Financial Performance - The company's operating revenue for Q1 2022 was ¥1,467,906,306.77, representing a 10.24% increase compared to the adjusted revenue of ¥1,331,610,349.78 in the same period last year[1] - The net profit attributable to shareholders for Q1 2022 was ¥157,271,157.26, which is an 8.07% decrease from the adjusted net profit of ¥171,078,227.21 in the previous year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥162,550,642.24, marking a 33.13% increase compared to the previous year's figure of ¥122,099,457.01[1] - Total operating revenue for Q1 2022 was CNY 1,467,906,306.77, an increase from CNY 1,331,610,349.78 in Q1 2021, representing a growth of approximately 10.2%[18] - Net profit for Q1 2022 was CNY 201,634,711.88, slightly down from CNY 202,708,467.59 in Q1 2021, reflecting a decrease of approximately 0.5%[20] - Total comprehensive income attributable to the parent company was 157,494,331.45, down from 170,518,099.81, representing a decrease of approximately 7.5%[24] - The total comprehensive income for the period was 201,857,886.07, slightly down from 202,209,366.70, reflecting a decrease of approximately 0.2%[24] Cash Flow - The net cash flow from operating activities for Q1 2022 was ¥5,243,232.34, a significant increase of 107.92% compared to the negative cash flow of ¥66,226,708.04 in the same period last year[1] - Cash flow from financing activities showed a net increase of 43,448,530.18, contrasting with a net outflow of -65,555,583.26 in the previous period[29] - Cash received from sales of goods and services was 1,081,846,224.20, compared to 1,203,442,531.97 in the prior period, indicating a decline of about 10.1%[25] - Cash outflow for purchasing goods and services was 625,119,127.31, down from 813,061,114.84, reflecting a decrease of approximately 23.1%[27] - The company reported a cash inflow from investment activities of 6,753,016.94, down from 13,721,533.85, indicating a decrease of about 50.8%[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥15,599,611,513.11, reflecting a 2.06% increase from the previous year's total assets of ¥15,284,853,344.57[1] - Total liabilities at the end of Q1 2022 were CNY 5,855,962,567.75, up from CNY 5,739,520,164.22 in Q1 2021, indicating an increase of about 2.0%[17] - The company's total non-current liabilities were CNY 3,633,460,381.65, slightly up from CNY 3,603,128,031.89 in the previous year, reflecting an increase of approximately 0.8%[17] - The equity attributable to shareholders of the parent company increased to CNY 8,701,301,854.17 from CNY 8,542,265,326.81, representing a growth of about 1.9%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,006, with the largest shareholder, Northern Special Energy Group Co., Ltd., holding 19.70% of shares, equating to 521,869,961 shares[9] - The second largest shareholder, Shun'an Holdings Group Co., Ltd., holds 14.40% of shares, totaling 381,468,679 shares, with 381,468,679 shares pledged[9] - The company has a total of 10 major shareholders, with several being identified as acting in concert under the regulations of the listed company acquisition management measures[11] - The company reported a total of 262,286,155 unrestricted shares held by Northern Special Energy Group Co., Ltd.[11] - The company has ongoing pledges on shares held by several major shareholders, including Shun'an Holdings Group Co., Ltd. and Anhui Shun'an Chemical Group Co., Ltd.[9] Research and Development - Research and development expenses for Q1 2022 amounted to ¥32,550,332.95, which is a 106.41% increase compared to the same period last year[5] - Research and development expenses in Q1 2022 amounted to CNY 32,550,332.95, significantly higher than CNY 15,769,575.82 in Q1 2021, marking an increase of about 106.5%[18] Other Financial Metrics - The company reported a decrease in investment income of 89.52%, with income of ¥409,904.06 compared to the previous year[8] - The fair value change loss was ¥-13,668,600.00, a decrease of ¥20,295,800.00 compared to the previous year, attributed to the decline in the stock price of Xuefeng Technology[8] - The company experienced a 61.18% increase in accounts receivable, amounting to ¥51,647,566.31 at the end of the reporting period[5] - The company reported a significant decrease of 94.79% in accounts payable, with an amount of ¥674,927.41 at the end of the reporting period[5] - Accounts receivable increased to ¥3,029,525,781.62 from ¥2,717,898,110.74, indicating a growth of approximately 11.45%[13] - Inventory levels rose to ¥429,687,742.91, up from ¥393,569,309.24, reflecting an increase of about 9.17%[13] - The total current assets increased to ¥6,788,382,939.28 from ¥6,633,211,395.34, marking a growth of approximately 2.34%[13] - The company's fixed assets decreased to ¥6,136,559,659.47 from ¥6,233,826,929.20, indicating a decline of about 1.56%[13] - Financial expenses for Q1 2022 included interest expenses of CNY 39,423,673.21, down from CNY 50,710,225.36 in Q1 2021, indicating a decrease of approximately 22.2%[20] - The company reported a significant increase in other income, which reached CNY 11,026,101.54 in Q1 2022, compared to CNY 8,973,863.91 in Q1 2021, marking an increase of about 22.9%[20]

Financial Performance - Revenue in 2021 increased by 65.39% to RMB 6.48 billion compared to the previous year[28] - Net profit attributable to shareholders surged by 135.58% to RMB 1.05 billion in 2021[28] - Operating cash flow decreased by 26.48% to RMB 645.29 million in 2021[28] - Basic earnings per share rose by 135.57% to RMB 0.3974 in 2021[28] - Total assets grew by 5.93% to RMB 15.28 billion at the end of 2021[28] - Non-recurring gains and losses amounted to RMB 511.14 million in 2021, primarily due to government subsidies and asset disposal gains[34] - The company's weighted average return on equity increased to 13.07% in 2021, up from 7.29% in 2020[28] - Fourth-quarter revenue in 2021 was RMB 2.86 billion, the highest among all quarters[33] - Net profit attributable to shareholders in Q4 2021 was RMB 531.20 million, significantly higher than other quarters[33] - Revenue reached 6.481 billion yuan, a year-on-year increase of 65.39%[46] - Net profit attributable to shareholders of the listed company was 1.053 billion yuan, a year-on-year increase of 135.58%[46] - Total assets amounted to 15.285 billion yuan, an increase of 5.93% compared to the beginning of the period[46] - The civil explosives industry accounted for 84.89% of total revenue, with a year-on-year growth of 73.01%[51] - Blasting engineering services revenue reached 3.295 billion yuan, a year-on-year increase of 133.46%[51] - Domestic sales accounted for 94.76% of total revenue, with a year-on-year increase of 56.72%[51] - Direct sales accounted for 93.56% of total revenue, with a year-on-year increase of 71.66%[53] - Civil explosive products revenue reached 1,571,544,635.37 yuan, a year-on-year increase of 14.00%, with a gross margin of 49.52%[54] - Wind power generation revenue was 820,635,385.30 yuan, up 7.12% year-on-year, with a gross margin of 52.13%[54] - Blasting engineering services revenue surged to 3,294,827,900.00 yuan, a 133.46% year-on-year increase, with a gross margin of 25.17%[54] - Domestic revenue accounted for 6,141,438,416.82 yuan, a 56.72% year-on-year increase, with a gross margin of 34.63%[54] - Industrial explosives and products had a licensed capacity of 375,500 tons, with a utilization rate of 95.03%[54] - Industrial detonating cord capacity reached 16 million meters, with a 100.00% utilization rate[54] - Digital electronic detonators had a capacity of 36.7 million units, with a utilization rate of 35.23%[54] - The company's top five customers accounted for 969,317,072.29 yuan in sales, representing 14.96% of total annual sales[70] - The company's top five suppliers accounted for 555,996,672.50 yuan in purchases, representing 15.72% of total annual purchases[70] - The company's sales expenses increased by 42.80% to 103,252,298.46 yuan in 2021, mainly due to expanded consolidation scope[72] - The company's R&D expenses surged by 143.33% to 153,710,214.33 yuan in 2021, reflecting increased investment in technological innovation[72] - Operating cash inflow increased by 56.46% to RMB 5.63 billion in 2021, while operating cash outflow rose by 83.22% to RMB 4.98 billion[76] - Net cash flow from operating activities decreased by 26.48% to RMB 645.29 million in 2021[76] - Net cash flow from investing activities turned positive at RMB 76.20 million in 2021, compared to a negative RMB 199.88 million in 2020[76] - Net cash flow from financing activities improved to a negative RMB 401.37 million in 2021 from a negative RMB 640.65 million in 2020[78] - Cash and cash equivalents increased by 738.35% to RMB 311.67 million in 2021[78] - Asset disposal income reached RMB 340.58 million, accounting for 23.79% of total profit in 2021[81] - Monetary funds increased by 12.32% to 1,883,134,577.20 yuan, accounting for 12.32% of total assets, up by 0.86% compared to the beginning of the year[82] - Accounts receivable increased by 17.78% to 2,717,898,110.74 yuan, accounting for 17.78% of total assets, up by 3.06% compared to the beginning of the year[82] - Fixed assets decreased by 40.78% to 6,233,826,929.20 yuan, accounting for 40.78% of total assets, down by 3.90% compared to the beginning of the year[82] - Short-term borrowings increased by 3.30% to 503,667,197.33 yuan, accounting for 3.30% of total assets, up by 1.46% compared to the beginning of the year[82] - Long-term borrowings increased by 20.21% to 3,089,584,071.31 yuan, accounting for 20.21% of total assets, up by 1.47% compared to the beginning of the year[82] - Trade receivables financing increased by 2.57% to 393,236,243.02 yuan, accounting for 2.57% of total assets, up by 0.59% compared to the beginning of the year[84] - Prepayments increased by 2.79% to 426,022,314.10 yuan, accounting for 2.79% of total assets, up by 1.98% compared to the beginning of the year[84] - Other payables decreased by 2.20% to 335,633,134.91 yuan, accounting for 2.20% of total assets, down by 2.36% compared to the beginning of the year[84] Business Operations and Strategy - The company's main business shifted from solely civil explosives to a dual focus on civil explosives and new energy after a major asset restructuring in 2018[24] - The company's non-operating income from changes in fair value of financial assets and liabilities, and investment income from disposal of financial assets amounted to RMB 95,266,000[36] - The civil explosives industry saw a 1.50% decrease in production and a 1.49% decrease in sales of industrial explosives in 2021, with mixed explosives production increasing by 5.90%[39] - The average price of ammonium nitrate, a key raw material for industrial explosives, rose to RMB 3,283 per ton in Q4 2021, marking a significant increase from the previous quarters[39] - National fixed asset investment (excluding rural households) reached RMB 544,547 billion in 2021, a 4.9% year-on-year increase[39] - China added 47.57 GW of wind power capacity in 2021, with onshore wind accounting for 30.67 GW and offshore wind for 16.90 GW[39] - The national wind power generation reached 652.6 billion kWh in 2021, a 40.5% year-on-year increase, with an average utilization rate of 96.9%[39] - The company plans to focus on safety development, optimize industrial structure, and promote the construction of a modern civil explosives industry chain in response to the "14th Five-Year Plan" for civil explosives industry safety development[39] - The company will enhance cost control and operational efficiency in its new energy projects to mitigate potential adverse impacts on financial performance[41] - The company's civil explosive business covers over ten provinces and regions in China, with a strategic focus on Xinjiang, and has expanded internationally to countries such as Namibia, Congo (DRC), and Mongolia[42] - The company completed a major asset restructuring, with the acquired company, Northern Blasting, expanding its international business to Namibia, Congo (DRC), and Mongolia[42] - The company's new energy subsidiary, DunAn New Energy, has signed wind and solar investment agreements with governments in over 20 provinces and regions in China, with a cumulative installed capacity of 960 MW and 100 MW under construction by the end of 2021[42][44] - DunAn New Energy has established a comprehensive new energy management information platform, leveraging big data analysis to improve operational efficiency and power generation efficiency[42] - The company's engineering service revenue reached 3,294,827,900 yuan in 2021, a year-on-year increase of 133.46%[44] - The company has obtained 1 construction method from the China Blasting Association and led the drafting of the industry standard for smooth blasting engineering construction organization design[44] - The company has achieved key breakthroughs in the "underground tunnel charging vehicle" project, realizing mechanized charging in underground environments and reducing personnel on-site[44] - The company has established a comprehensive safety management system and is recognized as a national safety culture construction demonstration enterprise[44] - The company has strengthened its cost control strategy, optimizing resource allocation and improving operational capabilities[44] - The company has expanded its overseas development platform through the acquisition of Northern Blasting, gaining access to mature international blasting service projects and a professional overseas team[44] - The company completed the acquisition of Northern Blasting, Guangxi Jinhua, and Qinghua Automotive, enhancing its market expansion and risk resistance[46] - The new energy sector achieved a cumulative grid-connected power generation of 1.973 billion kWh, a year-on-year increase of 9.93%[50] - The company invested 627.9 million yuan in the construction of the 100MW wind power project in Gansu Guazhou[50] - The company operates 10 hazardous goods transportation subsidiaries, with a total of 172 specialized vehicles in Xinjiang Tianhe Transportation Co., Ltd.[56] - The company upgraded its mining engineering construction qualification to Level 2, effective until January 24, 2026[56] - The company achieved zero serious production safety accidents in 2021, maintaining a stable safety record[58] - The company completed 15 safety technology transformation projects in 2021, enhancing the intelligent and intrinsic safety levels of production lines[60] - The company's overseas projects in Congo (DRC), Namibia, and Mongolia operated smoothly, with no significant changes in local policies[61] - The company's raw material costs for hazardous production in 2021 were 637,557,670.17 yuan, accounting for 15.08% of operating costs, a 15.09% increase year-over-year[66] - The company completed the acquisition of 100% equity in Northern Blasting Technology Co., Ltd. and other related entities, with new shares listed on September 30, 2021[67] - The company's subsidiary, Fujian Zhangzhou Jiuyijiu Chemical Co., Ltd., acquired a 51% stake in Fujian Huafei Blasting Engineering Co., Ltd. in July 2021[69] - The company invested 157,501,331.20 yuan during the reporting period, a significant increase of 12,595.32% compared to the same period last year[88] - The company acquired Beibao Technology for 823,810,633.20 yuan, holding 100.00% of the shares, with the investment funded through the issuance of shares[88] - The company acquired Guangxi Jinhua for RMB 2.834 billion, accounting for 90% of the total transaction[90] - The acquisition of Qinghua Automobile was completed for RMB 319.45 million, representing 65% of the total transaction[90] - The company acquired Northern Mining Investment for RMB 300.05 million, accounting for 49% of the total transaction[94] - The acquisition of Northern Mining Services was completed for RMB 8.234 million, representing 49% of the total transaction[94] - The company's initial investment in Xuefeng Technology was RMB 208 million, with a fair value change of RMB 95.266 million during the reporting period[99] - The total fair value of the company's investment in Xuefeng Technology at the end of the reporting period was RMB 291.183 million[99] - The company raised RMB 9.545 billion through a non-public stock issuance in September 2016, with RMB 5.344 million used in the current period[101] - The cumulative amount of raised funds used by the company reached RMB 9.607 billion, with 72.46% of the funds having changed their intended use[101] - The company's total investment in securities amounted to RMB 208 million, with a fair value change of RMB 95.266 million during the reporting period[99] - The company's total fair value of securities at the end of the reporting period was RMB 291.183 million[99] - Total raised funds from the non-public issuance amounted to RMB 976.8 million, with net proceeds of RMB 954.54 million after deducting issuance costs of RMB 22.26 million[103] - Cumulative use of raised funds reached RMB 960.74 million by the end of 2021, with the raised funds account fully closed[103] - The "Mining Engineering General Contracting and Mine Ecological Restoration Project" by Anhui Jiangnan Blasting Engineering Co., Ltd. achieved 100% investment progress with RMB 222.719 million invested[104] - The "Mine Blasting Engineering Integration Project" by Xinjiang Tianhe Blasting Engineering Co., Ltd. also achieved 100% investment progress with RMB 284.45 million invested[104] - The "Smart Factory Project for Civil Explosives" reached 57.28% investment progress with RMB 293.92 million invested, falling short of the planned schedule due to policy-related relocation[107] - The "Dangerous Chemical Logistics Transportation Capacity Expansion Project" by Xinjiang Tianhe Transportation Co., Ltd. achieved 44.22% investment progress with RMB 126.458 million invested, delayed due to slow progress in related ground station construction[107] - The "Intelligent Production Line Technical Transformation Project" at Xinjiang Tianhe Chemical Co., Ltd. achieved 71.88% investment progress with RMB 273.541 million invested[107] - The "Ganquanbao Sand and Gravel Aggregate Field Construction Project" in Urumqi Midong District exceeded the planned investment by 0.14%, with RMB 1.51209 billion invested[107] - The "Digital Civil Explosives Industry Chain Project" achieved 100% investment progress with RMB 246.875 million invested[107] - The "Supplementary Working Capital" project achieved 100% investment progress with RMB 496.308 million invested[107] - The completion time of the company's hazardous chemical logistics transportation capacity expansion project was delayed from June 2019 to October 2020, and the project was completed by the end of 2020[109] - The intelligent production line technical transformation project of Xinjiang Tianhe Chemical Co., Ltd. was delayed from March 2020 to December 2020 due to climate and COVID-19 impacts, and was completed by the end of 2020[109] - The Ningguo branch's second-phase demonstration project of unmanned powdered emulsion explosive production line did not meet profit expectations due to market factors, product price adjustments, and increased production costs from rising ammonium nitrate prices[109] - The intelligent factory construction project of Anhui Hengyuan Jiyan Chemical Co., Ltd. did not meet profit expectations due to increased production costs from rising ammonium nitrate prices[109] - The Ganquanbao sand and gravel aggregate field construction project in Midong District, Urumqi, did not meet profit expectations due to incomplete capacity release and lower-than-expected product sales[109] - The company terminated several fundraising projects in 2019, including mining engineering and ecological restoration projects, and used the remaining funds to permanently supplement working capital[109] - The company used 40,000 million yuan of idle fundraising funds to temporarily supplement working capital in 2018, with the funds fully returned by May 2019[111] - The company used 40,000 million yuan of idle fundraising funds to temporarily supplement working capital in 2019, with 2,860 million yuan returned by October 2019[111] - The "Civil Explosives Smart Factory Project" was completed with a surplus of 24.63 million yuan, partly due to optimized storage and logistics efficiency[111] - The hazardous chemical logistics transportation capacity expansion project of Xinjiang Tianhe Transportation Co., Ltd. was completed with a surplus of 16.33 million yuan, as the existing transportation capacity met daily production needs[111] - The "Wulumuqi Midong District Ganquanbao Sand and Gravel Aggregate Field Construction Project" has been completed, with a remaining raised fund (including interest) of 0.57 million yuan, mainly due to interest from the raised fund account[113] - The total interest from the raised fund account is 74.40 million yuan, primarily generated from the net amount of the 2016 private placement raised funds deposited in the company's Hangzhou Bank Hefei Branch account[113] - The "Ningguo Branch Unmanned Powder Emulsion Explosive Production Line Phase II Demonstration Project" has been completed, with a remaining raised fund (including interest) of 1,692.35 million yuan, saved through various cost-saving measures[113] - The "Anhui Hengyuan Jiyan Chemical Co., Ltd. Intelligent Factory Construction Project" has been completed, with a remaining raised fund (including interest) of 1,770.97 million yuan, saved through process optimization and equipment reuse[113] - The company will focus on extending the industrial chain by developing integrated service models in core markets such as Xinjiang and Anhui, including production, sales, distribution, and blasting services[139] - The company is advancing the construction of its civil explosive technology innovation center, conducting research on underground mixing truck systems, intelligent storage systems, and industrial explosive production line monitoring systems[141] - The company plans to strengthen safety management by increasing safety technology upgrades and investments, and enhancing safety and environmental management teams[141] - The company aims to optimize state-owned property rights by gradually improving the equity structure of subsidiaries and strengthening the control and management efficiency of state-owned property[141] - The company faces safety risks due to the inherent characteristics of civil explosive products,

Revenue and Profit - Revenue for the third quarter reached 1.26 billion yuan, a year-on-year increase of 15.10%[3] - Net profit attributable to shareholders of the listed company for the third quarter was 191.72 million yuan, up 3.98% year-on-year[3] - Revenue for the reporting period was 3,622,349,578.97 yuan, an increase of 33.97% year-over-year, driven by the recovery of operations and steady growth across industries[7] - Total operating revenue for the period reached 3,622,349,578.97 yuan, a significant increase from the previous period's 2,703,818,066.99 yuan[18] - Net profit attributable to the parent company's owners was 521,463,339.73 yuan, compared to 395,055,305.21 yuan in the prior period[19] Assets and Liabilities - Total assets as of the end of the reporting period were 12.89 billion yuan, an increase of 2.54% compared to the end of the previous year[3] - Total assets increased to RMB 12,891,141,706.32 as of September 30, 2021, compared to RMB 12,572,399,683.86 at the end of 2020[15] - Total liabilities decreased to RMB 5,284,339,211.95 as of September 30, 2021, from RMB 5,527,477,111.33 at the end of 2020[15] - Shareholders' equity increased to RMB 7,606,802,494.37 as of September 30, 2021, compared to RMB 7,044,922,572.53 at the end of 2020[17] - Total liabilities amount to 5,527,477,111.33 RMB, with current liabilities at 2,083,212,658.98 RMB and non-current liabilities at 3,444,264,452.35 RMB[30] - Long-term borrowings stand at 2,730,274,714.60 RMB, contributing significantly to non-current liabilities[30] - Lease liabilities are reported at 535,396,649.57 RMB, reflecting the impact of the new leasing standards[30] - Total owner's equity is 7,044,922,572.53 RMB, with equity attributable to the parent company at 6,337,941,327.45 RMB[30] - The company's total assets and liabilities combined equal 12,572,399,683.86 RMB[30] Cash Flow - Cash flow from operating activities decreased by 49.55% to 317,324,872.43 yuan, mainly due to prepayments for materials and longer receivables cycles in the new energy sector[7] - Cash flow from investing activities was -334,834,383.27 yuan, a decrease of 79.43%, driven by increased equity investment payments and engineering deposits[7] - Cash flow from financing activities improved by 335,648,628.81 yuan to -78,858,882.15 yuan, supported by increased net financing and the recovery of bank acceptance guarantees[7] - Net cash flow from operating activities decreased to 317.32 million yuan from 628.99 million yuan in the previous period[24] - Net cash flow from investing activities was -334.83 million yuan, compared to -186.61 million yuan in the previous period[24] - Net cash flow from financing activities was -78.86 million yuan, an improvement from -414.51 million yuan in the previous period[25] - Total cash and cash equivalents at the end of the period were 773.58 million yuan, down from 869.95 million yuan at the beginning of the period[25] - Cash received from sales of goods and services totaled 3,129,541,268.95 yuan, up from 2,370,570,300.25 yuan in the previous period[23] - Total cash inflows from operating activities reached 3,187,980,613.68 yuan, compared to 2,418,928,588.33 yuan in the prior period[23] - Cash paid for goods and services was 1,871,498,398.88 yuan, a significant increase from 1,014,967,280.26 yuan in the previous period[23] - Payments to employees and for employee benefits increased to 437.19 million yuan from 336.23 million yuan[24] - Payments for taxes increased to 318.34 million yuan from 226.09 million yuan[24] - Cash outflows for operating activities totaled 2.87 billion yuan, up from 1.79 billion yuan[24] - Cash inflows from financing activities increased to 824.43 million yuan from 197.17 million yuan[24] - Cash outflows for investing activities increased to 364.91 million yuan from 254.67 million yuan[24] Expenses and Costs - Cost of sales increased by 37.25% to 2,231,468,791.72 yuan compared to the same period last year, due to the resumption of operations post-COVID-19[7] - R&D expenses surged by 82.89% to 75,831,650.86 yuan, reflecting the company's increased focus on technological innovation[7] - Operating costs amounted to 2,920,487,190.91 yuan, up from 2,172,577,247.76 yuan in the previous period[18] - Research and development expenses increased to 75,831,650.86 yuan from 41,462,034.90 yuan in the prior period[18] - Sales expenses rose to 76,559,987.38 yuan, up from 51,962,980.52 yuan in the previous period[18] - Management expenses increased to 358,639,785.48 yuan, compared to 274,036,639.50 yuan in the prior period[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,198, with no preferred shareholders[10] - Northern Special Energy Group holds the largest share at 19.70%, with 521,869,961 shares[10] - Dunan Holding Group holds 14.40% of shares, totaling 381,468,679 shares, all of which are pledged[10] - The company issued 900,348,489 new shares, increasing the total share capital to 2,648,922,855 shares[12] - The company's total share capital increased to 2,648,922,855 shares after the issuance of new shares[12] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the reporting period amounted to 37.57 million yuan[5] - Government subsidies received during the reporting period totaled 4.97 million yuan[5] - The fair value change income from holding shares of Xuefeng Technology was 36.86 million yuan[5] - Fair value change gains amounted to 52,189,200.00 yuan, an increase of 86,174,356.00 yuan, primarily due to the rise in stock price of Xuefeng Technology[7] Accounts Receivable and Prepayments - Accounts receivable financing at the end of the reporting period was 303.63 million yuan, an increase of 48.74% compared to the beginning of the year[4] - Prepayments at the end of the reporting period were 372.59 million yuan, an increase of 313.26% compared to the beginning of the year[4] - Accounts receivable increased to RMB 2,424,875,769.62 as of September 30, 2021, from RMB 1,899,949,557.80 at the end of 2020[15] Short-Term Borrowings and Contract Liabilities - Short-term borrowings at the end of the reporting period were 791.22 million yuan, an increase of 295.52% compared to the beginning of the year[4] - Contract liabilities at the end of the reporting period were 87.16 million yuan, an increase of 146.99% compared to the beginning of the year[4] - Short-term borrowings increased significantly to RMB 791,217,178.01 as of September 30, 2021, from RMB 200,043,466.65 at the end of 2020[15] Fixed Assets and Monetary Funds - Fixed assets decreased to RMB 5,280,419,680.48 as of September 30, 2021, from RMB 6,124,482,987.31 at the end of 2020[15] - Monetary funds decreased to RMB 838,449,292.12 as of September 30, 2021, from RMB 1,047,716,725.89 at the end of 2020[14] Subsidiaries and Acquisitions - The company acquired several subsidiaries, including 100% of Northern Blasting Technology Co., Ltd., and 90% of Guangxi Jinhua Civil Explosive Materials Co., Ltd.[12] Earnings Per Share - Basic earnings per share stood at 0.2259 yuan, consistent with diluted earnings per share[20] Leasing Standards and Auditing - The company has not applied the new leasing standards retrospectively to prior period comparative data[31] - The third-quarter report has not been audited[31] Total Assets and Liabilities Stability - Total assets remained stable at 12.57 billion yuan, with no significant changes in major asset categories[29]

安徽江南化工股份有限公司 2021 年半年度报告全文 安徽江南化工股份有限公司 2021 年半年度报告 2021 年 08 月 1 安徽江南化工股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人吴振国、主管会计工作负责人李永红及会计机构负责人(会计主 管人员)张鹏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司定期报告等资料中提及的财务预算、经营计划、经营目标并不代表本 公司的盈利预测，能否实现取决于市场状况变化、经营团队的努力程度等多种 因素，存在很大的不确定性，投资者及相关人士均应当对此保持足够的风险认 识，并且应当理解计划、预测与承诺之间的差异，请投资者注意决策风险。 公司存在安全风险、行业发展风险、市场开拓风险、原材料价格波动风险 等风险因素，敬请广大投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 安徽江南化工股份有限公司 2021 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,000,394,102.16, representing a 73.59% increase compared to ¥576,293,742.50 in the same period last year[8]. - Net profit attributable to shareholders was ¥131,150,937.73, a significant increase of 472.74% from ¥22,898,798.23 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥122,099,457.01, up 252.18% from ¥34,669,546.27 year-on-year[8]. - Basic and diluted earnings per share were both ¥0.105, reflecting a 473.77% increase from ¥0.0183 in the same period last year[8]. - The weighted average return on equity was 2.05%, an increase of 1.67% compared to 0.38% in the previous year[8]. - The operating cost for the reporting period was CNY 613,236,741.14, reflecting a 71.76% increase year-on-year due to the recovery from the impact of COVID-19[17]. - The income tax expense for the reporting period was CNY 35,516,269.67, a substantial increase of 544.06% year-on-year due to higher profit levels[20]. - The total profit for Q1 2021 was CNY 193,536,829.52, compared to CNY 32,484,088.45 in the same period last year, indicating an increase of 497.5%[106]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,241,897,056.60, a decrease of 2.63% from ¥12,572,399,683.86 at the end of the previous year[8]. - The total liabilities decreased from ¥5,527,477,111.33 in 2020 to ¥5,039,877,829.84 in Q1 2021, reflecting a reduction of approximately 8.8%[97]. - The company's total equity increased to ¥7,202,019,226.76 from ¥7,044,922,572.53, representing a growth of about 2.2%[97]. - The total current assets amounted to CNY 4,128,258,695.51, while total non-current assets were CNY 8,444,140,988.35, leading to total assets of CNY 12,572,399,683.86[125]. - The company reported a decrease in fixed assets by CNY 588,424,431.68[125]. Cash Flow - The company reported a net cash flow from operating activities of ¥353.54, a 100% decrease compared to ¥12,651,308.76 in the previous year[8]. - Cash inflow from operating activities totaled 980,993,519.86 CNY, significantly up from 547,791,127.59 CNY in the previous period[116]. - Cash outflow from operating activities was 980,993,166.32 CNY, compared to 535,139,818.83 CNY in the previous period[116]. - The ending cash and cash equivalents balance was 707,730,041.74 CNY, up from 583,526,281.31 CNY in the previous period[117]. - The total cash inflow from financing activities was CNY 526,491,760.90, resulting in a net cash flow of CNY 447,700,605.70 after outflows[122]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,777, with the top ten shareholders holding significant stakes, including Northern Special Energy Group at 21.82%[10]. - The company raised a total of RMB 976,800,000 through a private placement of 120,000,000 shares at a price of RMB 8.14 per share, with a net amount of RMB 954,540,800 after deducting issuance costs[82]. Research and Development - Research and development expenses increased by 132.30% to CNY 12,152,131.51, indicating a strong focus on technological innovation[17]. - The company plans to invest 100 million CNY in R&D for new technologies aimed at improving production efficiency[49]. - The company is investing 30 million yuan in R&D for new technologies aimed at enhancing production efficiency[75]. Strategic Plans and Market Expansion - The company plans to acquire 100% equity of Beifang Blasting Technology Co., Ltd. and 49% equity of two other companies through share issuance[21]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[49]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30%[49]. - Market expansion plans include entering two new provinces by the end of 2021, targeting a 25% increase in market share[77]. Corporate Governance and Competition - The company is committed to avoiding any substantial competition with its controlling shareholder in the explosives industry, ensuring independent operational decision-making[26]. - The controlling party will take necessary measures to prevent unfair competition and respect the company's independent management rights[28]. - The company guarantees that its senior management will not hold positions in other companies controlled by the controlling party, ensuring independence[44]. - The company will strictly adhere to market principles in all transactions with its controlling shareholder and related parties[41]. - The commitment to avoid competition and ensure fair practices will remain effective as long as the controlling party is considered a related party[43].

Financial Performance - The company achieved a total revenue of CNY 3,918,788,607.36 in 2020, an increase of 7.86% year-on-year[48]. - The company's operating revenue for 2020 was ¥3,918,788,607.36, representing a year-over-year increase of 7.86% compared to ¥3,633,186,954.20 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥446,841,905.32, which is a 10.43% increase from ¥404,645,676.51 in 2019[22]. - The basic earnings per share for 2020 was ¥0.3578, up 10.43% from ¥0.3240 in 2019[23]. - The total profit for the year was CNY 673,224,796.48, reflecting a 9.26% increase year-on-year, with net profit attributable to shareholders rising by 10.43% to CNY 446,841,905.32[48]. - The company reported a quarterly operating revenue of ¥1,214,970,540.37 in Q4 2020, showing a consistent growth trend throughout the year[26]. - The net profit attributable to shareholders in Q4 2020 was ¥51,786,600.11, indicating a strong performance in the last quarter[26]. - The company’s financial report for the year 2020 covers the period from January 1, 2020, to December 31, 2020, providing a comprehensive overview of its annual performance[14]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 0.55 RMB per 10 shares (including tax) and to convert 4 shares from capital reserves for every 10 shares held[5]. - The cash dividend distribution plan for 2020 is based on a share capital of 1,248,981,690 shares, with no bonus shares issued[150]. - The total cash dividend for 2020 represents 100% of the distributable profit[150]. - The company plans to distribute a cash dividend of RMB 0.55 per 10 shares for the year 2020, totaling RMB 68,693,992.95, which represents 15.37% of the net profit attributable to ordinary shareholders[146]. - In 2020, the company did not distribute any cash dividends or bonus shares in 2018, while in 2019, it distributed RMB 0.5 per 10 shares, totaling RMB 62,449,084.50, which was 15.43% of the net profit[147]. Business Operations and Strategy - The company underwent a major asset restructuring in 2018, expanding its main business from solely civil explosives to include both civil explosives and new energy[20]. - The company operates in a dual main business model, focusing on civil explosives and new energy sectors, which may enhance its market competitiveness[20]. - The company aims to maintain its leading position in the national civil explosive industry by transitioning from production to engineering services[39]. - The company plans to leverage smart operation systems supported by IoT, big data, and machine learning for efficient management of its renewable energy projects[39]. - The company aims to enhance its governance by integrating party leadership into corporate governance, focusing on political standards and performance orientation[137]. - The company is committed to improving its operational quality by implementing performance assessment metrics tailored to individual company challenges[137]. - The company is focused on high-quality development and safety as fundamental principles for its operations in 2021[135]. Risks and Challenges - The company has acknowledged various risks, including safety risks and market expansion risks, urging investors to remain cautious[5]. - The company emphasizes the importance of market conditions and management efforts in achieving financial targets, highlighting significant uncertainties in profit forecasts[5]. - The company has identified market risks due to increased competition in the civil explosives industry and potential slowdowns in infrastructure investment, which could impact demand for its products[146]. - The company recognizes the risks associated with the mining and infrastructure sectors, particularly in light of economic uncertainties exacerbated by the COVID-19 pandemic[140]. Subsidiaries and Investments - The company’s subsidiary, Shieldan New Energy, has signed investment and development agreements for wind and solar projects with over 20 provincial and municipal governments[35]. - The company has established nearly 200 wind and solar resource measurement towers, completing the resource assessment and operational layout for its new energy sector[48]. - The subsidiary Anhui Jiangnan Explosive Engineering Co., Ltd. reported a net profit of approximately CNY 45.53 million, contributing significantly to the overall net profit of the company[118]. - Anhui Jiangnan Chemical Co., Ltd. achieved total revenue of CNY 1.16 billion, with a net profit of CNY 173.60 million from its subsidiary Xinjiang Tianhe Chemical Co., Ltd.[120]. - The company has established several new subsidiaries in 2020, including Anhui Jingheng Automobile Transportation Co., Ltd. and Qinghai Zhongkuang Tianwo Construction Engineering Co., Ltd., enhancing its operational capacity[68]. Financial Management and Governance - The company has committed to maintaining independent operations, ensuring that its assets, personnel, and qualifications are independent from controlling parties[179]. - The company guarantees that its financial personnel will not hold dual positions in other enterprises controlled by the controlling party[173]. - The company will establish an independent financial accounting department and ensure independent financial decision-making without interference from the controlling party[173]. - The company has a performance compensation agreement stating that the net profit for 2017, 2018, 2019, and 2020 should not be less than 106.72 million CNY, 150.95 million CNY, 172.39 million CNY, and 206.65 million CNY respectively[179]. - The company has ensured that its senior management is independent and not involved in other enterprises controlled by the same parties[187]. Research and Development - The company filed a record 32 invention patent applications in 2020, reflecting its commitment to technological innovation[54]. - The company’s R&D efforts led to three international advanced and three domestically leading technology achievements in the civil explosives sector during the 13th Five-Year Plan[48]. - Research and development expenses amounted to 63,170,719.40 CNY, representing 1.61% of total revenue, with a year-on-year increase of 47.75%[72]. - The company is focused on technological innovation, collaborating with internal and external partners to develop new products such as high-performance explosives and digital electronic detonators[139]. Asset Management - The company reported a significant increase in deferred tax assets by 25.21%, amounting to ¥94,060,568.38, due to increased deductible losses[81]. - The company’s cash and cash equivalents at year-end were ¥1,047,716,725.89, making up 8.33% of total assets, a slight decrease of 0.10% from the beginning of the year[79]. - Accounts receivable increased to ¥1,899,949,557.80, representing 15.11% of total assets, up by 2.10% compared to the previous year[79]. - The company has a total of 7 subsidiaries engaged in hazardous materials transportation, ensuring comprehensive logistics capabilities[58]. Market Presence and Competition - The company is not engaged in overseas business operations, focusing solely on domestic markets[65]. - The company is actively pursuing technological advancements in explosive materials and related engineering services[128]. - The company has expanded its market presence through acquisitions, including the purchase of Fujian Shuo Long Construction Engineering Co., which enhances its blasting business and market competitiveness[134]. - The company aims to leverage its dual-core strategy in civil explosives and new energy sectors to drive diversified growth and enhance risk resilience[135].

安徽江南化工股份有限公司 2020 年第三季度报告全文 安徽江南化工股份有限公司 2020 年第三季度报告 2020 年 10 月 1 安徽江南化工股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽江南化工股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------|-----------------------------------------------------|-------|-------------------|--------|- ...

安徽江南化工股份有限公司 2020 年半年度报告全文 安徽江南化工股份有限公司 2020 年半年度报告 2020 年 08 月 1 安徽江南化工股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 | --- | |----------------------------------------------------------------------| | | | 公司定期报告等资料中提及的财务预算、经营计划、经营目标并不代表本 | | 公司的盈利预测，能否实现取决于市场状况变化、经营团队的努力程度等多种 | | 因素，存在很大的不确定性，投资者及相关人士均应当对此保持足够的风险认 | | 识，并且应当理解计划、预测与承诺之间的差异，请投资者注意决策风险。 | ...

安徽江南化工股份有限公司 2020 年第一季度报告全文 安徽江南化工股份有限公司 2020 年第一季度报告 2020 年 04 月 1 安徽江南化工股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽江南化工股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 √ 否 | 本报告期 ...

安徽江南化工股份有限公司 2019 年年度报告全文 安徽江南化工股份有限公司 2019 年年度报告 2020 年 04 月 1 安徽江南化工股份有限公司 2019 年年度报告全文 金转增股本。 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司定期报告等资料中提及的财务预算、经营计划、经营目标并不代表本 公司的盈利预测，能否实现取决于市场状况变化、经营团队的努力程度等多种 因素，存在很大的不确定性，投资者及相关人士均应当对此保持足够的风险认 识，并且应当理解计划、预测与承诺之间的差异，请投资者注意决策风险。 | --- | |----------------------------------------------------------------------------------------| | ...