证券代码：002971 证券简称：和远气体 编号：2022-004 湖北和远气体股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------|-------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | ☑ \n□新闻发布会 □路演活动 \n☑ 现场参观 \n□其他 | 特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n（请文字说明其他活动内容） | | 参与单位名称 | 上海申银万国 胡 | 双 | | 及人员姓名 | 上海惠升基金 巢 | 前 | | 时间 | 2022 年 7 月 7 | 日（星期四）上午 10:20-11:20 | | | 地点 公司董秘办公室 | | | 上市公司接待 | 董事会秘书：李吉鹏 | | | 人员姓名 | 公司董秘办相关人员 | | | | | 一、董秘介绍行业与公 ...

证券代码：002971 证券简称：和远气体 编号：2022-008 湖北和远气体股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------| | 投资者关系 \n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 \n□其他 （请文字说明其他活动内容） | | | | 中金公司 研究部高级经理 吴頔 | | | 参与单位名称 | 中金公司 研究员 李唐懿 | | | 及人员姓名 | 上海复胜基金 研究员（博士） 洪麟翔 | | | | 遂玖资管 研究员 | 陆辰 | | 时间 | 2022 ...

证券代码：002971 证券简称：和远气体 编号：2022-006 湖北和远气体股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------|----------------------------|----------------------------|-------------------------------------------------------------------| | | ☑ 特定对象调研 □分析师会议 | | | | | □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） | | | | 天风证券 电子分析师 骆奕扬 | | | | 参与单位名称 | 上海景熙资产 投资总监 | | 詹林钰 | | 及人员姓名 | 北京九泰基金 | 研究员 | 谭劭杰 | | 时间 | 2022 年 9 月 16 | 日（星期五）下午 | 3:30-4:30 | | | 地点 公司董秘办公室 | | | | ...

Financial Performance - The company's revenue for Q3 2022 was CNY 243,958,435.99, a decrease of 2.14% compared to the same period last year, while year-to-date revenue increased by 30.32% to CNY 947,619,449.32[3] - Net profit attributable to shareholders for Q3 2022 was CNY 10,195,421.32, down 37.35% year-on-year, and year-to-date net profit decreased by 13.12% to CNY 50,647,343.41[3] - The basic earnings per share for Q3 2022 was CNY 0.06, a decline of 40.00% compared to the same period last year, with year-to-date earnings per share at CNY 0.32, down 11.11%[3] - The company's revenue increased by 30.32% year-on-year, while net profit decreased by 13.12%, with net profit excluding non-recurring gains increasing by 9.01%[17] - Net profit for the period was CNY 50,647,343.41, a decrease of 13.1% from CNY 58,293,537.60 in the same period last year[26] - Earnings per share (EPS) for the period was CNY 0.32, down from CNY 0.36 in the previous period[27] Assets and Liabilities - Total assets as of September 30, 2022, reached CNY 2,828,454,221.60, reflecting a 21.30% increase from the end of the previous year[3] - Long-term borrowings increased by 121.74% to CNY 30,600,000.00, indicating a rise in bank financing activities[8] - Total liabilities rose to CNY 1,650,698,527.59, up from CNY 1,188,101,356.43, indicating a growth of 39.0%[25] - The company's total equity increased to CNY 1,177,755,694.01 from CNY 1,143,760,375.95, a rise of 3.0%[25] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 14,183,053.36, an increase of 60.42%[3] - Cash inflow from operating activities totaled CNY 899,882,187.66, significantly higher than CNY 571,723,226.43 in the prior period[28] - Cash outflow from operating activities totaled CNY 885,699,134.30, an increase of 57.4% compared to CNY 562,882,190.47 in the previous period[29] - Cash inflow from financing activities reached CNY 1,022,930,000.00, a significant rise from CNY 533,134,453.10, marking an increase of 92.0%[29] - Net cash flow from financing activities was CNY 413,878,458.92, compared to CNY 99,915,356.37 in the previous period, reflecting a growth of 314.0%[29] Operating Costs and Expenses - The company experienced a 39.21% increase in operating costs, totaling CNY 723,778,330.81, primarily due to increased production costs from the liquid ammonia trial production[9] - Total operating costs amounted to CNY 883,294,628.12, up 31.9% from CNY 669,536,087.32 in the prior period[26] - Increased management and R&D expenses due to new project investments and talent acquisition contributed to the decline in net profit[17] - Research and development expenses for the period were CNY 19,159,257.17, an increase of 22.4% compared to CNY 15,577,834.24 in the previous period[26] Investments and Projects - The total investment for the Yichang Electronic Specialty Gas and Functional Materials Industrial Park project is approximately 5 billion RMB, with an expected annual sales revenue of 6 billion RMB upon full production[22] - The first phase of the Yichang project is expected to achieve an annual production capacity of 150,000 tons and generate an estimated annual tax revenue of 120 million RMB[22] - The company is actively expanding its product offerings in electronic specialty gases and electronic chemicals, with a new investment of 370 million RMB for related projects[20] - The Qianjiang Electronic Specialty Gas Industrial Park project has seen its total investment budget increased from 280 million RMB to 390.5 million RMB, reflecting a net increase of 110.5 million RMB[18] Cash Management - The company's cash and cash equivalents stood at approximately 315.15 million RMB as of September 30, 2022, slightly down from 316.83 million RMB at the beginning of the year[24] - The ending balance of cash and cash equivalents was CNY 192,367,184.72, up from CNY 162,270,465.97[29] - The company reported an increase in cash paid to employees, totaling CNY 79,892,980.76, compared to CNY 73,742,315.01, which is a rise of 8.3%[29] - Cash paid for taxes decreased to CNY 33,767,339.23 from CNY 41,236,232.25, a decline of 18.1%[29] Other Financial Metrics - The company reported a significant increase in accounts receivable by 33.24% to CNY 272,943,130.08 due to slower customer payments despite increased sales[7] - Cash received from sales and services increased by 54.72% to approximately ¥853.98 million in the first nine months of 2022, compared to ¥551.95 million in the same period of 2021[12] - Cash received from tax refunds surged by 5761.79% to approximately ¥31.77 million, reflecting an increase in input tax refunds[12] - Cash paid for purchasing goods and services rose by 76.61% to approximately ¥690.22 million, driven by the expansion of various business activities[12] - Cash paid for dividends and interest decreased by 41.66% to approximately ¥25.45 million, indicating a reduction in cash outflow for dividend payments[12] Audit and Reporting - The company did not conduct an audit for the third quarter report[30]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 703,661,013.33, representing a 47.26% increase compared to CNY 477,825,160.31 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 40,451,922.09, a decrease of 3.73% from CNY 42,019,300.10 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41,179,516.21, which is a 19.95% increase from CNY 34,329,958.54 in the same period last year[19]. - The net cash flow from operating activities was CNY 9,086,865.96, showing a significant increase of 164.53% compared to CNY 3,435,080.85 in the previous year[19]. - Total assets at the end of the reporting period reached CNY 2,666,986,130.07, an increase of 14.37% from CNY 2,331,861,732.38 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 1,168,584,600.43, reflecting a 2.17% increase from CNY 1,143,760,375.95 at the end of the previous year[19]. - The basic earnings per share were CNY 0.25, down 3.85% from CNY 0.26 in the same period last year[19]. - The diluted earnings per share were also CNY 0.25, a decrease of 3.85% compared to CNY 0.26 in the previous year[19]. - The weighted average return on net assets was 3.50%, down from 3.85% in the same period last year[19]. Business Expansion and Development - The company is expanding its business into electronic specialty gases and electronic chemicals, with the construction of two industrial parks planned for 2023[30]. - The planned production of high-purity gases and electronic chemicals is set to begin in batches throughout 2023, significantly enhancing the company's competitive edge[30]. - The company is focusing on expanding its R&D capabilities and attracting high-end professionals to innovate in core technologies related to gas synthesis, separation, and purification[76]. - The company is targeting growth in emerging industries such as electronics, food, medicine, and new energy, with gas demand in these sectors expected to grow significantly faster than traditional industries[66]. - The company has established strategic partnerships with universities for collaborative research, enhancing technology innovation and results transformation[88]. Operational Efficiency and Logistics - The company has established a logistics model that allows for efficient delivery within a 50 km radius in Hubei, enhancing transportation efficiency[51]. - The company utilizes data analysis to optimize transportation routes, significantly reducing operational costs and improving efficiency[53]. - The company has developed a comprehensive inventory management system for customer storage tanks, enhancing logistics coordination[53]. - The company has established a stable supply capability with production bases in Hubei, ensuring efficient distribution across multiple regions[82]. - A logistics company was established to enhance the efficiency of the transportation system, ensuring safe and effective delivery of gas products[84]. Market Position and Competition - The domestic industrial gas market has grown from 40 billion RMB in 2010 to 179.5 billion RMB in 2021, indicating a continuous expansion of market space[60]. - The industrial gas industry in China is supported by national policies aimed at enhancing energy efficiency, clean production, and resource recycling, with significant goals set for 2025[62]. - The company holds approximately 70% market share in the bottled gas market in Hubei Province, with a strong sales network covering the entire province[71]. - The company is facing increased competition from both domestic and international players in the industrial gas market, necessitating a focus on innovation and technology advancement[135]. Safety and Compliance - The company has established a comprehensive safety responsibility system, with monthly audits and strict evaluations to ensure safety compliance across all levels[130]. - The company is actively enhancing its safety management through a "13579" safety management model aimed at achieving zero accidents in production[130]. - The company received 82 external inspections in the first half of 2022, addressing all identified issues without any major safety hazards remaining[153]. - The company has implemented 19 new or revised safety management systems in the first half of 2022 to enhance safety protocols[148]. Financial Management and Investments - The company reported a net cash flow from financing activities of ¥329,866,486.77, a significant increase of 936,605.32% due to expanded debt financing[97]. - The total amount of funds raised was RMB 432,800,000, with a net amount of RMB 391,324,066 after deducting underwriting and other fees[117]. - The company has committed to ensuring that the use of idle funds does not affect the construction of fundraising investment projects[115]. - The company has a total of 39,132 million RMB in unutilized raised funds, all of which are stored in the special account[121]. Corporate Social Responsibility - The company contributed over 8.5 million CNY in taxes to the local government in Changyang, receiving recognition as a "Tax Contribution Award Enterprise"[144]. - The company raised 2.4 million CNY for the "Changyang Zhiyuan Development Fund" to support rural revitalization efforts[146]. - The company participated in various charitable activities, contributing a total of 2.278 million CNY to initiatives in rural revitalization, education, healthcare, and disaster relief during the first half of 2022[147]. Shareholder Information - The total number of shares is 160,000,000, with 34.28% being limited shares and 65.72% being unrestricted shares[182]. - The largest shareholder, Yang Tao, holds 20.97% of the shares, totaling 33,549,769 shares[187]. - The company has a significant number of shares pledged, with Yang Feng having 7,820,453 shares pledged[187]. - The total number of shareholders at the end of the reporting period is 18,029[186].

Financial Performance - The company's revenue for Q1 2022 was CNY 302,701,273.01, representing a 45.54% increase compared to CNY 207,980,099.83 in the same period last year[3] - Net profit attributable to shareholders was CNY 25,835,569.48, up 25.10% from CNY 20,651,123.48 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 81.83%, reaching CNY 25,028,908.92 compared to CNY 13,764,807.37 in the previous year[3] - Total operating revenue for Q1 2022 reached ¥302,701,273.01, a 45.5% increase from ¥207,980,099.83 in Q1 2021[21] - Net profit for Q1 2022 was ¥25,835,569.48, up 25.5% compared to ¥20,651,123.48 in Q1 2021[22] - Basic and diluted earnings per share for Q1 2022 were both ¥0.16, compared to ¥0.13 in Q1 2021[23] Assets and Liabilities - The company's total assets at the end of Q1 2022 were CNY 2,519,867,278.31, an 8.06% increase from CNY 2,331,861,732.38 at the end of the previous year[3] - Total assets as of Q1 2022 were ¥2,519,867,278.31, up from ¥2,331,861,732.38 in Q1 2021[20] - Total liabilities increased to ¥1,349,325,550.18, compared to ¥1,188,101,356.43 in the previous year, reflecting a 13.5% rise[20] - The company's equity attributable to shareholders reached ¥1,170,541,728.13, an increase from ¥1,143,760,375.95 in Q1 2021[20] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -35,211,956.14, worsening by 83.69% compared to CNY -19,169,291.60 in the previous year[3] - The net cash flow from operating activities was -35,211,956.14 CNY, compared to -19,169,291.60 CNY in the same period last year, indicating a decline in operational cash generation[25] - The total cash outflow from investing activities was 149,165,909.73 CNY, up from 109,431,388.22 CNY year-over-year, reflecting increased investment in fixed assets[25] - The net cash flow from financing activities was 261,596,575.01 CNY, significantly higher than 17,324,616.93 CNY in the previous year, driven by increased borrowings[25] - The total cash and cash equivalents at the end of the period amounted to 309,739,757.77 CNY, compared to 175,548,331.87 CNY at the end of the same quarter last year, showing a substantial increase[26] - The cash inflow from financing activities was 483,554,295.09 CNY, up from 261,129,996.12 CNY year-over-year, reflecting strong financing efforts[25] Research and Development - Research and development expenses increased by 60.35% to CNY 4,191,889.79, reflecting the company's commitment to enhancing its R&D capabilities[9] - Research and development expenses increased to ¥4,191,889.79, a 60.3% rise from ¥2,614,239.24 in Q1 2021[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,490[13] - The largest shareholder, Yang Tao, holds 20.97% of the shares, totaling 33,549,769 shares[13] Other Information - The company plans to implement a new accounting policy regarding transportation costs, which will affect the classification of expenses starting from January 1, 2021[15] - The company has not disclosed any new product or technology developments in the current report[14] - There are no significant mergers or acquisitions reported in the current financial update[14] - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[27]

Financial Performance - The company reported a profit distribution plan of 1.00 RMB per 10 shares, totaling 16 million RMB in cash dividends[6]. - The company's operating revenue for 2021 was ¥991,794,743.59, representing a 20.34% increase compared to ¥824,144,800.55 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥90,229,069.46, a 3.60% increase from ¥87,094,977.10 in 2020[22]. - The net cash flow from operating activities surged by 927.56% to ¥51,532,348.24 in 2021, compared to ¥5,015,001.94 in 2020[22]. - The total assets at the end of 2021 reached ¥2,331,861,732.38, marking a 27.91% increase from ¥1,822,996,604.12 at the end of 2020[23]. - The net assets attributable to shareholders increased by 5.12% to ¥1,143,760,375.95 at the end of 2021, up from ¥1,088,082,850.52 at the end of 2020[23]. - The company reported a basic earnings per share of ¥0.56 for 2021, unchanged from 2020[22]. - The weighted average return on equity for 2021 was 8.10%, slightly down from 8.28% in 2020[22]. - The company received government subsidies amounting to ¥18,090,858.19 in 2021, compared to ¥14,647,894.43 in 2020[27]. Market Position and Strategy - The company operates multiple wholly-owned subsidiaries, enhancing its market presence across various regions[12]. - The company holds approximately 70% market share in the bottled gas market in Hubei Province, with a comprehensive sales network covering the entire province[44]. - The company has established a significant advantage in the liquid gas market in Central China, supported by two major production bases and a well-optimized logistics network[44]. - The company is positioned as a key player in the industrial gas sector, recognized as a member of several industry associations, enhancing its influence and reputation[43]. - The company aims to achieve a significant reduction in pollutant emission intensity by 20% by 2025, aligning with national green manufacturing goals[37]. - The company is focusing on the development of high-purity specialty gases and advanced organic materials, as outlined in national industrial policies[38]. - The company is well-positioned to replicate its successful industrial park model in other regions, capitalizing on the growing demand from chemical, new energy, and new material enterprises[44]. - The company is actively pursuing the localization of special gases to reduce reliance on foreign suppliers and support the growth of emerging industries[177]. Research and Development - The company has a dedicated R&D team of 65 personnel, focusing on core technologies such as gas synthesis, separation, and purification[99]. - In 2021, the company achieved a research and development expenditure of 21.6 million yuan, representing a year-on-year increase of 14.26%[99]. - The company has obtained 6 authorized invention patents and 72 utility model patents, showcasing its strong technological innovation capabilities[46]. - The company is enhancing its R&D capabilities, particularly in core technologies related to gas synthesis, separation, purification, and low-temperature applications[181]. - The company has established strategic partnerships with universities to enhance R&D capabilities and promote technology transfer[100]. Operational Efficiency - The company has implemented a one-stop integrated gas solution that recycles industrial tail gases into high-value specialty gases and clean energy for internal use or supply to other enterprises[57]. - The logistics model for bottled gases allows for efficient transportation within a 50-kilometer radius, optimizing delivery routes and reducing logistics costs[74]. - The company’s logistics operations achieve a vehicle utilization rate of over 90% by adjusting delivery schedules based on customer demand[72]. - The company has implemented a unique circular economy supply model, integrating gas supply services for industrial parks to reduce costs and improve efficiency[103]. - The company has established a comprehensive monitoring system for logistics and gas supply, ensuring safety and efficiency in delivery processes[96]. Regulatory Compliance and Risk Management - The financial report is guaranteed to be true, accurate, and complete by the company's management, ensuring reliability for investors[5]. - The company has obtained various licenses, including a production license valid until September 2025 and a safety production license valid until December 2023, ensuring compliance with regulatory requirements[85]. - The company acknowledges safety production risks associated with its industrial gas products and is implementing measures to mitigate these risks, including a focus on safety management and training[191][192]. - The company faces macroeconomic policy risks due to its dependence on various downstream industries, and it plans to closely monitor economic conditions and adjust its strategies accordingly[193]. - The company has established a dedicated team to manage and follow up on the necessary permits for industrial gas operations, ensuring all licenses are valid and up to date, which enhances its competitive edge[195]. Future Growth and Expansion - The company is expanding into the semiconductor sector by leveraging its expertise in gas separation, purification, and synthesis, creating a full industrial chain for electronic specialty gases and functional materials[45]. - The company plans to invest in a new electronic specialty gas and functional materials industrial park in Yichang, expanding its product offerings in high-end materials[48]. - The company is focusing on expanding its terminal chain logistics network across China, leveraging existing production facilities to optimize resource allocation and reduce logistics costs[184]. - The company plans to increase revenue by approximately 50% in 2022[183]. - The company aims to achieve an annual output value of 5 billion yuan by the end of the 14th Five-Year Plan period, positioning itself as a leading comprehensive gas company in China[181].

Financial Performance - The company's operating revenue for Q3 2021 was ¥249,298,745.17, an increase of 2.36% compared to the same period last year[4] - The net profit attributable to shareholders decreased by 34.01% to ¥16,274,237.50 in Q3 2021[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 41.76% to ¥13,921,884.96[4] - The company's operating revenue for the first three quarters of 2021 reached ¥727.12 million, representing a 19.03% increase compared to ¥610.86 million in the same period of 2020[16] - The net profit for Q3 2021 was CNY 58,293,537.60, a decrease of 4.3% compared to CNY 60,908,794.04 in Q3 2020[32] - Operating profit for Q3 2021 was CNY 65,185,052.33, down from CNY 70,391,041.56 in the same period last year, reflecting a decline of approximately 7.5%[32] - Total revenue from sales of goods and services reached CNY 551,949,765.29, an increase from CNY 459,703,279.93 in the previous year, representing a growth of about 20%[34] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥2,246,058,282.56, a 23.21% increase from the end of the previous year[4] - The total assets of the company as of September 30, 2021, were CNY 2,246,058,282.56, compared to CNY 1,822,996,604.12 at the end of 2020, marking an increase of 23.3%[29] - The company’s total liabilities rose to CNY 1,132,129,072.67 from CNY 734,913,753.60, indicating a growth of 54.0%[29] - Current liabilities totaled CNY 682,232,168.93, while non-current liabilities were CNY 52,681,584.67, leading to total liabilities of CNY 734,913,753.60[40] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 121.43% to ¥8,841,035.96[11] - The net cash flow from operating activities was CNY 8,841,035.96, a significant improvement compared to a net outflow of CNY 41,250,880.69 in the previous year[35] - The company reported a net cash outflow from investing activities of CNY 233,633,100.79, compared to CNY 172,023,229.59 in the previous year[35] - The total cash inflow from financing activities was CNY 533,134,453.10, down from CNY 714,468,000.00 in the same period last year[35] Expenses - Sales expenses increased by 40.45% to ¥92.73 million due to a significant rise in sales volume and corresponding transportation and labor costs[16] - Research and development expenses rose by 23.12% to ¥15.58 million as the company actively recruited R&D talent and increased investment in R&D[16] - Total operating expenses increased to CNY 92,731,823.71 from CNY 66,025,674.30, reflecting a rise of approximately 40.5%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,715[21] - The largest shareholder, Yang Tao, holds 20.97% of the shares, totaling 33,549,769 shares[21] Government Subsidies - The company received government subsidies amounting to ¥1,872,228.84 during the reporting period[7] - The company received government subsidies amounting to ¥8.70 million, a 137.73% increase from ¥3.66 million in the previous year[16] - Cash received from government subsidies related to operating activities increased by 104.96% to ¥19.23 million[18] Investments and Projects - The company’s construction in progress rose by 82.05% to ¥586,839,806.95, reflecting investments in new projects[12] - The company plans to enhance its product structure and capacity through ongoing investments in the electronic specialty gas industrial park project[25] - The company is set to commence full trial production of several projects, including a 15,000 air separation unit and a 10,000 high-purity hydrogen purification unit, in the fourth quarter[25] Management and Governance - The company completed the restructuring of its board and supervisory committee, appointing new senior management personnel[23] Market Conditions - The company faces potential impacts on its fourth-quarter performance due to uncertainties related to local power restrictions and rising prices of energy and raw materials[25] Audit Status - The report was not audited, which may affect the reliability of the financial data presented[42]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥477,825,160.31, representing a 30.08% increase compared to ¥367,320,350.66 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥42,019,300.10, up 15.93% from ¥36,245,620.16 in the previous year[20]. - Basic earnings per share increased to ¥0.26, reflecting a growth of 13.04% compared to ¥0.23 in the previous year[20]. - The gross profit margin for the main business revenue from gas sales was 31.47%, showing a slight increase from 30.55% in the previous year[96]. - The company reported a total investment income of 42,857.50 from trading financial assets and derivatives[25]. - The total profit amounted to CNY 50,131,047.64, up from CNY 42,075,012.53, reflecting a growth of 19.5% year-over-year[199]. - The operating profit for the period was CNY 46,837,903.04, compared to CNY 40,985,591.43, indicating an increase of 14.5%[199]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥3,435,080.85, a 105.30% increase from a negative cash flow of ¥64,838,266.22 in the same period last year[20]. - Total assets at the end of the reporting period reached ¥2,087,732,737.06, marking a 14.52% increase from ¥1,822,996,604.12 at the end of the previous year[20]. - Cash and cash equivalents decreased by ¥157,227,012.07, a decline of 162.58% compared to an increase of ¥251,248,922.52 in the previous year, primarily due to project construction expenditures[92]. - Accounts receivable increased by 51.11% to ¥189,625,708.36, attributed to higher sales revenue and slower collection due to the pandemic[102]. - The company's total liabilities increased, with cash used for debt repayment rising to ¥249,555,000.00, a 106.54% increase from ¥120,824,555.96 in the previous year[93]. Investments and R&D - Research and development investment rose to ¥8,358,967.25, a 56.75% increase from ¥5,332,731.56 in the previous year, aimed at enriching the variety of electronic specialty gases[92]. - The company plans to continue investing in R&D for core technologies related to gas synthesis, separation, and purification, aiming to become a leading comprehensive gas company in China[74]. - The company has obtained 6 invention patents and 61 utility model patents, focusing on environmental protection through industrial waste gas recovery[72]. Market Position and Strategy - The company has established a strong reputation and influence in the gas industry, positioning itself as a well-known comprehensive gas company in China[70]. - The industrial gas market in China reached a scale of 147.1 billion RMB in 2019, with a forecasted growth to 167.3 billion RMB by 2021[61]. - The company operates in a competitive landscape dominated by foreign firms, which hold approximately 70% of the market share in China[69]. - The company has a high market share in the Hubei market for bottled gases, with an effective transportation radius controlled within 50 kilometers[52]. - The company is diversifying its customer base across multiple industries to mitigate risks associated with macroeconomic fluctuations[122]. Operational Efficiency - The company has a 90% utilization rate for vehicle delivery, optimizing logistics through advanced scheduling based on customer demand[51]. - The company utilizes data analysis to optimize liquid gas transportation routes, significantly reducing operational costs and improving efficiency[54]. - The company has established a mature procurement process, ensuring stable supply channels and long-term partnerships with quality suppliers[48]. - The company has a logistics system that effectively reduces logistics costs and consumption, with 24-hour monitoring of transportation conditions and supply facilities[82]. Compliance and Safety - The company has maintained compliance with environmental regulations and is not classified as a key pollutant discharge unit, reflecting its commitment to sustainable practices[134]. - The company has established 3 new safety management systems and conducted two comprehensive safety inspections in January and April, achieving a rectification rate of 94.1% for identified safety issues[164]. - The company has not experienced any personnel casualties or fire and explosion accidents in the first half of 2021[164]. Social Responsibility - The company has actively participated in social responsibility initiatives, contributing a total of 2.452 million yuan to various charitable causes[138]. - A development fund of 10 million yuan has been established to support poverty alleviation and rural revitalization projects, with 2 million yuan already allocated[137].

Financial Performance - The company's revenue for Q1 2021 was CNY 207,980,099.83, representing a 104.97% increase compared to CNY 101,466,306.28 in the same period last year[8] - Net profit attributable to shareholders was CNY 20,651,123.48, up 92.33% from CNY 10,737,342.78 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 13,764,807.37, reflecting a 15.58% increase from CNY 11,909,093.21 in the previous year[8] - The basic earnings per share increased to CNY 0.13, an 85.71% rise from CNY 0.07 in the same quarter last year[8] - The company reported a net profit of ¥428,625,020.57, an increase from ¥407,973,897.09 year-over-year[39] - The company reported a total profit of ¥24,489,736.50 for Q1 2021, which is 93.1% higher than ¥12,697,847.52 in Q1 2020[46] - The total comprehensive income for the first quarter of 2021 was CNY 11,835,376.80, compared to CNY 4,013,609.78 in the same period last year, indicating a significant increase[51] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,936,867,588.33, a 6.25% increase from CNY 1,822,996,604.12 at the end of the previous year[8] - The net assets attributable to shareholders were CNY 1,106,364,849.39, which is a 1.68% increase compared to CNY 1,088,082,850.52 at the end of the last year[8] - Total non-current assets reached ¥1,258,932,363.84, reflecting an increase of 10.63% from ¥1,137,729,094.20[37] - Total liabilities increased to ¥830,502,738.94, up 12.99% from ¥734,913,753.60[38] - The company’s total liabilities increased significantly, with notes payable rising by 346.58% to ¥178,630,000.00 as of March 31, 2021, from ¥40,000,000.00 at the end of 2020, reflecting a shift in financing strategy[19] Cash Flow - The net cash flow from operating activities was CNY -19,169,291.60, showing a 72.94% improvement from CNY -70,850,557.70 in the same period last year[8] - Cash inflows from operating activities amounted to CNY 145,695,637.80, up from CNY 79,416,974.57 year-over-year, reflecting a growth of approximately 83.3%[54] - The company reported cash inflows from financing activities of CNY 261,129,996.12, a decrease from CNY 634,468,000.00 in the same period last year[55] - The ending cash and cash equivalents balance was CNY 175,548,331.87, down from CNY 435,950,594.67 year-over-year[55] - Cash outflows for purchasing goods and services were CNY 96,404,810.31, down from CNY 115,303,498.59, showing a decrease of about 16.4%[54] Operating Costs and Expenses - Operating costs increased by 142.45% to ¥138,886,605.18 in Q1 2021 from ¥57,283,803.62 in Q1 2020, reflecting a significant expansion in industrial gas business[19] - Research and development expenses rose by 94.25% to ¥2,614,239.24 in Q1 2021, up from ¥1,345,801.93 in Q1 2020, indicating increased investment in innovation[19] - Total operating costs for Q1 2021 were ¥191,143,742.33, up 118.5% from ¥87,382,761.33 in Q1 2020[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,078[12] - The company’s equity attributable to shareholders reached ¥1,106,364,849.39, an increase from ¥1,088,082,850.52[39] Government Subsidies - The company received government subsidies amounting to CNY 8,867,289.44 during the reporting period[9] - The company reported a 771.22% increase in other income, totaling ¥5,017,374.09 in Q1 2021, compared to ¥575,904.53 in Q1 2020, due to increased government subsidies[21] Other Information - The company has initiated several projects, including the food liquid nitrogen project, which is currently in trial production, indicating ongoing market expansion efforts[27] - The company has adopted new leasing standards starting from 2021, which may affect the financial statements[59] - The first quarter report for 2021 was not audited, indicating preliminary financial data[67]