Financial Performance - The main business revenue of Jiangsu Jinji Industrial Co., Ltd. decreased year-on-year due to stable demand in the downstream dyeing industry and locked sales prices at the beginning of the reporting period[3]. - The net profit significantly declined year-on-year due to increased main business costs caused by rising raw material prices amid the impact of the Russia-Ukraine conflict and other unexpected events[3]. - The company's operating revenue for 2022 was ¥900,383,709.56, a decrease of 9.37% compared to ¥993,470,872.82 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥7,578,279.76, representing an 85.55% decline from ¥52,438,791.03 in 2021[23]. - The cash flow from operating activities showed a net outflow of ¥10,447,871.87 in 2022, a significant decrease of 122.42% compared to a net inflow of ¥46,595,755.76 in 2021[23]. - Basic earnings per share dropped to ¥0.0181 in 2022, down 86.08% from ¥0.13 in 2021[23]. - The total profit amounted to 989.55 million yuan, down 84.05% year-on-year[38]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to ¥5,206,384.48 in 2022, down 90.06% from ¥52,378,148.04 in 2021[23]. - The company achieved operating revenue of 90,038.37 million yuan, a year-on-year decrease of 9.37%[38]. - The total cash dividend amount is RMB 8,355,013.32, which accounts for 100% of the total profit distribution[170]. Risks and Challenges - The company faces various risks, including macroeconomic risks, industry policy changes, and raw material price risks, which may impact future operations[5]. - The company emphasizes the importance of risk awareness regarding future operational plans and performance forecasts, indicating that these do not constitute substantial commitments to investors[3]. - The company reported a net profit of -¥11,294,718.79 in Q4 2022, contrasting with positive profits in the first three quarters[25]. - Financial risks have increased due to the need for substantial cash flow to service convertible bonds and ongoing project investments[122]. - The company faces risks from macroeconomic fluctuations and plans to adjust strategies accordingly to mitigate impacts[116]. - The company is also addressing safety production risks due to the nature of its raw materials and production processes, implementing measures to enhance operational safety[117]. Research and Development - The company developed 4 new products, including Reactive Red QD and Reactive Orange FCW, with production processes meeting design quality requirements[42]. - R&D expenses for the year were 3,239.22 million yuan, accounting for 3.60% of the company's operating revenue[42]. - The company is advancing several R&D projects, including the CRG active dye, which aims to improve dye strength and reduce wastewater discharge[82]. - The active yellow HF-3RX project has completed pilot testing and is moving to mass production, targeting improved dye yield and reduced wastewater[85]. - The company is committed to establishing a national-level R&D center to enhance product performance and optimize production processes[114]. Environmental Management - The company has invested in environmental protection facilities and monitoring systems to effectively manage waste and comply with national environmental policies[120]. - The company has a wastewater treatment system with a capacity of 800 tons/day, utilizing advanced treatment processes, achieving over 95% efficiency in pollutant removal[182]. - The company has received administrative penalties totaling CNY 200,000 for exceeding emissions standards, but these incidents did not significantly impact operations[180]. - The company has implemented a new wastewater treatment agent, BWG, to enhance biochemical treatment effectiveness, resulting in all wastewater meeting discharge standards during the reporting period[182]. - The company has adhered to the "Three Simultaneities" principle in its construction projects, ensuring pollution control measures are integrated into project design and execution[183]. Governance and Management - The governance structure is compliant with legal requirements, ensuring independent operation from major shareholders[126]. - The company maintains a clear separation of assets and operations from its controlling shareholders, ensuring independence in financial and operational matters[127]. - The management team remains consistent, with key executives serving until at least 2025[132]. - The board of directors underwent significant changes, with 8 members leaving and 9 new members appointed on May 5, 2022, marking a complete renewal of the board[135]. - The company has appointed 3 independent directors in the new board, ensuring compliance with governance standards[136]. Market and Sales Strategy - The company plans to enhance brand building and product image to improve competitiveness[40]. - The company aims to increase R&D efforts and accelerate project construction to optimize its industrial layout[40]. - The company plans to expand its marketing network and strengthen its international presence, targeting major customer locations for sales network development[114]. - The company is in the trial production phase for disperse dyes, which have a higher annual market demand than reactive dyes[113]. - The company aims to leverage its existing resources to achieve the projected revenue growth by 2025, focusing on strategic investments and market expansion[134]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 684, with 430 in production, 30 in sales, 73 in technical roles, 10 in finance, and 141 in administration[163]. - The company conducted 10 training sessions focused on 6S, TPM, quality management, and employee capability enhancement, with 722 participants[167]. - The company has engaged external experts for ongoing safety and environmental training, conducting 8 sessions with 402 participants[167]. - The company’s training plan includes targeted programs for new employees, management skills, and emergency response training[165]. - The company has a structured decision-making process for determining the remuneration of its board members[152]. Investment and Financial Management - The company raised a total of RMB 231,043,400 from the public offering of 41.78 million shares at an issue price of RMB 5.53 per share, with a net amount of RMB 184,854,700 after deducting various fees[98]. - The company reported a net interest income of RMB 1,591,380 from the raised funds during the reporting period[99]. - The total amount of unused raised funds was RMB 34,783,300, which is allocated for cash management[101]. - The company has not reported any significant mergers or acquisitions during the reporting period[130]. - The company has not made any significant equity sales during the reporting period[108].

江苏锦鸡实业股份有限公司 2023 年第一季度报告 | 证券代码：300798 | 证券简称：锦鸡股份 | 公告编号：2023-030 | | --- | --- | --- | | 债券代码：123129 | 债券简称：锦鸡转债 | | 江苏锦鸡实业股份有限公司 2023 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 否 1 江苏锦鸡实业股份有限公司 2023 年第一季度报告 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 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | （%） | ...

| 证券代码：300798 | 证券简称：锦鸡股份 公告编号：2023-032 | | --- | --- | | 债券代码：123129 | 债券简称：锦鸡转债 | 江苏锦鸡实业股份有限公司 关于举行 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 会议召开时间：2023 年 04 月 28 日（星期五）15:00-17:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集： 投资者可于 2023 年 04 月 27 日 前 访 问 网 址 https://eseb.cn/13G1UCRYlXO 或使用微信扫描下方小程序码进行会前 提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普 遍关注的问题进行回答。 一、说明会召开的时间、地点和方式 会议召开时间：2023 年 04 月 28 日（星期五）15:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 董事长兼总经理赵卫国先生 ...

江苏锦鸡实业股份有限公司 2022年第三季度报告 证券代码:300798 债券代码:123129 证券简称:锦鸡股份 债券简称:锦鸡转债 公告编号:2022-083 江苏锦鸡实业股份有限公司 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 口是 ☑否 1 江苏锦鸡实业股份有限公司 2022年第三季度报告 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 口是 ☑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 | | --- | --- | --- | --- | --- | | | | 増減 | | 年同期增减 | | 营业收入(元) | 21 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 501,941,867.20, a slight increase of 0.79% compared to CNY 498,003,798.85 in the same period last year [23]. - Net profit attributable to shareholders decreased by 62.61% to CNY 13,764,717.47 from CNY 36,815,605.05 year-on-year [23]. - The net profit after deducting non-recurring gains and losses fell by 69.92% to CNY 12,150,969.88 compared to CNY 40,389,524.19 in the previous year [23]. - The company's total assets increased by 3.26% to CNY 2,207,421,470.94 from CNY 2,137,707,738.17 at the end of the previous year [23]. - The company reported a significant improvement in net cash flow from operating activities, which was -CNY 336,452.28, a 98.75% increase from -CNY 26,950,860.21 in the previous year [23]. - The operating cost increased by 10.58% year-on-year to approximately ¥448.92 million, primarily due to rising raw material prices [59]. - Research and development investment rose by 29.12% to approximately ¥17.79 million, reflecting increased focus on new product development [59]. Risk Management - The company faces various risks including macroeconomic risks, industry policy changes, and raw material price fluctuations [4]. - The company emphasizes the importance of risk management strategies in its operations [4]. - The company faces risks from macroeconomic fluctuations, particularly in the dye industry, which is closely tied to the textile and apparel sectors, and plans to adjust strategies accordingly [90]. - The company has established long-term partnerships with key raw material suppliers to ensure sufficient supply amidst price volatility and market fluctuations [94]. Environmental Compliance - The company reported an administrative penalty of RMB 100,000 for exceeding the emission standards of hydrochloric acid during the production process, which did not have a significant impact on operations [108]. - The company took immediate corrective actions after the environmental issues were identified, including equipment repairs and third-party emissions testing, ensuring compliance with emission standards [108]. - The company has implemented a strict environmental monitoring system to manage waste effectively and comply with environmental standards [93]. - The company has committed to continuous improvement in environmental performance through enhanced operational practices and compliance measures [109]. - The company has established a comprehensive environmental management strategy to address and mitigate pollution risks [109]. Corporate Governance - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves [5]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period [105]. - The company will comply with relevant regulations regarding share transfer restrictions as stipulated by the China Securities Regulatory Commission [136]. - The company has outlined specific conditions under which the issue price will be adjusted in case of stock dividends or other corporate actions [138]. Strategic Initiatives - The company is constructing a 15,000-ton environmentally friendly high-end disperse dye project, which will enhance its product range and industry layout [34]. - The company is focusing on enhancing product value and adjusting its product structure in response to increasing market competition and environmental regulations [31]. - The company plans to change the fundraising project from "annual production of 30,000 tons of high-end active dyes" to "fine chemical products project," with a new production capacity of 39,600 tons for H acid, 1.5 acid, and other fine chemical products, and 368,500 tons for sulfuric acid and acetic acid [80]. - The company aims to build a national-level R&D center to enhance production technology and adapt to changing industrial policies [92]. Community Engagement - The company purchased rural revitalization packages worth CNY 207,110.00 to support poverty alleviation efforts in Xunyi County, Shaanxi Province [129]. - The company actively engages in community support initiatives, aligning with government goals for rural revitalization and poverty alleviation [129]. Shareholder Relations - The company emphasizes shareholder rights protection and has improved communication channels for investor inquiries, ensuring transparency in information disclosure [123]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering [135]. - The lock-up period for shares held by the company’s major shareholders will automatically extend by 6 months if the stock price falls below the issue price during the first 6 months post-IPO [138].

江苏锦鸡实业股份有限公司 2022 年第一季度报告全文 债券代码：123129 债券简称：锦鸡转债 证券代码：300798 证券简称：锦鸡股份 公告编号：2022-027 江苏锦鸡实业股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 250,279,811.87 | 251,234,069.95 | -0.38% | | 归属于上市公司股东的净利润（元） | 8 ...

Financial Performance - The company reported a total revenue of RMB 417,748,945 for the year 2021, with a cash dividend of RMB 0.30 per 10 shares to all shareholders[5]. - The company's operating revenue for 2021 was CNY 993,470,872.82, representing a 31.83% increase compared to CNY 753,586,711.44 in 2020[19]. - Net profit attributable to shareholders for 2021 was CNY 52,438,791.03, a significant increase of 129.07% from CNY 22,892,203.04 in 2020[19]. - The total assets at the end of 2021 reached CNY 2,137,707,738.17, a 39.85% increase from CNY 1,528,625,972.38 at the end of 2020[19]. - The company's basic earnings per share for 2021 was CNY 0.13, reflecting a 160.00% increase from CNY 0.05 in 2020[19]. - The weighted average return on equity for 2021 was 4.18%, an increase of 2.29 percentage points from 1.89% in 2020[19]. - The total profit reached 62.05 million yuan, reflecting a significant year-on-year growth of 126.12%[33]. - The company achieved an operating income of 993.47 million yuan, a year-on-year increase of 31.83%[33]. - The company reported a total of CNY 60,642.99 in non-recurring gains for 2021, compared to CNY 6,270,991.30 in 2020[24]. Risks and Challenges - The company faces various risks including macroeconomic risks, safety production risks, and raw material price risks, which could impact future performance[5]. - The company is facing challenges from fluctuating procurement prices of dye intermediates, which introduce uncertainty in operating costs[33]. - The textile industry in China is facing challenges from rising labor costs and environmental constraints, leading to a shift of low-end production capacity to countries like Vietnam and India[51]. - The dyeing and printing industry faces challenges such as weak global economic recovery and increased environmental pressures, necessitating accelerated transformation[53]. - The company acknowledges risks from macroeconomic fluctuations and international trade tensions, particularly due to geopolitical factors[134]. - Future market expansion may be hindered if the company fails to meet technological and policy requirements, potentially leading to underutilization of new production capacity[138]. - The ongoing COVID-19 pandemic continues to pose uncertainties that could adversely affect the company's profitability and project outcomes[140]. Research and Development - The company developed three new products, including Reactive Yellow Brown NA and Reactive Blue CE, which have been successfully launched in the market[36]. - R&D expenses amounted to 33.18 million yuan, representing 3.34% of the company's operating income, maintaining a stable investment ratio[36]. - The company plans to enhance its R&D capabilities and develop high-end multi-purpose reactive dyes, focusing on five high and one low characteristics[132]. - The company is increasing its investment in disperse dyes, which have a higher annual market demand compared to reactive dyes[132]. - The company is focusing on developing dye intermediates to enhance the quality and stability of raw material supply, thereby reducing costs[132]. - The company has established partnerships with universities for R&D, enhancing its capabilities in new materials and processes[66]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the dye industry[12]. - The company aims to have 95% of dye enterprises located in industrial parks by 2025, promoting group development through mergers and acquisitions of 40% of enterprises[31]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[162]. - The company plans to continue expanding its market presence through strategic acquisitions and investments in new technologies[112]. - The company is actively exploring energy-saving and emission-reduction technologies to minimize environmental pollution during dye production[137]. Corporate Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured compliance with relevant regulations[4]. - The company has established an independent financial accounting department and a financial management system, ensuring independent financial decision-making[146]. - The governance structure includes a shareholders' meeting, board of directors, and supervisory board, allowing for lawful exercise of management rights[146]. - The company has maintained effective internal control over financial reporting, with no significant deficiencies reported during the period[197]. - The company has adhered to a cash dividend policy that requires a minimum of 40% of profit distribution to be in cash, reflecting a commitment to shareholder returns[194]. Environmental and Safety Management - The company completed significant energy-saving modifications to its production facilities, contributing to reduced energy consumption and controlled carbon emissions[37]. - The company is focused on continuous investment in safety and environmental protection, with rising costs in these areas[33]. - The company has established effective safety production systems and has implemented a series of safety regulations to prevent accidents, although risks remain due to management and operational factors[136]. - The company has invested in environmental protection facilities and continuously increases investment in environmental governance to comply with stricter national policies, which may impact profitability[137]. Financial Management and Fundraising - The company raised a total of RMB 60,000 million through the issuance of 6,000,000 convertible bonds, with a net amount of RMB 57,523.92 million after deducting issuance costs[118]. - The total amount of funds raised in the public offering of A-shares was RMB 23,104.34 million, with a net amount of RMB 18,485.47 million after deducting various fees[117]. - The company has not encountered any significant issues in the use and disclosure of raised funds during the reporting period[119]. - The company plans to issue convertible bonds to raise funds for investment projects, with specific proposals discussed in board meetings[170]. Employee Management and Training - The company had a total of 683 employees at the end of the reporting period, with 432 in production, 29 in sales, 71 in technical roles, 10 in finance, and 141 in administration[179]. - The company conducted a comprehensive employee training program covering various topics including safety education and skills enhancement[181]. - A total of 402 individuals were trained in safety and environmental management through 8 sessions with external experts[182]. - The company organized 11 training sessions for sales personnel to enhance their skills and performance management[182]. Shareholder Returns - The company maintains a stable cash dividend policy, prioritizing cash dividends for profit distribution[184]. - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares (including tax), with a total cash dividend amounting to 12,532,495.35 CNY, which represents 100% of the total profit distribution[192]. - The total distributable profit for the year is reported at 84,901,837.35 CNY, indicating a strong profit position[192].

Financial Performance - The company's revenue for Q3 2021 was CNY 218,244,726.57, representing a 4.76% increase compared to the same period last year, and a total revenue of CNY 716,248,525.42 for the year-to-date, which is a 35.92% increase year-on-year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 10,983,186.94, a significant increase of 797.96% year-on-year, with a year-to-date net profit of CNY 47,798,791.99, reflecting a 1,033.26% increase[3]. - The total operating revenue for the third quarter of 2021 was CNY 716,248,525.42, an increase of 36% compared to CNY 526,948,881.20 in the same period last year[23]. - Net profit for the third quarter reached CNY 47,757,930.52, significantly higher than CNY 3,304,884.42 in the previous year, marking an increase of over 1,300%[25]. - The company reported a basic earnings per share of CNY 0.0263 for Q3 2021, up 806.60% year-on-year, and CNY 0.1144 for the year-to-date, an increase of 1,032.67%[3]. - The company's weighted average return on equity was 0.87% for the reporting period, an increase of 0.77% from the previous year-end[3]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,515,781,617.56, showing a slight decrease of 0.84% from the previous year-end[3]. - The company's total liabilities decreased to CNY 266,071,299.75 from CNY 304,355,814.29, indicating a reduction of approximately 12.6%[22]. - The company’s total liabilities decreased by 0.84% compared to the previous year-end, reflecting a stable financial position[3]. - The company's equity attributable to shareholders reached CNY 1,249,710,317.81, an increase from CNY 1,213,489,387.66, showing a growth of about 3%[22]. Cash Flow - The company experienced a significant increase in cash flow from operating activities, with a year-to-date net cash flow of CNY 4,713,413.56, up 410.10%[3]. - The cash flow from operating activities showed a positive trend, contributing to the overall financial health of the company[27]. - The net cash flow from operating activities for the current period is ¥4,713,413.56, a significant increase from ¥924,024.95 in the previous period, reflecting improved operational efficiency[28]. - Cash inflows from operating activities totaled ¥494,158,459.68, up from ¥412,127,096.63, indicating a growth of approximately 19.9%[28]. - Cash outflows from operating activities increased to ¥489,445,046.12 from ¥411,203,071.68, resulting in a net cash flow from operations of ¥4,713,413.56[28]. - The net cash flow from investing activities rose to ¥12,570,891.36 compared to ¥2,949,506.85 in the previous period, showing a substantial increase of over 325%[29]. - Total cash inflows from investing activities were ¥222,087,531.88, compared to ¥152,999,506.85, marking an increase of approximately 45.3%[29]. - The net cash flow from financing activities was negative at -¥33,465,391.45, worsening from -¥9,590,882.38 in the previous period[29]. Research and Development - The company increased its R&D expenses to CNY 23,603,160.99 for Q3 2021, a rise of 34.17% compared to the same period last year, indicating a commitment to innovation[8]. - Research and development expenses increased to CNY 23,603,160.99 from CNY 17,592,199.15, reflecting a growth of approximately 34%[23]. Investments and Financing - The company reported a decrease in investment income to CNY 1,864,625.41, down 37.84% year-on-year, attributed to reduced returns from financial products[8]. - The company plans to issue convertible bonds to raise funds for the "Phase I Fine Chemical Products Project," aiming to enhance its operational scale and competitiveness[12]. - The company received approval from the Shenzhen Stock Exchange for its application to issue convertible bonds, confirming compliance with issuance and listing conditions[18]. - The company is actively responding to inquiries from the Shenzhen Stock Exchange regarding its convertible bond issuance, demonstrating its commitment to transparency and compliance[16]. - The company has not disclosed any related party transactions among its top shareholders, indicating a focus on governance and shareholder relations[11]. - The company is in the process of revising its responses to feedback from the Shenzhen Stock Exchange, ensuring that all regulatory requirements are met[17]. - The company has not reported any changes in the number of preferred shareholders, indicating stability in its capital structure[12]. Inventory and Receivables - The company’s accounts receivable stood at ¥208,769,145.32, down from ¥222,239,440.12 at the end of 2020, indicating a decrease of about 6.1%[20]. - The inventory level was CNY 267,792,054.77, slightly down from CNY 280,326,967.11, indicating effective inventory management[21]. - The total amount of trading financial assets decreased to ¥60,783,452.05 from ¥90,210,566.47, reflecting a decline of approximately 32.5%[20]. - The company reported an increase in prepayments to ¥23,155,655.72 from ¥20,437,438.64, which is an increase of about 8.4%[20]. Audit and Compliance - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[31].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥498 million, representing a 56.30% increase compared to the same period last year[20]. - The net profit attributable to shareholders reached approximately ¥36.82 million, a significant increase of 1,129.37% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥40.39 million, reflecting an increase of 48,669.45% compared to the previous year[20]. - The basic earnings per share for the period was ¥0.0881, up 1,123.61% from ¥0.0072 in the same period last year[20]. - The company's operating revenue for the reporting period reached ¥498,003,798.85, representing a year-on-year increase of 56.30% due to the gradual control of the pandemic and improvement in the domestic market economy[51]. - The company's operating costs amounted to ¥405,964,041.04, which is a 47.06% increase compared to the previous year, attributed to the growth in sales revenue[51]. - The gross profit margin for dyeing products improved to 17.51%, up by 4.88% from the previous year, while printing products saw a gross profit margin of 25.42%, an increase of 3.43%[53][54]. - The company reported a total profit of CNY 43,058,507.41 for the first half of 2021, a significant increase from CNY 3,854,119.77 in the first half of 2020[187]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.52 billion, a slight decrease of 0.81% from the end of the previous year[20]. - The company's total assets as of the end of the reporting period amounted to CNY 762,618,133.20, slightly down from CNY 777,816,008.43 at the end of the previous period[184]. - The company's current assets totaled CNY 985,061,571.16, down from CNY 1,014,927,001.27 at the end of 2020, indicating a decrease of approximately 2.5%[178]. - The total liabilities decreased to CNY 277,590,394.17 from CNY 304,355,814.29, a reduction of about 8.8%[179]. - The company's equity attributable to shareholders increased to CNY 1,238,727,130.87 from CNY 1,213,489,387.66, showing a growth of approximately 2.1%[180]. Cash Flow - The company reported a negative net cash flow from operating activities of approximately -¥26.95 million, a decline of 201.16% compared to the previous year[20]. - The company achieved a net increase in cash and cash equivalents of -¥45,553,926.58, a decline of 276.35% due to reduced operating cash flow[51]. - Cash flow from operating activities showed a net outflow of -26,950,860.21, contrasting with a net inflow of 26,642,162.16 in the same period of 2020[194]. - The total cash outflow from financing activities was 62,392,067.64, leading to a net cash outflow of -30,215,391.45 from financing activities[195]. - The company's cash flow from operating activities showed resilience despite the overall negative cash flow trend in investing and financing activities[198]. Investments and Projects - The company is constructing a 15,000-ton environmentally friendly high-end disperse dye project and a 2,000-ton textile digital printing ink project, enhancing its production capacity[27]. - The company is currently constructing several projects, including a fine chemical product project and an environmentally friendly high-end disperse dye project, which will enhance product variety and reduce reliance on external dye intermediates[46]. - The total investment for the new project involving the production of 2,000 tons of textile digital printing ink and 1,000 tons of high-purity colorants is not to exceed 100 million yuan[157]. - The company plans to issue convertible bonds to raise funds for the "Phase I Fine Chemical Products Project" to enhance its operational scale and competitiveness[151]. Market and Industry Position - The textile dyeing and printing industry is recovering as the global COVID-19 pandemic eases, positively impacting the company's performance[33]. - The company ranks among the top in the active dye segment in terms of capacity, output, and sales over the past three years, with a total of 30 series and over 400 varieties of active dyes[35]. - The company is expanding its product range to include digital printing inks and high-purity colorants, improving its industry layout[28]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[113]. Research and Development - Research and development investment increased by 29.88% to ¥13,777,331.05, reflecting the company's commitment to innovation[51]. - The company's R&D expenses for the first half of 2021 were CNY 13,777,331.05, up from CNY 10,607,446.62 in the same period of 2020, marking an increase of about 29.5%[185]. - The company has applied for 40 national invention patents, with 26 granted, and has registered 43 trademarks, enhancing its intellectual property portfolio[38]. Environmental and Social Responsibility - The company emphasizes eco-friendly practices, being a BLUESIGN partner and achieving multiple environmental certifications for its products, which facilitates international market access[40]. - Environmental protection measures have been implemented, including investments in waste treatment facilities, to comply with stricter national environmental regulations[80]. - The company has established a self-monitoring plan for environmental emissions, which has been filed with the local environmental authority[95]. - The company emphasizes its commitment to social responsibility, focusing on shareholder returns, employee welfare, and environmental sustainability[96]. Risks and Challenges - The management highlighted potential risks including macroeconomic conditions, safety production, and raw material price fluctuations[5]. - The company is facing risks related to macroeconomic fluctuations, particularly due to ongoing US-China trade tensions and the impact of the COVID-19 pandemic on global supply chains[78]. - The company is actively managing raw material price risks by maintaining long-term relationships with key suppliers and adjusting inventory based on market conditions[80]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[92]. - The company has not engaged in any significant equity investments during the reporting period[63]. - The company has not reported any significant impact from ongoing litigation on its operations[130].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥498 million, representing a 56.30% increase compared to the same period last year[20]. - The net profit attributable to shareholders for the same period was approximately ¥36.82 million, a significant increase of 1,129.37% year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached approximately ¥40.39 million, marking an increase of 48,669.45% compared to the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.0881, up 1,123.61% from ¥0.0072 in the same period last year[20]. - The company's revenue for the reporting period reached ¥498,003,798.85, a 56.30% increase compared to ¥318,611,936.11 in the same period last year, attributed to the gradual control of the pandemic and improvement in the domestic market economy[51]. - The company's gross profit margin for dyeing products was 17.51%, up from 12.63% in the previous year, while the gross profit margin for printing products was 25.42%, an increase from 22.99%[53][54]. - The company reported a significant increase in investment income, amounting to ¥1,647,748.61, contributing 3.83% to the total profit[56]. - The company reported a commitment to not transfer or entrust the management of shares for 36 months from the date of the IPO, ensuring shareholder confidence[108]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.52 billion, a slight decrease of 0.81% from the end of the previous year[20]. - The company's total assets as of June 30, 2021, amounted to ¥762,618,133.20, a slight decrease from ¥777,816,008.43 at the end of 2020[184]. - The company's total liabilities decreased from CNY 304,355,814.29 at the end of 2020 to CNY 277,590,394.17 as of June 30, 2021, reflecting a reduction of approximately 8.8%[179][180]. - The total equity attributable to the parent company increased from CNY 1,213,489,387.66 at the end of 2020 to CNY 1,238,727,130.87, reflecting a growth of approximately 2.1%[180]. - The company's cash and cash equivalents decreased by 276.35% to -¥45,553,926.58, primarily due to a reduction in operating cash flow[51]. - The company's cash and cash equivalents were CNY 182,416,574.78, down from CNY 209,470,501.36, representing a decline of approximately 12.9%[177]. Cash Flow - The company reported a negative net cash flow from operating activities of approximately ¥26.95 million, a decline of 201.16% compared to the previous year[20]. - The cash flow from operating activities showed a significant improvement compared to the previous period, indicating better operational efficiency[198]. - The net cash flow from operating activities was CNY 14,709,684.39, a decrease of CNY 94,683.88 compared to the previous period[198]. - The net cash flow from investing activities was -CNY 29,965,346.58, with cash inflows totaling CNY 55,000,000.00 and outflows of CNY 34,965,346.58[198]. - The net cash flow from financing activities was -CNY 16,250,044.87, with cash inflows of CNY 32,176,676.19 and outflows of CNY 48,426,721.06[198]. Investments and Projects - The company is constructing a project with an annual production capacity of 15,000 tons of environmentally friendly high-end disperse dyes[27]. - A project for producing 2,000 tons of textile digital printing ink and 1,000 tons of high-purity inkjet printing dyes is also in preparation[28]. - The company is currently constructing several projects, including a fine chemical product project and an environmentally friendly high-end disperse dye project, which will enhance product variety and reduce reliance on external dye intermediates[46]. - The total planned investment for the new project involving the production of 2,000 tons of textile digital printing ink and 1,000 tons of high-purity colorants is not to exceed 100 million yuan[157]. - The company plans to issue convertible bonds to raise funds for the "Phase I Fine Chemical Products Project" to enhance its operational scale and competitiveness[151]. Research and Development - Research and development investment increased by 29.88% to ¥13,777,331.05, reflecting the company's commitment to innovation and product development[51]. - The company has applied for 40 national invention patents, with 26 patents granted, and has registered 43 trademarks, enhancing its intellectual property portfolio[38]. - Research and development expenses for the first half of 2021 were ¥13,777,331.05, up from ¥10,607,446.62 in the first half of 2020, reflecting an increase of approximately 29.5%[185]. Market and Sales - The company achieved operating revenue of 498 million CNY, a year-on-year increase of 56.30%[33]. - The company has established a complete direct sales system with over 40 professional sales and application service team members[30]. - The company is expanding its product categories and industry layout through horizontal and vertical expansions in the dye industry[27]. - The company is focusing on energy-saving and environmentally friendly product development to align with national industrial policy and enhance brand value[35]. - The company is expanding its market presence, targeting a 10% increase in market share in the next fiscal year[115]. Risk Management - The management highlighted potential risks including macroeconomic conditions, safety production, and raw material price fluctuations[5]. - The company faces risks from macroeconomic fluctuations, particularly due to the ongoing US-China trade tensions and their impact on the textile and dyeing industries[78]. - The company has established a robust safety production system to mitigate risks associated with the handling of flammable and toxic materials[79]. - Environmental protection measures have been implemented, including investments in facilities to manage waste and emissions, in response to stricter national policies[80]. Corporate Governance - The company has not made any significant equity investments during the reporting period[63]. - The company has not reported any overdue amounts from entrusted financial products, maintaining a healthy financial position[72]. - The company has not engaged in any major asset or equity sales during the reporting period, indicating stability in its asset management[75]. - The company has not participated in any derivative investments or entrusted loans, reflecting a conservative financial strategy[74]. - The company has committed to avoiding competition with its subsidiaries and related parties[120]. Environmental Responsibility - The company emphasizes eco-friendly practices, with its main products achieving BLUESIGN certification, indicating international recognition in resource productivity and consumer safety[40]. - The company has implemented a wastewater treatment system with a capacity of 800 tons/day and a treatment efficiency of over 95% for air emissions[93]. - The company has established a self-monitoring plan for environmental emissions, which has been filed with the local environmental authority[95]. - All environmental monitoring results for wastewater, air emissions, and noise during the reporting period complied with legal requirements[95]. - The company has actively increased and upgraded environmental protection facilities, ensuring compliance with environmental laws and regulations without any major pollution incidents during the reporting period[100].