债券代码：128014 债券简称：永东转债 证券代码：002753 证券简称：永东股份 公告编号：2021-055 山西永东化工股份有限公司 关于参加"山西辖区上市公司 2021 年度投资者网上 集体接待日暨年报业绩说明会"活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据山西省上市公司协会《关于举办山西辖区上市公司 2021 年度投资者网 上集体接待日暨年报业绩说明会的通知》，山西永东化工股份有限公司（以下 简称"公司"）定于 2021 年 6 月 22 日（周二）15:00-17:00 参加中国证券监 督管理委员会山西监管局、山西省上市公司协会、深圳市全景网络有限公司、 全景投资者教育基地联合举办的"山西辖区上市公司 2021 年度投资者网上集体 接待日暨年报业绩说明会"活动。现将有关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。 公司出席本次说明会的人员有：董事长刘东杰先生、董事、董事会秘书兼 副总经理张巍女士、财务总监陈梦喜先生、证券事务代表贾璐女 ...

Financial Performance - The company's operating revenue for 2020 was ¥2,391,239,921.38, a decrease of 16.27% compared to ¥2,856,035,738.51 in 2019[16]. - The net profit attributable to shareholders in 2020 was ¥158,221,064.72, representing a significant increase of 73.80% from ¥91,035,991.73 in 2019[16]. - The net cash flow from operating activities was ¥159,220,996.72, a turnaround from a negative cash flow of ¥36,033,789.28 in 2019, marking a 541.87% improvement[16]. - Basic earnings per share increased by 59.14% to ¥0.4214 in 2020, compared to ¥0.2648 in 2019[16]. - Total assets at the end of 2020 were ¥2,540,415,679.20, reflecting a growth of 6.37% from ¥2,388,175,628.55 at the end of 2019[16]. - The company's net assets attributable to shareholders rose by 7.88% to ¥1,934,672,918.65 in 2020, up from ¥1,793,373,502.46 in 2019[18]. - The total profit for 2020 was CNY 176,208,208.10, an increase of 86.35% year-on-year[39]. - The revenue from carbon black products was ¥1,584,076,093.29, accounting for 66.24% of total revenue, with a year-on-year decline of 16.55%[61]. - The revenue from coal tar processing products was ¥797,340,252.83, making up 33.34% of total revenue, also down by 16.58% year-on-year[61]. - Domestic revenue was ¥2,165,450,065.35, which is 90.56% of total revenue, reflecting a decrease of 14.18% from the previous year[61]. - International revenue fell to ¥225,789,856.03, constituting 9.44% of total revenue, a significant drop of 32.14% compared to the previous year[61]. Research and Development - The company holds a total of 32 patents, including 15 invention patents and 17 utility model patents[43]. - The number of R&D personnel increased by 5.05% to 104, representing 13.20% of the total workforce[77]. - R&D investment amounted to ¥76,421,934.32, which is 3.20% of operating revenue, showing a slight increase from 3.07% in the previous year[77]. - The company has achieved good research results in coal tar separation technology, providing technical support for the industry[30]. - The company’s core technology for rubber carbon black production is at a leading domestic level, with multiple patents filed for new processes[56]. - The company’s production technology for conductive carbon black is also at a leading domestic level, with 6 invention patents and 17 utility model patents[56]. Production and Operations - The main business involves the processing of coal tar and the production of carbon black, with carbon black being the primary product[26]. - The carbon black production process primarily relies on coal tar, which constitutes approximately 53% of the raw materials used[37]. - The production volume of carbon black was 340,325.15 tons, with sales volume at 336,532.34 tons, showing a slight decrease of 0.83% in sales volume compared to the previous year[67]. - The inventory of carbon black increased by 32.62% year-on-year, indicating adjustments based on market demand[67]. - The company’s coal tar processing and carbon black production lines utilize DCS systems for modern and automated production processes[35]. Environmental and Safety Management - The company is committed to environmental protection and compliance with increasing national standards, which may raise future operational costs[102]. - The company has implemented a wastewater treatment process using A2O + contact oxidation technology, ensuring that all treated wastewater is reused within the production process[154]. - The company has invested in pollution control facilities, including dust removal bag filters and flue gas desulfurization and denitrification systems, to enhance environmental management[153]. - The company has established a comprehensive environmental monitoring system, including real-time monitoring of emissions to ensure compliance with environmental standards[155]. - The company has established a safety production committee to oversee safety management and compliance with regulations[147]. - The company invested significantly in safety training and equipment maintenance during the reporting period[148]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥0.85 per 10 shares (including tax) for the 2020 fiscal year[5]. - The cash dividend per 10 shares is set at ¥0.85 (including tax) based on a total share capital of 402,185,647 shares[113]. - The total distributable profit for the year is reported at ¥158,221,064.72[113]. - The company declared a cash dividend of ¥34,185,780.00 for the fiscal year 2020, which represents 21.61% of the net profit attributable to ordinary shareholders[112]. - The company has a history of cash dividends, distributing 0.4 RMB per 10 shares in 2019, amounting to 15 million RMB[109]. Market and Industry Outlook - The coal tar processing industry has a broad market development prospect, with over 50 economically viable products derived from coal tar[30]. - The company emphasizes the importance of new technologies and products in the coal tar processing sector, which is entering a new historical development stage[30]. - The demand for carbon black is closely linked to the tire industry, which is expected to remain stable due to the automotive market's recovery[38]. - The company aims to extend the coal tar deep processing industry chain and focus on high-quality carbon black products, fine coal tar processing products, and new materials development[99]. Corporate Governance - The company has a robust performance evaluation system for its directors and senior management, linking compensation to annual performance metrics[195]. - The company maintains a strong commitment to corporate governance, with independent directors ensuring oversight and accountability[195]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period, indicating continuity in governance[194]. - The company has established strong partnerships with well-known tire manufacturers, enhancing its brand recognition and market position[46]. Financial Management - The company has established a stable and efficient organizational structure to enhance internal control and improve overall financial management[53]. - The company’s procurement strategy involves competitive bidding to ensure cost-effective sourcing of raw materials[34]. - Approximately 80% of the company's production costs are attributed to raw materials, primarily coal tar, which poses a risk due to potential price fluctuations[101]. - The company has committed to an investment project with a total investment of ¥31,167.66 million, currently in the construction phase, with 15.62% of the investment completed by the end of 2020[94].

Financial Performance - The company's operating revenue for Q1 2021 was ¥838,924,372.90, representing an increase of 84.59% compared to ¥454,470,540.08 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 reached ¥130,471,616.15, a significant increase of 633.91% from ¥17,777,709.14 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥133,632,812.34, up 699.86% from ¥16,706,949.62 year-on-year[8]. - Basic earnings per share for Q1 2021 were ¥0.3475, reflecting a 633.12% increase compared to ¥0.0474 in the same period last year[8]. - Operating revenue surged by 84.59% to ¥838,924,372.90, driven by strong downstream market demand and higher sales volume and prices of carbon black products[15]. - The net profit for Q1 2021 reached CNY 130,471,616.15, a substantial increase from CNY 17,777,709.14 in the same period last year, representing a growth of approximately 634%[41]. - The total comprehensive income for the period was CNY 130,167,344.44, compared to CNY 19,286,771.04 in the previous year, reflecting a substantial increase[42]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,678,396,854.90, an increase of 5.43% from ¥2,540,415,679.20 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 6.78% to ¥2,065,799,006.45 from ¥1,934,672,918.65 at the end of the previous year[8]. - Total liabilities amounted to CNY 612,597,848.45, slightly up from CNY 605,742,760.55, showing a marginal increase of about 1.41%[37]. - The current liabilities totaled CNY 291,915,130.79, slightly up from CNY 288,752,190.79, indicating a growth of about 0.75%[37]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥23,712,564.29, a decrease of 68.67% compared to ¥75,678,614.13 in the same period last year[8]. - Net cash flow from operating activities decreased by 68.67% to ¥23,712,564.29 due to increased inventory and accounts receivable[15]. - Net cash flow from investing activities increased by 691.01% to ¥59,148,791.54, mainly from the recovery of financial investment funds[15]. - Operating cash inflow for the current period was CNY 381,870,761.44, an increase from CNY 352,653,373.30 in the previous period, representing an increase of approximately 8.5%[49]. - The net increase in cash and cash equivalents for the period was CNY 62,692,120.55, compared to CNY 42,260,949.05 in the previous period, reflecting a growth of 48.5%[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,460[11]. - The total equity attributable to shareholders reached CNY 2,065,799,006.45, compared to CNY 1,934,672,918.65, reflecting an increase of approximately 6.83%[33]. Investment and Expenses - The company's R&D expenses were CNY 13,347,019.91, compared to CNY 8,409,600.22 in the previous year, showing an increase of about 58%[44]. - The investment income for the quarter was CNY 2,901,303.33, down from CNY 4,781,778.69, indicating a decline of approximately 39%[44]. - The company's financial expenses were CNY 3,446,197.85, a decrease from CNY 4,723,531.44, indicating improved cost management[41]. - The tax expenses for the quarter were CNY 23,031,847.41, compared to CNY 3,144,685.38 in the previous year, showing a significant increase due to higher profits[41]. Inventory and Receivables - Accounts receivable rose by 41.31% to ¥658,821,842.02, primarily due to increased sales revenue in March[15]. - Inventory levels rose to CNY 348,905,050.66 from CNY 282,105,947.76, an increase of approximately 23.66%[34].

山西永东化工股份有限公司 2020 年第三季度报告全文 山西永东化工股份有限公司 2020 年第三季度报告 2020-068 2020 年 10 月 1 山西永东化工股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘东杰、主管会计工作负责人陈梦喜及会计机构负责人(会计主 管人员)蔡靖泽声明：保证季度报告中财务报表的真实、准确、完整。 2 山西永东化工股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 3 山西永东化工股份有限公司 2020 年第三季度报告全文 说明原因 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,394,499,859.50 | 2,388,175,628.5 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,025,777,892.36, a decrease of 28.56% compared to ¥1,435,901,984.70 in the same period last year[17]. - The net profit attributable to shareholders was ¥30,960,766.97, down 42.10% from ¥53,475,699.46 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥28,661,203.58, a decline of 45.28% compared to ¥52,381,991.01 in the previous year[17]. - The basic earnings per share were ¥0.0825, down 48.57% from ¥0.1604 in the same period last year[17]. - The diluted earnings per share were ¥0.0824, a decrease of 44.74% compared to ¥0.1491 in the previous year[17]. - The weighted average return on equity was 1.72%, down from 3.60% in the same period last year[17]. - Total revenue for the period was ¥1,025,777,892.36, a decrease of 28.56% compared to ¥1,435,901,984.70 in the same period last year[46]. - Revenue from carbon black products was ¥642,245,605.87, down 32.88% from ¥956,824,075.39 year-on-year, accounting for 62.61% of total revenue[47]. - Revenue from coal tar processing products was ¥379,837,749.69, a decrease of 20.60% compared to ¥478,376,392.36 last year, representing 37.03% of total revenue[47]. - Domestic revenue was ¥911,916,821.33, down 29.60% from ¥1,295,262,524.14, making up 88.90% of total revenue[47]. Cash Flow and Financial Position - The net cash flow from operating activities was ¥112,893,028.59, a significant improvement from a negative cash flow of ¥95,486,128.09 in the same period last year[17]. - Cash and cash equivalents at the end of the period were ¥206,350,296.20, representing 8.93% of total assets, an increase from 4.35% last year[53]. - The company's inventory decreased to ¥245,757,844.56, accounting for 10.64% of total assets, down from 15.27% last year[53]. - Short-term borrowings decreased to ¥20,000,000.00, down from ¥100,000,000.00, primarily due to the repayment of due bank loans[53]. - The company reported a total of 48 million yuan in entrusted financial management, with no overdue amounts[98]. - The company reported a total cash inflow from operating activities of ¥659,278,434.82, while cash outflow was ¥546,385,406.23, resulting in a net cash inflow[166]. - The ending balance of cash and cash equivalents increased to ¥190,823,296.24, up from ¥47,807,222.24 in the previous year[167]. Investment and R&D - Research and development expenses amounted to ¥32,970,275.17, a decrease of 29.82% compared to the previous year[44]. - The company has committed to an investment project for an annual production of 40,000 tons of coal-based needle coke, with a total investment of CNY 31,167.66 million, of which CNY 1,352.61 million has been invested in the reporting period, representing 4.30% of the planned investment progress[61]. - The company plans to raise up to ¥38,000,000 through the issuance of convertible bonds to fund projects related to coal tar fine processing and special carbon black utilization[40]. Technological Innovation - The company holds 30 patents, including 13 invention patents and 17 utility model patents, showcasing its commitment to technological innovation[32]. - The company's self-developed conductive carbon black production technology has reached an internationally advanced level, changing the market dynamics previously dominated by foreign enterprises[32]. - The company has achieved significant advancements in coal tar processing technology, improving the efficiency of resource utilization and the stability of carbon black products[29]. Environmental and Regulatory Compliance - The company has invested significantly in environmental protection facilities, including dust collectors and wastewater treatment plants, to ensure compliance with national regulations[101]. - The company has established an online monitoring system for emissions, ensuring real-time compliance with pollution discharge standards[105]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[99]. - The company has not reported any major environmental issues during the reporting period[100]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of ordinary shareholders as of the report date is 11,280, indicating a broad shareholder base[114]. - The company has fulfilled its commitments regarding shareholding and has no overdue commitments as of the reporting period[77]. - The financial report was approved by the company's board on August 26, 2020, and includes one subsidiary within the consolidation scope[183]. Risks and Challenges - The company anticipates risks related to raw material price fluctuations, market demand, and the stability of coke oven gas supply, which could significantly impact future operating performance[70]. - The company has not experienced any significant changes in the feasibility of its fundraising projects[61]. - The company has not experienced any bankruptcy reorganization-related matters during the reporting period[79].

债券代码：128014 债券简称：永东转债 证券代码：002753 证券简称：永东股份 公告编号：2020-042 山西永东化工股份有限公司 关于参加"山西辖区上市公司 2020 年度投资者网上 集体接待日"活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据山西省上市公司协会《关于举办山西辖区上市公司 2020 年度投资者网 上集体接待日暨专题培训的通知》，山西永东化工股份有限公司（以下简称 "公司"）定于 2020 年 6 月 17 日（周三）15:00-17:00 参加中国证券监督管 理委员会山西监管局、山西省上市公司协会、深圳市全景网络有限公司联合举 办的"山西辖区上市公司 2020 年度投资者网上集体接待日活动"。现将有关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。 公司出席本次说明会的人员有：董事长刘东杰先生、董事、董事会秘书兼 副总经理张巍女士、财务总监陈梦喜先生、证券事务代表贾璐女士。 欢迎广大投资者积极参与！ 特此公告。 山西永东化工股 ...

Financial Performance - The company's operating revenue for 2019 was CNY 2,856,035,738.51, representing a 10.40% increase compared to CNY 2,587,091,753.06 in 2018[18]. - The net profit attributable to shareholders decreased by 67.24% to CNY 91,035,991.73 from CNY 277,883,148.41 in the previous year[18]. - The net cash flow from operating activities was negative at CNY -36,033,789.28, a decline of 117.41% compared to CNY 206,933,110.97 in 2018[18]. - Basic earnings per share fell by 68.25% to CNY 0.2648 from CNY 0.8341 in 2018[18]. - Total assets increased by 19.75% to CNY 2,388,175,628.55 at the end of 2019, up from CNY 1,994,336,611.66 at the end of 2018[18]. - Total revenue for the year was approximately ¥2.86 billion, with quarterly revenues of ¥644.56 million, ¥791.34 million, ¥697.24 million, and ¥722.89 million respectively[23]. - Net profit attributable to shareholders for the year was approximately ¥91.03 million, with quarterly net profits of ¥22.12 million, ¥31.35 million, ¥14.59 million, and ¥22.97 million respectively[23]. - The net cash flow from operating activities showed a significant improvement, with a positive cash flow of ¥35.66 million in Q4 after negative cash flows in the first three quarters[23]. - The company achieved an operating revenue of CNY 2,856,035,738.51 in 2019, representing a year-on-year growth of 10.40%, while the net profit attributable to shareholders decreased by 67.24% to CNY 91,035,991.73[42]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.4 per 10 shares (including tax) to all shareholders[6]. - The cash dividend for 2018 was RMB 2.5 per 10 shares, amounting to RMB 83,332,313.75, which represented 29.99% of the net profit attributable to shareholders[94]. - The total distributable profit for 2019 is RMB 91,035,991.73, with the cash dividend accounting for 17.67% of this amount[95]. - The company has maintained a consistent cash dividend policy over the past three years, with the 2017 dividend being RMB 1.61 per 10 shares, totaling RMB 35,754,365.28[94]. - The company has not proposed any stock dividends for the 2019 fiscal year, focusing solely on cash dividends[95]. Risks and Challenges - The company faces risks related to raw material price fluctuations, market demand, and environmental regulations that could impact future profitability[5][6]. - Future performance may be affected by macroeconomic conditions and the operational rates of downstream tire manufacturers[5]. - The carbon black industry is experiencing a slowdown in growth due to macroeconomic policies and increased competition, with domestic demand shrinking[33]. - The company faces risks related to fluctuations in raw material prices, which could significantly impact future operating efficiency[85]. - The company is also exposed to market risks for carbon black prices, influenced by macroeconomic conditions and downstream demand[85]. - The company relies on stable supply and pricing of coke oven gas from its suppliers, which poses a risk if supply stability is compromised[85]. Research and Development - The company holds 29 patents, including 13 invention patents and 16 utility model patents, showcasing its technological advancements[36]. - The company’s research and development expenses increased by 42.91% to ¥40,413,985.99 in 2019, primarily due to rising material and labor costs[56]. - R&D personnel increased to 99, up 8.79% from 91 in 2018, while R&D expenditure rose to ¥87,659,001.60, a 5.36% increase[61]. - The company plans to strengthen technology cooperation and enhance its core technological competitiveness through partnerships with research institutions and universities[59]. - The company aims to enhance its technological innovation strategy by introducing advanced technologies and accelerating the construction of provincial-level technology centers[83]. Environmental Compliance - The company emphasizes compliance with environmental protection standards, which may increase future costs and impact profitability[90]. - The company has committed to continuous investment in environmental protection facilities to improve operational quality and management standards[130]. - The company has established an online monitoring system for emissions, ensuring real-time compliance with environmental standards[133]. - The wastewater treatment facility utilizes the A2O + contact oxidation process, with all treated wastewater reused within the production process, resulting in zero external discharge[130]. - The company conducted regular emergency drills for environmental incidents, enhancing staff preparedness for potential environmental risks[132]. Corporate Governance - The company has established measures to reduce and standardize related party transactions to protect shareholder interests[99]. - The company has a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, functioning independently from shareholders[197]. - The company has an independent financial accounting department and internal audit department, with a separate financial management system from its controlling shareholders[198]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[100]. - The company ensures compliance with governance regulations, maintaining a transparent decision-making process and protecting the rights of minority shareholders[185]. Market Position and Strategy - The company aims to expand its market presence by leveraging its technological advancements in coal tar processing and carbon black production[31]. - The company is focused on enhancing its internal control systems and improving operational efficiency to ensure sustainable and stable development[44]. - The company is actively promoting the establishment of industry standards for conductive carbon black, addressing the lack of existing regulations[36]. - The company aims to extend its product line into high-end carbon black and fine chemical products, enhancing its market position[33]. - The company plans to focus on the global carbon black market trends and aims to extend the coal tar deep processing industry chain, emphasizing high-quality carbon black products and fine processing products[82]. Shareholder Structure - The total number of shareholders at the end of the reporting period was 14,776, an increase from 12,565 at the end of the previous month[149]. - Liu Dongliang holds 25.84% of shares, amounting to 24,257,813 shares, with a pledge status[150]. - Liu Dongjie owns 16.86% of shares, totaling 15,820,313 shares, also under pledge[150]. - The top ten shareholders include family members, indicating a close-knit ownership structure[151]. - The company did not experience any changes in its controlling shareholder during the reporting period[152].

Financial Performance - The company's operating revenue for Q1 2020 was ¥454,470,540.08, a decrease of 29.49% compared to ¥644,560,587.24 in the same period last year[7] - The net profit attributable to shareholders was ¥17,777,709.14, down 19.64% from ¥22,122,768.30 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥16,706,949.62, reflecting a decline of 23.92% compared to ¥21,960,598.36 in the previous year[7] - The company's operating costs for Q1 2020 were ¥380,042,719.74, down 31.25% from ¥552,775,265.94 in the same period last year[14] - Total operating revenue for Q1 2020 was ¥454,470,540.08, a decrease from ¥644,560,587.24 in the previous period[32] - Net profit for Q1 2020 was ¥17,777,709.14, compared to ¥22,122,768.30 in the same period last year, representing a decline of approximately 19.9%[34] - The total profit for Q1 2020 was CNY 20,964,569.19, down from CNY 26,079,523.62 in the same period last year, reflecting a decline of 19.66%[38] - The operating profit for Q1 2020 was CNY 21,856,538.38, compared to CNY 26,045,598.21 in Q1 2019, representing a decrease of 16.06%[38] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥75,678,614.13, a rise of 1,120.98% from -¥3,271,713.74 in the same period last year[7] - The cash flow from financing activities resulted in a net outflow of CNY -40,947,600.01, an improvement from a net outflow of CNY -57,722,967.74 in the previous year[43] - The cash flow from financing activities resulted in a net outflow of -40,947,600.01 CNY, highlighting challenges in managing financing costs[46] - The cash flow from operating activities generated a net amount of CNY 75,678,614.13, a significant improvement from a negative cash flow of CNY -3,271,713.74 in the previous year[40] - The total cash and cash equivalents at the end of the period amounted to 172,098,001.04 CNY, an increase of 42,260,842.53 CNY from the beginning of the period[46] - The cash and cash equivalents at the end of Q1 2020 increased to CNY 172,634,294.20 from CNY 94,522,255.90 at the end of Q1 2019, showing a growth of 82.73%[43] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,352,073,615.10, a decrease of 1.51% from ¥2,388,175,628.55 at the end of the previous year[7] - The company's current assets totaled CNY 1,395,155,772.05, down from CNY 1,422,872,781.42 at the end of 2019, reflecting a decrease of approximately 1.7%[24] - Total liabilities decreased to CNY 537,848,043.75 from CNY 594,802,126.09, a reduction of about 9.6%[26] - The total liabilities of the company stood at 594,802,126.09 CNY, with non-current liabilities amounting to 302,144,418.31 CNY[49] - The company's equity attributable to shareholders rose to CNY 1,814,225,571.35 from CNY 1,793,373,502.46, reflecting an increase of approximately 1.7%[27] - The company's equity attributable to shareholders was 1,793,373,502.46 CNY, reflecting a stable financial position[49] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,565[10] - The company reported no overdue commitments from major shareholders or related parties during the reporting period[19] Government Support and Investments - The company received government subsidies amounting to ¥1,054,333.33 during the reporting period[8] - The company reported an investment income of ¥4,781,778.69 for Q1 2020, an increase from ¥1,950,770.30 in the previous period[34] - The company received CNY 90,000,000.00 from investment recoveries during Q1 2020, compared to no such income in the previous year[42] - The cash outflow for investing activities was CNY 92,073,783.90, significantly higher than CNY 16,047,093.37 in Q1 2019, indicating increased investment activity[42] Financial Reporting and Standards - The first quarter report was not audited, which may affect the reliability of the financial data presented[52] - The company has not yet implemented the new revenue and leasing standards for the current year, indicating a potential future adjustment in financial reporting[52] Other Financial Metrics - The weighted average return on equity was 0.99%, down from 1.49% in the previous year, indicating a decline of 0.50%[7] - Earnings per share for Q1 2020 were ¥0.0474, down from ¥0.0664 in the previous year[35] - Research and development expenses for Q1 2020 were ¥8,409,600.22, slightly down from ¥8,764,526.18 in the previous year[33] - Basic earnings per share for Q1 2020 were CNY 0.0475, compared to CNY 0.0665 in Q1 2019, a decrease of 28.36%[39]

Financial Performance - Operating revenue for the reporting period was ¥697,244,145.49, representing a year-on-year increase of 12.31%[7] - Net profit attributable to shareholders decreased by 76.03% to ¥14,591,057.01 for the reporting period[7] - Basic earnings per share fell by 76.01% to ¥0.0438, while diluted earnings per share decreased by 76.58% to ¥0.0407[7] - The company reported a net profit of CNY 781,080,957.63, down from CNY 796,212,191.56, reflecting a decrease of about 1.5%[36] - Net profit for the current period was ¥14,591,057.01, a decrease of 76.0% from ¥60,860,568.89 in the previous period[39] - Total profit for the period was ¥80,102,241.15, down 70.3% from ¥269,165,316.15 in the previous year[47] - The company reported a total profit of ¥17,173,837.70, down 76.0% from ¥71,610,192.47 in the previous period[39] - The company’s total comprehensive income for the current period was ¥14,443,643.06, down from ¥61,822,317.45 in the previous period[40] - The total comprehensive income for the period was ¥68,426,541.94, a decrease of 70.4% from ¥231,009,728.50 in the previous year[48] Cash Flow - The net cash flow from operating activities was ¥23,789,913.24, down 75.21% compared to the same period last year[7] - Net cash flow from operating activities dropped by 144.92% to -¥71,696,214.85 from ¥159,602,379.50, due to increased capital occupation and profit decline[15] - The cash inflow from sales of goods and services reached ¥1,001,998,306.47, an increase from ¥785,664,888.67 in the previous period, representing a growth of approximately 27.5%[58] - Total cash outflow from operating activities amounted to ¥1,079,641,875.82, up from ¥629,361,382.90, indicating a rise of about 71.5%[56] - The company reported a total cash outflow of ¥117,269,696.34, compared to -¥13,089,772.10 in the prior period, indicating a significant cash drain[56] - The net cash flow from investment activities was -¥40,805,301.58, worsening from -¥163,566,936.36 in the previous period[56] - The net cash flow from financing activities was -¥4,763,673.33, an improvement from -¥9,126,830.77 in the prior period[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,083,503,942.35, an increase of 4.47% compared to the end of the previous year[7] - Current liabilities rose to CNY 326,188,808.84, compared to CNY 237,738,394.84, marking an increase of about 37.2%[30] - Non-current liabilities increased to CNY 298,344,196.56 from CNY 283,808,039.18, reflecting a growth of approximately 5.1%[30] - The company's total liabilities reached CNY 624,533,005.40, up from CNY 521,546,434.02, indicating an increase of around 19.7%[30] - Owner's equity totaled CNY 1,458,970,936.95, a slight decrease from CNY 1,472,790,177.64, showing a decline of about 0.9%[31] - Total liabilities amounted to 521,538,183.43, with total equity at 1,472,956,603.15, resulting in total assets of 1,994,494,786.58[70] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,312[11] - Liu Dongliang and Liu Dongjie are the largest shareholders, holding 29.11% and 18.98% of shares respectively[11] - The company did not engage in any repurchase transactions during the reporting period[12] Expenses and Costs - Total operating costs increased to ¥687,080,861.21, up 25.5% from ¥546,990,986.48 in the previous period[38] - Research and development expenses rose to ¥11,878,669.35, a significant increase of 83.5% compared to ¥6,477,801.97 in the previous period[38] - Financial expenses increased by 160.38% to ¥16,943,412.81 from ¥6,507,163.02, mainly due to rising interest costs[15] - The company incurred credit impairment losses of ¥4,503,490.82, which were not present in the previous period[39] Inventory and Receivables - Cash and cash equivalents decreased by 62.01% to ¥62,433,473.20 from ¥164,353,169.54, primarily due to increased inventory and settlement fund occupation[15] - Inventory rose to CNY 298,124,336.68, compared to CNY 247,067,669.30, indicating an increase of approximately 20.7%[33] - Accounts receivable increased to CNY 427,399,833.69 from CNY 371,891,877.30, representing a growth of about 14.9%[33] Regulatory and Compliance - The company approved the extension of the validity period for the non-public issuance of shares by 12 months, extending it to September 17, 2020[16] - The company has not undergone an audit for the third quarter report[72] - The new financial instrument standards were implemented starting January 1, 2019, requiring adjustments to previous accounting policies[71]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,435,901,984.70, representing a 13.96% increase compared to ¥1,259,958,820.72 in the same period last year[17]. - The net profit attributable to shareholders was ¥53,475,699.46, a decrease of 68.15% from ¥167,914,781.05 in the previous year[17]. - Basic earnings per share decreased by 68.18% to ¥0.1604 from ¥0.5041 in the previous year[17]. - The total operating revenue for the first half of 2019 was CNY 1,435,901,984.70, an increase of 13.94% compared to CNY 1,259,958,820.72 in the same period of 2018[146]. - The total comprehensive income for the first half of 2019 was CNY 53,982,898.88, a decrease of 68.16% from CNY 169,187,411.05 in the same period of 2018[148]. - The total profit for the first half of 2019 was CNY 63,018,026.57, down 68.16% from CNY 197,602,284.21 in the same period last year[152]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥95,486,128.09, a decline of 250.06% compared to ¥63,630,937.11 in the same period last year[17]. - The company's cash and cash equivalents decreased to ¥89,691,148.83, down 4.47% from ¥167,867,658.05 in the same period last year[51]. - The company's operating cash flow for the first half of 2019 was negative at CNY -95,486,128.09, compared to a positive cash flow of CNY 63,630,937.11 in the same period of 2018[156]. - Total cash inflow from operating activities was 698,978,352.09 CNY, while cash outflow was 794,451,168.85 CNY, resulting in a net cash outflow of 95,472,816.76 CNY[159]. - The ending balance of cash and cash equivalents decreased to 47,266,290.99 CNY from 147,017,429.44 CNY year-over-year[160]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,059,957,221.29, an increase of 3.29% from ¥1,994,336,611.66 at the end of the previous year[17]. - The total liabilities increased to CNY 616,287,316.49 in the first half of 2019, up 18.14% from CNY 521,538,183.43 in the same period of 2018[143]. - The company's total current assets as of June 30, 2019, amounted to RMB 1,128,562,407.90, up from RMB 1,051,400,417.20 at the end of 2018, representing a growth of approximately 7.34%[136]. - The company's total liabilities increased to RMB 616,287,316.49 from RMB 521,546,434.02, indicating a rise of about 18.14%[139]. Research and Development - The company has developed 26 patents, including 13 invention patents and 13 utility model patents, showcasing its commitment to technological innovation[33]. - Research and development expenses for the first half of 2019 were CNY 19,894,802.53, which is an increase of 59.96% compared to CNY 12,479,867.40 in the first half of 2018[147]. - The company aims to leverage its technological advancements to expand into fine chemical sectors, enhancing profitability and product quality stability[32]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[90]. - The company has implemented various environmental protection measures, including dust removal systems and wastewater treatment facilities, to ensure compliance with pollution discharge standards[92][94]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed with the local environmental authority[95]. Market and Product Development - The main business involves the processing of coal tar and the production and sale of carbon black, which is a key product for various industries[24]. - The company has established strong partnerships with well-known tire manufacturers, enhancing its brand recognition and market position[36]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[166]. Financial Management - The company has committed to a project for deep processing of coal tar and production of carbon black, with total fundraising of ¥32,805.28 million, of which ¥1,895.57 million was invested during the reporting period[57]. - The company has received approval for a non-public stock issuance to fund projects aimed at expanding its coal tar deep processing capabilities[40]. - The company has not made any significant asset or equity sales during the reporting period[64][65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 15,161[106]. - Major shareholders include Liu Dongliang with 29.11% and Liu Dongjie with 18.98% of the shares[106]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[71].