Financial Performance - The company's operating revenue for Q3 2022 was ¥68,630,063.88, representing a year-on-year increase of 334.29%[5] - The net profit attributable to shareholders was -¥35,243,456.32, a decrease of 50.16% compared to the same period last year[5] - The cash flow from operating activities was -¥15,303,960.45, reflecting a significant decline of 90.28% year-on-year[6] - Basic earnings per share were -¥0.0692, down 50.11% from the previous year[6] - The company reported a 41.32% increase in operating income year-to-date, totaling ¥89,423,896.80[5] - The net profit for the first three quarters of 2022 was a loss of CNY 26,639,335.02, an improvement from a loss of CNY 36,788,270.97 in the same period of 2021, reflecting a reduction in losses of approximately 27.7%[25] - The total comprehensive income for the third quarter of 2022 was -26,639,335.02 CNY, compared to -36,788,270.97 CNY in the same period of 2021, showing an improvement[26] - The basic and diluted earnings per share for Q3 2022 were both -0.0482 CNY, compared to -0.0722 CNY in Q3 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,348,982,641.01, a decrease of 2.42% from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2022 amounted to CNY 1,348,982,641.01, a slight decrease from CNY 1,382,393,997.93 at the end of 2021[23] - Current liabilities totaled CNY 1,102,085,048.88, down from CNY 1,127,438,403.61 in the previous year, showing a decrease of about 2.2%[22] - The company's total liabilities were CNY 1,223,551,986.19, a decrease from CNY 1,240,914,948.28 in the previous year, reflecting a reduction of about 1.4%[22] - The equity attributable to shareholders of the parent company decreased to CNY 106,904,465.83 from CNY 133,253,981.36, indicating a decline of approximately 19.8%[22] Cash Flow - Cash inflows from operating activities for the first three quarters of 2022 totaled 49,877,176.34 CNY, down from 66,244,180.68 CNY in the same period of 2021, representing a decrease of approximately 24.7%[29] - The net cash outflow from operating activities for the first three quarters of 2022 was -54,374,452.79 CNY, compared to -12,658,584.65 CNY in the same period of 2021[29] - Cash inflows from investing activities for the first three quarters of 2022 were 43,173,825.82 CNY, significantly higher than 17,326,827.00 CNY in the same period of 2021[29] - The net cash flow from investing activities for the first three quarters of 2022 was 36,670,761.29 CNY, compared to 14,528,465.91 CNY in the same period of 2021, indicating a substantial increase[29] - Cash inflows from financing activities for the first three quarters of 2022 amounted to 27,068,052.44 CNY, compared to 8,478,000.00 CNY in the same period of 2021[30] - The net cash outflow from financing activities for the first three quarters of 2022 was -3,143,607.84 CNY, slightly worse than -2,962,000.00 CNY in the same period of 2021[30] - The ending cash and cash equivalents balance as of the end of Q3 2022 was 10,371,369.10 CNY, compared to 3,130,864.34 CNY at the end of Q3 2021, reflecting an increase[30] Accounts Receivable and Cash Management - The company experienced a 60.67% decrease in cash and cash equivalents, primarily due to reduced cash collection from receivables[10] - The company reported a significant increase in accounts receivable by 60.44%, driven by higher revenue[10] - As of September 30, 2022, the company's cash and cash equivalents amounted to RMB 13,734,915.84, a decrease from RMB 34,921,683.84 at the end of 2021[19] - The company's accounts receivable increased significantly to RMB 104,771,183.26 from RMB 65,303,985.02 at the end of 2021, indicating a rise in credit sales[19] - The company reported a significant decrease in cash received from sales of goods and services, totaling 47,826,300.19 CNY for the first three quarters of 2022, down from 61,655,704.75 CNY in the same period of 2021, a decline of approximately 22.4%[28] Legal and Regulatory Issues - The total amount involved in ongoing litigation and arbitration cases is RMB 132,610.23 million, with 73 unresolved cases totaling RMB 114,491.80 million[15] - The company has 771 ongoing securities false statement liability disputes, with a total claim amount of RMB 12,095.07 million, affecting its operational management[16] - The company's assets under seizure or freezing amount to RMB 89,680.08 million, representing 64.87% of its latest audited total assets[16] - The company has received a warning for stock delisting risk due to negative net assets reported in the 2020 annual report[17] - The company has taken measures to address the financial issues caused by the former major shareholder's non-operational fund occupation and guarantees[15] Shareholder Information - The first major shareholder, Guangxi Railway Development Investment, holds 61,600,000 shares, representing 12.10% of the total shares[14]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥20.79 million, a decrease of 56.20% compared to ¥47.47 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥10.68 million, a significant turnaround from a loss of ¥13.31 million in the previous year, representing an increase of 180.26%[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥31.95 million, compared to a loss of ¥31.68 million in the same period last year, marking a 200.84% increase[17]. - The weighted average return on net assets increased to 7.71% from -19.07% in the previous year, an increase of 26.78 percentage points[17]. - The net cash flow from operating activities was negative at approximately -¥39.07 million, worsening from -¥8.24 million in the same period last year, a decline of 374.39%[17]. - Basic earnings per share improved to ¥0.0210 from a loss of ¥0.0261 in the previous year, representing an increase of 180.46%[17]. - The company reported a significant increase in financing cash flow, which rose by 334.05% to CNY 13,953,776.52 from CNY -5,962,000.00 in the previous year[42]. - The total profit for the first half of 2022 was CNY 7,888,217.60, compared to a total loss of CNY 13,306,339.85 in the first half of 2021[118]. - The company reported a total comprehensive income of 21,174,905.03 for the current period, compared to a loss of 16,391,399.91 in the previous period, reflecting a significant turnaround[182]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.34 billion, a decrease of 3.37% from ¥1.38 billion at the end of the previous year[17]. - The net assets attributable to shareholders increased to approximately ¥143.94 million, an increase of 8.02% from ¥133.25 million at the end of the previous year[17]. - The company's cash and cash equivalents decreased by 75.70% to CNY 8,484,503.76 from CNY 34,921,683.84 at the end of the previous year[45]. - The company's total assets were impacted by a significant amount of restricted assets, totaling CNY 904,337,442.03[46]. - The total liabilities to total assets ratio improved from approximately 89.8% to 87.8%[111]. - The total amount of guarantees provided by the company, excluding guarantees to subsidiaries, is CNY 123,082,344.50, which accounts for 92.37% of the company's net assets[96]. Operational Challenges - The company is facing challenges due to high raw material prices and historical financial issues, impacting its operational performance[38]. - The company is exposed to raw material price fluctuations, particularly for copper and rare earth permanent magnet materials, which could increase production costs[53]. - The company has identified market competition risks due to overcapacity and rising labor costs, leading to intensified price competition and declining industry profits[54]. - The company is currently facing significant operational pressures due to ongoing economic challenges and market conditions, impacting its ability to maintain continuous operations[193]. - The company has been actively seeking debt restructuring and asset disposal strategies to alleviate financial pressures and improve liquidity[194]. Legal and Compliance Issues - The company is involved in 117 litigation and arbitration cases with a total amount of CNY 1,325.36 million, which may negatively impact its financial performance[55]. - The company has acknowledged the existence of several violations regarding guarantees, with the largest guarantee amounting to CNY 20,000.00 million, which is 150.00% of the latest audited net assets[75]. - The company has received a qualified audit opinion for the 2021 annual report, indicating ongoing concerns regarding financial practices[78]. - The company is actively pursuing measures to resolve the issues related to occupied funds and guarantees, including urging Yinhai Group to comply with commitments[76]. - The company is currently facing multiple lawsuits, including a claim for RMB 1,772,466.15 related to a sales contract dispute[86]. Strategic Focus and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[135]. - The company aims to enhance its competitive position through strategic acquisitions and partnerships[135]. - Future guidance indicates a cautious outlook due to market volatility and economic uncertainties[135]. - The company is committed to enhancing shareholder value through strategic initiatives and effective capital allocation[175]. - The company aims to enhance its sustainable operating capacity by leveraging the industry advantages of its largest shareholder, Guangxi Railway Development Investment Fund[195]. Product Development and Innovation - The company is focusing on the development of compact and intelligent gas-insulated switchgear (C-GIS) to meet the growing demands of urban power grid construction[26]. - The C-GIS products utilize low-pressure SF6 and N2 as insulation media, showcasing advanced insulation and manufacturing technologies[26]. - The company has developed new products including 40.5kV SF6 gas-insulated ring network cabinets and customized switchgear for the State Grid[39]. - The company is exploring new technologies to innovate its product offerings and meet evolving customer demands[175]. - The company has initiated new product development projects aimed at expanding its market presence and enhancing competitive advantage[175].

证券代码：600112 股票简称：*ST 天成 公告编号：临 2022—056 贵州长征天成控股股份有限公司 关于参加 2021 年度贵州辖区上市公司业绩说明会暨 投资者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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升技资者关系管理水平，贵州证监局、贵州证券业 协会联合深圳市全景网络有限公司，将于 2022 年 5 月 13 日 09:30-11:30 在"全 景路演"(http://rs.p5w.net）举办 2021 年度贵州辖区上市公司业绩说明会暨 投资者集体接待日活动"。 公司出席本次活动人员有：总经理（代理董事长）高健先生等有关人员。 为充分尊重投资者、提升交流的针对性，现就公司本次活动提前向投资者公 开征集问题，广泛听取投资者的意见和建议。投资者可即日起访问 https://ir.p5w.net/zj/，进入问题征集专题页面提交问题。公司将对投资者普 遍关注的问题进行回答。 欢迎广大投资者积极 ...

Financial Performance - The company's operating revenue for 2021 was ¥117,955,159.62, a decrease of 16.15% compared to ¥140,671,786.88 in 2020[22]. - The net profit attributable to shareholders of the listed company was ¥180,733,214.18, a significant increase of 190.35% from a loss of ¥199,059,795.53 in 2020[22]. - The net profit after deducting non-recurring gains and losses was -¥129,484,196.37, an improvement of 42.48% from -¥224,332,302.83 in 2020[22]. - The net cash flow from operating activities was -¥29,569,079.51, worsening by 59.94% compared to -¥18,487,952.94 in 2020[22]. - The total assets at the end of 2021 were ¥1,382,393,997.93, an increase of 10.26% from ¥1,245,160,572.10 in 2020[22]. - The net assets attributable to shareholders of the listed company increased to ¥133,253,981.36, a 205.29% improvement from -¥126,560,365.77 in 2020[22]. - Basic earnings per share for 2021 were ¥0.3549, a recovery from -¥0.3909 in 2020, marking a 190.79% increase[23]. - The company did not propose any profit distribution or capital reserve transfer due to not meeting the profit distribution conditions[5]. - The company faces delisting risk due to a negative net asset value reported in 2020 and the issuance of an audit report with no opinion[8]. - The weighted average return on net assets was not applicable due to the initial net assets being negative[25]. Revenue and Profit Trends - In 2021, the company's total operating revenue for the four quarters was approximately CNY 118.95 million, with the highest revenue in Q4 at CNY 54.68 million[27]. - The net profit attributable to shareholders for the year was CNY 217.51 million in Q4, while the total net profit for the first three quarters was negative, with Q1 and Q3 showing losses of CNY 26.29 million and CNY 23.47 million respectively[27]. - The net cash flow from operating activities for the year was negative, totaling CNY -16.91 million in Q4, with Q1 and Q3 also showing negative cash flows of CNY -8.04 million and CNY -4.42 million respectively[27]. - The company reported non-recurring gains and losses of CNY 310.22 million for the year, with significant contributions from asset disposal and debt restructuring[31]. Industry and Market Position - The company emphasized its focus on the electrical equipment manufacturing sector, facing challenges such as rising raw material prices and cash flow pressures, leading to a decline in main business revenue[34]. - The electric equipment manufacturing industry in China is experiencing accelerated development due to increased policy support for major equipment R&D, with significant progress made in technology innovation and structural adjustments[38]. - The market demand for electric equipment is expected to grow significantly due to increased investments in new energy and power grid construction by the government[38]. - The company is positioned to benefit from the trend of domestic substitution in the electric equipment sector, as industry concentration continues to rise[38]. Research and Development - The company has made significant investments in R&D, completing projects such as the 27.5kV railway locomotive solid insulation switch and a new generation 12kV solid insulation ring network cabinet[35]. - Total R&D expenditure amounted to ¥8,301,934.41, representing 7.04% of operating revenue, with 58.34% of the R&D costs capitalized[68]. - The company employed 45 R&D personnel, accounting for 13.64% of the total workforce[69]. Operational Challenges - The company is facing substantial delisting risks due to ongoing financial pressures and market challenges[34]. - The company is addressing historical debt and litigation issues through asset disposal, debt restructuring, and settlement efforts[92]. - The company is facing significant cost pressures due to a substantial increase in raw material prices since 2021, impacting short-term financial stability[89]. - The company is experiencing intensified market competition due to overcapacity and rising labor costs, leading to declining overall industry profits[98]. Governance and Compliance - The company is committed to improving internal controls and governance structures to mitigate risks and enhance operational stability[91]. - The company has faced regulatory penalties, including a fine of CNY 600,000 imposed by the China Securities Regulatory Commission in December 2021[121]. - The company is under scrutiny for its internal governance and information disclosure practices following the penalties received[182]. - The company has established a risk prevention framework focusing on preemptive risk control, real-time monitoring, and post-evaluation optimization[141]. Legal and Financial Liabilities - The company is involved in 113 litigation and arbitration cases, with a total amount of approximately RMB 132,012.96 million, which may negatively impact its financial performance[99]. - The company has outstanding debts that have not been fully repaid, impacting its credibility[183]. - The company has a total of CNY 45,133.00 thousand in irregular guarantees, with the largest single guarantee amounting to CNY 20,000.00 thousand, representing 150.00% of the latest audited net assets[156]. Shareholder and Capital Structure - The total number of common shareholders as of the end of the reporting period is 37,984, an increase from 34,457 at the end of the previous month[195]. - The largest shareholder, Guangxi Railway Development Investment Fund, holds 61,600,000 shares, representing 12.10% of the total share capital[198]. - The company experienced a change in control due to a court ruling that transferred 61,600,000 shares from Galaxy Group to Guangxi Railway Development Investment Fund, affecting the company's largest shareholder status[199].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,464,202.48, a decrease of 77.58% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 35,265,628.26, representing a decline of 240.92% year-on-year[5] - The basic earnings per share were -CNY 0.0693, down 241.38% from the previous year[5] - The net profit for Q1 2022 was -35,821,367.03 RMB, compared to -10,344,366.66 RMB in Q1 2021, indicating a significant increase in losses[21] - The operating profit for Q1 2022 was -35,514,291.31 RMB, compared to -10,220,792.15 RMB in the same period last year[20] - The company reported a total revenue from sales and services of 16,523,620.23 RMB in Q1 2022, down from 23,101,307.62 RMB in Q1 2021[23] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 16,497,111.18, a decrease of 105.11% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of -16,497,111.18 RMB in Q1 2022, worsening from -8,042,916.25 RMB in Q1 2021[23] - The cash and cash equivalents at the end of Q1 2022 were 15,539,441.02 RMB, down from 575,046.16 RMB at the end of Q1 2021[24] - Cash and cash equivalents decreased to RMB 18,772,126.09 from RMB 34,921,683.84, a decline of 46.3%[16] - The total cash inflow from financing activities in Q1 2022 was 4,000,000.00 RMB, compared to 5,373,000.00 RMB in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,298,713,652.88, down 6.05% from the end of the previous year[6] - The company's total assets as of March 31, 2022, were RMB 1,298,713,652.88, down from RMB 1,382,393,997.93 at the end of 2021, representing a decrease of 6.0%[17] - The total liabilities amounted to RMB 1,189,055,970.26, a decrease of 4.2% from RMB 1,240,914,948.28 in the previous year[18] - The company's retained earnings showed a deficit of RMB 943,530,409.37 as of March 31, 2022, compared to a deficit of RMB 908,264,781.10 at the end of 2021[18] - The company's contract liabilities increased by 115.33%, attributed to an increase in contract prepayments during the reporting period[10] Operating Costs - The company experienced a 72.56% decrease in operating costs, correlating with the reduction in revenue[10] - The total operating costs for Q1 2022 were 26,809,188.50 RMB, up from 40,082,765.56 RMB in Q1 2021[20] - The company incurred financial expenses of 12,675,253.16 RMB in Q1 2022, compared to 10,870,169.92 RMB in Q1 2021[20] Legal and Regulatory Issues - The company has 113 ongoing litigation and arbitration cases, with a total amount involved of RMB 132,012.96 million, which may negatively impact future profits[14] - Assets worth RMB 91,507.97 million have been seized or frozen, accounting for 66.19% of the company's latest audited total assets[14] Other Financial Metrics - The weighted average return on net assets was -30.50%[6] - The company recorded a loss of CNY 15,453,629.43 from non-recurring items during the reporting period[8] - The company reported a 100% decrease in accounts receivable financing, primarily due to the maturity of notes payable[9] - The basic and diluted earnings per share for Q1 2022 were both -0.0693 RMB, compared to -0.0203 RMB in Q1 2021[21] - The company reported a total of RMB 475,102,057.11 in other payables, with interest payable amounting to RMB 172,854,157.40[18] - The company's inventory increased to RMB 42,209,791.38 from RMB 39,655,746.45, reflecting a growth of 3.9%[16] - The company experienced a fair value loss of -20,356,933.24 RMB in Q1 2022, compared to -3,464,134.46 RMB in Q1 2021[20]

贵州长征天成控股股份有限公司 2021 年第三季度报告 证券代码：600112 证券简称：*ST 天成 贵州长征天成控股股份有限公司 2021 年第三季度报告 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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 (二)非经常性损益项目和金额 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 上年同期增 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | ...

Financial Performance - The company's operating revenue for the first half of the year was ¥47,473,198.86, a decrease of 40.32% compared to the same period last year [23]. - The net profit attributable to shareholders was -¥13,310,962.61, showing an improvement of 75.18% year-over-year [23]. - The net cash flow from operating activities was -¥8,235,952.57, a decline of 42.82% compared to the previous year [23]. - The total assets decreased by 19.64% to ¥1,014,402,179.84 from the end of the previous year [23]. - The basic earnings per share improved to -¥0.0261, a 75.21% increase compared to -¥0.1053 in the same period last year [24]. - The company reported non-recurring gains of ¥18,368,154.86, primarily from asset disposals and debt restructuring [26][27]. - The company’s net assets attributable to shareholders decreased by 18.69% to -¥76,455,583.62 compared to the end of the previous year [23]. - The company's operating revenue decreased by 40.32% to ¥47,473,198.86 compared to ¥79,549,196.26 in the previous year [41]. - The company's operating costs also fell by 38.09% to ¥43,170,732.05 from ¥69,727,269.17 year-on-year [41]. - The net cash flow from operating activities worsened by 42.82%, resulting in a negative cash flow of ¥8,235,952.57 compared to a negative ¥5,766,859.85 in the previous year [41]. Legal and Regulatory Issues - The company is involved in 124 litigation and arbitration cases, with a total amount of 1.43 billion RMB, of which 90 cases remain unresolved, involving 1.22 billion RMB [10]. - The company has received administrative penalties and market entry bans from the China Securities Regulatory Commission due to information disclosure violations [10]. - The company has been under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [75]. - The company received a warning and a fine of 600,000 yuan from the China Securities Regulatory Commission for information disclosure violations [97]. - The company and its major stakeholders are under investigation for alleged violations of securities laws, with multiple penalties imposed [96]. - The company is actively managing its legal disputes to mitigate financial impacts [95]. Asset Management and Financial Health - The company reported a total asset freeze and seizure value of 664.89 million RMB, accounting for 52.67% of the latest audited total assets [11]. - The total amount of non-operating fund occupation by the controlling shareholder reached 514.26 million RMB, with a remaining balance of 311.95 million RMB [9]. - The company is actively negotiating debt settlements and exploring options to raise funds through the disposal of non-operating assets and legal loans [11]. - The company has been under significant operational impact due to asset freezes and overdue debts, which may incur penalties and late fees [11]. - The company is committed to strengthening its internal control and will continue to monitor and address any potential violations related to fund occupation and illegal guarantees [55]. - The company aims to enhance product research and development and market expansion to mitigate market competition risks [54]. Research and Development - Research and development expenses surged by 1,895.52% to ¥1,693,662.57, up from ¥84,873.37 in the previous year, indicating a strong focus on innovation [41]. - The company has completed 5 ongoing R&D projects, including a new generation of 12kV solid insulated ring network cabinets and a 27.5kV solid insulated switch for railway locomotives [37]. - The company has obtained a total of 16 authorized patents, including 4 invention patents, 8 utility model patents, and 4 design patents [37]. - The company is focusing on the development of medium-voltage electrical equipment, which has reached international advanced levels [29]. Market Position and Strategy - The company is actively expanding its marketing efforts and optimizing customer and pricing strategies to recover and expand its market presence [37]. - The company has established stable strategic partnerships with suppliers to ensure quality and stability in the supply chain [30]. - The electric equipment manufacturing industry is expected to see increased demand due to government investments in new energy and grid construction [32]. - The company is considering establishing joint ventures to leverage market resource advantages and increase market share [180]. - The company plans to resolve issues related to fund occupation and illegal guarantees by urging the controlling shareholder to act swiftly [181]. Corporate Governance - The company experienced changes in its board of directors, with Wang Qing resigning as an independent director and Li Yiding elected as a new independent director [61]. - The financial officer Huang Jufang resigned, and Ma Binlan was appointed as the new financial officer [61]. - The company has not disclosed any environmental violations or penalties during the reporting period, adhering to national environmental protection laws [64]. - There were no updates on employee stock ownership plans or other incentive measures during the reporting period [63]. Future Outlook - Future guidance suggests a cautious outlook, with expectations of gradual recovery in the upcoming quarters [143]. - The company is focusing on stabilizing its financial position and addressing the losses incurred in the first half of 2021 [161]. - The company plans to enhance collection efforts for prepaid accounts, receivables, and other receivables to alleviate financial pressure [180].

Financial Performance - The company's operating revenue for 2020 was CNY 139,312,904.18, a decrease of 47.70% compared to CNY 266,355,402.38 in 2019[21]. - The net profit attributable to shareholders was CNY 195,503,958.07, a significant recovery from a loss of CNY 846,007,878.14 in 2019, representing a 76.89% improvement[21]. - The net cash flow from operating activities was -CNY 18,487,952.94, an improvement of 83.73% compared to -CNY 113,661,944.24 in 2019[21]. - The total assets at the end of 2020 were CNY 1,262,384,768.80, down 24.53% from CNY 1,672,653,738.49 in 2019[21]. - The net asset attributable to shareholders was -CNY 63,144,621.01 at the end of 2020, a decrease of 117.1% from CNY 367,366,174.10 in 2019[21]. - The basic earnings per share for 2020 was -CNY 0.3839, an improvement of 76.89% from -CNY 1.6614 in 2019[22]. - The weighted average return on equity was -72.51% in 2020, compared to -110.11% in 2019[22]. - The company reported a substantial increase in production and sales volume, as well as net profit, compared to the same period in 2019, despite challenges posed by the COVID-19 pandemic[33]. - The company achieved operating revenue of CNY 139.31 million, a decrease of 47.70% compared to CNY 266.36 million in the same period last year[43]. - The net profit attributable to shareholders improved to CNY -19.55 million, a 76.89% increase from CNY -84.60 million year-on-year[43]. - The total comprehensive loss for 2020 was CNY -391.98 million, compared to CNY -885.39 million in 2019, showing a 55.8% reduction[177]. Legal and Compliance Issues - The company has been involved in 108 litigation and arbitration cases, with a total amount of 115,633.65 million RMB, of which 78 cases remain unresolved, involving 101,674.6 million RMB[9]. - The company is under investigation by the China Securities Regulatory Commission for violations related to information disclosure since July 8, 2020[6]. - The company has committed to enhancing internal control measures to prevent future violations and ensure compliance with legal regulations[7]. - The company is addressing issues related to shareholder fund occupation and illegal guarantees, actively seeking resolutions to protect shareholder interests[75]. - The company is involved in 108 litigation and arbitration cases since January 1, 2020, with a total amount of RMB 1,156.34 million, of which 78 cases remain unresolved, involving RMB 1,016.75 million[80]. - The company has 653 securities false statement liability disputes with a total amount of RMB 96.02 million, which has not significantly impacted its operations[80]. - The company has been under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, with no conclusive findings reported as of the audit date[158]. Shareholder and Capital Structure - The company will not distribute profits or increase capital reserves due to not meeting the profit distribution conditions as per its articles of association[4]. - The company has not proposed any cash dividend distribution plan for the past three years, with net profits of RMB -195.50 million in 2020 and RMB -846.01 million in 2019[84]. - The largest shareholder, Yinhe Tiancheng Group, held 93,403,800 shares, representing 18.34% of the total shares, with no shares under lock-up[112]. - The second-largest shareholder, Li Lujun, increased his holdings by 2,972,140 shares to a total of 10,053,988 shares, accounting for 1.97% of the total[112]. - The company’s controlling shareholder, Yinhe Tiancheng Group, held 88,603,800 shares as of the report date, which is 17.40% of the total shares[119]. - The total number of ordinary shareholders at the end of the reporting period was 30,684, an increase from 30,347 at the end of the previous month[111]. Operational Challenges and Strategies - The company has faced significant cash flow issues and increasing debt pressure due to the involvement of its controlling shareholder in fund occupation and litigation, leading to continued losses[39]. - The company plans to actively negotiate debt settlements and manage its financial obligations to maintain normal operations[9]. - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming fiscal year[21]. - The company plans to enhance product variety and technological innovation to improve market competitiveness in the medium-voltage equipment sector[68]. - The company aims to expand its market share in the medium-voltage product sector, driven by urbanization and power grid construction investments[68]. - The company plans to optimize and integrate resources within its subsidiaries, reduce product and management costs, and enhance product quality to maintain core competitiveness and drive revenue growth[71]. - The company is committed to continuous R&D investment to improve technological innovation capabilities and accelerate product upgrades[40]. Financial Health and Risks - The company reported a significant financial distress, with continuous losses for two consecutive years, resulting in insolvency and numerous debt defaults[90]. - The company has made full provisions for bad debts related to other receivables amounting to CNY 9.77 million, but the nature of these transactions remains uncertain[91]. - The company’s cash and cash equivalents were restricted due to guarantees and frozen funds amounting to ¥5,140,478.85[59]. - The company faces risks from macroeconomic conditions, raw material price fluctuations, and market competition, and will implement strategies to mitigate these risks[78]. - The company has fully recognized bad debt provisions for non-operational fund occupation by related parties amounting to CNY 310.70 million, raising concerns about the accuracy of these estimates[159]. Internal Control and Governance - The company has faced significant internal control deficiencies, including a debt default leading to the freezing of multiple bank accounts, with a total debit amount of CNY 40,257,238.72 and a credit amount of CNY 39,987,860.10 during the year[152]. - The internal control audit report issued a negative opinion on the effectiveness of the company's internal controls, highlighting major deficiencies that impacted the financial reporting[152]. - The board of directors has committed to implementing corrective measures to address identified internal control deficiencies and ensure compliance with regulations[153]. - The company has established a governance structure that guarantees equal rights for all shareholders and ensures fair and reasonable related party transactions[139]. - The company has committed to enhancing the quality of information disclosure, ensuring compliance and transparency for all stakeholders[141]. Market and Industry Outlook - The electrical equipment manufacturing industry in China is experiencing accelerated development due to increased policy support for major equipment research and development[32]. - The market demand for electrical equipment is expected to grow significantly with increased national investment in power sources and grids[32]. - The company’s main business includes electrical equipment manufacturing and mineral resource development, with a focus on medium-voltage electrical equipment[29]. - The company has established stable relationships with suppliers to ensure the quality and stability of components, reducing the impact of price fluctuations on production costs[31]. - The company is actively expanding its market presence by focusing on the sales of ring network cabinet products and developing new customer relationships while optimizing pricing strategies[40].

贵州长征天成控股股份有限公司 2021 年第一季度报告 公司代码：600112 公司简称：ST 天成 贵州长征天成控股股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 贵州长征天成控股股份有限公司 2021 年第一季度报告 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。 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | 减(%) | | 总资产 | 1,104,861,243.40 | 1,262,384,768.88 | -12.48 | | 归属于上市公司 | -73,488,987.67 | -63,144, ...

贵州长征天成控股股份有限公司 2020 年第三季度报告 公司代码：600112 公司简称：ST 天成 贵州长征天成控股股份有限公司 2020 年第三季度报告 1 / 27 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 贵州长征天成控股股份有限公司 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,534,482,000.81 1,672,653,738.49 -8.26 归属于上市公司 股东的净资产 231,945,573.39 367,366,174.10 -36.86 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 -1,833,374.77 14,454,537.50 -112.68 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （ ...