Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,712,661,644.47, representing a 51.31% increase compared to ¥1,131,894,529.43 in the same period last year[22]. - Net profit attributable to shareholders decreased by 51.85% to ¥82,639,571.63 from ¥171,634,033.91 year-on-year[22]. - The net cash flow from operating activities fell by 67.65% to ¥91,624,521.62, down from ¥283,255,367.59 in the previous year[22]. - Basic and diluted earnings per share dropped by 63.89% to ¥0.7292 from ¥2.0192 in the same period last year[22]. - The weighted average return on equity decreased to 6.26%, down from 23.42% in the previous year, a decline of 17.16%[22]. - Total assets increased by 6.49% to ¥1,504,341,845.57 compared to ¥1,412,653,504.03 at the end of the previous year[22]. - Net assets attributable to shareholders rose by 2.92% to ¥1,316,572,586.34 from ¥1,279,266,348.31 at the end of the previous year[22]. Investment and Development - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has not disclosed any significant new product developments or market expansion strategies in the report[22]. - Research and development investment increased by 15.08% to ¥9,783,002.87 from ¥8,501,290.67, reflecting the company's commitment to technological advancement[46]. - The company is actively pursuing market expansion and technological innovation through its various projects and investments[70]. - The company has committed to a new product development strategy focusing on precious metal materials, with an annual production target of 10 tons[70]. Operational Strategy - The main business segments include precious metal recovery, new materials, and trade, focusing on the recovery of platinum, palladium, rhodium, and silver from secondary resources[30]. - The company has established stable procurement relationships with waste-producing enterprises in the petrochemical and fine chemical industries, ensuring a steady supply of raw materials[32]. - The company utilizes a direct sales model for its precious metals, ensuring strong liquidity in the market[33]. - The company has formed long-term partnerships with major petrochemical companies, enhancing its competitive position in the industry[34]. - The company’s operational model includes both self-produced and commissioned processing, allowing flexibility in service offerings[32]. Financial Management - The company reported a total non-operating income of 10,078,407.48, with government subsidies contributing 5,366,542.60[26]. - The company reported a loss of -1.91 from other non-operating income and expenses, indicating a need for careful management of non-core activities[27]. - The company’s total investment income from asset management was 4,292,500.00, reflecting its strategic investment initiatives[26]. - The company has established strong partnerships with major clients, including Sinopec and PetroChina, enhancing its competitive position in the market[43]. - The company has been recognized as a strategic partner by China Petroleum and Chemical Corporation since 2012, indicating its strong market presence[43]. Market Conditions and Risks - The report highlights potential risks and uncertainties in future projections, emphasizing the need for investors to be aware of investment risks[3]. - The precious metal recovery business is significantly impacted by market price fluctuations, which can affect the company's profitability[81]. - The company faces risks related to its concentration on major partners like Sinopec and PetroChina, which could impact operations if their business conditions change[81]. - Environmental regulations are tightening, which could increase operational costs and affect project returns, but the company benefits from being compliant with these regulations[83]. Corporate Governance and Compliance - The company has established a comprehensive quality management and customer service system to ensure product compliance with customer requirements[40]. - The company has received various certifications, including ISO9001 and ISO14001, establishing a strong brand reputation in the precious metals market[40]. - The company has implemented pollution control facilities that are designed, constructed, and put into operation simultaneously with the main project, ensuring compliance with environmental standards[95]. - The company has received no administrative penalties for environmental issues during the reporting period[97]. - The company emphasizes employee training and has established a specialized training system to enhance employee skills and career development[99]. Financial Position and Assets - Cash and cash equivalents decreased to ¥58,326,317.7, representing 3.88% of total assets, down from 11.33%, a decrease of 7.45%[51]. - Accounts receivable increased to ¥142,086,011, accounting for 9.45% of total assets, up from 2.76%, an increase of 6.69%[51]. - Inventory decreased to ¥532,556,601, making up 35.40% of total assets, down from 40.00%, a decrease of 4.60%[51]. - The company reported a significant increase in long-term equity investments to ¥14,075,447.4, representing 0.94% of total assets, up from 0.93%[51]. - The company's total assets as of June 30, 2022, were CNY 1,504,341,845.57, compared to CNY 1,412,653,504.03 at the beginning of the year, reflecting a growth of approximately 6.5%[147]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,603[131]. - The largest shareholder, Xia Jun, holds 39.01% of the shares, totaling 44,208,830 shares[131]. - The company issued 1,321,683 shares during the initial public offering on January 17, 2022[129]. - The company experienced a decrease of 836,883 shares in restricted shares, resulting in a new total of 87,712,516 restricted shares[128]. - The company has no ongoing share repurchase programs or significant changes in shareholding structure[130].

Financial Performance - The company's operating revenue for 2021 was ¥2,236,758,607.10, representing a 107.90% increase compared to ¥1,075,894,598.45 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥246,398,177.37, up 103.22% from ¥121,245,534.80 in 2020[19]. - The net cash flow from operating activities increased by 298.62% to ¥100,556,346.47 in 2021, compared to ¥25,226,311.38 in 2020[19]. - The total assets at the end of 2021 reached ¥1,412,653,504.03, a growth of 78.39% from ¥791,877,751.62 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥2.5453, reflecting a 78.44% increase from ¥1.4264 in 2020[19]. - The weighted average return on equity for 2021 was 27.97%, an increase of 3.76% from 24.21% in 2020[19]. - The company's total revenue for 2021 reached ¥2,236,758,607.10, representing a 107.90% increase compared to ¥1,075,894,598.45 in 2020[74]. - Precious metal recovery contributed ¥1,323,316,386.06, accounting for 59.16% of total revenue, with a year-on-year growth of 116.83%[74]. - The sales volume of precious metal recovery increased by 91.21% to 183,467.33 kg in 2021, driven by a significant rise in the processing of silver-containing waste catalysts[78][79]. - The company achieved a gross margin of 22.40% in the precious metal recovery segment, a decrease of 3.68% from the previous year[77]. Research and Development - The company is actively engaged in the research and development of new technologies and products in the precious metals sector[12]. - The company has ongoing research projects aimed at improving the recovery efficiency of various precious metals, including rhodium and platinum[88]. - Research and development expenses rose by 93.49% year-over-year to ¥12,619,495.05, driven by the development of new raw materials and product recovery technologies[87]. - The total amount of research and development investment in 2021 was ¥63,276,236.41, representing 2.83% of operating revenue[89]. - The number of R&D personnel increased by 8.70% to 25, with a slight decrease in the proportion of R&D personnel to total staff[89]. Market Position and Strategy - The company is focused on the recovery and recycling of precious metals, which includes platinum, palladium, and rhodium, among others[12]. - The company plans to continue expanding its market presence and investing in new product development in the precious metal recycling sector[29]. - The company is positioned as a leading enterprise in the recycling of major resources such as waste metals, plastics, and electronic products[34]. - The company has established long-term partnerships with major petrochemical companies such as Sinopec and CNOOC, enhancing its competitive position in the industry[52]. - The company is focused on expanding its market presence and enhancing its technological capabilities in the precious metal recycling industry[46]. Environmental and Social Responsibility - The company has a commitment to environmental and social responsibility as part of its operational strategy[15]. - The company emphasizes social responsibility, protecting the rights of shareholders, employees, customers, and suppliers while integrating social responsibility into its development strategy[184]. - The company actively engages in green innovation and adheres to national environmental policies, contributing to sustainable development[186]. - The company has implemented pollution control facilities that are designed, constructed, and operated simultaneously with the main project, ensuring compliance with production scale[182]. - The company has obtained hazardous waste operation permits and discharge permits, strictly adhering to environmental impact assessments and approvals during project construction and operation[183]. Governance and Management - The company maintains a robust governance structure with clear separation from its controlling shareholders, ensuring operational independence[129]. - The company has established independent financial and operational systems, allowing for autonomous decision-making and management[133]. - The company has a board of directors with members serving terms from 2021 to 2024[140]. - The company has established a compensation and assessment committee to determine remuneration plans based on job responsibilities and performance[153]. - The company has a structured approach to managing potential conflicts of interest among its major shareholders and subsidiaries[193]. Financial Management and Investment - The company has committed to investing CNY 47,085.1 million in total, with CNY 22,270.9 million already invested by the end of the reporting period[108]. - The company has utilized 100% of the funds allocated for working capital, amounting to CNY 19,900 million[108]. - The company has adjusted the implementation of the new precious metal new material construction project to existing factory locations, optimizing resource use[111]. - The company has reported a total distributable profit of 246,398,177.37 CNY for the reporting period[169]. - The company has established a comprehensive internal control system in accordance with regulatory requirements[174]. Risks and Challenges - The company has outlined potential risks in its future development outlook, which may affect its operational strategies[6]. - The company faces risks related to price fluctuations in the precious metals market, which can significantly impact its operating performance[123]. - The company is exposed to market risks due to increasing competition from global leaders in the precious metals recycling industry[124]. - Stricter environmental regulations may increase operational costs and extend investment recovery periods, affecting the company's performance[125]. Shareholder Engagement - The annual shareholder meeting had a 100% investor participation rate on March 27, 2021[137]. - The first extraordinary shareholder meeting in 2021 had a 56.05% investor participation rate on September 10, 2021[138]. - The company has committed to avoiding competition with its own subsidiaries and ensuring no direct or indirect involvement in competing businesses[193]. - The company has reported normal compliance with all commitments related to share repurchase and lock-up arrangements[191].

Revenue and Profit - The company's revenue for Q1 2022 reached ¥941,432,329.87, representing a 100.86% increase compared to ¥468,702,643.28 in the same period last year[3] - Net profit attributable to shareholders was ¥46,345,338.58, a decrease of 34.75% from ¥71,023,722.03 in the previous year[9] - The total operating revenue for Q1 2022 was CNY 941,432,329.87, a significant increase from CNY 468,702,643.28 in the same period last year, representing a growth of approximately 100.5%[18] - Operating profit for the first quarter was CNY 52,882,599.16, down from CNY 79,166,575.71, reflecting a decline of 33.3% year-over-year[20] - The total profit for the first quarter was CNY 53,270,948.67, down from CNY 79,166,787.71, indicating a decline of 32.7% year-over-year[20] Cash Flow and Operating Activities - The net cash flow from operating activities was ¥81,004,783.55, down 65.04% from ¥231,735,325.95 in the same period last year[3] - Cash flow from operating activities generated a net amount of CNY 81,004,783.55, down 65.0% from CNY 231,735,325.95 in the same quarter last year[24] - Investment activities resulted in a net cash outflow of CNY 70,777,066.84, compared to a net outflow of CNY 93,788,795.92 in the previous year[24] - The company received CNY 553,650,000.00 from investment recoveries, significantly higher than CNY 100,000.00 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,374,913,797.42, a decrease of 2.67% from ¥1,412,653,504.03 at the end of the previous year[4] - The total liabilities decreased to CNY 49,302,110.53 from CNY 133,387,155.72, indicating a reduction of approximately 63.1%[16] - The total equity attributable to shareholders increased to CNY 1,325,611,686.89 from CNY 1,279,266,348.31, showing a growth of about 3.6%[17] Costs and Expenses - The company's gross profit margin decreased to 3.56% from 11.89%, a decline of 8.33 percentage points[3] - The company's operating costs increased by 125.77% to ¥884,722,300.20 due to higher revenue scale[9] - The total operating costs for Q1 2022 amounted to CNY 892,347,210.80, compared to CNY 400,682,788.15 in Q1 2021, indicating an increase of about 122.3%[18] - Research and development expenses for Q1 2022 were CNY 2,423,858.17, compared to CNY 3,502,184.70 in the previous year, indicating a decrease of about 30.8%[18] - The company reported other income of CNY 480,000.00 for Q1 2022, down from CNY 2,235,535.01 in the same period last year, representing a decline of approximately 78.5%[18] Inventory and Receivables - The company's inventory at the end of Q1 2022 was CNY 410,630,819.10, down from CNY 565,000,058.08 at the beginning of the year, reflecting a decrease of approximately 27.3%[15] - The accounts receivable increased to CNY 52,735,138.13 from CNY 38,924,716.21, indicating a growth of about 35.4%[15] Earnings Per Share - The company's basic earnings per share decreased by 51.07% to ¥0.4089 from ¥0.8356 in the previous year[9] - Basic and diluted earnings per share were CNY 0.4089, a decrease from CNY 0.8356 in the same quarter last year[21] Other Financial Metrics - The company reported a 195.57% increase in fair value gains to ¥7,433,337.72, attributed to increased returns from financial management and futures[9] - The company experienced a 69.97% decrease in contract liabilities, down to ¥14,560,313.73 from ¥48,480,520.70, indicating reduced pre-sales[8] - The company’s short-term borrowings were fully repaid, resulting in a 100% decrease from ¥38,596,861.33[8] - The company incurred a credit impairment loss of CNY -1,786,542.10, compared to a gain of CNY 1,794,723.40 in the previous year[20]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥460,851,041.64, representing a year-on-year increase of 105.03%[3] - The net profit attributable to shareholders was ¥45,936,313.29, up 42.95% compared to the same period last year[3] - The basic earnings per share increased to ¥0.4422, reflecting a growth of 16.94% year-on-year[3] - The total operating revenue for the third quarter of 2021 reached ¥1,592,745,571.07, a significant increase from ¥662,269,438.40 in the same period last year, representing a growth of approximately 140%[18] - The net profit attributable to the parent company was ¥217,570,347.20, up from ¥79,121,064.21, reflecting a growth of approximately 175% year-over-year[19] - Basic and diluted earnings per share were both ¥2.3831, compared to ¥0.9308 in the same period last year, marking an increase of about 156%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,293,338,814.93, a 63.33% increase from the previous year-end[4] - Current assets totaled CNY 1,087,393,346.15, up from CNY 601,924,852.30 at the end of 2020, indicating a growth of about 80.5%[15] - Cash and cash equivalents increased to CNY 138,926,462.41 from CNY 55,696,648.21, representing a growth of approximately 149.5%[15] - The company's total liabilities decreased to CNY 42,909,588.19 from CNY 230,397,807.51, a reduction of about 81.4%[17] - The total liabilities and equity amounted to ¥1,293,338,814.93, compared to ¥791,877,751.62 in the previous year, reflecting an increase of approximately 63%[18] Shareholders' Equity - The company's equity attributable to shareholders rose to ¥1,250,429,226.74, marking a 122.70% increase year-on-year[4] - Shareholders' equity rose to CNY 1,250,429,226.74, compared to CNY 561,479,943.11 at the end of 2020, marking an increase of approximately 123.4%[17] - The company reported a significant increase in capital reserves, which rose to CNY 567,328,996.85 from CNY 124,283,395.42, an increase of about 356.5%[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥202,451,318.30, reflecting a 27.35% increase[3] - The net cash flow from operating activities was ¥202,451,318.30, compared to ¥158,972,293.35 in the previous year, showing an increase of approximately 27%[22] - The company reported a net cash outflow from investing activities of ¥437,784,505.32, compared to a net outflow of ¥60,650,627.58 in the same period last year[22] - Cash and cash equivalents at the end of the period totaled ¥138,911,187.93, up from ¥245,632.71 at the end of the previous year[22] - The company received cash inflows from investment activities totaling ¥2,239,904,312.72, compared to ¥702,101,945.70 in the previous year, indicating a significant increase[22] - The company raised ¥510,850,012.02 from investment activities, compared to no inflow in the same period last year[22] Research and Development - Research and development expenses surged by 108.78% to ¥10,295,241.84, driven by the development of new materials and recycling technologies[9] Future Outlook - Future outlook remains optimistic with a focus on market expansion and potential mergers and acquisitions[14] Other Information - The company has not reported any new product launches or technological advancements in this quarter[14] - The third quarter report for XuZhou HaoTong New Materials Technology Co., Ltd. has not been audited[24] - The company began implementing the new leasing standards in 2021, with retrospective adjustments to prior comparative data[24] - The report was released on October 25, 2021, by the legal representative, Xia Jun[25]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2021, representing a 25% year-over-year growth[17]. - The company's operating revenue for the current reporting period reached ¥1,131,894,529.43, representing a year-on-year increase of 158.72% compared to ¥437,493,962.40 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥171,634,033.91, marking a significant increase of 265.29% from ¥46,985,419.42 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥168,726,915.53, which is an increase of 297.79% compared to ¥42,416,183.04 in the same period last year[23]. - The net cash flow from operating activities was ¥283,255,367.59, up 118.13% from ¥129,858,816.18 in the previous year[23]. - The company reported a basic earnings per share of ¥2.0195, which is a 265.32% increase from ¥0.5528 in the same period last year[23]. - The company reported a total revenue of CNY 30,293.81 million, with a net loss of CNY 494.77 million for the reporting period[63]. - The net profit for the first half of 2021 was CNY 171,634,033.91, compared to CNY 46,985,419.42 in the previous year, indicating an increase of about 264%[139]. Market Expansion and Strategy - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends[17]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with an estimated investment of 100 million RMB for market entry strategies[17]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's production capacity by 40%[17]. - The company plans to invest 30 million RMB in R&D for innovative recycling technologies aimed at improving efficiency in precious metal recovery[17]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[161]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[157]. Research and Development - Research and development investment increased by 133.88% to ¥8,501,290.67, driven by the development of new raw materials and recycling technologies[47]. - The company has invested significantly in technology upgrades, with core technologies such as platinum dissolution liquid enrichment being at a leading level domestically[40]. - The company aims to increase its R&D investment by 46.9% in the upcoming fiscal year to foster innovation[157]. - Research and development expenses for the first half of 2021 were CNY 8,501,290.67, compared to CNY 3,634,827.68 in the first half of 2020, indicating an increase of about 134.5%[138]. Financial Position and Assets - The total assets of the company have increased to 1.2 billion RMB, reflecting a 10% growth compared to the end of 2020[17]. - The total assets at the end of the reporting period amounted to ¥856,503,197.35, reflecting an increase of 8.16% from ¥791,877,751.62 at the end of the previous year[23]. - The company's total assets as of June 30, 2021, amounted to CNY 856,258,033.68, compared to CNY 789,897,751.60 at the end of 2020, reflecting an increase of about 8.4%[135]. - The company's cash and cash equivalents increased to RMB 76.11 million from RMB 55.70 million, reflecting a growth of approximately 36.6%[129]. - The company's inventory decreased to CNY 304,992,522.24 as of June 30, 2021, down from CNY 346,643,810.36 at the end of 2020, a decline of approximately 12%[134]. Operational Efficiency - The gross profit margin for the first half of 2021 was reported at 35%, a slight increase from 32% in the same period last year[17]. - The gross profit margin for precious metal recovery was 34.37%, with a year-on-year increase of 10.43%[49]. - The company's production lines have achieved full automation and closed production processes, reaching advanced industry standards[43]. - The company has established a stable supply chain for raw materials, primarily sourcing from waste-producing enterprises in the petrochemical and fine chemical industries[34]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility, ensuring the protection of shareholder and creditor rights, and has established a governance structure in compliance with relevant laws[81]. - Employee welfare is prioritized, with regular health check-ups and a structured training system to enhance employee skills and career development[82]. - The company has established an employee stock ownership plan to enhance employee commitment and align interests with future company performance[73]. - The company actively engages in green and sustainable practices, contributing to environmental protection and resource conservation[83]. Compliance and Legal Matters - The financial report was approved by the board on August 25, 2021, indicating a commitment to transparency and compliance with accounting standards[166]. - There were no administrative penalties due to environmental issues during the reporting period[79]. - The company has obtained necessary environmental permits, including hazardous waste operation permits and pollutant discharge permits, and adheres to environmental impact assessments[77]. - There were no significant legal disputes or arbitration matters during the reporting period[92]. Risks and Challenges - The company faces market competition risks as global leaders in precious metals are increasingly entering the domestic market, intensifying competition[64]. - Environmental policy changes pose a risk to operational costs and investment recovery periods, potentially affecting overall performance[65]. - The company’s precious metal recovery business primarily collaborates with major entities like Sinopec and PetroChina, indicating a concentration risk in its operations[64].