Financial Performance - The company's revenue for Q1 2023 was ¥313,995,716.04, a decrease of 3.97% compared to ¥326,993,056.11 in the same period last year[5] - The net profit attributable to shareholders was -¥125,052.85, representing a decline of 100.47% from ¥26,564,880.29 in Q1 2022[5] - The company's operating income decreased due to a reduction in sales volume, with operating costs slightly increasing by 0.05%[8] - The net profit margin declined significantly, attributed to a decrease in gross profit margin[8] - Total operating revenue for Q1 2023 was CNY 313,995,716.04, a decrease of 3.06% compared to CNY 326,993,056.11 in Q1 2022[19] - Net profit for Q1 2023 was a loss of CNY 125,052.85, compared to a net profit of CNY 26,564,880.29 in Q1 2022[21] Cash Flow - The net cash flow from operating activities improved by 55.59%, reaching -¥23,759,394.13 compared to -¥53,497,921.13 in the previous year[5] - The company's cash flow from operating activities showed a significant decline, with a net cash outflow reported[22] - Cash inflow from operating activities totaled $177,045,136.26, an increase of 5.3% compared to $168,555,190.33 in the previous period[23] - Cash outflow from operating activities was $200,804,530.39, down 9.6% from $222,053,111.46 in the previous period[23] - Net cash flow from operating activities improved to -$23,759,394.13, a significant reduction from -$53,497,921.13 in the previous period[23] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,950,647,226.80, an increase of 1.85% from ¥1,915,186,656.57 at the end of the previous year[5] - Total liabilities rose to CNY 410,634,989.47 in Q1 2023, up from CNY 376,131,304.52 in the same period last year, marking an increase of 9.15%[18] - The total current assets amounted to ¥617,059,010.69, up from ¥547,523,160.04, marking an increase of about 12.6%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,321[11] - The largest shareholder, Yang Hanzhou, holds 35.23% of the shares, totaling 35,227,766 shares[11] - The total number of shares with no restrictions held by the top ten shareholders is 58,884,470 shares[14] - The company has no preferred shareholders as per the report[13] - The total number of restricted shares held by major shareholders is set to be released on July 29, 2024[13] - The company has no shareholders participating in margin trading[12] Expenses - The company's short-term borrowings increased by 35.22% to ¥21,221.33 from ¥15,694.39[7] - The company experienced a 114.08% increase in financial expenses, primarily due to higher interest expenses on bank loans[8] - Research and development expenses for Q1 2023 were CNY 12,593,127.64, down 11.97% from CNY 14,310,462.24 in Q1 2022[19] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[22]

Financial Performance - The company's operating revenue for 2022 was ¥1,270,705,476.24, a decrease of 4.89% compared to ¥1,336,104,395.88 in 2021 [24]. - The net profit attributable to shareholders for 2022 was ¥28,659,198.21, down 69.92% from ¥95,268,437.53 in 2021 [24]. - The basic earnings per share for 2022 was ¥0.29, a decline of 74.11% from ¥1.12 in 2021 [24]. - The total assets at the end of 2022 were ¥1,915,186,656.57, a decrease of 1.28% from ¥1,939,936,093.31 at the end of 2021 [24]. - The weighted average return on equity for 2022 was 1.84%, down from 7.20% in 2021 [24]. - The gross profit margin for fine chemicals was 9.98%, down 7.61% year-on-year, while the gross profit margin for other products was 17.79%, down 20.86% [69]. - The company reported a total revenue of 42.54 million in 2022, maintaining the same level as the previous year [139]. Cash Flow and Investments - The cash flow from operating activities for 2022 was ¥10,035,236.33, a significant improvement from a negative cash flow of ¥106,388,842.98 in 2021 [24]. - The net cash flow from operating activities improved significantly to ¥10,035,236.33 in 2022, compared to a loss of ¥106,388,842.98 in 2021, marking a 109.43% turnaround [82]. - Investment cash outflow decreased by 79.68% from ¥65,277,605.86 in 2021 to ¥13,262,717.55 in 2022 [82]. - The net cash flow from financing activities showed a significant decline, with a net outflow of ¥1,868,686.37 in 2022 compared to a net inflow of ¥159,153,558.02 in 2021, a change of 101.17% [82]. - The total cash and cash equivalents decreased by 78.76% to -¥2,417,051.59 in 2022, compared to -¥11,381,175.71 in 2021 [82]. Market and Industry Trends - The pigment industry in China is expected to continue growing due to rapid economic development and industrial upgrades [36]. - The demand for environmentally friendly and high-performance pigments is increasing, driven by higher safety and environmental standards in downstream industries [38]. - The pigment industry in China is characterized by low concentration, with many manufacturers and significant technical differences, leading to intense competition and compressed profit margins [39]. - Environmental and safety regulations are becoming increasingly stringent, necessitating product and process upgrades in the pigment manufacturing industry [40]. - The trend is shifting from general-purpose pigments to specialized pigments, driven by diverse customer requirements for durability and performance [42]. Research and Development - The company is actively developing functional specialty pigments to meet the growing demand for specialized applications across various industries [48]. - The company is enhancing its R&D capabilities, particularly in high-performance pigments, to strengthen its competitive position in the market [41]. - The company’s R&D expenses were ¥53,863,668.82, a decrease of 4.58% compared to ¥56,448,122.87 in 2021 [77]. - The number of R&D personnel increased by 14.57% from 151 in 2021 to 173 in 2022, with the proportion of R&D staff rising from 14.60% to 17.08% [80]. - The R&D projects include the development of high-gloss low-viscosity phthalocyanine blue and the deep treatment technology for chlorinated wastewater, aimed at improving product quality and environmental sustainability [79][80]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [124]. - The supervisory board has 3 members, including 1 employee representative, meeting legal requirements [125]. - The company has established a comprehensive performance evaluation and incentive mechanism for directors and senior management, effectively aligning with its operational realities [126]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication of relevant information to shareholders [127]. - The company has a clear governance structure, with no significant discrepancies from regulatory requirements [130]. Risk Management - The company is committed to safety production, implementing strict safety management practices to mitigate risks associated with hazardous materials used in production [114]. - The company faces environmental risks due to potential penalties from regulatory bodies if it fails to meet increasing environmental standards, which could impact operational activities [113]. - The company has implemented a risk management strategy that includes continuous information collection and dynamic risk assessment to adjust response strategies accordingly [175]. Employee Management - The company has a total of 7,025 employees as of the reporting date [139]. - The employee composition includes 705 production personnel, 35 sales personnel, 173 technical personnel, 12 financial personnel, and 88 administrative personnel [160]. - The company conducted 58 training sessions in 2022, with a total of 3,868 participants, enhancing employee skills and capabilities [162]. - The company maintains a competitive salary structure and provides various employee benefits, including insurance and allowances [161]. Environmental Commitment - The company has established a comprehensive environmental management system (ISO 14001:2015) and has been recognized as a green-rated enterprise by the Jiangsu Provincial Environmental Protection Department [53]. - The company is committed to green development and has made continuous investments in environmental protection and process optimization [62]. - The company emphasizes sustainable development and has increased investment in safety and environmental protection measures, aiming to enhance the effectiveness of safety and environmental facilities [110]. Shareholder Relations - The company has established a robust communication mechanism with investors to enhance transparency and protect the interests of minority shareholders [63]. - The annual shareholders' meeting had a participation rate of 60.74% [137]. - The company emphasizes the development of environmentally friendly and high-performance organic pigments to enhance its product offerings [106].

Financial Performance - The company's revenue for Q3 2022 was ¥318,451,020.28, a decrease of 0.10% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥10,928,322.72, down 74.55% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was a loss of ¥11,920,787.65, a decrease of 67.16% compared to the previous year[5]. - The total revenue for the first nine months was ¥952,211,432.06, down 10.05% from ¥1,058,622,234.39 in the same period last year[10]. - The company’s net profit for the first nine months was ¥16,783,087.69, a decrease of 78.74% compared to the same period last year[10]. - The net profit for Q3 2022 was CNY 16,783,087.69, a decrease of 78.7% compared to CNY 78,944,029.10 in Q3 2021[22]. - Operating profit for Q3 2022 was CNY 17,549,329.38, down 81.5% from CNY 95,141,210.82 in the same period last year[22]. - Total comprehensive income for Q3 2022 was CNY 16,783,087.69, a decrease of 78.7% compared to CNY 78,944,029.10 in the same period last year[23]. Cash Flow and Assets - The operating cash flow net amount for the first nine months was ¥39,076,281.01, an increase of 174.02% year-on-year[11]. - The company reported a significant increase in cash flow from operating activities due to an increase in sales and discounting of bank bills[11]. - The company's cash and cash equivalents increased to CNY 34,073,735.08 as of September 30, 2022, compared to CNY 16,418,216.20 at the beginning of the year, representing a growth of 107.5%[18]. - Accounts receivable rose to CNY 190,187,526.17, an increase of 17.7% from CNY 162,863,874.69 at the start of the year[19]. - Inventory decreased slightly to CNY 224,984,030.94 from CNY 228,015,578.90, reflecting a decline of 1.3%[19]. - Total assets at the end of the reporting period were ¥1,906,501,353.42, a decrease of 1.72% from the end of the previous year[5]. - Total assets as of September 30, 2022, were CNY 1,906,501,353.42, down from CNY 1,939,936,093.31 at the beginning of the year, a decrease of 1.7%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,848[13]. - The largest shareholder, Yang Hanzhou, holds 35.23% of shares, totaling 35,227,766 shares[13]. - The second largest shareholder, Taizhou Tongying Investment Management Center, holds 4.56% of shares, totaling 4,555,679 shares[13]. - The company has a total of 4,049,493 shares held by multiple investment management centers, each representing 4.05% of shares[13]. - The total number of shares with limited sale conditions for Yang Hanzhou is 35,227,766, with no shares released during the period[16]. - The company plans to release shares for Ningbo Meishan Free Trade Port Area Chengyuyuan Equity Investment Fund on July 29, 2022, totaling 2,142,857 shares[16]. - The company has a total of 1,785,714 shares held by Ningbo Meishan Free Trade Port Area Guangyuhui Cheng Equity Investment Fund, which will also be released on July 29, 2022[16]. Liabilities and Equity - The total liabilities increased to CNY 380,640,776.05 from CNY 352,449,560.89, representing an increase of 8.0%[20]. - The equity attributable to shareholders decreased to CNY 1,525,860,577.37 from CNY 1,587,486,532.42, a decline of 3.9%[20]. - The company experienced a 123.35% increase in short-term borrowings, totaling ¥152,285,009.82, primarily due to increased bank loans[9]. - Short-term borrowings increased significantly to CNY 152,285,009.82 from CNY 68,182,902.08, marking a rise of 123.8%[19]. Research and Development - Research and development expenses amounted to CNY 39,597,486.04, a decrease of 8.5% from CNY 43,244,966.10 in Q3 2021[22]. - The company has not disclosed any new product developments or market expansion strategies in this report[19]. - The company has not disclosed any new strategies or product developments mentioned in the provided documents[14][15]. - There are no indications of market expansion or mergers and acquisitions in the current reporting period[14][15]. - The company has not disclosed any future performance guidance or outlook in the provided documents[14][15].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥633,760,411.78, a decrease of 14.34% compared to ¥739,861,240.40 in the same period last year[23]. - The net profit attributable to shareholders was ¥27,711,410.41, down 67.48% from ¥85,204,913.08 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥11,420,136.73, representing an 86.19% decline from ¥82,685,944.12 in the previous year[23]. - The basic and diluted earnings per share were both ¥0.28, a decrease of 75.44% compared to ¥1.14 in the same period last year[23]. - The company's operating revenue for the reporting period was CNY 633.76 million, a decrease of 14.34% compared to CNY 739.86 million in the same period last year[57]. - The company's operating costs decreased by 1.43% to CNY 557.98 million from CNY 566.08 million year-on-year[57]. - The company achieved a net cash flow from financing activities of CNY 47.09 million, an increase of 258.83% compared to CNY 13.12 million in the previous year[58]. - The total comprehensive income for the period was CNY 73.08 million, compared to CNY 48.35 million in the same period last year, indicating a 51% increase[169]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥241,442.23, a significant increase of 105.33% from a negative cash flow of ¥4,527,503.68 in the previous year[23]. - The company's cash and cash equivalents increased to approximately ¥22.55 million, representing 1.15% of total assets, an increase of 0.30%[64]. - The company reported a significant increase in inventory, with total inventory amounting to approximately ¥311.59 million, representing 15.83% of total assets, an increase of 4.08%[64]. - The company's total assets at the end of the reporting period were ¥1,968,081,737.12, an increase of 1.45% from ¥1,939,936,093.31 at the end of the previous year[23]. - The company's current assets increased to RMB 561,948,263.00 from RMB 498,139,106.65 at the beginning of the year, reflecting a growth of approximately 12.7%[157]. - The inventory value rose significantly to RMB 311,592,857.07, up from RMB 228,015,578.90, indicating a growth of about 36.7%[157]. Research and Development - Research and development investment was CNY 27.07 million, down 9.49% from CNY 29.91 million in the previous year[58]. - The company has allocated CNY 63 million for research and development in new technologies during this period[179]. - Research and development expenses for the first half of 2022 were CNY 27,071,062.20, a decrease of 9.5% from CNY 29,908,601.46 in the first half of 2021[165]. Market and Product Development - The company primarily engages in the research, production, and sales of phthalocyanine and chromium pigments, which are used in inks, coatings, and plastics[31]. - The company has seen a steady growth in demand for its phthalocyanine pigments, driven by the increasing needs in various industries such as inks, coatings, and plastics[41]. - The company plans to enhance brand influence and expand into international markets to mitigate risks associated with product demand[87]. - The company aims to innovate in product development and technology to meet evolving market demands[143]. Environmental and Safety Compliance - The company has established a comprehensive environmental management system (ISO14001:2015) and has been recognized as a green-rated enterprise by the Jiangsu Provincial Environmental Protection Department[51]. - The company has a wastewater treatment capacity of 12,000 m³/d, with actual treatment at 3,300 m³/d, indicating a utilization rate of approximately 27.5%[100]. - The company reported that the chemical oxygen demand (COD) concentration for wastewater is 214.04 mg/L, well below the regulatory limit of 500 mg/L[100]. - The company has conducted regular emergency drills based on its environmental risk response plans[104]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The total number of ordinary shareholders at the end of the reporting period was 9,798[142]. - Yang Hanzhou holds 35.23% of the shares, totaling 35,227,766 shares[143]. - The company has not engaged in any major related party transactions during the reporting period[118]. Risks and Challenges - The company faces environmental risks due to the production of waste, which may lead to penalties if environmental standards are not met[84]. - Market risks arise from fluctuations in raw material prices, which could impact cost control and profitability if not managed effectively[86]. - The ongoing COVID-19 pandemic poses uncertainties that could adversely affect the company's operations and sales[89].

Financial Performance - The company's revenue for Q1 2022 was ¥326,993,056.11, a decrease of 14.01% compared to ¥380,265,654.52 in the same period last year[3] - Net profit attributable to shareholders was ¥26,564,880.29, down 40.15% from ¥44,385,806.31 year-on-year[3] - The company reported a basic earnings per share of ¥0.27, a decrease of 54.24% from ¥0.59 in the previous year[3] - Total operating revenue for Q1 2022 was ¥326,993,056.11, a decrease of 14.0% compared to ¥380,265,654.52 in the same period last year[19] - Net profit for Q1 2022 was ¥26,564,880.29, representing a decline of 40.1% from ¥44,385,806.31 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both ¥0.27, down from ¥0.59 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥53,497,921.13, a decline of 367.40% compared to -¥11,445,853.81 in Q1 2021[7] - Cash inflow from operating activities totaled ¥168,555,190.33, compared to ¥212,317,946.82 in the previous year[22] - The company's cash flow from other operating activities was ¥14,829,883.91, compared to ¥7,315,651.07 in the same period last year[22] - The net cash flow from investment activities was -8,594,070.63, compared to -675,464.53 in the previous year, showing a worsening investment position[24] - The net cash flow from financing activities increased to ¥66,654,236.21 from ¥13,673,804.72, suggesting improved financing conditions despite lower inflows[24] - The total cash and cash equivalents at the end of the period were ¥20,960,078.73, down from ¥29,426,554.09 year-over-year[24] - The company reported a total cash outflow from operating activities of 222,053,111.46, slightly lower than 223,763,800.63 in the previous year[24] - The cash flow from financing activities included a repayment of debts amounting to ¥10,000,000.00, significantly lower than ¥132,225,011.70 in the previous year[24] - The company experienced a foreign exchange impact on cash and cash equivalents of -20,381.92, contrasting with a positive impact of 74,675.80 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,001,677,505.41, an increase of 3.18% from ¥1,939,936,093.31 at the end of the previous year[3] - The company's total liabilities increased to ¥386,277,535.79 from ¥352,449,560.89 year-over-year[18] - The total equity attributable to shareholders of the parent company rose to ¥1,615,399,969.62 from ¥1,587,486,532.42 in the previous year[18] - The total current assets reached ¥577,659,645.05, up from ¥498,139,106.65, reflecting an increase of approximately 15.9%[16] - Non-current assets totaled ¥1,424,017,860.36, slightly down from ¥1,441,796,986.66, showing a decrease of about 1.2%[16] Operational Metrics - Total operating costs for Q1 2022 were ¥307,821,098.27, down 6.1% from ¥327,745,861.55 in the previous year[19] - Research and development expenses for Q1 2022 were ¥14,310,462.24, a decrease of 7.5% from ¥15,470,615.12 in Q1 2021[19] - The company's short-term borrowings increased by 69.75% to ¥115,738,438.17 from ¥68,182,902.08 at the end of the previous year[6] - Accounts receivable rose to ¥194,777,862.80, up from ¥162,863,874.69, indicating an increase of about 19.6%[16] - Inventory levels increased to ¥264,169,784.12 from ¥228,015,578.90, representing a growth of approximately 15.9%[16] Shareholder Information - The company reported a total of 76,289,954 shares with lock-up restrictions, with the majority set to be released on July 28, 2022, and July 28, 2024[12] - The company has a significant amount of limited shares held by major shareholders, including Yang Hanzhou with 35,227,766 shares[12] Future Outlook - The company is focused on maintaining its market position and exploring new strategies for growth, although specific future outlooks were not detailed in the provided documents[14] Government Support - The company received government subsidies amounting to ¥15,378,264.01 during the quarter[5] Audit Information - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[25]

Financial Performance - The company's operating revenue for 2021 was ¥1,336,104,395.88, a decrease of 1.34% compared to ¥1,354,232,159.39 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥95,268,437.53, down 39.74% from ¥158,093,561.56 in 2020[17]. - The net cash flow from operating activities was negative at ¥106,388,842.98, a decline of 207.38% compared to ¥99,076,784.26 in 2020[17]. - The total assets at the end of 2021 increased by 16.96% to ¥1,939,936,093.31 from ¥1,658,675,736.47 at the end of 2020[17]. - The net assets attributable to shareholders rose by 63.09% to ¥1,587,486,532.42 at the end of 2021, compared to ¥973,352,991.18 at the end of 2020[17]. - The basic earnings per share for 2021 was ¥1.12, a decrease of 46.92% from ¥2.11 in 2020[17]. - The weighted average return on equity for 2021 was 7.20%, down from 17.48% in 2020, reflecting a decline of 10.28%[17]. - The company reported a quarterly revenue of ¥380,265,654.52 in Q1 2021, which decreased to ¥277,482,161.49 in Q4 2021[19]. - The company experienced a net profit of ¥44,385,806.31 in Q1 2021, but reported a loss of ¥6,260,883.98 in Q3 2021[19]. Dividend Distribution - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares to all shareholders, based on a total of 100,000,000 shares[5]. - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders[5]. - The total distributable profits for the year were ¥426,149,562.67, with cash dividends fully accounting for the profit distribution[173]. Research and Development - The company reported a significant focus on research and development of new products and technologies, particularly in the field of pigments[12]. - The company is committed to expanding its product offerings and enhancing application performance through ongoing research and innovation[35]. - Research and development expenses rose by 7.61% to ¥56,448,122.87, driven by new projects and increased personnel[79]. - The company has increased its R&D personnel from 125 in 2020 to 151 in 2021, representing a growth of 20.80%[83]. - The company is developing high-performance filter membrane coloring agents, improving the value of chrome yellow products in high-end applications[82]. - The company has completed the development of easy-dispersible chrome yellow pigments, enhancing their application in coatings[80]. - The company has successfully developed a new type of phthalocyanine blue with improved dispersion and transparency for optical applications[82]. Market and Industry Trends - The pigment industry in China is expected to continue growing due to increasing demand for environmentally friendly and high-performance pigments[27]. - The pigment industry in China has seen significant improvements in product performance, quality, stability, and process, with production and sales ranking among the top globally, but the product structure remains unbalanced, with a predominance of low-value conventional varieties[31]. - The market for specialized pigments is expected to grow as customer demands for durability and specific performance characteristics continue to evolve[33]. - The company aims to develop environmentally friendly and high-performance organic pigments, focusing on high-tech and high-value specialty pigments[108]. Environmental and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, highlighting potential operational risks[5]. - The company is committed to compliance with REACH regulations, which govern the management of chemicals in the EU market[12]. - The company has established a comprehensive environmental management system and has been recognized as a "green credit rating enterprise" by the Jiangsu Provincial Environmental Protection Department[55]. - The company faces environmental risks due to potential penalties for failing to meet increasing environmental standards[115]. - The company emphasizes safety and environmental protection, implementing a comprehensive safety management system and increasing investment in safety measures[112]. Production and Operations - The company has implemented DCS and MES systems to enhance production efficiency and smart manufacturing levels[48]. - The production capacity utilization rates for key products are as follows: Phthalocyanine pigments at 74.91%, Chrome pigments at 82.24%, and Purple pigments at 88.39%[50]. - The company employs a self-production model, with strict quality inspections for each batch of products before they are stored and sold[47]. - Temporary production halts occurred due to energy consumption controls, but the company managed to meet market demand using existing inventory[51]. - The company has received environmental approval for a project to expand production capacity for copper chloride and aluminum chloride, with a total capacity of 9,000 tons per year[51]. Financial Management - The company has established a comprehensive internal control system covering all major business activities, ensuring effective governance and risk management[174][177]. - The company has implemented a performance evaluation system to guide decisions on compensation, talent selection, and team optimization[182]. - The company has a budget control system in place, detailing responsibilities and procedures for budget preparation, approval, and execution[183]. - The company has established strict approval systems for sales, collections, and revenue recognition to enhance operational control[186]. - The procurement and payment processes are standardized, ensuring supplier management and payment procedures are effectively controlled[187]. Corporate Governance - The company operates independently from its controlling shareholder, ensuring no interference in decision-making or operations[127]. - The company has a complete and independent asset structure, with clear ownership of all related assets[136]. - The company has a robust personnel management system, ensuring independence in hiring and compensation for its directors and senior management[137]. - The company has established a complete and independent financial accounting department, ensuring independent financial decision-making and management[138]. - The company has a fully independent corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, free from interference by controlling shareholders[139]. Employee Management - The total number of employees at the end of the reporting period was 1,034, with 684 in the parent company and 350 in major subsidiaries[166]. - The company conducted 65 training sessions throughout the year, with a total of 3,407 participants, enhancing employee skills and capabilities[169]. - The company has a competitive salary policy, providing various benefits including meal allowances, accommodation, holiday welfare, and annual health check-ups[167]. Future Outlook - In 2022, the company plans to enhance brand building and deepen domestic and international market penetration, aiming to improve market share[109]. - The company will continue to invest in R&D, focusing on specialized, high-performance, and environmentally friendly products[111]. - The company plans to leverage its strengths in niche markets to enhance product quality and expand brand influence[118].

Financial Performance - The company's revenue for Q3 2021 was ¥318,760,993.99, a decrease of 12.15% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥6,260,883.98, representing a decline of 112.81% year-over-year[3]. - The basic earnings per share for Q3 2021 was -¥0.07, a decrease of 110.77% year-over-year[3]. - The company's operating income for the first nine months of 2021 was ¥1,058,622,234.39, a growth of 9.29% year-over-year[9]. - Total operating revenue for the current period reached ¥1,058,622,234.39, an increase of 9.3% compared to ¥968,622,428.79 in the previous period[19]. - Net profit for the current period was ¥78,944,029.10, a decrease of 27.2% from ¥108,443,252.28 in the previous period[20]. - Basic and diluted earnings per share were both ¥0.98, down from ¥1.45 in the previous period[21]. Cash Flow - The net cash flow from operating activities was negative at ¥52,793,441.16, a decrease of 160.32% compared to the beginning of the year[3]. - Cash flow from operating activities generated a net outflow of ¥52,793,441.16, compared to a net inflow of ¥87,529,155.60 in the previous period[24]. - The net cash flow from financing activities was 101,241,885.22, compared to a negative cash flow of -33,925,143.05 in the previous period[25]. - The ending balance of cash and cash equivalents was 27,287,215.68, down from 57,840,217.69 at the end of the previous period[25]. - The net increase in cash and cash equivalents was -512,176.23, contrasting with an increase of 47,897,277.51 in the previous year[25]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,803,187,284.44, an increase of 8.71% from the end of the previous year[3]. - The company's total liabilities decreased significantly, with short-term borrowings down by 97.13% to ¥10,000,000.00[8]. - The company's total liabilities decreased to 230,970,907.01 yuan from 685,322,745.29 yuan in the previous year[16]. - The company's total assets as of September 30, 2021, amount to 1,803,187,284.44 yuan, an increase from 1,658,675,736.47 yuan at the end of 2020[16]. - The company's equity attributable to shareholders increased by 61.53% to ¥1,572,216,377.43 compared to the previous year[4]. - The total current assets are reported at 413,779,739.54 yuan, up from 376,837,743.90 yuan year-over-year[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,963[10]. - The largest shareholder, Yang Hanzhou, holds 35.23% of the shares, totaling 35,227,766 shares[10]. - The company has no preferred shareholders as of the reporting period[13]. Initial Public Offering (IPO) - The net proceeds from the initial public offering (IPO) were 51,843,000 yuan after deducting issuance costs[13]. - The company issued 25 million shares at a price of 23.38 yuan per share during the IPO[13]. - The company reported a significant increase in capital reserves by 94.29% to ¥1,016,764,175.14 due to the premium from the initial public offering[9]. Operating Costs and Expenses - Total operating costs amounted to ¥966,602,031.67, up 15.4% from ¥837,329,368.10 in the previous period[19]. - Research and development expenses increased to ¥43,244,966.10, up from ¥36,264,005.84 in the previous period, reflecting a focus on innovation[19]. Other Financial Information - The company reported a significant increase in investment income to ¥730,329.60 from ¥702,240.00 in the previous period[20]. - The cash inflow from financing activities totaled ¥857,071,562.95, significantly higher than the previous period's inflow of ¥398,882,840.00[24]. - The total cash outflow from financing activities amounted to 755,829,677.73, an increase from 432,807,983.05 in the prior period[25]. - The third-quarter report was not audited, which may affect the reliability of the financial data presented[26]. - The company did not apply the new leasing standards for the first time in 2021, indicating no adjustments to prior financial statements[26].

Financial Performance - The company reported a revenue of 100 million RMB for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders for the same period was 20 million RMB, up 10% compared to the previous year[15]. - The company's operating revenue for the reporting period was ¥739,861,240.40, representing a 22.13% increase compared to ¥605,790,387.16 in the same period last year[21]. - Net profit attributable to shareholders was ¥85,204,913.08, a 42.99% increase from ¥59,586,127.72 year-over-year[21]. - The net profit after deducting non-recurring gains and losses was ¥82,685,944.12, reflecting a 45.46% increase from ¥56,842,621.12 in the previous year[21]. - The basic earnings per share were ¥1.14, a 44.30% increase compared to ¥0.79 in the same period last year[21]. - The company reported a significant increase in sales revenue from 314,989,344.38 RMB in the first half of 2021, compared to 223,198,923.50 RMB in the same period of 2020, representing a growth of approximately 41.0%[157]. - Operating profit for the first half of 2021 was ¥105,018,179.78, an increase of 44.41% from ¥72,668,117.07 in the first half of 2020[147]. - The total profit for the first half of 2021 was ¥103,309,336.14, compared to ¥72,248,867.75 in the same period of 2020, reflecting a growth of 43.05%[147]. Research and Development - The company plans to invest 5 million RMB in R&D for new product development in the next fiscal year[15]. - Research and development expenses increased by 35.24% to ¥29,908,601.46, primarily due to an increase in R&D personnel and related activities[48]. - The company aims to enhance its market competitiveness by producing copper phthalocyanine, a key intermediate for its pigment production[31]. - The company focuses on personalized customization and the development of specialized pigments, enabling it to meet specific application requirements across different industries[41]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% market share by 2023[15]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence[15]. - The company has set up over ten sales offices nationwide, allowing for closer customer engagement and better understanding of market demands[34]. - The company plans to enhance brand influence and expand into international markets while responding to changing demands in the pigment industry[70]. Environmental Management - The company has established a comprehensive environmental management system (ISO 14001:2015) and has been recognized for its environmental protection efforts, enhancing its competitive advantage in the market[42]. - The company has implemented online monitoring for major discharge outlets, ensuring compliance with environmental standards[82]. - The company has developed various environmental management regulations, including those for air and wastewater emissions, to enhance its environmental protection efforts[87]. - The company has no recorded administrative penalties for environmental issues during the reporting period[87]. Financial Position and Cash Flow - The company's total assets at the end of the reporting period were ¥1,828,509,309.86, up 10.24% from ¥1,658,675,736.47 at the end of the previous year[21]. - The company's cash flow from operating activities showed a net outflow of ¥4,527,503.68, a significant decrease of 117.71% compared to a net inflow of ¥25,565,273.51 in the previous year[48]. - The ending balance of cash and cash equivalents was 23,577,191.50 RMB, compared to 14,101,783.36 RMB at the end of the previous year, indicating an increase of about 67.1%[155]. - The company reported a significant increase in accounts receivable, which rose to CNY 108,493,870.50 from CNY 86,693,006.06, a growth of approximately 25.1%[142]. Risk Factors - Risk factors related to market volatility and supply chain disruptions have been identified and addressed in the report[4]. - The company faces environmental risks due to the nature of its pigment manufacturing, which may lead to increased costs if new regulations are imposed[66]. - Market risks include potential increases in raw material prices and competition, which could affect profitability[68]. - Safety production risks are present due to the use of hazardous materials, and the company emphasizes strict safety management practices[67]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period[97]. - The company has no significant related party transactions during the reporting period[105]. - The company has maintained its ability to continue as a going concern for the next 12 months[178]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance of China[180].