证券代码：300409 证券简称：道氏技术 编号：2022-019 | --- | --- | --- | --- | |----------------|----------------------------------------------------------------|-------|------------| | | | | | | 投资者关系活动 | □ 特定对象调研 | □ | 分析师会议 | | 类别 | □ 媒体采访 | □ | 业绩说明会 | | | □ 新闻发布会 | □ | 路演活动 | | | □ 现场参观 | | | | | 其他 （电话会议） | | | | 参与单位名称及 | 西部证券：刘小龙、曾俊晖 | | | | 人员姓名 | 南方基金：任婧 | | | | | 汇添富基金：陈通 国泰基金：彭凌志、戴计辉 华泰柏瑞基金：刘芷冰 | | | | | 长城基金：向威达 | | | | | 中金基金：姜盼宇 | | | | | 新华基金：郑毅 | | | | | 睿远基金：周权 | | | | | 长盛基金：王远鸿 | | | | | 中信建投资管：顾辛迪 | | | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥1,561,728,944.78, representing a decrease of 14.62% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥125,184,266.88, a decline of 168.57% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥127,533,541.75, down 169.26% from the previous year[7]. - The basic earnings per share for Q3 2022 was -¥0.22, a decrease of 168.75% compared to the same period last year[7]. - The net profit for the current period is CNY 146,263,181.78, a decrease from CNY 451,497,566.16 in the previous period, representing a decline of approximately 67.6%[35]. - The total profit for the current period is CNY 175,303,497.29, down from CNY 516,369,980.11, indicating a decrease of about 66.0%[35]. - The basic and diluted earnings per share for the current period are both CNY 0.26, compared to CNY 0.83 in the previous period, reflecting a decline of 68.7%[37]. - The total comprehensive income for the current period is CNY 184,575,443.49, compared to CNY 450,976,768.00 in the previous period, a decrease of about 59.0%[35]. - The company’s operating profit for the current period is CNY 178,397,092.52, down from CNY 527,457,748.78 in the previous period, reflecting a decline of approximately 66.2%[35]. Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥11,252,834,839.21, an increase of 40.84% compared to the end of the previous year[7]. - The equity attributable to shareholders increased to ¥5,339,422,629.10, reflecting an 18.86% rise year-on-year[7]. - The total liabilities reached CNY 5,053,507,383.43, compared to CNY 3,375,868,270.75, reflecting a year-over-year increase of 49.6%[31]. - The total liabilities and equity combined reached CNY 11,252,834,839.21, up from CNY 7,990,019,874.43, reflecting a growth of 40.5%[31]. - Non-current assets totaled CNY 4,605,833,520.17, a significant rise from CNY 3,000,403,798.25, marking an increase of 53.5%[30]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥366,933,028.69, a significant decline of 255.75% year-on-year[7]. - Cash flow from operating activities shows a net outflow of CNY -366,933,028.69, contrasting with a net inflow of CNY 235,597,579.82 in the previous period[39]. - Net cash flow from investing activities was -¥1,295,603,070.33, indicating increased investment in construction projects[16]. - Cash flow from investing activities resulted in a net outflow of CNY -1,295,603,070.33, compared to a net outflow of CNY -608,264,508.10 in the previous period[42]. - Net cash flow from financing activities surged by 297.27% to ¥2,751,362,680.74, driven by external capital increases and bank loans[16]. - Cash flow from financing activities generated a net inflow of CNY 2,751,362,680.74, up from CNY 692,564,271.93 in the previous period, indicating an increase of approximately 296.5%[42]. Expenses and Investments - Sales expenses decreased by 37.24% to ¥56,095,894.74 due to the impact of shipping costs included in the cost of goods sold[16]. - R&D expenses increased by 32.83% to ¥218,310,112.05, reflecting higher investment in research and development during the reporting period[16]. - Other income rose by 98.39% to ¥30,539,344.41, primarily due to increased government subsidies[16]. - Investment income turned negative at -¥8,859,250.63, a decline of 176.86% attributed to investment losses from Guangdong Taiji Power Technology Co., Ltd.[16]. - The company reported a significant increase in construction in progress, rising by 247.85% to ¥1,595,517,254.57 due to increased project investments during the reporting period[13]. - The short-term borrowings increased by 46.91% to ¥2,075,556,580.17, indicating a rise in bank loans during the reporting period[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,191, with the largest shareholder holding 23.18%[17]. - The company plans to issue convertible bonds with a total fundraising amount not exceeding ¥260,000 million, adjusting from a previous limit of ¥220,000 million[24].

Financial Performance - The company reported a revenue of 500 million RMB for the first half of 2022, representing a year-on-year increase of 15%[25] - The net profit attributable to shareholders was 80 million RMB, up 20% compared to the same period last year[25] - The company's operating revenue for the first half of 2022 was CNY 3,724,604,463.95, representing a 34.35% increase compared to CNY 2,772,397,918.06 in the same period last year[33] - Net profit attributable to shareholders was CNY 276,071,943.30, a 5.21% increase from CNY 262,408,480.90 year-on-year[33] - The net cash flow from operating activities reached CNY 266,885,684.19, showing a significant increase of 180.73% compared to CNY 95,067,243.16 in the previous year[33] - The company has reported a decrease in basic earnings per share to CNY 0.48, down 5.88% from CNY 0.51 in the previous year[33] - The company achieved significant breakthroughs in the R&D of single-wall carbon nanotube conductive agents, with plans for trial production in Q3 2022 and mass production in Q4 2022[61] - The company reported a total of CNY 0.00 in financial liabilities from other changes during the reporting period[109] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[25] - Strategic partnerships are being formed with two international firms to enhance technology and market reach[25] - The company is actively exploring acquisition opportunities to bolster its product portfolio and expand its operational capabilities[25] - The company plans to expand its production capacity for silicon-based anode materials, targeting a shipment volume of 22,000 tons by 2025[46] - The company has completed the acquisition of a local competitor, which is expected to enhance production capacity by 30%[144] - The company is actively developing overseas nickel resources through its subsidiaries in Hong Kong and Indonesia[66] Research and Development - The company has allocated 10% of its revenue for R&D, focusing on innovative ceramic materials and technologies[25] - Research and development investment rose by 55.83% to CNY 135,752,024.28, indicating a significant increase in R&D efforts during the reporting period[91] - The company has applied for a total of 325 national patents and 5 international patents in the lithium battery materials sector, with 174 patents granted, including 75 invention patents[73] - The company has established several innovation platforms, including national-level research centers, to foster technological advancements[87] Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific emissions data reported[154] - The company reported a total of 0.2417 tons per annum of particulate matter emissions, well below the maximum allowable limit of 3.24 tons per annum[154] - The company has achieved compliance with all reported pollutant discharge standards, with no exceedances noted[156] - Guangdong Jianan's wastewater treatment includes both production and domestic wastewater, with real-time monitoring of ammonia nitrogen and COD at the discharge point[163] - The company has implemented measures to reduce noise pollution from production equipment, meeting standard requirements[165] Production and Capacity - The company has established four production bases, including Qingdao, Jiangmen, Longnan, and Lanzhou, to enhance its supply chain for conductive agents and anode materials[61] - The company has a production capacity of 400,000 tons for ceramic glazes and 35,000 tons for ceramic inks, leading the industry[83] - The company has completed the construction of a new project with an annual production capacity of 10,000 tons of cathode copper, achieving a production value of 16,707.25 million yuan, representing a 102.85% increase compared to the previous period[118] - The annual production capacity for ceramic inkjet printing ink has reached 5,000 tons, with a production value of 4,500 million yuan, reflecting a 69.24% increase[118] Financial Management and Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board to ensure clear responsibilities and effective checks and balances[175] - The company emphasizes the protection of shareholder and creditor rights, ensuring compliance with legal obligations and timely communication of significant information[175] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[180] - The half-year financial report for the company has not been audited[182] Risks and Challenges - The company faces macroeconomic fluctuation risks, particularly related to the construction ceramics industry, which is closely tied to the real estate market and national infrastructure investment[133] - Risks associated with changes in new energy vehicle policies could adversely affect the company's cobalt salt and precursor materials business, as its subsidiaries are involved in the new energy vehicle supply chain[134] - The lithium battery industry's development may not meet expectations, posing risks to the company's future operating performance, especially if alternative products emerge[134] - The company is exposed to metal price and exchange rate fluctuations, particularly for cobalt and copper, which could impact sales scale and overall profit margins[134] Community Engagement - The company donated a total of CNY 190,000 for flood relief efforts and CNY 60,000 for poverty alleviation initiatives during the reporting period[176]

Financial Performance - The company's revenue for Q1 2022 was CNY 1,854,521,728.41, representing a 73.58% increase compared to CNY 1,068,399,561.97 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was CNY 171,470,134.70, a significant increase of 141.68% from CNY 70,947,918.77 in Q1 2021[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 165,789,139.19, up 135.58% from CNY 70,375,948.37 year-on-year[5] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.30, reflecting a 114.29% increase from CNY 0.14 in Q1 2021[5] - The company reported a significant increase in cash and cash equivalents, reaching CNY 1,916,124,830.98, a 90.58% increase from CNY 1,005,411,462.04 at the beginning of the year[13] - The company experienced a 89.07% increase in operating costs, totaling CNY 1,460,725,633.80, primarily due to increased sales volume and rising raw material prices[13] - The company reported a significant increase in accounts receivable, which rose to RMB 1.169 billion, down from RMB 1.332 billion at the beginning of the year, indicating improved collection efficiency[29] - The total profit for the current period was ¥195,771,104.12, up from ¥78,883,382.33, reflecting an increase of about 148.9%[39] Cash Flow - The net cash flow from operating activities for Q1 2022 was CNY 462,448,707.95, a recovery from a negative cash flow of CNY -83,015,620.26 in the same period last year[5] - Cash inflow from operating activities totaled ¥1,767,607,849.80, compared to ¥980,788,755.61 in the previous period, representing an increase of approximately 80.1%[43] - The net cash flow from operating activities was 462,448,707.95, compared to -83,015,620.26 in the previous period, indicating a significant improvement[46] - The total cash outflow from operating activities amounted to 1,305,159,141.85, up from 1,063,804,375.87[46] - The net cash flow from investing activities was -295,175,770.67, compared to -86,954,042.97 in the previous period, reflecting increased investment expenditures[46] - Cash inflow from financing activities totaled 1,445,638,165.21, slightly down from 1,500,101,458.49[46] - The net cash flow from financing activities was 614,821,774.03, down from 965,577,745.76 in the previous period[49] - The ending balance of cash and cash equivalents was 1,542,251,803.48, compared to 1,095,655,504.88 at the end of the previous period[49] Assets and Liabilities - Total assets at the end of Q1 2022 reached CNY 9,193,884,618.51, marking a 15.07% increase from CNY 7,990,019,874.43 at the end of the previous year[13] - The company's total liabilities amounted to RMB 3.704 billion, reflecting an increase of 9.7% from RMB 3.376 billion at the beginning of the year[32] - The company's inventory increased to RMB 1.807 billion, up 3.9% from RMB 1.740 billion at the beginning of the year[29] - The company’s non-current assets totaled RMB 3.204 billion, an increase of 6.8% from RMB 3.000 billion at the beginning of the year[32] - The company’s short-term borrowings increased to RMB 1.547 billion, up 9.5% from RMB 1.412 billion at the beginning of the year[32] Shareholder Information - The total number of common shareholders at the end of the reporting period was 45,314, a decrease of 10 from the previous period[17] - Major shareholder Rong Jihua holds 23.28% of shares, totaling 134,775,481 shares, with 45,150,000 shares pledged[17] - The company’s major shareholder Liang Haiyan holds 5.37% of shares, totaling 31,085,220 shares[17] - The company’s strategic investors will hold 4.12% and 3.09% of Guangdong Jiana after the capital increase[24] Research and Development - Research and development expenses increased by 140.01% to CNY 74,645,812.44, compared to CNY 31,101,743.43 in the same period last year, indicating a focus on innovation[13] - Research and development expenses for the current period were ¥74,645,812.44, significantly higher than ¥31,101,743.43 in the previous period, indicating an increase of about 139.8%[36] Investments and Projects - The company introduced strategic investors to its subsidiary Guangdong Jiana, raising a total of RMB 70 million, increasing its registered capital from RMB 15,447.55 million to RMB 16,649.03 million[22] - The company plans to invest a total of RMB 100 million into Jiangxi Jiana Energy Technology Co., Ltd. for project construction and operation[24] - The company approved a change in the implementation location for a project, moving it from Enping City, Guangdong Province to Longnan City, Jiangxi Province[24] - A total of RMB 147 million will be raised for the subsidiary Wuhu Jiana, with funds allocated for the construction of a 100,000-ton ternary precursor project[24] - The company signed an investment contract with the Wuhu Economic and Technological Development Zone for a project with a total investment of approximately RMB 10 billion, with the first phase investment of RMB 5 billion[25] - The company plans to increase its investment in PT. JIANA ENERGY RESOURCES by up to RMB 1.272 billion to enhance its lithium battery materials business and reduce raw material costs[26] Other Financial Metrics - The company recorded other income of ¥7,095,498.31, compared to ¥4,496,916.90 in the previous period, which is an increase of approximately 57.8%[36] - The company’s financial expenses increased to ¥40,814,245.53 from ¥21,561,607.34, indicating a rise of approximately 89.0%[36] - The company’s tax expenses for the current period were ¥22,776,652.23, compared to ¥8,152,026.25 in the previous period, representing an increase of about 179.5%[39] - The company paid 134,375,262.68 in employee compensation, an increase from 90,098,999.72[46] - The company reported a total of 295,176,136.01 in cash outflow for the acquisition of fixed assets and intangible assets, significantly higher than 87,028,551.03 in the previous period[46] - The company received 700,000,000.00 in cash from investment absorption, down from 1,189,099,997.00[46] - The company experienced a negative impact of -2,544,741.94 from exchange rate fluctuations on cash and cash equivalents[49]

Financial Performance - The company reported a total cash dividend distribution of 28,949,779.05 yuan (including tax), which translates to a cash dividend of 0.50 yuan per 10 shares for all shareholders [5]. - The company has a total of 578,995,581 shares as the basis for the profit distribution plan [5]. - The company's operating revenue for 2021 was ¥6,569,192,183.21, representing a 98.18% increase compared to ¥3,314,724,365.87 in 2020 [26]. - The net profit attributable to shareholders for 2021 was ¥561,699,962.81, a significant increase of 828.18% from ¥60,516,433.78 in 2020 [26]. - The net profit after deducting non-recurring gains and losses reached ¥564,742,664.05, marking a 6,951.57% increase from ¥8,008,746.29 in 2020 [26]. - The total assets at the end of 2021 amounted to ¥7,990,019,874.43, which is a 65.25% increase from ¥4,835,000,748.07 at the end of 2020 [26]. - The net assets attributable to shareholders increased by 81.19% to ¥4,492,026,551.95 from ¥2,479,168,494.74 in 2020 [26]. - The basic earnings per share for 2021 was ¥1.02, up 684.62% from ¥0.13 in 2020 [26]. - The weighted average return on equity for 2021 was 14.52%, compared to 2.45% in 2020, reflecting a 12.07% increase [26]. - The company achieved a revenue of 656,919.22 million CNY in 2021, representing a growth of 98.18% year-over-year [55]. - Net profit attributable to shareholders reached 56,170.00 million CNY, an increase of 828.18% compared to the previous year [55]. - The net profit excluding non-recurring gains and losses was 56,474.27 million CNY, reflecting a staggering growth of 6,951.57% year-over-year [55]. - The company’s total revenue for 2021 reached approximately ¥6.57 billion, representing a 98.18% increase from ¥3.31 billion in 2020 [88]. - Lithium battery materials accounted for 57.58% of total revenue in 2021, with sales amounting to approximately ¥3.78 billion, a 103.89% increase from ¥1.86 billion in 2020 [88]. - Carbon materials revenue surged by 253.46% to approximately ¥573 million, up from ¥162 million in 2020, contributing 8.73% to total revenue [88]. - The ceramic materials segment generated approximately ¥1.49 billion in revenue, accounting for 22.71% of total revenue, with a 75.55% increase from ¥849 million in 2020 [88]. Market Trends and Industry Outlook - The lithium battery market in China reached a shipment volume of 327 GWh in 2021, a year-on-year increase of 129.7% [42]. - The demand for energy storage batteries surged, with shipments reaching 48 GWh in 2021, up 196% year-on-year [42]. - The company anticipates that by 2025, the market size for China's power lithium battery will reach 1,070 GWh, while the global market will reach 1,550 GWh [42]. - The market for carbon nanotube conductive agents is expected to capture 61% of the power battery sector by 2025, driven by the increasing use of high-nickel and silicon-carbon materials [42]. - In 2021, the shipment of negative electrode materials in China reached 720,000 tons, a significant increase of 97.26% compared to 2020, with projections indicating a growth rate of over 20% in the coming years [46]. - Global sales of new energy passenger vehicles reached 6.4954 million units in 2021, marking a year-on-year increase of 108% [49]. - Domestic sales of new energy vehicles in China reached 3.521 million units in 2021, a 162% increase year-on-year, maintaining the position as the world's largest market for seven consecutive years [49]. - The lithium battery anode material market is expected to maintain a growth rate of over 20%, with shipments projected to reach 1.45 million tons by 2025 [164]. - The penetration rate of carbon nanotube conductive slurry in power batteries is expected to reach 61% by 2025, driven by the increasing use of high-nickel and silicon-carbon materials [164]. - The global sales of new energy passenger vehicles are projected to reach 18 million units by 2025, with China's sales expected to hit 8 million units [164]. - The trend towards high nickel content in ternary battery precursors is expected to continue, aligning with the demand for higher energy density in electric vehicles [164]. Research and Development - The company has completed laboratory sample preparation for its fifth-generation single-walled carbon nanotube products, which exhibit superior conductivity and mechanical properties [60]. - As of December 31, 2021, the company has applied for 31 national patents in the carbon materials sector, with 17 granted, including 6 invention patents and 11 utility model patents [60]. - The company has established three major production bases for conductive agents, with Qingdao base achieving an annual production capacity of 20,000 tons of conductive slurry, and plans for Jiangmen base to reach 15,000 tons in 2022 [60]. - The company has integrated its lithium battery materials assets into Wuhu Jiana, focusing on the research, production, and sales of lithium battery materials [64]. - The company’s main products include ternary precursors and cobalt salts, which are essential for the production of battery cathode materials for electric vehicles and energy storage systems [64]. - The company has a complete R&D, procurement, production, and sales system for its lithium battery materials, ensuring a robust operational model [64]. - The company has built several innovation platforms, including a national-level enterprise technology center and a provincial engineering technology research center, to enhance its R&D capabilities [83]. - The R&D team has a significant proportion of young talent, with 45.5% of R&D personnel under the age of 30, indicating a strong future innovation potential [109]. - The company is investing in research and development for new products, with a focus on innovation and technology advancement [197]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report [5]. - The company has outlined potential risks and countermeasures in the section discussing future development prospects [5]. - The company is aware of the potential for significant changes in customer demand or market conditions that could lead to excess production capacity [176]. - The company recognizes macroeconomic risks, including inflation and commodity price fluctuations, which could adversely affect its downstream industries such as new energy vehicles and construction ceramics [171]. - The company faces significant risks from macroeconomic fluctuations that could impact its production and operational activities [174]. - The lithium battery industry development may not meet expectations, posing risks to the company's future performance, particularly if technological advancements lag behind the growth of the electric vehicle market [176]. - The company’s lithium material business relies heavily on cobalt and copper sourced from the Democratic Republic of Congo, making it vulnerable to price volatility and demand fluctuations in the metals market [175]. - Safety risks are present in the lithium material production process due to the use of hazardous chemicals, despite the company's efforts to enhance safety protocols [176]. - The company has implemented safety training and management systems to mitigate production risks associated with hazardous materials [176]. Corporate Governance - The company held one annual general meeting and five extraordinary general meetings during the reporting period, with investor participation rates of 32.39% to 24.76% [188]. - The board of directors consists of 8 members, including 3 independent directors, complying with legal and regulatory requirements [186]. - The company established a performance evaluation system linking the performance of directors and senior management to their compensation [186]. - The company conducted 15 board meetings and 10 supervisory board meetings during the reporting period, ensuring compliance with governance standards [186]. - The company has maintained independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder [187]. - The company has a transparent information disclosure system, ensuring timely and accurate communication with investors [186]. - The company respects the rights of stakeholders, promoting a balance of interests among shareholders, employees, and the community [186]. - The company’s governance structure aligns with the requirements of the Shenzhen Stock Exchange and relevant laws, with no significant discrepancies [186]. - The company has established specialized committees under the board, including an audit committee and a remuneration and assessment committee, to enhance decision-making [186]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [41]. - The company is focusing on the development of lithium battery materials, including ternary precursors, which are crucial for producing battery cathode materials [48]. - The company aims to leverage its innovative capabilities in carbon materials and lithium battery materials to enhance its competitive edge in the market [42]. - The company is actively pursuing strategic mergers and acquisitions to bolster its market position [197]. - The company has implemented new strategies to enhance operational efficiency and reduce costs, aiming for a 10% reduction in operational expenses [197]. - The company is committed to optimizing its human resources by enhancing recruitment channels and deepening school-enterprise cooperation to meet the needs of its multi-base development [170]. - The company is focused on lean manufacturing to continuously reduce costs and improve efficiency, ensuring that annual operational goals are met despite rising raw material prices [170]. - The company is actively developing new products, including ceramic inks and glazes, to meet the demands of the construction ceramics industry [72]. - The company is planning to establish a nickel resource smelting project in Indonesia to further enhance its lithium material business [67].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,829,102,244.83, representing an increase of 85.69% year-over-year[11]. - Net profit attributable to shareholders was ¥182,570,617.18, a significant increase of 419.69% compared to the same period last year[11]. - The net profit excluding non-recurring gains and losses was ¥184,124,614.27, reflecting a 524.74% increase year-over-year[11]. - Basic earnings per share (EPS) was ¥0.32, up 300.00% from the previous year[11]. - Operating revenue for the period reached ¥4,601,500,162.89, significantly higher than ¥2,163,199,114.45 in the same period last year, reflecting a growth of 112.5%[42]. - The net profit for the period reached CNY 451.50 million, a significant increase from CNY 56.80 million in the same period last year, marking an increase of 694.5%[45]. - The total comprehensive income for the period was CNY 450.98 million, compared to CNY 52.42 million in the previous period, representing an increase of 760.5%[48]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,175,620,170.71, an increase of 48.41% from the end of the previous year[11]. - Total assets increased to ¥7,175,620,170.71 as of September 30, 2021, up from ¥4,835,000,748.07 on December 31, 2020, representing a growth of 48.8%[36]. - Current assets rose to ¥4,465,972,803.07, compared to ¥2,595,997,682.58 in the previous year, marking an increase of 72.2%[36]. - Total liabilities increased to ¥2,759,685,967.08 from ¥2,345,841,518.35, a rise of 17.7%[41]. - Total liabilities increased to 2,355,244,583.01 CNY, with a notable rise in current liabilities to 1,784,003,355.12 CNY[62]. Shareholder Equity - Shareholders' equity attributable to the company reached ¥4,393,615,593.57, marking a 77.22% increase year-over-year[11]. - Shareholders' equity reached ¥4,415,934,203.63, up from ¥2,489,159,229.72, reflecting a growth of 77.5%[41]. - Total equity attributable to shareholders of the parent company is approximately $2.48 billion[65]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥235,597,579.82, showing a decrease of 23.51% compared to the previous year[11]. - The cash flow from operating activities was CNY 235.60 million, compared to CNY 308.01 million in the previous period, indicating a decrease of 23.5%[53]. - The net cash flow from investing activities decreased by 280.86% to CNY -608,264,508.10, indicating increased investment in project construction[22]. - The total cash inflow from financing activities reached 2,324,316,176.92 CNY, a substantial increase from 1,289,949,743.08 CNY in the prior period[56]. - The net cash flow from financing activities was 692,564,271.93 CNY, contrasting with a negative cash flow of -266,627,238.13 CNY in the previous period[56]. Operational Costs and Expenses - Operating costs surged by 103.40% to CNY 3,419,395,859.50, attributed to increased sales volume and rising raw material prices[22]. - R&D expenses grew by 75.69% to CNY 164,351,737.24 as the company intensified its investment in research and development[22]. - The total operating costs were CNY 4.04 billion, up from CNY 2.06 billion, reflecting an increase of 96.4%[45]. Investments and Share Issuance - The company issued 95,238,095 shares to 9 specific investors, raising a total of approximately CNY 1.2 billion, with a net amount of CNY 1.19 billion after expenses[35]. - The company’s long-term equity investments rose by 77.35% to CNY 195,857,461.82, reflecting investments in MINERAL METAL TECHNOLOGY SARL and additional investments in Guangdong Taiji Power Technology Co., Ltd.[19]. - The company has convertible bonds with a total issuance of 4.8 million bonds, amounting to CNY 480 million, with a maturity of 6 years[31]. Shareholder Information - The company’s total number of ordinary shareholders reached 37,631, with the largest shareholder holding 23.29% of the shares[23]. - The company’s major shareholders include Liang Haiyan with 31,085,220 shares and Gan Zhou Development Fund with 28,571,428 shares[26]. - The company has 237,062,295 restricted shares at the beginning of the period, with 126,128,095 shares released during the period, leaving 110,934,200 restricted shares at the end[30]. Market and Industry Context - The company benefited from the booming new energy industry, with significant growth in carbon materials and lithium battery materials contributing to profit increases[16]. - The company expanded its ceramic materials business, which significantly contributed to revenue growth across all three major business segments[16].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[24] - The company's operating revenue for the reporting period was ¥2,772,397,918.06, representing a 135.32% increase compared to the same period last year[31] - The company achieved a revenue of 2.772 billion yuan in the first half of 2021, representing a year-on-year growth of 135.32%[81] - Net profit attributable to shareholders was ¥262,408,480.90, a significant increase of 939.44% year-on-year[31] - The net profit after deducting non-recurring gains and losses reached ¥256,399,389.79, marking a 1,431.87% increase compared to the previous year[31] - The basic earnings per share rose to ¥0.51, a 920.00% increase from ¥0.05 in the same period last year[31] - The company reported a net cash flow from operating activities of ¥95,067,243.16, down 55.32% from the previous year[31] - Operating costs amounted to ¥2,063,185,137.22, reflecting a 127.40% increase due to expanded production scale and rising raw material prices[101] Market Expansion and Product Development - User data indicates a growth in active users by 20%, reaching 500,000 users by June 2021[24] - The company plans to launch two new product lines in Q3 2021, focusing on energy-efficient materials[24] - Market expansion efforts include entering three new provinces in China by the end of 2021[24] - The company is investing 50 million RMB in R&D for new technologies related to ceramic materials[24] - The company focuses on new materials, developing a new pattern of "lithium battery materials + carbon materials + ceramic materials" after years of development[39] - The company has achieved multiple international certifications, including ISO9001, ISO14001, and OHSAS18001, highlighting its commitment to quality and industry standards[53] - The company launched the new giant crystal ice particle series, marking a significant breakthrough in dry particle products and crystallization technology[86] - The new product line of dry particle glaze, including large plate dry particles and ice crystal dry particles, is positioned as an innovative product leading the large plate industry[64] Strategic Initiatives and Investments - The company has completed a strategic acquisition of a local competitor, enhancing its market share by 5%[24] - The company aims to enhance its operational capabilities through strategic management initiatives, including the establishment of a strategic promotion department and a research institute to drive innovation and attract high-end talent[88] - The company has identified three major business segments: lithium battery materials, carbon materials, and ceramic materials, to drive performance growth and maintain market leadership[91] - The company has applied for a total of 210 national patents and 2 international patents, with 135 granted, showcasing its commitment to innovation and technology development[94] - The company has invested ¥307.92 million in the lithium mica project during the reporting period, achieving a 100.04% investment progress[123] Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[24] - The company faces macroeconomic fluctuation risks that could affect the construction ceramics industry and, consequently, its product market[150] - Risks related to changes in new energy vehicle policies may adversely impact the demand for cobalt salts and precursor materials[151] - The development of the lithium battery industry is critical, as any technological stagnation could pose significant risks to the company's future performance[152] - The company is exposed to metal price and exchange rate fluctuations, which could affect sales scale and overall profit margins[153] - The company has incurred goodwill from acquisitions, which may lead to impairment risks if the acquired companies' performance deteriorates[156] Environmental Management - Jiana Energy has implemented effective pollution control measures, including the use of integrated sewage treatment facilities and multi-stage cyclone dust removal systems[182] - The company has established an emergency response plan for environmental incidents, which was last updated and approved by the Qingyuan Ecological Environment Bureau on July 8, 2019[187] - The company has a self-monitoring plan for emissions, ensuring compliance with relevant regulations and public information disclosure[188] - The company achieved a total pollutant emission of 0.621 tons of sulfur dioxide, which is significantly below the approved limit of 13.77 tons[193] - The company conducts monthly and quarterly self-monitoring reports through a qualified third-party monitoring center[198]

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,068,399,561.97, representing a 134.07% increase compared to ¥456,450,445.99 in the same period last year[8] - Net profit attributable to shareholders was ¥70,947,918.77, a significant increase of 746.21% from ¥8,384,179.64 in the previous year[8] - Basic earnings per share rose to ¥0.14, reflecting a 600.00% increase from ¥0.02 in the same period last year[8] - The total operating revenue for the current period reached ¥1,068,399,561.97, a significant increase from ¥456,450,445.99 in the previous period, representing a growth of approximately 134.8%[79] - The net profit for the current period was ¥70,731,356.08, a substantial rise from ¥6,277,782.40 in the previous period, reflecting an increase of approximately 1,025.5%[85] - Total operating revenue for the current period reached ¥122,470,017.06, an increase of 16.4% compared to ¥105,174,005.25 in the previous period[90] - Net profit for the current period was ¥21,510,139.82, a decrease of 25.6% from ¥28,920,860.44 in the previous period[93] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,011,525,696.86, up 24.33% from ¥4,835,000,748.07 at the end of the previous year[8] - The company's total assets increased by 200.58% to CNY 1,182,043,394.92, primarily due to the influx of funds from stock issuance[30] - The total liabilities decreased by 63.95% to CNY 55,961,227.00 as a result of repaying long-term bank loans[30] - The total liabilities decreased slightly to CNY 2,260,843,273.76 from CNY 2,345,841,518.35, showing a reduction in overall debt[67] - The total assets increased to ¥5,347,945,416.83 from ¥4,470,331,292.99, marking a growth of about 19.6%[77] - The total liabilities decreased to ¥1,091,009,220.54 from ¥1,424,365,362.47, showing a reduction of approximately 23.4%[77] Cash Flow - The net cash flow from operating activities was negative at -¥83,015,620.26, a decline of 222.94% compared to ¥67,526,558.51 in the same period last year[8] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity and financial stability[85] - The net cash flow from financing activities surged by 12705.20% to CNY 965,577,745.76, driven by the issuance of shares[33] - The net cash flow from financing activities was 965,577,745.76 CNY, a significant increase compared to 7,540,514.40 CNY in the previous period, indicating strong financing performance[103] - The net cash flow from operating activities was -47,743,517.18 CNY, a decline from 100,632,435.17 CNY in the previous period, reflecting challenges in operational cash generation[104] Investments and Projects - The lithium mica comprehensive development project has seen a cumulative investment of ¥37.53 million, achieving an investment progress of 80.03%[44] - The new project for producing 10,000 tons of cathode copper has reached an investment progress of 98.50%, with a cumulative investment of ¥9,357.66 million[44] - The cumulative realized benefits from the investment projects reached approximately ¥87.07 million, with a total investment of ¥36.73 million in the current quarter[44] - The company reported a cash inflow of 30,000,000.00 CNY from investment income, with no previous comparable figure available, suggesting new revenue streams[107] Research and Development - Research and development expenses increased by 56.10% to CNY 31,101,743.43, reflecting the company's commitment to enhancing its R&D efforts[30] - Research and development expenses for the current period were ¥31,101,743.43, compared to ¥19,923,963.11 in the previous period, reflecting an increase of approximately 56.5%[82] - Research and development expenses increased to ¥7,140,335.33, up from ¥3,556,899.76, indicating a growth of 100.5%[90] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,289, with the top ten shareholders holding significant stakes[13] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[19] - The company has not disclosed any overdue commitments from major stakeholders during the reporting period[41] Strategic Focus - The company has actively implemented its development strategy and operational guidelines, focusing on technological innovation and enhancing internal controls to improve management efficiency and market competitiveness[36] - The company plans to terminate the use of raised funds for the lithium mica project and redirect the remaining balance to permanently supplement working capital[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[90] - The company has indicated a focus on strategic acquisitions to enhance its competitive position in the market[85]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[17] - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[17] - The company's operating revenue for 2020 was ¥3,314,724,365.87, representing a 10.99% increase compared to ¥2,986,416,006.02 in 2019[24] - The net profit attributable to shareholders for 2020 was ¥60,516,433.78, a significant increase of 152.14% from ¥24,001,010.44 in 2019[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,008,746.29, up 28.60% from ¥6,227,404.36 in 2019[24] - The company's total assets at the end of 2020 were ¥4,835,000,748.07, an increase of 8.77% from ¥4,445,007,232.94 at the end of 2019[24] - The basic earnings per share for 2020 was ¥0.13, a 160.00% increase from ¥0.05 in 2019[24] - The company reported a net cash flow from operating activities of ¥534,005,406.82, a decrease of 48.69% compared to ¥1,040,753,618.53 in 2019[24] - In 2020, the company achieved a revenue of 3.315 billion yuan, representing a year-on-year growth of 10.99%[90] - The net profit attributable to shareholders reached 60.5164 million yuan, a significant increase of 152.14% compared to the previous year[90] Strategic Plans and Goals - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares, totaling approximately 27.76 million RMB[5] - The company has set a revenue target of 1.5 billion RMB for 2021, indicating a growth expectation of 25%[17] - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales from this region in 2021[17] - The company has initiated a strategic acquisition of a local competitor, which is projected to increase market share by 15%[17] - The company is focusing on a dual-engine development strategy, combining traditional ceramic materials with new energy battery materials to drive performance growth[75] - The company plans to invest in a green manufacturing project for lithium-ion battery materials with an annual production capacity of 50,000 tons of cathode material precursors and 50,000 tons of waste lithium battery recycling[101] - The company aims to enhance its competitive edge by integrating hydrogen energy assets and focusing on fuel cell membrane electrode production[98] - The company plans to continue its strategic investment in the hydrogen energy sector while optimizing its focus on ceramic materials and lithium battery materials[171] Research and Development - Research and development expenses increased by 12% to 100 million RMB, reflecting the company's commitment to innovation[17] - The company has applied for a total of 178 national patents and 2 international patents, with 119 patents granted as of December 31, 2020[81] - The company has a strong R&D team, with a focus on innovative technologies and products, ensuring its leading position in the industry[78] - The company is committed to talent development, enhancing its workforce through external recruitment and internal training to support its growth strategy[181] - In 2021, the company plans to enhance R&D capabilities by leveraging its two research centers and implementing an ERP management system for data management and sharing[176] Market Trends and Industry Insights - In 2020, global new energy vehicle sales reached 3.0952 million units, a year-on-year increase of 40.16%[46] - In China, new energy vehicle production and sales totaled 1.366 million units, with year-on-year growth rates of 7.5% and 10.9% respectively[46] - The installed capacity of power batteries in 2020 reached 64.1 GWh, with ternary batteries accounting for 41.2 GWh, representing nearly 64% of the total[49] - The penetration rate of carbon nanotube conductive agents in China's power lithium battery market is expected to rise from 31.8% in 2018 to 82.2% by 2023[50] - The demand for carbon nanotube conductive paste is projected to grow at a compound annual growth rate of 40.8%, increasing from 34,400 tons in 2018 to 190,600 tons by 2023[50] - By 2025, the market shipment volume of lithium batteries in China is expected to reach 615 GWh, with a compound annual growth rate exceeding 25% from 2021 to 2025[49] - The global transition towards a low-carbon economy is expected to drive the growth of the new energy vehicle sector and related industries[44] Risks and Challenges - The company identified potential risks in supply chain disruptions and plans to implement mitigation strategies to address these challenges[5] - The company faces risks from macroeconomic fluctuations that could impact its construction ceramics business, which is closely tied to the real estate market[183] - The company is exposed to risks from potential policy changes in the new energy vehicle sector, which could affect its subsidiaries' operations[187] - The company’s performance is significantly influenced by the development of the lithium battery industry, with risks if technological advancements do not meet expectations[188] - The company has recognized the risk of goodwill impairment due to acquisitions, which could adversely affect its financial results if the acquired companies perform poorly[190] - The company faces risks related to organizational structure and management systems that may hinder operational efficiency and growth opportunities[193] - The subsidiary, Jiana Energy, has implemented safety regulations and training to mitigate risks associated with hazardous chemicals, but the potential for accidents remains[194] - The company raised funds through a specific issuance of A-shares in 2020, but faces risks from market uncertainties and declining profitability in the industry due to subsidy reductions and price fluctuations[195] Operational Highlights - The company has established a stable customer base, including well-known enterprises such as BYD and Nandu Power[77] - The company has achieved mass production of high-nickel precursors, which have been validated by downstream customers, ensuring stable business development[38] - The company’s graphene conductive agent business has seen significant growth due to increased demand from lithium battery manufacturers[38] - The company has established a waste lithium-ion battery dismantling line, recognized as a typical model for the recycling of power batteries in Guangdong Province[91] - The company has established strategic partnerships with major ceramic enterprises, enhancing its brand influence in the large plate and rock plate materials market[96] - The company has retained 150.59 million CNY in raised funds to ensure the construction of a 10,000-ton capacity project, indicating a strategic focus on lithium mica development[163] Financial Position and Investments - The company's fixed assets increased by 8.30% year-on-year, primarily due to the transfer of certain projects in the Democratic Republic of the Congo to fixed assets[70] - The company's accounts receivable grew by 89.38% year-on-year, reflecting an expansion in sales scale[70] - The company reported a 196.09% year-on-year increase in notes receivable, attributed to an increase in bank acceptance bills received during the reporting period[70] - The company’s long-term equity investments increased by 343.38% year-on-year, mainly due to increased investments in joint ventures[70] - The total investment amount for the reporting period was CNY 330,225,116.37, a decrease of 21.16% compared to the previous year's investment of CNY 418,838,728.50[145] - The company reported a total of CNY 126,991,583.29 in financial assets at the end of the period, with CNY 41,048,000.00 purchased during the reporting period[147] - The company has CNY 463,125,606.32 in restricted assets, including CNY 93,031,530.08 in cash and CNY 209,472,989.53 in fixed assets[144] - The company utilized CNY 4,794.87 million of the raised funds during the reporting period, with a cumulative usage of CNY 35,344.7 million[151]

Financial Performance - Operating revenue for the period reached CNY 985,039,442.12, representing a year-on-year increase of 28.85%[9] - Net profit attributable to shareholders decreased by 31.75% to CNY 35,130,687.04 compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,471,990.13, down 45.36% year-on-year[9] - Basic earnings per share were CNY 0.08, a decrease of 27.27% compared to the same period last year[9] - The weighted average return on equity was 1.42%, down 0.74 percentage points year-on-year[9] - Cash flow from operating activities was CNY 95,242,508.84, a decrease of 44.36% compared to the same period last year[9] - The total operating revenue for the current period reached ¥985,039,442.12, an increase from ¥764,500,401.18 in the previous period, representing a growth of approximately 29%[66] - The total operating costs amounted to ¥949,882,542.50, up from ¥726,227,831.10, indicating an increase of about 31%[69] - The net profit for the current period was ¥34,097,846.37, compared to ¥50,813,021.58 in the previous period, reflecting a decrease of approximately 33%[72] - The total comprehensive income for the current period is CNY 14,471,556.17, compared to CNY 7,951,633.59 in the previous period, indicating a significant increase[82] Assets and Liabilities - Total assets increased by 4.87% to CNY 4,661,488,218.34 compared to the end of the previous year[9] - The company's accounts receivable increased by 100.87% to approximately ¥627.09 million due to higher sales revenue during the reporting period[20] - Other receivables surged by 638.44% to approximately ¥66.85 million, primarily due to capital contributions to Guangdong Taiji Power Technology Co., Ltd.[20] - The company's long-term borrowings increased by 48.75% to approximately ¥244.44 million during the reporting period[20] - Total liabilities increased to CNY 2,163,507,335.76 from CNY 1,971,890,127.49, which is an increase of approximately 10%[55] - The company's equity attributable to shareholders rose to CNY 2,484,872,420.00 from CNY 2,470,629,432.03, showing a growth of about 1%[58] - The total current liabilities were CNY 1,431,538,036.29 as of September 30, 2020[117] - The total non-current liabilities amounted to CNY 540,352,091.20 as of September 30, 2020[120] Cash Flow - Cash inflow from operating activities was CNY 1,807,678,555.44, down from CNY 2,412,258,511.69 in the previous year, reflecting a decline of 25.0%[100] - Cash outflow from operating activities totaled CNY 1,499,670,763.07, compared to CNY 1,875,303,922.60 in the same period last year, a decrease of 20.0%[100] - The ending cash and cash equivalents balance was CNY 236,966,555.22, down from CNY 453,287,808.31 at the end of Q3 2019[102] - Cash inflow from sales of goods and services was CNY 1,714,408,291.25, compared to CNY 2,315,465,187.62 in the previous year, a decrease of 26.0%[100] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,212[13] - The largest shareholder, Rong Jihua, holds 31.16% of the shares, totaling 143,325,000 shares[13] Government Subsidies - The company received government subsidies amounting to CNY 18,263,857.58 during the reporting period[9] - The company received government subsidies totaling approximately ¥18.26 million, reflecting an 81.90% increase compared to the previous period[23] - The company received a total of government subsidies amounting to 13,678,945.60 CNY in 2020, which is expected to have a positive impact on the annual profit[35] Research and Development - Research and development expenses for the current period were ¥42,117,188.89, up from ¥29,699,774.50, indicating a growth of approximately 42%[69] - Research and development expenses for the current period amount to CNY 93,544,493.35, slightly up from CNY 89,233,016.89 in the previous period, indicating an increase of about 4.0%[83] Market Performance - The company reported a significant increase in sales revenue and market share for its ceramic products, driven by new product launches[40] - The cobalt salt products maintained stable operations, with a rapid recovery in orders for ternary precursors and gradually increasing capacity utilization[40] - The MJM copper products business achieved record high production and profits during the reporting period[40] - The conductive agent business experienced a rapid recovery in the new energy vehicle market, with increasing product shipment volumes[40] - The lithium carbonate business underperformed due to long-term low market prices, and there are risks associated with the implementation of the lithium mica comprehensive development project[40] Compliance and Governance - The company has not engaged in any non-compliance external guarantees during the reporting period[41] - The company implemented new revenue and leasing standards starting January 1, 2020, affecting the financial statements[119] - The company has implemented new revenue recognition standards since January 1, 2020, affecting financial reporting[130] - The third-quarter report was not audited, which may impact the reliability of the financial data presented[131]