Financial Performance - The company's operating revenue for Q3 2021 reached ¥3,172,438,587.69, representing a 30.43% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥473,160,199.66, a 26.66% increase year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥461,768,954.89, reflecting a 39.63% increase compared to the previous year[3] - The basic earnings per share for the current period was ¥0.32, up 14.29% from ¥0.24 in the same period last year[3] - The diluted earnings per share increased to ¥0.37, a 32.14% rise compared to the previous year[3] - Total revenue for the first three quarters of 2021 reached ¥8,383,065,882.46, a 33.5% increase from ¥6,282,096,909.40 in the same period of 2020[23] - Operating profit for the first three quarters of 2021 was ¥1,693,104,206.51, compared to ¥634,459,858.57 in the first three quarters of 2020, reflecting a significant increase[23] - Net profit for the first three quarters of 2021 was ¥1,439,283,382.67, up from ¥529,060,934.33 in the same period of 2020, indicating a growth of 172.5%[23] - The total profit reached 169,739.96 million RMB, marking a 197.07% increase from 57,138.74 million RMB year-on-year[14] - The net profit attributable to the parent company was 143,975.92 million RMB, up 208.87% from 46,613.47 million RMB in the previous year[14] Assets and Equity - Total assets at the end of the reporting period were ¥15,814,955,706.76, showing a 7.05% increase from the end of the previous year[3] - The equity attributable to shareholders increased by 34.54% to ¥9,664,626,622.69 compared to the previous year[3] - Total assets as of September 30, 2021, amounted to ¥15,814,955,706.76, compared to ¥14,773,796,289.29 at the end of 2020, showing a growth of 7.1%[21] - The total equity attributable to shareholders increased to ¥9,664,626,622.69 as of September 30, 2021, from ¥7,183,637,995.69 at the end of 2020, reflecting a growth of 34.6%[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,152,830,474.15, a 41.07% increase compared to the same period last year[3] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 10.24 billion, an increase of 26.63% from CNY 8.09 billion in the same period of 2020[27] - The net cash flow from operating activities for Q3 2021 was CNY 1.15 billion, compared to CNY 817.20 million in Q3 2020, reflecting a growth of 41%[27] - The net cash flow from investing activities for the first three quarters of 2021 was -CNY 332.45 million, an improvement from -CNY 1.24 billion in the same period of 2020[27] - The net cash flow from financing activities for Q3 2021 was -CNY 589.85 million, compared to a positive cash flow of CNY 369.74 million in Q3 2020, indicating a shift in financing strategy[29] - The total cash and cash equivalents at the end of Q3 2021 amounted to CNY 916.57 million, up from CNY 710.13 million at the end of Q3 2020, showing a year-over-year increase of 29.05%[29] Production and Development - The company produced 36.03 million tons of PVC resin, 30.88 million tons of caustic soda, and 137.75 million tons of cement in the first nine months of 2021[14] - The company is developing a new biodegradable material project with a capacity of 100,000 tons/year, which is currently under construction[13] - The company has invested in a wholly-owned subsidiary to produce 250,000 tons of high-purity alcohol-based fine chemicals annually[14] - The company has successfully transitioned its 60,000 tons/year low-carbon alcohol project into formal production, achieving good performance[14] Shareholder Information - The company has a total of 75,576 common shareholders at the end of the reporting period[10] - The largest shareholder, Xinjiang Tianye (Group) Co., Ltd., holds 770,731,710 shares, accounting for 45.40% of the total shares[10] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥262,498,402.19, an increase from ¥205,453,522.19 in the first three quarters of 2020[23] Accounts Receivable and Liabilities - The company reported a significant increase in accounts receivable, which rose to ¥348,394,032.27 as of September 30, 2021, compared to ¥190,057,123.61 at the end of 2020, indicating an increase of 83.5%[20] - Total liabilities as of September 30, 2021, were ¥5,765,910,953.77, a decrease from ¥7,218,116,929.35 at the end of 2020[21] - The company’s short-term borrowings decreased to ¥433,580,000.00 as of September 30, 2021, from ¥453,480,791.66 at the end of 2020, showing a reduction of 4.1%[21]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,172,438,587.69, representing a 30.43% increase compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 473,160,199.66, a 26.66% increase year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 461,768,954.89, reflecting a 39.63% increase compared to the previous year[3]. - The basic earnings per share for Q3 2021 was CNY 0.32, up 14.29% from CNY 0.24 in the same period last year[3]. - The diluted earnings per share for Q3 2021 was CNY 0.37, an increase of 32.14% compared to CNY 0.23 in the previous year[3]. - The weighted average return on equity increased to 5.39%, up 1.04 percentage points from 3.47% year-on-year[3]. - The company achieved an operating revenue of 8,383.07 million RMB for the first nine months of 2021, a 37.88% increase compared to 6,079.90 million RMB in the same period last year[13]. - The net profit attributable to the parent company for the first nine months of 2021 was 1,439.76 million RMB, representing a 208.87% increase from 466.13 million RMB in the same period last year[13]. - Total operating revenue for the first three quarters of 2021 reached ¥8,383,065,882.46, a 33.5% increase from ¥6,282,096,909.40 in the same period of 2020[21]. - Operating profit for the first three quarters of 2021 was ¥1,693,104,206.51, compared to ¥634,459,858.57 in the same period of 2020, representing a significant increase[21]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥1,439,759,205.98, up from ¥523,662,016.45 in the same period of 2020, marking a 174.5% increase[23]. - Total comprehensive income for the first three quarters of 2021 was ¥1,439,283,382.67, compared to ¥529,060,934.33 in the same period of 2020[23]. Assets and Equity - Total assets at the end of the reporting period were CNY 15,814,955,706.76, a 7.05% increase from the previous year[3]. - Shareholders' equity attributable to the parent company was CNY 9,664,626,622.69, reflecting a 34.54% increase compared to the previous year[3]. - As of September 30, 2021, current assets totaled CNY 4.86 billion, an increase from CNY 3.72 billion at the end of 2020[18]. - Total assets as of September 30, 2021, were CNY 15.81 billion, compared to CNY 14.77 billion at the end of 2020[19]. - The equity attributable to shareholders of the parent company increased to CNY 9.66 billion from CNY 7.18 billion at the end of 2020[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,152,830,474.15, a 41.07% increase compared to the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2021 was ¥1,152,830,474.15, an increase from ¥817,202,763.43 in the same period of 2020[25]. - Cash and cash equivalents increased to CNY 1.52 billion from CNY 695.87 million at the end of 2020[18]. - Cash and cash equivalents at the end of the third quarter of 2021 amounted to ¥916,573,071.14, up from ¥710,131,728.61 at the end of the same period in 2020[27]. - The company reported a net cash outflow from investing activities of ¥332,452,268.40 in the first three quarters of 2021, compared to a net outflow of ¥1,236,697,661.76 in the same period of 2020[25]. Production and Projects - The company produced 360,300 tons of PVC resin, 308,800 tons of caustic soda, and 1,040,000 tons of calcium carbide during the first nine months of 2021[13]. - The company is constructing a 100,000 tons/year PBAT project in collaboration with Donghua Engineering Technology Co., Ltd., which is currently under construction[12]. - The company has a total PVC production capacity of 650,000 tons, including 450,000 tons of general PVC and 100,000 tons of special resin[12]. - The company has invested in a wholly-owned subsidiary to build a 250,000 tons/year ultra-pure alcohol-based fine chemicals project and a 225,000 tons/year high-performance resin raw materials project[13]. - The company’s total production of special resin reached 79,700 tons and paste resin reached 81,500 tons in the first nine months of 2021[13]. Inventory and Liabilities - The company reported a significant increase in inventory, with current inventory at CNY 786.43 million compared to CNY 805.68 million at the end of 2020[18]. - Total liabilities decreased to CNY 5.77 billion from CNY 7.22 billion at the end of 2020[19]. Performance Commitments - The company completed 110.87% of its adjusted performance commitment for the first nine months of 2021, achieving a net profit of 793.31 million RMB[14]. - The net profit attributable to the parent company for the first nine months of 2021 was CNY 78.38 million, achieving 108.46% of the annual performance forecast of CNY 71.92 million[15]. - The cumulative net profit after deducting non-recurring gains and losses for 2020 and the first nine months of 2021 was CNY 161.65 million, reaching 80.17% of the three-year cumulative performance commitment of CNY 201.62 million[15]. Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥262,498,402.19, compared to ¥205,453,522.19 in the same period of 2020, indicating a 27.7% increase[21]. Sales Revenue - The significant increase in revenue was primarily driven by a substantial rise in sales prices of products such as polyvinyl chloride resin compared to the previous year[9]. - The company experienced a significant increase in sales revenue from goods and services, totaling ¥9,241,136,731.23 in the first three quarters of 2021, compared to ¥7,352,530,483.27 in the same period of 2020[25]. Profit Margins - The company’s gross profit margin and net profit margin have significantly increased year-on-year due to the strong performance of its main chlor-alkali chemical products[12].

Financial Performance - The company's operating revenue for the first half of the year reached ¥5,210,627,294.77, representing a 35.35% increase compared to ¥3,849,772,922.70 in the same period last year[26]. - Net profit attributable to shareholders was ¥966,599,006.32, a significant increase of 544.00% from ¥150,092,436.94 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥941,319,545.28, up 937.96% from ¥90,689,437.18 year-on-year[26]. - The net cash flow from operating activities was ¥1,089,760,487.20, reflecting a 161.05% increase compared to ¥417,446,383.14 in the same period last year[26]. - The company's total assets increased by 5.22% to ¥15,545,309,850.85 from ¥14,773,796,289.29 at the end of the previous year[26]. - Basic earnings per share rose to ¥0.69, a 527.27% increase from ¥0.11 in the same period last year[26]. - The weighted average return on equity increased by 10.83 percentage points to 12.64% from 1.81% year-on-year[26]. - In the first half of 2021, the company achieved operating income of 5,210.63 million yuan, a year-on-year increase of 39.26% compared to 3,741.60 million yuan[61]. - The total profit for the same period was 1,145.77 million yuan, a significant increase of 576.96% year-on-year[61]. - The net profit attributable to the parent company was 966.60 million yuan, up 629.95% from 132.42 million yuan in the same period last year[61]. Company Operations - The company operates in the Xinjiang region, with its registered and office address located in Shihezi City[22]. - The company has a PVC production capacity of 650,000 tons, including 450,000 tons of general PVC, 100,000 tons of special resin, and 100,000 tons of paste resin[36]. - The company has developed lightweight, composite, and functional PVC downstream plastic products, enhancing its product offerings in the market[47]. - The company has established a strong technological innovation advantage, supported by a national-level enterprise technology center and research institute[47]. - The company has successfully completed the first phase of a 600,000 tons/year ethylene glycol project, which began production in May 2021[76]. Environmental Responsibility - The company is committed to improving safety and environmental protection measures in response to increasing regulatory pressures[96]. - The company has maintained a focus on environmental responsibility, with all emissions reported below the allowed limits[116]. - The environmental protection facilities of Tianeng Chemical, Tianwei Chemical, Tianeng Cement, and Tianwei Cement are operating well, with all pollutants meeting discharge standards[121]. - No administrative penalties were imposed due to environmental issues during the reporting period[132]. - Environmental self-monitoring plans have been established and approved for Tianeng Chemical, Tianwei Chemical, Tianeng Cement, and Tianwei Cement[131]. Strategic Initiatives - The company has implemented a strategy of asset restructuring to solidify its existing advantages and eliminate weaker industries, optimizing its product structure[52]. - The company is enhancing its integrated circular economy industrial chain to improve waste utilization and reduce pollution emissions[97]. - The company plans to strengthen its research and development efforts to innovate and adapt to market demands, particularly in high-end PVC resin products[97]. - The company has developed a comprehensive "coal-electricity-calcium carbide-PVC-100% calcium carbide slag cement" circular economy industrial park, enhancing its competitive edge in the chlor-alkali chemical sector[51]. Governance and Management - The company has appointed new board members and management, including Zhou Jun as Chairman and Zhang Qiang as Vice Chairman[108]. - The company has a total of 8 board members and 3 independent directors elected in the latest shareholder meeting[108]. - The company held several shareholder meetings in 2021, all resolutions were passed without any objections, indicating strong governance[102]. - The company has not implemented any employee stock ownership plans or other incentive measures during this reporting period[111]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which significantly impact the chlor-alkali chemical industry and its profitability[96]. - Rising raw material and energy prices pose a cost pressure on the company, despite having a strategic alliance with key suppliers to mitigate risks[96]. - The company reported a significant increase in financial expenses, which rose by 55.21% to CNY 117,185,497.00, primarily due to increased interest expenses from convertible bonds and bank loans[68]. Investments and Acquisitions - The company invested a total of 3,398.12 million in equity investments during the reporting period, representing a year-on-year decrease of 99.30% or 480,472.83 million compared to the previous year[82]. - The company established a wholly-owned subsidiary, Xinjiang Tianye Huixiang New Materials Co., Ltd., with a cash investment of 60,000 million, which will undertake projects with a total investment of 234,868.38 million, including an annual production capacity of 250,000 tons of ultra-pure alcohol-based fine chemicals[83][86]. - The company signed a loan agreement for RMB 480 million for a 15-year term to support the 600,000 tons/year ethylene glycol project[198]. Commitments and Guarantees - The company has ongoing commitments to performance compensation agreements, ensuring compliance with profit targets as stipulated in the agreements[147]. - The total amount of guarantees provided by the company is RMB 360 million, accounting for 50.11% of the company's net assets[200]. - The company provided joint liability guarantees to Tianye Huihe, which is a subsidiary of the controlling shareholder[200].

新疆天业股份有限公司 证券代码：600075 股票简称：新疆天业 公告编号：临 2021-054 本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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资计划、 股权激励、可持续发展等投资者所关心的问题，公司定于 2021 年 6 月 18 日参加由新疆 上市公司协会联合深圳市全景网络有限公司组织开展的 2021 年新疆辖区上市公司投资 者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程 的方式举行，投资者可以登录全景网"投资者关系互动平台"网站（http://ir.p5w.net/） 或关注微信公众号：全景财经（微信号：p5w2012），参与公司本次投资者集体接待日活 动，活动时间为 2021 年 6 月 18 日（星期五）15:00—17:30。 公司出席本次集体接待日的人员有：公司董事长周军先生、总经理关刚先生、财务 总监陈建良先生、董事会秘书李升龙先生。 欢迎广大投资者积极参与。 特此公告 ...

公司代码：600075 公司简称：新疆天业 新疆天业股份有限公司 2021 年第一季度报告 2021 年第一季度报告 目录 | --- | --- | |------------------|-------| | | | | 一、重要提示 | | | 二、公司基本情况 | | | 三、重要事项 | | | 附录 . 四、 | | 1 / 23 2021 年第一季度报告 2.1 主要财务数据 一、重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周军、主管会计工作负责人陈建良及会计机构负责人（会计主管人员）冯丽保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、公司基本情况 单位：元 币种：人民币 | --- | --- | --- | --- | |------------------------------------------------------------------------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of ¥886,522,036.39 in 2020, with retained earnings from the previous year amounting to ¥2,942,721,068.82, resulting in a total distributable profit of ¥3,804,416,163.62[3]. - In 2020, the company's operating revenue reached CNY 8,992,579,871.21, representing a year-on-year increase of 5.21%[18]. - The net profit attributable to shareholders was CNY 886,522,036.39, a significant increase of 63.01% compared to the previous year[18]. - The basic earnings per share (EPS) for 2020 was CNY 0.66, reflecting a growth of 57.14% from CNY 0.42 in 2019[18]. - The company's total assets increased by 7.53% to CNY 14,773,796,289.29 at the end of 2020[18]. - The net cash flow from operating activities decreased by 42.60% to CNY 1,112,402,966.64 compared to the previous year[18]. - The company reported non-recurring gains and losses totaling CNY 96,562,308.94 for 2020[24]. - The total profit for 2020 was CNY 106,885.69 million, up 1699.55% from CNY 5,939.58 million year-on-year[49]. - The net profit attributable to the parent company reached CNY 88,652.20 million, a staggering increase of 2952.75% compared to CNY 2,904.01 million in the previous year[49]. Dividends and Share Capital - A cash dividend of ¥1 per 10 shares (including tax) is proposed, totaling ¥141,972,773.70, based on a total share capital of 1,419,727,737 shares as of December 31, 2020[3]. - The company does not plan to issue bonus shares or convert capital reserves into share capital[4]. - The company emphasizes cash dividend policies, ensuring that cash dividends are distributed at least once a year and not less than 30% of the average distributable profit over the last three years[143]. - Over the last three years, the company has distributed a total of CNY 239,225,000 in cash dividends, which is 50.93% of the average distributable profit of CNY 46,971,880 per year[144]. Acquisitions and Business Expansion - The company completed the acquisition of 100% equity in Tianwei Cement on December 25, 2020, through a cash transaction, making it a wholly-owned subsidiary[10]. - The company also acquired 100% equity in Tianeng Chemical on April 30, 2020, through a combination of share issuance, convertible bonds, and cash payments, now also a wholly-owned subsidiary[10]. - The company completed the acquisition of TianNeng Chemical and Tianwei Cement, enhancing its business structure and integrating its operations into a circular economy model with a PVC production capacity of 650,000 tons and a caustic soda capacity of 470,000 tons[28][29][33]. - The company completed the acquisition of 100% equity in Tianeng Chemical and Tianwei Cement, significantly enhancing its asset scale and optimizing its asset structure[46]. Market and Industry Analysis - The PVC market experienced significant fluctuations due to the COVID-19 pandemic, with prices hitting historical highs in December 2020 after a recovery from a low in April[29]. - The demand for PVC paste resin surged due to high production rates in glove manufacturing, driven by ongoing pandemic-related needs, leading to a notable price increase[29]. - The domestic caustic soda market faced a downward trend, but the price decline has stabilized, with expectations of recovery as macroeconomic indicators improve[30]. - The agricultural water-saving industry is projected to grow significantly, with plans to establish 1 billion mu of high-standard farmland by 2022, emphasizing efficient irrigation systems[31][32]. - The chemical industry in China saw a reduction in PVC production enterprises to 70, with a total capacity of 26.64 million tons by the end of 2020, indicating a balanced supply-demand situation[83]. - The chlor-alkali industry is undergoing structural reforms, focusing on eliminating excess capacity and promoting clean production, which will impact the PVC market significantly[128]. Research and Development - The company submitted 54 patent applications in 2020, including 43 utility model patents and 9 authorized invention patents, enhancing its core competitiveness through intellectual property management[38]. - Total R&D investment amounted to ¥271,243,710.31, representing 3.02% of operating revenue[71]. - The company has focused on high-end and specialty products to enhance its international competitiveness and has implemented safety and environmental protection measures[85]. - The company is focused on enhancing its R&D capabilities to promote green transformation in the calcium carbide PVC industry[93]. Risk Management and Compliance - The company has detailed potential risks in its report, which investors should review in the section discussing operational conditions and future development risks[4]. - There are no violations of decision-making procedures regarding external guarantees[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has established a guarantee relationship with its controlling shareholder, Tianye Group, which provides counter-guarantees[200]. - The company has no overdue guarantees and has not incurred any losses due to guarantees in litigation[200]. Environmental and Safety Initiatives - The company is focused on safety and environmental protection, implementing strict measures to ensure compliance and enhance operational stability[46]. - The company aims to improve safety management and waste utilization efficiency while reducing pollutant emissions through advanced safety and environmental protection equipment[140]. - The company has established a green circular economy model, integrating self-generated power, calcium carbide, and PVC production, which provides a cost advantage in the chlor-alkali chemical industry[89]. Future Outlook and Strategic Plans - The company has committed to maintaining a cash dividend policy that does not exceed the cumulative distributable profit and does not harm its ongoing operational capabilities[143]. - The company plans to leverage domestic market advantages to stimulate consumption recovery and explore new growth points amid the pandemic's impact[121]. - The company aims to enhance its chlor-alkali chemical industry chain through major asset restructuring, focusing on green circular economy development and optimizing product structure[130]. - The company plans to develop over two new PVC products, focusing on high-impact, high-polymerization, and high-heat resistance materials[137].

Financial Performance - Operating income for the first nine months was CNY 6.08 billion, a slight decrease of 1.00% year-on-year[8] - Net profit attributable to shareholders of the listed company was CNY 466.13 million, an increase of 0.90% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses surged by 607.03% to CNY 421.41 million compared to the same period last year[8] - The weighted average return on net assets increased by 1.26 percentage points to 5.28%[8] - Basic earnings per share remained stable at CNY 0.34, with diluted earnings per share also at CNY 0.33[8] - The company achieved operating revenue of CNY 607,990.31 million for the first nine months of 2020, an increase of 84.40% compared to CNY 329,706.31 million in the same period last year[19] - The total profit reached CNY 57,138.74 million, a significant increase of 431.54% from CNY 10,749.70 million in the previous year[19] - Net profit attributable to the parent company was CNY 46,613.47 million, up 740.27% from CNY 5,547.41 million year-on-year[19] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 13.33 billion, an increase of 3.70% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company decreased by 23.67% to CNY 6.38 billion compared to the end of the previous year[8] - The total liabilities reached CNY 6,596,732,313.11, up from CNY 4,140,949,892.05 in the previous year, indicating a rise in financial obligations[50] - The company's current assets totaled CNY 2,967,961,612.30, compared to CNY 2,161,031,114.66 at the end of 2019, reflecting a significant increase[49] - The total equity attributable to shareholders decreased to CNY 6,383,237,915.41 from CNY 8,362,848,973.02, reflecting a decline of approximately 23.6%[50] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 720.14 million, down 43.80% year-on-year[8] - The net cash flow from investing activities was approximately -¥1,229.00 million, a 109.64% increase from -¥586.23 million year-on-year, primarily due to the acquisition of Tianeng Chemical equity[20] - The net cash flow from financing activities was approximately ¥454.81 million, a 126.58% increase compared to -¥1,711.39 million in the previous year, attributed to the repayment of large loans by Tianeng Chemical in the prior period[20] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 720,143,973.70, a significant decrease of 43.8% compared to CNY 1,281,382,198.75 in the previous year[64] - Cash inflows from financing activities were CNY 1,283,000,000.00, a decrease from CNY 1,427,374,949.81 in the previous year, reflecting a decline of approximately 10.1%[64] Production and Operations - The company produced 58.25 billion kWh of electricity and 98.08 million tons of calcium carbide during the first nine months of 2020[18] - The company’s production of special resins reached 7.32 million tons, with a notable increase in production capacity[18] - The construction of a 600,000 tons/year ethylene glycol project is progressing, with the second gasifier successfully producing ethylene glycol, aiming for full system operation soon[24] - The company maintains a strong competitive position in the industry despite challenges from the COVID-19 pandemic and declining caustic soda prices, with stable production and operations reported[23] Shareholder and Corporate Governance - The total number of shareholders at the end of the reporting period was not disclosed, but the company reported significant changes in shareholder structure[12] - The company has committed to a share lock-up period of 18 months for shares held prior to the transaction completion, in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange[33] - The company has committed to avoid competition with its subsidiaries by managing operations through a trust management agreement, ensuring that overlapping business activities are consolidated under Xinjiang Tianye[39] - The company will not engage in any business that directly competes with the main business of the listed company or its subsidiaries, to prevent potential conflicts[40] - The commitments regarding avoiding competition will remain effective as long as the company holds a controlling stake in the listed company[43] Research and Development - Research and development expenses for Q3 2020 were CNY 131,073,574.54, compared to CNY 123,391,012.31 in Q3 2019, showing an increase of about 6.8%[56] - The company reported financial expenses of ¥8,779,847.63 in Q3 2020, an increase from ¥3,923,658.67 in Q3 2019[61]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,741,599,551.36, a decrease of 4.29% compared to the same period last year[26]. - The net profit attributable to shareholders of the listed company was CNY 132,419,650.49, down 62.43% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 90,689,437.18, an increase of 81.56% compared to the previous year[26]. - The net cash flow from operating activities was CNY 393,528,994.36, a decrease of 50.34% compared to the same period last year[26]. - Basic earnings per share for the reporting period is CNY 0.10, a decrease of 61.54% compared to the same period last year[28]. - Diluted earnings per share for the reporting period is CNY 0.10, reflecting a 61.54% decline year-over-year[28]. - The weighted average return on net assets is 1.32%, down by 1.62 percentage points from the previous year[28]. - The company achieved a revenue of 3,741.60 million RMB in the first half of 2020, a 79.06% increase compared to the same period last year[54]. - The net profit attributable to the parent company was 1,324.20 million RMB, reflecting a 148.78% growth year-on-year[54]. - The actual performance for the first half of 2020 achieved 17.31% of the annual profit commitment of CNY 524.09 million, amounting to CNY 90.74 million[125]. Asset and Capital Structure - The total assets at the end of the reporting period were CNY 13,775,723,213.93, an increase of 7.16% from the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were CNY 6,046,513,751.75, a decrease of 27.70% compared to the end of the previous year[26]. - The total share capital at the end of the reporting period was 1,359,727,738 shares, an increase of 39.81% compared to the previous year[26]. - The company's total shares increased to 1,359,727,738, with 387,205,386 shares issued as restricted shares, representing 28.48% of total shares[188]. - The company completed the issuance of 387,205,386 new shares, increasing total share capital from 972,522,352 shares to 1,359,727,738 shares[189]. - The company’s financial indicators, including EPS and net assets per share, were impacted by the issuance of new shares, with a decrease of CNY 0.02 per share for the non-recurring profit and loss adjusted EPS[192]. Acquisitions and Investments - The company completed the acquisition of TianNeng Chemical, which became a wholly-owned subsidiary on April 30, 2020, enhancing its integrated economic cycle industry chain[37]. - The company completed the acquisition of 100% equity in Tianeng Chemical, significantly enhancing its asset scale and optimizing its asset structure[54]. - The company’s total equity investment in TianNeng Chemical was approximately ¥483.87 million, marking a substantial increase compared to a negative investment of ¥60 million in the same period last year[73]. - The company acquired 100% equity of TianNeng Chemical, significantly changing its business structure and expanding its production and sales of PVC and other chlor-alkali products[65]. - The company plans to propose acquisition proposals for its subsidiaries, Tianchen Chemical and Tianyu New Material, within 12 months after certain conditions are met[104]. Operational Highlights - The company produced 39.59 billion kWh of electricity and 66.75 thousand tons of calcium carbide during the reporting period[55]. - The company exported 7.24 thousand tons of PVC resin and achieved a total foreign trade import and export volume of 11,249.34 million USD, a 36.76% increase year-on-year[54]. - The company is focusing on high-performance PVC materials and downstream product research to enhance its competitive edge in the chlor-alkali chemical industry[44]. - The company is actively pursuing international technology cooperation and has established water-saving agricultural demonstration bases in 17 countries in Central Asia and Africa[47]. - The company is advancing the construction of a 600,000-ton ethylene glycol project, with significant progress in design, equipment procurement, and construction[60]. Risk Management and Strategic Focus - The company has detailed risk factors related to its future development in the report[9]. - The company is facing risks from rising raw material and energy prices, which could increase operational costs, and is implementing strategies to mitigate these risks through asset restructuring and strategic supplier alliances[88]. - The company is facing risks related to market demand and product pricing due to external economic uncertainties and macroeconomic conditions[89]. - To address these risks, the company is optimizing its business layout through asset restructuring and enhancing technological innovation and R&D efforts[89]. - The company has committed to achieving net profit targets of approximately CNY 506.55 million, CNY 524.09 million, and CNY 541.76 million for the years 2019, 2020, and 2021, respectively, if the restructuring is completed in 2019[103]. Environmental and Social Responsibility - The company emphasizes the importance of safety and environmental protection, aiming to enhance its management practices and reduce pollution emissions in response to increasing regulatory pressures[88]. - The company has implemented nine environmental protection technology upgrades, including the addition of denitrification devices and online monitoring systems, to reduce nitrogen oxide emissions[166]. - The total emissions of sulfur dioxide from the Tianwei Chemical thermal power plant were 138.94 tons, well below the annual limit of 616 tons[162]. - The company is actively engaged in developing circular economy technologies, focusing on resource recycling and clean production methods[166]. - The company is committed to enhancing its social responsibility by actively participating in local poverty alleviation and agricultural development initiatives[144]. Research and Development - Research and development expenses increased by 73.14% to approximately ¥67.51 million, compared to ¥38.99 million in the previous year, reflecting a stronger focus on R&D in the chlor-alkali chemical industry[61]. - The company is focusing on enhancing the quality of its PVC products and exploring automation control potential to combat rising raw material prices and market competition[89]. - The company continues to focus on technological innovation in water-saving techniques, aiming to support the development of water-saving agriculture in China[136]. Shareholder and Governance - The company has ongoing commitments related to share lock-up periods and performance compensation agreements to ensure compliance with regulatory requirements[99][101]. - The company guarantees the independence of Xinjiang Tianye in business, assets, finance, personnel, and institutions post-transaction, ensuring compliance with relevant laws and regulations[113]. - The company has no plans for strategic investors or general corporations to become top shareholders through new share placements[200]. - The company’s shareholder structure includes significant state-owned entities, indicating a strong government presence in ownership[196].

新疆天业股份有限公司 证券代码：600075 股票简称：新疆天业 公告编号：临 2020-041 新疆天业股份有限公司关于参加 2020 年新疆辖区上市公司投资者网上集体接待日活动的公告 本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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资计划、 股权激励、可持续发展等投资者所关心的问题，公司定于 2020 年 6 月 24 日下午 15:00-17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2020 年新疆辖区上市公司投资者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程 的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/）或关注 微信公众号：全景财经（微信号：p5w2012），参与公司本次投资者集体接待日活动，活 动时间为 2020 年 6 月 24 日（星期三）15:00—17:30。 公司出席本次集体接待日的人员有：公司总经理 ...

Financial Performance - The company achieved a net profit attributable to the parent company of CNY 29,040,112.58 in 2019, with retained earnings from the previous year amounting to CNY 2,229,351,794.11, resulting in a total distributable profit of CNY 2,161,007,969.64 at year-end[3] - The company’s total distributable profit for the parent company at year-end was CNY 134,994,031.87[3] - The company's operating revenue for 2019 was approximately CNY 4.50 billion, a decrease of 6.71% compared to 2018[22] - Net profit attributable to shareholders was CNY 29.04 million, down 94.12% from the previous year[22] - Basic earnings per share dropped to CNY 0.03, a decline of 94.12% year-on-year[23] - The weighted average return on equity decreased to 0.61%, down 10.22 percentage points from 2018[23] - The company reported a total asset value of approximately CNY 8.07 billion, a decrease of 6.80% compared to 2018[22] - The company reported a total operating revenue of 4,503.74 million yuan in 2019, a decrease of 6.71% compared to 4,827.76 million yuan in the previous year[64] - The net profit attributable to shareholders was 29.04 million yuan, down 94.12% from 49.36 million yuan in the previous year[64] Dividend Policy - The board proposed no cash dividends, no bonus shares, and no capital reserve transfer to increase share capital for 2019, considering the need for cash payment for the acquisition of Tianeng Chemical Co., Ltd. and the impact of the COVID-19 pandemic on the economic environment[3] - The company has proposed not to distribute cash dividends for the fiscal year 2019, despite achieving a net profit attributable to the parent company of CNY 29,040,112.58, due to the need for cash payments related to the acquisition of Tianeng Chemical and operational funding for subsidiaries[154] - The company has maintained a cash dividend policy, distributing a total of CNY 48,626,117.60 in 2017 and CNY 97,252,235.20 in 2018, which accounted for 9.02% and 19.70% of the net profit attributable to shareholders, respectively[157] Asset Restructuring - The company is undergoing a major asset restructuring to acquire 100% equity of Tianeng Chemical Co., Ltd. through a combination of issuing shares, convertible bonds, and cash payments, which was approved by the China Securities Regulatory Commission on March 5, 2020[11] - The company is actively pursuing a major asset restructuring, planning to acquire 100% equity of Tianeng Chemical Co., Ltd. for 2.2 billion yuan through a combination of shares, convertible bonds, and cash[59] - The integration of Tianeng Chemical is expected to enhance the company's asset scale and optimize its asset structure, potentially improving overall performance[60] Risk Management - The company has detailed potential risk factors related to its future development in the report, emphasizing the importance of risk awareness for investors[4] - The company is focused on enhancing its market risk response capabilities to ensure sustainable development amid economic uncertainties[3] - The company recognizes the risks associated with market demand and product pricing, particularly in the context of external economic uncertainties[147] Production and Sales - The average selling price of caustic soda was CNY 1,992.54 per ton, down 31.32% from the previous year[22] - The company reported a significant decline in sales of various products, including a 14.31% decrease in steam sales and a 28.20% decrease in acetylene gas sales compared to the previous year[59] - The production of caustic soda utilizes advanced ion membrane electrolysis technology, resulting in low energy consumption and high product quality[111] Research and Development - Research and development expenses totaled 120,775,237.50, accounting for 2.68% of operating revenue, with 442 R&D personnel making up 14.02% of the total workforce[88] - The company completed 33 technology improvement R&D projects in 2019, resulting in 41 authorized patents, including 7 invention patents[89] - The company has obtained 41 authorized patents, including 7 invention patents, enhancing its competitive strength in the market[52] Environmental and Social Responsibility - The company is committed to green development, implementing energy-saving measures and improving production processes to enhance competitiveness[101] - The company has invested CNY 48.80 million in environmental protection, accounting for 1.08% of total revenue[125] - The company has implemented a comprehensive poverty alleviation strategy, focusing on sustainable development and local economic growth[186] Market Strategy - The company plans to optimize its product structure and enhance technological innovation to meet customer demands and industry trends[138] - The company is focusing on expanding its market presence in emerging markets while stabilizing traditional markets[138] - The company aims to establish a stable upstream resource supply system to mitigate risks from raw material price fluctuations[147] Financial Management - The net cash flow from operating activities increased by 135.62% to CNY 1.12 billion[22] - The net cash flow from investing activities improved to -168.40 million yuan, an increase of 333.62 million yuan compared to the previous year's -502.01 million yuan, mainly due to the recovery of loans from disposed equity interests[92] - The net cash flow from financing activities was -753.24 million yuan, a decrease of 756.39 million yuan from the previous year's 3.15 million yuan, primarily due to the repayment of bank loans[92] Corporate Governance - The company’s financial report received a standard unqualified audit opinion from Tianjian Accounting Firm[3] - The company engaged Tianjian Accounting Firm for financial auditing and internal control auditing for the year 2019[165] - The company did not report any major litigation or arbitration matters during the reporting period[166]