Core Viewpoint - The company focuses on the deep development and innovation of the nitric acid industry chain, integrating research and development, production, and sales, with core products including nitric acid, potassium nitrate, magnesium nitrate, energy storage molten salts, and high-end water-soluble fertilizers, widely applied in various fields such as solar thermal power generation, energy storage, chemicals, agriculture, military, and electronics manufacturing [1][2]. Company Overview - The company has established a strong circular economy by developing a series of environmentally friendly and resource-saving chemical projects, becoming a core enterprise in two major green industrial chains: "Nitric Acid-Nitrate-Molten Salt, Nitrogen Water-Soluble Fertilizer" and "Synthetic Ammonia-Nitric Acid-Nitrobenzene-Aniline, Rubber Additives" [2]. - The company holds 23 utility model patents and has three major independent brands: "Dier Chemical," "Wolfu," and "Hehuanshu," along with certifications for ISO9001, ISO14001, and ISO45001 [2]. Business Strategy - The company aims to become a global leader in green chemical solutions, focusing on the research and development of molten salt energy storage materials and innovative high-efficiency nitrogen water-soluble fertilizers, while actively expanding into emerging markets such as solar thermal energy and environmentally friendly agriculture [3]. - The company has built a mature global supply and sales network over more than 20 years in the nitric acid industry, with end customers including well-known domestic and international enterprises [3]. Financial Performance - As of the end of the reporting period, total assets amounted to approximately 750.80 million, a decrease of 2.12% from the previous year [6]. - The company's operating income was approximately 302.47 million, reflecting a decline of 26.59% year-on-year, while net profit attributable to shareholders was approximately 26.90 million, down 46.67% [6]. - The net cash flow from operating activities was negative at approximately -57.26 million, a significant decrease compared to the previous year's positive cash flow [6]. Shareholding Structure - The largest shareholder, Xindier, holds 19.64% of the company's total shares, while the actual controller, Liu Xiyu, directly holds 4.73% and collectively controls 24.37% of the shares [8]. - The second-largest shareholder, Huayang Group, has signed a concerted action agreement with Liu Xiyu, maintaining consistency on major issues [8].