编号：IR-2019-003 证券代码：002809 证券简称：红墙股份 广东红墙新材料股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------|------------------------------------------------------------| | | | | | R 特定对象调研□分析师会议 | | | □ 媒体采访□业绩说明会 | | 投资者关系 | □ 新闻发布会□路演活动 | | 活动类别 | □现场参观 | | | □ 其他（请文字说明其他活动内容） | | 参与单位名 | | | 称及人员姓 名 | 国盛证券研究所 化工&石化行业资深分析师 孙琦祥 | | 时间 | 2019 年 03 月 14 日 14:55-18:05 | | 地点 | 红墙股份深圳办公室 | | 上市公司接 待人员姓名 | 董杰、殷钊 | | 投资者关系 | 以介绍和互动问答结合的形式与投资者进行交流，内容如下： | | 活动主要内 | 一、红墙股份经营近况 | | 容介绍 | 在 IPO 前红墙股份外加剂市场集中在华南地区及周边，在 | | | ...

编号：IR-2021-001 证券代码：002809 证券简称：红墙股份 广东红墙新材料股份有限公司投资者关系活动记录表 | --- | --- | |-------------|------------------------------------------------| | | □ 特定对象调研□分析师会议 | | 投 资 者 关 | □ 媒体采访□业绩说明会 | | 系 活 动 类 | □ 新闻发布会□路演活动 | | 别 | ☑ 现场参观☑其他（电话会议） | | | 中信建投 邓天泽 | | 参 与 单 位 | 国金证券 杨翼荥 | | 名 称 及 人 | 中银国际 赵颖芳 | | 员姓名 | 华能信托 王海峰 | | | 申万宏源 张满义、王琪、李楠竹 | | 时间 | 2021 年 1 月 21 日 10:30-12:30 | | 地点 | 公司会议室 | | 上 市 公 司 | 董事长 刘连军 董事会秘书 程占省 | | 接 待 人 员 | 财务总监 董杰 | | 姓名 | 证券事务代表 何嘉雄 | | 投 资 者 关 | 公司董事长对公司情况及未来发展规划情况作介绍。 | | 系 活 动 ...

证券代码：002809 证券简称：红墙股份 广东红墙新材料股份有限公司投资者关系活动记录表 编号：IR-2021-003 | --- | --- | --- | --- | --- | |------------------------------|-------------------------------------------------|----------------|------------------------------------------------------|--------------------------------------------------------| | 投 资 者 关 \n系 活 动 类 别 | □媒体采访□业绩说明会 \n□新闻发布会□路演活动 \n☑ | | □特定对象调研□分析师会议 \n现场参观□其他（电话会议） | | | | | | 亿衍资产 唐功勋 海通证券 刘威 | | | | | | 连翘资产 吴礼鹏 安信证券 | 孟瞳媚 | | | | | 中融信托 尤昊博 银河证券 任文坡 | | | 参 与 单 位 | | | 百嘉基金 王群航 长 ...

编号：IR-2022-002 证券代码：002809 证券简称：红墙股份 广东红墙新材料股份有限公司投资者关系活动记录表 | --- | --- | |--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投 资 者 关 \n系 活 动 类 别 | □特定对象调研□分析师会议 \n□媒体采访 ☑ 业绩说明会 \n□新闻发布会□路演活动 \n□现场参观□其他（电话会议） | | 参 与 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥455,125,027.14, a decrease of 41.52% compared to ¥778,214,062.50 in the same period last year[21]. - The net profit attributable to shareholders was ¥37,696,641.78, down 46.93% from ¥71,036,087.40 year-on-year[21]. - The basic earnings per share decreased to ¥0.18, down 47.06% from ¥0.34 in the same period last year[21]. - The company reported a significant decrease of 62.02% in net profit after deducting non-recurring gains and losses, amounting to ¥21,623,532.76 compared to ¥56,940,920.28 in the previous year[21]. - The weighted average return on equity was 2.59%, down from 5.28% in the same period last year, reflecting a decrease of 2.69%[21]. - The company's total accounts receivable, notes receivable, and financing receivables amounted to CNY 1.38 billion, representing 62.39% of total assets, down from 64.68% in the previous year[71]. - The company reported a significant reduction in investment, with total investments of CNY 41.71 million, down 55.25% from CNY 93.19 million in the same period last year[60]. - The company reported a net cash decrease of ¥62,112,889.41, a decline of 190.19% compared to an increase of ¥68,870,754.60 in the previous year[51]. - The company's cash and cash equivalents decreased to CNY 407.64 million, a decline of 18.46% compared to CNY 469.15 million in the previous period[58]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥108,876,513.14, compared to a negative cash flow of ¥82,637,917.16 in the previous year, marking a 231.75% increase[21]. - The cash flow from operating activities showed a significant increase of 231.75%, reaching ¥108,876,513.14, compared to a negative cash flow of -¥82,637,917.16 in the previous year[51]. - The company reported a total cash outflow for investment activities of CNY 248,423,734.41, compared to a smaller outflow of CNY 95,605,464.66 in the previous year[169]. - The company invested CNY 200,000,000.00 in other investment activities during the first half of 2022[171]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,208,657,851.22, a decline of 9.42% from ¥2,438,353,603.15 at the end of the previous year[21]. - The company's total liabilities decreased to CNY 1,837,794,598.70 from CNY 2,059,186,000.00, reflecting a reduction of approximately 10.7%[154]. - The company's current assets totaled CNY 1,838,172,449.92, down from CNY 2,098,608,968.13 at the beginning of the year, indicating a decrease of about 12.5%[153]. - The company's inventory decreased to CNY 64,480,613.48 from CNY 77,335,770.31, representing a decline of about 16.6%[153]. Research and Development - Research and development investment was ¥22,140,267.28, down 15.94% from ¥26,338,072.05, indicating a reduction in R&D spending[51]. - The company has a strong R&D team capable of developing differentiated additives, enhancing adaptability to various raw materials used in concrete[36]. - The company is actively pursuing R&D in non-ionic surfactants and polyether polyols to address regional market gaps, focusing on high-performance and cost-effective products[40]. - The company has applied for 115 patents, including 80 invention patents, ranking among the top in the industry for patent quantity, and has been recognized as a Guangdong Province Intellectual Property Demonstration Enterprise[43]. Market Position and Strategy - The company is a leading manufacturer of concrete additives, recognized as one of the top ten comprehensive concrete additive enterprises in China for twelve consecutive years[31]. - The market share of high-performance water-reducing agents (polycarboxylate-based) exceeds 80% and continues to rise, driven by the demand for energy-saving and environmentally friendly solutions[30]. - The company has established long-term partnerships with major clients, including China Resources Cement and various well-known construction enterprises, ensuring a stable customer base[33]. - The company has successfully developed and launched new concrete additives such as concrete accelerators, release agents, fibers, and shrinkage reducers, with plans to introduce additional products like surface enhancers and waterproof agents to the market[37]. Legal and Compliance - The company is involved in several ongoing litigation cases, with amounts involved including 224.47 million, 201.65 million, 307.85 million, and 450.77 million yuan, all of which are in various stages of litigation[106]. - The company has resolved a lawsuit with a settlement amount of 300 million yuan, which had a minor impact on the company[106]. - The company has reported that the impact of ongoing litigation is generally small on its operations[107]. - The company has no significant related party transactions during the reporting period[112]. Corporate Governance - The company has experienced changes in its board and management, including the resignation and appointment of independent directors and financial officers[79]. - The company has implemented a stable profit distribution policy to ensure reasonable returns to investors[97]. - The financial report was approved by the board on August 16, 2022, and includes consolidated financial statements for 18 subsidiaries[186]. - The semi-annual financial report was not audited[103].

Financial Performance - The company's operating revenue for Q1 2022 was ¥192,542,124.64, a decrease of 35.60% compared to ¥298,990,853.83 in the same period last year[3] - Net profit attributable to shareholders was ¥8,996,604.58, down 65.64% from ¥26,183,768.89 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,848,639.35, a significant decline of 90.53% from ¥19,530,753.31 in the previous year[3] - The company reported a revenue of ¥192,542,124.64, a decrease of 35.60% year-on-year[12] - The net profit for the period was ¥8,996,604.58, down 65.64% compared to the previous year[12] - Operating profit decreased significantly to $5.05 million from $24.38 million, representing an 79.3% decline year-over-year[21] - The company reported a total comprehensive income of $9.40 million, down from $25.09 million, showing a significant decline in overall profitability[22] Assets and Liabilities - The company's total assets decreased by 6.52% to ¥2,279,395,202.25 from ¥2,438,353,603.15 at the end of the previous year[3] - Cash and cash equivalents decreased to ¥356,782,088.57 from ¥469,150,024.52 at the beginning of the year[16] - Accounts receivable decreased to ¥1,029,479,445.43 from ¥1,125,372,321.20 at the beginning of the year[16] - Total assets decreased to ¥2,279,395,202.25 from ¥2,438,353,603.15 at the beginning of the year[18] - Total liabilities decreased to ¥824,753,635.94 from ¥1,010,144,892.43 at the beginning of the year[18] - The company's equity attributable to shareholders increased to ¥1,454,641,566.31 from ¥1,428,208,710.72 at the beginning of the year[18] Cash Flow - The net cash flow from operating activities improved to -¥15,942,391.62, an 82.23% increase compared to -¥89,713,179.39 in the previous year[3] - Cash flow from operating activities showed a net outflow of $15.94 million, an improvement from a net outflow of $89.71 million in the previous period[25] - The net cash flow from investment activities was -4,301,290.52 CNY, a decrease from -6,647,606.74 CNY in the previous period[26] - The total cash inflow from financing activities was 20,562,860.09 CNY, compared to 166,524,149.13 CNY previously[26] - The net cash flow from financing activities was -92,124,253.81 CNY, a significant decline from 145,155,463.00 CNY in the previous period[26] - The net increase in cash and cash equivalents was -112,367,935.95 CNY, contrasting with an increase of 48,794,676.87 CNY in the previous period[26] - The ending balance of cash and cash equivalents was 356,782,088.57 CNY, down from 469,150,024.52 CNY at the beginning of the period[26] Operational Challenges - The decline in revenue and profit was primarily due to the impact of government pandemic control measures affecting production and logistics[12] - The company faced fixed operational costs despite the decline in revenue, impacting net profit[13] - The company is currently exploring strategies for market expansion and new product development to recover from the downturn[12] Cost Management - The company reported a 35.27% decrease in operating costs, amounting to ¥140,116,848.72, compared to ¥216,468,586.52 in the same period last year[7] - Total operating costs amounted to $193.15 million, down from $277.30 million, reflecting a reduction of 30.4%[20] - Sales expenses decreased to $22.10 million from $24.97 million, reflecting cost control measures[21] Other Income and Expenses - Other income increased significantly by 1,534.30% to ¥1,132,757.64, primarily due to increased government subsidies received[8] - Research and development expenses were $10.81 million, slightly down from $11.97 million, indicating a focus on maintaining R&D investment[21] - Other comprehensive income after tax was $403,347.14, compared to a loss of $1.09 million in the previous period, indicating a positive shift[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,550[10] - Basic and diluted earnings per share were both $0.04, down from $0.13 in the previous period[22] Audit Information - The company did not undergo an audit for the first quarter report[27]

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.55 billion, representing a 16.09% increase compared to ¥1.34 billion in 2020[18]. - The net profit attributable to shareholders decreased by 20.45% to approximately ¥112.75 million from ¥141.75 million in 2020[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥82.45 million, down 26.43% from ¥112.08 million in 2020[18]. - The net cash flow from operating activities improved significantly to approximately ¥110.04 million, a 283.41% increase from a negative cash flow of ¥59.99 million in 2020[18]. - The total assets of the company increased by 24.13% to approximately ¥2.44 billion at the end of 2021, compared to ¥1.96 billion at the end of 2020[18]. - The net assets attributable to shareholders rose by 9.14% to approximately ¥1.43 billion at the end of 2021, up from ¥1.31 billion at the end of 2020[18]. - The basic earnings per share decreased by 21.43% to ¥0.55 from ¥0.70 in 2020[18]. - The diluted earnings per share also fell by 22.86% to ¥0.54 from ¥0.70 in 2020[18]. - The weighted average return on equity was 8.24%, down from 11.47% in 2020, indicating a decline in profitability[18]. Revenue Breakdown - In 2021, the company's total revenue for the four quarters was approximately CNY 1.55 billion, with the highest revenue in Q2 at CNY 479.22 million[22]. - The net profit attributable to shareholders for the year was CNY 112.77 million, with Q2 showing the highest quarterly profit of CNY 44.85 million[22]. - The concrete admixture segment generated CNY 1.48 billion, accounting for 95.49% of total revenue, with a year-on-year growth of 21.57%[67]. - The revenue from the cement segment decreased by 40.83% to CNY 69.13 million, indicating a significant decline in this area[67]. Market and Industry Trends - The construction materials industry is experiencing increased regulatory scrutiny, leading to higher industry entry barriers and promoting sustainable development[28]. - Mechanized sand usage has increased from 21% in 2005 to 75% in 2020, reflecting a significant shift in material sourcing[28]. - The concrete admixture industry in China is highly competitive, with a low industry concentration (CR10 < 20%) and many small enterprises dominating the market[33]. - High-performance water-reducing agents (polycarboxylate-based) have become the mainstream product, with a market share exceeding 70% and continuing to rise[34]. Research and Development - The company has 62 authorized invention patents related to its core technologies, enhancing its product development capabilities[42]. - The company has established a specialized R&D team for the development of epoxy derivatives, focusing on green and sustainable industrial applications[48]. - The total R&D investment for 2021 was 55,219,288.95 CNY, representing a 29.07% increase compared to 42,782,694.35 CNY in 2020, and accounting for 3.56% of operating revenue[85]. - The company aims to enhance R&D efficiency by strengthening partnerships with renowned institutions and optimizing the R&D team structure[85]. Production and Supply Chain - The procurement model for major raw materials is centralized, with the procurement amount accounting for 66.03% of total procurement[42]. - The average price of polyether monomer increased from 8,160.00 RMB in the first half to 8,535.00 RMB in the second half of the year[42]. - The company is focused on extending its production chain upstream to secure raw material supply and enhance profitability[112]. - The company aims to enhance its supply chain by securing self-supply of raw materials like polyether monomers, which will improve profit margins from the extended supply chain[64]. Corporate Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring transparency and protecting shareholder rights[120]. - The company maintains independent operations and has a complete business process, ensuring no reliance on its controlling shareholders for production and operations[128]. - The company has established an independent financial department and a separate accounting system, ensuring independent financial decision-making and compliance with accounting standards[132]. - The company has a clear separation of labor, personnel, and salary management from its controlling shareholders and related enterprises[132]. Environmental and Social Responsibility - The company has achieved compliance with Guangdong Province's clean production standards, demonstrating commitment to environmental protection[179]. - The company has implemented effective pollution control technologies and energy-saving measures[179]. - The company donated 9 million RMB to the Guangdong Hongqiang Charity Foundation in 2021, with an annual contribution of 3 million RMB planned from 2021 to 2023[180]. - The company is committed to supporting the development of new materials in the building materials industry and aiding poverty alleviation efforts[180]. Future Outlook and Strategic Plans - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[144]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on eco-friendly materials[144]. - The company plans to invest 660 million in a project at the Daya Bay Petrochemical Industrial Park, aiming for an annual production capacity of 320,000 tons of epoxy derivatives, with production expected to commence in Q1 2023[112]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals[144].

Revenue and Profitability - The company's revenue for Q3 2021 was CNY 372,915,291.88, representing a 4.55% increase year-over-year, while year-to-date revenue reached CNY 1,151,129,354.38, up 30.86% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 19,892,354.31, a decrease of 40.43% year-over-year, with year-to-date net profit at CNY 90,928,441.71, down 12.90%[3]. - The company's basic and diluted earnings per share for Q3 2021 were both CNY 0.10, reflecting a 37.50% decline compared to the same quarter last year[3]. - The company reported a 49.85% increase in cash received from sales, totaling CNY 1,037,724,134.41, up from CNY 692,510,496.13[8]. - The net profit for the third quarter was CNY 90,928,441.71, compared to CNY 104,392,658.36 in the same period last year, indicating a decrease of about 12.8%[19]. - The total comprehensive income attributable to the parent company for Q3 2021 was ¥89,854,738.27, down from ¥104,575,250.49 in the same period last year, indicating a decline of about 14%[20]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 2,270,334,183.48, an increase of 15.57% from the end of the previous year[3]. - Total current assets rose to CNY 1,936,319,041.52, compared to CNY 1,726,764,589.97 at the end of 2020, marking an increase of about 12.1%[14]. - Total liabilities increased to CNY 865,788,432.32 from CNY 655,884,813.48, marking a rise of approximately 32%[16]. - The company's equity totaled CNY 1,308.54 million, remaining stable with no changes reported[28]. - The deferred income was recorded at CNY 196.43 million, contributing to the overall liabilities[28]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 127,999,910.06, representing a significant decline of 257.20% year-to-date[3]. - Cash inflows from operating activities for the year-to-date period reached ¥1,055,788,208.95, an increase of approximately 51.3% from ¥698,315,415.20 in the previous year[22]. - Cash outflows from operating activities totaled ¥1,183,788,119.01, compared to ¥734,149,303.77 in the same period last year, marking an increase of about 61.0%[22]. - The net cash flow from operating activities for Q3 2021 was -¥127,999,910.06, worsening from -¥35,833,888.57 in Q3 2020[22]. - The net cash flow from financing activities for Q3 2021 was ¥304,659,188.77, a significant improvement from -¥107,985,621.84 in Q3 2020[23]. Investments and Expenses - Research and development expenses rose by 48.04% to CNY 40,579,100.84, compared to CNY 27,410,433.78 in the previous year, indicating a significant investment in innovation[8]. - Operating costs increased by 35.52% to CNY 809,138,610.76, up from CNY 597,079,869.12, primarily due to increased sales volume[8]. - The company experienced a significant increase in financial expenses, which rose by 380.03% to CNY 6,008,117.10, due to reduced interest income and increased interest expenses[8]. - Cash paid for purchasing goods and services surged by 75.28% to CNY 863,885,514.71, compared to CNY 492,850,446.48, reflecting higher material costs[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,891[11]. - The company plans to issue convertible bonds with a total scale not exceeding CNY 520 million, approved by the shareholders' meeting[12]. Miscellaneous - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[29]. - The company is in compliance with the new leasing standards, although specific impacts on financials were not disclosed[29].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 778,214,062.50, representing a 48.80% increase compared to CNY 522,979,592.22 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 71,036,087.40, showing a slight increase of 0.05% from CNY 70,999,731.07 in the previous year[19]. - The net cash flow from operating activities was negative at CNY -82,637,917.16, a decline of 138.32% compared to CNY -34,674,775.24 in the same period last year[19]. - Total assets at the end of the reporting period reached CNY 2,251,504,047.50, an increase of 14.61% from CNY 1,964,428,530.84 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 1,381,823,468.81, reflecting a growth of 5.60% from CNY 1,308,543,717.36 at the end of the previous year[19]. - The basic earnings per share decreased by 2.86% to CNY 0.34 from CNY 0.35 in the same period last year[19]. - The weighted average return on net assets was 5.28%, down from 5.93% in the previous year[19]. - The company reported a significant increase in cash flow from financing activities, amounting to ¥222,267,892.43, a 306.76% increase compared to a negative cash flow of ¥107,500,862.08 in the previous year[54]. - The company's cash and cash equivalents increased by 134.04% to ¥68,870,754.60 from a negative balance of ¥202,306,313.28, indicating improved liquidity[54]. - The company reported a net profit of approximately ¥10.37 million, representing a year-on-year increase of 8.5%[77]. Revenue Breakdown - The company achieved operating revenue of CNY 778,214,062.50, a year-on-year increase of 48.80%[34]. - The proportion of revenue from concrete admixtures was 95.30%, with sales amounting to ¥741,621,507.69, reflecting a 60.43% increase from ¥462,263,981.16 in the previous year[56]. - Revenue from the East China region was CNY 119,442,058.19, a significant increase of 153.36% year-on-year, accounting for 15.35% of total revenue[38]. - Revenue from the Southwest region was CNY 105,636,265.31, up by 17.78% year-on-year, representing 13.57% of total revenue[38]. - Revenue from the North China region reached CNY 48,976,362.26, showing a growth of 96.82% year-on-year, contributing 6.29% to total revenue[38]. - The South China region accounted for 55.15% of total revenue, amounting to ¥429,155,919.04, showing a 22.49% increase from the previous year[56]. Investment and Expansion - The company plans to invest CNY 5.443 billion in the Daya Bay Petrochemical Industrial Park in Guangdong to build a project with an annual production capacity of 280,000 tons of ethylene oxide and propylene oxide derivatives[39]. - The company intends to invest CNY 3.5 billion in the Tianchang Chemical Concentration Area in Anhui Province to establish a production base for concrete additives and other fine chemicals[40]. - The company plans to invest CNY 2.2 billion in the Weibei Coal Chemical Industrial Park in Weinan, Shaanxi Province, to build a production line with an annual capacity of 300,000 tons of concrete additives and 60,000 tons of environmentally friendly coatings[40]. - The company expanded into the fine chemical sector by investing in the Huizhou Daya Bay Economic and Technological Development Zone, marking a positive start[34]. - The company has established two new subsidiaries, Huizhou Hongqiang Chemical Co., Ltd. and Anhui Hongqiang New Materials Co., Ltd., funded by its own capital[77]. Research and Development - The company has achieved significant advancements in technology research and development, holding 104 patents, including 75 invention patents, ranking among the top in the industry[46]. - The company has established a strong research and development platform, including a provincial engineering technology research center, equipped with advanced instruments to support innovation and product development[45]. - Research and development expenses rose by 54.48% to ¥26,338,072.05 from ¥17,049,112.72, indicating a focus on innovation and product development[54]. - The company collaborates with universities and research institutions to improve its R&D capabilities, including projects with Tsinghua University and Tongji University[45]. - The company has developed a customized product and overall solution model to address the adaptability issues of additives with concrete raw materials[42]. Operational Efficiency - The company aims to enhance its cash flow and asset turnover efficiency by entering the fine chemical sector, which has different sales collection methods compared to the concrete additives industry[39]. - The company emphasizes the importance of customer payment management, having established a comprehensive system to manage receivables effectively[79]. - The company reported a significant increase in accounts receivable, which rose by 502.71% to CNY 125,350,114.19, mainly due to changes in credit risk classification[59]. - The company's inventory increased by 59.80% to CNY 112,176,504.60, primarily due to increased business volume[59]. - The company's short-term borrowings increased by 251.79% to CNY 211,860,345.99, indicating a rise in bank loans[59]. Corporate Governance and Compliance - The company has established a comprehensive quality control system, ensuring product stability and enhancing customer trust[49]. - The company operates in a highly efficient management system, having obtained certifications such as ISO9001:2008 and ISO14001:2004, which enhances operational credibility[51]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[93]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[98]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts unpaid[105]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,745[137]. - Liu Lianjun held 46.18% of the shares, totaling 95,473,275 shares, with 12,223,000 shares pledged[137]. - The total number of restricted shares at the beginning of the period was 80,315,027, with 7,633,503 shares released during the period[135]. - The company reported a decrease in restricted shares from 80,315,027 (38.87%) to 72,681,576 (35.16%) due to share option exercises[129]. - The company reported an increase in unrestricted shares from 126,330,855 (61.13%) to 134,047,836 (64.84%) following the stock option exercises[129].

Financial Performance - The company's operating revenue for Q1 2021 was ¥298,990,853.83, representing an increase of 84.05% compared to ¥162,452,344.94 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was ¥26,183,768.89, up 49.89% from ¥17,468,141.08 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,530,753.31, a significant increase of 129.78% from ¥8,499,821.20 year-on-year[7] - The basic earnings per share for Q1 2021 was ¥0.13, reflecting a growth of 44.44% compared to ¥0.09 in the same period last year[7] - The total profit for the current period was ¥31,723,483.80, an increase from ¥20,922,610.05, indicating a growth of about 51.5%[41] - The company reported a total comprehensive income of ¥25,091,987.11, up from ¥17,717,060.35, which is an increase of approximately 41.5%[42] - The total profit margin for the current period was approximately 10.8%, compared to 12.9% in the previous period, indicating a slight decline in profitability[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,049,116,913.94, an increase of 4.31% from ¥1,964,428,530.84 at the end of the previous year[7] - The net assets attributable to shareholders at the end of the reporting period were ¥1,334,670,975.97, up 2.00% from ¥1,308,543,717.36 at the end of the previous year[7] - Current assets increased to CNY 1,799,193,043.19 as of March 31, 2021, up from CNY 1,726,764,589.97 at the end of 2020, representing a growth of approximately 4.0%[30] - Total liabilities amounted to CNY 714,445,937.97, compared to CNY 655,884,813.48, which is an increase of approximately 8.9%[32] - Short-term borrowings increased significantly by 144.13% to ¥147,025,381.03 from ¥60,223,416.66, primarily due to increased bank loans[15] - The company reported a decrease in accounts payable to CNY 43,510,119.90 from CNY 63,581,313.56, a decline of approximately 31.6%[32] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥89,713,179.39, a significant decline compared to -¥1,919,797.46 in the same period last year, indicating a decrease of 4,573.05%[7] - Operating cash inflow for the current period was 309,772,229.14, compared to 193,376,828.13 in the previous period, representing an increase of approximately 60.2%[49] - Cash outflow from operating activities totaled 399,485,408.53, up from 195,296,625.59, resulting in a net cash flow from operating activities of -89,713,179.39, compared to -1,919,797.46 previously[49] - The ending balance of cash and cash equivalents was 153,922,815.72, down from 310,693,334.30, reflecting a decrease of approximately 50.5%[50] - The company reported a significant increase in cash received from sales of goods and services, totaling 167,236,319.58, compared to 101,612,734.96 in the previous period, an increase of approximately 64.5%[51] Expenses - The cost of goods sold was ¥207,996,434.60, reflecting an 82.92% increase from ¥113,708,504.03, also driven by higher sales volume[15] - Research and development expenses rose to ¥11,973,111.52, a 55.05% increase from ¥7,721,880.51, indicating a commitment to innovation[15] - Sales expenses increased to ¥33,437,810.26 from ¥14,539,128.08, reflecting a growth of about 129.5%[40] - Cash paid for purchasing goods and services was 255,255,512.56, compared to 90,959,935.74, indicating a substantial increase of approximately 180.5%[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,604[11] - The largest shareholder, Liu Lianjun, holds 46.20% of the shares, amounting to 95,473,275 shares, with 71,604,956 shares pledged[11] - There were no overdue commitments from major shareholders or related parties during the reporting period, reflecting good governance practices[18] Investment Activities - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[19][20] - Cash inflow from investment activities was 23,210,125.99, significantly lower than 235,948,311.04 in the previous period, indicating a decrease of approximately 90.2%[49] - Cash outflow from investment activities was 29,857,732.73, compared to 215,276,606.58, resulting in a net cash flow from investment activities of -6,647,606.74, down from 20,671,704.46[49]