证券代码：002805 证券简称：丰元股份 山东丰元化学股份有限公司 投资者关系活动记录表 编号：2022-007 | --- | --- | |---------------------------|-------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系 | □特定对象调研 □分析师会议□业绩说明会 | | 活动类别 | □媒体采访 □新闻发布会 □路演活动 | | | √现场参观 □其他 | | 参与单位名称 及人员姓名 | 盈科资本、东海基金、玄元投资等 20 余家机构 | | 时间 2022 | 年 8 月 23 日 | | 地点 枣庄基地 | | | 上市公司接待 人员姓名 | 庞林（财务总监）、倪雯琴（董事会秘书） | | | 本次交流会中，互动问答的主要内容（口头交流内容表述 | | | 可能存在误差，如与正式公告内容冲突，请以正式公告披露内 容为准）如下： 一、介绍公 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥503,701,607.89, representing a 116.27% increase year-on-year[4] - Net profit attributable to shareholders was ¥56,072,694.51, a significant increase of 250.51% compared to the same period last year[4] - The basic earnings per share rose to ¥0.31, reflecting a 244.44% increase year-on-year[4] - The company reported total assets of RMB 4.71 billion as of September 30, 2022, up from RMB 1.82 billion at the beginning of the year[47] - The company's total revenue for the reporting period was RMB 1.21 billion, compared to RMB 546.82 million in the previous period, representing a year-over-year increase of approximately 121.1%[51] - The total cost of operations for the reporting period was RMB 1.01 billion, up from RMB 491.48 million in the previous period, indicating a significant increase in operational expenses[51] - The net profit for Q3 2022 was CNY 150,043,984.93, a significant increase from CNY 38,693,703.66 in Q3 2021, representing a growth of approximately 287%[52] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.85, compared to CNY 0.24 in the same period last year, indicating a year-over-year increase of 254%[53] - Operating profit for Q3 2022 reached CNY 198,013,794.34, up from CNY 49,477,892.92 in Q3 2021, marking an increase of about 300%[52] - The total comprehensive income attributable to the parent company for Q3 2022 was CNY 150,492,997.41, compared to CNY 38,693,703.66 in Q3 2021, showing a growth of approximately 288%[52] - The company’s total profit for Q3 2022 was CNY 200,190,646.18, compared to CNY 49,347,815.15 in Q3 2021, representing an increase of about 305%[52] Assets and Equity - Total assets at the end of the reporting period amounted to ¥4,711,814,832.27, up 159.34% from the previous year-end[4] - The total equity attributable to shareholders increased to ¥2,114,488,581.30, a 102.73% rise from the previous year-end[4] - Cash and cash equivalents increased by ¥979,900,000, a 653% rise year-on-year, primarily due to funds raised from a private placement of shares[33] - Total cash and cash equivalents at the end of Q3 2022 amounted to CNY 1,141,477,590.74, a significant increase from CNY 151,578,173.23 at the end of Q3 2021[56] Cash Flow - The company reported a net cash outflow from operating activities of ¥-792,145,249.82, a decrease of 535.93% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of CNY -792,145,249.82 in Q3 2022, compared to a net outflow of CNY -124,565,427.25 in Q3 2021, indicating a worsening cash flow situation[54] - Cash inflow from financing activities in Q3 2022 was CNY 3,297,064,079.98, compared to CNY 521,332,520.16 in Q3 2021, reflecting a substantial increase in financing[56] - The company reported a cash outflow from investing activities of CNY 796,778,342.38 in Q3 2022, compared to CNY 153,930,968.34 in Q3 2021, indicating increased investment expenditures[56] Investments and Projects - The company plans to invest up to RMB 1.5 billion in the "Oxalic Acid Relocation and 100,000 Tons of Iron Phosphate Construction" project[39] - The company has established a joint venture, Fengyuan Dongjia New Energy Materials Co., Ltd., with Shandong Dongjia Group, to further develop the 100,000 tons of iron phosphate project[39] - The company is currently constructing a 40,000-ton lithium iron phosphate production line at the Zaozhuang base, which entered trial production at the end of August 2022[46] - By the end of 2022, the company's planned lithium battery cathode material capacity is expected to reach 140,000 tons, including 125,000 tons of lithium iron phosphate and 15,000 tons of ternary materials[43] - The company plans to start a 200,000-ton integrated phosphate project in the second half of 2023, adjusting plans based on market conditions and customer demand[43] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,270[35] - The largest shareholder, Zhao Guanghui, holds 33.51% of the shares, with 17 million shares pledged[35] - The top ten shareholders hold a significant portion of the shares, with the largest shareholder holding over 33%[35] - The company has not disclosed any related party relationships among the top shareholders[35] Subsidiaries and Capital Increases - The registered capital of the subsidiary, Fengyuan Huineng New Energy Materials Co., Ltd., has been increased to RMB 640.8 million after a capital increase of RMB 373.8 million[41] - The company’s subsidiary Fengyuan Lithium Energy has subscribed for RMB 2.338 billion of the new registered capital in Fengyuan Huineng[41] - The company established a wholly-owned subsidiary, Yunnan Fengyuan Mining Development Co., Ltd., with a registered capital of RMB 100 million, where Fengyuan Lithium Energy holds 75% equity[42] Regulatory Approvals - The company’s stock issuance was approved by the China Securities Regulatory Commission on July 1, 2022[38]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥709.62 million, representing a 126.05% increase compared to ¥313.92 million in the same period last year [22]. - Net profit attributable to shareholders reached approximately ¥94.42 million, a significant increase of 316.02% from ¥22.70 million in the previous year [22]. - The basic earnings per share increased to ¥0.53, up 253.33% from ¥0.15 in the same period last year [22]. - Total assets at the end of the reporting period were approximately ¥3.28 billion, an increase of 80.77% from ¥1.82 billion at the end of the previous year [22]. - The net profit after deducting non-recurring gains and losses was approximately ¥92.76 million, reflecting a 317.65% increase from ¥22.21 million in the same period last year [22]. - The company achieved total revenue of ¥709,619,113.44, representing a year-on-year increase of 126.05% [60]. - Net profit attributable to shareholders reached ¥94,420,302.90, up 316.02% compared to the previous year [60]. - The company's net assets attributable to shareholders increased by 12.01% to ¥1,133,192,495.18 [60]. - The lithium battery cathode materials business generated ¥577,419,230.04, accounting for 81.37% of total revenue, with a growth of 201.95% year-on-year [68]. Cash Flow and Investments - The company reported a net cash flow from operating activities of approximately -¥424.64 million, a decline of 576.73% compared to -¥62.75 million in the previous year [22]. - The company reported a significant increase in financing activities, with cash flow from financing activities amounting to ¥942,495,388.54, up 104.95% [68]. - The company invested ¥590,276,915.00 during the reporting period, a substantial increase of 1,348.89% compared to the previous year [75]. - The total cash outflow from investment activities was CNY 384.89 million, significantly higher than CNY 70.02 million in the first half of 2021 [188]. - The company invested CNY 378.89 million in fixed assets, a significant rise from CNY 69.64 million in the same period last year [188]. Research and Development - Research and development expenses increased by 211.20% to ¥3,198,341.47, reflecting the company's commitment to innovation [67]. - The company has applied for a total of 113 patents, with 73 patents granted as of June 30, 2022 [63]. - The company is committed to continuous R&D and innovation in its production processes, ensuring competitive advantages in quality and cost [56]. - The company is focused on enhancing its product structure to meet the diverse needs of the lithium battery market, including the development of new materials like sodium-ion batteries [53]. Market and Industry Position - The company focuses on the research, production, and sales of lithium-ion battery cathode materials, including lithium iron phosphate and ternary materials, which are used in electric vehicles and energy storage [30]. - The company is positioned to benefit from national policies supporting the new energy industry, particularly in the context of carbon peak and carbon neutrality goals [30]. - The energy storage market saw a significant increase in shipments in Q2 2022, with a year-on-year growth of over 200% due to the resolution of previous order backlogs [31]. - The company is actively expanding its lithium battery cathode materials business, focusing on high-value customer development and maintaining stable partnerships with major clients like BYD and Penghui Energy [52]. Risk Management - The company faces various risk factors in its daily operations, which are detailed in the management discussion and analysis section [3]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report [3]. - The company acknowledges the risk of structural overcapacity in the lithium battery cathode material industry due to aggressive expansion plans from competitors [93]. - The company will continuously invest in R&D and focus on market demand changes to maintain its technological advantage and reduce risks [91]. Environmental and Social Responsibility - The company has installed two sets of SCR (Selective Catalytic Reduction) devices for the treatment of acetic acid production waste gas, and has replaced coal-fired boilers with gas boilers equipped with low-nitrogen combustion devices [104]. - The company has implemented a closed-loop system for wastewater treatment, ensuring no external discharge of wastewater [104]. - The company actively participates in social responsibility initiatives, including donations for education and rural development projects [110]. - The company emphasizes environmental protection and sustainable development as a key aspect of its operations [109]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management [3]. - The company has appointed a new financial director and a board secretary as part of its management changes [99]. - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period, with a specific commitment regarding share transfer limitations [115]. - There were no non-operating fund occupations by controlling shareholders or other related parties during the reporting period [116]. Future Outlook - The company plans to increase lithium battery cathode material production capacity to 350,000 tons by 2025, with ongoing projects including 40,000 tons in Zaozhuang, 25,000 tons in Anqing, and 50,000 tons in Yuxi [93]. - Future guidance estimates revenue growth of 20% for the upcoming quarter, driven by new product introductions and market expansion efforts [200]. - The company has outlined a strategic plan for potential acquisitions, aiming to enhance its product portfolio and market reach [200].

Financial Performance - In 2021, the company's operating revenue reached ¥803,047,710.89, representing a 124.78% increase compared to ¥357,263,903.73 in 2020[18]. - The net profit attributable to shareholders was ¥53,090,239.10, a significant turnaround from a loss of ¥29,202,999.58 in 2020, marking a 281.80% increase[18]. - The revenue from lithium battery cathode materials accounted for 68.70% of total revenue in 2021, up from 36.84% in 2020, indicating a strategic shift in the company's main business focus[18]. - The basic earnings per share increased to ¥0.33 in 2021, compared to a loss of ¥0.20 per share in 2020, reflecting a 265.00% improvement[18]. - The total assets of the company at the end of 2021 were ¥1,816,825,158.45, a 64.12% increase from ¥1,106,987,046.01 at the end of 2020[18]. - The company reported a quarterly revenue of ¥256,224,986.15 in Q4 2021, showing a consistent growth trend throughout the year[23]. - The company achieved total revenue of ¥803,047,710.89 in 2021, representing a year-on-year growth of 124.78%[60]. - The net profit attributable to shareholders reached ¥53,090,239.10, marking a significant increase of 281.80% compared to the previous year[60]. - The lithium battery cathode materials business accounted for 68.70% of total revenue, with sales amounting to ¥551,671,885.98, reflecting a growth of 303.30%[65]. - The oxalic acid business generated revenue of ¥251,375,824.91, which is a 14.02% increase year-on-year[65]. Strategic Development - The company is focused on the development of lithium battery materials, which are critical for the growing electric vehicle market[13]. - The company aims to enhance its market position through the expansion of its product offerings in the lithium battery sector[13]. - The company is actively exploring mergers and acquisitions to strengthen its competitive edge in the chemical industry[12]. - The company has established a strategic cooperation agreement with the Chinese Academy of Sciences to jointly build a research institute for high-energy lithium battery materials[12]. - The company is committed to improving its financial reporting accuracy and transparency, as stated by its management team[4]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[130]. - The company plans to strengthen cooperation with key clients, including BYD, and is actively exploring international markets, having established an office in South Korea[109]. - The company is actively exploring new technologies, including cobalt-free and lithium-free cathode materials, to capture emerging market opportunities[56]. Research and Development - The company has increased its investment in research and development, ensuring sufficient funding for technological development[52]. - The company has formed a research team led by Chief Technology Officer Jin Youcheng, focusing on cutting-edge technology research[52]. - The company has established a provincial-level engineering technology research center for oxalic acid, improving its innovation capabilities[50]. - The company has applied for a total of 113 patents, with 71 patents granted, including 32 invention patents[62]. - The company has acquired 4 patents in the field of cathode materials, including a lithium battery cathode material mixing drying device and a lithium battery cathode material production crucible[51]. - The company is applying for 3 additional patents related to high-nickel ternary composite materials and their preparation methods[52]. - The company has introduced advanced pilot testing equipment for cathode materials, significantly supporting its R&D efforts and enhancing its independent innovation capabilities[53]. - The company is committed to increasing R&D investment to maintain its technological advantage and meet evolving market demands[114]. Production Capacity and Market Trends - The production capacity of lithium iron phosphate (LFP) materials is expected to reach 100,000 tons by the end of 2022, with ongoing expansions at multiple bases[32]. - The company has a total production capacity of 100,000 tons per year for industrial oxalic acid, refined oxalic acid, and oxalic acid derivatives, maintaining a leading market share in the industry[36]. - The lithium battery market is projected to exceed 1,450 GWh by 2025, with a compound annual growth rate of over 43%[29]. - The company plans to expand its lithium iron phosphate production capacity to 100,000 tons by the end of 2022, and the ternary material capacity to approximately 15,000 tons[60]. - The current production capacity for cathode materials is 17,000 tons, with a utilization rate of 37.46%, while an additional 33,000 tons of capacity is under construction[54]. - The company has successfully entered the qualified supplier system of CATL in January 2022, expanding its customer base to include major players like BYD and Penghui Energy[56]. Financial Management and Governance - The company has established a clear and independent governance structure, with distinct roles and responsibilities among the shareholders' meeting, board of directors, and management[122]. - The company has a complete and independent management system for employee management and social security, separate from shareholders[123]. - The company has maintained transparency in its remuneration practices as per the resolutions passed in the shareholders' meeting[136]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 24.69 million[137]. - The company has established a performance assessment mechanism for senior management to enhance their responsibilities and protect shareholder interests[136]. - The company has not engaged in any related party transactions that would compromise its asset independence[123]. - The company has a robust asset ownership structure, with all assets legally documented and free from shareholder encumbrances[123]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with total emissions of 1.73 tons of oxalic acid production waste gas, which is compliant with local standards[165]. - The company has implemented two sets of SCR (Selective Catalytic Reduction) devices for denitrification in its oxalic acid production, and has replaced coal-fired boilers with gas boilers[166]. - The company has established a self-monitoring plan for emissions, regularly publishing results to ensure transparency and public oversight[169]. - The company has implemented strict environmental protection measures, ensuring compliance with local pollution discharge standards for organized and unorganized emissions[167]. - The company has maintained effective operation of all pollution control facilities, ensuring compliance with environmental regulations[166]. - The company has a robust waste management system, ensuring proper treatment and disposal of solid waste according to national standards[169]. Risk Management - The company faces various risk factors in its daily operations, which are detailed in the management discussion section of the report[5]. - The company is facing risks related to raw material price fluctuations, which could impact its operating performance despite having a robust procurement management system[112]. - The competitive landscape in the lithium battery cathode materials sector is intensifying, with new entrants and existing companies expanding capacity, posing risks to the company's market position[114]. - The company emphasizes the importance of adapting to changes in national policies regarding the new energy vehicle industry, which could significantly affect product sales[114]. Shareholder Engagement - The company actively engages with shareholders, holding one annual general meeting and five extraordinary meetings to ensure transparency and protect minority shareholders' rights[171]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[178]. - The commitment includes a restriction on transferring or entrusting shares for 36 months from the date of the company's stock listing[178]. - The company has implemented measures to ensure fair and legal related party transactions, avoiding conflicts of interest[179].

Financial Performance - The company's revenue for Q1 2022 reached ¥277,087,335.99, representing a 116.50% increase compared to ¥127,984,131.84 in the same period last year[3] - Net profit attributable to shareholders was ¥40,704,584.19, a significant increase of 323.36% from ¥9,614,687.18 year-over-year[3] - The basic earnings per share rose to ¥0.23, up 228.57% from ¥0.07 in the previous year[3] - The total operating revenue for the first quarter of 2022 was approximately CNY 277.09 million, a significant increase from CNY 127.98 million in the same period last year, representing a growth of 116.1%[24] - The net profit for Q1 2022 was CNY 40,631,673.96, compared to CNY 9,614,687.18 in Q1 2021, representing an increase of approximately 322%[25] - The total profit for Q1 2022 was CNY 54,546,542.24, compared to CNY 11,046,610.99 in Q1 2021, marking an increase of approximately 394%[25] - The company incurred a total operating profit of CNY 54,553,574.36, compared to CNY 11,071,610.99 in the previous year, reflecting a growth of 392%[25] Assets and Liabilities - Total assets increased by 26.35% to ¥2,295,537,162.07 from ¥1,816,825,158.45 at the end of the previous year[3] - The total assets of the company reached approximately CNY 2.30 billion, up from CNY 1.82 billion at the beginning of the year, indicating a growth of 26.0%[23] - The total liabilities increased significantly, with other payables rising by 689.74% to ¥320,763,097.87, attributed to increased borrowings during the period[9] - The total liabilities increased to approximately CNY 1.15 billion from CNY 708.24 million, representing a rise of 62.7%[22] Cash Flow - The net cash flow from operating activities showed a drastic decline, amounting to -¥219,737,412.12 compared to ¥15,593,122.66 in the same period last year, a change of -1,509.19%[3] - Cash inflow from operating activities was CNY 201,737,160.88, compared to CNY 124,086,722.33 in Q1 2021, reflecting an increase of 62.5%[27] - Cash outflow from operating activities surged to CNY 421,474,573.00, compared to CNY 108,493,599.67 in the previous year, resulting in a net cash flow from operating activities of -CNY 219,737,412.12[27] - Total cash inflow from financing activities reached CNY 502,979,100.00, significantly higher than CNY 31,431,565.58 in Q1 2021[28] - The net cash flow from financing activities was CNY 356,547,109.16, compared to -CNY 15,877,166.22 in the same period last year, indicating a positive turnaround[28] - The company's cash and cash equivalents at the end of the first quarter were approximately CNY 356.47 million, down from CNY 365.62 million at the beginning of the year[20] Investments and Expenditures - Research and development expenses surged by 376.62% to ¥1,330,150.21 from ¥279,077.60, indicating increased investment in innovation[9] - In Q1 2022, the cash paid for the purchase of fixed assets, intangible assets, and other long-term assets increased to ¥133.71 million, a rise of 674.02% compared to the previous period[10] - Investment cash payments reached ¥6 million, reflecting a significant increase of 5128.87% due to higher external investment amounts during the reporting period[10] - The company plans to use ¥71.4 million from the raised funds for the project, which aims to introduce advanced production equipment[15] - The company established a wholly-owned subsidiary, Fengyuan (Yunnan) Lithium Energy Technology Co., Ltd., to operate a project with a total investment of approximately CNY 1 billion, aimed at producing 50,000 tons of lithium iron phosphate cathode materials annually[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,923, with the largest shareholder holding 33.51% of the shares[12] - The largest shareholder, Zhao Guanghui, pledged 17 million shares, indicating a significant commitment to the company[12] Strategic Initiatives - A strategic cooperation agreement was signed with the Yuxi Municipal Government, and an investment agreement was established for a project in Yuxi City, with an investment scale of 200,000 tons[16] - The company initiated a non-public offering of A-shares, aiming to raise up to ¥940 million for a project with a total investment of ¥920.44 million, which includes the construction of a production line for lithium battery cathode materials[15] Inventory and Receivables - The company's inventory increased by 66.29% to ¥271,367,412.07, primarily due to rising material and product costs[8] - Accounts receivable increased to approximately CNY 426.77 million from CNY 347.62 million, reflecting a growth of 22.7%[20] - Inventory levels rose significantly to approximately CNY 271.37 million, compared to CNY 163.19 million at the beginning of the year, marking a 66.5% increase[21]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[5] - The net profit attributable to shareholders was 177 million RMB, an increase of 20% compared to the previous year[5] - In 2021, the company's operating revenue reached ¥803,047,710.89, representing a 124.78% increase compared to ¥357,263,903.73 in 2020[18] - The net profit attributable to shareholders was ¥53,090,239.10, a significant turnaround from a loss of ¥29,202,999.58 in 2020, marking a 281.80% increase[18] - The revenue from lithium battery cathode materials accounted for 68.70% of total revenue in 2021, up from 36.84% in 2020, indicating a strategic shift in the company's main business focus[18] - The revenue from oxalic acid was ¥251,375,824.91, with a year-on-year growth of 23.84%[64] - The revenue contribution from lithium battery cathode materials to total revenue increased to 68.70%, marking a significant shift in the company's main business focus[76] - The company reported a total revenue of 64.33 million in 2020, which increased to 60.62 million in 2023, indicating a decline of approximately 5.3%[130] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[5] - The company plans to continue expanding its lithium battery materials business, which is expected to drive future revenue growth[18] - The company is actively expanding its market presence and deepening cooperation with high-value customers in the lithium battery sector[59] - The company is actively exploring international markets, having established an office in South Korea to facilitate technical exchanges with LG and SK[113] Research and Development - The company has allocated 100 million RMB for research and development in new technologies for battery materials[5] - The company has invested significantly in R&D, acquiring advanced research equipment to enhance its innovation capabilities[51] - The company is focusing on the research and development of next-generation lithium battery cathode materials, aiming to solve key issues in NCA material technology development and industrialization[53] - The company has established a provincial-level oxalic acid engineering technology research center to enhance its research and development capabilities[50] - The company has increased R&D funding to support technological development and innovation[51] - The company applied for a total of 113 patents, including 32 invention patents and 73 utility model patents, as part of its innovation strategy[61] Production Capacity and Operations - The production capacity of lithium iron phosphate (LFP) materials is expected to reach 100,000 tons by the end of 2022, with ongoing expansions at multiple bases[32] - The company has a total production capacity of 100,000 tons per year for industrial oxalic acid, refined oxalic acid, and oxalic acid derivatives, maintaining a leading market share[36] - The company has a total production capacity of 100,000 tons per year for oxalic acid, with 85,000 tons for industrial oxalic acid, 10,000 tons for refined oxalic acid, and 5,000 tons for oxalic acid derivatives[44] - The company's cathode material production capacity is 17,000 tons, with a utilization rate of 37.46%, and an additional 33,000 tons under construction[53] Financial Management and Governance - The company has established a clear and independent governance structure, with distinct roles and responsibilities among the shareholders' meeting, board of directors, and management[125] - The company has a robust independent management system for employees, ensuring no overlap with the controlling shareholders' enterprises[125] - The company has established a performance assessment mechanism for senior management to enhance their responsibilities and protect shareholder interests[139] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 24.69 million[139] Environmental Responsibility - The company has made significant investments in pollution control facilities, enhancing its environmental responsibility[167] - The company adheres to environmental protection regulations, ensuring that all construction projects comply with environmental impact assessments and administrative permits[169] - The company has implemented a self-monitoring plan for emissions, regularly testing pollutants such as nitrogen oxides, ammonia, and particulate matter, with results publicly available[170] - The company has installed two sets of SCR (Selective Catalytic Reduction) devices for denitrification in the oxalic acid production process, and has replaced coal-fired boilers with gas-fired boilers[167] Risks and Challenges - Risk factors identified include fluctuations in raw material prices and regulatory changes impacting the chemical industry[5] - The company faces risks from raw material price fluctuations, which could impact operational performance despite established procurement management systems[117] - The competitive landscape in the lithium battery cathode materials sector is intensifying, with new entrants and existing companies expanding capacity[118] - The company is exposed to policy risks, particularly changes in national policies affecting the new energy vehicle industry, which could impact product sales[118] Employee Management - The total number of employees at the end of the reporting period was 463, with 213 in the parent company and 250 in major subsidiaries[148] - The professional composition includes 271 production personnel, 10 sales personnel, 110 technical personnel, 8 financial personnel, and 64 administrative personnel[148] - The company implements a performance-based salary structure, considering factors such as job responsibilities and overall business performance[150] - The company plans to conduct targeted internal training and external learning for employees to enhance their skills and meet strategic needs[151]

证券代码：002805 证券简称：丰元股份 公告编号：2021-087 山东丰元化学股份有限公司 关于参加山东辖区上市公司 2021 年度 投资者网上集体接待日活动的公告 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 为进一步加强与广大投资者的沟通交流，做好投资者关系管理工作，山东丰 元化学股份有限公司（以下简称"公司"）将参加由山东证监局、山东上市公司 协会联合举办，深圳市全景网络有限公司（以下简称"全景网"）承办的"山东 辖区上市公司 2021 年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过全景网提供的互联网平台举行，投资 者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与本次活动，活 动时间为：2021 年 11 月 16 日（星期二）14:00 至 16:00。 届时公司董事长（代董事会秘书）赵光辉先生及证券事务代表倪雯琴女士将 通过网络在线问答互动的形式，与投资者沟通交流。欢迎广大投资者积极参与。 特此公告。 山东丰元化学股份有限公司 董事会 2021 年 11 月 13 日 ...

Financial Performance - Revenue for Q3 2021 reached ¥232,905,253.58, an increase of 123.07% year-over-year, and cumulative revenue for the year was ¥546,822,724.74, up 105.00%[3] - Net profit attributable to shareholders was ¥15,997,450.48, a staggering increase of 2959.48% year-over-year, with a cumulative net profit of ¥38,693,703.66, up 882.78%[3] - Basic earnings per share for Q3 2021 were ¥0.09, reflecting a 2202.00% increase year-over-year, while diluted earnings per share were also ¥0.09[3] - Total operating revenue for Q3 2021 reached CNY 546.82 million, a significant increase of 105.5% compared to CNY 266.74 million in the same period last year[22] - Net profit for Q3 2021 was CNY 38.69 million, a substantial rise from CNY 3.94 million in Q3 2020, reflecting a growth of 880.5%[23] - Basic earnings per share increased to CNY 0.24, compared to CNY 0.03 in the previous year[24] Assets and Liabilities - Total assets increased to ¥1,503,102,837.80, a growth of 35.78% compared to the end of the previous year[3] - Total assets as of Q3 2021 amounted to CNY 1.50 billion, up from CNY 1.11 billion at the end of the previous year, marking a growth of 35.7%[20] - Total liabilities decreased to CNY 475.24 million from CNY 559.89 million, a reduction of 15.1%[20] - Total liabilities amount to ¥559,890,985.80[30] - Total equity attributable to shareholders is ¥547,096,060.21[30] - Total assets and liabilities combined amount to ¥1,106,987,046.01[30] Cash Flow and Financing - Operating cash flow net amount decreased by ¥124,565,427.25, a decline of 343.44% year-over-year, mainly due to increased accounts receivable and prepayments for raw materials[9] - The company’s financing activities generated a net cash inflow of ¥43,290,900, a significant increase of 1469.20% year-over-year, primarily from a private placement[9] - Cash inflow from financing activities totaled $521.33 million, significantly higher than $82.01 million in the previous period[26] - Net cash flow from financing activities was $403.44 million, compared to a net outflow of -$29.47 million in the previous period[26] - Cash and cash equivalents at the end of the period increased to $151.58 million, up from $13.69 million at the end of the previous period[26] Accounts Receivable and Inventory - Accounts receivable rose by ¥144,171,900, a 100.31% increase year-over-year, primarily due to significant sales growth in lithium battery cathode materials[7] - Accounts receivable rose significantly to RMB 287,895,594.57, up from RMB 143,723,657.72, indicating an increase of 100.1% year-over-year[18] - The inventory level as of September 30, 2021, was RMB 145,125,891.49, slightly down from RMB 145,836,988.36 at the end of 2020[18] Production and Investment Plans - The company has commenced mass production of its 5,000-ton lithium iron phosphate production line and 2,000-ton conventional ternary production line since October 2021[14] - The company plans to invest in a new production base for lithium battery cathode materials in Anqing, with an annual capacity of 50,000 tons, to be constructed in two phases[16] - The company has established a joint venture with Anhui Jintong New Energy Fund to invest in a new subsidiary in Anqing[15] - The company is currently preparing for land acquisition, equipment procurement, and personnel setup for the new production base project[16] Government Support and Other Income - The company received government subsidies amounting to ¥42,222.21 during the reporting period[5] - The company has utilized RMB 58 million of idle raised funds to supplement working capital as of the report date[15] Audit and Reporting - The report for the third quarter is unaudited[31]

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was 200 million RMB, up 20% compared to the same period last year[16]. - The company's operating revenue for the reporting period was ¥313,917,471.16, representing a 93.38% increase compared to ¥162,331,971.38 in the same period last year[21]. - Net profit attributable to shareholders was ¥22,696,253.18, a significant increase of 564.74% from ¥3,414,300.78 in the previous year[21]. - The company's total assets at the end of the reporting period reached ¥1,505,867,692.54, up 36.03% from ¥1,106,987,046.01 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 84.93% to ¥1,011,725,011.83 from ¥547,096,060.21 at the end of the previous year[21]. - The company achieved a revenue of CNY 313.92 million in the first half of 2021, a 93.38% increase compared to CNY 162.33 million in the same period last year[52]. - Net profit attributable to shareholders reached CNY 22.70 million, up 564.74% from CNY 3.41 million year-on-year[52]. - The total comprehensive income for the first half of 2021 was CNY 22,696,253.18, compared to CNY 3,414,300.78 in the first half of 2020, reflecting an increase of about 564.5%[166]. Market Expansion and Demand - User data indicates a 25% increase in demand for lithium battery products, driven by the growing electric vehicle market[16]. - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[16]. - Future guidance estimates a revenue growth of 10-15% for the second half of 2021, driven by increased production capacity[16]. - The company has identified potential growth in the non-rare earth mining sector, where oxalic acid is gradually replacing more polluting materials[31]. - The lithium battery cathode materials industry saw a total production of 436,000 tons in the first half of 2021, a year-on-year increase of 134.9%[38]. - The production of ternary materials reached 171,000 tons, growing by 120.2% year-on-year, while lithium iron phosphate production surged by 236.9% to 155,000 tons[38]. Research and Development - The company plans to invest 300 million RMB in R&D for new lithium battery materials in the upcoming year[16]. - The company is focusing on developing high-purity oxalic acid, with a target production increase of 50% by the end of 2021[16]. - The company has formed strategic partnerships for R&D in lithium battery materials, including a collaboration with the Chinese Academy of Sciences to enhance its technological capabilities[49]. - Research and development expenses decreased by 72.58% to CNY 1.03 million due to differences in project progress[59]. Production Capacity and Efficiency - The company has a total production capacity of 100,000 tons per year for oxalic acid, with 85,000 tons for industrial oxalic acid and 10,000 tons for refined oxalic acid[32]. - The company has an annual production capacity of 100,000 tons for industrial oxalic acid, refined oxalic acid, and oxalic acid derivatives, maintaining a leading market share in the industry[44]. - The company utilizes advanced production processes such as "improved carbohydrate oxidation method," which enhances production efficiency and reduces costs[47]. Financial Management and Investments - The company plans to focus on capacity enhancement and market expansion in the second half of the year[55]. - The company reported a significant increase in income tax expenses by 3,813.36% to CNY 5.72 million, attributed to the substantial growth in profit[57]. - Cash flow from financing activities increased dramatically to CNY 459.86 million due to a targeted issuance of shares[59]. - The company has invested a total of 203,287,000 in the lithium iron phosphate project, with a completion rate of 85%[72]. - The total investment across all projects amounts to 459,605,000, with a completion rate of 13.12%[73]. Environmental Compliance and Sustainability - The company reported a total emission of 0.663 tons of sulfur dioxide, with a concentration of 7.7 mg/m³, compliant with the pollution discharge standards[94]. - The company has implemented a closed-loop wastewater treatment system since August 2017, eliminating external discharge of wastewater[95]. - The company has constructed two SCR denitrification devices and various air pollution control facilities, which are operating normally during the reporting period[95]. - The company emphasizes environmental protection and sustainable development, integrating these efforts into daily operations and adhering to relevant environmental regulations[100]. Shareholder and Corporate Governance - No cash dividends or stock bonuses will be distributed to shareholders for this period[6]. - The company has made commitments regarding stock transfer restrictions, ensuring that major shareholders do not transfer or delegate management of their shares within specified timeframes[105]. - The company has no stock incentive plans or employee shareholding plans in place during the reporting period[93]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. Risk Factors - Risk factors include fluctuations in raw material prices and regulatory changes in the chemical industry[5]. - The company faces risks related to price fluctuations of raw materials, particularly for oxalic acid and lithium battery materials, which could impact profit margins significantly[83]. - The competitive landscape in the oxalic acid industry is concentrated, with a few companies dominating the market, potentially leading to increased competition and pressure on profit margins[83]. Corporate Structure and Subsidiaries - The company has four subsidiaries, including Shandong Fengyuan Fine Materials Co., Ltd. and Shandong Fengyuan Lithium Energy Technology Co., Ltd.[195]. - The company’s subsidiary, Shandong Fengyuan Lithium Energy Technology Co., Ltd., achieved a revenue of 188,102,475.71 CNY and a net profit of 13,258,887.56 CNY, reflecting a profit margin of about 7.04%[81].

Financial Performance - The company's revenue for Q1 2021 was CNY 127,984,131.84, representing a 91.36% increase compared to CNY 66,879,655.79 in the same period last year[9]. - Net profit attributable to shareholders reached CNY 9,614,687.18, a significant increase of 824.99% from CNY 1,039,441.68 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was CNY 9,138,075.75, up 797.48% from CNY 1,018,191.68 in the previous year[9]. - The basic earnings per share rose to CNY 0.070, a 600.00% increase from CNY 0.010 in the same quarter last year[9]. - Total operating revenue for Q1 2021 reached ¥127,984,131.84, compared to ¥66,879,655.79 in the previous period, indicating a significant increase[53]. - Net profit for Q1 2021 was ¥9,614,687.18, a substantial increase from ¥1,039,441.68 in the same period last year[55]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.070, compared to ¥0.010 in the previous period[56]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,149,638,051.46, reflecting a 3.85% increase from CNY 1,106,987,046.01 at the end of the previous year[9]. - The company's current assets totaled CNY 554,693,800.44, up from CNY 517,596,413.25 at the end of 2020, reflecting a growth of approximately 7.4%[44]. - Total liabilities increased to CNY 592,775,842.03 from CNY 559,890,985.80, marking an increase of about 5.9%[46]. - Total assets as of March 31, 2021, amounted to ¥884,913,726.08, an increase from ¥868,983,125.68 at the end of 2020[50]. - Total liabilities as of March 31, 2021, were ¥315,052,670.89, compared to ¥304,142,763.40 at the end of 2020[51]. - The total assets of the company were CNY 868,983,125.68, reflecting the sum of liabilities and equity[73]. Cash Flow - The net cash flow from operating activities was CNY 15,593,122.66, which is a 20.30% increase compared to CNY 12,962,320.99 in the same period last year[9]. - Cash flow from operating activities generated a net amount of ¥15,593,122.66, compared to ¥12,962,320.99 in the previous period[63]. - The net cash flow from operating activities for Q1 2021 was ¥6,055,407.71, a decrease of 64.4% compared to ¥17,061,935.69 in the same period last year[65]. - Total cash inflow from operating activities was ¥53,813,080.14, while cash outflow was ¥47,757,672.43, resulting in a net cash inflow of ¥6,055,407.71[67]. - The company reported a significant increase in cash outflows for investment activities, totaling ¥19,154,939.24 in Q1 2021 compared to ¥11,013,561.64 in Q1 2020[67]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,757[13]. - The company's equity attributable to shareholders reached CNY 556,862,209.43, compared to CNY 547,096,060.21 at the end of 2020, showing an increase of approximately 1.6%[47]. Government Subsidies and Certifications - The company received government subsidies amounting to CNY 587,500.01 during the reporting period[10]. - The company received government subsidies totaling 4.9215 million RMB in the first quarter, with 0.49215 million RMB related to income and 4.359 million RMB related to assets[25]. - The company successfully passed the re-certification as a national high-tech enterprise, allowing it to enjoy a reduced corporate income tax rate of 15% for three years[27]. - The company successfully passed the high-tech enterprise certification again, with the announcement made on January 21, 2021[29]. Strategic Initiatives - The company signed a strategic cooperation agreement with the Chinese Academy of Sciences for the establishment of a high-energy lithium battery materials research institute[26]. - The company signed a strategic cooperation agreement with the Qingdao Institute of Bioenergy and Process Research, with the announcement made on December 18, 2020[29]. - The company is in the process of non-publicly issuing A-shares, with the relevant work currently underway[21]. - The company announced a non-public offering of A-shares approved by the China Securities Regulatory Commission, with the announcement made on February 28, 2020[28]. Risk Management - The company has engaged in commodity futures hedging to mitigate operational risks associated with raw material price fluctuations[38]. - The company implemented strict controls on hedging varieties to match its production and operation needs, reducing the risk of price fluctuations[34]. - The company has established a timely reporting system for abnormal situations to enhance risk management efficiency[34]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[30].