Revenue and Profit - The company's revenue for Q1 2022 reached ¥5,149,060,455.78, representing a 229.71% increase compared to ¥1,561,681,383.49 in the same period last year[4] - Net profit attributable to shareholders was ¥1,497,921,285.53, a significant increase of 422.19% from ¥286,855,117.10 year-over-year[4] - Operating profit for Q1 2022 was CNY 1,869,592,588.14, compared to CNY 359,273,542.92 in Q1 2021, indicating an increase of about 420%[15] - Net profit for Q1 2022 was CNY 1,529,096,615.73, compared to CNY 292,049,178.82 in the same period last year, indicating an increase of about 423%[15] - The company reported a total profit of ¥1,869,640,680.72 for the current period, compared to ¥358,205,518.26 in the previous period, indicating a growth of approximately 422%[35] Cash Flow - The net cash flow from operating activities was ¥567,330,812.03, up 163.38% from ¥215,406,891.93 in Q1 2021[4] - The net cash flow from operating activities was 567,330,812.03 CNY, an increase from 215,406,891.93 CNY in the previous year[38] - The total cash outflow from operating activities amounted to 1,896,211,662.19 CNY, compared to 525,966,749.21 CNY in the same period last year[38] - The net cash flow from investing activities was -977,853,832.71 CNY, a decline from -206,086,447.70 CNY year-over-year[38] - The net cash flow from financing activities was 146,606,438.53 CNY, compared to 130,972,798.41 CNY in the same period last year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,268,458,456.00, reflecting a 17.05% increase from ¥13,899,180,424.37 at the end of the previous year[4] - The company's total liabilities increased to CNY 7,360,259,520.24 from CNY 6,529,316,159.56, marking an increase of about 13%[13] - The total current assets reached ¥11,052,380,932.80, up from ¥9,251,653,334.36[11] - The total liabilities of the company were CNY 7.36 billion, compared to CNY 6.53 billion in the previous year, marking an increase of around 12.6%[32] - The total owner's equity increased to CNY 8.91 billion, compared to CNY 7.37 billion in the previous year, indicating a growth of approximately 20.7%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 115,772[8] - Xu Jinfeng holds 36.27% of the shares, amounting to 349,123,524 shares[8] - The top ten shareholders include Hong Kong Central Clearing Limited with a 7.93% stake, holding 76,292,680 shares[8] Research and Development - The company reported a 210.44% increase in R&D expenses, totaling ¥174,428,071.95, to maintain technological advantages[7] - Research and development expenses for Q1 2022 were CNY 174,428,071.95, significantly higher than CNY 56,187,421.59 in Q1 2021, showing an increase of approximately 210%[14] Inventory and Receivables - The company reported a 39.50% increase in inventory, amounting to ¥1,746,100,120.06, to meet production needs[6] - Accounts receivable increased to ¥3,597,843,641.77 from ¥3,385,530,015.39[11] - Inventory has risen to ¥1,746,100,120.06 compared to ¥1,251,640,153.37 in the previous period[11] - The total cash inflow from financing activities totaled 376,504,882.28 CNY, up from 327,778,623.17 CNY in the previous year[38] Financial Ratios - The weighted average return on equity rose to 18.97%, up from 8.13% in the previous year[4] - The total liabilities to equity ratio as of Q1 2022 was approximately 0.83, compared to 0.89 in Q1 2021, indicating a slight improvement in financial leverage[13] Taxation - The company reported a tax expense of CNY 340,544,064.99 for Q1 2022, compared to CNY 66,156,339.44 in the same period last year, reflecting an increase of approximately 415%[15] - The company paid 623,411,000.84 CNY in taxes, significantly higher than 98,604,434.10 CNY in the same period last year[38] Other Financial Metrics - Basic earnings per share increased to ¥1.57, a 406.45% rise compared to ¥0.31 in the previous year[4] - The company's cash and cash equivalents amount to ¥2,159,896,174.04, an increase from ¥2,147,824,420.60[11] - The company's financial expenses decreased by 50.81% to ¥7,192,499.95, mainly due to increased interest income[27] Audit Status - The report for the first quarter was not audited[40]

Financial Performance - The company's operating revenue for 2021 was approximately ¥11.09 billion, representing a 169.26% increase compared to ¥4.12 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥2.21 billion, a 314.42% increase from ¥532.87 million in 2020[17]. - The net cash flow from operating activities for 2021 was approximately ¥2.05 billion, up 223.59% from ¥632.46 million in 2020[17]. - The basic earnings per share for 2021 was ¥2.35, reflecting a 305.17% increase compared to ¥0.58 in 2020[17]. - The total assets at the end of 2021 were approximately ¥13.90 billion, a 131.25% increase from ¥6.01 billion at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥7.16 billion, an increase of 111.37% from ¥3.39 billion at the end of 2020[18]. - The company achieved a weighted average return on equity of 40.92% in 2021, an increase of 23.43 percentage points from 17.49% in 2020[17]. - In 2021, the company achieved a revenue of CNY 11,090,801,692.82, representing a year-on-year growth of 169.26%[46]. - The net profit attributable to shareholders reached CNY 2,208,337,176.26, with a year-on-year increase of 314.42%[46]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 2.05 billion for the year, compared to CNY 1.24 billion in the previous year, indicating a growth of 65.5%[21]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares (including tax) and to increase capital by converting reserves, issuing 10 additional shares for every 10 shares held[4]. - The total distributable profit for the company was 1,217,334,213.18 CNY, with cash dividends accounting for 100% of the profit distribution[167]. - The minimum proportion of cash dividends in profit distribution is set at 20% due to the company's growth stage[167]. - The company plans to review its shareholder dividend return plan at least every three years, considering feedback from shareholders and independent directors[164]. - The company has established a shareholder dividend return plan that emphasizes cash dividends as the primary method of profit distribution[164]. Market Strategy and Growth - The company plans to continue expanding its market presence and investing in new technologies and products to sustain growth[11]. - The company has a strong focus on lithium-ion battery materials, which are critical for the growing electric vehicle market[11]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its competitive position in the industry[11]. - The company is actively developing sodium-ion battery technology and establishing a corresponding product platform to enhance competitiveness in the industry[35]. - The company is focusing on high-performance lithium-ion battery materials and plans to establish a green recycling industry chain for battery materials[112]. - The company aims to expand its market share in the lithium-ion battery materials sector by increasing international orders, particularly from Tesla's supply chain[114]. Research and Development - The company has a mature research and development platform for lithium-ion battery electrolytes, with 42 core technical personnel and multiple patents related to electrolyte additives and lithium-ion batteries[34]. - Research and development expenses increased by 124.63% year-on-year, totaling ¥378,171,883.04, to maintain the company's technological advantage[63]. - The company has several ongoing R&D projects, including high-energy density lithium iron phosphate electrolyte and sodium-ion battery electrolyte, aimed at enhancing competitiveness in the market[64]. - The company is enhancing its research and development capabilities for electrolyte materials, aiming to maintain its position as the world's leading supplier[111]. - The company is collaborating with universities and suppliers to enhance research capabilities in electrolyte development and production efficiency[115]. Environmental and Social Responsibility - The company achieved a 100% compliance rate in its self-monitoring plan for environmental emissions[188]. - The company has implemented a new emergency response plan for environmental incidents, filed with the local ecological environment bureau[190]. - The company actively participates in social responsibility activities, including a donation of 1 million yuan to the Red Cross for educational support in Lake Kou County[195]. - The company has not faced any major accidents or legal violations during the reporting period, reflecting a strong commitment to EHS (Environment, Health, and Safety) management[193]. - The company has established a comprehensive governance framework to enhance internal controls and risk management[183]. Governance and Management - The board of directors has ensured the accuracy and completeness of the annual report, with all directors present for the meeting[3]. - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations while protecting shareholder rights[122]. - The board of directors consists of 9 members, including 4 independent directors and 5 non-independent directors, complying with relevant laws and regulations[124]. - A total of 17 board meetings were held during the reporting period, with all directors attending and fulfilling their responsibilities[124]. - The company has established a dedicated audit department to strengthen internal controls and ensure compliance with regulations[128]. Employee Management and Development - The total number of employees at the end of the reporting period was 4,020, with 536 in the parent company and 3,484 in major subsidiaries[159]. - The company has a total of 173 employees with a master's degree or above, and 568 with a bachelor's degree, indicating a strong educational background among staff[159]. - The annual training plan focuses on enhancing employee skills to meet the rapid business development needs, with various specialized training programs implemented[161]. - The company has established a dual career development path for employees, enhancing internal mobility and skill development[160]. - The company emphasizes a competitive internal salary policy to attract and retain talent, aligning with market standards and internal fairness[160]. Investment and Capital Management - The company has raised a total of CNY 224,074.79 million through non-public stock offerings, with CNY 110,915.75 million utilized by the end of the reporting period[81]. - The company has a remaining balance of CNY 53,674.63 million in raised funds, which are held in a special account[81]. - The company completed the acquisition of Anhui Yisheng Environmental Technology Co., Ltd. for a total consideration of CNY 13,500,000, fully funded by its own capital[76]. - The company has invested CNY 277,098,524.50 in a 150,000-ton lithium battery material project, with a cumulative actual investment of CNY 293,955,435.58, achieving 67.41% project progress[78]. - The company has a total of CNY 687,719,558.70 invested in various lithium-ion battery material projects, with a cumulative actual investment of CNY 772,727,697.31[79].

Revenue and Profitability - Revenue for Q3 2021 reached ¥2,923,578,986.04, an increase of 165.10% year-over-year[4] - Net profit attributable to shareholders was ¥770,988,555.94, up 273.00% compared to the same period last year[4] - Basic earnings per share (EPS) was ¥0.81, reflecting a growth of 268.18% year-over-year[4] - Operating revenue for the first nine months of 2021 reached ¥6,623,025,300.84, a 145.70% increase compared to ¥2,695,561,133.69 in the same period of 2020[9] - Total revenue for Q3 2021 reached ¥6,623,025,300.84, a significant increase from ¥2,695,561,133.69 in the same period last year, representing a growth of approximately 145.5%[16] - Operating profit for Q3 2021 was ¥1,877,446,288.86, compared to ¥580,117,883.07 in Q3 2020, indicating an increase of about 223.5%[16] - The total profit for Q3 2021 was approximately ¥1.91 billion, a significant increase from ¥577.27 million in the same period last year, representing a growth of 230.5%[40] - The net profit attributable to the parent company was approximately ¥1.55 billion, compared to ¥518.37 million in Q3 2020, marking an increase of 199.5%[40] Assets and Liabilities - Total assets increased to ¥10,895,724,124.07, representing an 81.28% increase from the end of the previous year[4] - Current liabilities totaled ¥3,782,870,957.96, compared to ¥2,096,552,904.14 in the same quarter last year, marking an increase of about 80.5%[14] - The company's total liabilities amounted to ¥4,111,959,001.57, compared to ¥2,474,661,464.44 in the previous year, reflecting an increase of approximately 66.1%[14] - Non-current assets reached ¥3,836,698,238.91, an increase from ¥3,188,852,513.94 year-over-year, representing a growth of approximately 20.3%[14] - The company's total assets as of September 30, 2021, included cash and cash equivalents of ¥1,940,341,796.50, a significant increase from ¥311,561,327.02 at the end of the previous month[12] Cash Flow - Cash flow from operating activities for the year-to-date was ¥988,982,638.89, up 103.03% compared to the previous year[4] - Cash flow from operating activities for Q3 2021 was approximately ¥988.98 million, compared to ¥487.12 million in the previous year, indicating an increase of 103%[20] - Cash flow from investing activities showed a net outflow of approximately ¥891.89 million in Q3 2021, compared to a net outflow of ¥237.82 million in Q3 2020[21] - Cash flow from financing activities for Q3 2021 was approximately ¥1.54 billion, a significant increase from a net outflow of ¥60.14 million in the same period last year[21] Expenses and Costs - Operating costs increased by 155.37% to ¥4,042,557,658.50, primarily due to increased sales volume and raw material prices[9] - The total operating costs for Q3 2021 were ¥4,634,010,208.29, compared to ¥2,045,404,019.10 in the same period last year, indicating an increase of approximately 126.5%[16] - Research and development expenses rose by 83.52% to ¥215,358,593.83, reflecting the company's commitment to maintaining technological advantages[9] - The company's income tax expenses surged by 233.74% to ¥269,353,859.94, attributed to profit growth[9] Shareholder Equity - Shareholders' equity attributable to the parent company rose to ¥6,534,590,256.45, a 93.00% increase year-over-year[4] - The equity attributable to shareholders of the parent company was ¥6,534,590,256.45, up from ¥3,385,861,771.64 in the same quarter last year, representing a growth of about 93.4%[14] Other Income and Gains - The company recorded a total of ¥26,668,617.89 in non-recurring gains for the current period[6] - The company reported a significant increase in other income, which rose by 177.97% to ¥22,708,325.20, mainly due to increased government subsidies[9] Financial Activities - The company’s financing activities generated ¥1,536,405,249.99, a dramatic increase of 2654.78% compared to the previous year[9] - The company experienced a significant increase in contract liabilities, which rose to ¥852,866,793.25, a 4383.59% increase due to pre-received customer payments[31] Compliance and Audits - The company did not undergo an audit for the Q3 2021 report[23] - The company did not adjust the balance sheet items at the beginning of the year under the new leasing standards, indicating compliance with the new regulations[45]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[9]. - The company's operating revenue for the reporting period reached ¥3,699,446,314.80, representing a 132.27% increase compared to the same period last year[13]. - Net profit attributable to shareholders was ¥782,700,199.19, up 151.13% year-on-year[13]. - The net profit after deducting non-recurring gains and losses was ¥766,102,160.74, reflecting a 146.48% increase compared to the previous year[13]. - The net cash flow from operating activities was ¥718,783,070.04, an increase of 172.35% from the same period last year[13]. - The company's net profit for the first half of 2021 reached CNY 813,462,643.23, a significant increase from CNY 293,984,663.31 in the same period of 2020, representing a growth of approximately 176.5%[123]. - The total profit for the first half of 2021 was CNY 983,967,422.13, compared to CNY 341,573,383.63 in the first half of 2020, indicating an increase of approximately 187.3%[123]. Market Expansion and Product Development - User data indicates a growing customer base, with over 500 new clients acquired in the first half of 2021, contributing to a 30% increase in market penetration[9]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2021, indicating a projected growth rate of 20% compared to 2020[9]. - New product development includes the launch of a lithium-ion battery electrolyte, which is expected to capture a 15% market share within the next two years[9]. - The company is expanding its market presence by entering Southeast Asia, with plans to establish a manufacturing facility in Vietnam by the end of 2022[9]. - A strategic acquisition of a 60% stake in a local lithium supplier is underway, aimed at securing raw material supply and reducing production costs[9]. - The company is focusing on expanding its skincare and cleansing markets, as well as investing in special chemicals R&D to enhance product innovation and capacity[24]. Research and Development - The company has invested 100 million RMB in R&D for new silicone materials, targeting applications in the automotive and electronics sectors[9]. - Research and development investment rose by 59.78% to CNY 119,833,335.28, reflecting increased wages and material inputs for R&D[32]. - The company is focusing on enhancing its research and development capabilities to innovate new technologies[137]. Financial Health and Investments - The total assets at the end of the reporting period amounted to ¥10,138,497,776.52, a 68.68% increase from the end of the previous year[13]. - The company's cash and cash equivalents increased to ¥2,115,350,540.31, representing 20.86% of total assets, mainly due to funds raised from a private placement[39]. - The company reported a significant increase in investment, totaling ¥229,992,875.32, an 88.63% rise from ¥121,931,038.91 in the previous year[43]. - The company has invested a total of approximately CNY 261.13 million in the lithium battery materials project, with a completion rate of 39.40%[45]. Risk Management - The management has identified potential risks including raw material price volatility and regulatory changes, with mitigation strategies in place[3]. - The company faces risks related to policy changes in the lithium-ion battery materials industry, which could impact sales and revenue due to subsidy adjustments[51]. - The company is actively managing raw material price fluctuations by signing long-term procurement agreements to stabilize production costs[54]. - The company is closely monitoring foreign exchange fluctuations as its overseas business expands, implementing hedging tools to manage currency risk[56]. Environmental and Social Responsibility - The company has implemented high-standard management practices for product quality, achieving certifications such as EfFCI GMP and IATF16949[29]. - The company has increased its environmental protection investments to comply with stricter government standards, which may raise production costs and impact profitability[57]. - The company established the "Tian Ci Love Mutual Aid Foundation" to assist employees facing economic difficulties due to illness[76]. - The company donated 1 million yuan to the Hong Kong Red Cross for educational assistance in local middle schools[75]. Corporate Governance and Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[62]. - The company has implemented an employee stock option and restricted stock plan, granting a total of 4.1387 million stock options and 5.081 million restricted shares[63]. - The company’s shareholding structure includes 30.73% of restricted shares and 69.27% of unrestricted shares[95]. - The company reported no significant changes in the number of shares held by major shareholders during the reporting period[106]. Financial Reporting and Compliance - The semi-annual financial report was not audited, indicating that the figures presented are preliminary and subject to change[114]. - The financial statements were approved by the board on August 20, 2021, reflecting the company's financial status as of June 30, 2021[152]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports are true and complete[156].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,561,681,383.49, representing a 197.47% increase compared to ¥524,980,320.84 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2021 reached ¥286,855,117.10, a significant increase of 591.15% from ¥41,504,117.44 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥283,592,947.81, up 592.88% from ¥40,929,779.55 year-on-year[3]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.53, a 562.50% increase from ¥0.08 in the previous year[3]. - The weighted average return on equity rose to 8.13%, an increase of 6.65 percentage points from 1.48% in the same period last year[3]. - The company reported a net profit of CNY 1,953,855,745.18, up from CNY 1,667,000,628.08, indicating a growth of 17.19%[27]. - The net profit for Q1 2021 reached CNY 292,049,178.82, up from CNY 39,547,887.52 in Q1 2020, reflecting a growth of approximately 638.5%[32]. - The total comprehensive income for the period was CNY 295,972,079.91, compared to CNY 33,819,205.71 in the previous year, showing an increase of about 775%[78]. Cash Flow - The net cash flow from operating activities was ¥215,406,891.93, reflecting a 130.51% increase compared to ¥93,446,753.19 in the same period last year[3]. - Cash flow from operating activities totaled ¥215,406,891.93, a substantial rise from ¥93,446,753.19 in the prior period[39]. - The company reported a net cash inflow from financing activities of CNY 42,819,612.78 in Q1 2021, compared to a net outflow of CNY 85,764,588.95 in the same period last year[42]. - Operating cash inflow totaled CNY 741,373,641.14, an increase from CNY 382,423,397.98 in the previous period, representing a growth of 93.9%[83]. - Net cash flow from operating activities reached CNY 215,406,891.93, compared to CNY 93,446,753.19 in the prior period, indicating a significant increase of 130.5%[83]. - Cash outflow from investing activities amounted to CNY 206,089,897.70, up from CNY 49,500,318.54, reflecting a rise of 316.5%[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,790,476,579.92, a 12.98% increase from ¥6,010,469,031.69 at the end of the previous year[3]. - Total liabilities increased to CNY 2,958,696,932.76 from CNY 2,474,661,464.44, representing a rise of 19.56%[26]. - The company's total equity reached CNY 3,831,779,647.16, up from CNY 3,535,807,567.25, reflecting an increase of 8.38%[27]. - The total liabilities increased to ¥1,308,277,340.40 from ¥1,201,190,605.38, marking a rise of approximately 8.9%[30]. - The company's total assets as of March 31, 2021, were CNY 6,790,476,579.92, compared to CNY 6,010,469,031.69, indicating a growth of 12.93%[27]. Research and Development - Research and development expenses surged by 118.01% to ¥56,187,421.59, reflecting the company's commitment to maintaining its technological advantage[14]. - Research and development expenses for Q1 2021 were CNY 56,187,421.59, significantly higher than CNY 25,772,421.75 in the same quarter last year, representing an increase of about 118.5%[31]. - Research and development expenses increased to CNY 17,929,456.26 from CNY 10,169,960.46, representing a growth of approximately 76%[79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,638[6]. - Net assets attributable to shareholders increased to ¥3,676,639,789.83, up 8.59% from ¥3,385,861,771.64 at the end of the previous year[3]. - The estimated net profit attributable to shareholders for the period is projected to be between RMB 65,000,000 and RMB 75,000,000, representing an increase of 108.55% to 140.63% compared to the same period last year[64]. Market and Sales Performance - Revenue for Q1 2021 reached ¥1,561,681,383.49, a significant increase of 197.47% compared to ¥524,980,320.84 in Q1 2020, primarily due to higher sales of lithium-ion battery electrolyte products[57]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]. - The company’s gross margin improved due to increased self-supply rate of raw materials for lithium-ion battery electrolyte products, driven by strong market demand[64].

Financial Performance - The company's operating revenue for 2020 was ¥4,119,046,395.55, representing a 49.53% increase compared to ¥2,754,589,624.70 in 2019[13]. - The net profit attributable to shareholders in 2020 was ¥532,871,488.05, a significant increase of 3,165.21% from ¥16,319,676.03 in 2019[13]. - The net cash flow from operating activities reached ¥632,457,691.55, compared to a negative cash flow of -¥18,408,019.80 in 2019, marking a 3,535.77% improvement[13]. - Basic earnings per share for 2020 were ¥0.98, up 3,166.67% from ¥0.03 in 2019[13]. - The total assets at the end of 2020 were ¥6,010,469,031.69, reflecting a 12.77% increase from ¥5,329,642,855.46 at the end of 2019[13]. - The net assets attributable to shareholders increased by 21.43% to ¥3,385,861,771.64 at the end of 2020, compared to ¥2,788,297,066.31 at the end of 2019[13]. - The weighted average return on equity for 2020 was 17.49%, a significant increase from 0.57% in 2019[13]. - The total operating revenue for 2020 reached CNY 4,119,046,395.55, representing a 49.53% increase compared to CNY 2,754,589,624.70 in 2019[51]. - Revenue from lithium-ion battery materials accounted for 64.57% of total revenue, amounting to CNY 2,659,796,390.88, which is a 56.63% increase from CNY 1,698,119,566.18 in the previous year[51]. Dividend Policy - The company plans to distribute a cash dividend of 2 RMB (including tax) for every 10 shares, along with a bonus share distribution of 7 shares (including tax) based on a total of 546,129,449 shares[3]. - The cash dividend for 2020 represents 20.50% of the net profit attributable to shareholders, while the 2019 cash dividend was 168.05% of the net profit[129]. - The company has established a dividend policy that ensures cash dividends are prioritized, with a minimum cash dividend ratio of 20% during significant capital expenditure phases[126]. - The total cash dividends distributed over the past three years were 34,270,268.10 CNY in 2018, 27,425,864.45 CNY in 2019, and 109,225,889.80 CNY in 2020[129]. - The total distributable profit available for dividends is 1,667,000,628.08 CNY, ensuring that the dividend distribution does not exceed this amount[130]. Business Operations and Market Position - The company's main business focuses on the research, production, and sales of fine chemical new materials, primarily lithium-ion battery materials, daily chemical materials, and specialty chemicals[21]. - The company maintained a leading market share in the lithium-ion battery materials sector, benefiting from the recovery of the electric vehicle market and strategic partnerships with international clients like Tesla[25]. - The daily chemical materials and specialty chemicals segment continues to grow, driven by rising disposable income and consumer demand for high-quality personal care products[24]. - The company is expanding its product offerings in skincare, makeup, and cleansing markets, supported by ongoing R&D investments[26]. - The company has established multiple supply bases across China and is in the process of building a base in Europe to enhance its supply chain capabilities[33]. Research and Development - The company has increased its investment in R&D for new products, particularly in the fields of personal care and specialty chemicals, to capture emerging market opportunities[26]. - The company has a strong R&D team supported by various national and provincial technology centers, enhancing its innovation capabilities[32]. - The company has introduced over 100 customized electrolyte formulations into trial production and mass production, with significant breakthroughs in lithium-ion battery materials[63]. - The company is focusing on developing high-nickel, high-voltage, and silicon-carbon systems for battery electrolytes, aiming to improve battery life and safety[106]. - The company is committed to developing green and sustainable synthesis technologies, focusing on biodegradable functional polymers[106]. Risk Management - The report covers potential risks in the company's operations and corresponding countermeasures in detail[3]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute profit forecasts or commitments to investors, highlighting the importance of risk awareness[3]. - The company faces policy risks in the lithium-ion battery materials sector due to adjustments in government subsidies for new energy vehicles, which may impact sales and revenue[111]. - The company is implementing dynamic management of credit terms and enhancing collection efforts to mitigate cash flow risks due to potential tightening in the supply chain of lithium battery materials as a result of reduced subsidies in the new energy vehicle industry[113]. Environmental and Social Responsibility - The company has invested in environmental protection measures, including a wastewater treatment system with a daily capacity of 1,000 tons[171]. - The company has established an environmental self-monitoring plan to ensure compliance with pollution control standards[182]. - The company actively participates in social welfare activities, including educational support and poverty alleviation, reflecting its commitment to social responsibility[172]. - The company is committed to clean and safe production, focusing on environmental benefits and employee health[179]. Corporate Governance - The company has a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 80% cash distribution during mature phases without significant capital expenditure[122]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the dividend policy[127]. - The company has committed to not engaging in any new business that directly competes with its existing operations, reinforcing its market position[134]. - The company has established a long-term commitment to protect the interests of small and medium investors, ensuring their rights are prioritized in any compensation measures[133].

Financial Performance - Net profit attributable to shareholders was ¥206,698,469.17, representing a significant increase of 423.36% year-on-year[4]. - Operating revenue for the period was ¥1,102,817,126.78, reflecting a growth of 47.76% compared to the same period last year[4]. - The net cash flow from operating activities was ¥223,198,526.63, up 450.90% year-on-year[4]. - Basic earnings per share increased to ¥0.38, a rise of 442.86% compared to the same period last year[4]. - The weighted average return on equity was 6.49%, an increase of 5.11 percentage points year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥204,971,930.14, up 404.69% year-on-year[4]. - The company reported a significant increase in prepayments by 55.20% to CNY 78,902,336.92, attributed to higher advance payments for raw materials[12]. - The company expects cumulative net profit for the year to be between CNY 65,000,000 and CNY 75,000,000, representing a growth of 3,882.84% to 4,495.59% compared to the previous year[21]. - The net profit for Q3 2020 was ¥202,575,437.97, compared to ¥36,087,062.23 in Q3 2019, marking a significant increase of approximately 461.5%[35]. - The net profit attributable to the parent company for the period was CNY 1,661,154,938.26, a significant increase from CNY 1,169,938,281.27 in the same period last year[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,911,233,428.63, an increase of 10.91% compared to the previous year[4]. - The company's total current assets reached CNY 2,791,001,324.04, up from CNY 2,264,976,471.96 year-over-year[26]. - The total liabilities of the company were CNY 2,456,253,201.08, compared to CNY 2,358,575,696.32 in the previous year, indicating an increase in liabilities[28]. - The company's equity attributable to shareholders reached CNY 3,294,023,922.88, up from CNY 2,788,297,066.31, marking a growth of 18.2%[82]. - The company's total assets increased to ¥3,554,431,133.35 from ¥3,315,972,084.51, reflecting a growth of about 7.2%[32]. - Total liabilities rose to ¥1,131,152,054.99, up from ¥1,049,655,212.16, which is an increase of approximately 7.8%[32]. Cash Flow - Cash flow from operating activities showed a net inflow of CNY 487,119,023.95, a significant improvement of 545.81% from a net outflow of CNY -109,267,059.49 in the previous year[15]. - The company's cash and cash equivalents increased by 93.62% to CNY 406,763,271.21 due to improved collection of sales and payment terms[12]. - The net cash flow from financing activities was negative CNY 267,747,240.86, compared to a positive CNY 142,124,858.43 in the previous period[51]. - The company's cash and cash equivalents stood at CNY 406,763,271.21, compared to CNY 210,081,617.88 in the previous year, reflecting improved liquidity[26]. - The net cash flow from operating activities for the first nine months of 2020 was ¥487,119,023.95, a significant increase of 545.81% compared to a net outflow of ¥109,267,059.49 in the same period of 2019[68]. Research and Development - Research and development expenses increased by 37.02% to CNY 117,349,665.17, reflecting higher investment in R&D activities[14]. - Research and development expenses for Q3 2020 were ¥42,352,560.55, compared to ¥33,797,223.57 in the previous year, representing an increase of approximately 25.2%[34]. - Research and development expenses for the current period totaled ¥117,349,665.17, compared to ¥85,644,466.17 in the previous period, which is an increase of about 37%[41]. - Research and development expenses increased to CNY 51,641,900.05 from CNY 37,205,387.04, indicating a focus on innovation[98]. Shareholder Information - The company reported a total of 23,034 shareholders at the end of the reporting period[7]. - The largest shareholder, Xu Jinf, holds 38.35% of the shares, with a total of 209,416,781 shares[7]. - The company did not engage in any repurchase transactions during the reporting period[9]. Investment Performance - The company reported a 150.91% increase in investment losses, amounting to CNY -6,104,095.56, primarily due to increased losses from Jiangxi Yunli Lithium[14]. - The company reported a significant increase in investment losses of ¥4,162,672.47, compared to a gain of ¥454,207.43 in the previous year[34]. - The investment loss for the current period was ¥6,104,095.56, compared to a loss of ¥2,432,815.27 in the previous period, reflecting a worsening of investment performance[42]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46]. - The company has not reported any non-operational fund occupation by controlling shareholders during the reporting period[23].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[8]. - The net profit attributable to shareholders was RMB 200 million, up 10% compared to the same period last year[8]. - The management has provided a revenue guidance of RMB 2.5 billion for the full year 2020, representing a growth of 20%[8]. - The company's operating revenue for the reporting period was ¥1,592,744,006.91, representing a 30.80% increase compared to ¥1,217,722,468.71 in the same period last year[12]. - Net profit attributable to shareholders was ¥311,675,420.27, a significant increase of 516.88% from ¥50,524,751.79 in the previous year[12]. - The company reported a total of 30,444.7 million CNY in revenue for the first half of 2020, with an actual investment of 1,572.81 million CNY during the reporting period[64]. - The company expects a net profit of between 500 million and 550 million yuan for the first nine months of 2020, representing a year-on-year increase of approximately 455.43% to 510.98%[78]. - The basic earnings per share are projected to rise from 0.17 yuan to between 0.92 yuan and 1.01 yuan, indicating a growth of 441.18% to 494.12%[78]. Research and Development - Research and development expenses accounted for 8% of total revenue, reflecting the company's commitment to innovation[8]. - The company’s R&D focus includes fine chemical new materials, with key products being daily chemical materials and lithium-ion battery materials[18][20]. - Investment in R&D for new technologies increased by 30%, focusing on sustainable materials and innovative applications[92]. - The company has a strong innovation and R&D advantage, supported by various national and provincial technology centers and a high-quality R&D team[30]. - The company has implemented a strict and efficient Integrated Product Development (IPD) process to enhance product development and market alignment[36]. Market Expansion and Strategy - The company plans to expand its production capacity for lithium-ion battery materials, aiming for a 30% increase by the end of 2021[8]. - The company is expanding its international business by developing better distribution channels and enhancing service quality, laying a solid foundation for growth[24]. - The company plans to enhance its market competitiveness in lithium battery materials by optimizing product structure and improving gross margins[80]. - The company is actively adjusting its project timelines and investment strategies in response to market and regulatory changes[66]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[144]. Financial Position and Cash Flow - The net cash flow from operating activities reached ¥263,920,497.32, a remarkable turnaround from a negative cash flow of -¥45,658,933.94 in the same period last year, marking a 678.03% increase[12]. - Cash and cash equivalents increased by 95.36% compared to the end of the previous year, primarily due to increased sales collections and improved payment terms[25]. - The company reported a total comprehensive income of CNY 320,384,067.19, significantly higher than CNY 50,138,691.79 in the same period of 2019[146]. - The cash flow from operating activities was CNY 928,634,705.88, compared to CNY 803,050,472.39 in the previous year, showing improved cash generation[150]. - The company reported a net increase in cash and cash equivalents of ¥189,964,815.23, compared to an increase of ¥151,798,792.88 in the same period last year[153]. Risks and Challenges - The company has identified risks related to raw material price fluctuations and is implementing strategies to mitigate these risks[4]. - The company is facing policy risks in the lithium-ion battery materials industry due to adjustments in government subsidies for new energy vehicles[79]. - The company is facing risks related to the lithium-ion battery materials industry due to the tightening cash flow in the new energy vehicle sector, which may impact the company's financial stability[81]. - Increased environmental regulations may lead to higher operational costs, and the company is committed to improving production processes and enhancing its environmental management systems[84]. - The COVID-19 pandemic has impacted global economies, but the company has taken measures to mitigate its effects, including establishing an emergency response team and enhancing operational efficiency[85]. Investments and Projects - The company has invested RMB 37.19 million in a lithium iron phosphate cathode material project, with an expected return of RMB 113.73 million[52]. - The company has completed a project for producing 25,000 tons of lithium-ion battery materials, with an actual investment of RMB 6.55 million[52]. - The company has invested 655.17 million yuan in the lithium iron phosphate cathode material project, which has a total planned investment of 31.76 million yuan, achieving a project progress of 30.15%[70]. - The company has redirected funds from terminated projects to enhance liquidity and support ongoing projects[65]. - The company is exploring potential mergers and acquisitions to strengthen its market position[160]. Corporate Governance and Compliance - The company has established a governance structure including a board of directors, supervisory board, and various departments such as R&D and quality assurance[171]. - The company has committed to maintaining transparency in related party transactions, ensuring compliance with market pricing principles[92]. - The company has not faced any bankruptcy restructuring issues during the reporting period, indicating financial stability[93]. - The company has implemented a comprehensive quality management system, significantly improving production efficiency and product quality stability[32]. - The company has established a compensation fund to protect investors' interests in case of any financial discrepancies[91].

Financial Performance - The company's operating revenue for Q1 2020 was ¥524,980,320.84, a decrease of 3.48% compared to ¥543,928,122.15 in the same period last year[3]. - Net profit attributable to shareholders was ¥41,504,117.44, representing a significant increase of 45.08% from ¥28,608,251.39 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥40,929,779.55, up 60.22% from ¥25,546,321.92 in the previous year[3]. - Basic earnings per share rose to ¥0.08, a 60.00% increase from ¥0.05 in the same period last year[3]. - The company expects net profit for the first half of 2020 to be between CNY 19,500,000 and CNY 25,350,000, representing a year-on-year increase of 285.99% to 401.78%[13]. - The company reported a total comprehensive income of CNY 16,679,176.07, down from CNY 21,526,235.97, indicating a decline of 22.5%[32]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥93,446,753.19, an increase of 15.28% compared to ¥81,060,493.57 in the same period last year[3]. - Cash and cash equivalents increased by 42.39% to CNY 299,130,566.27 from CNY 210,081,617.88 as of December 31, 2019, primarily due to increased sales collections[10]. - Cash flow from financing activities increased by 252.80% to CNY 50,200,402.73 from a negative CNY 32,854,384.90 in the same period last year, primarily due to increased bank loan borrowings[11]. - The ending balance of cash and cash equivalents increased to CNY 288,185,889.27, up from CNY 170,917,246.30 in the previous period, reflecting a growth of approximately 68.5%[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,382,598,296.04, reflecting a 0.99% increase from ¥5,329,642,855.46 at the end of the previous year[3]. - Current liabilities totaled CNY 2,104,356,193.11, slightly up from CNY 2,085,033,392.97, indicating a rise of about 1.1%[20]. - Total liabilities amounted to CNY 2,377,711,931.19, up from CNY 2,358,575,696.32, indicating an increase of approximately 0.8%[20]. - The total owner's equity increased to CNY 3,004,886,364.85 from CNY 2,971,067,159.14, marking an increase of approximately 1.1%[21]. Operational Efficiency - The total operating costs for Q1 2020 were CNY 478,361,982.64, down from CNY 505,286,537.03, reflecting a cost reduction of approximately 5.3%[26]. - Research and development expenses for Q1 2020 were CNY 25,772,421.75, up from CNY 21,423,240.72, reflecting a 20.2% increase[26]. - The company reported a decrease in sales expenses to CNY 26,293,120.35 from CNY 19,669,932.67, which is an increase of 33.8%[26]. - The company aims to optimize product structure and expand liquid product solutions, which is expected to positively impact performance[14]. Market and Product Outlook - The increase in net profit is primarily due to the rising demand for carbomer products used in ethanol gel production for disinfection purposes[14]. - The company anticipates further expansion in carbomer product production and sales in the second quarter of 2020 compared to the first quarter[14]. - The company is actively expanding its carbomer product production and optimizing its product structure to mitigate the impact of reduced sales in other business areas due to the pandemic[54].

Dividend Distribution - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares based on a total share capital of 548,517,289 shares, resulting in a total cash dividend of approximately 27.43 million RMB[4]. - The cash dividend for 2018 was 1 CNY per 10 shares, amounting to 34,270,268.10 CNY, which represented 7.51% of the net profit attributable to shareholders[115]. - In 2017, the company distributed a cash dividend of 1.8 CNY per 10 shares, totaling 61,140,157.38 CNY, accounting for 20.06% of the net profit attributable to shareholders[114]. - The company has established a shareholder dividend return plan, ensuring that cash dividends will be prioritized, with a minimum cash dividend ratio of 20% during profit distribution[113]. - The total distributable profit for the 2019 cash dividend is reported to be 591,178,306.52 CNY, with the cash dividend amounting to 100% of the total profit distribution[118]. - The company will review the shareholder dividend return rules at least every three years, considering feedback from shareholders and independent directors[112]. - The company emphasizes sustainable development and reasonable investment returns in its dividend distribution strategy[118]. - The cash dividend policy is designed to be transparent and compliant with regulations, ensuring the protection of minority shareholders' rights[114]. - The cash dividend distribution is based on the total share capital on the record date, which is 548,517,289 shares for the 2019 fiscal year[118]. Financial Performance - The company's operating revenue for 2019 was CNY 2,754,589,624.70, representing a 32.44% increase compared to CNY 2,079,846,708.24 in 2018[14]. - The net profit attributable to shareholders of the listed company in 2019 was CNY 16,319,676.03, a significant decrease of 96.42% from CNY 456,284,907.64 in 2018[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,656,922.43, which is a 16.69% increase from CNY 9,989,589.90 in 2018[14]. - The company's total assets at the end of 2019 were CNY 5,329,642,855.46, an increase of 8.00% from CNY 4,934,891,955.52 at the end of 2018[14]. - The net assets attributable to shareholders of the listed company decreased by 1.18% to CNY 2,788,297,066.31 at the end of 2019 from CNY 2,821,543,831.28 at the end of 2018[14]. - The company reported a net cash flow from operating activities of CNY -18,408,019.80 in 2019, an improvement of 94.22% compared to CNY -318,250,631.15 in 2018[14]. - The basic earnings per share for 2019 was CNY 0.03, down 96.43% from CNY 0.84 in 2018[14]. - The company reported a total revenue of 1.5 billion CNY for the year 2019, representing a year-on-year growth of 15%[123]. - The company has set a revenue guidance of 1.8 billion CNY for 2020, indicating an expected growth of 20%[125]. Business Operations and Strategy - The company has multiple wholly-owned subsidiaries, including Tianji Organic Silicon and Tianjin Tianji, which contribute to its diversified business operations[6]. - The company produces lithium-ion battery materials, including electrolytes and lithium iron phosphate, which are critical for the battery manufacturing industry[7]. - The company has a strong focus on research and development in new materials, particularly in the field of lithium battery technology[7]. - The company is actively exploring market expansion opportunities to increase its market share in the high-tech materials sector[7]. - The company's main business segments include daily chemical materials and specialty chemicals, with products such as surfactants, silicone oils, and water-soluble polymers[22]. - The company maintains a direct sales model, providing product technical services and solutions, with a production strategy based on sales forecasts[24]. - The company is recognized as a national high-tech enterprise, with a strong focus on innovation and R&D, supported by multiple technology innovation platforms[33]. - The company is expanding its international business by establishing branches in South Korea and the Czech Republic to meet the technical support needs of international clients[96]. - The company is committed to developing new products in lithium-ion battery materials, focusing on high-energy and high-power electrolytes with proprietary intellectual property[97]. Research and Development - The company has established a competitive advantage through vertical integration and horizontal collaboration within its supply chain, enhancing cost competitiveness[31]. - The company has made significant progress in international business development, enhancing its global presence and brand recognition through participation in major industry exhibitions[32]. - The company’s research and development focus includes fine chemical new materials, particularly daily chemical materials and lithium-ion battery materials[21]. - The company has completed over 30 new product developments in the personal care and specialty chemicals sector, with several high-margin new products gaining customer validation[40]. - The company is investing 200 million CNY in R&D for new technologies, aiming to enhance product offerings and market competitiveness[127]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute profit forecasts or commitments to investors, highlighting the importance of risk awareness[4]. - The report indicates that the company has a comprehensive risk management strategy in place to address potential operational risks[4]. - The company has established a risk response mechanism to mitigate potential challenges in its operational environment[4]. - The company aims to enhance market competitiveness by improving production standards and optimizing processes in response to policy risks in the lithium-ion battery materials industry[102]. - The company will implement dynamic management of credit terms and strengthen collection efforts to mitigate cash flow risks due to potential tightening in the supply chain[103]. Environmental and Social Responsibility - The company emphasizes safety and environmental management, aligning with international standards to reduce emissions and enhance operational safety[98]. - The company has invested significantly in environmental protection projects, including advanced oxidation systems and zero wastewater discharge systems[169]. - The company has a wastewater treatment system with a daily capacity of 1,000 tons, ensuring compliance with environmental standards[169]. - The company has conducted annual environmental self-monitoring to ensure compliance with pollution control standards[172]. - The company complies with pollution discharge standards, with no instances of exceeding discharge limits reported[168]. Shareholder and Corporate Governance - The company has a long-term commitment to avoid competition with similar businesses and will not establish or acquire subsidiaries that compete with its operations[122]. - The company will actively compensate investors for any losses incurred due to false records or misleading statements in the prospectus, following the recognition of such violations by regulatory authorities[121]. - The company has established a compensation fund to protect the interests of investors, especially small and medium-sized investors, in case of losses due to violations[121]. - The company has maintained a continuous audit service from the domestic accounting firm for 13 years[142]. - The company has not faced any bankruptcy reorganization or significant litigation during the reporting period[143][144]. - The company has not reported any penalties or rectification measures during the reporting period[145][146]. - The company has established a profit distribution policy that emphasizes reasonable returns to investors while ensuring sustainable development[161]. - Employee satisfaction is enhanced through competitive compensation, benefits, and career development opportunities[162]. Market Trends and Challenges - The daily chemical materials and specialty chemicals market is driven by rising disposable income and consumer demand for high-quality personal care products, leading to sustained growth in consumption[25]. - The lithium battery materials market is significantly influenced by the development of the electric vehicle industry, with increasing demand in energy storage applications due to advancements in 5G and grid storage[25]. - The personal care industry in China is expected to grow significantly, with the core consumer group projected to exceed 400 million, indicating substantial market potential for the company's products[90]. - In 2019, the implementation of new subsidy policies led to stagnation in the electric vehicle market, increasing competition and further reducing the gross margin of electrolyte products[92]. Capital and Investment Management - The company has ongoing projects, including a lithium iron phosphate cathode material project with an investment of ¥11,120,554.96, achieving 28.31% of the expected progress[71]. - The company has a total of ¥4,076.65 million in unused raised funds, which are stored in a special account[74]. - The company plans to enhance fundraising efficiency and has adjusted the investment strategy for certain projects[77]. - The company reported a total of RMB 16,116.67 million invested in committed projects during the reporting period[76]. - The company has committed to using remaining funds from terminated projects to support working capital and other strategic investments[82].