Financial Performance - The company's operating revenue for Q3 2022 reached ¥4,451,879,939.93, representing a 137.41% increase compared to the same period last year[4]. - Net profit attributable to shareholders was ¥2,007,121,197.00, a significant increase of 710.60% year-over-year[4]. - The basic earnings per share (EPS) was ¥4.94, reflecting a 696.77% increase compared to the same period last year[4]. - Total operating revenue for Q3 2022 reached ¥10,866,112,480.13, a significant increase of 120% compared to ¥4,922,194,175.01 in the same period last year[19]. - The company's net profit for Q3 2022 was ¥5,130,328,100.37, compared to ¥624,138,884.81 in Q3 2021, indicating a substantial growth in profitability[19]. - The total revenue for the current period reached ¥10,547,079,956.20, a significant increase from ¥4,855,220,509.35 in the previous period, representing an increase of approximately 117.5%[22]. - The net profit for the current period was ¥4,348,530,464.57, compared to ¥554,576,679.53 in the previous period, indicating a growth of approximately 684.5%[20]. - The total comprehensive income for the current period was ¥4,349,632,917.94, compared to ¥554,521,485.15 in the previous period, reflecting an increase of approximately 684.5%[20]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥12,899,829,254.24, which is a 102.53% increase from the end of the previous year[4]. - The total assets of the company reached ¥12,899,829,254.24, up from ¥6,369,307,875.78, marking a growth of 102% year-over-year[17]. - Total liabilities increased to ¥2,518,964,676.81 from ¥1,252,157,377.50, representing a rise of 101.3%[17]. - The company's equity attributable to shareholders rose to ¥10,189,247,312.73 from ¥5,036,184,480.37, an increase of 102.7%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date reached ¥4,289,669,622.65, a remarkable increase of 1,270.26% year-over-year[7]. - The operating cash flow net amount was ¥4,289,669,622.65, a substantial increase from ¥313,054,974.46 in the previous period[22]. - Cash and cash equivalents as of September 30, 2022, totaled ¥6,716,492,717.42, compared to ¥1,829,782,947.10 at the beginning of the year, showing a significant increase in liquidity[16]. - The cash and cash equivalents at the end of the period totaled ¥6,708,586,491.09, compared to ¥1,776,778,234.06 at the end of the previous period, indicating an increase of approximately 276.5%[23]. - The net cash flow from financing activities was ¥980,057,525.70, compared to ¥148,631,291.48 in the previous period, showing an increase of approximately 558.5%[23]. - The cash inflow from operating activities totaled ¥10,730,352,348.18, compared to ¥4,965,451,726.41 in the previous period, representing an increase of approximately 116.5%[22]. - The total cash outflow from investing activities was ¥581,601,531.05, compared to ¥167,084,318.18 in the previous period, indicating an increase of approximately 248.5%[23]. Research and Development - Research and development expenses increased by 136.73% to ¥353,230,595.89, indicating a significant investment in innovation[7]. - R&D expenses for Q3 2022 were ¥353,230,595.89, significantly higher than ¥149,209,778.15 in the previous year, reflecting a 136% increase in investment in innovation[19]. Business Operations - The company reported a 120.76% increase in total operating revenue for the year-to-date, amounting to ¥10,866,112,480.13, driven by rising prices in new materials and increased sales of lithium carbonate[7]. - The company's lithium battery new energy business has seen a significant increase in production and sales, achieving a carbon lithium sales volume of 13,770 tons and a net profit attributable to shareholders of RMB 403.23 million for the first nine months of 2022[11]. - The company has fully achieved the production capacity of its 20,000 tons/year battery-grade lithium carbonate project, and the 1.8 million tons/year lithium ore efficient selection and comprehensive utilization project has also been put into operation[11]. - The company approved an investment of up to RMB 502.66 million for a 3 million tons/year lithium ore efficient selection and comprehensive utilization project through its subsidiary, Jiangxi Yongcheng Lithium Industry Technology Co., Ltd.[12]. Corporate Governance - The company completed a non-public issuance of A-shares, issuing 8,743,343 shares, increasing the total share capital from 405,950,150 shares to 414,693,493 shares[14]. - The company has undergone a board and supervisory board re-election, appointing a new senior management team[13].

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥6,414,232,540.20, representing a 110.51% increase compared to ¥3,047,003,307.57 in the same period last year[11]. - Net profit attributable to shareholders of the listed company was ¥2,263,435,802.22, a significant increase of 647.64% from ¥302,745,444.76 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥2,183,140,640.84, up 798.59% from ¥242,950,725.58 year-on-year[11]. - The net cash flow from operating activities was ¥1,883,934,183.21, an increase of 1,464.12% compared to ¥120,447,204.52 in the same period last year[11]. - Basic earnings per share reached ¥5.63, a 640.79% increase from ¥0.76 in the previous year[11]. - Diluted earnings per share were ¥5.61, reflecting a 638.16% increase from ¥0.76 year-on-year[11]. - The weighted average return on net assets was 36.95%, up 29.91% from 7.04% in the previous year[11]. - Total assets at the end of the reporting period amounted to ¥8,728,992,799.74, a 37.05% increase from ¥6,369,307,875.78 at the end of the previous year[11]. - Net assets attributable to shareholders of the listed company were ¥7,096,474,144.02, representing a 40.91% increase compared to the previous year[11]. Business Segments - The lithium battery new energy business generated a revenue of CNY 3,021.23 million, with a net profit of CNY 2,102.07 million, marking a year-on-year increase of 1846.05%[16]. - The special steel new materials business reported revenue of CNY 3,393.00 million, with a net profit of CNY 161.36 million, down 17.13% year-on-year[16]. - The company sold 7,380 tons of lithium carbonate, a year-on-year increase of 35.46%[16]. Research and Development - Research and development investment increased by 115.94% to ¥204,301,699.15, reflecting the company's commitment to innovation[39]. - The company has invested significantly in R&D, holding 98 patents related to stainless steel, with a strong focus on technological innovation and process improvement[34]. - The company is focusing on R&D in the mining and lithium carbonate production sectors, aiming to improve the extraction of high-grade mica and the comprehensive utilization of by-products[65]. Environmental and Sustainability Efforts - The company emphasizes a circular economy by utilizing recycled materials and clean energy, significantly reducing resource consumption and environmental pollution[37]. - The company has implemented a series of pollution control facilities, including a pulse bag dust removal system and a high-efficiency circulating water system[80]. - The company is committed to reducing greenhouse gas emissions and has been actively implementing energy-saving projects[84]. Financial Position and Assets - Cash and cash equivalents increased significantly to ¥3,393,655,635.36, accounting for 38.88% of total assets, up from 28.73% last year, a change of 10.15%[45]. - The company reported a net increase in cash and cash equivalents of ¥1,561,793,923.73, a remarkable rise of 1,650.76% compared to the previous year[39]. - The company's total liabilities were reported at CNY 1,530,466,021.53, compared to CNY 1,252,157,377.50 at the beginning of the year, showing an increase of about 22%[129]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[141]. - The company is actively pursuing market expansion and new technology development in the lithium battery sector[112]. - The company plans to invest in several new projects, including a lithium ore processing project with a capacity of 1.8 million tons per year, to enhance its core competitiveness[69]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact product sales and profitability, particularly if raw material prices remain volatile or downstream demand weakens[61]. - The company is exposed to market risks in the lithium battery new energy sector, particularly related to the price and demand for battery-grade lithium carbonate, which could affect sales and profitability[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,472, with the largest shareholder, Gao Xingjiang, holding 36.49% of shares, totaling 148,115,543 shares[119]. - The company has a total of 141,163,840 shares, with 10,455,189 shares under lock-up conditions[118]. - The company’s unrestricted shares increased by 10,455,189, bringing the total to 275,241,499, which constitutes 67.80% of the total shares[114]. Accounting and Financial Reporting - The financial report for the first half of 2022 has not been audited[126]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[153]. - The accounting period for the financial information is from January 1, 2022, to June 30, 2022[154].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 20% in 2021[10]. - The company's operating revenue for 2021 was ¥7,199,256,427.57, representing a 44.76% increase from ¥4,973,126,242.49 in 2020[16]. - The net profit attributable to shareholders for 2021 was ¥887,081,411.57, a significant increase of 243.83% compared to ¥257,996,978.72 in 2020[16]. - The basic earnings per share for 2021 reached ¥2.22, up 208.33% from ¥0.72 in 2020[16]. - The company reported a net profit margin of 15% for the fiscal year 2021, reflecting improved operational efficiency[10]. - In 2021, the company achieved operating revenue of 719,925.64 million yuan, a year-on-year increase of 44.76%, and net profit attributable to shareholders of 88,708.14 million yuan, up 243.83%[39]. - The gross profit margin improved to 35% in 2021, up from 30% in 2020, reflecting better cost management and pricing strategies[135]. Dividend Policy - The company plans to distribute a cash dividend of 5.00 yuan (including tax) for every 10 shares based on a total of 405,950,150 shares[4]. - The company has established a cash dividend policy, distributing at least 20% of the distributable profit as cash dividends if there are no major capital expenditures[154]. - The company plans to maintain a cash dividend ratio of at least 80% during profit distributions if it is in a mature stage without major capital expenditures[154]. - The company declared a cash dividend of 5.00 CNY per 10 shares, totaling 202,975,075 CNY, which represents 100% of the total profit distribution[157]. Research and Development - The company is investing in research and development for new technologies to improve product performance and sustainability[10]. - The company has invested heavily in R&D, holding 92 patents, including 27 invention patents, and has established multiple research and development platforms[33]. - Research and development expenses increased by 38.81% to ¥223,071,530.27, reflecting the company's increased investment in R&D[57]. - The company has established a dedicated fund for research and development, allocating 200 million RMB to innovate in material technology[178]. - The company is focusing on R&D for new lithium battery technologies, aiming to enhance energy density and reduce costs[117]. Market Expansion and Strategy - The company is focusing on expanding its lithium battery materials segment, which is expected to contribute to future revenue growth[10]. - The company aims to increase its market share in the renewable energy sector, particularly in lithium-ion battery materials[10]. - The company is actively pursuing mergers and acquisitions to enhance its market position and expand its product offerings[10]. - The company is exploring partnerships with leading automotive manufacturers to secure long-term supply agreements for lithium products[117]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its position in the lithium battery supply chain[117]. Production Capacity and Efficiency - The company has initiated a new project with an annual production capacity of 20,000 tons of battery-grade lithium carbonate, which commenced production in 2020[8]. - The company has established a lithium battery new energy industry chain, producing battery-grade lithium carbonate with an annual production capacity of 30,000 tons after the second phase project is fully operational[26]. - The company reported a significant increase in lithium carbonate production capacity, with plans for a second-phase project to enhance output and meet growing demand[117]. - The cost of lithium carbonate production was reported to have decreased by 15% due to improved operational efficiencies and raw material sourcing strategies[118]. Environmental and Sustainability Initiatives - The company emphasizes resource recycling and green energy use, contributing to environmental sustainability and compliance with environmental regulations[37]. - The company is committed to reducing greenhouse gas emissions and has implemented various energy-saving improvement projects[173]. - The company has implemented a series of pollution control facilities, including a pulse bag dust removal system and a high-efficiency energy-saving circulating water system, to ensure compliance with environmental standards[170]. - The company has achieved significant energy savings and emissions reductions through the use of waste heat boilers and rooftop photovoltaic power generation[173]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations[123]. - The company has implemented a comprehensive internal control system to enhance operational efficiency and governance[123]. - The company respects and protects the legitimate rights of stakeholders, achieving a balance of interests among shareholders, employees, customers, and suppliers[125]. - The company has maintained a consistent remuneration policy for its board and management over the reporting period[142]. Risks and Challenges - The company has outlined potential risks in its future development strategy, including market competition and supply chain disruptions[4]. - The company faces macroeconomic risks that could impact product sales, particularly in the oil and gas, power equipment, and high-end manufacturing sectors[106]. - Fluctuations in battery-grade lithium carbonate prices pose a market risk, with historical prices ranging from 160,000 RMB/ton to over 200,000 RMB/ton[107]. - The company's main raw materials, including stainless scrap steel, nickel alloy, and chromium iron alloy, account for approximately 90% of production costs, making them highly sensitive to price fluctuations[112].

Financial Performance - The company's revenue for Q1 2022 reached ¥2,630,677,136.96, representing a 94.25% increase compared to ¥1,354,267,795.55 in the same period last year[3] - Net profit attributable to shareholders was ¥811,205,089.06, a significant increase of 553.60% from ¥124,113,903.15 year-on-year[3] - Basic earnings per share rose to ¥2.02, up 551.61% from ¥0.31 in the same quarter last year[3] - Operating profit for Q1 2022 was CNY 985,646,110.87, a significant increase from CNY 142,312,861.77 in the same period last year, representing a growth of 692.5%[20] - The company reported a total comprehensive income of CNY 831,030,399.46 for Q1 2022, compared to CNY 124,485,935.51 in Q1 2021, reflecting a growth of 570.5%[21] Cash Flow - The net cash flow from operating activities improved to ¥368,156,357.02, a 277.26% increase from a negative cash flow of -¥207,690,807.72 in the previous year[3] - The cash inflow from operating activities for Q1 2022 was CNY 2,544,338,835.43, a significant increase from CNY 1,098,215,458.18 in the same period last year, representing a growth of approximately 131.5%[22] - The total cash and cash equivalents at the end of the period were CNY 2,212,902,549.48, an increase from CNY 1,486,802,441.39 at the end of Q1 2021, showing improved liquidity[23] - The company reported a total cash inflow of CNY 387,857,947.75 for the quarter, compared to CNY 73,514,856.18 in the same period last year, indicating a strong cash position[23] Assets and Liabilities - The company's total assets increased by 32.97% to ¥7,420,962,738.06 from ¥5,580,876,178.90 at the end of the previous year[3] - The total liabilities increased to CNY 1,483,406,188.53, up from CNY 1,252,157,377.50, representing a growth of 18.4% year-over-year[20] - The company’s total equity attributable to shareholders increased by 35.10% to ¥5,847,028,148.94 from ¥4,327,905,846.77 at the end of the previous year[3] Research and Development - The company reported a significant increase in R&D expenses, which reached ¥84,132,464.12, a 93.21% rise compared to ¥43,543,875.85 in the previous year[7] - Research and development expenses rose to CNY 84,132,464.12, compared to CNY 43,543,875.85 in the previous year, marking an increase of 93.4%[20] Investments and Projects - The company is investing in new projects, including a 20,000-ton battery-grade lithium carbonate project and a high-pressure common rail project, contributing to increased construction in progress of ¥719,182,946.94, a 51.59% rise[6] - The company signed a joint venture agreement with CATL to establish a joint venture for lithium carbonate projects, enhancing its market position in the lithium industry[13] - A cooperation agreement was signed with Jiangxi Tungsten Industry Co., Ltd. to jointly invest in a lithium carbonate production line with an annual capacity of 20,000 tons, further expanding production capabilities[14] Inventory and Receivables - The company’s accounts receivable rose to RMB 243.93 million from RMB 220.93 million, reflecting an increase of about 10.4%[17] - The company’s inventory increased to RMB 928.04 million from RMB 724.18 million, representing a growth of approximately 28.2%[17] Other Financial Metrics - The weighted average return on equity improved to 14.91%, up from 2.97% in the previous year[3] - The company completed the transfer of equity stakes in two financial service companies, streamlining its investment portfolio[15] - The company's fixed assets decreased slightly to RMB 1.65 billion from RMB 1.69 billion, indicating a reduction of about 2.5%[18] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[24]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,875,190,867.44, representing a 33.67% increase year-over-year[3] - Net profit attributable to shareholders was ¥247,608,872.89, a significant increase of 172.97% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥209,111,174.73, up 173.41% year-over-year[3] - The company achieved a net profit attributable to shareholders of 55,035.43 million RMB for the first nine months of 2021, representing a year-on-year increase of 116.61%[13] - In Q3 2021, the company reported a net profit attributable to shareholders of 24,760.89 million RMB, which is a 172.97% increase year-on-year[13] - Operating profit for the period was ¥624,138,884.81, up 97.5% from ¥316,156,885.97 year-over-year[19] - Net profit for Q3 2021 reached ¥554,576,679.53, a significant increase of 117.5% compared to ¥255,690,499.33 in Q3 2020[20] - Total comprehensive income for the period was ¥554,521,485.15, compared to ¥255,454,840.19 in Q3 2020, marking a growth of 117.5%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,949,751,876.83, reflecting a 10.97% increase from the end of the previous year[3] - The company's equity attributable to shareholders increased by 15.90% to ¥4,668,416,191.65 compared to the end of the previous year[3] - The total assets increased to ¥5,949,751,876.83, representing a growth of 10.9% from ¥5,361,512,338.96 at the end of the previous year[18] - Non-current liabilities totaled ¥143,259,616.24, a decrease of 3.5% from ¥148,548,319.60 in the previous period[18] - The company's cash and cash equivalents were not explicitly stated, but the total liabilities decreased to ¥1,209,379,394.20 from ¥1,267,407,527.03, indicating improved liquidity[18] - Accounts receivable rose to 198,185,399.33 RMB as of September 30, 2021, compared to 121,013,395.95 RMB at the end of 2020[16] - The total current assets increased to 3,353,002,975.12 RMB as of September 30, 2021, from 2,980,458,463.26 RMB at the end of 2020[16] - The company reported a decrease in accounts payable to ¥510,146,144.48 from ¥629,366,994.16, indicating better management of liabilities[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥313,054,974.46, showing a 20.53% increase year-over-year[3] - Operating cash flow net amount was ¥313,054,974.46, an increase of 20.5% from ¥259,724,794.63 in the previous year[21] - Cash and cash equivalents at the end of the period stood at ¥1,776,778,234.06, up from ¥1,301,060,406.22 at the end of Q3 2020, representing a 36.5% increase[22] - Investment activities generated a net cash outflow of ¥96,700,247.05, compared to a net inflow of ¥14,220,561.09 in the same period last year[22] - Financing activities resulted in a net cash inflow of ¥148,631,291.48, down 60.8% from ¥378,878,931.16 in Q3 2020[22] Business Operations - The company reported a 63.77% increase in accounts receivable, primarily due to significant growth in lithium battery new energy business revenue[8] - The company’s investment income surged by 371.71% to ¥30,698,660.18, attributed to the transfer of equity in Shanghai New Tai Yongkang Health Technology Co., Ltd.[8] - The sales volume of special steel new materials reached 233,100 tons in the first nine months of 2021[13] - The lithium battery new energy business sold 8,158.4 tons of lithium carbonate during the same period[13] - The company completed the transfer of shares in Shanghai New Tai Yongkang Health Technology Co., Ltd., receiving the transfer payment as part of its strategic focus on "new materials + new energy" dual business development[14] - The company has successfully implemented its dual business strategy, leading to steady growth in performance[13] - The company plans to continue focusing on its core business areas to accelerate transformation and upgrading[14] - The company plans to expand its lithium battery production capacity with new projects, including a 20,000-ton battery-grade lithium carbonate project[8] Research and Development - Research and development expenses increased to ¥149,209,778.15, up 28.4% from ¥116,224,583.06, reflecting a commitment to innovation[19] Earnings Per Share - The basic earnings per share for the reporting period was ¥0.62, an increase of 148.00% compared to the same period last year[3] - Basic earnings per share increased to ¥1.38, compared to ¥0.71 in Q3 2020, reflecting a growth of 94.4%[20]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,875,190,867.44, representing a 33.67% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2021 was ¥247,608,872.89, a significant increase of 172.97% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥209,111,174.73, up 173.41% year-over-year[3] - The net profit for the first nine months of 2021 was ¥550,354,317.65, a 116.61% increase compared to the same period in 2020, driven by strong sales in lithium battery new energy products[8] - For Q3 2021, the special steel new materials business recorded a net profit of CNY 137.58 million, and the lithium battery new energy business generated a net profit of CNY 110.03 million, resulting in a total net profit of CNY 247.61 million, a year-on-year increase of 172.97%[13] - The net profit for Q3 2021 was CNY 554,576,679.53, a significant increase of 117.5% compared to CNY 255,690,499.33 in Q3 2020[20] - The net profit attributable to the parent company was CNY 550,354,317.65, up from CNY 254,080,431.32, reflecting a growth of 116.7% year-over-year[20] - Basic earnings per share increased to CNY 1.38 from CNY 0.71, representing a growth of 94.4%[20] - The total comprehensive income for the period was CNY 554,521,485.15, compared to CNY 255,454,840.19 in Q3 2020, reflecting an increase of 117.5%[20] Assets and Equity - The total assets at the end of Q3 2021 amounted to ¥5,949,751,876.83, reflecting a 10.97% increase from the end of the previous year[3] - The company's equity attributable to shareholders increased to ¥4,668,416,191.65, a rise of 15.90% compared to the previous year[3] - As of September 30, 2021, the company's total current assets amounted to CNY 3.35 billion, up from CNY 2.98 billion at the end of 2020[16] - The company's equity attributable to shareholders rose to CNY 4,668,416,191.65, compared to CNY 4,027,802,074.28, reflecting a growth of 15.9%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥313,054,974.46, showing a 20.53% increase year-over-year[3] - Cash flow from operating activities was CNY 313,054,974.46, compared to CNY 259,724,794.63 in the same period last year, marking an increase of 20.5%[21] - Total cash inflow from operating activities reached CNY 4,091,651,289.47, up from CNY 3,182,243,975.32, indicating a growth of 28.6%[21] - Cash flow from investing activities showed a net outflow of CNY 96,700,247.05, a decrease from a net inflow of CNY 14,220,561.09 in the previous year[22] - Cash flow from financing activities generated a net inflow of CNY 148,631,291.48, down from CNY 378,878,931.16 in the same quarter last year[22] - The cash and cash equivalents at the end of the period amounted to CNY 1,776,778,234.06, up from CNY 1,301,060,406.22 at the end of Q3 2020[22] Business Operations - The company reported a significant increase in accounts receivable by 63.77% due to the substantial growth in lithium battery new energy business revenue[8] - The company has invested in several projects, including a lithium carbonate project and a high-pressure common rail project, leading to a 309.21% increase in construction in progress[8] - The company's dual business strategy of "new materials + new energy" is progressing smoothly, with a significant increase in profitability from the lithium battery new energy sector, contributing to a total net profit of CNY 550.35 million, a year-on-year increase of 116.61%[13] - In the first three quarters of 2021, the special steel new materials business achieved a product sales volume of 233,100 tons, while the lithium battery new energy business sold 8,158.4 tons of lithium carbonate[13] Shareholder Information - The top ten shareholders hold a combined 61.34% of the company's shares, with the largest shareholder, Gao Xingjiang, holding 37.74%[11] - The company has a total of 24,467 common shareholders as of the reporting period[11] Research and Development - Research and development expenses for the quarter amounted to CNY 149,209,778.15, an increase of 28.4% from CNY 116,224,583.06 in the previous year[19] Liabilities and Other Financial Metrics - The company's cash and cash equivalents were not explicitly stated, but the total liabilities decreased to CNY 1,209,379,394.20 from CNY 1,267,407,527.03, a reduction of 4.6%[18] - The net profit margin improved significantly, with the total profit reaching CNY 622,876,769.86, compared to CNY 313,608,039.33, an increase of 98.7%[19] - The company reported a decrease in accounts payable to CNY 510,146,144.48 from CNY 629,366,994.16, a decline of 18.9%[18] - Deferred income tax assets increased to CNY 36,421,959.27 from CNY 7,718,100.02, a substantial rise of 372.5%[18] Share Transfer and Strategic Divestment - The company completed the transfer of shares in Shanghai New Tai Yongkang Health Technology Co., Ltd., aligning with its focus on the dual business strategy[14] - The company has received the share transfer payment as of the reporting period, indicating successful execution of its strategic divestment[14] Other Financial Highlights - The total revenue for the third quarter of 2021 reached CNY 4,922,194,175.01, a significant increase of 35.3% compared to CNY 3,636,883,927.71 in the same period last year[19] - The operating profit for the period was CNY 624,138,884.81, up from CNY 316,156,885.97, reflecting a growth of 97.4% year-over-year[19] - Non-current assets totaled CNY 2,596,748,901.71, up from CNY 2,381,053,875.70, indicating an increase of 9.0%[18] - The company did not require adjustments to the balance sheet for the new leasing standards as there were no significant long-term leases at the beginning of the year[23]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,047,003,307.57, representing a 36.39% increase compared to CNY 2,234,044,788.44 in the same period last year[12]. - The net profit attributable to shareholders of the listed company reached CNY 302,745,444.76, an increase of 85.31% from CNY 163,372,167.15 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 242,950,725.58, reflecting a significant increase of 136.31% compared to CNY 102,808,826.69 in the same period last year[12]. - The basic earnings per share for the reporting period was CNY 0.76, up 68.89% from CNY 0.45 in the previous year[12]. - The total assets at the end of the reporting period amounted to CNY 5,588,350,964.30, a 4.23% increase from CNY 5,361,512,338.96 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company increased by 9.12% to CNY 4,394,949,142.10 from CNY 4,027,802,074.28 at the end of the previous year[12]. - The net cash flow from operating activities was CNY 120,447,204.52, showing a decrease of 45.76% compared to CNY 222,047,589.90 in the same period last year[12]. Revenue Breakdown - The special steel new materials business generated revenue of 2,662.33 million CNY, with a net profit of 194.73 million CNY[21]. - The lithium battery new energy business realized revenue of 384.67 million CNY, contributing 35.68% to the company's half-year performance[26]. - The company sold 5,448 tons of battery-grade lithium carbonate during the reporting period[26]. - Revenue from the black metal smelting and rolling industry was ¥2,662,333,033.06, accounting for 87.38% of total revenue, with a year-on-year growth of 23.80%[43]. - Lithium mining and lithium salt manufacturing revenue surged to ¥384,670,274.51, a remarkable increase of 360.55% year-on-year, now representing 12.62% of total revenue[43]. Research and Development - The company is focusing on R&D for new products and technologies, including the development of a full series of valve steel grades[22]. - The company's R&D investment increased by 43.03% to ¥94,611,178.52, reflecting a commitment to enhancing product development[40]. - The company has established a strong R&D platform with 86 patents related to stainless steel, including 27 invention patents, showcasing its technological innovation capabilities[29]. Market and Competitive Position - The company operates in the Yangtze River Delta region, which has a high demand for stainless steel products, providing a favorable market environment for growth[34]. - The company is enhancing its market competitiveness through the construction of a second-phase project for 20,000 tons/year of battery-grade lithium carbonate[26]. - The company has developed over 200 steel grades, allowing for customized production to meet diverse customer needs[27]. Environmental Compliance - The company strictly adheres to environmental protection laws and regulations, ensuring that pollutant emissions comply with national and local standards[69]. - Total emissions of particulate matter were 15.141 tons, significantly below the approved limit of 48.739 tons per annum[68]. - Nitrogen oxides emissions totaled 7.151 tons, well under the approved limit of 42.228 tons per annum[68]. - The company has established comprehensive pollution prevention facilities across its production processes, including dust removal and wastewater treatment systems[69]. Shareholder Information - The total number of shares increased from 393,738,756 to 405,950,150, reflecting an increase of 12,211,394 shares due to the conversion of convertible bonds[100]. - The largest shareholder, Gao Xingjiang, holds 38.49% of the shares, totaling 156,234,300 shares[106]. - The company has a total of 39,058,575 shares under pledge by Gao Xingjiang[106]. - The report indicates that there were no new strategic investors or significant changes in shareholder relationships[105]. Cash Flow and Investments - The company reported a significant increase in accounts receivable to ¥183,899,164.82, up from ¥121,013,395.95, primarily due to substantial growth in revenue from new energy business[47]. - Inventory levels rose to ¥669,917,012.94, reflecting an increase of 20.27% year-on-year, attributed to higher raw material procurement due to increased orders[47]. - The company reported a net cash outflow from investment activities of CNY 70,797,632.15, contrasting with a net inflow of CNY 8,333,433.23 in the first half of 2020[123]. Financial Instruments and Accounting Policies - The company recognizes revenue based on the progress of performance obligations, confirming revenue at a point in time when control of goods is transferred to the customer[187]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[144]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[144]. Future Outlook and Strategic Initiatives - The company plans to invest in multiple projects, including a 20,000-ton automotive high-pressure common rail project and a 300,000-ton lithium ore technical renovation project, to enhance its core competitiveness[61]. - The company is actively monitoring macroeconomic trends to adjust its development strategy in response to potential economic fluctuations[57]. - The company faces risks related to market competition and potential price declines in the lithium battery materials sector, necessitating enhanced cost management and technological development[60].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,354,267,795.55, representing a 47.38% increase compared to ¥918,920,579.13 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥124,113,903.15, a 67.57% increase from ¥74,065,140.39 in the previous year[3] - Basic earnings per share increased to ¥0.31, up 47.62% from ¥0.21 in the same period last year[3] - Total operating revenue for Q1 2021 reached ¥1,354,267,795.55, a significant increase of 47.4% compared to ¥918,920,579.13 in the same period last year[33] - Net profit for Q1 2021 was ¥124,419,638.32, representing a 68.7% increase from ¥73,766,581.37 in Q1 2020[34] - The total comprehensive income for Q1 2021 was ¥124,485,935.51, compared to ¥73,922,287.51 in the previous year, indicating a growth of 68.3%[34] - Operating profit for Q1 2021 was ¥142,312,861.77, an increase of 50.8% from ¥94,364,538.20 in Q1 2020[33] - The company reported a profit margin of approximately 9.2% for Q1 2021, compared to 8.0% in Q1 2020[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,580,876,178.90, reflecting a 4.09% increase from ¥5,361,512,338.96 at the end of the previous year[3] - The net assets attributable to shareholders increased by 7.45% to ¥4,327,905,846.77 from ¥4,027,802,074.28 at the end of the previous year[3] - The company's total liabilities decreased to CNY 827,927,847.08 from CNY 979,567,332.50, representing a reduction of about 15.5%[31] - The total equity attributable to shareholders increased to CNY 4,373,717,109.47, up from CNY 4,116,128,857.20, indicating a growth of approximately 6.3%[31] Cash Flow - The company reported a significant decrease in net cash flow from operating activities, with a net outflow of ¥207,690,807.72 compared to a net inflow of ¥6,332,028.05 in the same period last year, marking a decline of 3,380.00%[3] - The total cash inflow from operating activities is 1,098,215,458.18, up from 865,914,287.63, indicating a growth of about 27%[38] - The cash outflow from operating activities is 1,305,906,265.90, compared to 859,582,259.58, resulting in a net cash flow from operating activities of -207,690,807.72, a decline from 6,332,028.05 in the previous period[38] - The ending balance of cash and cash equivalents is 1,486,802,441.39, compared to 773,363,981.28, which is an increase of approximately 92%[39] Investments and Projects - Investment in a 2GWh/a ultra-wide temperature range lithium-ion battery project with a total investment of approximately ¥1 billion[12] - Construction of a 20,000-ton battery-grade lithium carbonate project is underway, with preliminary work completed[14] - The company is actively investing in lithium battery projects, focusing on product specifics and application areas[24] Shareholder Information - The top shareholder, Gao Xingjiang, holds 38.49% of the shares, with a total of 156,234,300 shares[6] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[8] Research and Development - Research and development expenses increased by 37.68% to ¥43.54 million, reflecting a recovery from pandemic-related reductions[10] - R&D expenses increased to ¥43,543,875.85, a rise of 37.7% compared to ¥31,627,352.53 in the previous year[33] Other Financial Metrics - The company received government subsidies amounting to ¥43,338,464.03, primarily related to recycling of renewable resources[4] - The company reported a net profit of 1,022.12 million RMB from the raised funds during the first quarter of 2021, with a remaining balance of 11,443.17 million RMB as of March 31, 2021[21] - The company engaged in derivative investments, including forward foreign exchange contracts, with a total initial investment amount of USD 694.00 million and EUR 455.00 million, resulting in a total actual profit of 163.68 million RMB during the reporting period[19] Accounting and Compliance - There were no non-recurring gains or losses classified as regular gains or losses during the reporting period[5] - The company has no significant changes in accounting policies or principles regarding derivative investments compared to the previous reporting period[20] - The company has no violations regarding external guarantees during the reporting period[23] - The Q1 2021 report was not audited[42]