Financial Performance - The company's operating revenue for 2021 was ¥202,969,128.83, an increase of 3.67% compared to ¥195,783,889.54 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥50,594,514.46, a decrease of 18.54% from ¥62,106,840.44 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,366,774.21, down 16.90% from ¥58,205,945.84 in 2020[20] - The net cash flow from operating activities was ¥52,420,926.54, a decline of 43.26% compared to ¥92,383,626.68 in 2020[20] - The total assets at the end of 2021 amounted to ¥645,970,178.48, representing a 92.26% increase from ¥335,986,189.66 at the end of 2020[20] - The net assets attributable to shareholders at the end of 2021 were ¥535,315,992.20, up 91.55% from ¥279,465,949.86 at the end of 2020[20] - The basic earnings per share for 2021 were ¥0.51, a decrease of 25.00% from ¥0.68 in 2020[20] - The weighted average return on equity for 2021 was 14.20%, down 10.53% from 24.73% in 2020[20] Revenue and Market Trends - The company reported a significant increase in overseas revenue, which grew by 614.75% year-on-year, contributing CNY 14.06 million to total revenue[48] - The domestic market revenue decreased by 2.53% to CNY 188.91 million, while the toothpaste industry accounted for 99.10% of total revenue[51] - The toothpaste industry in China is expected to reach a market size of CNY 37.7 billion by 2023, with production volume projected to increase to 870,000 tons by 2030[35] - The global precipitated silica market size was valued at USD 1.96 billion in 2018 and is projected to reach USD 3.34 billion by 2025, driven by demand in oral care and agricultural chemicals[30] - The company anticipates a market growth in the toothpaste industry, with the market size expected to reach RMB 37.7 billion by 2025, driven by increased public awareness of oral health[84] Research and Development - The company holds a total of 106 patents, including 67 invention patents, and has established partnerships with institutions like South China University of Technology for R&D[41] - R&D expenses accounted for 4.97% of operating revenue, with 52 R&D personnel making up 24.3% of the total workforce[42] - The company launched 14 new invention patents during the reporting period, enhancing its innovation capabilities[47] - The company aims to enhance the cleaning power and whitening effect of toothpaste through the development of high-cleanliness, high-fluorine stability silica[61] - The company plans to enhance its R&D investment and management efficiency, focusing on the construction of a silica production base and a research center to support its growth strategy[86] Operational Efficiency - The gross profit margin decreased by 6.20% due to rising raw material costs, with energy procurement prices accounting for over 30% of total production costs[38] - The average procurement price of sodium silicate increased by 34% and sulfuric acid by 132% compared to the previous year, leading to a cost increase of approximately 753 RMB/ton for silica[38] - The company has maintained a good level of profitability in its main business despite fluctuations in raw material prices due to environmental and energy factors[34] - The company has a designed capacity of 26,000 tons for silica with an 88.76% utilization rate, and an additional 60,000 tons is under construction[39] Corporate Governance - The company has established a sound corporate governance structure, including a board of directors, supervisory board, and various committees, ensuring independent operational authority[108] - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[106] - The governance structure complies with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[106] - The company has established a complete independent operational system, including production systems, financial decision-making, and human resources management, ensuring no reliance on the controlling shareholder[107] Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, implementing a "clean production system" to reduce pollution and improve resource utilization efficiency[149] - The company has committed to continuous improvement in its environmental practices, with no violations reported during the reporting period[149] - The company has established a safety management committee to oversee safety production responsibilities and enhance safety culture within the organization[150] - The company has actively engaged in safety training and emergency response drills, improving its capability to handle safety incidents[151] Future Outlook - The company expects a revenue growth of 10-15% for the upcoming fiscal year, driven by new product launches and market expansion strategies[119] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[119] - A strategic acquisition of a local competitor is anticipated to be finalized by Q2 2022, expected to enhance production capacity by 30%[119] - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of 2022[160] Shareholder Engagement - The company held four shareholder meetings during the reporting period, with all proposals passed legally and effectively[104] - The company held its annual general meeting and passed resolutions with a 100% investor participation rate, including the approval of asset mortgage loan applications[110] - The board must actively communicate with minority shareholders to gather their feedback and address their concerns[178] - The company guarantees to avoid and minimize transactions with controlled entities that could harm the interests of shareholders, especially minority shareholders[179]

Financial Performance - The company's revenue for Q3 2021 was CNY 52,352,042.81, representing a 3.10% increase year-over-year, while the year-to-date revenue reached CNY 142,237,180.89, up 5.58% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was CNY 13,199,424.86, a decrease of 20.52% year-over-year, and the year-to-date net profit was CNY 38,522,499.00, down 4.57% compared to the previous year[4]. - The company reported a basic earnings per share of CNY 0.14 for Q3 2021, reflecting a decline of 20.52% year-over-year[4]. - Total operating revenue for the third quarter of 2021 was CNY 142,237,180.89, an increase of 5.6% compared to CNY 134,723,253.98 in the same period last year[19]. - Net profit for the third quarter was CNY 38,522,499.00, a decrease of 4.6% from CNY 40,367,618.13 in the previous year[20]. - Operating profit for the period was CNY 43,102,986.94, down 6.0% from CNY 45,815,938.12 in the same quarter last year[19]. - Basic earnings per share decreased to CNY 0.42 from CNY 0.44 in the same quarter last year[20]. Assets and Liabilities - The company's total assets increased to CNY 628,534,004.56, a significant rise of 87.07% from the end of the previous year, while total equity attributable to shareholders also grew by 87.09% to CNY 522,839,979.04[4]. - Current assets total CNY 346,702,508.21, compared to CNY 203,458,110.68 in the previous year[17]. - The company's cash and cash equivalents are CNY 260,564,739.49, up from CNY 121,573,274.12 in the previous year[16]. - Total liabilities amount to CNY 105,694,025.52, an increase from CNY 56,520,239.80 in the previous year[18]. - The company's equity attributable to shareholders is CNY 522,839,979.04, compared to CNY 279,465,949.86 in the previous year[18]. - The company has a total of 4,027,673.75 in short-term borrowings as of the reporting date[18]. Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 22.23% to CNY 45,264,089.50[4]. - Cash flow from operating activities generated a net amount of CNY 45,264,089.50, a decline of 22.2% compared to CNY 58,203,714.66 in the previous year[23]. - Cash and cash equivalents at the end of the period totaled CNY 251,747,720.70, significantly up from CNY 110,463,427.35 at the end of the previous year[24]. Expenses - The company experienced a 52.98% increase in sales expenses, totaling CNY 9,456,989.34, primarily due to increased export shipping costs[9]. - The company reported a significant increase in sales expenses, which rose to CNY 9,456,989.34, compared to CNY 6,181,654.15 in the same quarter last year, marking an increase of 53.7%[19]. - Research and development expenses were CNY 6,628,669.11, slightly down from CNY 6,920,589.19 year-over-year[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,000[13]. - Guangzhou Feixue Group Co., Ltd. holds 43.67% of shares, totaling 53,123,229 shares[13]. Investments and Construction - The construction of a new factory has led to a 261.46% increase in construction in progress, amounting to CNY 163,969,018.85[7]. - The company has ongoing investments in construction, with CNY 163,969,018.85 in progress as of September 30, 2021[17]. - The company raised CNY 204,469,456.66 from investment activities during the quarter, indicating strong capital inflow[24]. Other Information - The company did not distribute dividends during the reporting period, reflecting a focus on reinvestment and growth[10]. - The company has implemented a new leasing standard effective from January 1, 2021, impacting financial reporting[30]. - The third-quarter report was not audited, indicating preliminary financial data[30].