证券代码： 300343 证券简称：联创股份 山东联创产业发展集团股份有限公司 投资者关系活动记录表 编号：2021-05 | --- | --- | --- | |---------------------|--------------------------|----------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场调研 | | | | ■其他 （投资者电话会） | | | | | 中国人寿资产管理有限公司、上投摩根基金管理有限公司、中再 | | | | 资产管理股份有限公司、工银瑞信基金管理有限公司、中英益利 | | | | 保险、中银国际资管、中信证券股份有限公司资产管理部、中信 | | | | 保诚基金管理有限公司、中天证券股份有限公司、中泰证券 ( 上 | | | | 海)资产管理有限公司、中融基金管理有限公司、中欧瑞博、中 | | | | 欧基金管理有限公司、 ...

证券代码：300343 证券简称：联创股份 公告编号：2022-062 山东联创产业发展集团股份有限公司 关于参加山东辖区上市公司 2022 年度投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，山东联创产业发展集团股份有限公 司（以下简称"公司"）将参加由中国证券监督管理委员会山东监管局、山东上 市公司协会与深圳市全景网络有限公司共同举办的"山东辖区上市公司 2022 年度 投资者网上集体接待日"活动，现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的互联网平台举行 ， 投 资 者 可 以 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 " （ http://ir.p5w.net/）参与本次投资者集体接待日活动，活动时间为 2022 年 11 月 16 日（星期三）14:00 至 16:00。届时公司董事、董事会秘书刘凤国先生、 董事、财务总监孟祥宝先生将通过网络在线交流形式与投资者就公司治理、经营 状况、发展战略、三季度报告等投资者关注的问题进行沟通，欢迎广大投 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥577,397,634.12, representing a 14.49% increase year-over-year, while the year-to-date revenue was ¥1,771,018,255.67, up 43.23% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥229,794,312.16, a significant increase of 98.71% year-over-year, with a year-to-date net profit of ¥903,193,702.20, reflecting a 454.52% growth[7]. - The basic earnings per share for Q3 2022 was ¥0.2018, which is a 102.04% increase compared to the same period last year, while the diluted earnings per share also stood at ¥0.2018[7]. - The company's operating revenue for the current period reached 177,101.83 million, a 43.23% increase compared to 123,652.47 million in the same period last year, primarily due to an increase in average selling prices and new product sales[17]. - The net profit for the current period is CNY 987,341,324.62, an increase of 397.5% compared to CNY 197,264,063.72 in the previous period[37]. - The total operating profit is CNY 1,001,765,695.19, up from CNY 222,034,924.21, reflecting a significant improvement[37]. - The total comprehensive income attributable to the parent company's owners is CNY 903,193,702.20, compared to CNY 162,879,254.72 previously, marking a significant growth[37]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥2,904,895,115.93, marking a 53.15% increase from the end of the previous year[7]. - Current assets totaled ¥1,948,848,550.87, significantly higher than ¥956,735,818.33 at the start of the year, marking an increase of 104.5%[32]. - The total liabilities increased to ¥927,887,090.05 from ¥796,764,093.44, reflecting a rise of 16.5%[34]. - The equity attributable to shareholders of the parent company reached ¥1,776,805,013.06, compared to ¥996,994,496.39 at the beginning of the year, an increase of 78.2%[34]. - The company reported a net loss of ¥1,760,502,962.39, an improvement from a loss of ¥2,663,696,664.59 in the previous period[34]. Cash Flow - The company reported a net cash flow from operating activities of ¥687,922,189.28 for the year-to-date, which is a 427.53% increase compared to the same period last year[7]. - Cash flow from operating activities generated CNY 687,922,189.28, compared to CNY 130,404,832.64 in the previous period, indicating a strong operational performance[40]. - The cash and cash equivalents at the end of the period amount to CNY 413,257,094.20, a notable increase from CNY 61,972,455.01 at the end of the previous period[40]. - Cash and cash equivalents increased by 200.93% to ¥64,711.76 million compared to the end of 2021, primarily due to increased sales revenue[13]. Segment Performance - The fluorine-containing new materials segment generated ¥138,927.12 million in revenue, accounting for 78.44% of total revenue, with a year-over-year growth of 139.09%[12]. - The polyurethane new materials segment reported revenue of ¥38,174.71 million, which is a decrease of 31.52% year-over-year[12]. Expenses and Investments - Research and development expenses increased by 64.70% to 6,586.91 million from 3,999.41 million, driven by increased investment in new product development[17]. - The company's financial expenses decreased significantly by 81.35% to 133.52 million from 715.77 million, attributed to increased interest income and foreign exchange gains[17]. - The company reported a substantial increase in other operating income, which rose to 12,544.19 million from 24.90 million, marking a 50275.16% increase due to performance compensation from Shanghai Aotou[17]. - The company received government subsidies amounting to ¥1,319,946.02 during the reporting period, contributing to its financial performance[8]. Borrowings and Payables - Short-term borrowings increased by 53.97% to 17,426.48 million from 11,318.05 million, primarily due to an increase in bank loans during the reporting period[17]. - Long-term borrowings also saw a significant rise of 202.32%, reaching 4,236.05 million compared to 1,401.17 million, again due to increased bank loans[17]. - The company experienced a 287.08% increase in notes payable, which rose to 37,436.09 million from 9,671.41 million, mainly due to increased use of notes for payment[17]. - The company’s income tax expenses surged by 464.52% to 13,773.55 million from 2,439.87 million, reflecting increased tax liabilities due to profitability[17]. - The company reported a 365.31% increase in non-current liabilities due within one year, which rose to 2,365.65 million from 508.40 million, due to the reclassification of long-term payables and borrowings[17]. Inventory - The inventory increased to ¥192,124,864.80 from ¥161,056,553.50, representing a growth of 19.3%[32].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,193,620,621.55, representing a 63.02% increase compared to CNY 732,211,299.06 in the same period last year[20]. - Net profit attributable to shareholders reached CNY 673,399,390.04, a significant increase of 1,325.58% from CNY 47,236,906.85 in the previous year[20]. - The net cash flow from operating activities was CNY 373,081,035.95, up 438.31% from CNY 69,305,672.04 in the same period last year[20]. - Basic earnings per share increased to CNY 0.59, a rise of 1,375.00% compared to CNY 0.04 in the previous year[20]. - Total assets at the end of the reporting period were CNY 2,510,565,125.45, reflecting a 32.36% increase from CNY 1,896,773,243.74 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 55.21% to CNY 1,547,422,449.43 from CNY 996,994,496.39 at the end of the previous year[20]. - The company's weighted average return on equity was 51.59%, up 45.22% from 6.37% in the previous year[20]. Investment and R&D - Research and development investment increased by 123.74% to ¥42,504,570.43, driven by higher expenditures on new product development[42]. - The company holds 51 effective patents and has established several research centers, demonstrating strong R&D capabilities and technological advantages[37]. - The company has developed a mature production process for PVDF, a key binder material for new energy battery cathodes, indicating its capability to expand into new material supplies[38]. - The company is committed to optimizing its product structure and resource allocation to improve operational efficiency and mitigate risks from price fluctuations[34]. Market and Competition - The company faces market competition risks, environmental risks, safety production risks, and policy change risks[5]. - The company has expanded its customer base internationally, developing new clients in South Korea, Southeast Asia, and the Middle East[39]. - The company plans to expand its market presence and invest in new product development to drive future growth[190]. Environmental Compliance - The company has implemented measures to prevent soil pollution, including the construction of containment areas and proper hazardous waste disposal[87]. - The company achieved a VOCs emission level of 17.5 mg/m³ from the thermal oil furnace, which is below the standard limit of 60 mg/m³[87]. - The wastewater treatment system operates normally, utilizing a micro-electrolysis + sedimentation + hydrolysis acidification + UASB anaerobic + aerobic biochemical treatment process[86]. - The company has established a comprehensive emergency response plan for environmental incidents, which is regularly updated and includes employee training and drills to enhance emergency response capabilities[89]. Corporate Governance - The company has not reported any changes in its registered status during the reporting period[19]. - The company has undergone changes in its board of directors, with several members completing their terms and new members being elected on January 4, 2022[78]. - The company held two temporary shareholder meetings and one annual shareholder meeting, with investor participation rates of 12.43%, 12.74%, and 12.89% respectively[77]. Financial Management - The company has not engaged in any fundraising activities during the reporting period[59]. - The company reported a beginning balance of accounts receivable at 132.06 million and prepaid accounts at 33.75 million, with a corresponding payable balance of 100.48 million[108]. - The company reported a net cash inflow from investment activities of CNY 635,836,157.01 in the first half of 2022, compared to CNY 137,432,613.83 in the same period of 2021[182]. - The total cash inflow from investment activities was CNY 238,002,000.00, compared to CNY 78,521,376.86 in the previous year, indicating a growth of approximately 202.5%[185]. Safety and Risk Management - The company has established a safety risk assessment and commitment announcement system to enhance safety management across production bases[97]. - The company has implemented a safety production target responsibility system, ensuring that safety goals are communicated to frontline employees[97]. - The company plans to enhance safety inspections and training to mitigate production safety risks as production scales up[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 110,457[152]. - Li Hongguo holds 135,570,510 shares, representing 11.91% of the total shares, with no change during the reporting period[152]. - The company repurchased and canceled 10,510,409 shares related to performance compensation obligations, impacting the basic earnings per share to CNY 0.2504 and net assets per share to CNY 25.22[145]. Legal and Compliance - There were no significant litigation or arbitration matters reported during the reporting period[117]. - The company did not have any violations regarding external guarantees during the reporting period[105]. - The company has not engaged in any related party transactions during the reporting period, including asset or equity acquisitions or sales[121].

山东联创产业发展集团股份有限公司 2022 年第一季度报告全文 1 证券代码：300343 证券简称：联创股份 公告编号：2022-029 山东联创产业发展集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信 息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | --- | |------------------|-------|-----------------------------------------------------|----------------|-------|---- ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2021, representing a year-on-year growth of 15%[22]. - The company's operating revenue for 2021 was ¥1,835,098,495.63, representing a year-over-year increase of 5.56% from ¥1,738,388,036.48 in 2020[29]. - Net profit attributable to shareholders was ¥287,729,234.70, a significant recovery from a loss of ¥87,383,232.67 in 2020, marking a 429.27% increase[29]. - The net profit after deducting non-recurring gains and losses was ¥278,945,498.31, compared to a loss of ¥435,766,500.30 in the previous year, reflecting a 164.01% improvement[29]. - The net cash flow from operating activities reached ¥366,937,878.32, up 416.50% from ¥71,043,020.25 in 2020[29]. - Basic and diluted earnings per share were both ¥0.25, a recovery from a loss of ¥0.08 per share in 2020, representing a 412.50% increase[29]. - The total assets at the end of 2021 were ¥1,896,773,243.74, while the net assets attributable to shareholders were ¥996,994,496.39, a decrease of 12.74% from the previous year[29]. - The company reported a significant increase in quarterly revenue, with Q4 2021 revenue reaching ¥598,573,769.67, up from ¥332,372,048.38 in Q1 2021[34]. Market Expansion and Strategy - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 15% based on market expansion strategies and new product launches[22]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[22]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase the company's production capacity by 40%[22]. - The company has actively expanded into international markets, developing new clients in South Korea, Southeast Asia, and the Middle East[76]. - The company aims to focus on the fluorine new materials business, specifically PVDF, which has a total demand of approximately 58,000 tons in 2021 and an industry scale of 20 billion RMB[148]. Research and Development - Investment in new product development increased by 30% in 2021, focusing on innovative materials and technologies to enhance product offerings[22]. - The company is focusing on the development of fluorine-containing new materials and polyurethane new materials, aligning with national carbon neutrality goals and the growth of the new energy sector[45]. - The company has a strong focus on R&D, with various patented technologies enhancing production efficiency and product quality across its product lines[59]. - The company has built a comprehensive R&D team for polyurethane new materials, enhancing its ability to meet customer-specific needs[75]. - The company is increasing R&D investment to enhance innovation capabilities, including establishing a lithium battery advanced materials research center[157]. Environmental and Compliance Initiatives - The company has implemented new strategies to mitigate environmental risks, including a 50% reduction in waste emissions by 2023[22]. - The company is closely monitoring policy changes that may impact operations, ensuring adaptability to maintain compliance and minimize risks[22]. - The company anticipates that the implementation of the Kigali Amendment will significantly impact the production and consumption of HFCs, with a target to reduce HFCs by at least 80% over the next 30 years[150]. - The company is committed to improving governance and compliance, ensuring timely and accurate information disclosure to protect the interests of minority investors[158]. Operational Efficiency - The company has achieved a significant reduction in financial expenses by 55.58% to ¥10,636,677.95 due to the repayment of bank financing[105]. - The total operating costs for 2021 amounted to ¥1,109,416,815, a decrease of 31.39% compared to ¥1,617,095,266 in 2020[93]. - The company aims to reduce manufacturing costs significantly through various R&D projects, enhancing its competitive position in the industry[106]. - The company has a complete industrial chain that enhances its competitive advantage and ensures sustainable profitability[71]. Human Resources and Management - The company has established a comprehensive human resources management system, including recruitment, training, performance evaluation, and incentive mechanisms[179]. - The management team is experienced and innovative, focusing on technology and scale development to enhance the company's core competitive advantages[72]. - The current management team includes experienced professionals with backgrounds in engineering and project management[200]. - The management structure includes representatives from various departments, ensuring a well-rounded approach to decision-making[200]. Financial Management and Investments - The company has incorporated 18 subsidiaries into its consolidated financial statements for 2021, with one new addition and 17 divestments[94]. - The company’s investment activities generated a net cash flow of -¥106,224,561.62 in 2021, with cash outflows increasing by 21.76% compared to 2020[118]. - The total investment during the reporting period was ¥47,811,600, representing a 44.41% increase compared to ¥33,108,311 in the same period last year[129]. - The company has ongoing investments in three major projects, with a total investment of ¥86,349,017.11 during the reporting period[129]. Product Development and Market Trends - The company has developed a polyurethane product chain, including polyether polyols and polyester polyols, which are essential for various applications such as insulation and construction materials[52]. - The company is developing a series of polyurethane products for the cold chain industry, aiming for international leading performance and large-scale supply to major players in the sector[157]. - The fourth-generation refrigerant HFO-1234yf and the fourth-generation foaming agent HCFO-1233zd are projected to have significant market potential, with substantial reductions in carbon dioxide emissions compared to previous generations[151][154]. - The lithium battery PVDF market is expected to grow at a compound annual growth rate (CAGR) of over 50% due to the rapid increase in new energy vehicles and the rising proportion of lithium iron phosphate batteries[149].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 504,313,426.90, an increase of 18.84% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was CNY 115,642,347.87, representing a growth of 44.43% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 115,990,491.36, a significant increase of 1,141.59% compared to the previous year[5] - The company's basic earnings per share for Q3 2021 was CNY 0.0999, an increase of 46.70% year-on-year[5] - The company's operating revenue for the current period is 123,652.47 million, a decrease of 9.85% compared to 137,157.25 million in the previous period, primarily due to the divestment of the internet segment and growth in the chemical sector sales revenue[19] - The total profit for the current period is 22,166.28 million, representing a significant increase of 1043.43% from 1,938.58 million in the previous period, mainly driven by improved gross margins in the chemical sector[19] - The net profit for the current period is CNY 197,264,063.72, compared to CNY 15,390,165.91 in the previous period, indicating a substantial increase[48] - Earnings attributable to the parent company's shareholders for the current period is CNY 162,879,254.72, up from CNY 21,479,903.26 in the previous period[51] Cash Flow - The cash flow from operating activities for the year-to-date period reached CNY 130,404,832.64, up 85.34% year-on-year[5] - The net cash flow from operating activities is 13,040.48 million, an increase of 85.34% from 7,035.98 million in the previous period, attributed to increased sales and collections in the chemical sector[22] - Operating cash flow for the current period is ¥130,404,832.64, an increase of 85.5% compared to ¥70,359,821.97 in the previous period[52] - Cash outflow for operating activities totaled ¥649,252,491.66, compared to ¥1,441,729,749.82 in the previous period[52] Segment Performance - The fluorine-containing new materials segment generated revenue of CNY 581,054,800, accounting for 46.99% of total revenue, with a growth of 71.1% year-on-year[9] - The net profit from the fluorine-containing new materials segment was CNY 222,361,000, reflecting a remarkable increase of 1,096.02% compared to the previous year[12] - The company reported a significant decline in net profit from its internet segment, with a loss of CNY 20,060,000, down 145.49% year-on-year[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,039,617,440.34, a decrease of 6.17% from the end of the previous year[5] - The company's long-term borrowings decreased by 79.29% to 1,500.00 million, primarily due to the repayment of maturing loans and the increase in project technical reform loans[19] - The company's total liabilities decreased by 54.71% in short-term borrowings to 15,327.82 million, mainly due to the repayment of maturing loans during the reporting period[19] - Total liabilities decreased to CNY 1,091,682,522.21 from CNY 1,361,375,130.11, reflecting a reduction of approximately 19.8%[44] - Total equity increased to CNY 947,934,918.13 from CNY 812,367,949.05, showing a growth of about 16.7%[44] Investments and Projects - The company increased its stake in Shandong Huaan New Materials Co., Ltd. from 86.59% to 90%, which is expected to enhance its performance contribution starting Q4 2021[12] - The company approved an investment project to construct a facility with an annual capacity of 6,000 tons of PVDF and 11,000 tons of HCFC-142b, along with a co-production of 30,000 tons of HFC-152a[31] - The company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Shanghai QuYue Digital Technology Co., Ltd., with a potential buyer already identified and a contract signed[31] Shareholder Information - The company has a total of 80,039 common shareholders at the end of the reporting period, with the largest shareholder holding 11.72% of the shares[24] Current Assets - As of September 30, 2021, total current assets amounted to approximately CNY 1,110.16 million, a decrease from CNY 1,282.92 million as of December 31, 2020, reflecting a decline of about 13.4%[36] - Cash and cash equivalents decreased to CNY 74.06 million from CNY 310.41 million, representing a decline of approximately 76.1%[36] - Accounts receivable increased to CNY 167.20 million from CNY 129.30 million, marking an increase of about 29.3%[36] - Inventory rose to CNY 134.14 million from CNY 101.25 million, indicating an increase of approximately 32.5%[39] Financial Adjustments - The company did not require adjustments to the beginning balance sheet items due to the absence of significant leasing matters[58] - The third-quarter report has not been audited[59]

Financial Performance - The company's operating revenue for the reporting period was ¥732,211,299.06, a decrease of 22.70% compared to the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥47,236,906.85, representing an increase of 180.62% year-on-year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,174,140.61, up 151.32% from the previous year[30]. - The net cash flow from operating activities was ¥69,305,672.04, an increase of 145.17% compared to the same period last year[30]. - The basic earnings per share was ¥0.04, compared to a loss of ¥0.05 in the same period last year, marking a 180.00% improvement[30]. - The total assets at the end of the reporting period were ¥1,945,000,095.82, a decrease of 10.52% from the end of the previous year[30]. - The net assets attributable to shareholders of the listed company increased to ¥765,924,667.06, up 6.66% from the previous year[30]. - The weighted average return on net assets was 6.37%, an increase of 13.48% compared to the previous year[30]. - The company reported a net loss of 49.81 million yuan for the period, indicating a significant decline in performance[25]. - The company sold its internet segment, which had been generating losses, leading to a positive impact on overall performance[94]. Operational Efficiency - Operating costs decreased by 32.15% to ¥585,196,868.55 from ¥862,508,978.17, attributed to the same divestiture[56]. - Sales expenses were reduced by 70.45% to ¥16,536,154.29 from ¥55,964,802.68, reflecting changes in the scope of consolidation and new revenue recognition standards[56]. - Management expenses decreased by 40.93% to ¥39,617,549.03 from ¥67,070,001.55, also due to the divestiture of the internet segment[59]. - Financial expenses dropped by 53.00% to ¥4,831,510.53 from ¥10,280,819.52, mainly due to reduced interest expenses from loan repayments[59]. - The net cash flow from operating activities increased by 145.17% to ¥69,305,672.04, while cash flow from investing activities decreased by 81,115,883.47[59]. Market Position and Development - The production quota for HCFC-142b in 2021 was 3,650 tons, accounting for 26.28% of the national ODS production quota, indicating a significant market position[41]. - The demand for PVDF is expected to grow due to the rapid development of the new energy vehicle and photovoltaic industries, with a projected increase in HCFC-142b profitability[43]. - The company has developed a full-chain R&D team for polyurethane new materials, enhancing its ability to meet diverse customer needs[53]. - The company maintains long-term partnerships with major air conditioning manufacturers, being recognized as a "Gold Supplier" by Midea and Hisense[55]. - The company has 51 effective patented technologies, showcasing its strong technical advantages in the industry[50]. - The company’s new materials R&D center in Shanghai is positioned to lead in technology development, particularly in cold chain and solar energy applications[46]. - The company’s flexible production model allows for efficient response to market demand and raw material price fluctuations[47]. - The company has actively expanded into international markets, developing new clients in South Korea, Southeast Asia, and the Middle East[46]. - The company’s core management team focuses on technological innovation and scale development, enhancing its competitive position in the market[54]. Project Development - The company has initiated a PVDF (Polyvinylidene Fluoride) project with an annual capacity of 8,000 tons, with phase one at 3,000 tons currently in trial production and phase two at 5,000 tons in equipment customization[72]. - The new fluorocarbon chemical industry chain project with an annual capacity of 12,000 tons is nearly completed and ready for initial input[72]. - The company is also working on a comprehensive project for carbon tetrachloride with an annual capacity of 30,000 tons, currently in trial production[72]. - The total investment for the above projects amounts to approximately 47.66 million yuan, with a total expected output value of around 141.50 million yuan[72]. Risk Management - The company is facing risks from price fluctuations in chemical products, particularly HCFC-142b, which has seen significant price increases[98]. - To mitigate risks, the company plans to enhance its supply chain management and expand its customer base to improve sales stability[98]. - Internal management risks are increasing due to the company's growth, necessitating improvements in decision-making and control systems[99]. - The company aims to optimize its organizational structure and enhance talent acquisition to improve management capabilities[99]. - There are risks associated with new project implementations not meeting expectations due to regulatory and market changes[100]. - The company will closely monitor policy changes and adjust its business strategies accordingly to minimize adverse impacts[100]. Environmental and Safety Management - The company has implemented a comprehensive safety management system to enhance employee safety skills and awareness, which is a core aspect of its operations[103]. - The company has established a multi-level safety production responsibility system to mitigate operational risks[105]. - The wastewater treatment system of Shandong Lianchuang Polymer Co., Ltd. operates normally with a combination of micro-electrolysis, sedimentation, hydrolysis acidification, UASB anaerobic, and aerobic biochemical treatment processes[131]. - Emissions from the waste gas treatment facilities of Shandong Huaan New Materials Co., Ltd. meet standards, with particulate matter at 1.84 mg/m³, SO2 at 5.53 mg/m³, NOX at 16.7 mg/m³, and VOCs at 2.66 mg/m³[127]. - The company has achieved a wastewater discharge standard with ammonia nitrogen at 4.23 mg/L and total nitrogen at 45 mg/L[121]. - The company has established an emergency response plan for environmental incidents, which includes regular employee training and drills[133]. - The waste gas treatment systems for various processes, including chlorinated propane and polyester, are operating normally and meeting discharge standards[125][126]. - The company has a monitoring frequency for volatile organic compounds (VOCs) set at once a month for various emission points[134]. - The company has a training program for new employees, ensuring they pass a three-level safety training before being allowed to work[144]. - The company has established a contractor management system, requiring safety training and qualification before allowing contractors to work on-site[144]. Legal and Compliance Matters - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[165]. - There were no violations regarding external guarantees during the reporting period[166]. - The semi-annual financial report has not been audited[167]. - The company has no significant litigation or arbitration matters during the reporting period[172]. - The company is in the process of transferring 100% equity of Shanghai Lindong Marketing Planning Co., Ltd., which will no longer be included in the consolidated scope after the transfer[170]. - The company has a plan to recover and cancel compensation shares from compensation obligors if performance commitments are not fulfilled[162]. - The company is required to compensate for any profit shortfall if actual net profit does not meet the promised targets[161]. - The company has not encountered any bankruptcy reorganization matters during the reporting period[171]. - The company is involved in multiple ongoing legal disputes, with several cases still pending in court[182]. - The company is actively pursuing claims for various overdue payments and penalties across different legal cases[185].

Financial Performance - The company's operating revenue for Q1 2021 was ¥332,372,048.38, a decrease of 20.60% compared to ¥418,627,084.76 in the same period last year[8]. - Net profit attributable to shareholders was ¥13,337,821.13, representing a significant increase of 144.69% from a loss of ¥29,844,975.05 in the previous year[8]. - Basic earnings per share improved to ¥0.012, up 140.00% from a loss of ¥0.030 in the previous year[8]. - The net profit for the reporting period was CNY 15.33 million, with the continuous operation net profit (mainly from the chemical new materials business) accounting for CNY 13.35 million (87.04%) and the terminated operation net profit (from the digital marketing business) accounting for CNY 1.99 million (12.96%)[23]. - The net profit for the current period is 15,332,910.63, compared to a net loss of -34,320,882.61 in the previous period[101]. - The total profit for the current period is 15,129,470.30, while the previous period recorded a total loss of -36,325,632.48[101]. - The operating profit for the current period is 15,013,541.43, an improvement from the operating loss of -36,296,159.28 in the previous period[101]. - The total comprehensive income for the current period is 15,332,910.63, compared to -34,320,882.61 in the previous period[101]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥56,409,304.24, a remarkable increase of 3,933.97% compared to ¥1,398,357.24 in the same period last year[8]. - Operating activities generated a net cash flow of ¥56,409,304.24, a significant increase compared to ¥1,398,357.24 in the previous period, indicating improved operational efficiency[113]. - Total cash inflow from investment activities amounted to ¥59,724,163.13, while cash outflow was ¥6,411,417.86, resulting in a net cash flow of ¥53,312,745.27, a recovery from a net outflow of ¥4,302,618.27 previously[116]. - Cash inflow from financing activities totaled ¥44,968,696.95, down from ¥162,030,675.09, with a net cash flow of -¥167,932,179.80 compared to a positive flow of ¥17,490,386.50 in the prior period[116]. - The company reported a total cash and cash equivalents balance of ¥124,944,820.83 at the end of the period, down from ¥255,181,931.82 previously, reflecting a decrease in liquidity[116]. - The net increase in cash and cash equivalents was -¥57,918,957.99, contrasting with a positive increase of ¥14,748,805.53 in the prior period, indicating challenges in cash management[116]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,035,890,085.88, down 6.34% from ¥2,173,743,079.16 at the end of the previous year[8]. - The total current assets decreased to ¥1,135,032,715.99 from ¥1,282,924,557.44, indicating a reduction of about 11.5%[78]. - The company's total equity decreased to CNY 185,961,698.75 from CNY 190,118,075.02[91]. - The total liabilities decreased to ¥1,207,575,664.20 from ¥1,361,375,130.11, indicating a reduction of approximately 11.3%[80]. - Short-term borrowings were reduced to ¥153,333,425.95 from ¥338,449,398.17, a decrease of about 54.7%[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,677[12]. - Major shareholder Li Hongguo held 14.56% of the shares, with a total of 168,570,510 shares, of which 82,810,395 shares were pledged[13]. Business Operations and Strategy - The company plans to focus on new materials and fine chemicals, particularly polyurethane new materials, fourth-generation refrigerants, and biodegradable plastics, in response to national carbon neutrality goals[33]. - A new materials R&D center has been established in Shanghai, enhancing collaboration with renowned institutions for new technology and product development[34]. - The PVDF (polyvinylidene fluoride) project aims for an annual capacity of 8,000 tons and is currently under construction, targeting applications in solar photovoltaic cells and electric vehicles[35]. - The biodegradable polymer project, utilizing approximately 20% carbon dioxide in its raw materials, aims to eliminate "white pollution" while recycling CO2, with a construction period of about 18 months[36]. Risk Factors - The company plans to closely monitor policy changes to mitigate risks associated with regulatory impacts on business development[44]. - The company faces market risks due to macroeconomic changes, market demand fluctuations, and raw material price volatility[45]. - Environmental risks are present due to potential pollution from wastewater, waste gas, and waste residue, necessitating the establishment of treatment facilities[48]. Other Financial Metrics - The company reported a significant increase in non-recurring gains and losses, totaling ¥988,117.54 for the period[9]. - The company reported a decrease in financial expenses by CNY 46.01 million (84.43%) due to significant loan repayments, leading to lower interest expenses[27]. - Research and development expenses were CNY 8,679,243.98, down from CNY 10,745,921.78, indicating a focus on cost management[94]. - The company reported a decrease in management expenses to 3,069,281.95 from 6,943,735.97 in the previous period[102].

Financial Performance - The net profit attributable to the listed company for 2020 was -87.38 million yuan, with earnings per share of -0.08 yuan/share, primarily due to losses in the digital marketing business and the impact of the pandemic on the chemical business [5]. - The company's operating revenue for 2020 was ¥1,738,388,036.48, a decrease of 50.53% compared to ¥3,513,747,937.12 in 2019 [22]. - The net profit attributable to shareholders for 2020 was -¥87,383,232.67, an improvement of 94.07% from -¥1,473,977,838.09 in 2019 [22]. - The net cash flow from operating activities was ¥71,043,020.25, down 37.30% from ¥113,309,083.24 in 2019 [22]. - The total assets at the end of 2020 were ¥2,173,743,079.16, a decrease of 33.86% from ¥3,286,654,453.34 at the end of 2019 [22]. - The company reported a basic earnings per share of -¥0.080 for 2020, a significant improvement from -¥1.27 in 2019, reflecting a 93.70% increase [22]. - The company achieved a quarterly operating revenue of ¥528,565,418.90 in Q2 2020, the highest among the four quarters [25]. - The company recorded a net profit attributable to shareholders of ¥80,069,833.24 in Q3 2020, marking a positive turnaround [25]. - The company reported a significant decrease in accounts receivable, down 91.80% to 12,930.18 million from 157,738.11 million in 2019, primarily due to the divestiture of the digital marketing business [42][43]. - The company experienced a 50.53% decline in operating costs, totaling 161,709.53 million in 2020 compared to 313,187.04 million in 2019 [51]. - The investment income surged by 3,585.21% to 12,544.83 million in 2020, up from 340.41 million in 2019, attributed to the divestiture of the digital marketing business [51][56]. - The company achieved a total revenue of 1.738 billion yuan in 2020, with chemical new materials contributing 1.070 billion yuan (61.53%) and digital marketing contributing 668 million yuan (38.47%) [73]. - The net profit for 2020 was -96.03 million yuan, with a profit from continuing operations of 469,450 yuan and a loss from discontinued operations of -100.73 million yuan [73]. - The company reported a non-recurring loss of 87.38 million yuan attributable to the parent company, with earnings per share at -0.08 yuan [73]. Business Operations - The digital marketing business will no longer be included in the consolidated financial statements starting from 2021, as it was sold during the year [5]. - The chemical business achieved only a slight profit for the year due to the pandemic's impact [5]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [7]. - The company maintains that its operational fundamentals have not undergone significant changes, and there are no major risks to its ongoing viability [6]. - The company has initiated multiple new projects in the chemical sector, including biodegradable plastics and new foaming agents, indicating a strategic shift back to its core business [47][48]. - The company has established a full-chain R&D team for polyurethane new materials, enhancing its competitive advantage in various industries [66]. - The company has maintained long-term cooperation with major air conditioning manufacturers, contributing to a stable customer base [67]. - The company is focusing on expanding its product range with new projects aimed at improving safety and reducing costs in production processes [108]. - The company aims to enhance its market presence and brand influence through innovative product development and strategic adjustments [111]. - The company is actively pursuing new product development and technological advancements to drive future growth [143]. Research and Development - The company plans to enhance product R&D capabilities and expand export business in the polyurethane sector, aiming to improve product quality and performance [36]. - The company has developed new environmentally friendly refrigerants, achieving international product quality standards and breaking foreign technology monopolies [36]. - The company emphasizes product research and development, with a rich product line and stable quality to meet market demands [86]. - Research and development expenses amounted to CNY 41,129,606.85 in 2020, representing 2.37% of total revenue, an increase from 1.59% in 2019 [117]. - The number of R&D personnel increased to 203 in 2020, accounting for 33.72% of the total workforce, up from 4.02% in 2019 [117]. - The company has established a new materials R&D center and plans to enhance collaboration with renowned institutions to drive innovation [157]. Strategic Changes - The company sold 100% equity of Shanghai Jichuang Advertising Co., Ltd. for ¥17,750,000, which is expected to optimize company operations [137]. - The purpose of the asset sale is to optimize the company's industrial structure and reduce losses from underperforming assets [140]. - The company aims to concentrate resources to accelerate business expansion, aligning with its operational and strategic development needs [143]. - The company plans to enhance its market presence through strategic asset disposals and acquisitions [143]. - The company sold several loss-making subsidiaries in the internet sector, which had a positive impact on overall performance [150]. - The company is focusing on the research, production, and sales of new materials, particularly fluorine-containing materials [147]. - The company has identified the need to protect the long-term interests of shareholders through strategic asset management [143]. Financial Management - The company has not distributed any cash dividends during the reporting period, maintaining a focus on reinvestment [171]. - The company has not issued any cash dividends in the last three years, indicating a focus on retaining earnings for potential reinvestment [172]. - The total cash dividend amount for the years 2018, 2019, and 2020 was CNY 0.00, reflecting a strategy of reinvestment rather than shareholder returns [172]. - The company has committed to not transferring shares acquired through cash transactions for 12 months post-transaction, with a gradual unlocking of shares thereafter [175]. - The company has made commitments to avoid direct or indirect competition with its subsidiaries and to ensure independent operations from controlling shareholders [178]. - The company has pledged to conduct related party transactions at fair market prices and to comply with relevant laws and regulations [187]. - The company has outlined a commitment to maintain independence in its management and operations, ensuring no overlap with controlling shareholders [181]. - The company has established a long-term commitment to minimize related party transactions and ensure they are conducted at arm's length [188]. Market Challenges - The company faces risks related to market fluctuations, environmental regulations, and technological challenges in the commercialization of innovative products [164][166]. - The company is closely monitoring policy changes that may impact its operations and is prepared to adjust its business strategies accordingly [161].