| 证券代码：300641 | 证券简称：正丹股份 | 公告编号：2023-037 | | --- | --- | --- | | 债券代码：123106 | 债券简称：正丹转债 | | 江苏正丹化学工业股份有限公司 第四届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、江苏正丹化学工业股份有限公司（以下简称"公司"）第四届董事会第十 五次会议于 2023 年 8 月 14 日以电子邮件等方式发出通知，并于 2023 年 8 月 24 日在公司会议室以现场结合通讯的方式召开。 2、审议通过了《2023 年半年度募集资金存放与使用情况专项报告》 2、本次会议应出席董事 9 名，实际出席董事 9 名（其中：任伟先生、曹沛 先生以通讯表决方式出席）。 3、本次会议由公司董事长曹正国先生主持，公司监事及高级管理人员列席 了会议。 4、本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公 司章程的规定。 二、董事会会议审议情况 1、审议通过了《2023 年半年度报告及其摘要》 具体内容详见公司同日在巨潮资 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥402,271,616.25, a decrease of 17.27% compared to ¥486,264,175.07 in the same period last year[5] - Net profit attributable to shareholders was ¥11,500,932.56, down 63.37% from ¥31,398,929.78 year-on-year[5] - Basic and diluted earnings per share were both ¥0.02, representing a decrease of 66.67% from ¥0.06 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 402,271,616.25, a decrease of 17.3% compared to CNY 486,264,175.07 in the same period last year[21] - Net profit for Q1 2023 was CNY 11,500,932.56, a decline of 63.4% compared to CNY 31,398,929.78 in Q1 2022[22] - Earnings per share for Q1 2023 were CNY 0.02, down from CNY 0.06 in the previous year[23] Cash Flow - The net cash flow from operating activities was ¥3,438,262.80, a significant decline of 96.06% compared to ¥87,175,224.54 in Q1 2022[5] - The company's operating cash flow for the current period is ¥3,438,262.80, a significant decrease of 96.06% compared to ¥87,175,224.54 in the previous period[24] - The cash inflow from sales of goods and services is ¥364,770,327.83, down from ¥421,523,706.78, representing a decrease of 13.49%[24] - The total cash outflow for operating activities is ¥383,967,943.26, an increase from ¥341,336,643.03, indicating a rise of 12.52%[24] - The company received tax refunds amounting to ¥16,774,255.62, which is an increase of 196.61% compared to ¥5,653,539.15 in the previous period[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,259,857,650.57, an increase of 1.81% from ¥2,219,768,521.22 at the end of the previous year[5] - Total liabilities increased to CNY 704,956,555.74 from CNY 676,552,679.93 year-on-year[19] - The company's total non-current assets were CNY 717,483,198.96, slightly down from CNY 727,187,982.13 in the previous period[19] - The total current assets amounted to RMB 1,542,374,451.61, compared to RMB 1,492,580,539.09 at the beginning of the year, showing an increase of about 3.3%[16] Research and Development - The company reported a 50.68% increase in R&D expenses, totaling ¥2,294,647.44, compared to ¥1,522,849.65 in Q1 2022[9] - Research and development expenses for Q1 2023 were CNY 2,294,613.37, up 50.6% from CNY 1,522,849.65 in Q1 2022[21] Investment Activities - Investment income decreased by 81.37% to ¥654,796.10 from ¥3,514,597.78 in the same period last year[9] - The company experienced a 215.50% increase in net cash flow from investing activities, amounting to ¥323,302,254.15, compared to -¥279,917,167.32 in Q1 2022[9] - Total cash inflow from investment activities is ¥384,450,192.94, up from ¥118,711,197.78, indicating a substantial increase of 223.73%[26] - The net cash flow from investment activities is ¥323,302,254.15, a recovery from a negative cash flow of -¥279,917,167.32 in the previous period[26] Future Outlook - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[14] - Future guidance and performance outlook will be provided in subsequent reports, focusing on growth and innovation initiatives[14]

Financial Performance - The company's operating revenue for 2022 was ¥1,924,373,830.56, representing a 9.38% increase compared to ¥1,759,400,378.36 in 2021[24]. - The net profit attributable to shareholders decreased by 46.56% to ¥55,834,983.73 in 2022 from ¥104,479,063.25 in 2021[24]. - The cash flow from operating activities net amount was ¥103,549,957.13, down 28.31% from ¥144,437,433.38 in the previous year[24]. - The basic earnings per share fell by 47.62% to ¥0.11 in 2022, compared to ¥0.21 in 2021[24]. - Total assets at the end of 2022 were ¥2,219,768,521.22, a decrease of 1.84% from ¥2,261,377,654.99 at the end of 2021[24]. - The company reported a quarterly revenue of ¥406,048,290.60 in Q4 2022, a decline from previous quarters[26]. - The net profit attributable to shareholders in Q4 2022 was a loss of ¥18,117,611.09, contrasting with profits in the earlier quarters[26]. - The company achieved total operating revenue of CNY 1,924,373,830.56 in 2022, representing a year-on-year increase of 9.38%[55]. - The net profit attributable to the parent company was CNY 5,583.50 million, a decrease of 46.56% compared to the previous year[55]. - The operating cost increased by 15.51% to CNY 1,805,538,651.70, primarily due to rising raw material prices and increased sales volume of high-boiling aromatic solvents[55]. Market and Product Development - The company reported a significant focus on the development of new environmentally friendly plasticizers, including TOTM and DOTP, which are key products in their portfolio[18]. - The company has identified new development opportunities in the fine chemical sector, particularly in high-end products and environmentally friendly materials[34]. - The company is focusing on the development of new materials and fine chemicals as part of its strategic growth initiatives[35]. - The company operates in the fine chemicals and environmental new materials industries, with key products including TMA, TOTM, DOTP, VT, and p-xylene[36]. - The demand for TOTM is expected to grow significantly due to increasing environmental awareness and the transition of the cable industry to international standards, with a focus on high-temperature applications[39]. - The market for DOTP is expanding as it offers superior performance compared to traditional DOP, with applications in PVC products that require durability and flexibility[39]. - VT is a high-performance eco-friendly material used in high-end insulation varnishes, with applications in wind power generators and high-voltage motors, indicating a growing market potential[40]. - The company aims to enhance its core competitiveness through innovation, focusing on differentiated, high-end, and specialized products in line with national policies on carbon neutrality[43]. - The demand for polyimides, derived from p-xylene, is expected to grow due to their applications in aerospace, electrical insulation, and other high-tech industries[42]. Risk Management - The company emphasizes the importance of managing risks related to macroeconomic fluctuations and raw material price volatility in its future operations[5]. - The company has a comprehensive risk management strategy in place to address production control risks and other operational challenges[5]. - The price of key raw materials, carbon nine and pseudocumene, significantly increased due to a surge in international crude oil prices, with carbon nine rising by 58.22% and pseudocumene by 11.98% compared to the previous reporting period[46]. - The company faces risks from raw material price volatility, as direct materials constitute a high proportion of the main business costs, with prices linked to crude oil fluctuations[109]. - The company emphasizes internal management and budget control to mitigate risks associated with raw material price changes and inventory management[109]. Research and Development - The company holds 40 authorized patents, including 20 invention patents and 20 utility model patents, reflecting its commitment to technological innovation[49]. - A new patented technology for the continuous production of phthalic anhydride was authorized in March 2022, enhancing yield and reducing emissions[50]. - The company has established a new subsidiary in Suzhou for research and development of new materials, aiming to strengthen its innovation capabilities[50]. - Research and development (R&D) investment amounted to CNY 65,206,561.68 in 2022, which is 3.39% of the operating revenue, up from 3.02% in 2021[75]. - The company is committed to maintaining its R&D capabilities and product quality to become a leading player in the fine chemicals sector[43]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, and enhancing information disclosure quality[114]. - The company held one shareholders' meeting during the reporting period, ensuring equal rights for all shareholders and facilitating their participation[115]. - The board of directors consists of 9 members, including 3 independent directors, and has held 6 meetings to ensure compliance and effective decision-making[117]. - The supervisory board, comprising 3 members, has conducted 4 meetings to oversee major transactions and ensure compliance with legal requirements[118]. - The company maintains independence from its controlling shareholders, with a complete and independent business system[121]. Environmental and Safety Management - The company strictly adheres to various environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China and the Air Pollution Prevention and Control Law[166]. - The company's pollutant discharge permit was successfully renewed on October 11, 2022, valid until October 10, 2027[167]. - The company has implemented pollution control facilities such as wastewater treatment plants and incinerators, which are designed and constructed simultaneously with the main projects[169]. - The company has established an emergency response plan for environmental incidents, which was approved by experts on March 4, 2022[170]. - The company conducted self-monitoring of environmental parameters, utilizing both manual and automatic monitoring techniques[171]. Employee and Shareholder Relations - The company distributed a cash dividend of 0.50 yuan per 10 shares, totaling 24,480,224.40 yuan, which accounted for 100% of the total profit distribution[156]. - The company has established a reasonable and standardized salary distribution system based on job responsibilities and performance[151]. - The employee stock ownership plan involved 49 employees holding a total of 3,474,060 shares, representing 0.71% of the company's total equity[157]. - The total expense recognized for equity-settled share-based payments during the reporting period amounted to RMB 5,483,514.21[159]. - The company has maintained effective internal controls, with no significant deficiencies identified in financial or non-financial reporting[163].

| 证券代码：300641 | 证券简称：正丹股份 | 公告编号：2023-031 | | --- | --- | --- | | 债券代码：123106 | 债券简称：正丹转债 | | 江苏正丹化学工业股份有限公司 关于举行 2022 年度网上业绩说明会的公告 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 江苏正丹化学工业股份有限公司董事会 江苏正丹化学工业股份有限公司（以下简称"公司"）2022 年年度报告及其 摘要已于 2023 年 4 月 26 日刊登于巨潮资讯网（www.cninfo.com.cn）。为便于投 资者进一步了解公司的经营情况和财务状况，公司定于 2023 年 4 月 28 日（星期 五）下午 15:00－17:00 在"正丹股份 IR"小程序举行 2022 年度网上业绩说明 会。本次说明会将采用网络远程的方式举行，投资者可通过登陆"正丹股份 IR" 小程序参与本次说明会。 2023 年 4 月 26 日 欢迎广大投资者积极参与。 出席本次说明会的有：公司董事长兼总经理曹正国先生、董事、副总经理兼 会秘书曹翠琼女士、财务负责 ...

Group 1: Company Overview - Jiangsu Zhengdan Chemical Industry Co., Ltd. is actively expanding its production capacity to meet market demand, with current utilization rates exceeding 100% for key products like TMA and TOTM [2][3]. - The company is committed to ongoing research and development, focusing on both horizontal and vertical expansions of its existing product lines [3][4]. Group 2: Industry Context - The chemical industry is cyclical, and Zhengdan is currently operating at a high capacity due to strong market demand [3]. - Fluctuations in crude oil prices have a certain impact on the costs of raw materials, particularly carbon nine aromatics, which are by-products of the petrochemical industry [4]. Group 3: Future Plans - The company views its listing as a dual opportunity: one wing represents capital market engagement, while the other focuses on product development and technological advancements [4]. - Zhengdan aims to leverage its capital platform to enhance its industry operations and create greater corporate value [4].

江苏正丹化学工业股份有限公司 2022 年第三季度报告 | 证券代码：300641 | 证券简称：正丹股份 | 公告编号：2022-047 | | --- | --- | --- | | 债券代码：123106 | 债券简称：正丹转债 | | 江苏正丹化学工业股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,027,290,495.44, representing a 26.04% increase compared to CNY 815,069,766.31 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 61,534,828.89, a slight decrease of 0.13% from CNY 61,616,682.25 in the previous year[18]. - The net cash flow from operating activities improved significantly to CNY 141,687,111.49, a 455.49% increase from a negative CNY 39,856,867.04 in the same period last year[18]. - Total assets at the end of the reporting period were CNY 2,311,368,085.72, up 2.21% from CNY 2,261,377,654.99 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 2.47% to CNY 1,542,005,977.70 from CNY 1,504,899,529.06[18]. - The basic earnings per share remained stable at CNY 0.13, unchanged from the previous year[18]. - The weighted average return on equity decreased to 4.01% from 4.43% in the previous year[18]. - The gross profit margin for phthalic anhydride was 15.20%, with a year-on-year decrease of 2.62%[57]. - The net profit after deducting non-recurring gains and losses was 57.19 million yuan, a 0.90% increase from the same period last year[158]. Market and Product Development - The company focuses on high-end environmentally friendly new materials, utilizing by-products from the refining process to develop products like trimellitic anhydride and other high-performance materials[28]. - Key products include trimellitic anhydride (TMA), which is widely used in high-end applications such as environmentally friendly plasticizers and advanced coatings[29]. - The company aims to replace traditional low-end materials with high-performance alternatives, promoting industry upgrades[28]. - The company is engaged in the research and development of new materials to enhance product quality and environmental performance for downstream consumers[28]. - The company continues to explore market expansion opportunities and enhance its product offerings in the specialty fine chemical sector[28]. - The global market for phthalic anhydride has been growing steadily due to increasing demand in downstream applications, with a notable shift of related industries towards China[33]. - The demand for TOTM, an eco-friendly plasticizer derived from phthalic anhydride, is expected to grow significantly as it replaces harmful phthalate plasticizers in various applications[34]. - The company’s main products include TMA, TOTM, DOTP, and high-end products like vinyl toluene, which are positioned well in the fine chemical and eco-friendly materials sectors[33]. Investment and Financial Management - The company has committed to invest in projects totaling 101,190 million CNY, with a cumulative investment of 75,148 million CNY as of the report date[71]. - The total investment during the reporting period was ¥674,922,002.17, a decrease of 2.90% compared to the same period last year[66]. - The company has established long-term cooperative relationships with major industry players, enhancing its brand image and market position[53]. - The company has developed a new oxygen oxidation production technology for phthalic anhydride, which has improved yield and reduced emissions, with a patent granted in March 2022[48]. - The company plans to continue increasing R&D investment to develop new technologies and products, aiming to strengthen its competitive position in the industry[48]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic fluctuations and raw material price volatility in its operations[3]. - The company faces macroeconomic fluctuation risks, as its main products are closely tied to industries like environmental plasticizers and high-end lubricants, which are sensitive to economic conditions[85]. - The company is exposed to raw material price volatility, with significant reliance on materials like carbon nine aromatic hydrocarbons and acetic acid, which are affected by crude oil price changes[86]. - The company has a high direct material cost proportion in its main business, which can compress profit margins during raw material price surges[86]. Corporate Governance and Compliance - The company has not reported any major changes in the measurement attributes of its main assets during the reporting period[64]. - The company has not encountered any violations in the use and management of raised funds, ensuring compliance with relevant laws and regulations[73]. - The company has implemented a stable profit distribution policy to ensure reasonable returns for shareholders[101]. - The company has established 82 safety management systems and 30 safety operation procedures to prevent major safety accidents[102]. - The company has obtained the pollution discharge permit, valid from December 11, 2019, to December 10, 2022[99]. Employee and Social Responsibility - The employee stock ownership plan includes 49 employees holding a total of 3,474,060 shares, representing 0.71% of the company's total equity[94]. - The company emphasizes employee rights protection and provides competitive compensation and benefits[101]. - The company actively participates in social welfare activities, including poverty alleviation and educational support[102]. Shareholder Information - The company has not reported any significant mergers or acquisitions during the reporting period[135]. - The major shareholders include He Xing Enterprise Limited with 26.25% and Hua Xing Investment (Zhenjiang) Co., Ltd. with 25.32% of shares[137]. - The total number of shareholders holding more than 5% of ordinary shares is 23,352[136]. - The company’s convertible bonds are set to mature on March 23, 2027, with a conversion period established from September 30, 2021[134].

Financial Performance - The company's revenue for Q1 2022 was ¥486,264,175.07, representing a 23.97% increase compared to ¥392,250,011.45 in the same period last year[4] - Net profit attributable to shareholders decreased by 9.03% to ¥31,398,929.78 from ¥34,516,583.62 year-on-year[4] - The company's basic earnings per share fell by 14.29% to ¥0.06 from ¥0.07 in the same period last year[4] - Net profit for Q1 2022 was CNY 31,398,929.78, a decrease of 9.2% from CNY 34,516,583.62 in Q1 2021[22] - Earnings per share for Q1 2022 were CNY 0.06, down from CNY 0.07 in Q1 2021[23] - The company reported a total comprehensive income of CNY 31,398,929.78 for Q1 2022, down from CNY 34,516,583.62 in the previous year[23] Cash Flow - The net cash flow from operating activities surged by 4,549.59% to ¥87,175,224.54, compared to a negative cash flow of -¥1,959,173.11 in the previous year[4] - Cash inflow from operating activities was CNY 428,511,867.57, compared to CNY 480,111,494.24 in the previous year, reflecting a decrease of 10.8%[25] - The company experienced a net decrease in cash and cash equivalents of 299,865,040.99 CNY during the quarter[26] - The cash outflow from operating activities totaled 341,336,643.03 CNY, compared to 482,070,667.35 CNY in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,241,743,353.18, a decrease of 0.87% from ¥2,261,377,654.99 at the end of the previous year[4] - Total current assets amount to 1,518,115,674.43 CNY, down from 1,538,794,398.87 CNY at the beginning of the year, reflecting a decrease of about 1.8%[17] - Total liabilities decreased to CNY 705,420,526.67 from CNY 756,478,125.93 year-over-year, a reduction of 6.7%[19] - Total equity attributable to shareholders increased to CNY 1,536,322,826.51, up from CNY 1,504,899,529.06, representing a growth of 2.1%[19] Operating Costs and Expenses - The company's main business cost increased by 28.55% to ¥423,336,435.30, primarily due to higher sales volume and rising raw material costs influenced by oil price fluctuations[9] - Total operating costs for Q1 2022 were CNY 452,697,361.57, up 27.5% from CNY 355,337,782.01 in the same period last year[20] - Research and development expenses for Q1 2022 were CNY 11,622,117.23, a decrease of 10.8% compared to CNY 13,023,470.86 in Q1 2021[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,952[11] - The largest shareholder, He Xing Enterprise Co., Ltd., holds 26.25% of shares, totaling 128,520,000 shares[11] Investment Activities - Investment income rose by 104.29% to ¥3,514,597.78, attributed to increased returns from financial investments[9] - Total cash inflow from investment activities was 118,711,197.78 CNY, down from 171,720,429.57 CNY year-over-year[26] - The net cash flow from investment activities was -279,917,167.32 CNY, a significant decrease from 3,346,996.36 CNY in the previous year[26] Financing Activities - Cash inflow from financing activities totaled 41,589,450.00 CNY, compared to 363,749,188.95 CNY in the same period last year[26] - The net cash flow from financing activities was -106,047,681.11 CNY, contrasting with a positive flow of 227,139,967.97 CNY in the previous year[26] Other Information - The company has a total of 3,199,724 convertible bonds remaining, with an unconverted amount of 319,972,400.00 CNY, indicating a conversion rate of only 0.0086%[14] - The company paid interest on its convertible bonds at a rate of 0.4%, amounting to 4.00 CNY per 1,000 CNY bond[13] - The company did not undergo an audit for the first quarter report[27] - The report was issued by the board of directors of Jiangsu Zhengdan Chemical Industry Co., Ltd.[28]

Financial Performance - The company's operating revenue for 2021 was ¥1,759,400,378.36, representing a 33.52% increase compared to ¥1,317,714,533.11 in 2020[5]. - The net profit attributable to shareholders for 2021 was ¥104,479,063.25, a significant increase of 142.99% from ¥42,997,646.18 in 2020[5]. - The net profit after deducting non-recurring gains and losses was ¥92,658,309.41, reflecting a 176.38% increase from ¥33,525,709.10 in 2020[5]. - The net cash flow from operating activities reached ¥144,437,433.38, up 64.23% from ¥87,950,704.08 in 2020[5]. - The total assets at the end of 2021 were ¥2,261,377,654.99, a 34.93% increase from ¥1,675,960,066.15 at the end of 2020[5]. - The net assets attributable to shareholders increased by 10.74% to ¥1,504,899,529.06 at the end of 2021 from ¥1,358,917,068.84 at the end of 2020[5]. - The company achieved total revenue of ¥1,759,400,378.36, an increase of 33.52% compared to ¥1,317,714,533.11 in the previous year, primarily due to rising product sales prices[59]. - Net profit rose to ¥104,479,063.25, a significant increase of 142.99% from ¥42,997,646.18 in the previous year, driven by increased operating profit[59]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares (including tax) to all shareholders[5]. - The company implemented a stable profit distribution policy, with a cash dividend of CNY 0.50 per 10 shares, totaling CNY 24,480,183.55, which represents 100% of the distributable profit[169]. - The company has not proposed any cash dividend distribution plan for the reporting period despite positive profits available for distribution[170]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining consistency with its articles of association[169]. Research and Development - The company aims to enhance its core competitiveness through innovation and focus on the development of high-tech fine chemical products and green organic chemicals[29]. - The company plans to continue expanding its research and development efforts, focusing on new technologies and products, while optimizing existing processes for energy conservation and emission reduction[53]. - The company has a strong focus on research and development, aiming to innovate and expand its product offerings in the chemical sector[145]. - The company has allocated 100 million RMB for research and development in new technologies for sustainable production methods[199]. - The company is committed to talent acquisition and development to support its rapid growth and operational expansion[115]. Market Position and Strategy - The company aims to leverage its advantages in technology, market, management, and brand in the fine chemical industry to capture market opportunities[30]. - The company has established a leading market position in the production of products such as trimellitic anhydride (TMA) and tri-octyl trimellitate (TOTM), leveraging core technologies and production processes[32]. - The company is currently in the industrial application stage for its main products, indicating ongoing development and market readiness[48]. - The company aims to leverage its advantages in technology, market, and management to enhance its core competitiveness in the fine chemical industry[113]. - The company plans to optimize its product structure by extending the carbon nine aromatic hydrocarbon utilization chain and advancing the nitrogen production project with an annual output of 48,000 tons of liquid nitrogen and 40 million Nm3 of high-purity nitrogen gas[115]. Risks and Challenges - The company reported significant risks related to macroeconomic fluctuations, raw material price volatility, and production control measures[5]. - The company acknowledges risks related to macroeconomic fluctuations, which could impact the demand for its main products, and plans to adjust its operational policies accordingly[117]. - The company faces risks from raw material price fluctuations, as the cost of key materials is significantly affected by oil prices, which could compress profit margins[118]. - The company emphasizes the importance of production management to mitigate risks associated with high-tech processes and hazardous materials, ensuring safety and environmental compliance[118]. Environmental and Social Responsibility - The company has implemented environmental protection measures, including a wastewater treatment station and incineration facilities, which are operating normally[183]. - The company has obtained environmental impact assessment approvals for all construction projects and passed environmental protection acceptance[183]. - The company emphasizes its commitment to creating value for shareholders, employees, customers, and society while fulfilling social responsibilities[184]. - The company actively participates in social welfare activities, including poverty alleviation and educational support[185]. - The company has established an emergency response system to effectively manage potential accidents and protect employee safety[188]. Governance and Management - The company maintains independence from its controlling shareholders in business, assets, personnel, and finance, with no unfair related transactions reported[129]. - The company has a complete and independent internal management structure, separate from its controlling shareholders[132]. - The company has established a robust governance structure with independent directors contributing to strategic oversight and decision-making[144]. - The company has a diverse board of directors and management team, with terms ending in 2024 for key members[136]. - The company has a structured salary distribution system that considers employee performance and responsibilities, aiming to motivate staff effectively[165]. Production and Operations - The production capacity utilization rates for key products were 74.72% for Phthalic Anhydride and 46.32% for Plasticizers, indicating room for improvement in production efficiency[49]. - The company has a comprehensive procurement strategy, ensuring a stable supply of raw materials through long-term agreements and centralized negotiations[43]. - All products are produced in-house, with no outsourcing, ensuring quality control and adherence to production standards[43]. - The company has improved its cost control capabilities by extending its industrial chain upstream, enhancing its bargaining power with suppliers[54]. - The company has established stable long-term relationships with high-quality customers and suppliers, enhancing its supply chain advantages[32]. Future Outlook - The company plans to expand its market presence and enhance product development strategies in the upcoming fiscal year[138]. - Future guidance indicates a revenue growth target of 12% for 2022, with a focus on increasing operational efficiency[194]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[195]. - The company aims to improve its gross margin from 30% to 35% by optimizing its supply chain and production processes[197]. - The company plans to initiate a buyback program for all newly issued shares if significant legal violations are confirmed, with the repurchase price not lower than the average stock price over the previous 20 trading days prior to the violation recognition[200].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 426,365,054.95, representing a 17.30% increase year-over-year, and a total of CNY 1,241,434,821.26 for the year-to-date, up 33.57% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was CNY 19,509,902.51, a 10.42% increase year-over-year, with a year-to-date net profit of CNY 81,126,584.76, showing a significant increase of 220.44%[4] - The company reported a basic earnings per share of CNY 0.0401 for Q3 2021, which is an increase of 11.17%, and CNY 0.1669 for the year-to-date, reflecting a 222.82% increase[4] - Operating profit for the third quarter of 2021 was ¥95,285,016.40, up from ¥31,663,367.39 in the previous year, representing a growth of 201.5%[28] - Net profit for the third quarter of 2021 was ¥81,126,584.76, compared to ¥25,317,128.87 in the same quarter of 2020, marking an increase of 220.5%[28] - The total comprehensive income for the period was ¥81,126,584.76, compared to ¥25,317,128.87 in the previous period, representing a significant increase[29] - Basic and diluted earnings per share for the period were both ¥0.1669, up from ¥0.0517 in the previous period, indicating improved profitability[29] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 2,198,527,291.36, marking a 31.18% increase from the end of the previous year[4] - Total assets as of September 30, 2021, amounted to ¥2,198,527,291.36, a significant rise from ¥1,675,960,066.15 at the end of 2020[25] - Current assets increased to ¥1,511,869,304.81 from ¥1,006,387,024.18, reflecting a growth of 50.2%[24] - Total liabilities reached ¥683,127,863.12, compared to ¥317,042,997.31 in the previous year, indicating a rise of 115.5%[25] - The company’s total equity increased to ¥1,515,399,428.24 from ¥1,358,917,068.84, representing a growth of 11.5%[25] Cash Flow - The company experienced a 287.75% decrease in net cash flow from operating activities, amounting to -CNY 109,105,090.60 for the year-to-date, primarily due to increased cash payments for raw material purchases[10] - Cash inflows from operating activities totaled ¥1,457,917,413.84, compared to ¥1,041,698,173.96 in the previous period, reflecting a growth of approximately 40%[32] - The net cash flow from operating activities was -¥109,105,090.60, a decline from ¥58,112,406.53 in the previous period, indicating operational challenges[32] - Cash inflows from investment activities were ¥624,727,745.51, up from ¥528,834,060.18 in the previous period, showing an increase of about 18%[32] - The net cash flow from investment activities was -¥444,095,555.96, worsening from -¥99,349,833.73 in the previous period, highlighting increased investment outflows[32] - Cash inflows from financing activities amounted to ¥854,841,781.31, significantly higher than ¥137,602,100.00 in the previous period, indicating stronger financing efforts[33] - The net cash flow from financing activities was ¥424,578,667.31, compared to -¥107,847,264.43 in the previous period, reflecting a positive turnaround[33] - The ending balance of cash and cash equivalents was ¥240,719,855.69, an increase from ¥164,261,671.61 in the previous period, indicating improved liquidity[33] Research and Development - Research and development expenses for the year-to-date were CNY 41,343,785.69, a 68.15% increase compared to the same period last year, indicating a focus on innovation despite previous pandemic-related delays[10] - Research and development expenses for the third quarter of 2021 were ¥41,343,785.69, up from ¥24,587,451.12 in the same period last year, an increase of 68.0%[28] Shareholder Changes - As of September 30, 2021, the company completed the transfer of 3,474,060 shares under the first employee stock ownership plan, accounting for 0.7096% of the total share capital[16] - The company’s controlling shareholder, Huaxing Investment, transferred 9,792,000 shares (2.00% of total share capital) to YW6 Private Fund, changing the controlling shareholder to Hexing Company[18] - The company issued 3.2 million convertible bonds with a total amount of 32 million yuan, which began trading on April 20, 2021[19] - As of September 30, 2021, 3,199,950 convertible bonds remained unconverted, representing 99.9984% of the total issued bonds[20] - The company reported a decrease of 50 convertible bonds due to conversion, with a total conversion amount of 5,000 yuan and 665 shares converted in Q3 2021[20] - The company’s major shareholders include Huaxing Investment with 133,773,800 shares and Hexing Company with 128,520,000 shares[1] - The company’s stock ownership structure indicates that major shareholders are controlled by Cao Zhengguo and Shen Xingxiu[1] - The company’s first employee stock ownership plan was approved on July 9, 2021, and completed by September 23, 2021[16] - The company has not disclosed any significant changes in the relationship among other shareholders or whether they are acting in concert[1] Other Information - The company reported a significant increase in other income, with government subsidies amounting to CNY 2,529,490.32, a 166.71% increase compared to the previous year[10] - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[34]