证券代码：600801 证券简称：华新水泥 编号：临2024-004 截至 2023 年末拥有合伙人 245 人，首席合伙人为毛鞍宁先生。安永华明一 直以来注重人才培养，截至 2023 年末拥有执业注册会计师近 1800 人，其中拥有 证券相关业务服务经验的执业注册会计师超过 1500 人,注册会计师中签署过证 券服务业务审计报告的注册会计师近 500 人。 华新水泥股份有限公司 关于续聘公司 2024 年度财务审计和内部控制审计会计师事 务所的公告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 拟聘任的会计师事务所名称：安永华明会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 安永华明会计师事务所（特殊普通合伙）（以下简称"安永华明"），于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制 事务所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京 市东城区东长安街 1 号东方广场安永大楼 17 层 01-1 ...

Financial Performance - The company's operating revenue for Q3 2023 was RMB 8,333,304,379, representing a year-on-year increase of 12.29%[4] - The net profit attributable to shareholders for Q3 2023 was RMB 681,763,299, reflecting a year-on-year increase of 6.89%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 653,068,339, up 9.72% year-on-year[4] - The basic earnings per share for Q3 2023 was RMB 0.32, an increase of 6.67% compared to the same period last year[4] - The diluted earnings per share for Q3 2023 was RMB 0.33, showing a 10.00% increase year-on-year[4] - Total operating revenue for the first three quarters of 2023 reached CNY 24.16 billion, a 10.1% increase from CNY 21.81 billion in the same period of 2022[16] - Net profit attributable to shareholders of the parent company was CNY 1.87 billion, down 15.7% from CNY 2.22 billion year-on-year[16] - The company’s total profit for the first three quarters was CNY 2.88 billion, down 6.1% from CNY 3.07 billion in the same period of 2022[16] Assets and Liabilities - The total assets at the end of the reporting period were RMB 66,458,811,594, an increase of 3.45% compared to the end of the previous year[5] - The company's total liabilities as of September 30, 2023, were 33,899,923,043 CNY, compared to 33,403,495,804 CNY at the end of 2022[15] - The company's total assets reached 66,458,811,594 CNY as of September 30, 2023, up from 64,241,676,265 CNY at the end of 2022[15] - As of September 30, 2023, total current assets amounted to 15,285,708,438 CNY, an increase from 14,450,298,165 CNY as of December 31, 2022[14] - The company's retained earnings as of September 30, 2023, were 23,815,499,599 CNY, compared to 23,009,600,343 CNY at the end of 2022[15] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 3,502,921,498, reflecting a significant increase of 39.52%[4][8] - Cash flow from operating activities generated a net amount of CNY 3.50 billion, up from CNY 2.51 billion in the same period last year, representing a 39.4% increase[18] - The company reported a net decrease in cash and cash equivalents of CNY 1.03 billion for the period, compared to a decrease of CNY 1.76 billion in the previous year[19] - The company's cash and cash equivalents decreased to 6,634,006,591 CNY from 7,038,341,792 CNY year-over-year[14] - Cash inflow from investment activities was CNY 2.78 billion, down from CNY 4.05 billion in the previous year, indicating a 31.5% decrease[18] Shareholder Information - The company reported a total of 50,682 common shareholders at the end of the reporting period[9] - The company completed the cancellation of 17,604,206 A shares at a price of 0 CNY per share due to unmet performance targets from the 2020-2022 employee stock ownership plan[11] - The first phase of the 2023-2025 employee stock ownership plan was completed on September 27, 2023, with a total of 2,917,577 A shares purchased, representing 0.1403% of the company's total share capital[11] Investments and Acquisitions - The company signed an agreement to acquire 100% equity of Natal Portland Cement Company (Pty) Ltd. for a total consideration of 231.6 million USD, with the transaction progressing as planned[12] - The company plans to publicly issue corporate bonds with a total face value of up to 3 billion CNY, with the process currently underway[12] Research and Development - Research and development expenses increased significantly to CNY 166.21 million, compared to CNY 59.08 million in the previous year, reflecting a 181.5% increase[16] Financial Ratios - The weighted average return on net assets for Q3 2023 was 2.50%, a decrease of 1.39 percentage points compared to the previous year[5] - The company's financial expenses increased to CNY 460.93 million, compared to CNY 317.70 million in the previous year, marking a 45% increase[16] - Total assets impairment losses were reported at CNY 2.94 million, a decrease from CNY 14.62 million in the previous year[16]

Financial Performance - Operating revenue for the third quarter reached RMB 8,333,304,379, representing a year-on-year increase of 12.29%[4] - Net profit attributable to shareholders was RMB 681,763,299, reflecting a year-on-year increase of 6.89%[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 653,068,339, up 9.72% year-on-year[4] - Total revenue for the first three quarters of 2023 reached CNY 24.16 billion, an increase of 10.2% compared to CNY 21.81 billion in the same period of 2022[14] - Operating profit for the first three quarters of 2023 was CNY 2.91 billion, a decrease of 6.0% from CNY 3.09 billion in the same period of 2022[14] - Net profit attributable to shareholders for the first three quarters of 2023 was CNY 1.87 billion, down 15.7% from CNY 2.22 billion in the same period of 2022[14] - Total comprehensive income for the period was CNY 2,153,463,903, a decrease from CNY 3,006,116,925 in the previous year[15] - Basic and diluted earnings per share were both CNY 0.90, down from CNY 1.07 in the previous year[15] - The basic earnings per share for the reporting period was RMB 0.32, reflecting a year-on-year increase of 6.67%[4] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was RMB 3,502,921,498, showing a significant increase of 39.52%[6] - Net cash flow from operating activities increased to CNY 3,502,921,498, compared to CNY 2,510,671,236 in the same period last year, reflecting a growth of approximately 39.4%[16] - Cash inflow from operating activities totaled CNY 22,429,996,418, up from CNY 21,168,062,273, indicating a year-over-year increase of about 5.96%[16] - Cash outflow from investing activities decreased significantly to CNY 5,546,671,789 from CNY 9,722,910,982, showing a reduction of approximately 43.5%[16] - Net cash flow from financing activities was negative at CNY -1,862,927,893, compared to a positive CNY 1,242,686,954 in the previous year[16] - Cash and cash equivalents at the end of the period were CNY 5,587,057,061, a decrease from CNY 6,786,368,122 in the previous year[16] - The company’s cash and cash equivalents decreased to CNY 6.63 billion from CNY 7.04 billion, a decline of 5.8%[12] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 66,458,811,594, an increase of 3.45% compared to the end of the previous year[4] - Total assets as of September 30, 2023, amounted to CNY 66.46 billion, up from CNY 64.24 billion at the end of 2022, representing a growth of 3.5%[13] - Current assets totaled CNY 15.29 billion as of September 30, 2023, compared to CNY 14.45 billion at the end of 2022, indicating an increase of 5.8%[12] - Long-term borrowings rose to CNY 8.59 billion, an increase of 18.0% from CNY 7.28 billion at the end of 2022[13] - The company reported a decrease in total liabilities to CNY 33.90 billion as of September 30, 2023, compared to CNY 33.40 billion at the end of 2022, a reduction of 1.5%[13] Shareholder Information - The number of shareholders as of September 30, 2023, totaled 50,682, including 50,675 A-share shareholders and 7 H-share registered shareholders[7] - The company completed the cancellation of 17,604,206 A shares that were not vested due to performance targets not being met, at a repurchase price of 0 CNY per share on August 28, 2023[10] - The first phase of the 2023-2025 core employee stock ownership plan was approved, with a total of 2,917,577 A shares purchased, representing 0.1403% of the company's total share capital[10] Investments and Acquisitions - The company signed an agreement to acquire 100% equity of Natal Portland Cement Company (Pty) Ltd. for a total consideration of 231.6 million USD, subject to adjustments based on post-closing financial statements[11] - The company received approval to publicly issue bonds with a total face value of up to 3 billion CNY, and the process is progressing as planned[11] Research and Development - Research and development expenses increased significantly to CNY 166.21 million, compared to CNY 59.08 million in the same period of 2022, reflecting a growth of 181.5%[14]

Employee Stock Ownership Plan - Huaxin Cement's core employee stock ownership plan for 2020-2022 includes a total of 12,843,037 shares granted to other core employees[2]. - The grant price for shares under the employee stock ownership plan ranges from RMB 20.14 to RMB 26.88, with the fair value on the grant date estimated at RMB 24.85[2][3]. - The employee stock ownership plan was approved on September 25, 2020, and has a duration of 72 months from the first grant month[5]. - The maximum number of shares that any core employee can receive under the plan is capped at 345,193 shares[4]. - The company emphasizes the importance of the employee stock ownership plan in aligning employee interests with company performance[5]. Executive Shareholding - As of December 31, 2022, the total number of shares held by the executive directors and supervisors is 4,612,776 shares, with 811,749 shares expired during the year[2]. - The total shares held by the executive director Li Yeqing as of December 31, 2022, is 1,488,095 shares, with no shares expired during the year[2]. - The company reported no new grants during the year for several executives, maintaining their total shares held[2]. Stock Price Information - The stock price on the grant date for the plan on May 29, 2020, was RMB 25.14, while on February 10, 2021, it was RMB 19.56, and on May 6, 2022, it was RMB 22.30[3]. Reporting and Disclosure - The company has not made any changes to the information disclosed in the 2022 annual report aside from the supplementary details provided[5].

Economic Overview - In the first half of 2023, China's GDP grew by 5.5%, with fixed asset investment increasing by 3.8% to CNY 24.31 trillion, while infrastructure investment rose by 7.2%[12]. - The cement production in China reached 953 million tons, the lowest level in 12 years, leading to intensified competition and a decline in cement prices to a five-year low[12]. Company Performance - As of June 30, 2023, the company's cement production capacity was 12.2 million tons per year, with cement business revenue accounting for 62% of total operating income[13]. - Non-cement business revenue contributed 38% to total operating income, with a net profit contribution of 56% from this segment, indicating its growing importance[13]. - The company achieved cement and clinker sales of 29.95 million tons, a year-on-year increase of 2.13%[15]. - The company's revenue for the first half of 2023 reached RMB 15.83 billion, representing a year-on-year growth of 10.02%[17]. - The net profit attributable to shareholders for the same period was RMB 1.19 billion, a decrease of 24.85% year-on-year[15]. - The company’s domestic cement revenue declined by 12.41% to RMB 7.46 billion, while overseas cement revenue increased by 30.57% to RMB 2.30 billion[15]. - The company’s EBITDA contribution from non-cement businesses exceeded 50%, becoming a key support for stable performance[15]. Financial Position - The total equity of the group at the end of the reporting period was RMB 32.062 billion, with equity attributable to the parent company amounting to RMB 27.719 billion[20]. - The total liabilities of the group were RMB 33.500 billion, with interest-bearing liabilities at RMB 14.530 billion, resulting in a debt-to-asset ratio decrease from 52.0% at the beginning of the year to 51.1% at the end of the reporting period[21]. - The group invested approximately RMB 1.819 billion in capital projects during the first half of 2023, with sufficient self-funding and ongoing operating cash inflows to meet capital project funding needs[24]. - The company reported no interim dividend for the first half of 2023, nor any capital reserve conversion into share capital[45]. Market Expansion - The company operates over 300 subsidiaries, covering 16 provinces in China and 14 countries overseas, reflecting its extensive market expansion[13]. - The company completed the acquisition of a 59.58% stake in Oman Cement Company, adding 4.4 million tons/year of cement grinding capacity[16]. - The company expanded its concrete business by adding 28 new projects, increasing annual capacity by 2.12 million cubic meters[16]. Cash Flow and Expenses - The net cash flow from operating activities increased by 67.89% year-on-year to RMB 2.13 billion[18]. - The company's financial expenses increased by 48.78% year-on-year, primarily due to higher interest expenses[17]. - Cash and cash equivalents decreased to RMB 5,552,644,820 from RMB 7,038,341,792, reflecting a decline of approximately 21%[47]. - The company reported a significant increase in other receivables, rising to RMB 5,547,576,218 from RMB 4,853,948,075, an increase of 14.26%[49]. Shareholder Information - The total number of registered shareholders as of June 30, 2023, was 63,229, with 63,226 being A-share shareholders[30]. - The top ten shareholders hold significant stakes, with Hong Kong Central Clearing holding 734,719,989 H shares, representing 35.04%[31]. - Holcim B.V. owns 451,333,201 A shares, accounting for 21.53% of the total shares[31]. Strategic Focus - The company continues to implement strategies for integrated development, environmental transformation, and expansion into new building materials[13]. - In the second half of 2023, the company anticipates a seasonal recovery in cement demand, although the industry will continue to face severe overcapacity and intensified competition[26]. - The company plans to stabilize prices and increase efficiency in its domestic cement business, while also focusing on cost reduction and risk control in its concrete business[26]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the true and complete financial status as of June 30, 2023[71]. - The group recognizes foreign currency transactions at the spot exchange rate on the transaction date, impacting the financial statements through translation differences[77]. - The company evaluates contracts to determine if they contain leases, recognizing right-of-use assets and lease liabilities for leases beyond 12 months[126]. Taxation and Incentives - The corporate income tax rate for subsidiaries in the western development regions is reduced to 15% from 2021 to 2030[145]. - The group enjoys a VAT refund policy with a rebate rate of 70% for certain subsidiaries under the resource comprehensive utilization products and services[147]. - The corporate income tax rate for Huaxin Cement (Henan Xinyang) Co., Ltd. has been reduced to 15% from 25% following its high-tech enterprise certification[143]. Inventory and Receivables - The total inventory as of June 30, 2023, is RMB 3,805,641,532, an increase from RMB 3,517,821,387 at the beginning of the period, reflecting a growth of approximately 8.2%[181]. - The accounts receivable at the end of the period totaled RMB 2,168,543,120, an increase of 57% from RMB 1,382,631,200 at the beginning of the period[155]. - The provision for bad debts increased to RMB 228,631,721, up from RMB 177,857,087, reflecting a rise of 28%[165]. Fixed Assets and Investments - Fixed assets increased to RMB 26,332,148,241 from RMB 22,713,408,318, indicating a growth of approximately 15.5%[190]. - The total fixed assets at the end of the period amounted to RMB 48,577,192,953, an increase from RMB 41,320,856,587 at the beginning of the period, reflecting a growth of approximately 17.5%[193]. - The company reported a total of RMB 7,351,662,552 in new fixed asset additions during the period, with major contributions from construction transfers and business acquisitions[193].

Financial Performance - The company's operating revenue for the first half of 2023 was RMB 15,831,572,500, representing a 10.02% increase compared to RMB 14,389,448,963 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2023 was RMB 1,192,560,395, a decrease of 24.85% from RMB 1,586,839,657 in the previous year[17]. - Basic earnings per share for the first half of 2023 were RMB 0.58, down 24.68% from RMB 0.77 in the same period last year[18]. - The weighted average return on equity decreased to 4.24%, down 1.51 percentage points from 5.75% in the previous year[18]. - The company's revenue for the first half of 2023 was 15.83 billion RMB, representing a year-on-year growth of 10.02%[31]. - The net profit attributable to shareholders was 1.19 billion RMB, a year-on-year decrease of 24.85%[28]. - The company's net profit after deducting non-recurring gains and losses for the first half of 2023 was ¥1,170,459,422, a decrease of 23.8% compared to ¥1,536,019,187 in the same period last year[92]. - The total comprehensive income for the first half of 2023 was CNY 730,796,704, a decrease of 32.8% compared to CNY 1,088,769,166 in the first half of 2022[101]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 67.89% to RMB 2,127,167,281, compared to RMB 1,267,008,618 in the same period last year[17]. - The company's cash flow from operating activities showed a decrease in cash inflow, totaling ¥2,374,112,013, down from ¥3,087,937,940 in the previous year[104]. - Cash and cash equivalents decreased to ¥5,552,644,820 from ¥7,038,341,792, showing a significant reduction in liquidity[93]. - The company maintained a loan repayment rate of 100% during the reporting period[92]. - The company reported a significant increase in sales revenue from operating activities to CNY 14,420,847,563, compared to CNY 13,666,422,401 in the first half of 2022[102]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 65,562,488,903, reflecting a 2.06% increase from RMB 64,241,676,265 at the end of the previous year[17]. - The total liabilities increased to ¥33,500,219,995 from ¥33,403,495,804, indicating a rise in financial obligations[94]. - The asset-liability ratio improved slightly to 51.10% from 52.00%, a change of -0.9%[92]. - The company's total equity increased to ¥32,062,268,908 from ¥30,838,180,461, reflecting a growth in shareholder value[94]. Market and Production - The cement production in China reached 953 million tons in the first half of 2023, marking the lowest level in nearly 12 years[22]. - The company's cement production capacity is 12.2 million tons per year, with cement business revenue accounting for 62% of total revenue[23]. - Non-cement businesses contributed 48% to total revenue and 56% to net profit attributable to shareholders, indicating a significant role in overall profitability[23]. - In the first half of 2023, the company achieved cement and clinker sales of 29.95 million tons, a year-on-year increase of 2.13%[28]. - Aggregate sales reached 50.51 million tons, a significant year-on-year increase of 103.30%[28]. Environmental Initiatives - The company is committed to environmental protection, adhering to relevant laws and continuously implementing clean production[51]. - The company reported SO2 emissions of 68.90 tons, NOx emissions of 393.82 tons, and particulate matter emissions of 22.63 tons from its Yangxin plant[52]. - The company aims to reduce its environmental impact while achieving economic and social benefits[51]. - The company achieved a heat substitution rate of 19.75% by using 2.21 million tons of alternative fuels during the reporting period, resulting in a reduction of 122,500 tons of CO2 emissions[68]. - The company is focused on integrating ecological protection and low-carbon development into its long-term strategic goals[51]. Strategic Developments - The company completed the acquisition of a 59.58% stake in Oman Cement Company SAOG, enhancing its competitive strength[29]. - The company is in the process of acquiring 100% of Natal Portland Cement Company (Pty) Ltd. for a total consideration of 231.6 million USD, with the transaction progressing as planned[78]. - The company plans to enhance its competitive strength through energy consumption control and carbon emission reduction initiatives[42]. - The company is exploring potential acquisitions to enhance its market position and operational capabilities[54]. Shareholder and Governance - The company did not distribute profits or increase capital reserves during this reporting period[5]. - The company approved the core employee stock ownership plan for 2020-2022 and plans to repurchase and cancel part of the stocks[48]. - The total number of ordinary shareholders as of the end of the reporting period is 63,229[80]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 35.04% of the shares, totaling 734,719,989 shares[81]. Risk Factors - The company faces risks from declining domestic cement demand and severe overcapacity, which may lead to increased market competition and pressure on cement prices[41]. - The company has outlined potential risks in the report, which investors should be aware of[6]. - The company will implement measures to manage foreign exchange risks by optimizing global foreign exchange reserves and using foreign exchange derivatives[42].

Financial Performance - For the six months ended June 30, 2023, the group's unaudited revenue was RMB 15,832 million, an increase of 10.02% compared to RMB 14,389 million for the same period in 2022[2] - The unaudited profit attributable to equity holders for the same period was RMB 1,193 million, a decrease of 24.85% from RMB 1,586 million in 2022[2] - Basic earnings per share for the first half of 2023 were RMB 0.58, down from RMB 0.77 in the same period of 2022[5] - The group's operating profit for the first half of 2023 was RMB 1,760 million, down from RMB 2,202 million in the same period of 2022[4] - The net profit for the first half of 2023 was RMB 1,350 million, compared to RMB 1,683 million in the same period of 2022[5] - Other comprehensive income after tax for the first half of 2023 was RMB 106 million, down from RMB 199 million in 2022[5] - The total comprehensive income for the first half of 2023 was RMB 1,456 million, compared to RMB 1,882 million in the same period of 2022[5] - The total income tax expense for the first half of 2023 was CNY 388,324,122, down 19.7% from CNY 483,159,383 in the same period of 2022[14] Operating Costs and Expenses - Total operating costs for the first half of 2023 were RMB 14,091 million, compared to RMB 12,268 million in the same period of 2022[4] - Financial expenses for the first half of 2023 totaled CNY 245,237,036, an increase of 48.7% compared to CNY 164,831,907 in the same period of 2022[13] - The cost of goods sold for the first half of 2023 was RMB 11,971,182,161, compared to RMB 10,357,040,560 in the first half of 2022, indicating an increase of about 15.5%[9] - Research and development expenses increased to RMB 58 million in the first half of 2023 from RMB 46 million in 2022, reflecting a growth of 27.8%[4] Assets and Liabilities - The company's total assets as of June 30, 2023, amounted to RMB 65,562,488,903, an increase from RMB 64,241,676,265 at the end of 2022[7] - The total liabilities increased slightly to RMB 33,500,219,995 as of June 30, 2023, compared to RMB 33,403,495,804 at the end of 2022[7] - The equity attributable to shareholders reached RMB 27,718,775,757, up from RMB 27,446,305,028 at the end of 2022, reflecting a growth of approximately 1%[7] - The company reported a significant increase in long-term borrowings, which stood at RMB 7,224,034,426 as of June 30, 2023, compared to RMB 7,282,088,824 at the end of 2022[7] - The non-current liabilities totaled RMB 17,019,408,935, an increase from RMB 16,778,611,504 at the end of 2022, indicating a rise in long-term financial obligations[7] Accounts Receivable and Financing - The company’s receivables financing decreased to RMB 440,987,622 from RMB 527,248,935 year-over-year, showing a reduction of approximately 16.4%[6] - Accounts receivable as of June 30, 2023, amounted to CNY 2,168,543,120, an increase of 57.0% from CNY 1,382,631,200 at the end of 2022[17] - The provision for bad debts increased to CNY 228,631,721 as of June 30, 2023, compared to CNY 177,857,087 at the end of 2022, reflecting a rise of 28.5%[23] - The company reported a total of CNY 1,781,603,416 in accounts receivable within 6 months as of June 30, 2023, compared to CNY 1,130,096,842 at the end of 2022, indicating a growth of 57.5%[17] - The provision for bad debts for accounts receivable categorized by aging shows that 96% of the total accounts receivable are covered by provisions as of June 30, 2023[18] Revenue and Sales Performance - Cement sales contributed RMB 9,191,200,494 to the total revenue in the first half of 2023, while concrete sales generated RMB 3,174,092,206, showing significant contributions from these segments[10] - In the first half of 2023, the company achieved cement and clinker sales of 29.95 million tons, a year-on-year increase of 2.13%[28] - The company's operating revenue for the first half of 2023 was 15.83 billion yuan, a year-on-year increase of 10.02%[28] - The company’s cement business generated operating revenue of 9.76 billion yuan, a year-on-year decline of 5.04%[29] - The overseas cement business saw an operating revenue increase of 30.57% to 2.302 billion yuan[29] Strategic Developments - The company completed the acquisition of a 59.58% stake in Oman Cement Company SAOG, enhancing its cement grinding capacity by 4.4 million tons per year[29] - The company plans to stabilize prices and increase efficiency in its domestic cement business while enhancing profitability in its aggregate and concrete businesses[31] - The company is actively advancing digitalization projects to support overseas development and integrated transformation strategies[30] - The company expects seasonal recovery in cement demand in the second half of 2023, despite ongoing industry challenges such as overcapacity and intensified competition[31] - The company signed an agreement to acquire 100% of Natal Portland Cement Company (Pty) Ltd. for $231.6 million, with the transaction currently progressing as planned[33] Corporate Governance and Compliance - The company has established an audit committee responsible for reviewing and supervising the financial reporting process and risk management[36] - The company adhered to the corporate governance code as outlined in the Hong Kong Stock Exchange Listing Rules during the reporting period[37] - All directors and supervisors confirmed compliance with the standard code for securities trading during the reporting period[37] - There were no significant lawsuits or arbitration matters involving the company or its subsidiaries during the reporting period[33] Future Outlook - The revenue amount corresponding to the performance obligations that have been signed but not yet fulfilled at the end of the reporting period is CNY 748,180,890, which is expected to be recognized in 2023[12] - The company expects to recognize a significant portion of its revenue from contracts signed in the current year, indicating a positive outlook for 2023[12] - The company received approval from the China Securities Regulatory Commission for a bond issuance registration of up to 3 billion yuan, which is currently progressing as planned[32] - The company plans to repurchase and cancel 17,604,206 A shares at a price of 0 yuan per share due to unmet performance targets[32]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 6,628,435,263, representing a year-on-year increase of 1.49%[4] - The net profit attributable to shareholders for Q1 2023 was RMB 247,979,284, a decrease of 63.09% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 233,723,270, down 64.03% year-on-year[4] - The total operating cost for Q1 2023 was CNY 6,273,661,701, up 10.19% from CNY 5,694,474,985 in Q1 2022[16] - The company achieved a net profit attributable to the parent company of ¥51,566,017, down from ¥565,795,000 in Q1 2022, reflecting a decline of about 90.9%[17] - The diluted earnings per share for Q1 2023 was ¥0.12, compared to ¥0.32 in Q1 2022, representing a decrease of 62.5%[17] - The company’s total comprehensive income for Q1 2023 was ¥9,604,553, a significant drop from ¥599,511,660 in the same quarter last year[17] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 331,923,337, showing a significant increase of 203.92% compared to the previous year[4] - In Q1 2023, the company reported a net cash flow from operating activities of ¥331,923,337, a significant improvement compared to a net outflow of ¥-319,399,790 in Q1 2022[18] - The net cash flow from investing activities was negative at ¥-1,121,597,464, slightly better than the previous year's outflow of ¥-1,196,160,379[19] - Cash and cash equivalents at the end of Q1 2023 totaled ¥6,882,809,533, down from ¥7,670,921,535 at the end of Q1 2022[19] - The company reported cash inflow from financing activities of ¥1,710,941,054, an increase from ¥1,114,629,873 in Q1 2022, marking a growth of approximately 53.5%[19] Assets and Liabilities - The total assets at the end of Q1 2023 were RMB 64,741,622,991, an increase of 0.78% from the end of the previous year[5] - The total assets as of March 31, 2023, amounted to CNY 64,741,622,991, compared to CNY 64,241,676,265 at the end of 2022[15] - The total liabilities as of March 31, 2023, were CNY 33,898,015,757, compared to CNY 33,403,495,804 at the end of 2022[15] - The company’s total equity increased slightly to CNY 30,843,607,234 from CNY 30,838,180,461 at the end of 2022[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,708[10] - The largest shareholder, Hong Kong Central Clearing Limited, held 35.04% of the shares, totaling 734,719,989 shares[10] Research and Development - Research and development expenses increased by 49.22%, driven by investments in environmental protection and new materials[7] - Research and development expenses in Q1 2023 were CNY 11,645,467, up from CNY 7,804,315 in Q1 2022, reflecting a 49.5% increase[16] Product Performance - The company reported a significant decrease in net profit due to a decline in both volume and price of its main product, cement[9] Acquisition - The company completed the acquisition of 59.58% equity in Oman Cement Company SAOG for approximately USD 193.1 million on April 5, 2023[13]

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。 華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：6655） 二零二三年第一季度報告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條和第13.10B條及《證券 及期貨條例》（香港法例第571章）第XIVA部刊發。 | --- | --- | |--------------------------------------------------------------------------------|-------| | | | | 根據中華人民共和國（「中國」）上海證券交易所的適用規則，華新水泥股份有限公司（ | | | 「本公司」或「公司」）及其附屬公司（與本公司合稱為「本集團」）由二零二三年一月 | | | 一日至二零二三年三月三十一日（「報告期」）第一季度報告（「季度報告」）將於二零 | | | 二 ...

Financial Performance - The company's operating revenue for 2022 was CNY 30,470,382,363, a decrease of 6.14% compared to CNY 32,464,083,379 in 2021[14]. - Net profit attributable to shareholders for 2022 was CNY 2,698,868,510, down 49.68% from CNY 5,363,525,692 in 2021[14]. - Basic earnings per share for 2022 were CNY 1.30, a decline of 49.61% from CNY 2.58 in 2021[16]. - The company's total assets increased by 22.25% to CNY 64,241,676,265 as of December 31, 2022, compared to CNY 52,549,618,050 in 2021[15]. - The net cash flow from operating activities for 2022 was CNY 4,567,694,220, a decrease of 39.86% from CNY 7,594,957,122 in 2021[14]. - The weighted average return on equity for 2022 was 10.03%, down 11.27 percentage points from 21.30% in 2021[16]. - Non-recurring gains and losses totaled CNY 120,234,058 for 2022, compared to CNY 58,647,574 in 2021[18]. - The company's net profit attributable to shareholders decreased by CNY 2,666,510,000 (–49.68%) compared to the previous year, influenced by declining sales volumes and rising energy costs[68]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.51 per share (including tax) for the 2022 fiscal year[3]. - The board proposed a cash dividend of RMB 0.51 per share for the year 2022, amounting to a total distribution of approximately RMB 1,068,424,438[41]. - The company’s cash dividend policy complies with the requirements of the articles of association and shareholder resolutions[169]. Governance and Compliance - The company reported a standard unqualified audit opinion from Ernst & Young Huaming[3]. - The board of directors confirmed the accuracy and completeness of the annual report's financial statements[3]. - The company maintains a strong governance structure, ensuring compliance with regulatory requirements[3]. - The company emphasizes strict adherence to corporate governance standards, ensuring independent operations of the board and supervisory committee, and compliance with relevant laws and regulations[141]. - The company has established a robust compliance and legal framework to support its operations and investor relations[123]. - The company has adopted the Corporate Governance Code and has complied with its principles and provisions throughout the reporting period[142]. Market and Operational Strategy - The company is focused on expanding its market presence and enhancing product offerings, including high-value products[9]. - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[19]. - The company aims to achieve a clinker capacity utilization rate of 30% above the benchmark level by 2025, as part of national energy efficiency and carbon reduction goals[20]. - The company is committed to a strategy of rational competition, integration optimization, and environmental transformation, focusing on vertical integration within the cement industry[25]. - The company is actively investing in low-carbon technologies and alternative energy sources to improve industry efficiency and sustainability[20]. Risks and Challenges - The company has detailed potential risks outlined in the report, particularly in the section discussing operational conditions[3]. - The company faces risks from rising production costs driven by geopolitical tensions, supply-demand imbalances, and stricter energy and environmental regulations[81]. - Domestic cement demand has significantly declined, with a notable drop in 2022 due to multiple factors, including a downturn in the real estate market and ongoing economic pressures[80]. Research and Development - The company's research and development expenses totaled RMB 113,199,061, representing 0.37% of operating revenue, with capitalized R&D accounting for 30.95% of the total[48]. - The company has established a new research and development center, with an annual budget of 50 million RMB dedicated to innovation in cement technology[118]. Employee and Executive Compensation - The total pre-tax remuneration payable to the company's directors, supervisors, and senior management at the end of the reporting period was 65.8572 million yuan[127]. - The actual total remuneration received by the company's directors, supervisors, and senior management during the reporting period was 65.8572 million yuan[128]. - The company has implemented a comprehensive compensation system to align employee remuneration with company performance[134]. Shareholder Structure - Holcim Limited holds a total of 869,235,668 shares in the company, representing 41.46% of the total equity[103]. - The largest shareholder, Holcim Limited, holds 451,333,201 A shares (21.53%) and 417,902,467 H shares (19.93%)[103]. - The company reported a significant shareholding concentration, with Holcim Limited and its subsidiaries controlling over 39% of the total shares[106]. Sustainability Initiatives - The company is committed to sustainable practices, including the use of alternative raw materials[6]. - The company emphasizes the importance of energy conservation and carbon reduction, with a target of achieving a heat value substitution rate of over 20% in 2023[79]. - The management team emphasized a focus on sustainability, with plans to reduce carbon emissions by 20% over the next five years[117]. International Expansion - The company has established a strategic layout in economically vibrant regions and is expanding its presence in countries along the Belt and Road Initiative[30]. - The company is actively pursuing international expansion as one of its four major development strategies, despite the complexities of the current global landscape[81]. Audit and Internal Controls - The company engaged Ernst & Young Huaming to audit the effectiveness of internal controls related to financial reporting, receiving a standard unqualified audit opinion[175]. - The audit committee assessed the company's risk management system and internal controls, confirming compliance with the requirements set by the China Securities Regulatory Commission[161].