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]