ETS(SZ:002545)2022-08-21 16:00Financial Performance - The company achieved operating revenue of CNY 1,933,338,893.97, representing a 47.61% increase compared to the same period last year[30]. - Net profit attributable to shareholders reached CNY 484,820,771.35, a significant increase of 139.20% year-over-year[30]. - The net profit after deducting non-recurring gains and losses was CNY 471,664,225.10, up 158.59% from the previous year[30]. - The net cash flow from operating activities was CNY 476,115,276.98, reflecting a 228.00% increase compared to the same period last year[30]. - Basic and diluted earnings per share were both CNY 0.3897, marking a 139.23% increase year-over-year[30]. - Total assets at the end of the reporting period were CNY 12,807,098,054.21, a 9.39% increase from the end of the previous year[30]. - The company's net assets attributable to shareholders were CNY 8,095,552,296.24, showing a 1.97% increase compared to the previous year[30]. - The company's revenue for the reporting period reached ¥1,933,338,893.97, representing a 47.61% increase compared to ¥1,309,730,262.54 in the same period last year, primarily driven by the growth in the potassium fertilizer business[58]. - The company's operating costs amounted to ¥1,171,539,313.60, which is a 21.86% increase from ¥961,394,124.92 in the previous year[58]. - The gross profit margin for the fertilizer segment was 67.94%, with revenue increasing by 94.73% to ¥995,814,909.54[66]. Market Conditions and Risks - The company reported a decline in market demand due to unfavorable macroeconomic conditions, which poses a risk to future performance[6]. - The company is facing risks related to fluctuations in raw material prices and increased operational costs due to intensified industry competition[6]. - The company is exposed to exchange rate fluctuations affecting export sales, and plans to implement a reasonable foreign currency settlement mechanism[87]. - The ongoing COVID-19 pandemic presents uncertainties in production and sales, but the impact on fertilizer sales is expected to be limited[87]. - Labor costs are expected to rise due to a shortage of skilled workers, prompting the company to enhance talent acquisition and training mechanisms[84]. - The company faces risks from fluctuating steel and potassium prices, requiring improved material utilization and supply chain management[84]. Corporate Governance and Shareholder Relations - The company emphasizes the protection of shareholder rights through improved corporate governance and investor relations management, ensuring accurate and timely information disclosure[110]. - The company has a clear commitment to fulfilling its promises regarding share lock-up periods during asset restructuring, ensuring compliance with regulations[118]. - The company has pledged to compensate for any losses incurred due to violations of the commitments made regarding related party transactions[128]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[96]. - The company has established a structured approach to investor relations, utilizing multiple communication channels to ensure shareholders are well-informed about the company's operations[110]. Environmental Responsibility - The company strictly adheres to national environmental protection laws and has set up dedicated management for pollution control[101]. - The total emissions for various pollutants include 5.67 kg of hydrogen chloride and 676.27 kg of nitrogen oxides[101]. - The company has implemented measures to manage emissions from welding and galvanizing processes[102]. - No administrative penalties were imposed on the company during the reporting period for environmental issues[108]. - The company has established an emergency response plan for environmental incidents[106]. - The company is committed to low-carbon economic development, implementing energy-saving measures and optimizing production processes to reduce resource consumption[114]. - The company aims to achieve a balance between economic and environmental benefits through sustainable practices and technological advancements[114]. Business Expansion and Diversification - The company has subsidiaries involved in various sectors, including steel tower manufacturing and international trade, which may contribute to diversified revenue streams[18]. - The company is actively exploring new markets and fields, although progress remains uncertain[6]. - The company is actively expanding into new markets, including renewable energy steel structures and industrial storage steel structures[42]. - The company is actively expanding into the renewable energy sector, including nuclear and wind power projects, leveraging its advantages in the electric power industry[48]. - The company aims to become a core supplier for leading enterprises in the petrochemical industry, enhancing its market share and creating broader market opportunities[48]. Financial Management and Investments - The company has entrusted financial management with a total amount of RMB 50,700 million, with an unexpired balance of RMB 49,558 million[161]. - There are no overdue amounts or impairment provisions for the entrusted financial management[161]. - The company did not engage in any significant equity or non-equity investments during the reporting period[76][77]. - The company did not sell any significant assets or equity during the reporting period[79]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[145]. Shareholding Structure - The total number of shares is 1,244,062,083, with no change in total share capital[174]. - Major shareholders include Han Huiru with 46.79% ownership (582,131,859 shares) and Ru Zhou City Shun Cheng Consulting Service Partnership with 4.67% ownership (58,103,034 shares)[178]. - The total number of common shareholders at the end of the reporting period is 32,339[176]. - The number of restricted shares increased by 128,214 shares due to the resignation of director Du Yong, resulting in a total of 512,857 restricted shares[174]. Meetings and Participation - The annual general meeting held on May 17, 2022, had a participation rate of 64.35%[91]. - The first extraordinary general meeting on June 8, 2022, had a participation rate of 59.18%[91]. - The second extraordinary general meeting on June 28, 2022, had a participation rate of 59.19%[91].