SLSVC(600123)

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兰花科创(600123) - 2021 Q2 - 季度财报
2021-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2021 reached ¥5,263,395,890.73, representing a 79.15% increase compared to ¥2,937,965,648.06 in the same period last year[12]. - Net profit attributable to shareholders of the listed company was ¥694,958,261.40, a significant increase of 374.43% from ¥146,482,613.22 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥738,078,078.82, up 411.26% from ¥144,363,993.76 year-on-year[12]. - The net cash flow from operating activities was ¥643,246,686.90, an increase of 435.69% compared to ¥120,077,495.86 in the same period last year[12]. - Basic earnings per share for the first half of the year reached 0.6083 RMB, a 374.49% increase compared to the same period last year[13]. - The total profit for the first half of 2021 was 914 million yuan, a significant increase of 355.75% compared to the previous year[31]. - The company achieved a total profit of 914 million RMB, representing a year-on-year increase of 355.75% due to increased sales volume and prices of coal, fertilizers, and chemicals[36]. Production and Sales - The company produced 5.4192 million tons of coal in the first half of 2021, representing a year-on-year growth of 28.58%[16]. - Urea production totaled 474,000 tons, with a year-on-year increase of 3.47%, while sales decreased by 2.83% to 462,700 tons[17]. - The coal sales volume reached 4.9771 million tons, showing a year-on-year increase of 27.43%[16]. - The production of caprolactam was 74,000 tons, with sales of 72,000 tons, marking a 69.34% increase in production and a 79.10% increase in sales year-on-year[32]. - The average selling price of urea peaked at 2,700 RMB/ton, marking a cumulative increase of approximately 1,000 RMB/ton in the first half of 2021[22]. - The average selling price of caprolactam was 11,489.83 yuan per ton, up 25.91% from 9,125.49 yuan per ton in the same period last year[32]. Assets and Liabilities - Total assets increased by 9.06% to ¥28,707,785,350.24 from ¥26,323,330,923.44 at the end of the previous year[12]. - The company's cash and cash equivalents at the end of the period amounted to 2.59 billion RMB, up 44.10% from the previous year[37]. - Current liabilities increased to CNY 12,044,180,120.87 from CNY 10,179,917,686.28, representing a growth of 18.3% year-over-year[96]. - Total liabilities amounted to CNY 12,549,547,572.57, an increase from CNY 10,863,889,899.08, which is a growth of 15.4%[98]. - The company's debt-to-asset ratio was reported at 59.40%, a slight increase of 0.91% from 58.49%[93]. Environmental Compliance - The company has highlighted potential risks related to safety, environmental protection, and market conditions in its management discussion and analysis section[3]. - The company has implemented measures to ensure that wastewater and waste gas pollutants are treated to meet standards before discharge[52]. - The company has not reported any exceedances in pollutant discharge for the first half of 2021, indicating effective compliance with environmental standards[55]. - The company has closed the Yanghua sub-company, which was previously listed as a major pollutant discharge unit[52]. - The company has invested in upgrading pollution control facilities, including desulfurization and denitrification systems for various boilers, ensuring stable compliance with emission standards[66]. Corporate Governance and Management - The company appointed a new Chief Chemical Engineer, Wang Xidong, as part of its management changes in 2021[50]. - The company has not disclosed any plans for profit distribution or capital reserve conversion during this reporting period[3]. - The company has not reported any major litigation or arbitration matters during the reporting period[76]. - The company has maintained effective environmental protection measures, ensuring compliance with administrative licensing requirements[74]. Investment and Financing - The company plans to invest 50 million RMB to increase the registered capital of Rizhao Lanhua Energy Co., Ltd. to expand market share[42]. - The company received approval for a short-term financing bond registration of up to CNY 2 billion, valid for two years from May 24, 2021[84]. - The company completed the acquisition of 30% equity in Hubei Lanhua for RMB 3 million and 6% equity from Xiantao Youth Investment Consulting for RMB 600,000[85]. - The company has provided a total guarantee of CNY 364.9 million to subsidiaries during the reporting period[82]. Risk Management - The company faced significant safety risks due to the hazardous nature of its coal and chemical industries, necessitating enhanced safety management systems[47]. - Environmental risks are increasing due to stricter regulations on pollution, which could adversely affect the company's operations if compliance is not maintained[48]. - The company anticipates market risks related to coal prices, which are highly correlated with macroeconomic conditions and may be affected by carbon reduction policies[48]. Research and Development - Research and development expenses amounted to ¥7,165,794.72, indicating continued investment in innovation[99]. - The company plans to continue expanding its market presence and investing in technology development to enhance its competitive edge in the coal and chemical industries[30].
兰花科创(600123) - 2021 Q1 - 季度财报
2021-04-26 16:00
Financial Performance - Operating revenue rose by 44.19% to CNY 2,173,146,325.52 year-on-year[5] - Net profit attributable to shareholders surged by 320.26% to CNY 226,827,228.08 compared to the same period last year[5] - Basic earnings per share increased by 320.76% to CNY 0.1986[5] - Profit before tax surged by 262.04% to ¥302,980,021.90, driven by higher product prices and sales volumes[12] - Net profit for Q1 2021 was ¥199,395,460.16, compared to ¥22,266,709.06 in Q1 2020, representing an increase of 794.5%[19] - The company’s total profit for Q1 2021 was ¥302,980,021.90, an increase from ¥83,687,537.57 in Q1 2020, representing a growth of 262.5%[18] Asset and Liability Management - Total assets increased by 4.42% to CNY 27,486,058,348.22 compared to the end of the previous year[5] - Total liabilities reached ¥16,291,926,778.49, up from ¥15,395,574,357.41, which is an increase of approximately 5.83%[15] - Accounts receivable rose by 54.85% to ¥184,345,063.01 from ¥119,045,924.81, primarily due to an increase in receivables[11] - Inventory increased by 39.2% to ¥688,457,562.75, with coal inventory rising by ¥117.17 million and fertilizer inventory by ¥62.44 million[11] - Current liabilities increased to ¥11,016,029,682.63 from ¥10,179,917,686.28, representing a growth of approximately 8.23% year-over-year[15] Cash Flow Analysis - Cash flow from operating activities increased by 82.47% to CNY 86,570,820.09 year-on-year[5] - The company reported cash inflows from operating activities of CNY 1,602,412,142.48, a 54.3% increase from CNY 1,037,672,942.43 in Q1 2020[22] - The net cash flow from operating activities for Q1 2021 was CNY 86,570,820.09, compared to CNY 47,444,710.12 in Q1 2020, reflecting an increase of 82.5%[22] - Cash inflows from financing activities in Q1 2021 totaled CNY 1,570,500,000.00, a decrease of 49.9% from CNY 3,138,000,000.00 in Q1 2020[22] - The company reported a net increase in cash and cash equivalents of CNY 366,668,140.32 in Q1 2021, compared to CNY 1,274,371,406.74 in Q1 2020, reflecting a decrease of 71.2%[22] Production and Sales - Coal production volume reached 2,486,100 tons, a 29.96% increase compared to the same period last year[8] - Urea product sales revenue grew by 16.20% to CNY 38,146,000 compared to the previous year[8] - The average selling price of coal increased by 20.83% to CNY 605.17 per ton[8] - The company reported a significant increase in internal sales volume of coal by 129.08% to 531,000 tons[8] Shareholder Information - The number of shareholders at the end of the reporting period was 55,248, with the largest shareholder holding 45.11%[9] - Shareholders' equity increased to ¥11,194,131,569.73 from ¥10,927,756,566.03, showing a growth of about 2.45%[15]
兰花科创(600123) - 2020 Q4 - 年度财报
2021-04-26 16:00
Financial Performance - The company achieved a net profit attributable to the parent company of CNY 374,703,489.61 in 2020, with a net profit of CNY 678,942,952.32 for the parent company[3]. - The total distributable profit for the year is CNY 611,048,657.09 after deducting the legal surplus reserve[3]. - In 2020, the company's operating revenue was approximately CNY 6.63 billion, a decrease of 16.62% compared to 2019[13]. - The net profit attributable to shareholders was approximately CNY 374.70 million, down 43.47% from the previous year[13]. - The net profit after deducting non-recurring gains and losses was approximately CNY 330.37 million, a decline of 50.77% year-on-year[13]. - The company's cash flow from operating activities was approximately CNY 684.39 million, down 17.76% from 2019[13]. - The total sales revenue for the year was 6.626 billion yuan, a decrease of 16.62% compared to the previous year, while net profit attributable to the parent company was 375 million yuan, down 43.47%[37]. - The company reported a total profit of 502 million yuan, a decrease of 351 million yuan or 41.20% compared to the previous year[59]. Dividends and Shareholder Returns - The proposed cash dividend is CNY 1 per 10 shares, totaling CNY 114,240,000, which accounts for 30.49% of the net profit attributable to the parent company for 2020[3]. - The company has established a cash dividend policy, committing to distribute at least 30% of net profit to shareholders annually, with a recent cash dividend of 0.2 yuan per share totaling 228.48 million yuan[86]. - In 2020, the company distributed cash dividends totaling 114,240,000 RMB, which accounted for 30.49% of the net profit attributable to ordinary shareholders[87]. - The cash dividend per 10 shares was 1.00 RMB in 2020, down from 2.00 RMB in 2019 and 3.00 RMB in 2018[87]. Operational Highlights - The company produced 9.06 million tons of coal in 2020, representing a year-on-year increase of 5.07%[18]. - The company sold 8.93 million tons of coal in 2020, which is a 6.2% increase compared to the previous year[18]. - The company’s urea production was 848,300 tons in 2020, a decrease of 1.1% year-on-year[19]. - The company’s sales of dimethyl ether fell to 77,600 tons in 2020, a decline of 69.79% compared to the previous year[19]. - The company completed the construction of a new coal mine with an annual production capacity of 2.4 million tons and a washing plant by the end of November 2020[38]. - The company reported a total urea production of 5.6228 million tons in 2020, with a year-on-year increase of 2.6%[26]. Risk Management - The company has detailed potential risks in its operational discussion, including safety production, environmental protection, market changes, and significant capital expenditures[4]. - The company has established a robust internal control system to enhance risk management and improve operational efficiency, maintaining advanced cost control in the coal industry[35]. - The company faces safety risks due to the hazardous nature of its coal and chemical industries, and it is enhancing its safety management systems to mitigate these risks[83]. - Environmental risks are a concern, with increasing regulatory pressures on pollution control; the company is investing in environmental protection projects to ensure compliance[84]. - Market risks are present due to the cyclical nature of coal demand and potential economic downturns affecting product prices, which could impact future profitability[84]. Environmental Initiatives - The company has implemented a comprehensive environmental management plan, investing 1.79 billion yuan in over 110 environmental projects[41]. - The company has achieved stable compliance with wastewater and air pollutant discharge standards through continuous investment in environmental protection facilities[124]. - The company has implemented upgrades to wastewater treatment facilities, ensuring that all discharged water meets the Class III surface water quality standards[124]. - The company has made significant investments in pollution control technologies, including the installation of desulfurization, denitrification, and dust removal systems[125]. - The company has transitioned to cleaner energy sources, with several coal mines adopting air-source heat pumps and gas boilers[131]. Corporate Governance - The audit report issued by Xinyong Zhonghe CPA is a standard unqualified opinion[2]. - The company has maintained its auditor, Xin Yong Zhong He Accounting Firm, for the 2020 audit, with a fee of 850,000 RMB[94]. - The company completed the re-election of the seventh board of directors and supervisory board in September 2020, forming a new executive team[160]. - The company has established a performance evaluation mechanism for senior management, linking their assessments to target completion and compensation management[167]. - The company has revised its articles of association and shareholder return plan for 2020-2022, enhancing governance structures and internal control systems[160]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming fiscal year[197]. - The company aims to enhance its technological innovation ecosystem by promoting advanced coal production capacity and new technologies, aiming to improve profitability in the fertilizer and chemical sectors[78]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[144]. - The company is focused on improving operational efficiency and reducing losses in its subsidiaries, particularly in the coal mining sector[70][71]. - The company plans to complete all integrated coal mine projects by the end of the "14th Five-Year Plan" period, focusing on intelligent coal production and green mining methods[74].
兰花科创(600123) - 2020 Q3 - 季度财报
2020-10-29 16:00
Financial Performance - Net profit attributable to shareholders decreased by 66.90% to CNY 244.87 million year-on-year[6] - Operating revenue declined by 22.53% to CNY 4.77 billion compared to the same period last year[6] - Cash flow from operating activities decreased by 60.69% to CNY 329.14 million year-to-date[6] - The company reported a significant decline in the sales revenue of dimethyl ether, down 79.00% to CNY 130.13 million[9] - The weighted average return on equity decreased by 4.76 percentage points to 2.31%[6] - Basic earnings per share fell by 66.89% to CNY 0.2144[6] - The company reported a 68.88% decrease in investment income to 124,148,184.39, attributed to the bankruptcy of a subsidiary and decreased profits from associated companies[14] - The company reported a significant increase in financial expenses, totaling approximately ¥13.7 million in Q3 2020, compared to ¥3.4 million in Q3 2019[24] - The investment income for Q3 2020 was approximately ¥39.7 million, down 31.5% from ¥58.1 million in Q3 2019[24] Assets and Liabilities - Total assets increased by 4.52% to CNY 26.71 billion compared to the end of the previous year[6] - The company's total liabilities increased to CNY 15.85 billion from CNY 14.70 billion, marking an increase of about 7.8%[18] - The company's equity attributable to shareholders rose to CNY 10.62 billion, compared to CNY 10.50 billion in the previous year, showing a growth of around 1.1%[18] - Accounts receivable increased by 58.53% to 130,112,249.83, primarily due to an increase in receivables[13] - Contract liabilities rose by 98.18% to 808,716,092.78, mainly due to an increase in prepayments for coal and fertilizer[13] - The total amount of accounts payable was approximately ¥1.11 billion, which is a critical component of the company's working capital[35] - The total liabilities to equity ratio stands at approximately 1.35, indicating a leveraged capital structure[32] Cash Flow - Cash inflow from operating activities for the first three quarters of 2020 was CNY 3,492,447,959.47, down from CNY 4,839,455,397.60 in the same period of 2019, representing a decrease of approximately 27.8%[26] - Net cash flow from operating activities for Q3 2020 was negative CNY 283,171,830.38, compared to a positive CNY 718,872,486.56 in Q3 2019, indicating a significant decline[29] - Cash inflow from financing activities for Q3 2020 was CNY 5,713,000,000.00, an increase from CNY 5,521,510,000.00 in Q3 2019, reflecting a growth of approximately 3.5%[29] - Total cash outflow from operating activities in Q3 2020 was CNY 3,001,596,974.32, compared to CNY 3,445,684,187.70 in Q3 2019, reflecting a decrease of approximately 12.9%[29] - The total cash and cash equivalents at the end of Q3 2020 amounted to CNY 1,461,936,835.66, up from CNY 718,176,391.57 at the end of Q3 2019, representing an increase of approximately 103.5%[29] Production and Sales - Coal production increased by 0.78% to 6.69 million tons, while sales volume rose by 1.40% to 6.20 million tons[9] - The average selling price of coal decreased by 19.91% to CNY 456.1 per ton[9] - Urea sales volume increased by 4.00% to 0.71 million tons, but the average selling price dropped by 11.78% to CNY 1,512.26 per ton[9] - The company has been under production suspension since October 1, 2019, due to environmental regulations, impacting operational performance[16] Shareholder Information - The total number of shareholders at the end of the reporting period is 59,134[12] - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 515,340,000 shares, accounting for 45.11% of the total shares[12] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[22] - The company has not indicated any significant changes in net profit expectations compared to the previous year, suggesting stability in financial performance[16]
兰花科创(600123) - 2020 Q2 - 季度财报
2020-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,937,965,648.06, a decrease of 28.74% compared to CNY 4,122,675,292.22 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was CNY 146,482,613.22, down 73.12% from CNY 544,904,137.68 in the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 144,363,993.76, a decrease of 73.85% compared to CNY 552,067,153.65 in the same period last year[12]. - The net cash flow from operating activities was CNY 120,077,495.86, down 78.58% from CNY 560,466,399.90 in the previous year[12]. - Basic earnings per share decreased by 73.12% to CNY 0.1282 compared to the same period last year[13]. - The weighted average return on equity dropped by 3.88 percentage points to 1.39% year-on-year[13]. - The total profit for the period was 200 million yuan, down 68.46% year-on-year, with a net profit attributable to shareholders of 146 million yuan, a decline of 73.12%[28]. - The company reported a total profit of ¥95.86 million from coal products, down 31.68% from ¥140.31 million in the previous year[31]. Production and Sales - Coal production in the first half of 2020 was 4.2147 million tons, a decrease of 9.03% year-on-year, while coal sales were 3.9056 million tons, down 6.05%[16]. - Urea production increased by 2.87% to 458,100 tons, with sales rising by 10.82% to 476,200 tons in the same period[16]. - The average selling price of dimethyl ether decreased by 20.07% to CNY 2,321.18 per ton[23]. - The average selling price of coal products dropped by 19.32% to ¥464.53 per ton, leading to a total sales revenue of ¥1.81 billion, down 24.20% year-on-year[31]. - Urea product sales volume increased by 10.82% to 476,200 tons, but the average selling price decreased by 12.46% to ¥1,539.14 per ton, resulting in a slight revenue decline of 2.97%[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 26,078,190,810.13, an increase of 2.03% compared to CNY 25,559,929,633.02 at the end of the previous year[12]. - The net assets attributable to shareholders at the end of the reporting period were CNY 10,514,725,528.80, an increase of 0.16% compared to CNY 10,497,907,861.46 at the end of the previous year[12]. - The total liabilities increased by 205.28% to ¥3.05 billion due to the issuance of a ¥2 billion corporate bond[34]. - The company's total liabilities increased to approximately 15.26 billion yuan, up from 14.70 billion yuan, indicating a growth of 3.8%[92]. Cash Flow - The net cash flow from investment activities was -¥140.83 million, improving from -¥549.87 million year-on-year, a 74.39% reduction in outflow[32]. - The net cash flow from operating activities was -293,117,571.71 RMB, a significant decrease compared to 532,176,915.61 RMB in the same period of 2019[100]. - Cash inflow from financing activities increased to 4,014,000,000.00 RMB, up 3.2% from 3,891,510,000.00 RMB in the same period last year[100]. Risk Management - The company has detailed potential risks related to safety, market, and environmental factors in the report[2]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a substantive commitment to investors[2]. - The company emphasized risk control and management efficiency, maintaining advanced cost control levels in the coal industry[27]. Environmental Compliance - The company has committed to increasing environmental investments and adhering to green development principles to ensure sustainable growth[43]. - The total wastewater discharge from major pollution units in the first half of 2020 is 0.065 tons, compliant with the standard of COD ≤ 20 mg/L and NH3-N ≤ 1 mg/L[56]. - The company has implemented measures to ensure that all wastewater and gas pollutants meet environmental standards after treatment[55]. - All major pollution units have obtained pollution discharge permits in accordance with environmental regulations[55]. Corporate Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[2]. - The company has retained the auditing firm for the 2020 fiscal year, following approval at the annual shareholders' meeting[45]. - The company has not experienced any changes in its total share capital or structure during the reporting period[74]. Investment Activities - The company completed the issuance of 2 billion yuan in corporate bonds with a term of 5 years and a coupon rate of 4.5%, optimizing its financial structure[30]. - The company invested 8 million yuan to acquire a 40% stake in Lantian New Energy, which became a wholly-owned subsidiary after the acquisition[37]. - The company completed the acquisition of a 30% stake in Hubei Lanhua for 3 million yuan, making it a wholly-owned subsidiary[38]. Social Responsibility - The company invested a total of 1.67 million RMB in poverty alleviation efforts, helping 1,871 registered impoverished individuals to achieve poverty alleviation[51]. - The company has actively participated in pandemic prevention efforts by supplying materials to supported villages[52]. - The company has received recognition as an outstanding collective in poverty alleviation efforts at the county level[53].
兰花科创(600123) - 2020 Q1 - 季度财报
2020-04-27 16:00
Financial Performance - Operating revenue decreased by 20.20% to CNY 1,507,188,328.84 year-on-year[5] - Net profit attributable to shareholders decreased by 74.29% to CNY 53,972,541.14 compared to the same period last year[5] - Basic earnings per share decreased by 74.32% to CNY 0.0472 compared to the same period last year[5] - Total profit decreased by 68.66% to ¥83,687,537.57 from ¥267,058,339.56, mainly due to a decline in product prices[13] - Investment income dropped by 61.27% to ¥22,795,526.74 from ¥58,854,891.35, attributed to decreased profits from associated companies[13] - Net profit for Q1 2020 was CNY 22,266,709.06, a significant decline of 87.5% from CNY 178,098,451.07 in Q1 2019[19] - Operating profit for Q1 2020 was CNY 87,277,649.87, down 67.8% from CNY 271,568,776.02 in Q1 2019[19] - The total profit for Q1 2020 was CNY 83,687,537.57, a decrease of 68.7% from CNY 267,058,339.56 in Q1 2019[19] Cash Flow - Cash flow from operating activities decreased by 77.02% to CNY 47,444,710.12 compared to the previous year[5] - The company reported a significant increase in cash flow from financing activities due to bond issuance[12] - In Q1 2020, the net cash flow from operating activities was ¥47,444,710.12, a decrease of 77% compared to ¥206,417,019.75 in Q1 2019[22] - Cash inflow from financing activities increased to ¥3,138,000,000.00, up 27.8% from ¥2,465,230,000.00 in the same quarter last year[23] - The net cash flow from financing activities was ¥1,207,335,870.36, compared to ¥294,639,180.65 in Q1 2019, indicating a significant improvement[22] Production and Sales - Coal production decreased by 14.43% to 1,913,000 tons compared to the same period last year[8] - Sales volume of coal decreased by 8.69% to 1,809,400 tons year-on-year[8] - Urea production increased by 17.14% to 207,800 tons compared to the same period last year[8] - Sales revenue from urea increased by 3.37% to CNY 328,270,000 compared to the previous year[8] Assets and Liabilities - Total assets increased by 5.41% to CNY 26,943,051,933.99 compared to the end of the previous year[5] - Total liabilities increased to approximately $15.97 billion from $14.70 billion, reflecting a rise of about 8.6%[16] - Current liabilities totaled approximately $10.26 billion, down from $10.90 billion, indicating a decrease of about 5.8%[16] - The company's total equity reached approximately $10.97 billion, compared to $10.86 billion, showing an increase of about 1.0%[16] - The total non-current liabilities surged to approximately $5.71 billion from $3.80 billion, reflecting an increase of about 50.3%[16] Shareholder Information - The first major shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares, totaling 515,340,000 shares[10] Strategic Outlook - The company aims to enhance its market position through strategic investments and cost management initiatives moving forward[19] Other Financial Metrics - The weighted average return on equity decreased by 1.53 percentage points to 0.51%[5] - Financial expenses increased to CNY 85,959,339.10 in Q1 2020, up from CNY 74,763,910.85 in Q1 2019[19] - The company reported an asset impairment loss of CNY -13,914,347.34 in Q1 2020, compared to CNY -3,595,181.12 in Q1 2019[19]
兰花科创(600123) - 2019 Q4 - 年度财报
2020-04-27 16:00
Financial Performance - The company achieved a net profit attributable to the parent company of CNY 662,849,027.57 in 2019[4]. - The net profit attributable to shareholders was CNY 662,849,027.57, down 38.66% from the previous year[14]. - The company's EBITDA for 2019 was approximately ¥2.27 billion, a decrease of 16.41% compared to 2018[168]. - The total profit for the period was approximately ¥853 million, a decline of 34.66% from ¥1.30 billion in the previous year, mainly due to significant price drops in key products[56]. - The total comprehensive income for 2019 was approximately ¥529.34 million, down 42.6% from ¥922.03 million in 2018[191]. - The company reported a total of CNY 1,080,691,887.68 in other comprehensive income for the year, contributing to overall equity[197]. Revenue and Sales - In 2019, the company's operating revenue was CNY 7,946,898,714.31, a decrease of 6.83% compared to 2018[14]. - The company achieved a total sales revenue of 7.947 billion yuan, a decrease of 6.83% year-on-year[32]. - The coal business generated revenue of 5,166,863,939.21 RMB, down 5.02% compared to the previous year, with an increase in sales volume by 827,900 tons[43]. - The methanol chemical sector's revenue was 3,890,339,068.35 RMB, a decline of 12.58%, primarily due to a decrease in the price of dimethyl ether by 768.45 RMB/ton[43]. Dividends and Shareholder Returns - A cash dividend of CNY 2 per 10 shares (including tax) is proposed, totaling CNY 228,480,000, which accounts for 34.47% of the net profit[4]. - The cash dividend for 2018 was 3.00 CNY per 10 shares, amounting to 342,720,000 CNY, which accounted for 31.71% of the net profit attributable to ordinary shareholders[84]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[85]. Production and Operations - The company produced 8,618,900 tons of coal in 2019, representing a year-on-year increase of 14.09%[19]. - The company’s fertilizer production reached 857,700 tons in 2019, an increase of 8.97% year-on-year[19]. - The company produced a total of 8.6189 million tons of coal and sold 8.4085 million tons in 2019[32]. - The company produced 256,300 tons of dimethyl ether and sold 252,200 tons, resulting in a sales revenue of 71.454 million yuan[28]. Financial Position - The total assets at the end of 2019 were CNY 25,559,929,633.02, an increase of 9.66% compared to the end of 2018[14]. - The company's total liabilities reached ¥14,695,770,589.97 in 2019, up from ¥12,683,654,676.39 in 2018, reflecting a growth of approximately 15.87%[187]. - Total equity attributable to shareholders rose to ¥10,497,907,861.46 in 2019, compared to ¥10,204,865,620.54 in 2018, an increase of about 2.87%[187]. - Cash and cash equivalents increased significantly to ¥2,258,490,647.25 in 2019 from ¥1,328,873,384.45 in 2018, representing a growth of approximately 70%[186]. Risks and Challenges - The company faces potential risks related to safety production, environmental protection, market changes, and significant capital expenditures[5]. - The company is facing increased market pressure due to economic downturns, energy structure adjustments, and insufficient downstream demand, particularly in the coal and coal chemical industries[70]. - Market risks are present due to the cyclical nature of coal and chemical product prices, which may be affected by economic uncertainties and demand fluctuations[82]. Governance and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[3]. - The company held one shareholders' meeting, six board meetings, and three supervisory meetings throughout the year, enhancing governance and compliance[33]. - The company has maintained a consistent relationship with its auditor, with a four-year engagement period confirmed[92]. Environmental Management - The company operates seven major pollution discharge units, all of which have obtained discharge permits and meet environmental standards[109]. - The company has implemented zero wastewater discharge, with all mine water reused for underground production and domestic water recycled[115]. - The company has successfully maintained all emissions within the regulatory limits, demonstrating effective environmental management practices[114][115]. Research and Development - The company applied for 18 patents during the year, reflecting ongoing innovation in coal-based new materials and technologies[35]. - The total R&D investment was approximately ¥13.84 million, which is 0.17% of total revenue, with 862 R&D personnel making up 4.62% of the total workforce[53]. Future Outlook - The company plans to produce and sell 8.92 million tons of coal, 870,000 tons of urea, 170,000 tons of dimethyl ether, and 135,000 tons of caprolactam in 2020, aiming for a sales revenue of 7.6 billion yuan and a profit of 560 million yuan[74]. - The company anticipates a gradual recovery in domestic economic development starting from the second quarter of 2020, supported by favorable government policies[70]. - The company is actively pursuing market expansion through strategic partnerships and joint ventures in the coal chemical sector[65].
兰花科创(600123) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Net profit attributable to shareholders decreased by 25.15% to CNY 739,861,221.95 year-to-date[5] - Operating revenue for the first nine months decreased by 2.44% to CNY 6,161,259,553.52 compared to the same period last year[5] - Basic earnings per share decreased by 25.15% to CNY 0.6476 compared to the same period last year[5] - The weighted average return on equity decreased by 2.93 percentage points to 7.07%[5] - Total operating revenue for Q3 2019 was CNY 2,038,584,261.30, a decrease of 8.9% compared to CNY 2,237,507,646.30 in Q3 2018[21] - Net profit for Q3 2019 was CNY 167,697,580.14, down 48.6% from CNY 326,133,215.12 in Q3 2018[22] - Operating profit for Q3 2019 was CNY 270,667,170.90, a decline of 40.5% from CNY 455,432,638.14 in Q3 2018[21] - The company's gross profit margin for Q3 2019 was approximately 33.8%, down from 38.4% in Q3 2018[21] - Earnings per share (EPS) for Q3 2019 was CNY 0.1707, compared to CNY 0.3148 in Q3 2018, reflecting a decrease of 45.7%[22] - The total profit for the first three quarters of 2019 was CNY 900,516,061.18, down 27.6% from CNY 1,243,454,204.54 in the same period of 2018[21] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 25.38% to CNY 837,355,521.68 year-to-date[5] - Cash and cash equivalents increased by 35.19% to ¥1,796,457,619.52 from ¥1,328,873,384.45 due to increased bank loans and receivables collection[10] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 718,872,486.56, compared to CNY 692,378,355.64 in 2018, reflecting a growth of 3.8%[28] - Operating cash inflow for the first three quarters of 2019 was CNY 4,164,556,674.26, an increase of 7.4% compared to CNY 3,876,327,095.49 in the same period of 2018[28] - Total cash and cash equivalents at the end of Q3 2019 amounted to CNY 1,181,250,368.44, compared to CNY 1,291,485,928.34 at the end of Q3 2018, a decrease of 8.6%[27] Assets and Liabilities - Total assets increased by 7.61% to CNY 25,079,889,537.58 compared to the end of the previous year[5] - The company’s total current assets increased to ¥4,954,481,984.66 from ¥3,822,056,075.95, reflecting overall growth in liquidity[16] - The company’s total liabilities increased significantly, with accounts payable rising by 122.83% to ¥360,351,313.19 from ¥161,717,213.55, indicating higher obligations to suppliers[10] - Current liabilities increased to approximately $10.70 billion from $9.79 billion, marking a rise of about 9.3%[17] - Total liabilities amounted to approximately $13.91 billion, compared to $12.68 billion, indicating a growth of about 9.7%[18] - Total current liabilities reached CNY 9,787,691,990.38, remaining stable compared to previous periods[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 62,928[8] - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares[8] - The total equity attributable to shareholders reached approximately $10.75 billion, up from $10.20 billion, indicating an increase of about 5.4% year-over-year[18] Investment Activities - Long-term equity investments grew by 33.35% to ¥864,391,799.63 from ¥648,232,767.08, attributed to the recognition of investment income from China Resources Danning[10] - Investment income increased by 61.48% to ¥398,974,300.87 from ¥247,075,733.46, primarily due to the reversal of previous excessive losses from a subsidiary[11] - The company plans to issue corporate bonds totaling up to ¥3 billion as approved by the China Securities Regulatory Commission[12] - The company’s subsidiary, Chongqing Lanhua Solar Energy, has entered bankruptcy liquidation, which will impact its consolidation in financial reports[13] Other Financial Metrics - The company reported non-operating income and expenses totaling CNY -7,067,935.41 for the third quarter[7] - Other income surged by 122.07% to ¥12,982,194.16 from ¥5,845,882.37, mainly due to an increase in deferred income amortization[11] - The company reported a decrease in management expenses to CNY 275,594,892.74 in Q3 2019, down 13.3% from CNY 317,691,026.39 in Q3 2018[21] - The company experienced a tax expense of CNY 97,043,331.20 in Q3 2019, down from CNY 126,207,973.98 in Q3 2018, indicating a reduction of 22.9%[21]
兰花科创(600123) - 2019 Q2 - 季度财报
2019-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,122,675,292.22, representing a year-on-year increase of 1.11% compared to CNY 4,077,582,207.07 in the same period last year [12] - The net profit attributable to shareholders of the listed company was CNY 544,904,137.68, a decrease of 13.35% from CNY 628,845,218.40 in the previous year [12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 552,067,153.65, down 3.44% from CNY 571,726,871.76 in the same period last year [12] - The net cash flow from operating activities was CNY 560,466,399.90, a decline of 15.62% compared to CNY 664,188,809.67 in the previous year [12] - Basic earnings per share for the first half of the year decreased by 13.35% to CNY 0.4770 compared to the same period last year [13] - The company achieved a total sales revenue of 4.122 billion yuan, a year-on-year increase of 1.11% [31] - The gross profit for the first half of 2019 was CNY 1,403.07 million, reflecting a growth of 3.39% year-on-year [37] - The company's operating income for the period was CNY 4,122.68 million, a slight increase of 1.11% year-on-year [38] Production and Sales - The company produced 4.633 million tons of coal in the first half of 2019, representing a year-on-year increase of 23.32% [16] - The sales volume of coal reached 4.157 million tons, up 21.8% year-on-year [16] - Urea production was 445,300 tons, with sales of 429,700 tons, showing a slight increase of 0.29% and 0.07% respectively compared to the previous year [16] - The average selling price of coal from major mines ranged from CNY 186.33 to CNY 732.25 per ton, with varying profit margins across different mines [21] Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were CNY 10,506,914,691.84, an increase of 2.96% from CNY 10,204,865,620.54 at the end of the previous year [12] - The total assets at the end of the reporting period were CNY 25,116,058,246.94, reflecting a year-on-year increase of 7.76% from CNY 23,307,340,276.26 [12] - The company's total liabilities increased to RMB 10,161,460,561.83 in the first half of 2019, compared to RMB 8,504,972,072.07 in the previous year, marking a rise of about 19.5% [89] - Total current liabilities increased to ¥10,768,149,870.25 from ¥9,787,691,990.38, representing a growth of approximately 10% year-over-year [87] Investments and Financial Activities - The company reported an investment income of CNY 340.83 million, a significant increase of 103.69% compared to the previous year [38] - The company established a new joint venture, Shanxi Lanhua Laser Technology Co., Ltd., with a registered capital of 10 million yuan, where the company holds a 20% stake and invested 2 million yuan [43] - The company invested 1.2 million yuan for a 60% stake in a new company focused on upgrading coal gasification in the Ba Gong Industrial Park [43] - The company plans to publicly issue bonds with a total scale not exceeding RMB 3 billion, backed by mining rights assets valued at RMB 3.502 billion and RMB 1.468 billion for two coal mines [77] Environmental and Social Responsibility - The company has made significant investments in environmental protection to ensure compliance with national standards [48] - The company is committed to green development and has increased its environmental investment [48] - The company has established a long-term mechanism for poverty alleviation, ensuring that rural residents have access to education, healthcare, and housing [62] - The company invested CNY 278,600 in poverty alleviation funds and CNY 237,400 in material assistance, helping 66 registered impoverished individuals achieve poverty alleviation by June 30, 2019 [55] Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties [2] - The company has not violated any decision-making procedures for providing guarantees [2] - There are no significant risk warnings reported for the period [2] - The company has no major litigation or arbitration matters during the reporting period [51] Changes in Management and Structure - The company appointed a new chairman and general manager, Li Xiaoming, following the resignation of the previous chairman due to age reasons [84] - The company underwent a change in its controlling shareholder, with a transfer of 33.79% and 22.95% stakes to the Jin City State-owned Capital Investment Operation Company [82] - The company has not disclosed any significant changes in the controlling shareholder or actual controller [81] Financial Reporting and Standards - The company adopted new financial instrument standards effective January 1, 2019, adjusting financial reporting accordingly [73] - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial position accurately [110] - The company includes all controlled subsidiaries and structured entities in the consolidated financial statements [115]
兰花科创关于参加山西辖区上市公司2019年度投资者网上集体接待日活动的公告
2019-05-17 10:16
股票代码:600123 股票简称:兰花科创 公告编号:临 2019-022 山西兰花科技创业股份有限公司 关于参加山西辖区上市公司 2019 年度投资者网上 集体接待日活动的公告 特别提示 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: ●活动时间:2019 年 5 月 23 日(星期四)下午 14:30—16:30 ●活动方式:网上在线交流 山西兰花科技创业股份公司已于2019年4月23日披露了2018年年 报,根据山西省上市公司协会《关于举办山西辖区上市公司2019年度 投资者网上集体接待日暨专题培训的通知》,为加强与广大投资者的 沟通交流,使投资者更加全面了解公司经营业绩和生产经营情况,公 司定于2019年5月23日下午参加 "山西辖区上市公司2019年度投资者 网上集体接待日" 活动。现将有关事项公告如下: 一、活动时间 2019年5月23日(星期四)下午14:30—16:30 二、参与方式 本次集体接待日活动将采取网络远程的方式举行,投资者可以登 陆以下方式参与本次活动: 1、"上 证 路 演 ...