1、2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.Zhejiang NHU Company Ltd.2022 Semi-Annual Report August 20222022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.1 Section I Important Notes,Contents,and Definitions The Board of Directors and its members,Board of Supervisors and its members,and senior exec

2、utives of the Company hereby guarantee that the information presented in this semi-annual report is authentic,accurate,complete and free of false records,misleading statements or material omissions,and they will bear individual and joint liabilities for such information.胡柏藩胡柏藩(Hu Baifan),the Company

3、s legal representative,石观群石观群(Shi Guanqun),the officer in charge of accounting,and 王晓碧王晓碧(Wang Xiaobi),the head of accounting department hereby declare that they guarantee the financial statements in this semi-annual report are authentic,accurate and complete.All members of the Board of Directors ha

4、ve attended the meeting of the Board of Directors for deliberation of this semi-annual report.The future plan and other forward-looking information disclosed in this semi-annual report shall not be regarded as a commitment to investors.We kindly remind investors of all possible risks in investments.

5、The Company will not distribute cash dividend,distribute bonus shares,or distribute shares from capital reserve during the current reporting period.This Semi-Annual Report is an English translation of the Chinese Semi-Annual Report.In case the English version does not conform to the Chinese version,

6、the Chinese version prevails.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.2 Contents Section I Important Notes,Contents,and Definitions.1 Section II Company Profile and Key Financial Indicators.5 Section III Management Discussion and Analysis.9 Section IV Corporate Governance.20 Section V Environ

7、mental and Social Responsibilities.22 Section VI Significant Events.27 Section VII Movements in Shares and Information about Shareholders.35 Section VIII Preferred Shares.40 Section IX Bonds.41 Section X Financial Report.42 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.3 Documents Available for Re

8、ference I.Financial statements signed and sealed by the Companys legal representative,officer in charge of accounting,and head of accounting department;II.Original copy of all the Companys documents and announcements published on the newspapers designated by CSRC within the reporting period III.Othe

9、r documents for reference.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.4 Definitions Abbreviations Refers to Contents of definitions The Company,NHU Refers to ZHEJIANG NHU CO.,LTD.CSRC Refers to China Securities Regulatory Commission PPS Refers to Polyphenylene sulfide PPA Refers to Poly phthalam

10、ide VOC Refers to Volatile organic compound NH-acid Refers to Taurine F5 Refers to Vitamin B5 ARC Refers to Accelerating ratecalori meter NBC Refers to Azabicycles CLA Refers to Karon anhydride SNCR Refers to Selective non-catalytic reduction 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.5 Section

11、 II Company Profile and Key Financial Indicators I.Company profile Stock abbreviation NHU Stock code 002001 Stock Exchange Shenzhen Stock Exchange Company Name in Chinese 浙江新和成股份有限公司 Company Abbreviation in Chinese 新和成 Company name in foreign language(if any)ZHEJIANG NHU CO.,LTD.Company Abbreviation

12、 in foreign language(if any)NHU Legal representative Hu Baifan II.Contact information Items Board secretary Securities affairs representative Name Shi Guanqun 曾淑颖(Zeng Shuying)Contact address No.418 Xinchang Dadao West Road,Xinchang,Zhejiang,P.R.China No.418 Xinchang Dadao West Road,Xinchang,Zhejian

13、g,P.R.China Tel.+86 575 86017157+86 575 86017157 Fax+86 575 86125377+86 575 86125377 E-mail address III.Other Information 1.Companys Contact Information Whether the Companys registered address,office address,zip code,website and e-mail address has changed during the reporting period Applicable Not a

14、pplicable The Companys registered address,office address,zip code,website and e-mail address have not changed during the reporting period,which can be found in the 2021 Annual Report.2.Information Disclosure and Location Whether information disclosure and location has changed during the reporting pe

15、riod Applicable Not applicable The name of the Companys selected information disclosure newspaper,the URL of the website designated by the CSRC where the semi-annual report is posted,and the place where the Companys semi-annual report is available have not changed during the reporting period,which c

16、an be found in the 2021 Annual Report.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.6 3.Other relevant Information Whether other relecant information has changed during the reporting period Applicable Not applicable IV.Key accounting data and financial indicators Whether the Company needs to perfo

17、rm retroactive adjustment or restatement on financial data of prior years Yes No Reason for retroactive adjustment or restatement Accounting policy changes and other reasons Items The Current Reporting Period The Same Period of the Previous Year Increase/Decrease at the end of the current reporting

18、period compared with the same period of the previous year Before adjustment After adjustmentNote2 After adjustment Operating revenue(yuan)8,215,039,277.03 7,254,221,638.01 7,340,124,310.11 11.92%Net profit attributable to shareholders of listed company(yuan)2,213,877,419.25 2,408,499,133.50 2,426,97

19、9,148.42-8.78%Net profit attributable to shareholders of listed company after deducting non-recurring profit or loss(yuan)2,094,055,949.62 2,279,454,655.63 2,279,438,579.04-8.13%Net cash flows from operating activities(yuan)1,242,456,738.20 2,271,157,481.77 2,289,637,496.69-45.74%Basic EPS(yuan/shar

20、e)0.72 0.78Note1 0.79 -8.86%Diluted EPS(yuan/share)0.72 0.78Note1 0.79 -8.86%Weighted average ROE 9.55%12.02%11.87%Decreased by 2.32 percentage points Items Jun.30,2022 Dec.31,2021 Increase/Decrease at the end of the current reporting period compared with the end of the previous year Before adjustme

21、nt After adjustmentNote2 After adjustment Total assets(yuan)37,815,015,843.65 34,692,165,111.88 34,724,025,476.79 8.90%Net assets attributable to shareholders of listed company(yuan)22,113,966,711.03 21,799,977,645.94 21,831,838,010.85 1.29%Note1 After the implementation of the Companys 2021 profit

22、distribution plan,its share capital was increased from 2,578,394,760 shares to 3,090,907,356 shares.The above EPS of the comparative period was recalculated based on the adjusted share capital.Note2 The company has implemented The Interpretation of Accounting Standards for Business Enterprises No.15

23、 since January 1,2022.The interpretation requires that if the company sells the products or by-products produced before the fixed assets reach the 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.7 expected serviceable state or during the research and development process,the income and cost related t

24、o the trial operation sales shall be accounted for separately and included in the current profit and loss,The net amount of the revenue from trial operation sales after offsetting the relevant costs shall not be used to offset the cost of fixed assets or R&D expenses.The company makes retroactive ad

25、justment according to requirements.V.Differences in accounting data under Chinese accounting standards and overseas accounting standards 1.Difference in net profit and net assets in financial statements disclosed respectively under IFRS Standards and Chinese accounting standards Applicable Not Appli

26、cable The Company has no difference in net profit or net assets in financial statements disclosed respectively under IFRS Standards and Chinese accounting standards.2.Difference in net profit and net assets in financial statements disclosed respectively under overseas accounting standards and Chines

27、e accounting standards Applicable Not Applicable The Company has no difference in net profit or net assets in financial statements disclosed respectively under overseas accounting standards and Chinese accounting standards.VI.Non-recurring profit or loss Applicable Not Applicable Unit:RMB Yuan Items

28、 Amount Gains or losses on disposal of non-current assets,including write-off of provision for impairment 6,674,850.81 Government grants included in profit or loss(excluding those closely related to operating activities of the Company,satisfying government policies and regulations,and continuously e

29、njoyed with certain quantity or quota based on certain standards)85,522,179.54 Gains or losses on assets consigned to the third party for investment or management 28,841,651.61 Gains or losses on changes in fair value of held-for-trading financial assets and held-for-trading financial liabilities,an

30、d investment income from disposal of held-for-trading financial assets and held-for-trading financial liabilities,excluding those arising from hedging business related to operating activities 9,071,898.92 Other non-operating revenue or expenditures 797,805.24 Less:Enterprise income tax affected 11,0

31、46,849.16 Non-controlling interest affected(after tax)40,067.33 Total 119,821,469.63 Remarks on other profit or loss satisfying the definition of non-recurring profit or loss:Applicable Not Applicable The Company has no other profit or loss satisfying the definition of non-recurring profit or loss.R

32、emarks on defining non-recurring profit or loss listed in the“Interpretation Pronouncement on Information Disclosure Criteria for 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.8 Public Companies No.1 Non-Recurring Profit or Loss”as recurring profit or loss.Applicable Not Applicable The Company has

33、 no situation of defining non-recurring profit or loss listed in the“Interpretation Pronouncement on Information Disclosure Criteria for Public Companies No.1 Non-Recurring Profit or Loss”as recurring profit or loss.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.9 Section III Management Discussion

34、and Analysis I.The main business of the Company during the reporting period The Company is a national high-tech company mainly engaged in the production and sales of nutrition,flavor and fragrance,new polymer materials,and APIs.It focuses on fine chemicals,adheres to the concept of innovation-led de

35、velopment and competition-driven growth,and continuously develops various functional chemicals based on the two core platforms of chemical and biology,providing value-added services and solutions to customers in more than 100 countries and regions around the world.It continuously improves the qualit

36、y of human life with high-quality,healthy and green products,and creates sustainable value for stakeholders.With leading technology,scientific management and sincere service,the Company has become one of the four major world vitamin manufacturers,one of the top 100 national fine chemical companies,o

37、ne of the top 10 companies in Chinas light of industry fragrance and a well-known special engineering plastics manufacturer.1.Main products and applications Nutrition:The Companys vitamin products,as the main business,have a substantial market share,with a prominent position in the industry and obvi

38、ous brand advantages.It is in a leading position in both domestic and overseas markets.Its main products include vitamin E,vitamin A,vitamin C,methionine,vitamin D3,biotin,coenzyme Q10,carotenoids,etc.They are mainly used in feed additives and nutrition supplements of food,beverages,health food,etc.

39、The Company actively implements the serialized and differentiated development of nutrition,and continuously improves the competitiveness of its products by optimizing the processing line and tackling key issues.In addition,through internal integration and external cooperation,it embraces the ideolog

40、y of open cooperation.It actively deploys cutting-edge biotechnology,and builds the Companys“Bio+”platform.Flavor and fragrance:At present,the main fragrance products target the global market,in which,the products are competitive,with a high market share and relatively stable market structure.The ma

41、in products include linalool,citral,and cis-3-hexenol series,and methyl dihydrojasmonate,raspberry ketone and ligustral,which are widely used in personal care,cosmetic and food fields.Relying on the two major technology platforms of chemical synthesis and biological fermentation,the Company continuo

42、usly enriches the varieties of fragrance products to meet the changing market demands.New polymer materials:The Company focuses on the development of high molecular polymers and key intermediates,and appropriately develops downstream applications of materials according to the principles of integrati

43、on and serialization.The entire industry chain of PPS from raw materials to high molecular polymers,then through modifying processing to special fibers has enabled the Company as the only company in China that can stably produce fiber grade,injection molding grade,extrusion grade and coating grade P

44、PS.The main products include PPS and PPA.They are mainly used in electronic and electrical,automotive,environmental protection,etc.APIs:The main products are concentrated in the series of vitamins and antibiotics.The main products include moxifloxacin hydrochloride,vitamin A,vitamin D3,etc.,which ar

45、e mainly used as active pharmaceutical ingredients for processing and producing pharmaceutical preparations.2.Main business models(1)Procurement model The Company has always been adhering to the procurement principle of“fairness,transparency and optimal cost”,and adopts a combination of long-term st

46、rategic cooperation and open competitive procurement,and makes best use of market trend analysis,to 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.10 ensure the stable supply of the Companys strategic materials.The Company pays attention to source procurement,and continuously promotes the removal o

47、f intermediate links in the supply chain to reduce procurement costs;the Company implements transparent procurement,and launches information systems such as procurement platform,supplier and bidding management system,etc.to make the procurement process more transparent,standardized and efficient,whi

48、ch promotes the healthy development of the supply chain and reduces costs and increases efficiency for the Companys operations.(2)Production model The Company has always been adhering to the production strategy based on the principle of“production and sales coordination,efficient operation,excellent

49、 quality,and cost leadership”.The Company maintained a balance between production and sales through analysis of changes in market demands,and reasonable production plans.In addition,the Company keeps innovating the production model,digging out internal potentials,and optimizing the production proces

50、s,in order to promote safe,green,standardized and efficient production,and continuously improve the competitiveness of its products.(3)Sales model The Company has always been adhering to the“customer-centric,market-oriented”sales strategy.It divides business lines by product application fields,and e

51、stablishes a sales model that suits market needs according to market characteristics and industry practices.Most of the Companys sales are achieved through direct sales.By doing so,it establishes long-term and stable strategic cooperative relationships with end customers to create greater value for

52、them.Meanwhile,it also selects excellent agents or distributors for distribution.By doing so,it services customers indirectly based on market and customer features.3.Key performance drivers The Company has built four modern industrial bases across the country.It adheres to the development strategy o

53、f integration,serialization and synergy,and insists on innovation-driven.Relying on the solid foundation of fine chemical industry,it focuses on“chemical+”and“biology+”to form NHU featured R&D models with industrial clusters,and technology and industry platforms interdependent.Not only can its produ

54、cts connect basic chemical raw materials in the upstream,but also extend to special intermediates,nutrition,flavor and fragrance,new polymer materials,and APIs in the downstream.It has formed a product network structure to resist risks and respond to market emergencies.During the reporting period,th

55、e companys original products were refined and the construction of new projects,the R&D of new products were carried out in an orderly manner.In the nutrition sector,the Companys second phase of methionine 250,000 tons/year project,of which 100,000-ton equipment was operating smoothly,with comprehens

56、ive competition continuously improved.And of which 150,000-ton equipment was constructed according to schedule and the construction is expected to be completed in June 2023.5,000 tons/year vitamin B6 and 3,000 tons/year B12 started production and sales,30,000 tons/year NH-acid project was constructe

57、d under schedule.In the Flavor and fragrance sector,the project with an annual output of 5,000 tons of menthol was constructed according to the schedule,and the project progress was controllable.In the new polymer materials sector,the commissioning of the phase III PPS project with an annual output

58、of 7,000 tons was progressing smoothly;The adiponitrile project was in the pilot test stage,and the project approval process was advancing in an orderly manner.In the API sector,the 500 tons/year azabicyclo project was commissioned and the products was sold.Now the process route has been opened and

59、the process is in the process of continuous improvement.In the future,the API product structure will be adjusted,transformed and upgraded,the specific project is in the process of approval.During the reporting period,in the face of the raging Covid-19 epidemic and the more complex international econ

60、omic situation,the Company coordinated the epidemic control and business development,actively responded to market changes,adjusted sales strategies,strengthened supply chain scheduling,reasonably arranged production plans to ensure its product supply,and strive to create value for customers and the

61、society,and achieved good business performance.During the reporting period,the business of flavor and fragrance,new polymer materials developed steadily.The sales volume of 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.11 methionine increased,the product price was stable,and the cost advantage was

62、 provided.The sales price and sales volume of main vitamin products decreased compared with the same period of the previous year.At the same time,affected by the domestic epidemic and the global political and economic environment,some raw materials price has increased,resulting in an increase in pro

63、duct costs.During the reporting period,the company realized an operating revenue of 8.22bn,with an increase of 11.92%over the same period of the previous year;The total profit was 2.62bn,with a decrease of 7.28%over the same period of the previous year;The net profit attributable to the shareholders

64、 of the listed company was 2.21bn,with a decrease of 8.78%over the same period of the previous year.Overall,in the first half of 2022,the company maintained a stable operating state,and the companys performance conformed to the development law of the industry.During the reporting period,the Companys

65、 main business and its business model remained unchanged.II.Core competitiveness analysis During the reporting period,the Companys core competitiveness remained unchanged,please refer to 2021 Annual Report of Zhejiang NHU Co.,Ltd.for details.III.Main Business Analysis Overview Refer to“I.The Main Bu

66、siness of the Company during the Reporting Period”Year-on-year changes in key financial data Unit:RMB Yuan Item The Current Reporting Period The Same Period of the Previous Year YoY growth rate Reasons for Changes Operating revenue 8,215,039,277.03 7,340,124,310.11 11.92%It was mainly due to the bus

67、iness growth of flavor and fragrance,and new polymer materials during the reporting period.Operating Cost 4,945,122,803.39 3,822,747,702.20 29.36%It was mainly due to the increase in the price of main raw materials during the reporting period.Sales Expenses 57,277,897.48 55,479,574.90 3.24%It was ma

68、inly due to the increase in salary during the reporting period.Administration Expenses 212,284,822.41 187,505,914.10 13.22%It was mainly due to the increase in salary during the reporting period.Financial Expenses 22,231,053.96 144,530,139.09-84.62%It was mainly due to exchange gains arising from ex

69、change rate fluctuations during the reporting period.Income Tax Expense 400,099,923.62 394,709,861.22 1.37%It was mainly due to the increase of deferred income tax expense.R&D Expense 440,357,252.64 351,532,764.55 25.27%It was mainly due to the increase of material inputs and salary during the repor

70、ting period.Net Cash Flows from Operating Activities 1,242,456,738.20 2,289,637,496.69-45.74%It was mainly due to the increase in the purchase amount of raw materials during the reporting period.Net Cash Flows from Investing Activities-1,073,929,985.26-1,084,929,925.41 1.01%It was mainly due to the

71、impact of the decrease in the purchase of financial products during the reporting period.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.12 Item The Current Reporting Period The Same Period of the Previous Year YoY growth rate Reasons for Changes Net Cash Flows from Financing Activities 574,156,254.

72、26 351,773,744.86 63.22%It was mainly due to the large amount of due loans repaid in the same period of last year.Net Increase in Cash and Cash Equivalents 737,171,030.93 1,512,856,721.48-51.27%It was mainly due to the increase in the purchase amount of raw materials during the reporting period.Sign

73、ificant changes in the composition of the Companys profit or sources of profit during the reporting period Applicable Not applicable No significant changes in the composition of the Companys profit or sources of profit during the reporting period.Operating Income Structure Unit:RMB Yuan Items The Cu

74、rrent Reporting Period The Same Period of the Previous Year YoY growth rate Amount%to total Amount%to total Total 8,215,039,277.03 100%7,340,124,310.11 100%11.92%By industry Pharmaceutical chemicals 7,585,238,197.37 92.33%6,844,674,505.10 93.25%10.82%Others 629,801,079.66 7.67%495,449,805.01 6.75%27

75、.12%By product Nutrition 5,768,862,111.12 70.22%5,503,992,723.67 74.98%4.81%Flavor and fragrance 1,522,994,415.83 18.54%1,161,042,438.38 15.82%31.17%New polymer materials 552,514,423.91 6.73%418,367,560.13 5.70%32.06%Others 370,668,326.17 4.51%256,721,587.93 3.50%44.39%By region Domestic sales 4,064

76、,052,343.93 49.47%3,381,461,901.23 46.07%20.19%Overseas sales 4,150,986,933.10 50.53%3,958,662,408.88 53.93%4.86%By sales model Direct sales 6,536,368,733.62 79.57%5,750,096,413.40 78.34%13.67%Agent sales 1,678,670,543.41 20.43%1,590,027,896.71 21.66%5.57%Industry,product,or regions accounting for m

77、ore than 10%of the Companys operating revenue or profit Applicable Not applicable Unit:RMB Yuan Items Operating revenue Operating cost Gross rate Growth rate of operating revenue Growth rate of operating cost Growth rate of gross rate By industry Pharmaceutical chemicals 7,585,238,197.37 4,435,652,7

78、68.85 41.52%10.82%28.29%Decreased by 7.96 percentage points By product Nutrition 5,768,862,111.12 3,430,472,272.00 40.53%4.81%29.06%Decreased by11.17 percentage points Flavor and fragrance 1,522,994,415.83 764,130,371.15 49.83%31.17%17.91%Increased by 5.65 percentage points By region 2022 Semi-Annua

79、l Report of Zhejiang NHU Co.,Ltd.13 Items Operating revenue Operating cost Gross rate Growth rate of operating revenue Growth rate of operating cost Growth rate of gross rate Domestic sales 4,064,052,343.93 2,739,229,159.94 32.60%20.19%39.34%Decreased by 9.26 percentage points Overseas sales 4,150,9

80、86,933.10 2,205,893,643.45 46.86%4.86%18.80%Decreased by 6.24 percentage points When the statistical caliber of the Companys main business data is adjusted in the reporting period,the Companys main business data in the most recent period should be subject to the one after the statistical caliber adj

81、usted at the end of the reporting period.Applicable Not applicable Reasons for over 30%changes in related data on year-on-year basis Applicable Not applicable By Product:Compared with the corresponding period of last year,the operating revenue of flavor and fragrance is increased by 31.17%,mainly du

82、e to the joint influence of the price rise and sales volume increase of such products.By Region:Compared with the corresponding period of last year,the operating cost of domestic sales is increased by 39.34%,mainly due to the increase in sales volume of nutrition products and the increase in freight

83、 costs.IV.Non-main business analysis Applicable Not Applicable Unit:RMB Yuan Items Amount%to total profit before tax Reason for balance Whether has continuity Investment income 51,479,744.19 1.96%It was mainly due to gains on financial products and profit generated by the associates during the repor

84、ting period.No Gains on changes in fair value 11,836,700.04 0.45%It was mainly due to changes in fair value of forward foreign exchange settlement during the reporting period.No Credit impairment loss(or less:losses)-10,613,626.22-0.40%It was mainly due to bad debts accrued in accounts receivable.No

85、 Assets impairment loss(or less:losses)-7,890,179.58-0.30%It was mainly due to losses arising from provision for impairment made on each asset in accordance with assets impairment principles.No Non-operating revenue 2,024,074.84 0.08%It was mainly due to indemnity income.No Non-operating expenditure

86、s 2,330,316.96 0.09%It was mainly due to donation expenditures during the reporting period.No Gains on asset disposal 6,674,850.81 0.25%It was mainly due to disposal of fixed assets.No Other income 86,626,226.90 3.30%It was mainly due to government grants received during the reporting period.No V.As

87、sets and liabilities analysis 1.Significant changes in asset composition Unit:RMB Yuan 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.14 Items Jun.30,2022 Dec.31,2021 Percentage of change Remarks on significant changes Amount%to total Amount%to total Cash and bank balances 6,590,012,908.26 17.43%5,

88、952,909,626.94 17.14%Increased by 0.29 percentage points Accounts receivable 3,061,875,600.52 8.10%2,755,168,573.14 7.93%Increased by 0.17 percentage points Inventories 4,562,173,216.89 12.06%3,193,657,367.16 9.20%Increased by 2.86 percentage points Long-term equity investments 383,722,022.14 1.01%3

89、51,327,625.75 1.01%There is no change.Fixed assets 14,895,938,812.24 39.39%14,350,779,852.73 41.33%Decreased by 1.94 percentage points Construction in progress 3,855,244,085.78 10.20%2,984,835,072.82 8.60%Increased by 1.60 percentage points Right-of-use assets 3,055,722.33 0.01%3,123,637.11 0.01%The

90、re is no change.Short-term borrowings 2,633,945,563.46 6.97%1,403,332,827.92 4.04%Increased by 2.93 percentage points Contract liabilities 82,505,836.42 0.22%61,135,258.36 0.18%Increased by 0.04 percentage points Long-term borrowings 5,070,255,993.98 13.41%5,148,811,786.49 14.83%Decreased by 1.42 pe

91、rcentage points Lease liabilities 2,845,348.72 0.01%2,936,868.15 0.01%There is no change.2.Major overseas assets Applicable Not applicable 3.Assets and liabilities at fair value Applicable Not Applicable Unit:RMB Yuan Items Opening balance Gains on changes in fair value Accumulated changes in fair v

92、alue included in equity Provision for impairment made in the current period Amount purchased during the reporting period Amount sold during the reporting period Other changes Closing balance Financial assets 1.Held-for-trading financial assets(derivative financial assets excluded)1,250,000,000.00 66

93、0,000,000.00 1,250,000,000.00 660,000,000.00 2.Derivative financial assets 736,359.24 8,819,105.53 9,555,464.77 Subtotal of financial assets 1,250,736,359.24 8,819,105.53 0.00 0.00 660,000,000.00 1,250,000,000.00 0.00 669,555,464.77 Total 1,250,736,359.24 8,819,105.53 0.00 0.00 660,000,000.00 1,250,

94、000,000.00 0.00 669,555,464.77 Financial liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Whether the Company has significant changes in measurement attributes of main assets during the reporting period 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.15 Yes No 4.Restrictions on assets as of the e

95、nd of the reporting period(1)Closing of cash and bank balances included deposits of 138,304,339.10 yuan pledged and not on demand for payments,which was with use restrictions.(2)Closing balance of receivables financing included 130,363,316.90 yuan pledged for bank acceptance and not on demand for pa

96、yments,which was with use restrictions.(3)Closing balance of notes receivable included 209,801,476.61 yuan pledged for bank acceptance and not on demand for payment,which was with use restrictions.(4)Closing carrying amount of fixed assets included 76,487,526.23 yuan mortgaged to the bank for borrow

97、ings,which was with use restrictions.(5)Closing carrying amount of intangible assets included 9,186,528.93 yuan mortgaged to the bank for borrowings,which was with use restrictions.VI.Investment status analysis 1.Overall information Applicable Not Applicable Investments during the reporting period(y

98、uan)Investments of the preceding period(yuan)Percentage of change 1,832,296,131.71 1,118,444,545.53 63.83%2.Significant equity investments made during the reporting period Applicable Not Applicable 3.Significant non-equity investments in progress during the reporting period Applicable Not Applicable

99、 4.Investments in financial assets(1)investments in securities Applicable Not Applicable There is no investment in securities during the reporting period.(2)Investments in derivatives Applicable Not Applicable Unit:RMB 0,000 yuan 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.16 Counterparty Relate

100、d party relationship Whether related party transaction Categories of derivative investments Initial investments Date of commencement Date of termination Opening balance Amount purchased during the reporting period Amount sold during the reporting period Provision for impairment(if any)Closing balanc

101、e Proportion of investments to net assets Profit or loss during the reporting period Bank Non-related party No Forward contracts 362,525.17 12/09/2021 12/28/2022 15,949.55 340,098.07 234,899.32 121,148.30 5.48%781.28 Bank Non-related party No Structured forward contracts 56,347.80 11/19/2021 12/23/2

102、022 13,400.00 30,077.30 12,702.00 30,775.30 1.39%125.91 Total 418,872.97-29,349.55 370,175.37 247,601.32 151,923.60 6.87%907.19 Fund source Self-owned fund Conditions of involved lawsuits(if applicable)None Disclosure date of the Board of Directors announcement for the approval of derivatives invest

103、ment(if any)April 15,2022 Disclosure date of the general meeting of shareholders announcement for the approval of derivatives investment(if any)Not Applicable Remarks on risk analysis and control measures for holding derivative positions during the reporting period(including but not limited to marke

104、t risk,liquidity risk,credit risk,operational risk,legal risk,etc.)In order to prevent exchange rate risks,the Company and its subsidiaries carried out derivative instrument businesses.The Company and its subsidiaries strictly implemented the Management Measures on Foreign Exchange Hedging Business.

105、In the case of changes in market prices or fair value of invested derivatives during the reporting period,the analysis on fair value of derivatives shall disclose the specific methods for their uses,and the setting of relevant assumptions and parameters Floating income from changes in fair value of

106、the invested derivatives amounted to 37.86 million yuan at the beginning of the reporting period;floating income from changes in fair value of the invested derivatives amounted to 11.84 million yuan at the end of the reporting period.Remarks on whether there were significant changes in the accountin

107、g policies and specific accounting principles for the Companys derivatives during the reporting period compared to the previous reporting period Not Applicable Special opinions of independent directors on the Companys derivatives investment and risk control The Company has formulated the Management

108、Measures on Foreign Exchange Hedging Business to strengthen internal control,implement risk prevention measures,improve the level of operation and management,and formulate specific operating procedures for foreign exchange hedging business.The Company has performed analysis on the feasibility of car

109、rying out foreign exchange hedging business,which indicated that in general,it is feasible to carry out foreign exchange hedging,for it can effectively reduce the risk of exchange rate fluctuations,and help stabilize the profit level.The contents of and review procedures for the event comply with re

110、levant laws,regulations,normative documents,the Articles of Association,etc.,and would not damage the interests of the Company and other shareholders.We all agree that the Company shall carry out foreign exchange hedging business this time.5.Use of raised funds Applicable Not Applicable (1)Overall u

111、se of raised funds Applicable Not Applicable 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.17 Unit:RMB 0,000 yuan Year of fund-raising Way of fund-raising Total amount raised Amount used in the current period Accumulated amount of raised funds used Total raised funds with changes in uses during th

112、e reporting period Accumulated amount of raised funds with changes in uses during the reporting period Proportion of raised funds with changes in uses to total raised funds Total raised funds not yet used Purposes of raised funds not yet used and the whereabouts Raised funds being idle for over two

113、years Year 2017 Private placement of shares 486,707.55 69,281.63 278,026.26 0 0 0.00%208,681.29 Deposited in special accounts for raised funds,used to purchase bank financial products,deposited as structured deposits 0 Total-486,707.55 69,281.63 278,026.26 0 0 0.00%208,681.29-0 Remarks on overall us

114、e of raised funds The Companys raised funds used in previous years amounted to 2,087.45 million yuan,the net amount of interest on cash in bank received in previous years less handling charges amounted to 51.75 million yuan,gains on financial products and structured deposits received in previous yea

115、rs amounted to 574.66 million yuan,and the net expenditure on financial products and structured deposits purchased in previous years amounted to 2,450.00 million yuan;the raised funds actually used in the first half of 2022 amounted to 692.82 million yuan,the net amount of interest on cash in bank r

116、eceived in the first half of 2022 less handling charges amounted to 11.30 million yuan,gains on financial products and structured deposits received in the first half of 2022 amounted to 41.36 million yuan,and the net recovery from financial products and structured deposits purchased in the first hal

117、f of 2022 amounted to 1,530.00 million yuan;the accumulated amount of the raised funds used amounted to 2,780.26 million yuan,the accumulated net amount of interest on cash in bank received less handling charges amounted to 63.05 million yuan,the accumulated amount of gains on financial products and

118、 structured deposits received amounted to 616.01 million yuan,and net expenditure on financial products and structured deposits purchased amounted to 920.00 million yuan.As of June 30,2022,the balance of the special account for raised funds amounted to 1,845.88 million yuan(including the net amount

119、of interest on cash in bank less handling charges,gains on financial products and structured deposits received on an accumulated basis).(2)Committed projects with raised funds Applicable Not Applicable Unit:RMB 0,000 yuan Committed investment projects and over-raised funds whereabouts Whether change

120、d(including partial changed)Total committed investment in raised funds Total amount after adjustment(1)Input during the reporting period Accumulated input as of the period end(2)Investment progress as of the period end(3)=(2)/(1)Date of reaching designed usable conditions Benefit realized in the rep

121、orting period Whether the expected benefit is reached Whether there was significant changes in feasibility of the project Committed investment projects Methionine project with annual output of 0.25 million tons No 486,707.55 486,707.55 69,281.63 278,026.26 57.12%Partially reached the designed usable

122、 conditions 35,194.89 Yes No Subtotal-486,707.55 486,707.55 69,281.63 278,026.26-35,194.89-Over-raised funds whereabouts No Total-486,707.55 486,707.55 69,281.63 278,026.26-35,194.89-Conditions of and reasons for not meeting the planned schedule or estimated revenue(by specific project)Pursuant to t

123、he results deliberated and approved by the eighth meeting of the eighth session of Board of Directors and the seventh meeting of the eighth session of the Board of Supervisors dated October 27,2021,the Company intended to adjust the date when the methionine project with annual output of 0.25 million

124、 tons reaches the designed usable conditions from the originally planned December 2021 to June 2023,with other contents remaining unchanged.Main reasons:Due to the impact of the COVID-19 and the macro economy,the construction progress of the projects infrastructure has been delayed,the procurement a

125、nd delivery time of some equipment and materials has been extended,the installation and commissioning of equipment has been delayed,and the overall 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.18 progress of the investment projects with raised funds has slowed down,which jointly resulted in the p

126、ostponement of delivery of the projects.Currently,the 100,000-ton production line of the project has been completed and is in normal operation,and the 150,000-ton production line is under construction.Remarks on significant changes in feasibility of projects None.Amount,purposes and progress of use

127、of over-raised funds Not Applicable Changes in implementation locations of investment projects with raised funds Not Applicable Adjustment on the implementation method of investment projects with raised funds Not Applicable Preliminary investment and replacement of investment projects with raised fu

128、nds Applicable Preliminary investment amounted to 36.06 million yuan,and the replacement of raised funds is completed.Temporary replenishment of working capital with idle raised funds Not Applicable Amount of and reasons for the balance of raised funds in the implementation of projects Not Applicabl

129、e Uses and whereabouts of unused raised funds Deposited in special accounts for raised funds,used to purchase bank financial products,deposited as structured deposits Problems or other situations in the use and disclosure of raised funds None.(3)Change of projects with raised funds Applicable Not Ap

130、plicable There is no change of projects with raised funds during the reporting period.VII.Sale of major assets and equities 1.Sale of major assets Applicable Not Applicable There is no sale of major assets during the reporting period.2.Significant sale of equities Applicable Not Applicable VIII.Majo

131、r entities controlled or invested by the Company Applicable Not Applicable Major subsidiaries and investees with influence on net profit of the Company over 10%(inclusive)Unit:RMB Yuan Entities Categories Major businesses Registered capital Total assets Net assets Operating revenue Operating profit

132、Net profit 山东新和成药业有限公司(Shandong NHU Pharmaceutical Subsidiary Production and sales of fragrances 586 million yuan 3,764,384,291.53 3,122,293,885.52 1,795,208,550.81 674,635,047.60 579,387,483.37 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.19 Entities Categories Major businesses Registered capita

133、l Total assets Net assets Operating revenue Operating profit Net profit Co.,Ltd.*)山东新和成氨基酸有限公司(Shandong NHU Amino-acids Co.,Ltd.*)Subsidiary Production and sales of methionine 930 million yuan 6,370,967,608.24 5,277,619,767.93 1,820,189,293.19 619,774,650.89 528,677,676.98 山东新和成维生素有限公司(Shandong NHU

134、Vitamins Co.,Ltd.*)Subsidiary Production and sales of feed additives 500 million yuan 3,590,584,985.65 2,466,436,986.11 1,195,430,349.69 546,299,798.06 474,304,150.35 上虞新和成生物化工有限公司(Shangyu NHU Bio-Chem Co.,Ltd.*)Subsidiary Production and sales of feed additives 50 million yuan 4,925,737,910.91 3,664

135、,072,222.94 771,030,608.61 299,904,474.20 263,309,156.89 Details of acquisition and disposal of subsidiaries during the reporting period Applicable Not Applicable Subsidiaries Method for acquisition and disposal of subsidiaries during the reporting period Effect on the overall production,operation a

136、nd performance NHU/Chr.Olesen Latin America A/SNote Acquisition No significant effect at the beginning of the period.Note NHU/CHR.OLESEN LATIN AMERICA A/S holds two subsidiaries,respectively NHU/CHR.OLESEN BRASIL LTDA.，holding 100%,and CHR.OLESEN MEXICO SAPI DE CV,holding 88%.IX.Structured entities

137、controlled by the Company Applicable Not Applicable X.Risks and countermeasures During the reporting period,the Companys risks and countermeasures remained unchanged,please refer to 2021 Annual Report of Zhejiang NHU Co.,Ltd.for details.*The English names are for identification purpose only.2022 Sem

138、i-Annual Report of Zhejiang NHU Co.,Ltd.20 Section IV Corporate Governance I.Annual general meeting and extraordinary general meetings held during the reporting period 1.General meeting of shareholders Session Type of meetings Proportion of participating investors Meeting date Disclosure date Resolu

139、tions General meeting of shareholders of 2021 Annual general meeting of shareholders 52.50%May 10,2022 May 11,2022 11 proposals including the Annual Work Report of the Board of Directors of 2021 were deliberated and approved.Please refer to Announcement No.2022-029 disclosed on http:/ for details.2.

140、Preference shareholders with restored voting rights request to convene an extraordinary general meeting Applicable Not applicable II.Changes of directors,supervisors and senior executives Applicable Not applicable Name Position Type Date Reasons 郑根土 (Zheng Gentu)Vice President Leave office upon expi

141、ration of term of office Jan 31,2022 Expiration of employment III.Profit distribution and conversion of capital reserve into share capital Applicable Not applicable The Company will not distribute cash dividend,distribute bonus shares,or distribute shares from capital reserve during the current repo

142、rting period.IV.Implementation of equity incentive plans,employee stock ownership plans or other employee incentive programs Applicable Not applicable 1.Equity incentive Not applicable.2.Implementation of employee stock ownership plans Applicable Not applicable All active employee stock ownership pl

143、ans during the reporting period Scope of employees Number of employees Total shares held Changes Proportion to total share capital of the Company Sources of fund to implement the plan Directors,supervisors,senior executives of the Company,and regular employees 681 12,157,826 N/A 0.39%Legal remunerat

144、ion of the employees,self-raised funds and other methods 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.21 Scope of employees Number of employees Total shares held Changes Proportion to total share capital of the Company Sources of fund to implement the plan of the Company and its holding subsidiar

145、ies or wholly-owned subsidiaries who meet the criteria permitted by laws and administrative regulations Shareholdings of directors,supervisors and senior executives in the employee stock ownership plan during the reporting period Name Position Number of shares held at the beginning of the reporting

146、period Number of shares held at the end of the reporting period Proportion to total share capital of the Company Hu Baishan,Shi Guanqun,Wang Xuewen,Wang Zhengjiang,Zhou Guiyang,Yu Baijin,Shi Fangbin,Lyu Guofeng,Yu Hongwei,Yan Hongyue,Chen Zhaofeng,Zheng Gentu Directors,supervisors and senior executi

147、ves 1,334,431 1,601,317 0.05%Changes in asset management agency during the reporting period Applicable Not applicable Changes in equity during the reporting period due to disposal of shares by holders,etc.Applicable Not applicable 3、Other remarks 1.On May 25,2022,the Company implemented the Annual E

148、quity Distribution of 2021,and the shares held by the third phase of employee stock ownership plan were transferred from 10,131,522 shares to 12,157,826 shares after the transfer,with the proportion to total share capital of the Company unchanged.2.The number of shares held by directors,supervisors

149、and senior executives in the employee stock ownership plan is measured based on the proportion of shares of holders to the total shares of the employee stock ownership plan.4.Other employee incentive programs Applicable Not applicable 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.22 Section V Envi

150、ronmental and Social Responsibilities I.Major environmental issues Whether the Company and its subsidiaries belong to the key pollutant discharging units announced by departments of environmental protection administration Yes No 1 COD,NH3-N,SO,NOx,TN,VOC,PM and TP stand for chemical oxygen demand,am

151、monia nitrogen,sulfur dioxide,nitrogen oxides,total nitrogen,volatile organic compound,particulate matter and total phosphorus,respectively.2 The English name is for identification purpose only.Name Name of main pollutants and pollutant characteristics1 Discharge method Number of discharge outlets D

152、istribution of discharge outlets Discharge concentration Executive pollutant discharge standard Total amount of discharge Total verified amount of discharge Excessive discharge or not The Company COD Sewer connection 1 Plant area 153mg/L 500mg/L 12.56t 189.5t/a No The Company NH3-N Sewer connection

153、1 Plant area 6.6mg/L 35mg/L 0.1t 13.28t/a No The Company SO Filtered discharge 1 Plant area 19mg/m 50mg/m 0.55t 8.612t/a No The Company NOx Filtered discharge 1 Plant area 38mg/m 50mg/m 0.4t 28t/a No Shangyu NHU Bio-Chem Co.,Ltd.COD Sewer connection 1 Plant area 288.144mg/L 500mg/L 144.596t 447.4t/a

154、 No Shangyu NHU Bio-Chem Co.,Ltd.NH3-N Sewer connection 1 Plant area 13.958mg/L 35mg/L 7.004t 31.318t/a No Shangyu NHU Bio-Chem Co.,Ltd.TN Sewer connection 1 Plant area 24.389mg/L 70mg/L 12.239t 62.637t/a No Shangyu NHU Bio-Chem Co.,Ltd.NOx Filtered discharge 1 Plant area 8.557mg/m 200mg/m 1.501t 12

155、.96t/a No Shangyu NHU Bio-Chem Co.,Ltd.VOC Filtered discharge 1 Plant area 4.615mg/m 100mg/m 0.883t 217.182t/a No 浙江新和成药业有限公司(Zhejiang NHU Pharmaceutical Co.,Ltd.2)COD Sewer connection 1 Plant area 288.144mg/L 500mg/L 94.612t 292.37t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.NH3-N Sewer connection 1

156、Plant area 13.958mg/L 35mg/L 4.583t 20.467t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.TN Sewer connection 1 Plant area 24.389mg/L 70mg/L 8.008t 40.932t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.VOC Filtered discharge 2 Plant area 3.028mg/m 100mg/m 0.538t 167.91t/a No Zhejiang NHU Pharmaceutical Co.,Lt

157、d.NOx Filtered discharge 1 Plant area 3.61mg/m 200mg/m 0.256t 8.64t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.NOx Filtered discharge 1 Plant area 87.865mg/m 300mg/m 20.49t 28.08t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.NOx Filtered discharge 1 Plant area 3mg/m 50mg/m 1.575t 65.85t/a No Zhejiang NHU

158、Pharmaceutical Co.,Ltd.SO Filtered discharge 1 Plant area 3.521mg/m 50mg/m 0.804t 37.94t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.SO Filtered discharge 1 Plant area 3mg/m 200mg/m 0.394t 91.42t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.PM Filtered discharge 1 Plant area 3.034mg/m 15mg/m 0.207t 0.304t/

159、a No Zhejiang NHU Pharmaceutical Co.,Ltd.PM Filtered discharge 1 Plant area 3.988mg/m 30mg/m 0.914t 8.42t/a No Zhejiang NHU Pharmaceutical Co.,Ltd.PM Filtered discharge 1 Plant area 3.33mg/m 20mg/m 0.194t 77.597t/a No Zhejiang NHU Special Materials Co.,Ltd.PM Filtered discharge 2 Plant area 2.7mg/m

160、5mg/m 0.7644t 17.73t/a No 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.23 3 COD,NH3-N,SO,NOx,TN,VOC,PM and TP stand for chemical oxygen demand,ammonia nitrogen,sulfur dioxide,nitrogen oxides,total nitrogen,volatile organic compound,particulate matter and total phosphorus,respectively.The English

161、name is for identification purpose only.Name Name of main pollutants and pollutant characteristics3 Discharge method Number of discharge outlets Distribution of discharge outlets Discharge concentration Executive pollutant discharge standard Total amount of discharge Total verified amount of dischar

162、ge Excessive discharge or not Zhejiang NHU Special Materials Co.,Ltd.SO Filtered discharge 2 Plant area 5.8mg/m 35mg/m 1.8240t 67.92t/a No Zhejiang NHU Special Materials Co.,Ltd.NOx Filtered discharge 2 Plant area 14.8mg/m 50mg/m 2.6464t 83.28t/a No Zhejiang NHU Special Materials Co.,Ltd.VOC Filtere

163、d discharge 2 Plant area 16.1mg/m 60mg/m 1.8868t 69.72t/a No Zhejiang NHU Special Materials Co.,Ltd.COD Sewer connection 1 Plant area 289mg/L 500mg/L 58.583t 182.1t/a No Zhejiang NHU Special Materials Co.,Ltd.NH3-N Sewer connection 1 Plant area 14mg/L 35mg/L 2.788t 12.747t/a No Zhejiang NHU Special

164、Materials Co.,Ltd.TN Sewer connection 1 Plant area 30mg/L 70mg/L 6.156t 25.494t/a No Shandong NHU Pharmaceutical Co.,Ltd.PM Filtered discharge 5 Plant area 2.96mg/m 10mg/m 0.816t 5.761t/a No Shandong NHU Pharmaceutical Co.,Ltd.SO Filtered discharge 4 Plant area 2.7mg/m 50mg/m 0.210t 4.006t/a No Shan

165、dong NHU Pharmaceutical Co.,Ltd.NOx Filtered discharge 5 Plant area 31.4mg/m 100mg/m 13.28t 75.513t/a No Shandong NHU Pharmaceutical Co.,Ltd.VOC Filtered discharge 3 Plant area 28.9mg/m 60mg/m 2.388t 28.481t/a No Shandong NHU Pharmaceutical Co.,Ltd.COD Sewer connection 1 Plant area 523mg/L 1000mg/L

166、127t 598.22t/a No Shandong NHU Pharmaceutical Co.,Ltd.NH3-N Sewer connection 1 Plant area 16.6mg/L 100mg/L 4.12t 59.82t/a No Shandong NHU Pharmaceutical Co.,Ltd.TN Sewer connection 1 Plant area 42.8mg/L 120mg/L 10.4t 65.64t/a No 山东新和成药业有限公司热电分公司(Thermal Power Branch of Shandong NHU Pharmaceutical Co

167、.,Ltd.)PM Filtered discharge 1 Plant area 1.48mg/m 5mg/m 1.79t 10.51t/a No Thermal Power Branch of Shandong NHU Pharmaceutical Co.,Ltd.SO Filtered discharge 1 Plant area 19.9mg/m 35mg/m 22.4t 73.61t/a No Thermal Power Branch of Shandong NHU Pharmaceutical Co.,Ltd.NOx Filtered discharge 1 Plant area

168、25.6mg/m 50mg/m 32.8t 105.16t/a No Shandong NHU Amino-acids Co.,Ltd.SO Filtered discharge 4 Plant area 7.41mg/m 50mg/m 4.8377t 92.59t/a No Shandong NHU Amino-acids Co.,Ltd.NOx Filtered discharge 3 Plant area 57.4mg/m 100mg/m 51.8716t 230.77t/a No Shandong NHU Amino-acids Co.,Ltd.PM Filtered discharg

169、e 5 Plant area 1.28mg/m 10mg/m 1.4628t 21.19t/a No Shandong NHU Amino-acids Co.,Ltd.VOC Filtered discharge 4 Plant area 2.94mg/m 60mg/m 15.9256t 123.27t/a No Shandong NHU Amino-acids Co.,Ltd.COD Sewer connection 1 Plant area 352mg/L 1000mg/L 69.71t 592.22t/a No Shandong NHU Amino-acids Co.,Ltd.NH3-N

170、 Sewer connection 1 Plant area 2.1mg/L 100mg/L 0.4191t 59.222t/a No Shandong NHU Amino-acids Co.,Ltd.TN Sewer connection 1 Plant area 46.2mg/L 120mg/L 9.28t 70.38t/a No Shandong NHU Vitamins Co.,Ltd.VOC Filtered discharge 4 Plant area 10mg/m 60mg/m 0.96t 173.53t/a No Shandong NHU Vitamins Co.,Ltd.SO

171、 Filtered discharge 2 Plant area 13mg/m 50mg/m 1.951t 63.24t/a No Shandong NHU Vitamins Co.,Ltd.NOx Filtered discharge 4 Plant area 45mg/m 100mg/m 18.355t 107.53t/a No 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.24 Construction and operation of pollution prevention and control facilities The com

172、pany has established the environmental protection concept of green development:1.Introduce the concept of green chemistry to develop and produce more environmentally friendly products.2.We should change from a support type to a responsibility type,and do a good job in source reduction,process contro

173、l,and end treatment.3.Pursue reduction,resources and harmlessness,build an ecological factory,and realize the harmonious development of human and nature.4 COD,NH3-N,SO,NOx,TN,VOC,PM and TP stand for chemical oxygen demand,ammonia nitrogen,sulfur dioxide,nitrogen oxides,total nitrogen,volatile organi

174、c compound,particulate matter and total phosphorus,respectively.Name Name of main pollutants and pollutant characteristics4 Discharge method Number of discharge outlets Distribution of discharge outlets Discharge concentration Executive pollutant discharge standard Total amount of discharge Total ve

175、rified amount of discharge Excessive discharge or not Shandong NHU Vitamins Co.,Ltd.PM Filtered discharge 5 Plant area 3mg/m 10mg/m 0.861t 13.93t/a No Shandong NHU Vitamins Co.,Ltd.COD Sewer connection 1 Plant area 510mg/L 2000mg/L 7.333t 40.51t/a No Shandong NHU Vitamins Co.,Ltd.NH3-N Sewer connect

176、ion 1 Plant area 20mg/L 100mg/L 0.734t 4.05t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 8.24mg/m 30mg/m 1.47t 43.812t/a No Heilongjiang NHU Biotechnology Co.,Ltd.NOx Filtered discharge 1 Plant area 92.81mg/m 200mg/m 16.54t 99.11t/a No Heilongjiang NHU Biotechnolog

177、y Co.,Ltd.SO Filtered discharge 1 Plant area 77.42mg/m 200mg/m 13.80t 142.33t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 26.25mg/m 200mg/m 0.22t 43.812t/a No Heilongjiang NHU Biotechnology Co.,Ltd.NOx Filtered discharge 1 Plant area 98.13mg/m 240mg/m 0.82t 99.11t/

178、a No Heilongjiang NHU Biotechnology Co.,Ltd.SO Filtered discharge 1 Plant area 111.35mg/m 850mg/m 0.93t 142.33t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 20.95mg/m 200mg/m 0.17t 43.812t/a No Heilongjiang NHU Biotechnology Co.,Ltd.NOx Filtered discharge 1 Plant ar

179、ea 97.27mg/m 240mg/m 0.80t 99.11t/a No Heilongjiang NHU Biotechnology Co.,Ltd.SO Filtered discharge 1 Plant area 111.02mg/m 850mg/m 0.91t 142.33t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 19.41mg/m 200mg/m 0.15t 43.812t/a No Heilongjiang NHU Biotechnology Co.,Ltd

180、.NOx Filtered discharge 1 Plant area 76.49mg/m 240mg/m 0.61t 99.11t/a No Heilongjiang NHU Biotechnology Co.,Ltd.SO Filtered discharge 1 Plant area 110.46mg/m 850mg/m 0.88t 142.33t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 28.36mg/m 200mg/m 0.21t 43.812t/a No Heil

181、ongjiang NHU Biotechnology Co.,Ltd.NOx Filtered discharge 1 Plant area 68.78mg/m 240mg/m 0.51t 99.11t/a No Heilongjiang NHU Biotechnology Co.,Ltd.SO Filtered discharge 1 Plant area 127.12mg/m 850mg/m 0.94t 142.33t/a No Heilongjiang NHU Biotechnology Co.,Ltd.PM Filtered discharge 1 Plant area 8.24mg/

182、m 120mg/m 1.05t 43.812t/a No Heilongjiang NHU Biotechnology Co.,Ltd.VOC Filtered discharge 2 Plant area 61.64mg/m 150mg/m 6.12t 118.8t/a No Heilongjiang NHU Biotechnology Co.,Ltd.COD Sewer connection 1 Plant area 200.23mg/L 350mg/L 540.67t/No Heilongjiang NHU Biotechnology Co.,Ltd.NH3-N Sewer connec

183、tion 1 Plant area 1.23mg/L 35mg/m 3.33t/No Heilongjiang NHU Biotechnology Co.,Ltd.TP Sewer connection 1 Plant area 2.06mg/L 6mg/L 5.56t/No 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.25 Wastewater treatment:the company has a complete wastewater treatment system;There are wastewater collection sy

184、stems for production sewage,domestic sewage,initial rainwater,accident water,etc.to achieve the separation of clean water and sewage and the separation of rain and sewage.The waste water tank is covered and sealed,and all the waste gas generated is effectively collected and finally incinerated to ef

185、fectively reduce the waste gas emission.Waste gas treatment:the company adopts nitrogen sealing system to effectively reduce waste gas emission;According to different waste gas compositions and properties,different pretreatment technologies are adopted.Meanwhile,the company introduces advanced waste

186、 gas treatment devices from abroad to strengthen the waste gas treatment capacity.The waste gas leakage detection and repair(LDAR)shall be carried out regularly every year to effectively supervise and reduce the unorganized waste gas.The company actively upgraded the coal-fired heat-conducting oil f

187、urnace to replace coal with gas,introduced natural gas boilers,carried out low nitrogen transformation,and added SNCR denitration facilities at the end,actively carried out nitrogen oxide treatment.The operation and maintenance of the odor evaluation system facilities,pay attention to the monitoring

188、 data of all monitoring points every day,do a timely trend analysis,and basically realize the early warning,traceability and evaluation of the companys odor.Solid waste disposal:the company has built a standardized hazardous waste temporary storage warehouse and hazardous waste incineration device.T

189、he outsourced solid waste is entrusted to a qualified unit for treatment,and is transferred in strict accordance with the requirements of the management measures for five copies of hazardous waste transfer.Noise prevention and control:low noise equipment shall be selected,and noise reduction measure

190、s of foundation vibration reduction shall be taken for equipment that does not need to be fixed.In addition to foundation vibration reduction,sound insulation covers shall be added around the noise source for sound insulation for air compressors,blowers and various pumps.Emergency management:install

191、 on-line exhaust gas monitor around the plant boundary to monitor the plant boundary environment in real time;The VOC online monitor is introduced to monitor the exhaust emission data in real time and upload the detection data to the monitoring platform;The online monitoring of wastewater by one ent

192、erprise and one pipe monitors the wastewater discharge indicators in real time and uploads them to the Environmental Protection Bureau normally;Introduce the domestic first-class overhead flare technology to deal with the waste gas produced abnormally in the production process;The introduction of do

193、mestic first-class Leakage Stoppage Technology under pressure will reduce the abnormal leakage of pipelines,valves,flanges and tanks to the minimum,thus reducing the impact on the environment caused by a large number of leakage.Environmental impact assessment(EIA)of construction projects and other a

194、dministrative permits for environmental protection The companys annual production of 500 tons of Karon anhydride,500 tons of azabicycles and 800 tons of sodium sulfate,and 250,000 tons of methionine(phase II)have all obtained the EIA approval.Environmental emergency response plan Zhejiang NHU specia

195、l materials Co.,Ltd.formulated the emergency plan for environmental emergencies of 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.26 Zhejiang NHU special materials Co.,Ltd.in accordance with the administrative measures for the filing of emergency plans for environmental emergencies of enterprises a

196、nd institutions(for Trial Implementation)issued by the state and the actual situation of the company,and reported it to the Shangyu branch of Shaoxing Ecological Environment Bureau in June 2022 for filing.On May 25,2022,Shandong NHU amino acid Co.,Ltd.reapplied for the emergency plan for environment

197、al emergencies,with the number of 370703-2022-048-h,which is within the validity period.Environmental self-monitoring program The company has good pollutant emission monitoring and management ability and can timely inform the environmental protection administrative department and the public of the m

198、onitoring information.The company has developed relevant self-test plans,which cover the indicators of the companys organized waste gas,unorganized waste gas and groundwater.At the same time,a third-party testing company is entrusted to carry out regular monitoring.The company implements environment

199、al information disclosure in strict accordance with the national,provincial,municipal and county requirements on enterprise environmental information disclosure.Each subsidiary has made enterprise environmental protection information public on platforms such as the environmental information manageme

200、nt system of provincial and municipal key pollutant discharge units.Administrative penalties for environmental problems during the reporting period Name Reasons for punishment Violations Results of punishment Impact on the production and operation of the Company Rectification measures of the Company

201、 N/A N/A N/A N/A N/A N/A Other environmental information that should be disclosed None.Measures taken to reduce carbon dioxide emissions during the reporting period and their effects Applicable Not applicable In the research and development of new products,the carbon emission of 10,000 yuan output v

202、alue is taken as an important indicator for the process route and environmental feasibility assessment of new products.The green development technology is applied in the research and development of new products to improve the atomic utilization rate and reduce the carbon emission generated by the co

203、nsumption of raw materials from the source.Other information related to environmental protection None.II.Social responsibilities None.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.27 Section VI Significant Events I.Commitment performance fulfilled during the reporting period and not fulfilled as o

204、f the end of the reporting period by parties related to commitments including the actual controller of the Company,shareholders,related parties,acquirers and the Company Applicable Not Applicable Commitments Parties making commitments Types of commitments Content of commitments Time of commitment Te

205、rm of commitment Performance Commitments to shares reform None None None None None Commitments made in reports on acquisition and changes in equity None None None None None Commitments made in asset restructuring None None None None None Commitments made in IPO or refinancing NHU Holding Group Co.,L

206、td.and 张平一(Zhang Pingyi),石程(Shi Cheng),袁益中(Yuan Yizhong),Hu Baishan,Shi Guanqun,Wang Xuewen,崔欣荣(Cui Xinrong),王旭林(Wang Xulin)Commitments on horizontal competition,related party transactions and occupation of funds The signing of Commitment on No Engagement in Horizontal Competition and commitments on

207、 no engagement in business activities result in horizontal competition with operations of the Company after listing.June 25,2004 Long-term Strictly performed Hu Baifan;Hu Baishan;Shi Guanqun;Wang Xuewen;Cui Xinrong;Wang Zhengjiang;Zhou Guiyang The Companys directors,senior executives committed to pe

208、rform their duties faithfully and diligently to safeguard the legitimate rights and interests of the Company and shareholders,and make the following commitments in accordance with the relevant provisions of the CSRC for the full performance of measures on filling immediate returns:1.not to transfer

209、benefits to other entities or individuals without compensation or on unfair terms,and not to use other means to harm benefits of the Company;2.to impose restrictions on duty consumption of member of the Board of Directors and senior executives;3.not to use assets of the Company to engage in investme

210、nt or consumption activities not related to duty performance;4.to link remuneration January 12,2017 Long-term Strictly performed 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.28 II.Non-operating occupation of funds over listed companies by controlling shareholders and other related parties Applica

211、ble Not Applicable There is no non-operating occupation of funds over listed companies by controlling shareholders and other related parties during the reporting period.III.Illegal external guarantees Applicable Not Applicable There is no illegal external guarantee during the reporting period.IV、Eng

212、agement and dismissal of accounting firms Whether the semi-annual report has been audited or not system formulated by the Board of Directors or remuneration committee to the implementation of measures on filling immediate returns;5.to link vesting conditions of equity incentive to be published in th

213、e future to the implementation of measures on filling immediate returns.Hu Baifan;NHU Holding Group Co.,Ltd.Not to interfere in the Companys business and management activities in excess of authority;not to encroach on benefits of the Company;to perform measures on filling immediate returns in a prac

214、tical way.January 12,2017 Long-term Strictly performed Commitments to equity incentive None None None None None Other commitments to minority shareholders of the Company NHU Holding Group Co.,Ltd.Share increase commitment During the period of increasing the shares of the company and within the legal

215、 period,NHU Holding Group Co.,Ltd.will not reduce the shares of the company and will complete the increase plan within the above implementation period.May 18,2022 6 months Strictly performed Whether commitments are performed on time Yes If commitment performance is not fulfilled on time,please expla

216、in detailed reasons for it and the next work plans.Not applicable 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.29 Yes No The semi-annual report has not been audited.V.Statements by the Board of Directors,the Board of Supervisors on the“Modified Auditors Report”issued by the accounting firm during

217、 the reporting period Applicable Not Applicable VI.Explanations by the Board of Directors on the“Modified Auditors Report”issued by the accounting firm last year Applicable Not Applicable VII.Matters related to bankruptcy and restructuring Applicable Not Applicable There are no matters related to ba

218、nkruptcy and restructuring during the reporting period.VIII.Lawsuits Significant lawsuits and arbitration Applicable Not Applicable There is no significant lawsuit and arbitration during the reporting period.Other lawsuits Applicable Not Applicable IX.Penalties and rectification Applicable Not Appli

219、cable X.Integrity of the Company,its controlling shareholders and the actual controller Applicable Not Applicable XI.Significant related party transactions 1.Related party transactions relevant to daily operations Applicable Not Applicable There is no related party transaction relevant to daily oper

220、ations during the reporting period.2.Related party transactions in purchase or sale of assets or equities Applicable Not Applicable There is no related party transaction in purchase or sale of assets or equities during the reporting period.3.Related party transactions in joint external investments A

221、pplicable Not Applicable There is no related party transaction in joint external investments during the reporting period.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.30 4.Related party creditors rights and debts Applicable Not Applicable There is no related creditors rights or debts during the re

222、porting period.5.Transactions with related financial companies Applicable Not Applicable There is no business of deposits,loans,credit granting or other financial businesses between the Company and its related financial companies.6.Transactions between financial companies controlled by the Company a

223、nd the Companys related parties Applicable Not Applicable There is no business of deposits,loans,credit granting or other financial businesses between financial companies controlled by the Company and the Companys related parties.7.Other significant related party transactions Applicable Not Applicab

224、le There is no other significant related party transaction during the reporting period.XII.Significant contracts and performance 1.Matters of trusteeship,contracting and leases(1)Trusteeship Applicable Not Applicable There is no trusteeship during the reporting period.(2)Contracting Applicable Not A

225、pplicable There is no contracting during the reporting period.(3)Leases Applicable Not Applicable There is no lease during the reporting period.2.Significant guarantees Applicable Not Applicable Unit:RMB 0,000 yuan External guarantees by the Company and its subsidiaries to third parties(guarantees t

226、o subsidiaries are excluded)Guaranteed parties Announcement date of disclosure of amount guaranteed Amount guaranteed Actual commencement date Actual amount guaranteed Types of guarantees Collaterals(if any)Counter guarantees(if any)Period of guarantee Whether the guarantee is mature Whether guarant

227、ee for related parties Total amount of guarantees approved during the reporting 0 Total amount actually guaranteed during the reporting period(A2)0 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.31 period(A1)Total amount of guarantees approved at the end of the reporting period(A3)0 Total amount ac

228、tually guaranteed at the end of the reporting period(A4)0 The Companys guarantees to subsidiaries Guaranteed parties Announcement date of disclosure of amount guaranteed Amount guaranteed Actual commencement date Actual amount guaranteed Types of guarantees Collaterals(if any)Counter guarantees(if a

229、ny)Period of guarantee Whether the guarantee is mature Whether guarantee for related parties Heilongjiang NHU Biotechnology Co.,Ltd.12/28/2018 200,000.00 06/24/2019 200,000.00 Joint and several liability guarantee 06/24/2019-12/31/2023 No No Shandong NHU Vitamins Co.,Ltd.12/28/2018 90,000.00 11/29/2

230、019 50,000.00 Joint and several liability guarantee 11/29/2019-12/21/2023 No No NHU(Hong Kong)Trading Co.,Ltd.05/22/2020 120,000.00 09/7/2020 53,691.20 Joint and several liability guarantee 09/07/2020-09/07/2023 No No Shandong NHU Fine Chemical Science and Technology Co.,Ltd.05/22/2020 50,000.00 03/

231、24/2021 50,000.00 Joint and several liability guarantee 03/24/2021-12/25/2025 No No NHU(Hong Kong)Trading Co.,Ltd.04/22/2021 120,000.00 06/18/2021 7,008.38 Joint and several liability guarantee 06/18/2021-06/17/2022 Yes No NHU(Hong Kong)Trading Co.,Ltd.04/22/2021 120,000.00 07/16/2021 7,008.38 Joint

232、 and several liability guarantee 07/16/2021-07/14/2022 No No Heilongjiang NHU Biotechnology Co.,Ltd.04/22/2021 40,000.00 08/26/2021 37,000.00 Joint and several liability guarantee 08/26/2021-12/21/2025 No No NHU(Hong Kong)Trading Co.,Ltd.04/22/2021 120,000.00 09/8/2021 82.38 Joint and several liabil

233、ity guarantee 09/08/2021-01/30/2022 Yes No Zhejiang NHU Imports&Exports Co.,Ltd.04/22/2021 10,000.00 09/22/2021 10,000.00 Joint and several liability guarantee 09/22/2021-05/31/2022 Yes No NHU(Hong Kong)Trading Co.,Ltd.04/22/2021 120,000.00 12/9/2021 63.93 Joint and several liability guarantee 12/09

234、/2021-05/30/2022 Yes No 新昌新和成维生素有限公司(Xinchang NHU Vitamins Co.,Ltd.*)04/22/2021 40,000.00 12/16/2021 29,000.00 Joint and several liability guarantee 12/16/2021-12/25/2026 No No NHU(Hong Kong)Trading Co.,Ltd.04/22/2021 120,000.00 03/28/2022 35.99 Joint and several liability guarantee 03/28/2022-09/08

235、/2022 No No NHU(Hong Kong)Trading 05/11/2022 130,000.00 05/10/2022 5,369.12 Joint and several 05/10/2022-05/10/2023 No No *The English name is for identification purpose only.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.32 Co.,Ltd.liability guarantee NHU(Hong Kong)Trading Co.,Ltd.05/11/2022 130,0

236、00.00 05/27/2022 97.58 Joint and several liability guarantee 05/27/2022-11/01/2022 No No Zhejiang NHU Imports&Exports Co.,Ltd.05/11/2022 15,000.00 05/31/2022 15,000.00 Joint and several liability guarantee 05/31/2022-05/30/2023 No No NHU(Hong Kong)Trading Co.,Ltd.05/11/2022 130,000.00 06/17/2022 7,0

237、08.38 Joint and several liability guarantee 06/17/2022-06/18/2023 No No Zhejiang NHU Pharmaceutical Co.,Ltd.05/11/2022 60,000.00 06/24/2022 55,000.00 Joint and several liability guarantee 06/24/2022-06/23/2027 No No Total amount of guarantees approved for subsidiaries during the reporting period(B1)

238、225,000 Total amount actually guaranteed for subsidiaries during the reporting period(B2)82,511.07 Total amount of guarantees approved for subsidiaries at the end of the reporting period(B3)651,735.57 Total amount actually guaranteed for subsidiaries at the end of the reporting period(B4)509,210.65

239、Guarantees by subsidiaries to subsidiaries Guaranteed parties Announcement date of disclosure of amount guaranteed Amount guaranteed Actual commencement date Amount actually guaranteed Types of guarantees Collaterals(if any)Counter guarantee(if any)Period of guarantee Whether the guarantee is mature

240、 Whether guarantee for related parties Total amount of guarantees approved for subsidiaries during the reporting period(C1)0 Total amount actually guaranteed for subsidiaries during the reporting period(C2)0 Total amount of guarantees approved for subsidiaries at the end of the reporting period(C3)0

241、 Total amount actually guaranteed for subsidiaries at the end of the reporting period(C4)0 Total amount guaranteed by the Company(namely sum of the above three items)Total amount of guarantees approved during the reporting period(A1+B1+C1)225,000 Total amount actually guaranteed during the reporting

242、 period(A2+B2+C2)82,511.07 Total amount of guarantees approved at the end of the reporting period(A3+B3+C3)651,735.57 Total amount actually guaranteed at the end of the reporting period(A4+B4+C4)509,210.65 Proportion of the amount actually guaranteed(A4+B4+C4)to net assets of the Company 23.03%Inclu

243、ding:Balance of guarantees for shareholders,the actual controller and its related parties(D)0 Balance of debt guarantee directly or indirectly for guaranteed parties with debt to asset ratio exceeding 70%(E)331,000 The amount of the total amount guaranteed exceeding 50%of net assets(F)0 Total amount

244、 guaranteed of three items above(D+E+F)331,000 Remarks on unexpired guarantee contracts with guarantee liabilities incurred or evidence indicating the possibility of undertaking joint liquidation liabilities during the reporting period(if applicable)None Remarks on external guarantee in violation of

245、 provisions(if applicable)None 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.33 3.Entrusted financing Applicable Not Applicable Entrusted financing during the reporting period Unit:RMB 0,000 yuan Types Source of entrusted funds Entrusted amount Unexpired balance Overdue and not recovered amount Im

246、pairment amount accrued for financial products overdue and not recovered Bank financial products Raised funds 275,000 92,000 0 0 Total 275,000 92,000 0 0 High-risk entrusted financial products with individual significant amount or low security and poor liquidity Applicable Not Applicable When the pr

247、incipal of entrusted financial products is expected to be irrevocable or there are other conditions result in impairment of entrusted financial products Applicable Not Applicable 4.Other significant contracts Applicable Not Applicable There is no other significant contract during the reporting perio

248、d.XIII.Other significant events Applicable Not Applicable Progress of the Share Repurchase Plan Please refer to“Progress of the Share Repurchase Plan”under the item“I.Movements in shares”in“Section VII Movements in Shares and Conditions of Shareholders”for details.II Progress of the Third Employee S

249、tock Ownership Plan The third employee stock ownership plan of the Company was deliberated and adopted by the second extraordinary shareholders meeting of 2020 held on November 11,2020,the current employee stock ownership plan is managed by the Company itself,and the Companys shares are acquired and

250、 held by stock purchase through secondary market,the duration shall not exceed 24 months.On February 26,2022,the number of shares held by the third employee stock ownership plan of the Company was 10,131,522,accounting for 0.39%of the companys total share capital at that time,and the lock-up period

251、expired.On May 25,2022,holding shares in the third phase of employee stock ownership plan increased to 12,157,826 shares after the Companys annual equity distribution of 2021,accounting for 0.39%of total current shares.For more details,please refer to The Suggestive Announcement on the Expiration of

252、 Lock-up period of the Third Employee Stock Ownership plan（2022-004）published on the companys designated information disclosure media and cninfo（http:/）.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.34 III Progress of shareholding increase by controlling shareholders Based on the confidence in the

253、 sustainable and stable development of the company in the future and the recognition of the companys value,and to enhance investors confidence,the controlling shareholder of the company,NHU Holding Group Co.,Ltd plans to increase its holdings of the companys shares in the next six months through the

254、 ways allowed by the trading system of Shenzhen Stock Exchange(including but not limited to centralized bidding,block trading,etc.),and the amount of shares to be increased is not less than RMB 300 mn and not more than RMB 600 mn.There is no price range in this shareholding increase plan,and the sha

255、reholding increase plan will be gradually implemented according to the fluctuation of the companys stock price and the overall trend of the capital market.For more details,please refer to The Announcement of Controlling Shareholders Share Increase Plan(2022-031)published on the companys designated i

256、nformation disclosure media and cninfo（http:/）on May 18,2022.By June 30,2022,NHU Holding Group Co.,Ltd had increased its holdings by 4,195,452 shares.IV Progress of Investment Project with Raised Funds With the approval of 2017 No.1684 document of China Securities Regulatory Commission,the companys

257、lead underwriter,CSC Securities Co.,Ltd.,privately issued 175 million common shares(A shares)to specific objects at an issue price of RMB 28.00/share,raising a total of RMB 4,900 million.After deducting the underwriting and recommendation fees of RMB 30 million yuan(including tax),the raised funds a

258、mounted to RMB 4,870 million,which was remitted to the raised funds supervision account of the company by the lead underwriter,CSC Securities Co.,Ltd.on December 7,2017.In addition,after deducting lawyer fees,audit fees,capital verification fees and other issuance expenses of RMB 4.62 million(exclud

259、ing tax),and considering the deductible VAT input tax of RMB 1.70 million of underwriting fees and recommendation fees deducted by the lead underwriter,the net amount of funds raised was RMB 4,867.08 million.The availability of the above raised funds has been verified by Tianjian Certified Public Ac

260、countants(special general partnership),who issued the capital verification report(2017 No.503).From January 1 to June 30,2022,the actual use of the raised funds was RMB 692.82 mn,and the accumulated investment of the raised funds project was RMB 2,780.26 mn.By June 30,2022,the balance of raised fund

261、s was RMB 2,765.88 mn(including financial products and structured deposits,the net amount of interest on cash in bank less handling charges,gains on financial products and structured deposits received on an accumulated basis).XIV.Significant events of subsidiaries of the Company Applicable Not Appli

262、cable 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.35 Section VII Movements in Shares and Information about Shareholders I.Movements in shares 1.Details Unit:Share Items Before Movements（+/-）After Quantity%to total Issue of new shares Bonus shares Reserve transferred to shares Others Subtotal Qua

263、ntity%to total I.Restricted shares 30,311,835 1.18%6,062,367 6,062,367 36,374,202 1.18%1.Held by other domestic parties 30,311,835 1.18%6,062,367 6,062,367 36,374,202 1.18%Including:Held by domestic natural persons 30,311,835 1.18%6,062,367 6,062,367 36,374,202 1.18%II.Unrestricted shares 2,548,082,

264、925 98.82%506,450,229 506,450,229 3,054,533,154 98.82%1.RMB ordinary shares 2,548,082,925 98.82%506,450,229 506,450,229 3,054,533,154 98.82%III.Total 2,578,394,760 100.00%512,512,596 512,512,596 3,090,907,356 100.00%Reason for movements Applicable Not Applicable The 2021 annual general meeting of sh

265、areholders held on May 10,2022 reviewed and approved the Proposal on Profit Distribution Plan of 2021,which was implemented and completed on May 25,2022.The Annual Equity Distribution Plan for 2021:Based on 2,562,562,984 shares(the total share capital of the company at that time,which was 2,578,394,

266、760 shares,excluded 15,831,776 repurchased shares),distributated cash dividends of RMB 7(tax included)per 10 shares to all shareholders,with a total cash distribution of RMB 1,793,794,088.80(tax included),and distributated 2 shares per 10 shares by converting capital reserve to all shareholders,with

267、 a total of 512,512,596 shares added,after the increase,the total share capital amounted to 3,090,907,356 shares.Approval on movements in shares Applicable Not Applicable Please refer to“Reason for movements”under the item“I.Movements in shares”in“Section VII Movements in Shares and Conditions of Sh

268、areholders”for details.Transfer of shares Applicable Not Applicable Progress of the Share Repurchase Plan Applicable Not Applicable At the 7th Meeting of the 8th Board of Directors held on August 18,2021,Zhejiang NHU Co.,Ltd.(hereinafter referred to as“the company”)deliberated and adopted The Propos

269、al on Share Repurchase Plan of the Company,agreed that the company would use its own funds to repurchase part of the public shares of the company in the form of centralized bidding transaction.And the shares 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.36 repurchased would be used for implementin

270、g equity incentive plan or employee stock ownership plan.The total amount of repurchase would be RMB300-600mn,and the repurchase price would be no more than RMB41/share.The specific amount of shares repurchased and its proportion in the total share capital shall be subject to the actual amount of sh

271、ares repurchased at the expiration of the repurchase period.The implementation period of the share repurchase plan shall not exceed 12 months from the date when the board of directors of the company deliberates and adopts The Proposal on Share Repurchase Plan of the Company.By May 31,2022,the compan

272、y has repurchased 17,485,676 shares in the form of centralized bidding trading through Zhejiang NHU Co.,Ltd.Repurchase Securities Account,accounting for 0.5657%of the companys total share capital.The maximum transaction price is RMB 31.88/share,the minimum transaction price is RMB 20.20/share,and th

273、e cumulative transaction amount is RMB 500,019,703.22(excluding transaction costs).During the reporting period,6,497,307 shares were repurchased in total with a cumulative transaction amount of RMB 179,684,551.90(excluding transaction costs).The actual repurchase period is from August 31,2021 to May

274、 30,2022.The share repurchase plan complies with the requirements of relevant laws and regulations and the companys established repurchase plan.The Share Repurchase Plan of the Company has been implelmented.For more details,please refer to The Announcement on the progress of repurchasing shares of t

275、he company and the completion of repurchasing(2022-032)published on the companys designated information disclosure media and cninfo（http:/）.(Note:the company implemented the 2021 annual equity distribution on May 25,2022,and the proportion of the number of repurchased company shares in the total cap

276、ital stock of the company has been adjusted accordingly.)Implementation progress of shareholding reduction for shares repurchased through centralized bidding Applicable Not applicable Effect of movements in shares on financial indicators of preceding year and preceding eriod such as basic EPS and di

277、luted EPS,net assets per share attributable to shareholders of ordinary shares Applicable Not Applicable Please refer to“Company Profile and Key Financial Indicators”under the item“IV.Key accounting data and financial indicators”for details.Other contents the Company considered as necessary or secur

278、ities regulatory institutions required disclosure Applicable Not applicable 2.Movement in restricted shares Applicable Not applicable Unit:Share Shareholders Number of restricted shares at the beginning of the period Number of restricted shares unlocked during the current period Number of restricted

279、 shares increased during the current period Number of restricted shares at the end of the period Reason for restriction Date of unlocking Hu Baifan 8,701,873 1,740,375 10,442,248 Locked up for the shares are held by the executive 75%of total shares held by the executive are locked up on an annual ba

280、sis.Hu Baishan 9,122,455 1,824,491 10,946,946 Locked up for the shares are held by the executive 75%of total shares held by the executive are locked up on an annual basis.Shi Guanqun 6,548,649 1,309,730 7,858,379 Locked up for the shares are held by the executive 75%of total shares held by the execu

281、tive are locked up on an annual basis.Wang Xuewen 5,548,707 1,109,741 6,658,448 Locked up for the 75%of total shares 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.37 Shareholders Number of restricted shares at the beginning of the period Number of restricted shares unlocked during the current peri

282、od Number of restricted shares increased during the current period Number of restricted shares at the end of the period Reason for restriction Date of unlocking shares are held by the executive held by the executive are locked up on an annual basis.Wang Zhengjiang 286,875 57,375 344,250 Locked up fo

283、r the shares are held by the executive 75%of total shares held by the executive are locked up on an annual basis.Zhou Guiyang 103,276 20,655 123,931 Locked up for the shares are held by the executive 75%of total shares held by the executive are locked up on an annual basis.Total 30,311,835 0 6,062,3

284、67 36,374,202-II.Issuance and listing of securities Applicable Not Applicable III.Number of shareholders of the Company and their shareholding conditions Unit:Share Total shareholders of ordinary shares at the end of the reporting period 93,348 Total shareholders of preferred shares with voting righ

285、ts restored at the end of the reporting period 0 Shareholders with holding proportion over 5%or the top 10 shareholders with largest holding proportions Shareholders Nature of shareholders Holding proportion Quantity of ordinary shares at the end of the reporting period Movements during the reportin

286、g period Quantity of restricted shares Quantity of unrestricted shares Shares pledged,marked or frozen Condition Quantity NHU Holding Group Co.,Ltd.Domestic non-state-owned legal person 48.74%1,506,479,825 254,576,181 0 1,506,479,825 Hong Kong Securities Clearing Company Limited Overseas legal perso

287、n 3.10%95,701,262 21,807,933 0 95,701,262 Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Huizhi Fund Others 1.75%54,072,200 9,012,033 0 54,072,200 National Social Security Fund No.503Portfolio Others 0.91%28,000,000 8,000,000 0 28,000,000 Kuwait Investment Authority Overseas leg

288、al person 0.56%17,222,802 1,904,100 0 17,222,802 Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Yingzhi Fund Others 0.53%16,248,559 1,018,422 0 16,248,559 Hu Baishan Domestic natural person 0.47%14,595,929 2,432,655 10,946,946 3,648,983 Beijing Yuanfeng Private Equity Fund Manag

289、ement Others 0.46%14,372,624 2,395,437 0 14,372,624 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.38 Partnership(LP)Yuanfeng Value Private Equity Investment Fund Chongyang Group Co.,Ltd.Domestic non-state-owned legal person 0.45%13,962,191 2,327,032 0 13,962,191 Hu Baifan Domestic natural person 0

290、.45%13,922,998 2,320,500 10,442,248 3,480,750 Strategic investors or ordinary legal persons that became one of the top 10 shareholders due to the allotment of new shares Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Huizhi Fund became one of the top 10 shareholders with largest

291、 holding proportions due to its participation in private placement of shares in 2017.Remarks on relationships or concerted action between the top 10 shareholders with largest holding proportions Among the above shareholders,Hu Baifan is the chairman of the board,general manager and actural controlle

292、r of NHU Holding Group Co.,Ltd.;Hu Baishan is the director of NHU Holding Group Co.,Ltd.,and Hu Baifan and Hu Baishan are brothers.The Company does not know whether other shareholders have relationships and whether they are persons acting in concert as defined in Administration of the Takeover of Li

293、sted Companies Procedures.Remarks on proxy voting and waiver of voting right of the above shareholders None Special remarks on top 10 shareholders with special repurchase accounts The Companys special securities account for repurchase is attributable to the top 10 shareholders,who however did not pa

294、rticipate in the presentation of such balances.Top 10 shareholders with unrestricted shares Shareholders Quantity of unrestricted shares at the end of the reporting period Category of shares Category Quantity NHU Holding Group Co.,Ltd.1,506,479,825 RMB ordinary shares 1,506,479,825 Hong Kong Securit

295、ies Clearing Company Limited 95,701,262 RMB ordinary shares 95,701,262 Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Huizhi Fund 54,072,200 RMB ordinary shares 54,072,200 National Social Security Fund No.503Portfolio 28,000,000 RMB ordinary shares 28,000,000 Kuwait Investment A

296、uthority 17,222,802 RMB ordinary shares 17,222,802 Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Yingzhi Fund 16,248,559 RMB ordinary shares 16,248,559 Beijing Yuanfeng Private Equity Fund Management Partnership(LP)Yuanfeng Value Private Equity Investment Fund 14,372,624 RMB or

297、dinary shares 14,372,624 Chongyang Group Co.,Ltd.13,962,191 RMB ordinary shares 13,962,191 Agricultural Bank Of China Limited-Franklin Guohai deepening value hybrid securities investment fund 13,187,519 RMB ordinary shares 13,187,519 The CompanyEmployee stock ownership plan phase III 12,157,826 RMB

298、ordinary shares 12,157,826 Remarks on relationships or concerted action between the top 10 shareholders with unrestricted shares,and between the top 10 shareholders with unrestricted shares and top 10 shareholders with largest holding proportions.Among the above shareholders,Hu Baifan is the chairma

299、n of the board,general manager and actural controller of NHU Holding Group Co.,Ltd.;Hu Baishan is the director of NHU Holding Group Co.,Ltd.,and Hu Baifan and Hu Baishan are brothers.The Company does not know whether other shareholders have relationships and whether they are persons acting in concer

300、t as defined in Administration of the Takeover of Listed Companies Procedures.Remarks on top 10 shareholders of ordinary shares participating in securities margin trading Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Huizhi Fund holds 54,072,127 shares through client account of

301、 collateral securities for margin trading of Guotai Junan Securities Co.,Ltd.;Shanghai Chongyang Strategic Investment Co.,Ltd.Chongyang Strategic Yingzhi Fund holds 3,677,161 shares through client account of collateral securities for margin trading of Citic Securities Co.,Ltd.;Beijing Yuanfeng Priva

302、te Equity Fund Management Partnership(LP)Yuanfeng Value Private Equity Investment Fund holds 7,186,304 shares through client account of collateral securities for margin trading of Huatai Securities Co.,Ltd.;Chongyang Group Co.,Ltd.holds 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.39 13,961,946 s

303、hares through client account of collateral securities for margin trading of China Merchants Securities Co.,Ltd.Note:The Companys special securities account for repurchase is attributable to the top 10 shareholders with unrestricted shares,who however did not participate in the presentation of such b

304、alances.Did the top 10 shareholders of ordinary shares and the top 10 shareholders of unrestricted ordinary shares perform agreed repurchase transaction during the reporting period?Yes No The top 10 shareholders of ordinary shares and the top 10 shareholders of unrestricted ordinary shares did not p

305、erform agreed repurchase transaction during the reporting period.IV.Movement in shares of directors,supervisors and senior executives Applicable Not Applicable Name Position Status Number of shares held at the beginning of the period(shares)Number of shares increased during the current period(shares

306、)Number of shares decreased during the current period(shares)Number of shares held at the end of the period(shares)Number of unrestricted shares held at the beginning of the period(shares)Number of restricted shares granted during this period(shares)Number of restricted shares held at the end of the

307、 period(shares)Hu Baifan Chairman Incumbent 11,602,498 2,320,500 13,922,998 0 0 0 Hu Baishan Vice Chairman,President Incumbent 12,163,274 2,432,655 14,595,929 0 0 0 Shi Guanqun Director,Vice President,CFO,Secretary of the Board Incumbent 8,731,532 1,746,306 10,477,838 0 0 0 Wang Xuewen Director,Vice

308、 President Incumbent 7,398,276 1,479,655 8,877,931 0 0 0 Wang Zhengjiang Director Incumbent 382,500 76,500 459,000 0 0 0 Zhou Guiyang Director Incumbent 137,702 27,540 165,242 0 0 0 Total-40,415,782 8,083,156 0 48,498,938 0 0 0 V.Changes of holding shareholders or controlling shareholders Changes of

309、 holding shareholders during the reporting period Applicable Not applicable The Company has no changes of holding shareholders during the reporting period.Changes of actual controller within the reporting period Applicable Not applicable The Company has no changes in actual controller within the rep

310、orting period.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.40 Section VIII Preferred Shares Applicable Not applicable The Company has no preferred shares during the reporting period.2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.41 Section IX Bonds Applicable Not applicable 2022 Semi-Annual Repo

311、rt of Zhejiang NHU Co.,Ltd.42 Section X Financial Report I.Audit Reports Has the semi-annual report been audited Yes No The Companys semi-annual report has not been audited.II.Financial Statements The monetary unit of the financial statements is Renminbi(RMB)Yuan.1.Consolidated balance sheet Prepare

312、d by Zhejiang NHU Co.,Ltd.June 30,2022 Unit:RMB Yuan Items June 30,2022 January 1,2022 Current assets:Cash and bank balances 6,590,012,908.26 5,952,909,626.94 Settlement funds Loans to other banks Held-for-trading financial assets 669,555,464.77 1,250,736,359.24 Derivative financial assets Notes rec

313、eivable 339,143,431.45 349,145,316.03 Accounts receivable 3,061,875,600.52 2,755,168,573.14 Receivables financing 198,094,359.06 182,891,179.65 Advances paid 123,291,222.99 78,969,960.60 Premiums receivable Reinsurance accounts receivable Reinsurance reserve receivable Other receivables 247,863,734.

314、11 254,497,248.13 Including:Interest receivable Dividend receivable 7,159,278.00 Financial assets under reverse repo Inventories 4,562,173,216.89 3,193,657,367.16 Contract assets Assets held for sale Non-current assets due within one year Other current assets 330,618,923.96 895,782,268.87 Total curr

315、ent assets 16,122,628,862.01 14,913,757,899.76 Non-current assets:2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.43 Items June 30,2022 January 1,2022 Loans and advances Debt investments Other debt investments Long-term receivables Long-term equity investments 383,722,022.14 351,327,625.75 Other equ

316、ity instrument investments 22,998,147.55 22,998,147.55 Other non-current financial assets Investment property Fixed assets 14,895,938,812.24 14,350,779,852.73 Construction in progress 3,855,244,085.78 2,984,835,072.82 Productive biological assets Oil&gas assets Right-of-use assets 3,055,722.33 3,123

317、,637.11 Intangible assets 1,616,112,930.87 1,521,729,757.66 Development expenditures Goodwill 4,410,005.33 Long-term prepayments 16,384,122.78 18,591,707.06 Deferred tax assets 67,981,760.16 55,805,191.95 Other non-current assets 826,539,372.46 501,076,584.40 Total non-current assets 21,692,386,981.

318、64 19,810,267,577.03 Total assets 37,815,015,843.65 34,724,025,476.79 Current liabilities:Short-term borrowings 2,633,945,563.46 1,403,332,827.92 Central bank loans Loans from other banks Held-for-trading financial liabilities Derivative financial liabilities Notes payable 930,489,306.12 694,124,946

319、.73 Accounts payable 1,768,457,348.99 1,435,966,427.76 Advances received Contract liabilities 82,505,836.42 61,135,258.36 Financial liabilities under repo Absorbing deposit and interbank deposit Deposit for agency security transaction Deposit for agency security underwriting Employee benefits payabl

320、e 253,936,770.96 370,609,333.07 Taxes and rates payable 272,513,121.07 420,743,262.69 Other payables 133,386,496.99 56,712,103.36 Including:Interest payable Dividend payable Handling fee and commission payable 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.44 Items June 30,2022 January 1,2022 Reins

321、urance accounts payable Liabilities held for sale Non-current liabilities due within one year 3,198,114,745.29 2,029,499,509.43 Other current liabilities 6,558,814.10 5,133,310.10 Total current liabilities 9,279,908,003.40 6,477,256,979.42 Non-current liabilities:Insurance policy reserve Long-term b

322、orrowings 5,070,255,993.98 5,148,811,786.49 Bonds payable Including:Preferred shares Perpetual bonds Lease liabilities 2,845,348.72 2,936,868.15 Long-term payables Long-term employee benefits payable Provisions Deferred income 1,072,925,873.88 1,063,699,676.16 Deferred tax liabilities 201,277,061.78

323、 135,751,304.31 Other non-current liabilities Total non-current liabilities 6,347,304,278.36 6,351,199,635.11 Total liabilities 15,627,212,281.76 12,828,456,614.53 Equity:Share capital 3,090,907,356.00 2,578,394,760.00 Other equity instruments Including:Preferred shares Perpetual bonds Capital reser

324、ve 3,613,594,210.48 4,121,063,080.96 Less:Treasury shares 500,059,711.25 320,360,784.48 Other comprehensive income 30,637,305.79-1,614,172.31 Special reserve 17,141,311.39 12,692,218.51 Surplus reserve 1,289,197,380.00 1,289,197,380.00 General risk reserve Undistributed profit 14,572,548,858.62 14,1

325、52,465,528.17 Total equity attributable to the parent company 22,113,966,711.03 21,831,838,010.85 Non-controlling interest 73,836,850.86 63,730,851.41 Total equity 22,187,803,561.89 21,895,568,862.26 Total liabilities&equity 37,815,015,843.65 34,724,025,476.79 Legal representative:Hu Baifan Officer

326、in charge of accounting:Shi Guanqun Head of accounting department:Wang Xiaobi 2.Parent company balance sheet Unit:RMB Yuan 2022 Semi-Annual Report of Zhejiang NHU Co.,Ltd.45 Items June 30,2022 January 1,2022 Current assets:Cash and bank balances 4,904,862,272.30 4,319,521,960.26 Held-for-trading fin

327、ancial assets 400,000,000.00 200,000,000.00 Derivative financial assets Notes receivable 309,913,802.00 349,145,316.03 Accounts receivable 849,054,429.84 746,349,980.29 Receivables financing Advances paid 5,124,146.44 203,802,390.93 Other receivables 2,672,267,915.31 3,095,039,415.47 Including:Inter

328、est receivable Dividend receivable 7,159,278.00 Inventories 465,108,312.18 442,360,365.52 Contract assets Assets held for sale Non-current assets due within one year Other current assets 2,866,947.56 552,376,721.31 Total current assets 9,609,197,825.63 9,908,596,149.81 Non-current assets:Debt invest

329、ments Other debt investments Long-term receivables Long-term equity investments 8,129,972,859.07 8,054,952,017.02 Other equity instrument investments 22,998,147.55 22,998,147.55 Other non-current financial assets Investment property Fixed assets 645,778,266.15 674,187,271.03 Construction in progress

330、 4,279,290.33 1,396,104.03 Productive biological assets Oil&gas assets Right-of-use assets 2,872,394.68 2,952,929.08 Intangible assets 111,139,636.32 113,952,307.99 Development expenditures Goodwill Long-term prepayments 3,440,588.11 4,266,859.15 Deferred tax assets 29,808,237.08 33,889,948.73 Other

331、 non-current assets 8,752,356.88 2,311,441.46 Total non-current assets 8,959,041,776.17 8,910,907,026.04 Total assets 18,568,239,601.80 18,819,503,175.85 Current liabilities:Short-term borrowings 1,413,346,166.66 582,373,105.49 Held-for-trading financial liabilities 2022 Semi-Annual Report of Zhejia

332、ng NHU Co.,Ltd.46 Items June 30,2022 January 1,2022 Derivative financial liabilities Notes payable 648,046,083.95 464,150,033.90 Accounts payable 83,879,353.09 84,472,375.02 Advances received Contract liabilities 12,538,596.01 13,839,278.19 Employee benefits payable 58,704,495.05 88,415,827.18 Taxes

333、 and rates payable 14,565,380.56 60,253,580.60 Other payables 18,739,292.29 15,631,151.00 Including:Interest payable Dividend payable Liabilities held for sale Non-current liabilities due within one year 2,065,982,274.26 1,238,333,387.67 Other current liabilities 1,630,017.44 1,799,106.15 Total current liabilities 4,317,431,659.31 2,549,267,845.20 Non-current liabilities:Long-term borrowings 2,629