山东泰和科技股份有限公司 2022 年第三季度报告 证券代码：300801 证券简称：泰和科技 公告编号：2022-091 山东泰和科技股份有限公司 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 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 678,353,159.44 | 29.28% | 2,091,009,906.69 | 51.21% | | ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,412,656,747.25, representing a 64.61% increase compared to ¥858,190,098.76 in the same period last year[18]. - Net profit attributable to shareholders was ¥241,085,309.89, a significant increase of 239.65% from ¥70,980,321.18 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥238,634,237.97, up 283.80% from ¥62,177,492.79 in the same period last year[18]. - The net cash flow from operating activities was ¥280,660,509.37, showing a remarkable increase of 520.41% compared to ¥45,237,887.76 in the previous year[18]. - Basic earnings per share increased to ¥1.1151, up 239.35% from ¥0.3286 in the same period last year[18]. - Total assets at the end of the reporting period were ¥2,966,542,470.25, reflecting a 16.05% increase from ¥2,556,205,246.87 at the end of the previous year[18]. - Net assets attributable to shareholders increased to ¥2,293,597,096.63, an 8.40% rise from ¥2,115,908,685.55 at the end of the previous year[18]. - The company's operating revenue reached 1,412.66 million yuan, up 64.61% year-on-year, with operating profit and total profit increasing by 251.61% and 250.46% respectively[41]. - The company's net profit margin was impacted by a significant increase in income tax expenses, which rose by 316.41% to ¥49,347,939.88 due to profit growth[59]. Investment and Expansion - The company is actively expanding into the new energy sector, with projects including a 10,000-ton lithium iron phosphate project and a 20,000-ton VC project currently in the installation phase[42]. - The company raised 843.72 million yuan through its IPO, with funds allocated to projects that are now reaching operational status, including a 280,000-ton water treatment agent project[47]. - The company invested CNY 30,000,000 in Shandong Tailida Electronics Co., Ltd., acquiring a 100% stake, with the investment funded by its own capital[73]. - The company reported a cumulative investment of CNY 32,489,500 in the high-end lithium iron phosphate cathode material project, with a progress rate of 27.45%[78]. - The cumulative investment in the VC (vinyl carbonate) project reached CNY 31,903,400, with a progress rate of 15.60%[78]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[68]. - The company has achieved a fundraising surplus of RMB 28,103,780, which includes cash management income and interest[86]. Research and Development - The company has established multiple high-level innovation platforms, including a national enterprise technology center and a post-doctoral research station[34]. - The company focuses on R&D investment, enhancing its technical strength and ensuring sustainable development in the fine chemical industry[33]. - The company has a strong focus on technology innovation, with a well-equipped R&D team and advanced analytical instruments[34]. - Research and development expenses increased by 7.93% to ¥41,777,196.40, indicating continued investment in innovation[59]. - The company has developed 24 results that meet international advanced standards, with 10 of these filling domestic gaps, and holds 84 valid invention patents and 71 utility model patents[52]. Environmental and Safety Compliance - The company has implemented a comprehensive air pollution control system across multiple production facilities[124]. - The company has committed to continuous improvement in environmental protection measures and compliance with regulations[126]. - The company emphasizes safety and environmental compliance, continuously optimizing its management systems to adapt to legal and regulatory requirements[56]. - The company has obtained environmental impact approval for a 20,000-ton vinyl carbonate (VC) project on August 5, 2022[130]. - The company has received environmental impact assessment approvals for a project with an annual production capacity of 300,000 tons of water treatment agents[126]. - The company has established a robust environmental management system to monitor and control emissions effectively[125]. - The company has implemented energy-saving measures such as process improvements and the installation of photovoltaic power generation systems to reduce carbon emissions[132]. Corporate Governance and Management - The company plans not to distribute cash dividends or issue bonus shares[3]. - The company appointed Liu Quanhua and Zhang Jing as vice general managers on March 7, 2022[110]. - The company appointed Ren Zhenzhen and Ding Zhibo as vice general managers on July 25, 2022[110]. - The company did not report any objections during the public announcement period for the stock incentive plan[115]. - The company held a board meeting on March 17, 2021, to approve the stock incentive plan[113]. - The company’s stock incentive plan was revised and approved on March 26, 2021[114]. - The company confirmed the vesting conditions for the first vesting period of the restricted stock units on May 30, 2022[120]. Market Position and Competitive Advantage - The company exported 58.03% of its water treatment agent revenue, establishing itself as a significant global player in the industry[40]. - The company’s continuous business expansion and product application diversification have enhanced its industry position and customer recognition[33]. - The company has been recognized as a national-level manufacturing champion and has received multiple industry accolades, reinforcing its competitive position in the market[48]. - The company has been recognized as a leading enterprise in the new materials and new energy sector in Shandong Province, reflecting its strong market position[49]. - The company emphasizes strategic cooperation with quality suppliers to mitigate the impact of raw material price fluctuations[31]. Shareholder Information - The company reported a total of 15,522 common shareholders at the end of the reporting period[190]. - The largest shareholder, Cheng Zhongfa, holds 47.36% of the shares, amounting to 102,872,700 shares[190]. - The second-largest shareholder, a domestic non-state-owned legal entity, holds 6.71% of the shares, totaling 14,580,000 shares[190]. - The total number of shares held by the top 10 shareholders includes significant stakes from individuals such as Cheng Zhongfa and Wang Jiageng[191]. - The company’s management team, including the general manager, increased their holdings by a total of 1,200,000 shares during the reporting period[194]. Risks and Challenges - The company is facing risks from raw material price fluctuations, which could adversely affect profitability if prices rise and adjustments are not made[1]. - The company acknowledges the risk of project delays due to uncontrollable factors affecting ongoing and planned projects[3]. - The company is aware of the potential impact of geopolitical risks, such as the Russia-Ukraine conflict, on overseas market demand[2]. - The company has identified risks related to exchange rate fluctuations and has established measures to monitor and adjust strategies accordingly[94].

Financial Performance - The company's operating revenue for Q1 2022 was ¥723,638,828.31, representing a 75.55% increase compared to ¥412,212,849.03 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was ¥124,797,684.98, a significant increase of 234.24% from ¥37,338,244.06 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 284.17% to ¥119,883,938.89 from ¥31,206,119.90 year-on-year[3] - Basic and diluted earnings per share increased by 234.18% to ¥0.5778 from ¥0.1729 in the previous year[3] - The total operating revenue for Q1 2022 was CNY 723,638,828.31, a significant increase from CNY 412,212,849.03 in the same period last year, representing a growth of approximately 75.5%[22] - The net profit for Q1 2022 reached CNY 124,701,602.33, up from CNY 37,338,244.06 in Q1 2021, indicating a growth of approximately 234.5%[23] - The total comprehensive income of CNY 121,662,520.60 for Q1 2022, compared to CNY 37,373,745.99 in Q1 2021, representing a growth of approximately 225.5%[24] Cash Flow - The net cash flow from operating activities surged by 4,270.04% to ¥65,492,159.49, compared to ¥1,498,661.11 in the same quarter last year[3] - Cash inflow from operating activities totaled ¥569,646,533.75, compared to ¥323,396,562.53 in the previous period, indicating a year-over-year growth of approximately 76.5%[27] - The total cash outflow from operating activities was ¥504,154,374.26, up from ¥321,897,901.42, resulting in a net cash flow from operations of ¥65,492,159.49[27] - The company’s cash flow from tax refunds was ¥69,042,786.33, significantly higher than ¥26,992,608.59 in the previous period, showing improved tax recovery efforts[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,691,602,338.12, reflecting a 5.30% increase from ¥2,556,205,246.87 at the end of the previous year[3] - The total liabilities for Q1 2022 were CNY 449,738,705.16, slightly up from CNY 440,374,236.32 in Q1 2021, showing a growth of approximately 2.1%[21] - The total equity attributable to shareholders of the parent company was CNY 2,242,037,390.61, an increase from CNY 2,115,908,685.55 in the previous year, representing a growth of about 6.0%[21] Investments and Projects - The company plans to invest CNY 20.45 million in a new project to produce 20,000 tons of VC (Vinyl Carbonate Ester) in two phases[14] - The company has applied for a credit line of up to CNY 200 million from a bank to support its daily operations and business development[13] - The company established a wholly-owned subsidiary with an investment of CNY 30 million to expand into the new energy sector[17] - The company plans to liquidate its wholly-owned subsidiary TAICO INC. as part of its restructuring efforts[13] Shareholder Information - The top shareholder, Cheng Zhongfa, holds 47.63% of the shares, totaling 102,872,700 shares[8] - A total of 16,214,800 shares, representing 7.5069% of the company's total shares, are planned to be reduced by a major shareholder[16] Management and Operational Changes - The company has undergone management changes, including the resignation of key executives, which may impact future strategic directions[15] Research and Development - Research and development expenses for Q1 2022 were CNY 22,885,634.08, up from CNY 16,662,366.99 in Q1 2021, indicating an increase of about 37.2%[23]

Financial Performance - The company reported a profit distribution plan of 4.00 RMB per 10 shares (including tax) for a total of 216,000,000 shares[5]. - The company's operating revenue for 2021 was ¥2,209,112,905.06, representing a 44.49% increase compared to ¥1,528,889,650.71 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥278,478,638.37, a 42.67% increase from ¥195,192,454.89 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥265,741,711.52, up 48.29% from ¥179,209,518.99 in 2020[19]. - The total revenue for 2021 was CNY 2,694,613,590, representing a 12.46% decrease compared to the previous year[75]. - The gross profit margin for 2021 was reported at 30%, showing an improvement from the previous year's margin of 25%[104]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-on-year growth of 15%[109]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[177]. - The company reported a total revenue of 458.3 million yuan for the year 2021, reflecting a significant increase compared to the previous year[104]. Risk Management - The company emphasizes the importance of risk awareness regarding future development strategies and operational plans[5]. - The company has outlined potential risk factors and countermeasures in the management discussion and analysis section of the report[5]. - The company faces risks related to raw material price fluctuations, which could significantly impact its gross profit margins[140]. - The company is committed to strategic procurement and strengthening partnerships with quality suppliers to mitigate raw material price risks[141]. - The company is closely monitoring the international trade environment and potential trade barriers that may arise due to rising protectionism, which could adversely affect export operations[143]. - The company acknowledges the risk of product substitution due to technological advancements in water treatment methods and is focusing on exploring new fields to prevent market shrinkage[148]. - The ongoing COVID-19 pandemic has not significantly impacted the company's operations, but uncertainties remain regarding its future effects on the global economy and supply chains[149]. - The company is aware of geopolitical risks, such as the Russia-Ukraine conflict, which may lead to fluctuations in overseas market demand[150]. Research and Development - The company has established multiple high-level innovation platforms, including a national-level enterprise technology center, to bolster its R&D capabilities[44]. - The company has developed several patented technologies to enhance production efficiency and reduce energy consumption[50]. - The company is focusing on continuous production processes to improve product quality and operational safety[50]. - The company has successfully industrialized the production of new products such as PBTCA and nitrogen-containing organic phosphonates, improving product quality and achieving essential safety[86]. - The company aims to expand its product range and application fields through the development of new products, including bio-based PESA and high-efficiency anti-scaling agents[87]. - The company has achieved a production yield greater than 98% for the urea-based dimethyl carbonate synthesis process, which is expected to help enter a new market[89]. - The company is exploring the comprehensive utilization of by-product sodium chloride, with small-scale tests completed and potential for low-cost industrialization[90]. - The company has a strong focus on R&D, with ongoing projects aimed at enhancing water treatment technologies[164]. Production Capacity and Operations - The company has a production capacity of 332,000 tons/year as of December 31, 2021, with a diverse product line including scale inhibitors, corrosion inhibitors, and biocides[45]. - The company has invested in advanced analytical and testing instruments, including a 400 MHz superconducting nuclear magnetic resonance spectrometer, to enhance product development and quality control[45]. - The company has established a comprehensive quality management system certified to GB/T 19001-2016/ISO 9001:2015 standards, ensuring high product quality throughout the production process[62]. - The company has initiated a strategic investment in the water treatment agent industry chain expansion project, with a total investment of 4,127.00 million yuan planned[116]. - The company is expanding its production capacity with a new project for high-end cathode materials, targeting an annual output of 10,000 tons of lithium iron phosphate[118]. Market Expansion and Strategy - The company is actively expanding into new application areas for its products, enhancing its market position and customer recognition[44]. - The company has established a joint venture in September 2021 with Shandong Guosheng Battery Technology Co., Ltd. to enter the new energy sector, focusing on battery PACK business[65]. - The company plans to expand its market presence by entering two new provinces in 2022, aiming for a 15% increase in regional sales[104]. - The company is exploring potential acquisitions to strengthen its position in the renewable energy sector, with a focus on innovative technologies[104]. - The company is committed to sustainability, with plans to reduce operational carbon emissions by 25% over the next five years[104]. - The company is focused on expanding its market presence through strategic partnerships and potential acquisitions[184]. Corporate Governance - The company ensures equal treatment of all shareholders, particularly minority shareholders, in decision-making processes[156]. - The governance structure of the company complies with relevant laws and regulations, ensuring no significant discrepancies exist[157]. - The company has maintained a stable governance structure, with no significant changes in the board of directors recently[164]. - The company has appointed new independent directors to strengthen its governance structure and enhance transparency[177]. - The company is committed to maintaining shareholder interests, particularly for minority shareholders, through diligent governance practices[184]. Employee Management - The total number of employees at the end of the reporting period was 653, with 589 from the parent company and 64 from major subsidiaries[190]. - The company has a diverse professional composition, with 378 production personnel, 106 technical personnel, and 53 sales personnel[190]. - The company has a training program aimed at enhancing employee skills and safety awareness, including both internal and external training sessions[193]. - The company has implemented a compensation mechanism linking salaries to company and individual performance to attract and retain talent[156]. Environmental and Safety Compliance - The company emphasizes the importance of safety in production, given the hazardous nature of the chemicals used, and has implemented measures to reduce the risk of accidents[144]. - The company has received environmental approval for the water treatment agent industry chain expansion project on June 9, 2021[51]. - The company is committed to achieving green production and optimizing resource utilization through various R&D projects[86]. Financial Management - The company raised a total of RMB 912.6 million through a public offering in 2019, with a net amount of RMB 843.72 million after deducting fees[122]. - The company has a total of RMB 44.17 million in unutilized raised funds, with no funds idled for over two years[122]. - The company has implemented a stock incentive plan, with the first grant date set for May 17, 2021, at a price of RMB 12.44 per share for 4.2 million shares[200].

证券代码：300801 证券简称：泰和科技 公告编号：2021-095 山东泰和水处理科技股份有限公司 关于参加山东辖区上市公司 2021 年度投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流，山东泰和水处理科技股份有限公司 （以下简称"公司"）将于 2021 年 11 月 16 日（星期二）下午 14:00-16:00 参加由 山东证监局、山东上市公司协会举办的"山东辖区上市公司 2021 年度投资者网 上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过网上平台采取网络远程的方式举行， 投资者可以登录"全景•路演天下"网站（http://rs.p5w.net）参与本次投资者网上 集体接待日活动。 届时公司副总经理兼董事会秘书程霞女士和证券事务代表程程女士将通过 网络在线形式与投资者进行沟通交流，欢迎广大投资者积极参与。 特此公告。 山东泰和水处理科技股份有限公司董事会 2021 年 11 月 11 日 1 ...

山东泰和水处理科技股份有限公司 2021 年第三季度报告 证券代码：300801 证券简称：泰和科技 公告编号：2021-091 山东泰和水处理科技股份有限公司 2021 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 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 524,703,986.61 | 46.91% | 1,382,894,085.37 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥858,190,098.76, representing a 10.32% increase compared to ¥777,878,858.36 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 43.56% to ¥70,980,321.18 from ¥125,771,790.08 in the previous year[23]. - The net cash flow from operating activities fell by 67.93% to ¥45,237,887.76, down from ¥141,073,218.42 in the same period last year[23]. - Basic earnings per share decreased by 43.57% to ¥0.3286 from ¥0.5823 in the previous year[23]. - The total assets at the end of the reporting period were ¥2,112,296,908.69, a decrease of 0.56% from ¥2,124,221,466.53 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 0.91% to ¥1,885,573,272.41 from ¥1,868,637,033.89 at the end of the previous year[23]. - The weighted average return on net assets was 3.76%, down from 7.12% in the previous year, a decrease of 3.36%[23]. - Operating costs increased by 22.18% to ¥711,102,201.44 from ¥581,997,719.19, leading to a decrease in gross margin[61]. - The net cash flow from operating activities decreased by 67.93% to ¥45,237,887.76, primarily due to rising raw material costs and increased accounts receivable[62]. - The net increase in cash and cash equivalents was ¥299,003,730.95, a significant recovery from a decrease of ¥305,174,962.22 in the previous year, mainly due to the redemption of financial products[62]. Market and Sales - The company achieved a sales volume of 122,404.52 tons, an increase of 3.98% compared to the same period last year[46]. - The company exported 51.17% of its total revenue, highlighting its significant presence in the global market[45]. - The average product price was 6,986.78 yuan/ton, reflecting a 6.03% increase compared to the previous year[46]. - The company's foreign sales revenue was ¥43,910.30 million, accounting for 51.17% of total revenue, with a foreign exchange loss of ¥1.87 million, representing 2.26% of total profit[102]. Production and Capacity - The company has a production capacity of 280,000 tons/year, ensuring a comprehensive product line to meet diverse customer needs[40]. - The company has established a production capacity of 280,000 tons/year for water treatment agents, positioning itself as one of the few enterprises capable of large-scale production in the industry[55]. - The company’s wastewater treatment plant has a processing capacity of 200 m³/d, ensuring all wastewater is treated uniformly[126]. - The company has a production capacity of 300,000 tons of water treatment agents, with environmental impact assessments completed for various projects since 2013[127]. Research and Development - The company has invested in R&D, resulting in 21 technological achievements reaching international advanced levels and 12 at the domestic leading level, with 52 authorized invention patents and 48 utility model patents[50]. - Research and development investment rose by 20.35% to ¥38,709,046.65 from ¥32,163,764.82, indicating a commitment to innovation[61]. - The company emphasizes technological innovation and has established multiple high-level research platforms to enhance its competitive edge[40]. Risk Management - The company emphasizes the importance of risk awareness for investors regarding its future plans and forecasts[6]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and the global economy[111]. - The company faces risks from international trade protectionism, which could adversely affect export business and market expansion[104]. - The company is implementing measures to mitigate risks from raw material price fluctuations and is enhancing strategic cooperation with suppliers[101]. - The company emphasizes risk management in foreign exchange derivative trading, focusing on profit locking and avoiding speculative trading[97]. Environmental and Safety Management - The company has focused on safety and environmental management, establishing systems to control operational risks and enhance safety culture[58]. - The company’s environmental protection measures include advanced gas treatment systems to ensure compliance with emission standards[125]. - The company has achieved environmental management system certification in August 2020[128]. - The company has received no administrative penalties for environmental issues during the reporting period[128]. - The company has implemented multiple stages of gas treatment processes to ensure emissions meet environmental standards[125]. Corporate Governance and Shareholder Matters - The company plans to not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[118]. - The company held its annual general meeting with a participation rate of 60.64% on April 7, 2021[115]. - The first extraordinary general meeting of 2021 had a participation rate of 72.81% on June 2, 2021[115]. - The company appointed a new general manager, Yao Ya, on January 30, 2021, following the resignation of the previous general manager, Cheng Zhongfa[116]. - The company has implemented a stock incentive plan approved on March 17, 2021, which includes a restricted stock incentive plan[119]. Financial Management - The total investment during the reporting period was ¥1,250,903,338.00, reflecting a 32.31% increase from ¥945,433,760.26 in the same period last year[74]. - The company aims to enhance its asset management and investment strategies to improve overall financial performance[81]. - The total amount of raised funds is RMB 843,724,400, with RMB 460,646,761.96 remaining in the account as of June 30, 2021[86]. - The company has committed to projects with a total investment of RMB 84,372.44 million, of which RMB 4,325.85 million has been invested by the end of the reporting period[89]. - The company has confirmed that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete[90].

山东泰和水处理科技股份有限公司 2021 年第一季度报告全文 山东泰和水处理科技股份有限公司 2021 年第一季度报告 2021-038 2021 年 04 月 1 山东泰和水处理科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人程终发、主管会计工作负责人姚娅及会计机构负责人(会计主管 人员)颜秀声明：保证季度报告中财务报表的真实、准确、完整。 2 山东泰和水处理科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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） | 412,212,849.03 | 344,713,088.10 | 19.58% | | 归属于上市公司股东的净利润（元） | 37,3 ...

Financial Performance - The company's operating revenue for 2020 was CNY 1,528,889,650.71, representing a 22.78% increase compared to CNY 1,245,221,017.78 in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 195,192,454.89, which is a 13.74% increase from CNY 171,614,747.95 in 2019[16]. - The net cash flow from operating activities for 2020 was CNY 203,219,015.07, reflecting a 15.47% increase from CNY 175,999,441.64 in 2019[16]. - The total assets at the end of 2020 amounted to CNY 2,124,221,466.53, a 9.24% increase from CNY 1,944,534,888.95 at the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were CNY 1,868,637,033.89, which is a 7.78% increase from CNY 1,733,769,552.03 at the end of 2019[16]. - The basic earnings per share for 2020 were CNY 0.9037, down 12.32% from CNY 1.0307 in 2019[16]. - The weighted average return on equity for 2020 was 10.93%, a decrease of 8.69% from 19.62% in 2019[16]. - The company achieved a sales volume of 240,782.73 tons, an increase of 38.44% year-on-year[55]. - Revenue reached 152,888.97 million yuan, up 22.78% compared to the previous year[55]. - Net profit attributable to shareholders was 19,519.25 million yuan, reflecting a year-on-year increase of 13.74%[55]. Dividend Policy - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares, based on a total of 216,000,000 shares[6]. - The cash dividend accounted for 27.67% of the net profit attributable to ordinary shareholders in the consolidated financial statements for 2020[149]. - The total distributable profit for the year was RMB 579,991,766.41, with the cash dividend representing 100% of the profit distribution[146]. - The company adheres to a clear profit distribution policy, ensuring that dividend standards and procedures are well-defined and executed to protect shareholder interests[142]. - The company has a cash dividend policy that complies with its articles of association and shareholder resolutions[143]. Research and Development - The company has made significant investments in research and development, resulting in the development of a continuous and intelligent production system for water treatment agents[46]. - The company has established a technology innovation system, resulting in 21 achievements reaching international advanced levels and 42 authorized invention patents[57]. - Research and development expenses increased by 40.26% to ¥65,424,229.69, reflecting a significant investment in new product and technology development[77]. - The company's R&D investment accounted for 4.28% of operating revenue, up from 3.75% in the previous year[80]. - The company has committed to strengthening its technological innovation and product upgrades, with a focus on enhancing R&D capabilities through the construction of a new R&D center[182]. Market Expansion and Strategy - The company is focused on expanding its production capacity with projects such as the annual production of 280,000 tons of water treatment agents[10]. - The company is exploring opportunities for mergers and acquisitions to enhance its competitive edge[97]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[155]. - The company aims to leverage its AI capabilities to improve product offerings and customer engagement[97]. - The company is actively investing in research and development to drive future growth[97]. Operational Efficiency - The company has implemented smart production systems, achieving automation in major workshops, which enhances operational efficiency[38]. - The company has introduced modern management systems like ERP and CRM to enhance market responsiveness and customer relationship management[56]. - The company has implemented an intelligent manufacturing model for water treatment agents, achieving automation and optimization in production processes[55]. - The company aims to reduce operational costs by 5% through efficiency improvements and automation in production processes[155]. - The company has established a strong safety and environmental management system to control operational risks effectively[50]. Risk Management - The company has outlined potential future risks and strategies in its annual report, emphasizing the need for investors to be aware of market uncertainties[6]. - The company faces risks from raw material price fluctuations, exchange rate volatility, and changes in the international trade environment[128][129][130]. - The company is committed to enhancing its sales team's capabilities and project management to mitigate risks associated with new projects and market fluctuations[134][135]. - The company is facing risks related to increased depreciation from ongoing and planned construction projects, which may negatively impact operating performance in the initial phase of production[134]. Compliance and Governance - The company has committed to ensuring that its IPO documents do not contain any misleading statements or significant omissions, affirming their accuracy and completeness[167]. - The company has established measures to ensure compliance with public commitments, including accepting public supervision and disclosing any failures to fulfill commitments[166]. - The company has made commitments to protect the legitimate rights and interests of small and medium investors in the capital market[186]. - The company has appointed Xinyong Zhonghe Accounting Firm as its auditor for the 2020 fiscal year, replacing the previous auditor, Dahua Accounting Firm, to ensure audit independence[191][192]. - The company will disclose any penalties and corrective measures related to unfulfilled commitments in its periodic reports[166].

Financial Performance - Operating revenue for the reporting period was ¥357,150,861.61, up 4.92% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥48,630,158.80, a decrease of 7.35% year-on-year[9]. - Basic earnings per share for the reporting period were ¥0.23, a decline of 28.13% year-on-year[9]. - Total operating revenue for Q3 2020 was CNY 357,150,861.61, an increase of 4.8% compared to CNY 340,414,642.97 in the same period last year[43]. - Net profit for Q3 2020 was CNY 48,630,158.80, a decrease of 7.4% from CNY 52,487,062.71 in Q3 2019[45]. - Total operating revenue for the current period reached ¥1,135,029,719.97, an increase of 28.4% compared to ¥884,199,208.71 in the previous period[51]. - Net profit for the current period was ¥174,401,948.88, a rise of 28.2% compared to ¥135,951,989.12 in the same period last year[52]. - Total profit for the current period was ¥208,409,874.68, an increase of 30.2% from ¥159,988,115.81 in the previous period[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,060,231,741.31, an increase of 5.95% compared to the previous year[9]. - Total liabilities amounted to CNY 212,166,414.29, a slight increase from CNY 210,765,336.92, showing a growth of about 0.19%[37]. - Current assets totaled CNY 1,364,331,988.85, slightly up from CNY 1,331,302,228.67, indicating a growth of about 2.3%[35]. - Cash and cash equivalents decreased to CNY 608,490,837.73 from CNY 928,036,404.44, a decline of approximately 34.4%[35]. - Total liabilities increased to CNY 144,043,948.31 in Q3 2020 from CNY 132,979,155.16 in Q3 2019, reflecting a growth of 8.0%[44]. - The company's equity attributable to shareholders reached CNY 1,733,769,552.03, with retained earnings of CNY 488,809,875.78[67]. Cash Flow - Net cash flow from operating activities was ¥33,899,513.03, down 39.93% compared to the previous year[9]. - Net cash flow from operating activities increased by 66.55% to ¥174,972,731.45 compared to ¥105,060,029.55 in the previous year, attributed to revenue growth[22]. - Cash inflow from operating activities reached ¥991,935,921.65, an increase of 16.7% compared to ¥849,898,708.42 in the previous period[58]. - Net cash flow from operating activities for the third quarter was ¥194,142,702.14, an increase of 63.6% compared to ¥118,624,275.89 in the prior period[62]. - Net cash flow from investment activities was -¥423,144,061.22, worsening from -¥213,129,213.18 in the prior period[59]. Shareholder Information - The company reported a total of 15,312 common shareholders at the end of the reporting period[13]. - The top shareholder, Cheng Zhongfa, holds 47.37% of the shares, totaling 102,319,200 shares[13]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[15]. Research and Development - Research and development expenses rose by 41.28% to ¥46,823,260.70 from ¥33,142,045.54, reflecting increased investment in R&D[20]. - Research and development expenses for Q3 2020 were CNY 14,659,495.88, up 31.5% from CNY 11,155,278.81 in Q3 2019[44]. Investment Activities - Trading financial assets increased by 193.70% to ¥467,729,548.25 from ¥159,254,365.58, mainly due to increased investments in financial products[19]. - The company reported a 75.35% increase in investment income to ¥2,896,788.28 from ¥1,651,956.85, primarily due to increased financial investments[20]. - The company has invested CNY 237,220,202.16 in construction projects, an increase from CNY 192,941,199.71, indicating a growth of approximately 23%[36]. - The company’s long-term equity investments increased to CNY 135,136,425.28 from CNY 35,136,425.28, representing a growth of about 284%[40]. Regulatory and Compliance - The company received a notice of investigation from the China Securities Regulatory Commission for alleged misleading statements, which concluded with a notification of case closure[24]. - The report for the third quarter was not audited, indicating a preliminary financial position[72].