吉林泉阳泉股份有限公司 证券代码：600189 证券简称：泉阳泉 公告编号：2023—025 本次投资者说明会以图文展示和网络文字互动形式召开，公司将针对 2022 年度暨 2023 年第一季度的经营成果及财务指标的具体情况与投资者进行互动交 流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 关于召开 2022 年度暨 2023 年第一季度 业绩说明会的公告 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法律责任。 重要内容提示： ●会议召开时间：2023 年 5 月 12 日(星期五)上午 11:00-12:00 ●会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） ●会议召开方式：图文展示和网络文字互动 ●投资者可于 2023 年 5 月 5 日(星期五) 至 5 月 11 日(星期四)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目进行提问。公司将在说明会 上对投资者普遍关注的问题进行回答。 吉林泉阳泉股份有限公司（以下简称"公司"）已于 20 ...

2022 年第三季度报告 证券代码：600189 证券简称：泉阳泉 吉林泉阳泉股份有限公司 2022 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法律责任。 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。 ● 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 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|--------------------------------------|----------------|-------------------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥621,264,972.82, a decrease of 16.81% compared to ¥746,812,565.78 in the same period last year[19] - Net profit attributable to shareholders of the listed company increased by 8.53% to ¥68,182,962.09 from ¥62,824,267.79 year-on-year[19] - The net cash flow from operating activities rose significantly by 76.04% to ¥220,707,492.24 compared to ¥125,373,098.67 in the previous year[19] - The total assets at the end of the reporting period were ¥5,035,000,490.64, a slight decrease of 0.31% from ¥5,050,595,734.03 at the end of the previous year[19] - The net assets attributable to shareholders of the listed company increased by 4.28% to ¥1,660,851,775.95 from ¥1,592,668,813.86 year-on-year[19] - Basic earnings per share for the first half of 2022 were ¥0.10, an increase of 11.11% compared to ¥0.09 in the same period last year[20] - The weighted average return on net assets was 4.19%, an increase of 0.05 percentage points from 4.14% in the previous year[20] - The company reported a non-recurring gain of RMB 27,519,147.55, after accounting for tax and minority interests[26] - The company achieved a revenue of 621.265 million yuan in the first half of the year, a decrease of 16.81% year-on-year, while net profit attributable to the parent company was 68.183 million yuan, an increase of 8.53% year-on-year[38] Operational Highlights - The company maintains a dual industry development strategy, focusing on natural mineral water as the main business and ecological landscaping as a supplementary business[29] - The "Quanyuan Spring" mineral water has received multiple honors, including "China Famous Brand" and "National Inspection-Free Product," indicating strong brand recognition[29] - The landscaping segment has completed over 1,000 large municipal landscape projects nationwide, receiving several awards for excellence in management and project quality[32] - The "Holz" door segment is the first in China to adopt advanced German technology, achieving recognition as one of the top 30 brands in the wood door industry for 18 consecutive years[34] - The natural mineral water segment saw a sales volume increase of 12%, with revenue nearly flat at a decrease of 2%, and net profit growth of 9% during the same period[38] - The company has signed five new projects in the landscaping sector and has 18 ongoing projects, with 12 of them being continued and six newly started[41] - The company has focused on cost reduction and efficiency improvement by managing logistics and raw material procurement to alleviate the pressure from rising commodity prices[41] - The company has been recognized as a leading brand in the drinking water market in Jilin Province, holding the largest market share in the Northeast mineral water market[37] Risk Management - There were no significant risk events reported during the period[6] - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[7] - The company faces risks from the ongoing COVID-19 pandemic, which could impact logistics, project construction, and overall operational performance[60] - The company is exposed to macroeconomic risks, particularly in its mineral water and landscaping sectors, which are closely tied to national economic growth and infrastructure investment[60] - Rising prices of raw materials pose a risk to the company's operations, particularly in its mineral water and wood door products[60] Shareholder and Capital Management - The company did not distribute profits or increase capital reserves during the reporting period[5] - The company held its annual shareholder meeting on May 20, 2022, where all proposed resolutions were approved, including the 2021 financial statements and profit distribution plan[65] - No profit distribution or capital reserve transfer was proposed for the year[66] - The company has committed to maintaining fair and equitable practices in related party transactions and will not seek preferential treatment as a shareholder[79] - The total amount of guarantees provided by the company, excluding guarantees for subsidiaries, is 1.82 billion RMB, which accounts for 10.96% of the company's net assets[93] - The company provided a joint liability guarantee of 1.47 billion RMB for the working capital loan applied by its subsidiary, Qianyuan Spring Beverage, from the Agricultural Development Bank of China[93] Subsidiaries and Investments - The company holds a 75.45% stake in Jilin Sen Gong Group Quan Yang Quan Beverage Co., which reported total assets of CNY 1,455.72 million and a net profit of CNY 65.60 million for the first half of 2022, contributing CNY 52.51 million to the company's net profit[56] - The wholly-owned subsidiary Suzhou Industrial Park Landscape Greening Engineering Co. reported total assets of CNY 2,095.60 million and a net profit of CNY 18.62 million for the first half of 2022, fully contributing to the company's net profit[56] - The company has a 41.37% stake in Jilin Sen Gong Group Investment Co., which had total assets of CNY 5,489.72 million and a net profit of CNY 6.10 million for the first half of 2022, contributing CNY 2.52 million to the company's net profit[58] - Jilin Sen Gong Environment Technology Co., in which the company holds a 49% stake, reported total assets of CNY 7.08 million and a net profit of CNY 1.55 million for the first half of 2022, contributing CNY 0.76 million to the company's net profit[58] - The company’s wholly-owned subsidiary Beijing Holz Home Technology Co. reported total assets of CNY 257.51 million and a net profit of CNY 5.37 million for the first half of 2022, fully contributing to the company's net profit[56] - The company’s wholly-owned subsidiary Shanghai Susen International Trade Co. reported total assets of CNY 7.60 million and a net profit of -CNY 0.23 million for the first half of 2022, negatively impacting the company's net profit[59] Environmental and Social Responsibility - The company continues to focus on environmentally friendly natural mineral water production, supporting ecological economic transformation in forest areas[72] - The company’s subsidiary completed a carbon reduction project, achieving a carbon reduction of 278,865 tons[72] Accounting and Financial Policies - The company has implemented significant accounting policies and estimates, particularly in revenue recognition and inventory valuation, which may impact future financial results[183] - The company conducts impairment testing on non-current assets, excluding financial assets, when there are indications of impairment, with goodwill tested at least annually[186] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[198] - The company’s financial statements comply with accounting standards, accurately reflecting its financial position and operating results[191]

Financial Performance - The company's operating revenue for Q1 2022 was ¥254,198,705.22, representing a year-on-year increase of 6.47%[4] - The net profit attributable to shareholders of the listed company was -¥11,760,934.82, indicating a loss[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,507,530.63[4] - The basic earnings per share for the period was -¥0.02[4] - Operating profit for Q1 2022 was -¥8,859,890.25, an improvement from -¥12,375,749.38 in Q1 2021[27] - Net profit for Q1 2022 was -¥6,718,621.27, compared to -¥12,023,541.99 in Q1 2021, indicating a reduction in losses[27] - The net profit for Q1 2022 was -10,749,699.48 RMB, an improvement from -14,591,801.44 RMB in Q1 2021, indicating a reduction in losses by approximately 26.5%[29] - The total comprehensive income for Q1 2022 was -10,711,699.48 RMB, compared to -14,591,801.44 RMB in the same period last year, reflecting a similar trend in reduced losses[29] - The net profit for Q1 2022 was reported at -¥16,742,396.79, an improvement from -¥21,106,510.17 in Q1 2021, showing a reduction in losses of about 20.5%[44] - The total comprehensive income for the period was -¥16,742,396.79, compared to -¥21,106,510.17 in the previous year[46] Cash Flow - The net cash flow from operating activities was ¥93,653,014.73[4] - Cash flow from operating activities generated a net inflow of 93,653,014.73 RMB, a significant recovery from a net outflow of -10,379,187.21 RMB in Q1 2021[33] - The net cash flow from operating activities for Q1 2022 was ¥41,909,899.88, a significant improvement compared to a net outflow of ¥16,743,148.09 in Q1 2021[46] - The net cash flow from financing activities was -71,069,208.62 RMB, worsening from -26,852,575.79 RMB in the previous year, suggesting increased financing pressures[34] - The net cash flow from financing activities showed a deficit of ¥45,670,941.58, worsening from a deficit of ¥19,753,289.39 in Q1 2021[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,985,661,494.22, a decrease of 1.29% compared to the end of the previous year[4] - The total current assets as of March 31, 2022, were RMB 1,125,670,727.38, down from RMB 1,301,009,528.82 at the end of 2021, showing a decrease of approximately 13.5%[19] - Total assets decreased to ¥4,985,661,494.22 from ¥5,050,595,734.03, a decline of 1.3%[24] - Total liabilities decreased to ¥3,254,797,065.73 from ¥3,308,981,606.06, a reduction of 1.6%[24] - Non-current liabilities increased to ¥602,118,756.16 from ¥557,703,838.39, an increase of 7.9%[24] - Current liabilities totaled ¥2,652,678,309.57, down from ¥2,751,277,767.67, a decrease of 3.6%[24] - The company's total equity decreased to ¥1,730,864,428.49 from ¥1,741,614,127.97, a decline of 0.6%[24] - The total liabilities reached ¥2,041,248,066.20, compared to ¥2,007,914,084.13, representing an increase of approximately 1.65%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,867[10] - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., held 30.24% of the shares, with 140,113,053 shares frozen[10] - The company's controlling shareholder, Sen Gong Group, holds 30.24% of the shares, while its concerted actor, Quan Yang Forestry Bureau, holds 0.69%, totaling 30.93%[14] Investments and Projects - The company provided a guarantee of RMB 35 million for its wholly-owned subsidiary, Suzhou Industrial Park Landscape Engineering Co., Ltd.[15] - The company’s subsidiary, Suzhou Garden, won a bid for a project worth RMB 35 million, confirming its role as the general contractor for the project[15] - The company plans to use RMB 114 million of raised funds to increase capital for its subsidiary, Changbai Mountain Tianquan, for a mineral water project[18] - The company received RMB 18 million from a structured deposit, yielding a return of RMB 1,348,451.77[18] - The company recovered 410,000,000.00 RMB from investments in Q1 2022, a significant increase from 10,000,000.00 RMB in Q1 2021, indicating a strong recovery in investment returns[34] - The company received ¥180,000,000.00 from investment recoveries during the quarter[47] Research and Development - Research and development expenses increased to ¥2,931,583.20 in Q1 2022 from ¥1,788,022.19 in Q1 2021, representing a growth of 64.0%[27] - Research and development expenses were not explicitly detailed but are part of the overall operational costs, which totaled ¥16,650,803.01 for Q1 2022[44]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 105,290,472.76 for the year 2021[8]. - The parent company reported a net profit of RMB 38,454,401.29 for 2021, with a cumulative distributable profit of negative RMB 1,801,199,729.03[8]. - The net profit attributable to shareholders of the listed company was CNY 105,290,472.76, an increase of 26.94% compared to the previous year[21]. - The company achieved operating revenue of CNY 1,470,952,179.44, representing a year-on-year growth of 7.21%[21]. - The basic earnings per share for 2021 was CNY 0.15, up 25.00% from CNY 0.12 in 2020[24]. - The weighted average return on equity increased to 6.84%, up by 1.10 percentage points from 5.74% in 2020[24]. - The total assets at the end of 2021 were CNY 5,050,595,734.03, a 4.23% increase from the previous year[21]. - The company's net assets attributable to shareholders reached CNY 1,592,668,813.86, marking a 7.08% increase year-on-year[21]. - The company achieved operating revenue of 1,470.95 million RMB, an increase of 98.94 million RMB year-on-year[61]. - The net profit attributable to the parent company was 105.29 million RMB, an increase of 22.35 million RMB year-on-year[61]. Profit Distribution - The board of directors approved a profit distribution plan for 2021, stating that no profit distribution or capital reserve increase will occur[8]. - As of December 31, 2021, the cumulative distributable profit was negative RMB 1,084,684,256.05[8]. - The company decided not to distribute profits for the fiscal year 2021, nor to increase capital reserves through stock conversion[159]. Operational Strategy - The company is focusing on high-quality development and strategic project implementation to navigate external challenges[33]. - The company maintained a strategic focus on the natural mineral water industry, emphasizing product quality and steady channel development, while also upgrading its wooden door and home furnishing segments towards smart home solutions[35]. - The company adopted a dual market development strategy for its natural mineral water segment, focusing on both systematic maintenance of existing markets and strategic partnerships in less established markets[40]. - The company aims to achieve a revenue target of 1,485 million yuan and a cost of 927 million yuan for 2022[106]. - The company plans to maintain a dual focus on its main business of natural mineral water while upgrading its garden and wooden door home business models[105]. Market Presence and Development - The company expanded its market presence in Guangdong while solidifying its foothold in Suzhou, Yunnan, Xi'an, Henan, and Shandong, enhancing brand recognition in economically developed areas[38]. - The company established over 10,000 standard stores and more than 10,000 terminal model stores to support its "thousand towns, ten thousand stores" initiative[40]. - The company’s "泉阳泉" mineral water brand has been recognized as a "Chinese famous brand" and a "national geographical indication protected product"[59]. Risk Management - The company faced various risks as detailed in the management discussion and analysis section of the report[9]. - The company recognizes the ongoing risks posed by the COVID-19 pandemic, which may affect logistics and project execution[107]. - The company acknowledges the impact of macroeconomic changes on its business segments, particularly in relation to consumer spending and infrastructure investment[107]. Governance and Compliance - The company held three annual general meetings and twenty-two board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[114]. - The company maintained a high standard of information disclosure, ensuring all shareholders had equal access to company information through various communication platforms[116]. - There were no significant differences between the company's governance practices and the relevant laws and regulations[117]. - The company did not experience any major insider trading incidents during the reporting period, ensuring the protection of shareholder interests[117]. - The company is committed to enhancing its governance structure and internal controls to ensure sustainable development and protect shareholder rights[113]. Employee Management and Development - The company employed a total of 2,108 staff members, with 452 in the parent company and 1,656 in major subsidiaries[151]. - The company has established a performance evaluation system for senior management, linking compensation to performance metrics[163]. - The company emphasizes talent development, fostering a professional management team to drive long-term growth[60]. - The company emphasizes the importance of youth training and talent development as part of its strategic initiatives[156]. Environmental and Social Responsibility - The company emphasizes ecological priority and green development, actively promoting the protection of water sources in the Changbai Mountain area[167]. - The company actively supports social responsibility initiatives, including disaster relief efforts in Zhengzhou and providing resources during the COVID-19 pandemic[175]. - The company is committed to sustainable development, integrating social value into its business practices and actively engaging with stakeholders[172]. Audit and Financial Oversight - The audit report issued by Da Hua Certified Public Accountants was a standard unqualified opinion[7]. - The internal control system was independently audited, receiving a standard unqualified opinion from the auditing firm[165]. - The audit committee confirmed that the internal control evaluation report accurately reflects the company's internal control effectiveness[145]. Related Party Transactions - The company engaged in related transactions amounting to RMB 89.66 million for purchasing materials, accounting for 44.83% of the expected total related transactions for daily operations[199]. - The company accepted labor services worth RMB 2.17 million, representing 10.84% of the expected total related transactions for daily operations[199]. - The rental income from the leasing agreement with Hongshi Forestry Bureau for forest management was RMB 36 million per year, effective until December 31, 2023[199].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 418,962,095.64, representing a year-on-year increase of 2.11%[6] - The net profit attributable to shareholders for the same period was CNY 23,287,436.81, an increase of 7.70% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20,302,995.84, showing a significant increase of 340.13%[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,165,774,661.42, a significant increase from ¥852,213,135.64 in the same period of 2020, representing a growth of approximately 37%[30] - Net profit for the third quarter of 2021 was ¥102,484,253.35, compared to ¥90,881,723.79 in the previous year, reflecting a growth of approximately 12%[32] - The total comprehensive income attributable to the parent company was CNY 86,111,704.60, an increase from CNY 76,419,215.59 in the same period last year, representing a growth of approximately 9.0%[36] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 5,155,089,099.07, up 6.38% from the end of the previous year[6] - The company's total liabilities increased to ¥3,435,263,868.00 from ¥3,221,991,904.02, marking an increase of about 6.6%[30] - The company's total liabilities decreased to RMB 2,054,264,236.03 from RMB 2,137,759,966.61, reflecting a decrease of approximately 3.9%[21] - The company's total equity rose to ¥1,719,825,231.07 from ¥1,623,725,077.72, reflecting an increase of about 5.9%[30] - The company's long-term equity investments rose to RMB 404,447,720.05, up from RMB 397,284,793.70, showing a slight increase of about 1.3%[21] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 117,733,479.22, reflecting a decrease of 55.34% compared to the previous year[6] - The net cash flow from operating activities was CNY 117,733,479.22, a decrease of 55.3% compared to CNY 263,632,498.09 in the previous year[38] - Cash inflow from operating activities totaled CNY 1,250,641,028.41, slightly down from CNY 1,263,989,763.91 year-over-year[38] - The cash outflow from operating activities was CNY 1,132,907,549.19, compared to CNY 1,000,357,265.82 in the previous year, indicating an increase of 13.2%[38] - The net cash flow from investing activities was CNY 22,445,089.46, a significant improvement from a negative CNY 94,994,356.67 in the same period last year[38] - Cash outflow from financing activities was CNY 463,439,296.09, a decrease from CNY 1,459,683,989.02 in the previous year[41] - The net cash flow from financing activities was negative CNY 106,369,126.09, compared to negative CNY 639,507,269.02 in the same period last year, showing an improvement[41] - The ending cash and cash equivalents balance was CNY 474,162,288.96, up from CNY 372,749,300.65 year-over-year[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,120[14] - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., held 30.24% of the shares, with 140,113,053 shares frozen[14] Inventory and Receivables - The company's inventory increased to RMB 180,248,358.47 from RMB 160,678,743.94, reflecting a growth of approximately 12.4%[21] - The company’s accounts receivable decreased to RMB 326,374,930.17 from RMB 368,828,701.37, indicating a decline of about 11.5%[21] - The company's contract assets increased significantly to RMB 1,478,908,970.45 from RMB 1,160,732,180.43, representing a growth of about 27.4%[21] Research and Development - Research and development expenses for the first three quarters were ¥10,621,794.91, compared to ¥9,101,440.41 in the previous year, showing an increase of approximately 16.7%[30] Financial Expenses - The company reported a financial expense of ¥67,662,246.84, which included interest expenses of ¥63,393,837.78, compared to a financial income of -¥30,049,139.89 in the previous year[30]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 746,812,565.78, representing a 68.99% increase compared to CNY 441,926,411.78 in the same period last year [22]. - The net profit attributable to shareholders for the first half of 2021 was CNY 62,824,267.79, which is a 14.65% increase from CNY 54,797,455.24 in the previous year [22]. - Basic earnings per share for the first half of 2021 were CNY 0.09, a 12.50% increase from CNY 0.08 in the same period last year [22]. - Operating profit reached 99.24 million yuan, up by 37.89 million yuan, reflecting a growth of 61.76% year-on-year [34]. - The company reported a net profit contribution of CNY -1.73 million from its subsidiary Lushuihe Tianxiang Specialty Products Co., Ltd., which has total assets of CNY 30.72 million and a net loss of CNY 3.39 million for the first half of 2021 [45]. - The company reported a comprehensive income of ¥62,824,267.79 for the first half of 2021, compared to a loss in the previous period [149]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 16.62% to CNY 125,373,098.67 from CNY 150,366,888.85 in the same period last year [22]. - The company’s cash and cash equivalents at the end of the period were ¥336,263,143.00, down 28.34% from ¥469,221,578.13 at the end of the previous year [39]. - Cash flow from operating activities for the first half of 2021 was CNY 125,373,098.67, down from CNY 150,366,888.85 in the same period of 2020, a decrease of approximately 16.6% [139]. - The ending balance of cash and cash equivalents decreased to ¥217,997,185.26 from ¥308,690,701.24, a decline of 29.3% [145]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,082,077,449.58, an increase of 4.88% compared to CNY 4,845,716,981.74 at the end of the previous year [22]. - The company’s total liabilities decreased to CNY 3,000,384,132.28 from CNY 3,200,000,000.00, indicating a reduction of approximately 6.3% [119]. - The company’s short-term borrowings were CNY 768,379,270.00, down from CNY 857,341,860.66, reflecting a decrease of about 10.4% [119]. - Total liabilities increased to ¥3,385,004,090.42 from ¥3,221,991,904.02, which is an increase of about 5% [121]. Research and Development - The company reported a 19.74% decrease in R&D expenses, totaling ¥6,182,316.86 compared to ¥7,703,241.21 in the previous year [36]. - Research and development expenses were ¥6,182,316.86, a decrease of 19.7% from ¥7,703,241.21 in the first half of 2020 [131]. Shareholder Information - The total number of shares after the recent changes is 715,197,812, with 688,282,134 shares classified as tradable [94]. - The company issued 62,100,000 shares to specific investors as part of a private placement [104]. - The largest shareholder, Sen Gong Group, had 46,720,254 restricted shares released on May 16, 2021 [99]. - The company has a total of 51,193,531 shares held by Changzhou Puxin Tongyuan Investment Partnership, accounting for 7.16% of the total [110]. Risk Factors - The company faces risks related to macroeconomic cycles, which could impact its mineral water and landscaping businesses if consumer demand declines [50]. - The ongoing COVID-19 pandemic poses risks to the company's mineral water sales and project execution in landscaping [50]. - The company emphasizes the importance of recognizing stock market risks due to various factors including international and macroeconomic changes [50]. Corporate Governance and Compliance - The company did not distribute profits or increase capital reserves during the reporting period [6]. - There were no significant risk events reported during the period [8]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period [78]. Environmental and Social Responsibility - The company actively fulfilled its social responsibility by providing aid to Zhengzhou after the disaster, delivering the first batch of supplies on July 25 [35]. - The company is involved in environmental protection through its subsidiary, Jilin Forest Industry Environmental Technology Co., Ltd., focusing on carbon asset management and energy management [61]. - The company has established a partnership for carbon reduction projects, enhancing its environmental responsibility [61]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date [168]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows [169]. - The company has not reported any significant changes in its accounting policies or estimates that would impact the financial statements [168].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 82,943,910.22 in 2020, recovering from a significant loss in 2019[9]. - As of December 31, 2020, the cumulative distributable profit was -RMB 1,189,974,728.81, indicating ongoing financial challenges[9]. - The company will not distribute profits or increase capital reserves for the year 2020, as approved in the board meeting[9]. - The company's operating revenue for 2020 was CNY 1,372,012,333.25, a decrease of 14.35% compared to 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 82,943,910.22, a significant recovery from a loss of CNY 1,484,737,184.46 in 2019[23]. - The net cash flow from operating activities increased by 159.13% to CNY 196,589,292.78 in 2020[23]. - The basic earnings per share for 2020 was CNY 0.12, compared to a loss of CNY 2.07 per share in 2019[24]. - The total assets as of the end of 2020 were CNY 4,845,716,981.74, a decrease of 6.04% from 2019[23]. - The weighted average return on equity for 2020 was 5.74%, recovering from -68.77% in 2019[27]. - The company reported a net profit of CNY 6,524,694.63 in Q4 2020, following a profit of CNY 21,621,760.35 in Q3 2020[28]. Business Strategy and Development - The chairman emphasized the importance of innovation and strategic reform in 2021, which is seen as a critical year for the company's development[5]. - The company plans to focus on its core business and enhance its competitive edge through product structure adjustments and innovation[5]. - The company aims to create more value for shareholders and society while navigating a complex external environment in 2021[5]. - The company has committed to maintaining a green and healthy product image, aligning with its operational philosophy[5]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]. - The company aims to integrate resources around its main business and enhance its image as a leader in green products and environments[36]. - The company aims to develop a dual industry structure focusing on natural mineral water and landscaping engineering, leveraging existing resources and brand advantages[98]. - The company plans to actively develop the landscaping industry, utilizing the favorable market outlook to drive business transformation and enhance profitability[98]. Market and Industry Insights - The mineral water industry is expected to have a broad market outlook, aligning with the trend of natural, nutritious, and green consumption[43]. - The retail sales scale of China's packaged drinking water exceeded 217 billion yuan in 2019, with purified water accounting for 121.9 billion yuan, representing 60.44% of the total[89]. - The average compound annual growth rates from 2014 to 2019 for natural water and natural mineral water were 24.8% and 18.4%, respectively, while purified water and other drinking water experienced growth rates of 13.2% and -4.9%[89]. - The growth of natural mineral water continues, although it has not yet achieved a dominant position compared to other categories, indicating ongoing consumer demand for health-oriented products[90]. - The market size of China's landscaping industry increased from CNY 594.7 billion in 2014 to CNY 855.8 billion in 2019, with a compound annual growth rate (CAGR) of 7.6%[91]. Risk Management - The company has outlined various risks and countermeasures in its report, urging investors to be cautious[11]. - The company faces risks related to macroeconomic changes, which could impact its mineral water and landscaping businesses[100]. - The ongoing COVID-19 pandemic poses a risk to sales and project execution, with potential disruptions if new outbreaks occur[100]. Corporate Governance and Compliance - The company has committed to various promises related to shareholding and competition resolution, ensuring compliance with regulations[110]. - The company has committed to not engaging in any business that competes with Jilin Forest Industry Group and its subsidiaries[120]. - The company has ensured compliance with information disclosure obligations and internal decision-making procedures regarding related party transactions[120]. Social Responsibility and Environmental Commitment - The company actively participated in pandemic prevention efforts, ensuring employee safety and maintaining supply chains without price hikes during the COVID-19 outbreak[172]. - The company emphasized environmental protection and resource conservation, promoting energy efficiency and reducing emissions through technological innovation[174]. - The company has established a dedicated organization to manage poverty alleviation funds, ensuring maximum social impact[170]. - The company has implemented poverty alleviation projects in multiple locations, including Jilin Province and Hebei Province, focusing on infrastructure and educational support[169]. Share Capital and Ownership Structure - The total number of shares held by Sen Gong Group and its concerted parties is 221,173,138 shares, accounting for 30.85% of the total share capital[198]. - The controlling shareholder's ownership percentage decreased from 33.52% to 30.93%, indicating a significant change in shareholder structure[193]. - The company reported cash dividends of ¥25,746.26 related to the repurchased shares[193]. - The company has been actively managing its share capital structure through repurchase and cancellation of shares[198].

2021 年第一季度报告 证券代码：600189 公司简称：泉阳泉 | --- | --- | |------------------------|-------| | | | | | | | | | | | | | | | | | | | 吉林泉阳泉股份有限公司 | | | | | 2021 年第一季度报告 重要提示 . í 二、 公司基本情况 . 三、 重要事项 . 四、 附录 . 2 / 16 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。 1.3 公司负责人姜长龙、主管会计工作负责人王尽晖 及会计机构负责人（会计主管人员）白 刚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 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|---- ...

Financial Performance - Operating revenue for the first nine months decreased by 25.59% to CNY 852,213,135.64 compared to the same period last year[13]. - Net profit attributable to shareholders increased by 2.08% to CNY 76,419,215.59 compared to the same period last year[13]. - Net cash flow from operating activities increased by 123.69% to CNY 263,632,498.09 compared to the same period last year[13]. - Basic earnings per share increased by 10% to CNY 0.11 compared to the same period last year[13]. - Total operating revenue decreased by 25.59% to CNY 852,213,135.64 compared to CNY 1,145,294,617.81 in the same period last year due to delays in resuming operations caused by the COVID-19 pandemic[26]. - R&D expenses decreased by 45.07% to CNY 9,101,440.41 from CNY 16,568,704.27, primarily due to reduced investment in R&D[26]. - Net profit for the first three quarters of 2020 was CNY 108,054,662.45, compared to CNY 142,136,117.17 in the same period of 2019, representing a decline of 23.96%[54]. - The company reported a gross profit margin of approximately 10.23% for Q3 2020, compared to 10.09% in Q3 2019[54]. - The company’s financial performance indicates a recovery trend, with a notable improvement in net profit and comprehensive income despite a decline in operating revenue[60]. Assets and Liabilities - Total assets decreased by 10.29% to CNY 4,614,834,192.16 compared to the end of the previous year[13]. - The company reported a significant decrease in cash and cash equivalents, down 59.06% from CNY 914,550,567.13 to CNY 374,447,957.23, primarily due to loan repayments[24]. - The company's inventory decreased by 47.42%, from CNY 1,196,571,985.34 to CNY 629,146,968.47, attributed to the reclassification of inventory under the new revenue standards[24]. - The company’s receivables decreased by 71.56%, from CNY 17,125,496.42 to CNY 4,870,572.91, mainly due to the maturity of notes[24]. - Total liabilities decreased from $3,615,200,461.62 to $2,995,415,825.76, a reduction of approximately 17.2%[43]. - Current liabilities decreased from $2,835,991,132.84 to $2,447,786,014.94, a reduction of about 13.7%[42]. - Non-current liabilities decreased from $779,209,328.78 to $547,629,810.82, a decrease of approximately 29.6%[43]. - The company’s long-term equity investments were valued at RMB 402,659,936.26, slightly up from RMB 398,237,769.02 in the previous year[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,281[15]. - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., holds 30.17% of the shares[15]. - The company’s major shareholder, Sen Gong Group, holds 30.17% of the total shares, with an additional 21.43% of shares frozen due to legal issues[22]. - The total number of shares repurchased and canceled was 1,677,065, reducing the total share count from 716,874,877 to 715,197,812[23]. - The registered capital will change from CNY 716,874,877 to CNY 715,197,812 following the share repurchase[29]. Cash Flow - Investment cash flow net amount decreased by 196.25% to CNY -94,994,356.67 from CNY 98,691,298.83, primarily due to the purchase of structured deposits[26]. - Financing cash flow net amount decreased by 295.31% to CNY -639,507,269.02 from CNY -161,773,904.48, mainly due to a reduction in bank loans compared to the previous year[26]. - Cash inflow from investment activities totaled ¥387.71 million, up from ¥309.23 million in the same period last year, marking a 25.4% increase[66]. - Net cash flow from financing activities was negative at ¥639.51 million, compared to a smaller negative cash flow of ¥161.77 million in the previous year[67]. - Total cash inflow from operating activities in Q3 2020 was ¥266.29 million, an increase of 20.9% from ¥220.10 million in Q3 2019[69]. Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 21,310,914.93[13]. - Non-operating income and expenses totaled CNY 17,008,855.15 for the current period[15]. - The company recovered idle raised funds amounting to RMB 130 million, generating a corresponding income of RMB 4,041,397.26[32]. - The company has engaged in cash management using idle raised funds, with a maximum total amount of RMB 130 million for various financial products[32]. - The company reported a total of approximately $293.77 million in fixed assets, which are crucial for its operational capabilities[86].