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中国建材(03323) - 2024年第三季度报告
2024-10-25 13:49
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ( 在 中 華 人 民 共 和 國 註 冊 成 立 的 成 員 責 任 有 限 的 股 份 有 限 公 司 ) 2024年第三季度報告 茲提述本公司日期為2024年3月26日、2024年3月27日、2024年4月1日、2024年4月22 日、2024年4月23日、2024年4月25日、2024年7月4日、2024年7月8日、2024年8月9日、 2024年8月12日、2024年8月14日、2024年9月13日、2024年9月18日、2024年9月20日的 公告及日期為2024年4月5日的通函。 本公司於2024年3月8日在中國銀行間債券市場統一註冊債務融資工具TDFI(包含但不限 於超短期融資券、短期融資券、中期票據、永續票據、資產支持票據、綠色債務融資工 具),分類別分期發行,期限兩年。自本公司日期為2024年4月29日的2024年第一季度報 告公告起至本公告日止,本公司已發行兩期超短期融資券和一期中 ...
中国建材(03323) - 关连交易成立合营公司
2024-10-25 13:30
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 關連交易 成立合營公司 二零二四年十月二十五日,邯鄲中材、南京玻纖院(本公司間接附屬公司)、北新建材 (本公司附屬公司)及巴克風實業簽訂出資協議,據此,訂約方同意於中國河北省邯鄲 市成立合營公司。 合營公司的註冊資本為人民幣8,000萬元,邯鄲中材、南京玻纖院、北新建材及巴克風 實業同意分別認繳人民幣4,080萬元、人民幣1,760萬元、人民幣800萬元及人民幣1,360 萬元,分別佔合營公司註冊資本的51%、22%、10%及17%。 由於母公司直接和間接合計持有本公司約45.0192%股權,其為本公司的主要股東。母 公司間接持有(不包括透過本公司持有的股權)中材國際約17.31%股權,故中材國際為 本公司的關連附屬公司,邯鄲中材為中材國際的附屬公司,因此邯鄲中材構成本公司 的關連人士。因此,邯鄲中材與南京玻纖院、北新建材及巴克風實業設立合營公司構 成本公司的關連交易。簽訂出資協議及其項下成立合營公司的 ...
中国建材(03323) - 公告关连交易收购北玻有限
2024-10-25 13:28
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 公告 關連交易 收購北玻有限 有關收購的股權轉讓協議 於2024年10月25日,中聯投資(為本公司母公司的全資附屬公司)與中材科技(為本公 司的非全資附屬公司)訂立股權轉讓協議,有關中材科技向中聯投資收購北玻有限的 約4.1349%股權,代價為現金。 上市規則涵義 截至本公告日,由於母公司直接及間接擁有本公司合計約45.0192%的股權,故其為本 公司的主要股東。中聯投資為母公司的全資附屬公司,故構成本公司的關連人士。因 此,中材科技收購中聯投資持有的北玻有限的約4.1349%股權構成本公司的關連交 易。 由於收購的一項或多項適用百分比率(定義見上市規則第14.07條)超過0.1%但所有適用 百分比率均低於5%,因此,本次收購根據上市規則第14A.76條獲豁免遵守通函及股束 批准的規定,僅須遵守上市規則有關公告及申報的規定。 - 1 - 1. 股權轉讓協議的主要條款 | 日期 | 2024年10月25日 ...
中国建材(03323) - 关连交易收购标的资產
2024-10-25 13:25
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示概不就因本公告之全部或任何部分內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 關連交易 收購標的資產 於二零二四年十月二十五日,中材科技(成都)(本公司的附屬公司,買方)與持有標的 資產的中材智科(成都)(中材國際的附屬公司,本公司的關連附屬公司,賣方)訂立資 產收購協議,據此,賣方同意將通過資產轉讓的方式以人民幣89,723,215元(含稅)的 對價將標的資產轉讓予相應的買方。 由於母公司直接和間接合計持有本公司約45.0192%股權,其為本公司的主要股東,因 此為上市規則項下本公司的關連人士。中材智科(成都)為中材國際的附屬公司,中材 國際為本公司持股約40.97%的附屬公司。此外,除母公司通過本公司間接所持有的中 材國際的股權外,母公司還額外合共持有中材國際約17.31%的股權,因此中材國際及 中材智科(成都)均構成上市規則項下本公司的關連附屬公司。因此,該資產收購協議 及其項下擬進行的交易構成本公司的關連交易。 由於買方中材科技(成都)及賣方中材智科(成都)均為本公司的附 ...
中国建材(03323) - 公告中材科技截至二零二四年九月三十日止九个月之主要会计数据和财务指标
2024-10-25 13:01
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | | | | 本報告期比 | | | | 本年初至 報告期末 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 上年同期 | 本年初至 | | | 比上年同 | | | | 本報告期 | 上年同期 | | 增減 (%) | 報告期末 | 上年同期 | | 期增減 (%) | | | | | 調整前 | 調整後 | 調整後 | | 調整前 | 調整後 | 調整後 | | (元) 營業收入 | | 6,270,470,278.86 | 5,852,293,554.90 | 5,932,831,304.33 | 5.69 | 16,810,682,779.21 | 18,231,730,659.85 | 18,312,365,305.44 | -8.20 | | 歸屬於中材科技股東的淨 | | | ...
中国建材(03323) - 公告 - 中材国际二零二四年九月三十日止九个月之主要会计数据和财务指标
2024-10-25 12:49
中材國際二零二四年九月三十日止九個月 之主要會計數據和財務指標 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示,概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 (在中華人民共和國註冊成立的成員責任有限的股份有限公司) 公 告 中 國 建 材 股 份 有 限 公 司(「本公司」)董 事 會 謹 請 其 股 東 及 公 眾 投 資 者 留 意 以 下 中 國 中 材 國 際 工 程 股 份 有 限 公 司(「中材國際」)截 至 二 零 二 四 年 九 月 三 十 日 止 九 個 月 之 主 要 會 計 數 據 和 財 務 指 標。 中 材 國 際 為 本 公 司 之 附 屬 公 司,其A股 於 上 海 證 券 交 易 所 上 市 及 買 賣(股 份 代 號:600970)。 – 1 – 中材國際之主要會計數據和財務指標 單 位:萬 元 幣 種:人 民 幣 本年初至 本報告期末 | | | 本報告期比 | 本年初至 | 比上年 | | ...
中国建材(03323) - 公告天山材料截至二零二四年九月三十日止九个月之主要会计数据和财务指标
2024-10-25 11:39
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 - 2 - 公告 天山材料截至二零二四年九月三十日止九個月之 主要會計數據和財務指標 中國建材股份有限公司(「本公司」)董事會謹請其股東及公眾投資者留意以下天山材料股 份有限公司(「天山材料」)截至二零二四年九月三十日止九個月的主要會計數據及財務指 標。 天山材料為本公司之附屬公司,其A股於深圳證券交易所上市及買賣(股份代號: 000877)。 - 1 - 天山材料之主要會計數據和財務指標 單位:元 幣種:人民幣 | | | | | | 本年初至 | | --- | --- | --- | --- | --- | --- | | | | 本報告期 | | | 本報告期末 | | | | 比上年同期 | | 本年初至 | 比上年同期 | | | 本報告期 | 增減 | | 本報告期末 | 增減 | | | | (%) | | | (%) | | 營業收入 | 21,760,232,444.98 | -19 ...
中国建材(03323) - 公告北新建材截至二零二四年九月三十日止九个月之主要会计数据和财务指标
2024-10-24 14:35
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其 準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 本報告期比上年 | 本年初至 | 本報告期末 | | --- | --- | --- | --- | --- | | | 本報告期 | 同期增減 | 本報告期末 | 比上年同期增減 | | | | (%) | | (%) | | 營業收入 | 6,766,712,953.83 | 19.82 | 20,363,617,126.41 | 19.44 | | 歸屬於北新建材股東的淨利潤 | 931,182,957.03 | 8.23 | 3,145,095,726.69 | 14.12 | | 歸屬於北新建材股東的扣除 | | | | | | 非經常性損益的淨利潤 | 909,721,390.05 | 3.52 | 3,068,617,130.11 | 12.65 | | 經營活動產生的現金流量淨額 | 不適用 | 不適用 | 2,706,489,467.55 | 38.01 | | 基本每股收 ...
中国建材:2024年中报点评:基础建材亏损收窄,新材料保持增量能力
Investment Rating - Maintains an "Overweight" rating for the company [4][19] Core Views - The company reported its 2024 interim results, with the basic building materials segment still in loss, but the loss narrowed in Q2 The new materials segment, including fiberglass, blades, and membranes, continues to show incremental growth potential [5][20] - Revenue for the first half of 2024 reached RMB 83 471 billion, up 18 5% YoY, while net profit attributable to the parent company was -RMB 2 018 billion, turning from profit to loss, below expectations [5][20] - The company's cement and clinker sales volume in H1 2024 was 114 million tons, down 19 9% YoY, exceeding the industry's 10% decline in sales volume [5][20] - The new materials segment achieved revenue of RMB 23 55 billion in H1 2024, up 0 6% YoY, with a gross margin of 23 7%, down 2 30 percentage points YoY [5][20] - The engineering services segment achieved revenue of RMB 20 57 billion in H1 2024, up 1 7% YoY, with a gross margin of 18 6%, up 1 0 percentage point YoY [5][20] Financial Summary - Revenue for 2024E is projected to be RMB 183 306 billion, down 13% YoY, with net profit expected to be RMB 1 175 billion, down 70% YoY [7][22] - Revenue for 2025E is projected to be RMB 192 933 billion, up 5% YoY, with net profit expected to be RMB 2 276 billion, up 94% YoY [7][22] - Revenue for 2026E is projected to be RMB 204 757 billion, up 6% YoY, with net profit expected to be RMB 2 987 billion, up 31% YoY [7][22] Valuation and Market Data - The current stock price is HKD 2 20, with a 52-week price range of HKD 2 06-4 11 [6][21] - The current market capitalization is HKD 18 556 billion, with 8 435 million shares outstanding [6][21] - The target price is adjusted to HKD 3 23 based on a 25-year PE of 11 97x for comparable companies [5][20] Industry and Segment Analysis - The cement segment's loss narrowed in Q2, with industry-wide peak-shifting and price increase intentions strengthening in Q3 [5][20] - The new materials segment faces increased competition and price pressure, leading to a decline in profitability despite volume growth [5][20] - The engineering services segment saw growth in overseas and maintenance services, with overseas new contracts up 9% YoY and maintenance new contracts up 41% YoY in H1 2024 [5][20] Capital Expenditure and Financial Health - Capital expenditure in H1 2024 was RMB 13 billion, up 8% YoY, with a shift towards new materials, overseas investments, and equity investments [5][20] - The company's accounts receivable stood at RMB 86 6 billion, down RMB 3 4 billion YoY, with a debt-to-asset ratio of 60%, indicating manageable financial risks [5][20]
中国建材(03323) - 2024 - 中期财报
2024-08-27 11:11
Financial Performance - Revenue for the period was RMB 83.47 billion, a decrease of 18.5% year-over-year[57] - Net profit attributable to equity holders was a loss of RMB 2.02 billion, compared to a profit of RMB 1.40 billion in the same period last year[57] - Gross profit margin declined to 15.9%, down from 17.2% in the previous year[57] - Net debt ratio increased to 91.7%, up 10.3 percentage points from 81.4% at the end of 2023[58] - Revenue for the first six months of 2024 decreased to RMB 83.47 billion, down 18.5% compared to RMB 102.37 billion in the same period of 2023[170] - Gross profit for the first six months of 2024 was RMB 13.25 billion, a 24.7% decrease from RMB 17.61 billion in 2023[170] - Net loss attributable to the company's owners for the first six months of 2024 was RMB 2.02 billion, compared to a profit of RMB 1.40 billion in 2023[170] - The company's comprehensive loss for the first six months of 2024 was RMB 327.34 million, compared to a comprehensive income of RMB 4.60 billion in the same period of 2023[184] Dividends and Shareholder Returns - The company declared a final dividend of RMB 1,931,562,481.60 for the fiscal year ending December 31, 2023, with a per-share dividend of RMB 0.229[8] - The board recommended not paying an interim dividend for the six months ending June 30, 2024[9] Strategic Initiatives and Transformation - The company is focusing on accelerating the transformation and upgrading of its basic building materials industry, emphasizing "cement+", internationalization, and "dual carbon" initiatives[6] - The company aims to enhance its ESG governance and practices, promoting sustainable development and exploring various market value management methods[6] - The company is committed to deepening reforms, improving corporate governance, and expanding mixed-ownership enterprise differentiation management[5] - The company is accelerating the cultivation of strategic emerging industries through investment, mergers, and strategic cooperation[6] - The company decided to terminate the proposed transaction with Ningxia Building Materials and Tianshan Cement due to prolonged duration and changes in the macro and industry environment[11] - The company's equity attributable to equity holders decreased by RMB 27.657 billion due to compensation for impairment and profit compensation to Tianshan Cement[15] - The company's capital expenditures for the six months ended June 30, 2024, totaled RMB 130.128 billion, with new materials accounting for 52.9% of the total[22] - The company's subsidiary, CNBM Cement, entered into a share purchase agreement to acquire Société Les Ciments de Jbel Oust for a total consideration of approximately USD 130 million, with a maximum adjusted consideration of USD 145 million[28] - On July 26, 2024, the company signed a share purchase agreement to acquire 100% equity of Société Les Ciments de Jbel Oust for a total consideration of approximately USD 130 million, subject to adjustments not exceeding USD 15 million, with the final consideration capped at USD 145 million[195] Cash Flow and Borrowings - The net cash inflow from operating activities for the six months ended June 30, 2024, was RMB 29.948 billion, a decrease of RMB 53.872 billion compared to the same period in 2023[24] - The net cash outflow from investing activities for the six months ended June 30, 2024, was RMB 112.788 billion, an increase of RMB 8.59 billion compared to the same period in 2023[25] - The net cash inflow from financing activities for the six months ended June 30, 2024, was RMB 59.697 billion, a decrease of RMB 16.181 billion compared to the same period in 2023[26] - Total borrowings as of June 30, 2024, amounted to RMB 198,728.1 million, with RMB 78,568.8 million due within one year or on demand[31] - Borrowings due within one to two years increased to RMB 49,735.1 million from RMB 39,562.0 million as of December 31, 2023[31] - Borrowings due within two to three years decreased to RMB 36,032.5 million from RMB 42,159.5 million as of December 31, 2023[31] - Borrowings due within three to five years decreased to RMB 10,864.3 million from RMB 12,459.5 million as of December 31, 2023[31] - Borrowings due over five years increased to RMB 23,527.4 million from RMB 16,744.6 million as of December 31, 2023[31] - As of June 30, 2024, RMB 6,057.5 million of borrowings were secured by assets totaling RMB 11,781.4 million[31] - The company's asset-to-debt ratio was 39.8% as of June 30, 2024, compared to 37.8% as of December 31, 2023[46] - Total borrowings increased to RMB 198,728.1 million as of June 30, 2024, up from RMB 184,905.7 million at the end of 2023[127] Segment Performance - Basic materials segment revenue decreased by 30.6% year-over-year to RMB 40.78 billion[47] - New materials segment revenue grew slightly by 0.6% to RMB 23.55 billion[47] - Engineering and technical services segment revenue increased by 1.7% to RMB 20.57 billion[47] - Coated membrane sales in the lithium battery separator business increased by 38.7% year-over-year[52] - Cement sales volume decreased by 19.7% to 101,862 thousand tons, and clinker sales volume decreased by 22.1% to 11,982 thousand tons in the first half of 2024 compared to the same period in 2023[62] - The average selling price of cement decreased by 18.9% to RMB 244.6 per ton, and the average selling price of clinker decreased by 21.4% to RMB 210.7 per ton in the first half of 2024[62] - Glass fiber sales volume increased by 19.4% to 2,010 thousand tons, while the average selling price decreased by 18.4% to RMB 4,048 per ton in the first half of 2024[63] - Wind turbine blade sales volume decreased by 21.6% to 7,520 MW, and the average selling price decreased by 15.7% to RMB 377,563 per MW in the first half of 2024[63] - Lithium battery separator sales volume increased by 15.1% to 814.4 million square meters, while the average selling price decreased by 34.5% to RMB 0.93 per square meter in the first half of 2024[63] - Overseas cement and clinker sales volume increased by 12%, and Sinoma Cement Zambia's operating profit increased by 34% in the first half of 2024[71] - The company signed a cement acquisition project in Tunisia and achieved production at the Ruichang 30 million tons per year aggregate project[71] - 7 cement clinker production lines were included in the national online carbon monitoring pilot, and the carbon management platform of Tianshan Cement currently covers 8 regional companies[71] - The Qingzhou Sinoma 200,000 tons per year oxygen-enriched combustion carbon capture project successfully met standards[71] - Engineering service revenue increased by 1.7% to RMB 20,573.3 million in the first half of 2024[65] - The company's glass fiber business achieved a rebound in product sales and led the industry in rationalizing prices, with the first phase of the zero-carbon intelligent manufacturing base in Huai'an successfully put into operation[73] - The gypsum board business saw a 29% year-on-year growth in home decoration sales, driven by product innovation and cost-saving measures[73] - The carbon fiber business upgraded its production capability to achieve T1100-grade carbon fiber at a hundred-ton scale and expanded into new markets such as low-altitude economy and new energy[76] - The engineering technology services division secured 15 overseas cement production line projects, with overseas revenue accounting for 32% of equipment business income[79] - The graphite business completed technical upgrades on 5 spherical graphite production lines, reducing manufacturing costs and energy consumption[81] - The hydrogen energy cylinder business expanded its market share, entering the supply chains of top-tier clients and achieving leading domestic market shares in hydrogen fuel cell vehicles and hydrogen cylinders[81] - The company's internationalization index increased to 42%, with accelerated global service center construction and marketing network expansion[79] - The company implemented equity incentives for 5,200 employees across 186 subsidiaries, supporting innovation-driven productivity[83] - The company undertook 67 national-level research tasks and 24 "unveiling and leading" projects, advancing core technologies in high-performance fiber design[83] - The company's equipment manufacturing industrial park in Hefei was fully operational, with non-industry revenue accounting for 49% of equipment business income[79] - Revenue decreased by 18.5% from RMB 102,373.9 million in H1 2023 to RMB 83,470.6 million in H1 2024, primarily due to a decline in the basic building materials segment[94][95] - Net profit attributable to equity holders turned negative, decreasing from RMB 1,404.1 million in H1 2023 to RMB -2,017.6 million in H1 2024, with a net profit margin dropping from 1.4% to -2.4%[94][100] - The company achieved a 13.6-16MW class global longest wind turbine blade mass production, with 5 demonstration production lines capable of producing 150 sets of 120-meter-class large offshore wind turbine blades annually[102] - The company's digital transformation progressed with 12 cement scenario data modeling breakthroughs and the promotion of 66 factories by Tianshan Co[87] - The company's "I Find Car" platform has over 1.65 million registered vehicles, with cumulative business volume exceeding 1.462 billion tons and GMV surpassing RMB 78.9 billion[88] - The company's green initiatives included using 31.38 million tons of standard coal equivalent in alternative fuels and achieving a total installed capacity of 410MW in new energy, including 310MW from 43 "photovoltaic+" energy plants[91] - CO2, NOx, and SO2 emissions decreased by 7.91%, 19.33%, and 8.29% respectively, with 30.9% of clinker production capacity reaching benchmark levels[92] - The company added 10 high-tech enterprises, bringing the total to 229, and increased the proportion of high-value patent authorizations by 13 percentage points[85] - The company's wind turbine blade business maintained stable profitability despite industry-wide price declines, with internationalization efforts progressing through a Brazilian factory[101][102] - The company's intelligent safety management platform covered 248 cement enterprises, with over 30,000 digital safety officers deployed[88] - Waterproofing business achieved significant growth in sales and revenue, with a focus on increasing market share and optimizing sales policies[104] - Coating business steadily advanced the integration and synergy of Jiabaoli, expanding market influence and increasing share in first and second-tier cities[105] - Other income increased by 2.4% to RMB 1,183.8 million, driven by a RMB 262.5 million increase in government subsidies[106] - Financial costs decreased by 8.2% to RMB 2,441.9 million due to lower borrowing costs[107] - Income tax expenses decreased by 45.2% to RMB 619.5 million, primarily due to a reduction in pre-tax profits[108] - Non-controlling interests' share of profit decreased by 47.0% to RMB 1,455.1 million, mainly due to reduced operating profits in the basic building materials and new materials divisions[109] - Sales and distribution costs increased by 4.4% to RMB 1,892.8 million, driven by higher advertising and transportation expenses[110] - Basic building materials division revenue decreased by 30.6% to RMB 40,780.6 million, primarily due to reduced sales volumes and average selling prices of cement products and aggregates[113] - New materials division revenue increased by 0.6% to RMB 23,548.5 million, driven by increased sales volumes of glass fiber yarn, gypsum board, and other products[117] - Engineering technical services division revenue increased by 1.7% to RMB 20,573.3 million, supported by higher completed engineering service volumes[122] - Operating profit of the engineering technology services segment increased by 1.0% to RMB 1,618.4 million in the first half of 2024, with an operating profit margin of 7.9%, unchanged from the same period last year[125] Corporate Governance and Compliance - The company's strategic decision-making committee reviewed and approved the 2024 investment plan and the 2023 annual operating report during the reporting period[140] - The nomination committee reviewed the diversity and effectiveness of the board, confirming compliance with the company's diversity policy and listing rules[142] - The remuneration and assessment committee reviewed the performance and compensation of senior management for 2023 during the reporting period[145] - The company has established an Audit Committee consisting of three directors, including three independent non-executive directors, one of whom has appropriate professional qualifications and experience in accounting and financial management[146] - The Audit Committee reviewed the appointment of the 2024 auditor, determined the 2023 audit fees, and reviewed the 2024 interim performance report[146] - The company has established a Compliance Management Committee and an Internal Control System Construction and Supervision Working Organization to enhance compliance, risk management, and internal control mechanisms[147] - The company's ESG committee reviewed and approved the 2023 ESG report and sustainable development strategy during the reporting period[173] - The company confirmed that all directors and supervisors complied with the securities trading standards during the reporting period[174] Related Party Transactions - The company's expenses for accepting ore provided by the parent group amounted to RMB 43.25 million, accounting for 0.06% of the company's cost of sales for the same period[2] - Revenue from products and services provided to the parent group was RMB 675.78 million, representing 0.81% of the company's total revenue[2] - Expenses for accepting products and services from the parent group were RMB 4,279.96 million, accounting for 6.10% of the company's cost of sales[2] - The company's guarantee balance for Zhongjiancai Engineering was RMB 630 million as of January 1, 2024, but was fully repaid by June 30, 2024[4] - Accounts receivable from related parties decreased to RMB 401.48 million as of June 30, 2024, from RMB 555.75 million as of December 31, 2023, with interest rates ranging from 3.85% to 5.00%[187] - Accounts payable to related parties decreased to RMB 132.97 million and RMB 2.27 million as of June 30, 2024, from RMB 656.66 million and RMB 520.16 million as of December 31, 2023, with fixed interest rates ranging from 2.92% to 3.45% and floating rates from 2.76% to 3.04%[187] - The company's major transactions with other state-owned enterprises primarily involved product sales and raw material procurement, with no differentiation in pricing strategies based on whether the counterparty was a state-owned enterprise[188] Shareholding Structure - The company holds a 45.0192% stake in its issued shares, with direct and indirect holdings through subsidiaries[45] - The company's stake in Sinoma International decreased to 40.97% as of June 30, 2024, following share repurchases and cancellations[45] - The company's stake in Tianshan Cement decreased to 81.14% after the completion of share repurchases and cancellations on July 11, 2024[45] - The company's total issued share capital as of June 30, 2024, is 8,434,770,662 shares[159] - Total issued shares as of June 30, 2024, are 8,434,770,662, including 3,876,624,162 domestic shares and 4,558,146,500 H-shares[164] - Parent company holds 628,592,008 shares directly and 2,984,713,973 shares indirectly through subsidiaries, totaling 3,613,305,981 shares, representing 93.21% of the relevant share class and 42.84% of the total share capital[164] - Beixin Group holds 1,485,566,956 domestic shares, representing 38.32% of the relevant share class and 17.61% of the total share capital[164] - Sinoma Parent Company holds 1,270,254,437 domestic shares, representing 32.77% of the relevant share class and 15.06% of the total share capital[164] - Taishan Financial holds 263,318,181 domestic shares through controlled entities, representing 6.79% of the relevant share class and 3.12% of the total share capital[164] - Sinoma Investment holds 227,719,530 domestic shares, representing 5.87% of the relevant share class and 2.70% of the total share capital[164] - H-shares held by the parent company and its controlled entities total 183,964,000, representing 4.04% of the relevant share class and 2.18% of the total share capital[164] - No directors or supervisors have reported any interests or short positions in the company’s shares or related shares as of June 30, 2024[163] Legal and Regulatory Matters - The company's subsidiary, Taishan Gypsum, completed its payment obligations under the U.S. gypsum board litigation settlement agreement[176] - The U.S. District Court issued a final order in May 2020, dismissing claims against Taishan Gypsum and other exempt parties for plaintiffs who did not opt out of the settlement[177] - The company completed its obligations under the settlement agreement related to the U.S. gypsum board litigation, with 90 plaintiffs opting out of the settlement, and all related cases