Financial Performance - The company's operating revenue for 2019 was ¥1,569,075,036.16, a decrease of 4.90% compared to ¥1,649,849,487.54 in 2018[16] - The net profit attributable to shareholders was ¥149,762,694.22, down 28.40% from ¥209,158,538.75 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥145,452,313.42, a decline of 29.19% compared to ¥205,400,733.13 in 2018[16] - The basic earnings per share decreased to ¥1.13, down 28.48% from ¥1.58 in 2018[16] - The company's revenue for the pesticide industry reached ¥1,561,573,052.37, representing a year-on-year decrease of 4.94%[46] - The gross profit margin for the pesticide industry was 23.61%, a decline of 0.51% compared to the previous year[46] - Domestic sales amounted to ¥872,369,256.23, with a year-on-year increase of 4.73%, while overseas sales were ¥696,705,779.93, down 14.71%[46] - The total sales volume in the pesticide industry was 6,850.58 tons, showing a slight decrease of 0.32% from 2018[47] Assets and Liabilities - The total assets at the end of 2019 were ¥2,240,386,397.11, a slight increase of 0.09% from ¥2,238,334,869.43 at the end of 2018[16] - The net assets attributable to shareholders increased by 7.11% to ¥1,282,236,643.49 from ¥1,197,173,444.48 in 2018[16] - The company's fixed assets grew by 52.56% compared to the beginning of the period, primarily due to the completion of several construction projects[33] - The company's cash and cash equivalents decreased to ¥471,262,792.50, representing 21.03% of total assets, down by 3.23%[64] - The company's short-term borrowings decreased to ¥162,625,651.80, accounting for 7.26% of total assets, down by 2.67%[64] - The company's long-term borrowings increased to ¥269,857,756.50, representing 12.05% of total assets, up by 2.15%[64] Cash Flow - The cash flow from operating activities was ¥254,973,691.39, down 8.99% from ¥280,165,159.26 in the previous year[16] - The net cash flow from operating activities was ¥254,973,691.39, a decrease of 8.99% compared to the previous year[58] - The net cash flow from financing activities decreased by 197.91%, resulting in a net outflow of ¥95,213,022.41, attributed to loan repayments[58] Investment and R&D - The company has developed over 600 pesticide active ingredients, indicating a diverse product portfolio[35] - The company holds 46 patents and has a strong R&D team primarily composed of PhDs and Masters[34] - Research and development expenses for the year were ¥44,192,148.75, accounting for 2.82% of total revenue, down from 3.28% in 2018[55] - The company plans to invest in new pesticide projects at the Huai'an base and Nanjing new plant, and upgrade the Nanjing old plant facilities[83] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[105] Market Position and Strategy - The company holds a leading position in several niche markets, including chlorfluoropyrrolidine and thiamethoxam, and has received multiple industry awards in 2019[31] - The company aims to develop into a high-end fine chemical enterprise with international competitiveness, focusing on green technology and sustainable development[82] - The company plans to enhance its EHS management system to prevent major safety and environmental incidents throughout the year[83] - The company plans to reduce operational costs by 8% through efficiency improvements in the supply chain[101] Risk Management - The company faces risks including raw material supply and price fluctuations, exchange rate risks, and environmental protection risks[4] - The company’s cost structure is heavily influenced by raw material prices, which have shown volatility, affecting overall profitability[30] - The company will manage exchange rate risks through export trade financing and foreign exchange derivatives, as a significant portion of sales revenue comes from overseas[85] Profit Distribution - The company has a profit distribution policy prioritizing cash dividends, ensuring returns to investors while considering long-term development[89] - The company plans to distribute cash dividends of at least 20% of the distributable profits each year, or a cumulative total of 60% over three years[90] - In 2019, the company proposed a cash dividend of 3.00 RMB per 10 shares, totaling 39,609,000 RMB, which represents 26.45% of the distributable profits[95] - The total distributable profit for 2019 was 149,762,694.22 RMB, with the cash dividend amounting to 39,609,000 RMB[96] Environmental Compliance - The company is classified as a key pollutant discharge unit, with total COD emissions of 72.56 tons, below the regulatory limit of 582.246 tons[167] - The company has implemented a stable profit distribution policy to ensure reasonable returns for shareholders[163] - The company has established a wastewater treatment station that operates under a "one enterprise, one pipe" discharge policy, ensuring efficient management of wastewater[170] - The company has received administrative penalties but has completed the required rectifications without affecting normal operations[176] Shareholder Structure - The total share capital increased from 73,350,000 shares to 132,030,000 shares due to a capital reserve distribution plan approved on April 12, 2019, which involved a bonus issue of 8 shares for every 10 shares held[182] - The controlling shareholders hold a total of 26,475,900 shares, accounting for 48.1380% of the total share capital before the initial public offering[124] - Wu Yaojun, the largest shareholder, holds 30.10% of the shares, totaling 39,736,620 shares, with 9,934,155 shares pledged[190] - The second-largest shareholder, Zhou Xuejin, holds 12.88% of the shares, totaling 17,006,760 shares[190]

Financial Performance - Operating revenue for the reporting period was approximately ¥315.93 million, down 17.51% year-on-year, while year-to-date revenue reached approximately ¥1.20 billion, an increase of 2.11%[7] - Net profit attributable to shareholders for the reporting period was approximately ¥23.35 million, a decrease of 55.10% year-on-year, with year-to-date net profit at approximately ¥121.53 million, down 8.91%[7] - Basic earnings per share for the reporting period were ¥0.18, a decline of 53.85% compared to the same period last year[7] - The weighted average return on equity for the reporting period was 1.87%, a decrease of 60.00% year-on-year, while year-to-date return on equity was 9.66%, down 2.86%[7] - Total operating revenue for Q3 2019 was CNY 315,926,361.76, a decrease of 17.5% compared to CNY 382,986,909.52 in the same period last year[33] - Net profit for Q3 2019 was CNY 22,374,506.15, a decline of 57.0% from CNY 52,013,231.71 in Q3 2018[34] - The total operating revenue for the third quarter was approximately CNY 914.89 million, a decrease of 2.5% compared to CNY 935.11 million in the same period last year[45] - The net profit for the third quarter was CNY 128.36 million, down 3.9% from CNY 132.90 million year-over-year[46] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.16 billion, a decrease of 3.56% compared to the end of the previous year[7] - Total assets decreased to ¥2,158,625,433.86 from ¥2,238,334,869.43, reflecting changes in current and non-current assets[24] - Total liabilities decreased to ¥888,450,894.19 from ¥1,030,108,682.17, indicating a reduction in both current and non-current liabilities[25] - The company's total assets as of September 30, 2019, were CNY 1,810,576,158.32, down from CNY 1,893,194,455.15 at the end of 2018[31] - The company's total liabilities were CNY 520,480,763.42, down from CNY 674,056,759.93 in the previous year[30] Cash Flow - The company reported a net cash flow from operating activities of approximately ¥126.01 million, an increase of 39.63% year-to-date[7] - Net cash flow from operating activities increased by 39.63% to ¥126,005,412.62, driven by business growth and increased cash receipts[15] - The cash flow from operating activities generated a net amount of CNY 126.01 million, an increase of 39.7% from CNY 90.24 million in the previous year[50] - Total cash inflow from operating activities was ¥936,085,633.66, compared to ¥844,174,689.54 in the previous year, indicating a growth of about 10.9%[54] - The net cash flow from financing activities was -¥206,314,574.82, compared to a positive cash flow of ¥146,437,725.71 in the same period last year, indicating a decline in financing activities[55] Research and Development - R&D expenses surged by 114.43% to ¥35,308,684.88, mainly due to increased costs for new research projects[15] - Research and development expenses for Q3 2019 were CNY 13,404,106.23, significantly higher than CNY 5,534,955.62 in the same period last year, indicating increased investment in innovation[33] - Research and development expenses increased significantly to CNY 12,788,821.09, up from CNY 4,818,826.87, indicating a focus on innovation[37] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,014[11] - The largest shareholder, Wu Yaojun, holds 30.10% of the shares, with 39,736,620 shares pledged[11] Financial Expenses - Financial expenses skyrocketed by 46,965.99% to ¥7,929,498.69, primarily due to exchange rate fluctuations and interest no longer being capitalized[15] - The company’s financial expenses increased to CNY 3.77 million, compared to a negative CNY 0.98 million in the previous year[46] - The company’s financial expenses showed a significant reduction, with a net financial cost of CNY -2,842,956.86 compared to CNY -3,802,410.01 in the previous year[37] Government Subsidies and Other Income - The company received government subsidies amounting to approximately ¥1.79 million during the reporting period[8] - Non-recurring gains and losses totaled approximately ¥2.65 million for the year-to-date period[8] - The company reported a cash inflow from tax refunds of ¥30,114,786.11, down from ¥54,454,459.01 in the previous year, indicating a decrease of approximately 44.8%[54]

Financial Performance - Total revenue for the first half of 2019 was RMB 888,222,150.69, an increase of 11.54% compared to RMB 796,333,940.19 in the same period last year[18]. - Net profit attributable to shareholders was RMB 98,177,517.19, representing a growth of 20.61% from RMB 81,403,866.19 year-on-year[18]. - Net cash flow from operating activities surged to RMB 119,203,832.29, a remarkable increase of 778.11% compared to RMB 13,574,976.64 in the previous year[18]. - Basic and diluted earnings per share decreased to RMB 0.74, down 33.33% from RMB 1.11 in the same period last year[18]. - Total assets at the end of the reporting period were RMB 2,161,557,114.32, a decrease of 3.43% from RMB 2,238,334,869.43 at the end of the previous year[18]. - Net assets attributable to shareholders increased to RMB 1,238,056,785.60, up 3.41% from RMB 1,197,173,444.48 at the end of the previous year[18]. - The company achieved operating revenue of 888.22 million RMB, an increase of 11.54% compared to the same period last year[37]. - Net profit reached 98.18 million RMB, reflecting a growth of 20.61% year-on-year[37]. Research and Development - The company focuses on the research, production, and sales of new efficient and low-toxicity pesticides, primarily chemical pesticides used for controlling harmful agricultural pests[25]. - The company holds 46 patents and is recognized as a national high-tech enterprise, with a strong R&D team primarily composed of PhDs and Masters[30]. - The company has developed over 600 pesticide active ingredients, leveraging market research to select products with strong market potential[31]. - The company has invested a total of 50.34 million RMB in the R&D center project, which is now operational[38]. - Research and development expenses rose significantly to CNY 21,904,578.65 in the first half of 2019, up from CNY 10,931,052.97 in the first half of 2018, indicating a 100.5% increase[145]. Market and Competition - The company's revenue is significantly influenced by industry conditions, product development capabilities, and market competition, with a strong focus on capturing opportunities from the global pesticide industry's shift to developing countries[27]. - The company’s main business gross profit comes from its pesticide operations, which have shown strong market competitiveness and demand growth[28]. - The company’s ability to adapt to market changes and maintain a flexible production mechanism enhances its competitive edge in the pesticide market[31]. Financial Management and Investments - The company has established strategic supplier relationships with major multinational companies, ensuring stable supply and deepening cooperation through product development[32]. - The company has increased its prepayments by 39.89% due to tightening raw material supplies, impacting its operational costs[29]. - The company has a total of 3,000 million yuan in various bank financial products with annualized returns ranging from 2.22% to 3.91%[61]. - The company has maintained a diversified investment strategy across different banks[62]. - The company continues to focus on financial product investments as a key strategy[62]. Risks and Challenges - The company faces risks including raw material supply and price fluctuations, exchange rate risks, and environmental protection risks[4]. - The company plans to enhance procurement management to mitigate the impact of raw material price fluctuations, which significantly affect operating costs and gross margins[70]. - The company is facing risks related to environmental protection and safety production, as the pesticide industry generates waste and involves hazardous materials[70]. - Future capital expenditures for new project construction are expected to be substantial, potentially leading to increased depreciation and operational costs, which may adversely affect performance in the short term[71]. Environmental Management - The company has established a comprehensive environmental management system, including regulations for wastewater discharge and solid waste management[98]. - Jiangsu Zhongqi has implemented advanced wastewater treatment technologies, including a high-efficiency catalytic oxidation process and a combination of hydrolysis-acidification, anoxic, and aerobic processes[100]. - The company collaborates with leading research institutions to enhance its environmental protection technologies[99]. - The company has a dedicated environmental management organization to oversee compliance with pollution control regulations[98]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,561[118]. - Major shareholder Wu Yaojun holds 30.10% of shares, totaling 39,736,620 shares[118]. - Major shareholder Zhou Xuejin holds 15.66% of shares, totaling 20,675,920 shares[118]. - The total number of shares held by directors and senior management at the end of the period was 23,416,988 shares, with a decrease of 2,820,080 shares during the period[127]. Compliance and Governance - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting a true and complete financial status[179]. - The company has not reported any significant litigation or arbitration matters during the reporting period[78]. - The company has not faced any production restrictions or significant adverse impacts from past administrative penalties, ensuring normal operations[105].

Financial Performance - Total revenue for Q1 2019 reached ¥549,947,693.26, representing a year-over-year increase of 32.48% compared to ¥415,131,216.93 in the same period last year[8] - Net profit attributable to shareholders was ¥74,820,744.06, a significant increase of 121.61% from ¥33,761,912.27 in the previous year[8] - Basic earnings per share rose to ¥1.02, up 121.74% from ¥0.46 in the same period last year[8] - The company achieved operating revenue of CNY 549.95 million, an increase of 32.48% compared to the same period last year[19] - Net profit attributable to shareholders reached CNY 74.82 million, a significant increase of 121.61% year-on-year[19] - Net profit for Q1 2019 was CNY 74,316,888.54, compared to CNY 33,761,912.27 in the same period last year, reflecting a significant growth of 120%[47] - The company reported a total comprehensive income of CNY 74,316,888.54, significantly higher than CNY 33,761,912.27 from the previous year[48] Assets and Liabilities - The company's total assets increased by 8.19% to ¥2,421,673,845.94 from ¥2,238,334,869.43 at the end of the previous year[8] - Total current assets increased to ¥1,259,564,416.32 as of March 31, 2019, up from ¥1,136,055,199.69 at the end of 2018, representing a growth of approximately 10.9%[36] - Total liabilities increased to ¥1,138,445,497.35 from ¥1,030,108,682.17, which is an increase of approximately 10.5%[38] - Total liabilities increased to CNY 719,910,886.46 from CNY 674,056,759.93, indicating a rise in the company's financial obligations[44] - The company reported a total asset value of 2,238,334,869.43 yuan, with non-current assets accounting for 1,102,279,669.74 yuan[63] Cash Flow - The net cash flow from operating activities improved by 62.89%, with a net outflow of ¥22,836,248.62 compared to ¥61,541,807.60 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 22,836,248.62, an improvement from the previous year's outflow of CNY 61,541,807.60[56] - The company reported a cash inflow from financing activities of CNY 151,987,657.16, compared to CNY 121,412,433.59 in the prior year, representing a growth of 25.1%[56] - The total cash outflow from investing activities was CNY 42,040,461.81, a decrease from CNY 110,035,260.24 in the previous year[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,010[11] - The top shareholder, Wu Yaojun, holds 30.10% of the shares, amounting to 22,075,900 shares, with 6,880,000 shares pledged[11] Research and Development - Research and development expenses increased by 88.20% to CNY 9.52 million, driven by higher investment in innovation[18] - Research and development expenses for the quarter were CNY 9,522,271.99, compared to CNY 5,059,763.83 in the previous period, highlighting a focus on innovation[45] Investment and Capital Management - The company plans to enhance procurement management to mitigate risks associated with raw material price fluctuations[21] - The company is focused on expanding its production capacity, which may lead to increased capital expenditures and operational costs in the coming years[21] - The total amount of raised funds is CNY 36,548.01 million, with CNY 946.4 million invested in the current quarter[27] - Cumulative amount of raised funds utilized is CNY 35,089.45 million, representing 96.0% of the total raised funds[27] - The cumulative amount of changed purpose for raised funds is CNY 25,550.77 million, accounting for 69.91% of the total raised funds[27] Compliance and Governance - The company has not experienced any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[25] - There are no violations regarding external guarantees during the reporting period[30] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[31] - The company confirms that the use of raised funds complies with relevant laws and regulations, with no violations in disclosure[28]

Financial Performance - The company's operating revenue for 2018 was ¥1,649,849,487.54, representing a 27.40% increase compared to ¥1,295,059,730.70 in 2017[15] - The net profit attributable to shareholders for 2018 was ¥209,158,538.75, an increase of 78.27% from ¥117,325,262.97 in 2017[15] - The net profit after deducting non-recurring gains and losses was ¥205,400,733.13, up 86.17% from ¥110,332,289.28 in 2017[15] - The net cash flow from operating activities was ¥280,165,159.26, a 74.71% increase from ¥160,360,358.88 in 2017[15] - The basic earnings per share for 2018 was ¥2.850, reflecting a growth of 78.13% compared to ¥1.600 in 2017[15] - The total assets at the end of 2018 amounted to ¥2,238,334,869.43, a 30.04% increase from ¥1,721,254,589.49 at the end of 2017[15] - The net assets attributable to shareholders increased by 18.75% to ¥1,197,173,444.48 from ¥1,008,147,701.78 in 2017[15] - The weighted average return on equity for 2018 was 19.04%, up from 12.28% in 2017[15] Dividend Policy - The company plans to distribute a cash dividend of ¥8.00 per 10 shares, based on a total of 73,350,000 shares[4] - The total distributable profit for the year was RMB 570.50 million, with cash dividends accounting for 100% of the profit distribution[103] - The company achieved a net profit attributable to shareholders of RMB 209.16 million for the year 2018, resulting in a cash dividend payout ratio of 28.06%[106] - The company has a cash dividend policy that mandates at least 20% of the distributable profit to be distributed in cash annually, or 60% over three years[97] Market Position and Competition - The company maintained a leading position in the market for products such as chlorfluoropyrrolidine and thiamethoxam, recognized as one of the top 500 chemical companies in China[29] - The pesticide industry accounted for ¥1,642,792,308.67, representing 99.57% of total revenue, with a year-on-year growth of 28.22%[44] - The company’s main business revenue is driven by its pesticide business, which provides a stable profit source despite increasing market competition[28] - The pesticide industry is characterized by high entry barriers and consolidation, with major global players completing large-scale mergers, impacting domestic competition[88] Research and Development - The company has invested 46.92 million yuan in the R&D center project, which is now operational[39] - The number of R&D personnel increased to 150, representing 11.27% of the workforce[56] - Research and development expenses totaled ¥54,144,928.39, accounting for 3.28% of total revenue, slightly down from 3.30% in 2017[57] - The company holds 38 patents, including 17 invention patents and 21 utility model patents, with additional applications pending[41] Risks and Challenges - The company faced risks related to raw material supply and price fluctuations, exchange rate risks, and environmental protection[4] - The company will manage exchange rate risks through export trade financing and foreign exchange derivatives, as half of its revenue comes from exports[92] - The company faces risks related to raw material supply and price fluctuations, which significantly impact operating costs and gross margins[91] Environmental and Social Responsibility - The company emphasizes corporate social responsibility, ensuring transparency and timely information disclosure to shareholders[163] - The company has established various environmental management systems, including wastewater discharge management regulations and emergency response plans for pollution incidents[167] - The company has constructed rotary kilns and liquid incineration facilities for hazardous waste disposal, which are currently in normal operation[169] - The company has developed an emergency response plan for environmental incidents and conducted drills to evaluate the effectiveness of these plans[170] Investment and Capital Management - The total investment amount for the reporting period was 487.90 million yuan, representing a year-on-year increase of 107.99%[69] - The company reported a financial derivative loss of RMB 4,205,291 in the current period, with total financial derivatives amounting to RMB 101,566,000[74] - The company has a remaining balance of RMB 28,407,000 in the special account for raised funds as of December 31, 2018[78] - The company will optimize investment management for new projects to mitigate risks associated with large capital expenditures and ensure timely project completion[91] Shareholder Structure and Governance - The total number of shares is 73,350,000, with 53.11% being restricted shares and 46.89% being unrestricted shares[176] - Major shareholders include Wu Yaojun with 30.10% and Zhou Xuejin with 17.17% of the shares[181] - The company has established a complete decision-making process for profit distribution, with independent directors fulfilling their responsibilities[101] - The company’s board includes experienced professionals with backgrounds in various industries, enhancing its governance structure[192]

Financial Performance - Net profit attributable to shareholders rose by 231.18% to CNY 52,013,231.71 for the current period[7]. - Operating revenue for the current period reached CNY 382,986,909.52, reflecting a growth of 48.02% year-on-year[7]. - Basic earnings per share increased by 238.10% to CNY 0.71[7]. - The weighted average return on net assets improved by 208.59% to 5.03%[7]. - The net profit after deducting non-recurring gains and losses surged by 264.92% to CNY 54,006,176.53 for the current period[7]. - The total comprehensive income for the current period was ¥52,013,231.71, compared to ¥15,705,493.45 in the previous period, reflecting a growth of 231.73%[40]. - The total profit for the current period was ¥46,804,826.82, up from ¥29,514,709.29, showing a growth of 58.61%[40]. - Net profit for the current period was ¥132,898,580.64, up 40% from ¥94,960,725.55 in the previous period[48]. - Total profit for the current period was ¥155,791,889.63, a 38.2% increase from ¥112,683,321.08 in the previous period[48]. Assets and Liabilities - Total assets increased by 20.32% to CNY 2,070,966,238.67 compared to the end of the previous year[7]. - The company's total assets increased to ¥1,817,413,373.41, up from ¥1,534,076,159.49 at the beginning of the year, reflecting a growth of 18.5%[32]. - Current liabilities rose to ¥456,496,050.11, compared to ¥410,418,687.83 at the start of the period, indicating a 11.2% increase[32]. - Long-term borrowings increased to ¥209,200,222.70, up from ¥84,865,899.16, marking a growth of 146.5%[32]. - Cash and cash equivalents decreased to ¥359,812,726.44 from ¥458,829,130.56, a decline of 21.6%[30]. - Cash and cash equivalents at the end of the period totaled ¥290,494,861.57, down from ¥428,453,031.94 at the beginning of the period[55]. Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 90,244,400.83, up 149.16%[7]. - Cash flow from operating activities improved by 149.16%, totaling CNY 90,244,400.83, driven by faster collection of receivables[16]. - Cash inflow from financing activities totaled ¥303,194,322.01, compared to ¥82,842,042.65 in the previous period, indicating a significant increase[55]. - Net cash flow from financing activities was ¥146,437,725.71, a turnaround from a negative cash flow of ¥12,030,051.35 in the previous period[55]. - The net cash flow from investing activities decreased by 308.87%, totaling CNY -375,507,835.14, reflecting ongoing investments in new projects[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,874[11]. - The largest shareholder, Wu Yaojun, holds 30.10% of the shares, with 22,075,900 shares pledged[11]. Operational Highlights - The company's operating revenue reached CNY 1,179,320,849.71, representing a 30.00% increase compared to the previous period[15]. - Operating costs for the same period were ¥318,565,895.44, up 33.2% from ¥239,131,743.34 year-over-year[35]. - The company reported a significant increase in research and development expenses, totaling ¥5,534,955.62, compared to ¥9,170,038.42 in the previous year[35]. - The company's investment income for the current period was ¥660,667.28, compared to a loss of ¥37,446.25 in the previous period[39]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]. Regulatory and Compliance - The company faced an administrative penalty of CNY 150,000 due to environmental regulation violations, but it did not significantly impact operations[17]. - The company reported no significant non-recurring gains or losses that were reclassified as regular income[9].

Financial Performance - Total operating revenue for the first half of 2018 was RMB 796,333,940.19, representing a 22.81% increase compared to RMB 648,437,827.79 in the same period last year[19]. - Net profit attributable to shareholders was RMB 81,403,866.19, up 27.56% from RMB 63,815,451.74 year-on-year[19]. - Net cash flow from operating activities increased by 35.00% to RMB 13,574,976.64, compared to RMB 10,055,390.86 in the previous year[19]. - Basic earnings per share rose to RMB 1.11, reflecting a 27.59% increase from RMB 0.87 in the same period last year[19]. - Total assets at the end of the reporting period reached RMB 2,037,393,564.93, an 18.37% increase from RMB 1,721,254,589.49 at the end of the previous year[19]. - Net assets attributable to shareholders increased by 5.89% to RMB 1,067,564,278.50, compared to RMB 1,008,147,701.78 at the end of the last year[19]. - The weighted average return on net assets was 7.78%, up from 6.82% in the previous year[19]. - The company achieved operating revenue of 796.33 million yuan, an increase of 22.81% compared to the same period in 2017[38]. - Net profit reached 81.40 million yuan, reflecting a growth of 27.56% year-on-year[38]. Assets and Liabilities - Total assets of Jiangsu Zhongqi Technology Co., Ltd. reached approximately RMB 2.04 billion as of June 30, 2018, compared to RMB 1.72 billion at the beginning of the period, reflecting an increase of about 18.4%[141]. - The company's current assets totaled approximately RMB 1.12 billion, up from RMB 1.06 billion at the beginning of the period, indicating a growth of around 6.3%[142]. - Short-term borrowings increased significantly to approximately RMB 269.94 million from RMB 137.74 million, representing an increase of about 96%[142]. - The company's total liabilities reached RMB 734,778,272.37, a 47.5% increase from RMB 498,080,920.29 at the start of the year[148]. - The equity attributable to shareholders increased to RMB 1,105,751,304.40, up 6.7% from RMB 1,035,995,239.20 at the beginning of the year[148]. Cash Flow and Investments - The company reported an investment income of RMB 2,205,669.07, compared to a loss of RMB 128,858.08 in the previous year[151]. - The cash received from operating activities totaled RMB 685,607,918.64, compared to RMB 418,972,057.86 in the previous year, marking a substantial increase of 63.73%[159]. - The company reported a net cash flow from operating activities of RMB 21,781,003.45, a decrease of 18.5% compared to the previous period's RMB 26,852,054.26[163]. - The company raised RMB 228,944,272.15 through borrowings, compared to RMB 38,150,265.26 in the previous period, leading to a net cash flow from financing activities of RMB 132,237,554.77[163]. Research and Development - The company holds 33 patents and is recognized as a national high-tech enterprise, enhancing its technological advantage in the market[32]. - The company has developed over 600 pesticide active ingredients, indicating a diverse product portfolio[33]. - The company’s R&D investment amounted to RMB 13.61 million, a slight increase of 0.80% from the previous year[43]. - The company has utilized RMB 421.81 million of raised funds for the R&D center project, which is progressing smoothly and is expected to be completed by the end of 2018[39]. Market and Competition - The company's revenue is primarily driven by its ability to develop and select products in the agricultural chemical industry, capitalizing on the global shift of pesticide production to developing countries[28]. - The company's gross profit mainly comes from its pesticide business, providing a stable profit source despite increasing market competition[29]. - Domestic sales accounted for RMB 385.88 million, a significant increase of 66.42% year-on-year[45]. Risks and Challenges - The company faces risks including raw material supply and price fluctuations, exchange rate risks, and environmental protection risks[5]. - The company anticipates that the tightening supply and price fluctuations of raw materials will impact its operating costs and profit margins[29]. - Environmental protection and safety production risks are present due to the nature of the pesticide industry, which involves hazardous materials[80]. - Approximately 50% of the company's revenue comes from export business, exposing it to foreign exchange rate fluctuations[81]. Environmental Management - Jiangsu Zhongqi Technology Co., Ltd. reported a total COD discharge of 70.267 tons, with a concentration of 535.172 mg/l, well below the regulatory limit of 1000 mg/l[107]. - The company has established a wastewater treatment system that utilizes advanced biological treatment processes, enhancing the efficiency of nitrogen removal[110]. - Jiangsu Zhongqi has developed a comprehensive environmental management system, including emergency response plans for environmental incidents[112]. Shareholder Information - The total number of shares is 73,350,000, with 53.11% being limited shares and 46.89% being unrestricted shares[120]. - The largest shareholder, Wu Yaojun, holds 22,075,900 shares, representing 30.10% of the total shares, with 6,880,000 shares pledged[124]. - The company has not issued any new shares or conducted any share transfers during the reporting period[120]. Corporate Governance - The half-year financial report was not audited[87]. - The company did not implement any employee incentive plans during the reporting period[93]. - There were no major litigation or arbitration matters during the reporting period[90].

Financial Performance - Total revenue for Q1 2018 reached ¥415,131,216.93, an increase of 28.51% compared to ¥323,024,218.17 in the same period last year[9]. - Net profit attributable to shareholders decreased by 13.32% to ¥33,761,912.27 from ¥38,948,140.50 year-on-year[9]. - Basic earnings per share fell by 13.21% to ¥0.46 from ¥0.53 in the same period last year[9]. - The company achieved operating revenue of 415.13 million yuan, an increase of 28.51% compared to the same period last year[21]. - The net profit attributable to shareholders was 33.76 million yuan, a decrease of 13.32% year-on-year[21]. - The total operating revenue for the first quarter of 2018 was CNY 415,131,216.93, an increase of 28.6% compared to CNY 323,024,218.17 in the same period last year[48]. - The net profit for the first quarter was CNY 33,761,912.27, a decrease of 13.2% from CNY 38,948,140.50 in the previous year[49]. Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline, with a net outflow of ¥61,541,807.60, representing a 419.28% increase in cash outflow compared to ¥-11,851,332.07 in the previous year[9]. - The cash flow from investing activities showed a net outflow of 108.43 million yuan, a 477.75% increase due to ongoing new project investments[20]. - The company reported a cash inflow from operating activities of CNY 308,467,994.58, compared to CNY 199,531,170.31 in the previous year[57]. - The investment activities resulted in a net cash outflow of CNY -108,430,078.05, compared to CNY -18,767,693.35 in Q1 2017[58]. - The financing activities generated a net cash inflow of CNY 61,030,847.56, contrasting with a net outflow of CNY -54,997,445.98 in the same period last year[58]. - The ending balance of cash and cash equivalents decreased to ¥327,870,491.59 from ¥345,147,894.04 in the previous period[62]. Assets and Liabilities - Total assets increased by 10.50% to ¥1,902,068,078.77 from ¥1,721,254,589.49 at the end of the previous year[9]. - Accounts receivable increased by 48.20% to 297.53 million yuan due to increased sales activities[20]. - Inventory rose to RMB 220.88 million, compared to RMB 177.49 million, reflecting an increase of about 24.4%[40]. - The total liabilities increased to CNY 629,344,600.43, up 26.4% from CNY 498,080,920.29 at the start of the year[46]. - The company's short-term borrowings increased to RMB 201.20 million from RMB 137.74 million, which is an increase of about 46.0%[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,159[13]. - The largest shareholder, Wu Yaojun, holds 30.10% of the shares, with 22,075,900 shares pledged[13]. Risks and Challenges - Major risks identified include raw material supply and price volatility, exchange rate risks, and environmental protection risks[11]. - The company reported a significant reliance on raw materials, with costs constituting a large portion of operating expenses, impacting gross margins and profitability due to price fluctuations[25]. - Environmental protection and safety management measures are in place to address potential risks associated with the pesticide production process[25]. Investment and Capital Expenditure - Capital expenditures for new projects in Nanjing and Huai'an are expected to lead to increased depreciation and operational costs, potentially affecting profitability in the near term[26]. - The company has raised a total of 36,548.01 million CNY in funds, with 3,800.13 million CNY invested in the current quarter[31]. - Cumulative changes in the use of raised funds amount to 25,550.77 million CNY, with 69.91% of the funds already utilized[32]. - The R&D center project has seen 39.33% of its budget utilized, with 1,966.5 million CNY spent to date[32]. Dividend Information - The total cash dividend for the fiscal year 2017 is RMB 23.472 million, with a distribution of RMB 3.20 per 10 shares based on a total of 73.35 million shares[34].

Financial Performance - The company's operating revenue for 2017 was CNY 1,295,059,730.70, representing a 44.14% increase compared to CNY 898,466,527.89 in 2016[15] - The net profit attributable to shareholders for 2017 was CNY 117,325,262.97, a 52.06% increase from CNY 77,159,329.59 in the previous year[15] - The net cash flow from operating activities reached CNY 160,360,358.88, up 53.45% from CNY 104,503,258.13 in 2016[15] - Basic earnings per share for 2017 were CNY 1.60, an increase of 14.29% from CNY 1.40 in 2016[15] - Total assets at the end of 2017 amounted to CNY 1,721,254,589.49, a 19.71% increase from CNY 1,437,880,865.84 at the end of 2016[15] - The net assets attributable to shareholders were CNY 1,008,147,701.78, reflecting an 11.27% increase from CNY 906,051,702.22 in 2016[15] - The company reported a quarterly revenue of CNY 387,886,080.22 in Q4 2017, with a net profit of CNY 37,804,317.78 for the same period[17] - The company reported a non-operating income of 6,992,973.69 in 2017, a significant increase from 2,366,357.45 in 2016, reflecting a growth of approximately 195.5%[21] Dividend Distribution - The company plans to distribute a cash dividend of CNY 3.20 per 10 shares, totaling CNY 23,352,000[4] - The total distributable profit for the year was RMB 405,144,627.42, with a cash dividend distribution of RMB 23,472,000, representing a cash dividend of RMB 3.20 per 10 shares[86][87] - The cash dividend accounted for 100% of the total profit distribution, adhering to the policy of prioritizing cash dividends[86] - The company has a policy to distribute at least 20% of the annual distributable profit as cash dividends, which is maintained even during significant capital expenditure periods[82][86] - The board of directors proposed the cash dividend distribution after considering the company's growth potential and market conditions[87] Business Operations and Market Position - The company’s main business focuses on the research, production, and sales of new efficient and low-toxicity pesticides and intermediates[23] - The company’s gross profit mainly comes from its pesticide business, which provides a stable profit source[26] - The pesticide segment accounted for 98.93% of total revenue, with sales amounting to CNY 1,281,263,368.52, reflecting a 43.60% increase from the previous year[39] - Domestic sales contributed CNY 652,967,450.60, a 74.75% increase, while overseas sales were CNY 642,092,280.10, up 22.35%[39] - The company is positioned in a growth phase within the pesticide industry, benefiting from the transfer of production capacity from multinational companies to developing countries[25] Research and Development - The company holds 33 patents and is recognized as a national high-tech enterprise, indicating a strong technological advantage in the market[30] - The company has developed over 600 pesticide active ingredients, showcasing a diverse product portfolio and strong market presence[30] - Research and development investment amounted to ¥42,777,872.43, accounting for 3.30% of total revenue, an increase from 2.94% in the previous year[51] - The company has invested CNY 1,646,670 in its R&D center project, which is progressing well and expected to be completed by the end of 2018[37] Risks and Challenges - The company faced risks including raw material supply and price fluctuations, exchange rate risks, and environmental protection risks[4] - The company has experienced increased operational costs due to fluctuations in raw material prices, impacting its profitability[26] - The company expects to maintain a high proportion of export revenue, which poses risks related to exchange rate fluctuations affecting its financial performance[77] Environmental Management - The company has established a comprehensive environmental management system, including regulations for wastewater discharge and solid waste management[157] - The company reported that all pollutants discharged from its wastewater treatment met local standards, with a total COD discharge of 199.25 tons and ammonia nitrogen discharge of 10.35 tons[159] - The company has implemented advanced wastewater treatment technologies, including a high-efficiency catalytic oxidation process and a combination of hydrolysis-acidification, anoxic, and aerobic processes[159] - The company has not faced any environmental administrative penalties or major pollution incidents during the reporting period[161] Shareholder and Governance - The company has commitments from actual controllers and shareholders that have been fulfilled during the reporting period[90] - The company has a lock-up period of 36 months for shares held by certain stakeholders following the initial public offering[90] - The company has established a policy for the transfer of shares by directors and senior management, limiting annual transfers to 25% of their total holdings[91] - The profit distribution plan was approved by the shareholders' meeting, ensuring transparency and adherence to corporate governance standards[84] Future Outlook - The company provided a future outlook, projecting a revenue growth of 25% for 2018, driven by new product launches and market expansion strategies[97] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[95] - A strategic acquisition of a local competitor was completed, enhancing the company's market position and expected to contribute an additional 300 million RMB in revenue[96]

Financial Performance - Operating revenue for the reporting period was ¥258,735,822.69, representing a year-on-year increase of 35.52%[7] - Net profit attributable to shareholders was ¥15,705,493.45, up 5.13% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,799,512.01, an increase of 7.28% compared to the same period last year[7] - Basic earnings per share for the reporting period was ¥0.21, a decrease of 22.22% year-on-year[7] - The company reported a gross profit margin of approximately 18.5% for the quarter, compared to 20.0% in the previous year[34] - The net profit for the current period was ¥79,520,945.19, up 42.5% from ¥55,828,468.50 in the previous period[43] - Basic earnings per share increased to ¥1.08 from ¥1.02, reflecting a growth of 5.9%[43] - Operating profit for the current period was ¥98,309,555.87, representing a 47.7% increase compared to ¥66,539,461.50 in the previous period[42] - The total comprehensive income for the current period was ¥79,520,945.19, an increase of 42.5% from ¥55,828,468.50 in the previous period[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,492,554,229.58, an increase of 3.80% compared to the end of the previous year[7] - Total assets increased to ¥1,314,502,257.14 from ¥1,177,510,429.08, marking a growth of 11.6%[31] - The company's total liabilities rose to ¥323,521,404.47 from ¥265,603,810.69, an increase of 21.8%[31] - Current assets decreased to ¥723,013,148.01 from ¥772,148,415.95, a decline of 6.4%[29] - The cash and cash equivalents decreased significantly to ¥318,555,712.59 from ¥450,312,330.30, a drop of 29.2%[29] - The company’s total equity attributable to shareholders reached ¥990,980,852.67, up from ¥911,906,618.39, reflecting an increase of 8.7%[31] Cash Flow - Cash flow from operating activities for the year-to-date was ¥36,219,501.16, a decrease of 67.98% year-on-year[7] - Cash inflow from operating activities totaled CNY 676,607,276.84, up from CNY 517,945,450.02 in the previous period, representing a 30.6% increase[49] - Net cash flow from operating activities was CNY 36,219,501.16, a decrease of 68.1% compared to CNY 113,124,003.13 in the prior period[49] - Cash outflow for purchasing goods and services was CNY 512,115,589.86, compared to CNY 302,894,289.77 in the previous period, indicating a 69.0% increase[49] - Cash inflow from investment activities was CNY 1,473,837.97, up from CNY 809,687.45, marking an 82.0% increase[50] - Net cash flow from investment activities was -CNY 91,841,467.58, slightly worse than -CNY 90,448,710.84 in the previous period[50] - Cash inflow from financing activities was CNY 119,927,320.92, compared to CNY 120,366,886.86 in the prior period, a decrease of 0.4%[52] - Net cash flow from financing activities was -CNY 28,744,140.38, worsening from -CNY 3,405,055.93 in the previous period[50] - The ending balance of cash and cash equivalents was CNY 361,943,638.94, down from CNY 140,830,808.64 in the previous period[50] - The company received tax refunds totaling CNY 37,737,054.95, compared to CNY 20,268,167.23 in the previous period, reflecting a 86.3% increase[49] - The company reported a net increase in cash and cash equivalents of -CNY 86,109,586.96, compared to an increase of CNY 23,021,811.43 in the previous period[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,984[11] - The largest shareholder, Wu Yaojun, holds 30.10% of the shares, with 22,075,900 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Operational Metrics - Accounts receivable increased by 207.70% to ¥13,206,642.29 due to increased sales and corresponding collection of notes[15] - Prepayments surged by 1121.60% to ¥54,336,806.23 primarily due to increased advance payments for materials[15] - Revenue rose by 47.64% to ¥907,173,650.48, driven by growth in sales activities[15] - Operating costs increased by 48.27% to ¥715,977,839.11, reflecting the rise in sales[15] - Financial expenses skyrocketed by 945.34% to ¥15,009,702.74, mainly due to increased loan interest and exchange losses[15] - The total operating costs amounted to ¥811,264,362.59, which is a 47.9% increase from ¥547,901,601.84 in the previous period[40] - Financial expenses rose significantly to ¥15,009,702.74 from ¥1,435,861.64, indicating a substantial increase in financing costs[40] - The company experienced an increase in management expenses to ¥64,464,598.52 from ¥53,962,946.88, reflecting ongoing investments in operational management[40] - The company reported an investment loss of ¥166,304.33, compared to a loss of ¥16,219.78 in the previous period[45] - Other income for the current period was ¥2,566,572.31, showing a positive contribution to the overall financial performance[42] - The construction in progress increased by 181.52% to ¥85,493,188.72 due to ongoing project developments[15] - Other non-current assets rose by 229.58% to ¥35,249,990.00, mainly due to an increase in tax credits[15]