24,868,000.00 compared to 4,680,000.00 in the previous year[26] - Total cash inflow from financing activities was 10,033,244.14, while cash outflow was 27,722,296.00, resulting in a net cash flow of -27,722,296.00[26] - The cash and cash equivalents at the end of the period amounted to 59,083,068.89, down from 79,598,342.33 in the previous year[26] Assets and Liabilities - Total assets decreased by 10.99% to ¥322,244,698.37 from ¥362,019,982.23 at the end of the previous year[5] - Total liabilities decreased to CNY 320,655,928.26 from CNY 355,180,767.99, a reduction of 9.71%[18] - Shareholders' equity attributable to the parent company dropped by 67.01%, amounting to ¥2,583,680.62 compared to ¥7,831,834.85 at the end of the previous year[5] - The company's equity attributable to shareholders decreased to CNY 2,583,680.62 from CNY 7,831,834.85, a decline of 67.1%[18] - The total current assets decreased from CNY 202,000,507.36 at the beginning of the year to CNY 163,096,853.08 by the end of the first quarter, representing a decline of approximately 19.2%[15] - Cash and cash equivalents dropped from CNY 102,979,730.81 to CNY 59,616,827.54, a decrease of about 42.1%[16] Operational Changes - Management expenses decreased by 35.58% year-on-year, attributed to lower intermediary fees related to non-public stock issuance projects[8] - The company reported a 202.88% increase in notes receivable compared to the beginning of the period, primarily due to the recovery of commercial bills[7] - Contract liabilities surged by 3466.69%, indicating a significant increase in customer prepayments[8] - The company experienced a 431.37% increase in cash outflows for debt repayment, reflecting the settlement of principal and interest as per litigation agreements[8] - The company reported an increase in prepayments from CNY 2,071,092.77 to CNY 4,064,032.58, which is an increase of approximately 96.3%[16] - The total non-current assets remained stable at CNY 122,932,847.87[16] Strategic Initiatives - The company is involved in a significant asset restructuring, planning to transfer 36,291,991 shares of a rural commercial bank as part of its strategic adjustments[12] - The company signed a share transfer agreement with Guangdong Haihua Investment Group, indicating ongoing strategic partnerships and asset management efforts[13] - The company has engaged in a non-public offering of shares, which was approved by the board in December 2021, to enhance its capital structure[14] - The first major shareholder, Tibet Hanlai Electronic Technology Partnership, holds 19.76% of the voting rights, indicating a concentrated ownership structure[12] Legal and Compliance Issues - The company is currently involved in litigation related to a loan dispute, which may impact its financial stability, although the outcome remains uncertain[14] - The company did not conduct an audit for the first quarter report[27]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[20]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[20]. - The company's operating revenue for 2021 was CNY 125,991,249, representing a 16.69% increase compared to CNY 107,969,651 in 2020[22]. - The net profit attributable to shareholders was a loss of CNY 26,405,509, a decrease of 79.75% from a profit of CNY 28,970,179 in the previous year[21]. - The cash flow from operating activities was a negative CNY 41,799,202, marking a 104.01% decline from CNY 62,199,956 in 2020[21]. - The basic earnings per share were CNY -0.064, a decrease of 77.78% from CNY 0.070 in 2020[21]. - Total assets at the end of 2021 were CNY 362,019,982, a decrease of 4.64% from CNY 379,635,694 at the end of 2020[21]. - The company reported a negative net profit margin, with the lowest net profit after deducting non-recurring gains and losses being negative[22]. - The company achieved a total operating revenue of 125,991,249.43 yuan in 2021, representing a year-on-year increase of 16.69%[46]. - The company reported a significant increase in cash outflows from financing activities, which rose by 681.24% to ¥23,501,452.19[64]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[20]. - The company aims to achieve a revenue target of RMB 1.5 billion for the fiscal year 2022, reflecting a growth target of 25%[20]. - The company is expanding its market presence, targeting a 10% increase in market share in the next fiscal year[120]. - The company plans to enter two new international markets in 2022, with an expected revenue contribution of 100 million RMB from these expansions[119]. - A strategic acquisition is planned, with an estimated investment of 300 million RMB to enhance product offerings and market reach[121]. Research and Development - The company plans to invest RMB 200 million in research and development for new products and technologies in 2022[20]. - Research and development expenses decreased by 31.84% to ¥1,670,284.21, primarily due to reduced spending in oil service business research[60]. - The company’s R&D investment decreased by 31.84% to ¥1,670,284.21 in 2021 from ¥2,450,707.29 in 2020, representing 1.33% of operating revenue[63]. - The company plans to invest 50 million yuan in R&D for new technologies over the next two years to drive innovation[124]. - Research and development expenditures increased by 30% in 2021, totaling 150 million RMB, to support new technology initiatives[116]. Governance and Compliance - The company has extended its voting rights agreement with major shareholders until November 30, 2023, ensuring stable governance[20]. - The company ensures accurate, timely, and fair information disclosure, designating specific newspapers and websites for this purpose, including China Securities Journal and Shanghai Securities Journal[105]. - The company maintains independent operations in business, personnel, assets, institutions, and finance, ensuring no interference from controlling shareholders[109]. - The company has a complete and independent financial institution, with a robust accounting system and independent decision-making capabilities[110]. - The company has established a fair, transparent, and effective performance evaluation and incentive mechanism for senior management, with a basic annual salary plus performance assessment policy[104]. Risks and Challenges - The management highlighted potential risks including market competition and regulatory changes that could impact future performance[6]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[20]. - The company faces risks from potential future pandemics or natural disasters that could disrupt operations and market conditions[93]. - The company has a risk of unstable control due to the judicial freeze of 19.76% of shares held by a major shareholder, which may affect future control dynamics[90]. - The company is currently involved in multiple pending lawsuits, which could adversely impact its financial condition if not resolved favorably[92]. Employee and Internal Control - The company has established a comprehensive internal control system that has been effectively executed, with no significant internal control deficiencies reported[147]. - The company conducted regular market salary surveys to adjust and improve its compensation management policies based on employee performance[142]. - The company plans to enhance employee training programs, including corporate culture training and industry qualification training, to improve overall employee quality and work efficiency[144]. - The total number of employees at the end of the reporting period was 122, with 16 in the parent company and 106 in major subsidiaries[139]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[154]. Legal Matters - The company is involved in a commercial bill dispute with a claim amount of ¥14,677.08 million, which is expected to impact current and future profits[183]. - A second-instance judgment has been made in a case involving a supply chain management company, with a claim amount of ¥3,204.85 million, which will not affect the company's profits[184]. - The company has recognized a provision related to a lawsuit, with a claim amount of ¥9,677.08 million, which is currently under appeal[184]. - The company has faced criticism for not adhering to financial review procedures and disclosure obligations regarding related party transactions[187]. - The company has acknowledged the need for improved internal controls following regulatory scrutiny[187].

Revenue and Profitability - Revenue for the third quarter reached ¥29,955,623.23, an increase of 54.13% year-over-year, and cumulative revenue for the year-to-date was ¥92,571,121.58, up 78.15% compared to the same period last year[3] - Net profit attributable to shareholders was -¥1,407,406.69, a decrease of 86.20% year-over-year, with a cumulative net profit of -¥8,250,154.05, down 63.57% year-over-year[3] - Basic and diluted earnings per share were both -¥0.003, reflecting an 85.00% increase in loss per share compared to the same period last year[3] - Operating income increased by 78.15% year-over-year, attributed to continued expansion in the new materials and oil service sectors[8] - Operating profit was reported at -¥5,492,257.79, an improvement from -¥13,857,550.93 in the previous year[21] - Net profit for the quarter was -¥8,251,380.59, compared to -¥22,649,428.03 in the same period last year, indicating a reduction in losses[21] - The total comprehensive income attributable to the parent company was -5,330,115.09 CNY, compared to -22,648,844.26 CNY in the previous period[22] - The basic and diluted earnings per share were both -0.02 CNY, an improvement from -0.05 CNY in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥330,317,273.74, a decrease of 12.85% from the end of the previous year[3] - Total assets decreased to ¥330,317,273.74 from ¥379,023,083.69 year-over-year[18] - Current assets totaled ¥173,323,238.24, down from ¥217,819,470.17 at the end of the previous year[16] - Long-term equity investments slightly decreased to ¥119,363,269.22 from ¥122,932,847.87[16] - Current liabilities decreased to ¥291,692,801.88 from ¥338,701,827.89 year-over-year[18] - Total liabilities amounted to CNY 346,850,241.99, with current liabilities at CNY 338,701,827.89[30] - Non-current liabilities totaled CNY 8,148,414.10, including lease liabilities of CNY 4,341,351.71[30] - Owner's equity attributable to shareholders was CNY 33,170,194.47, while total owner's equity stood at CNY 32,172,841.70[30] - The company reported an accumulated deficit of CNY -497,001,582.65 in undistributed profits[30] Cash Flow - Cash flow from operating activities showed a net outflow of -¥12,074,640.78, reflecting a 29.94% increase in cash outflow compared to the previous year[3] - Cash inflow from operating activities totaled 107,895,383.63 CNY, up from 78,479,964.70 CNY in the previous period[25] - Cash outflow from operating activities was 119,970,024.41 CNY, compared to 95,714,825.53 CNY in the previous period[25] - The net cash flow from operating activities was -12,074,640.78 CNY, an improvement from -17,234,860.83 CNY in the previous period[25] - The net cash flow from investing activities was -64,599.00 CNY, down from 2,665,900.11 CNY in the previous period[25] - The net cash flow from financing activities was -14,246,269.94 CNY, compared to -2,150,876.79 CNY in the previous period[26] - The ending cash and cash equivalents balance was 75,828,744.28 CNY, compared to 72,448,731.93 CNY at the end of the previous period[26] - The company’s cash and cash equivalents decreased by 57.81% year-over-year, primarily due to repayments related to litigation settlements and bank loans[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 18,174[10] - The largest shareholder, Tibet Hanlai Electronic Technology Partnership, holds 19.76% of the shares, totaling 81,387,013 shares[10] - The company has not disclosed any related party relationships among the top shareholders[10] - The company has not participated in any margin financing activities among the top ten shareholders[10] - The company has not reported any preferred shareholders as applicable[11] Major Transactions and Events - The company plans to transfer 36,291,991 shares of San Tai Rural Commercial Bank as part of a major asset restructuring announced on June 29, 2021[11] - The board approved the major asset sale and related proposals on October 15, 2021, with a temporary shareholders' meeting scheduled for November 1, 2021[11] - The company has completed the transfer of a 35% stake in Sichuan Zhijie Natural Gas Chemical Co., which was previously held by its subsidiary[13] - As of September 30, 2021, the company has repaid 5 million yuan of a 17 million yuan loan, leaving a balance of 12 million yuan[14] - The company is currently in the process of renewing the loan with San Tai Rural Commercial Bank[14] Inventory and Operating Costs - The company reported a significant increase in inventory, up 49.55%, due to proactive expansion of its main business operations[7] - Operating costs rose by 103.81% year-over-year, primarily due to a substantial increase in raw material procurement costs and labor expenses[8] - Total operating costs amounted to ¥107,319,973.69, compared to ¥72,283,075.41 in the same period last year[20] Audit and Reporting - The report for the third quarter was not audited, indicating potential limitations in the reliability of the financial data presented[31] - Other comprehensive income after tax amounted to ¥2,920,038.96, reflecting positive adjustments in the financial statements[21]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥62,615,498.35, representing a 92.51% increase compared to ¥32,526,109.27 in the same period last year[20]. - The net profit attributable to shareholders was -¥6,842,747.36, an improvement of 45.05% from -¥12,452,372.67 year-on-year[20]. - The basic earnings per share were -¥0.02, showing a 33.33% improvement from -¥0.03 in the same period last year[20]. - Total operating revenue for the first half of 2021 reached ¥62,615,498.35, a significant increase of 92.5% compared to ¥32,526,109.27 in the same period of 2020[152]. - The net loss for the first half of 2021 was ¥6,843,947.00, an improvement from a net loss of ¥12,452,938.25 in the first half of 2020[154]. - The total comprehensive loss for the first half of 2021 was ¥5,163,627.26, compared to a loss of ¥12,452,938.25 in the same period of 2020[155]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥18,025,357.45, a decline of 70.22% compared to -¥10,589,239.42 in the previous year[20]. - Cash received from operating activities totaled ¥69,157,563.07, reflecting a 63.00% increase compared to the previous year[42]. - The total cash inflow from financing activities was 8,500,425.22 CNY, while the cash outflow was 11,638,878.00 CNY, resulting in a net cash flow of -3,138,452.78 CNY[163]. - The total cash and cash equivalents at the end of the period amounted to 80,989,933.77 CNY, down from 102,214,254.00 CNY at the beginning of the period[163]. Assets and Liabilities - The total assets at the end of the reporting period were ¥362,549,194.78, down 4.35% from ¥379,023,083.69 at the end of the previous year[20]. - The total liabilities at the end of the current period were CNY 28,167 million[169]. - The company's total liabilities decreased from CNY 346,850,241.99 to CNY 335,379,936.59, a decrease of around 3.4%[146]. - The total owner's equity decreased from CNY 32,172,841.70 to CNY 27,169,258.19, a decline of about 15.6%[147]. Operational Highlights - Operating costs increased by 122.65% to ¥55,663,836.09 from ¥25,000,973.34, primarily due to rising raw material prices and increased revenue[40]. - Research and development investment rose by 26.22% to ¥882,945.60 from ¥699,544.13, reflecting the company's commitment to enhancing its product offerings[41]. - The company has established a comprehensive sales network for new materials, covering various sectors including plastics, automotive, and electronics[31]. - The company has a strong competitive advantage in modified plastics, supported by increased R&D investment and a high-quality technical team[33]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[76]. - The company reported a total of 19,020 shareholders at the end of the reporting period[130]. Legal and Compliance Issues - The company is facing risks related to unstable control and ongoing litigation, which could adversely affect its financial condition[66][67]. - The company reported a litigation amount of 14,677,000 CNY related to commercial bills, with no expected liability formed[94]. - The company has recognized estimated liabilities related to ongoing litigation, with a total of 9,677,080 CNY involved in a contract dispute[94]. Future Plans and Strategies - The company plans to expand into high-performance recycled materials and composite materials to enhance profitability[64]. - A major asset sale is planned to alleviate financial pressure and support long-term sustainable development[65]. - The company plans to transfer 36,291,991 shares of San Tai Rural Commercial Bank as part of a major asset restructuring announced on June 29, 2021[116]. Accounting and Reporting - The financial statements for the first half of 2021 were approved by the board of directors on July 19, 2021[182]. - The semi-annual financial report has not been audited[91]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial reports accurately reflect its financial status and operational results[187].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[12]. - The company's operating revenue for 2020 was ¥108,573,372.59, an increase of 12.12% compared to ¥96,836,816.77 in 2019[19]. - The net profit attributable to shareholders for 2020 was -¥15,291,361.30, a decrease of 152.78% from ¥30,960,179.23 in 2019[19]. - The basic earnings per share for 2020 was -¥0.037, down 152.86% from ¥0.075 in 2019[19]. - The company reported a total of ¥5,039,463.38 in non-operating income from the disposal of non-current assets in 2020[25]. - The company reported a total revenue of 300 million yuan for the year 2020, reflecting a year-on-year increase of 15%[106]. - User data indicated a growth in active users by 20% compared to the previous year, reaching 1.2 million active users[106]. Investment and Development - The company plans to invest RMB 200 million in research and development for new products and technologies in 2021[12]. - Research and development expenses increased by 59.23% to ¥2,450,707.29, primarily due to increased investment in new materials development[57]. - R&D investment increased by 59.23% from 1,539,116.22 CNY in 2019 to 2,450,707.29 CNY in 2020, representing 2.26% of operating revenue[59]. - The number of R&D personnel rose by 12.50% from 8 to 9, increasing their proportion in the workforce from 5.84% to 6.52%[59]. - Investment in new product development increased by 25% in 2020, focusing on innovative technologies in the oil service sector[106]. Market Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2022[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[106]. - A strategic acquisition of a local competitor is under consideration, which could enhance the company's service capabilities and market reach[106]. Financial Challenges and Risks - The company identified potential risks including market competition and regulatory changes that could impact future performance[5]. - The company has acknowledged accounting errors leading to restatements of previous financial data, impacting its reported profits and cash flows[19]. - The company has faced significant operational challenges due to COVID-19, impacting procurement, production, and sales activities[97]. - The company has recognized the need for sustainable development amid ongoing economic challenges and aims to enhance its operational performance[92]. - The company’s overall business scale remains small, and its profitability is weak, necessitating strategic improvements to meet growth expectations[93]. Legal and Compliance Issues - The company is currently involved in multiple pending lawsuits, which could adversely affect its financial condition if outcomes are unfavorable[96]. - The company is under administrative scrutiny from the regulatory authority regarding the aforementioned loan transaction[108]. - The company faced penalties from the China Securities Regulatory Commission for various violations, including a fine of 300,000 yuan for failing to disclose commercial acceptance bill matters[129]. - The company has ongoing mediation in several contract disputes, with amounts involved being 26.19 million yuan and 25.8 million yuan, respectively[128]. - The company is actively involved in legal proceedings that may affect its financial stability and market reputation[128]. Sustainability and Environmental Practices - The company has maintained its commitment to sustainability and is implementing eco-friendly practices in its operations[12]. - The company’s wastewater treatment facility has a daily processing capacity of 360 cubic meters after a technical upgrade in 2015, with a total investment of 9.06 million RMB[165]. - The company has implemented a pollution source automatic monitoring system at its wastewater treatment facility since August 2015[170]. - The company’s emissions of major pollutants from its subsidiaries are within the prescribed limits, with no instances of exceeding discharge standards reported[164]. - The company actively engages with stakeholders to balance interests and promote sustainable development[161]. Shareholder and Corporate Governance - No cash dividends will be distributed to shareholders for the fiscal year 2020[6]. - The company has not distributed any cash dividends for the years 2018, 2019, and 2020, maintaining a 0.00% dividend payout ratio[102]. - The company’s controlling shareholder, Xizang Hanlai, holds 19.76% of shares under judicial freeze, posing a risk to the stability of control[94]. - The company has not reported any changes in its actual controller during the reporting period[196]. - The company has not experienced any changes in its controlling shareholder during the reporting period[192].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[12]. - The company's operating revenue for 2020 was ¥108,573,372.59, an increase of 12.12% compared to ¥96,836,816.77 in 2019[19]. - The net profit attributable to shareholders for 2020 was -¥15,291,361.30, a decrease of 152.78% from ¥30,960,179.23 in 2019[19]. - The basic earnings per share for 2020 was -¥0.037, down 152.86% from ¥0.075 in 2019[19]. - The net cash flow from operating activities for 2020 was -¥20,488,520.21, a decline of 132.94% compared to ¥62,199,956.23 in 2019[19]. - The company reported a net profit of 28,970,179.23 RMB for the year 2019, but a net loss of 15,291,361.30 RMB for 2020, resulting in a total accumulated undistributed profit of -497,001,582.65 RMB[101]. - The company reported a total revenue of 300 million yuan for the year 2020, reflecting a year-on-year increase of 15%[106]. User Growth and Market Strategy - User data showed a growth of 30% in active users, reaching 1.5 million by the end of 2020[12]. - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2022[12]. - The company plans to actively expand into new materials such as high-performance recycled materials and composite materials to enhance profitability, but faces risks from market competition and management capabilities[93]. - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[108]. Research and Development - The company plans to invest RMB 200 million in research and development for new products and technologies in 2021[12]. - The company established a strong competitive advantage in modified plastics through increased R&D investment[35]. - R&D investment increased by 59.23% from 1,539,116.22 CNY in 2019 to 2,450,707.29 CNY in 2020, representing 2.26% of operating revenue[59]. - The number of R&D personnel rose by 12.50% from 8 to 9, with the proportion of R&D staff increasing from 5.84% to 6.52%[59]. - Research and development efforts have led to the introduction of two new products in the market, expected to contribute an additional 50 million yuan in revenue[106]. Financial Challenges and Risks - The company is facing potential risks including market competition and regulatory changes, which may impact future performance[5]. - The company has acknowledged accounting errors leading to restatements of previous financial data, impacting its reported profits and cash flows[19]. - The company is exposed to risks from potential future outbreaks of COVID-19 or other natural disasters that could impact operations[97]. - The company has multiple pending lawsuits related to commercial acceptance bills, sales contracts, and loan agreements, which could adversely affect its financial condition if not resolved favorably[96]. - The company’s overall business scale is small, and its profitability is weak, which may hinder future growth and expansion efforts[93]. Legal and Regulatory Issues - The company faced penalties from the China Securities Regulatory Commission for fictitious business entries in the 2017 annual report, resulting in a fine of 300,000 yuan[129]. - The company has ongoing mediation in several contract disputes, with amounts involved being 26.19 million yuan and 25.8 million yuan, respectively[130]. - The company is currently under scrutiny for its financial practices, which may affect its market reputation and future operations[129]. - The company has recognized estimated liabilities related to ongoing legal cases, which will be confirmed in the annual audit[125]. Sustainability and Environmental Practices - The company has maintained its commitment to sustainability and is implementing eco-friendly practices in its operations[12]. - The company’s wastewater treatment facility has a daily processing capacity of 360 cubic meters after a technical upgrade in 2015, with a total investment of 9.06 million RMB[165]. - The company has implemented a pollution source automatic monitoring system at its wastewater treatment facility since August 2015[170]. - The company has complied with environmental regulations and has received necessary approvals from local environmental protection agencies for its projects[168]. Shareholder and Ownership Structure - The controlling shareholder's stake (19.76%) is under judicial freeze, posing a risk to the stability of the company's control[94]. - The largest shareholder, Tibet Hanlai Electronic Technology Partnership, holds 19.76% of the shares, with a total of 81,387,013 shares, which are pledged and frozen[190]. - The company has not experienced any changes in its controlling shareholder during the reporting period[192]. - The company has not engaged in any repurchase transactions during the reporting period[190]. Future Outlook and Strategic Initiatives - The company plans to continue strict internal management and promote steady development of its oil service business while expanding the new materials segment in 2021[87]. - The company aims to enhance overall profitability by actively developing new high-value-added businesses and increasing production and sales scale[88]. - The company is committed to exploring new development opportunities to achieve sustainable growth in the future[92].

Financial Performance - The company's operating revenue for Q1 2021 was ¥23,150,585.99, representing a 199.68% increase compared to ¥7,725,059.41 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥5,242,022.75, an improvement of 14.75% from a loss of ¥6,149,215.36 in the previous year[7]. - The basic earnings per share were reported at -¥0.013, a decrease of 30.00% from -¥0.01 in the same period last year[7]. - The company's operating profit was reported at -¥4,287,145.11, slightly better than -¥4,593,431.57 from the last period[47]. - The total comprehensive loss for the current period was -¥4,998,114.65, an improvement from -¥6,149,455.62 in the prior period[48]. - The net loss for the current period was ¥5,243,203.66, an improvement from a net loss of ¥6,149,455.62 in the previous period[47]. Cash Flow - The net cash flow from operating activities was negative at ¥27,412,275.51, a decline of 151.42% compared to negative ¥10,902,962.07 in the same period last year[7]. - Cash outflow from operating activities totaled CNY 47,277,832.26, up 48.1% from CNY 31,909,573.09 in the previous period[55]. - Cash inflow from financing activities was CNY 10,033,244.14, with net cash flow from financing activities at CNY 4,861,612.84, compared to CNY -392,246.40 previously[56]. - Operating cash inflow for the current period was CNY 19,865,556.75, a decrease of 5.4% from CNY 21,006,611.02 in the previous period[55]. - The parent company reported a net cash flow from operating activities of CNY 4,962,357.18, improving from CNY -1,115,942.66 previously[57]. Assets and Liabilities - The total assets at the end of the reporting period were ¥362,503,042.56, down 4.36% from ¥379,023,083.69 at the end of the previous year[7]. - Total liabilities decreased to CNY 335,289,351.90 from CNY 346,850,241.99, a decline of about 3.4%[39]. - The total equity attributable to shareholders decreased to CNY 28,212,224.34 from CNY 33,170,194.47, a drop of approximately 15.0%[40]. - The company's total assets decreased to CNY 362,503,042.56 from CNY 379,023,083.69, a decline of about 4.4%[38]. - The total liabilities and equity combined were CNY 379,023,083.69[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,553[10]. - The largest shareholder, Tibet Hanlai Electronic Technology Partnership, holds 19.76% of the shares, with a total of 81,387,013 shares[10]. Operational Changes - Operating costs increased by 284.82% year-on-year, attributed to the expansion of the main business and the reclassification of transportation costs under the new revenue standards[14]. - Accounts receivable increased by 555.40% compared to the beginning of the period, mainly due to the recovery of customer payments in the form of commercial bills during the reporting period[14]. - Contract liabilities increased by 247.16% compared to the beginning of the period, mainly due to an increase in customer prepayments[14]. Legal and Compliance - The company has ongoing legal disputes with Jiangsu Eastwell Supply Chain Management Co., Ltd., including a contract dispute that has been in litigation since 2018, with a settlement agreement signed in 2020[20]. - The company reported that it has no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[26]. - There were no violations regarding external guarantees during the reporting period[30]. Government Support - The company received government subsidies amounting to ¥3,300.00 during the reporting period[8]. - Other income decreased by 94.17% year-on-year, mainly due to a reduction in government subsidies received[14]. Research and Development - The company reported a significant increase in research and development expenses, totaling ¥323,124.69, compared to ¥378,978.89 in the previous period[46].