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陕建股份(600248) - 2020 Q2 - 季度财报
2020-07-30 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,177,056,848.90, a decrease of 12.20% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 51,353,860.57, down 67.27% year-on-year[21]. - The basic earnings per share for the first half of 2020 was CNY 0.0559, a decrease of 67.29% compared to the same period last year[22]. - The weighted average return on net assets was 1.72%, down 3.87 percentage points year-on-year[22]. - Operating revenue for the period was ¥3,177,056,848.90, a decrease of 12.20% compared to ¥3,618,382,047.31 in the same period last year[54]. - Operating costs decreased by 10.83% to ¥2,928,965,815.82 from ¥3,284,679,757.32, attributed to reduced project completion due to the COVID-19 pandemic[54]. - The net profit for the first half of 2020 was 495,652.74 million, indicating a significant increase compared to the previous year[71]. - The company reported a net profit margin of 15%, which is an improvement from 12% in the previous year[109]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the quarter, representing a 25% year-over-year growth[101]. Cash Flow and Assets - The net cash flow from operating activities was CNY -55,216,188.86, showing a significant improvement of 91.08% compared to the previous year[21]. - Cash flow from financing activities showed a substantial increase to ¥94,242,375.00 from -¥2,414,087.79, reflecting successful bank loan acquisition[54]. - Accounts receivable decreased by 13.59% to ¥3,147,099,567.79 from ¥3,642,099,282.23, indicating improved collection efforts[58]. - The total assets at the end of the reporting period were CNY 9,098,822,577.41, an increase of 8.18% from the end of the previous year[21]. - As of June 30, 2020, the total current assets amounted to RMB 7,969,721,256.13, an increase from RMB 7,266,453,058.85 as of December 31, 2019, representing a growth of approximately 9.66%[198]. - The cash and cash equivalents were reported at RMB 935,886,940.63, slightly down from RMB 954,893,398.03 at the end of 2019, indicating a decrease of about 1.06%[198]. Operational Challenges and Responses - The decline in net profit was primarily due to the impact of COVID-19, which resulted in lower construction progress and increased credit impairment losses[25]. - The company reported a decrease in gross profit margin for newly contracted projects due to intensified industry competition[25]. - The company emphasized risk management by enhancing compliance systems and conducting regular legal risk assessments[51]. - The company has identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk[71]. - To mitigate industry risk, the company plans to enhance industry information collection and analysis, and adjust development strategies accordingly[71]. Strategic Initiatives and Innovations - The company aims to enhance its engineering contracting capabilities and optimize project management models while adhering to safety and legal standards[33]. - The company plans to focus on technological innovation and high-quality service to enhance brand value and market competitiveness[36]. - The company is actively pursuing internal reforms and management innovations to enhance operational quality and achieve high-quality transformation[36]. - The company has developed key technologies in petrochemicals, natural gas, and environmental protection, enhancing its core competitiveness through new equipment and processes[37]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience and operational efficiency[105]. - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in costs over the next year[108]. Market Expansion and Contracts - The company is actively pursuing international market opportunities, particularly along the Belt and Road Initiative, to enhance its project portfolio[50]. - The company signed 211 contracts during the reporting period, with a total value of 5.229 billion yuan, including 5 contracts worth over 100 million yuan each[48]. - The company expanded its market presence by winning contracts in emerging industries, including a 498 million yuan project for Shandong Wanda Chemical and a 210 million yuan contract for Ningbo Engineering[50]. - The company has ongoing projects with significant contract values, including a 20,000 million project for Wande Chemical and a 5,642 million project for Fujian Southeast Chemical[162]. Corporate Governance and Compliance - The company has committed to ensuring that all transactions comply with market fairness and legal procedures, safeguarding the rights of shareholders[82]. - The company has undertaken measures to maintain the independence of its financial department and ensure that its assets are not used to guarantee the debts of the parent company[98]. - The company will not engage in related party transactions that could harm the interests of shareholders[82]. - The company has implemented a stock incentive plan aimed at retaining key talent and aligning their interests with shareholders[143]. Social Responsibility and Environmental Impact - The company has not reported any environmental impact incidents during the reporting period, adhering to environmental protection regulations[181]. - The company promotes green construction practices and has implemented measures to minimize resource waste and environmental impact[181]. - The company has helped 16 registered impoverished individuals to escape poverty, with 12 signing labor contracts and 2 enrolling in vocational training[180]. - Monthly income for employed impoverished individuals is over 3,000 RMB, providing a platform for employment and income generation[176].
陕建股份(600248) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - Operating revenue fell by 50.79% to CNY 751,171,969.06 year-on-year[12] - Net profit attributable to shareholders was CNY -20,361,060.08, a decline of 142.86% compared to the same period last year[12] - Basic earnings per share decreased by 142.86% to CNY -0.0222[12] - Net profit for the period was a loss of ¥20,361,060.08, a decline of 142.86% from a profit of ¥47,507,217.20 in the previous period, attributed to lower construction progress and increased credit impairment losses[22] - Operating profit for the quarter was a loss of ¥22,349,478.90, compared to a profit of ¥56,510,702.39 in the same quarter last year[47] - The total profit for the quarter was a loss of ¥22,275,190.80, down from a profit of ¥56,652,934.59 year-over-year[47] Cash Flow - Net cash flow from operating activities was CNY -264,282,505.28, showing a significant deterioration[12] - Cash flow from operating activities showed a net outflow of ¥264,282,505.28, worsening by 182.01% compared to a net outflow of ¥93,714,438.98 in the previous period, due to slower collection progress and reduced project completion[22] - The net cash flow from operating activities for Q1 2020 was -264,282,505.28 RMB, compared to -93,714,438.98 RMB in Q1 2019, indicating a significant decline[57] - Total cash outflow from operating activities in Q1 2020 was 1,384,017,586.41 RMB, compared to 1,666,464,561.90 RMB in Q1 2019, showing a reduction of about 17.0%[57] - The net cash flow from financing activities in Q1 2020 was 95,000,000.00 RMB, compared to -1,193,779.67 RMB in Q1 2019, indicating a positive turnaround[57] Assets and Liabilities - Total assets decreased by 6.88% to CNY 7,831,850,577.11 compared to the end of the previous year[12] - Total liabilities decreased to ¥3,701,746.64 in Q1 2020 from ¥4,404,993.62 in Q4 2019, reflecting a reduction of approximately 15.9%[43] - The total liabilities amounted to 5,450,976,060.91 RMB, with a minor increase of 1,457,691.56 RMB compared to the previous period[67] - The total current assets amounted to 7,266,453,058.85 RMB, with a slight increase of 1,457,691.56 RMB compared to the previous period[64] Inventory and Receivables - Accounts receivable increased by 73.91% to CNY 24,284,532.65 due to an increase in commercial acceptance bills received[20] - Inventory decreased by 88.85% to CNY 232,509,983.72 as a result of the new revenue recognition standards[20] - The company reported a significant decrease in inventory, with current inventory at ¥232,509,983.72 compared to ¥2,085,186,564.21 in the previous period[32] - The inventory was reported at 2,085,186,564.21 RMB, reflecting a significant adjustment of -1,933,130,157.10 RMB[64] Shareholder Information - The total number of shareholders was 25,857, with the largest shareholder holding 29.00% of shares[16] - Owner's equity totaled ¥2,248,134,676.81 as of March 31, 2020, compared to ¥2,249,811,241.59 at the end of 2019, indicating a marginal decline[43] Company Strategy and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[20] - The company plans to issue shares to acquire 100% of Shaanxi Construction Group Co., Ltd. and merge it, which constitutes a major asset restructuring[22] - The company implemented new revenue recognition standards starting January 1, 2020, affecting the financial statements[70]
陕建股份(600248) - 2019 Q4 - 年度财报
2020-04-20 16:00
Financial Performance - The company achieved a net profit attributable to shareholders of RMB 295,691,376.56 in 2019[6]. - The company's operating revenue for 2019 was approximately ¥8.07 billion, representing a 6.55% increase compared to ¥7.57 billion in 2018[25]. - The net profit attributable to shareholders for 2019 was approximately ¥295.69 million, a 5.09% increase from ¥289.92 million in 2018[25]. - The net profit after deducting non-recurring gains and losses for 2019 was approximately ¥295.69 million, showing a significant increase of 53.65% compared to ¥188.68 million in 2018[25]. - The total assets at the end of 2019 were approximately ¥8.41 billion, a 1.42% increase from ¥8.29 billion at the end of 2018[27]. - The net assets attributable to shareholders at the end of 2019 were approximately ¥2.96 billion, reflecting a 7.88% increase from ¥2.74 billion at the end of 2018[27]. - The basic earnings per share for 2019 were ¥0.3221, a decrease of 9.24% from ¥0.3549 in 2018[27]. - The weighted average return on net assets for 2019 was 10.35%, a decrease of 1.80 percentage points from 12.15% in 2018[27]. - The cash flow from operating activities for 2019 was negative at approximately -¥276.32 million, compared to positive cash flow of ¥113.91 million in 2018, indicating a significant decline of 342.57%[27]. - Revenue for the period reached 8,067.95 million yuan, representing a year-on-year growth of 6.55%, while net profit attributable to the parent company was 295.69 million yuan, up 5.09% year-on-year[59]. Dividend Distribution - A cash dividend of RMB 0.2 per 10 shares is proposed, totaling RMB 18,359,053.44 to be distributed[6]. - The company distributed a cash dividend of RMB 0.1 per share for the year 2019, totaling RMB 18,359,053.44, which represents 6.21% of the net profit attributable to ordinary shareholders[120]. - In 2018, the company distributed a cash dividend of RMB 1.0 per share, totaling RMB 91,795,267.20, which accounted for 32.62% of the net profit attributable to ordinary shareholders[120]. Risk Management - The company reported no significant risk events during the reporting period[8]. - The company has identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk, with corresponding mitigation strategies in place[115]. - The company plans to enhance industry economic research, improve strategic planning management, and expand overseas markets to address industry risk[115]. - To mitigate funding risk, the company will conduct thorough research on bidding documents and assess the creditworthiness of owners[115]. - The company has established a responsibility system for accounts receivable management, including a dedicated management team and annual assessments of outstanding debts[115]. Audit and Compliance - The audit report issued by Sigma Accounting Firm was a standard unqualified opinion[5]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has committed to maintaining transparency in its cash dividend policy to enhance investor confidence[153]. - The integrity status of the company and its controlling shareholders is good, with no major defaults or regulatory actions reported[160]. - The company has not reported any instances of fund occupation or overdue receivables during the reporting period[156]. Business Operations and Strategy - The company aims to enhance its engineering contracting capabilities and optimize project management to improve operational quality and competitiveness[44]. - The company is positioned to leverage opportunities in unconventional oil and gas resources as the industry undergoes transformation and new business models emerge[45]. - The company emphasizes quality and efficiency, aiming to provide high-quality services and maintain a leading position in the domestic engineering sector[39]. - The company aims to enhance its core competitiveness through continuous technological innovation and by optimizing its organizational structure and business segments[106]. - The company plans to implement a comprehensive market development strategy across group, domestic, and international markets to stabilize its market presence and performance scale[106]. Research and Development - The company achieved a research and development expenditure of 343.46 million, accounting for 4.26% of total revenue[49]. - Research and development expenses rose significantly by 80.58% to CNY 7,512,103.52[64]. - The company has developed key technologies in various fields, including petrochemicals, natural gas, and environmental protection, enhancing its core competitiveness[49]. Project Management and Contracts - The company secured contracts totaling 75.66 billion yuan during the reporting period, with total revenue of 806,795.44 million yuan and a net profit of 29,569.14 million yuan[44]. - The company completed 90 engineering projects during the reporting period, with significant progress and quality ranking among the top in all general contracting units[55]. - The company signed 321 contracts during the reporting period, with a total value of 7.566 billion yuan, including 12 contracts exceeding 100 million yuan[59]. - The company has ongoing projects with a total contract value of 51,498,160 for the construction of the ethylene glycol unit in Inner Mongolia[192]. Human Resources and Corporate Culture - The company has cultivated 207 outstanding project managers, enhancing its human resource capabilities to support strategic development[52]. - The company emphasizes corporate culture, promoting the "craftsman" spirit and "Iron Army" culture to enhance cohesion and drive development[55]. - The company has a strong design and R&D capability, with 83.1% of its personnel holding a bachelor's degree or above[55]. Equipment and Technological Advancements - The company invested CNY 36.18 million to purchase a 650-ton crawler crane and a 550-ton truck crane, enhancing its equipment strength[52]. - The company has over 300 advanced precision testing devices, including X-ray and ultrasonic testing equipment, to meet non-destructive testing and physical-chemical testing needs[52]. - The company has implemented a digital management platform for engineering quality detection, improving operational efficiency and project management[49]. Industry Outlook - The outlook for 2020 indicates potential challenges due to the COVID-19 pandemic, but long-term growth is expected as investment stabilizes and the energy security strategy is implemented[45]. - The petrochemical industry in China saw an industrial added value growth of 4.6% year-on-year, indicating stable progress despite challenges from the COVID-19 pandemic[103].
陕建股份(600248) - 2019 Q3 - 季度财报
2019-10-29 16:00
Financial Performance - Net profit attributable to shareholders was CNY 217,185,499.42, representing an increase of 34.73% year-on-year [20]. - Operating revenue for the period reached CNY 5,374,950,010.93, reflecting a growth of 2.65% compared to the same period last year [18]. - The company reported a net profit excluding non-recurring gains and losses of CNY 210,029,395.85, a significant increase of 124.69% compared to the same period last year [20]. - Basic earnings per share were CNY 0.2366, an increase of 14.69% year-on-year [20]. - Net profit for Q3 2019 was CNY 60,280,094.49, an increase from CNY 43,365,896.65 in Q3 2018, representing a growth of 39.5% [51]. - Total profit for Q3 2019 reached CNY 71,392,170.83, compared to CNY 50,987,756.05 in Q3 2018, marking a 40.0% increase [51]. - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 60,280,094.49, compared to CNY 39,638,416.23 in Q3 2018, showing a 52.0% increase [53]. Cash Flow - Net cash flow from operating activities was negative CNY 817,885,442.88, a decline of 788.47% compared to the previous year [18]. - Operating cash flow for the first three quarters of 2019 was -817,885,442.88 RMB, a decrease from 118,797,362.72 RMB in the same period of 2018 [63]. - Cash inflow from operating activities totaled 4,396,521,184.59 RMB, down 14.2% from 5,127,925,544.58 RMB year-over-year [63]. - Cash outflow from operating activities increased to 5,214,406,627.47 RMB, compared to 5,009,128,181.86 RMB in the previous year, marking a rise of 4.1% [63]. - Cash flow from investment activities showed a net outflow of -47,914,613.14 RMB, compared to -13,612,748.76 RMB in the same period last year [65]. - Cash flow from financing activities resulted in a net outflow of -95,429,663.10 RMB, a decrease from -144,586,427.70 RMB year-over-year [65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,076,710,851.88, a decrease of 2.61% compared to the end of the previous year [18]. - Total liabilities decreased to CNY 5,207,001,748.86 from CNY 5,549,744,288.61, a reduction of approximately 6.2% [37]. - Cash and cash equivalents decreased by 64.86% to ¥520,143,169.93 from ¥1,480,159,366.72 due to repayment of debts owed to private small and medium enterprises [26]. - Other current liabilities increased by 32.49% to ¥336,136,520.03 from ¥253,704,998.60, reflecting an increase in confirmed tax payable [26]. - Accounts payable increased to ¥4,026,479,040.46 from ¥3,950,399,916.43, indicating a rise in outstanding payments [35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 25,228 [20]. - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., held 53.61% of the shares [23]. - The total equity attributable to shareholders increased to ¥2,869,709,103.02 from ¥2,743,624,808.85, representing a growth of about 4.6% [37]. Other Financial Metrics - The weighted average return on equity increased to 7.72%, up by 0.62 percentage points from the previous year [20]. - Non-operating income for the period amounted to CNY 5,380,286.52, with a total of CNY 7,156,103.57 for the year-to-date [20]. - Other income surged by 2,124.28% to ¥5,345,945.95 from ¥240,345.23, due to debt write-offs [26]. - The company reported research and development expenses of ¥1,080,971.04 for Q3 2019, compared to ¥955,999.01 in Q3 2018, reflecting an increase of approximately 13.1% [47]. - The company recorded an asset impairment loss of CNY -89,962,690.60 for the first nine months of 2019, compared to CNY -42,656,076.02 for the same period in 2018 [51].
陕建股份(600248) - 2019 Q2 - 季度财报
2019-08-29 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was approximately CNY 3.62 billion, a decrease of 6.23% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company reached approximately CNY 156.91 million, an increase of 29.08% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 155.13 million, representing a significant increase of 160.78% compared to the previous year[22]. - The net cash flow from operating activities was negative at approximately CNY -618.90 million, worsening by 89.47% compared to the same period last year[22]. - The total assets of the company at the end of the reporting period were approximately CNY 8.24 billion, a slight decrease of 0.59% from the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased to approximately CNY 2.81 billion, reflecting a growth of 2.43% compared to the end of the previous year[22]. - Basic earnings per share for the reporting period were CNY 0.1709, an increase of 9.83% year-on-year[22]. - The weighted average return on net assets was 5.59%, an increase of 0.21 percentage points compared to the previous year[22]. - The company achieved operating revenue of 3.618 billion yuan and a net profit of 157 million yuan during the reporting period[41]. - Operating revenue for the period was ¥3,618,382,047.31, a decrease of 6.23% compared to ¥3,858,796,209.64 in the same period last year[45]. - Operating costs decreased by 5.32% to ¥3,284,679,757.32 from ¥3,469,413,971.65[45]. - Net profit for the first half of 2019 was CNY 156,905,404.93, a decrease of 5.06% compared to CNY 166,066,591.79 in the same period of 2018[167]. Risk Management - There were no significant risk events reported during the reporting period, and the company has detailed potential risks in the report[8]. - The company identified six major risks, including industry risk, funding risk, and policy risk, with strategies in place to mitigate these risks[61]. - The company has implemented a comprehensive risk management plan, including annual risk assessments and monitoring strategies[61]. - The company is actively expanding its market presence and enhancing its risk management framework to address external and internal risks[61]. Business Operations - The company operates in various sectors including engineering contracting, project feasibility studies, engineering design, and technical consulting, with a focus on oil and petrochemical engineering[28]. - The engineering contracting business is the core business, covering multiple fields such as oil refining, petrochemicals, and industrial construction, with extensive project management experience domestically and internationally[30]. - The company has implemented a centralized procurement and unified management system for material sales, which has reduced procurement costs[30]. - The company holds multiple manufacturing licenses for pressure vessels and has advanced welding technologies, enhancing its equipment manufacturing capabilities[30]. - The company aims to enhance risk control, improve quality and efficiency, and integrate technology and capital to achieve sustainable development[30]. - The company is committed to innovation in technology and business models to adapt to industry changes and challenges[30]. - The company’s operational model integrates engineering design, consulting, construction, and equipment sales, aiming for a comprehensive service approach[30]. - The company is focused on becoming a leading international engineering firm through quality and reputation[30]. - The company has over 60 years of experience in the domestic petrochemical construction industry, with strong market competitiveness and capabilities in EPC, engineering design, consulting, and technology R&D[33]. - The engineering design team consists of over 600 professionals, equipped with more than 20 design specialties and advanced software systems, completing significant projects in refining and coal chemical sectors[33]. - The company has developed 161 patents, including 42 invention patents, and has participated in key national R&D projects, enhancing its technological capabilities[33]. - The company has established a comprehensive project management system, focusing on quality, environmental, and occupational safety management, and implements strict cost control measures[36]. - The company has established a comprehensive project management service system, achieving a successful first-time startup for all construction projects undertaken[37]. - The company signed a strategic cooperation agreement with Hualu Engineering Technology Company to enhance collaboration in engineering design and project management[41]. - The company is actively expanding its international market presence, including a framework cooperation agreement for a chemical project in Russia[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,655[137]. - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holds 492,112,799 shares, accounting for 53.61% of the total shares[140]. - Liu Chuanquan, the second-largest shareholder, holds 67,118,071 shares, representing 7.31% of the total shares[140]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 62%[140]. - There were no changes in the total number of shares or share capital structure during the reporting period[137]. - The company has not experienced any changes in its controlling shareholder or actual controller[145]. - The company appointed Fu Jieping as the new general manager on May 28, 2019, following the resignation of Wang Dong[147]. Environmental and Social Responsibility - The company emphasizes environmental protection and has implemented a green construction initiative, recognized as a model project in Shaanxi Province[133]. - The company has established a comprehensive environmental management system to minimize negative impacts on the environment[133]. Strategic Initiatives - The company is focused on expanding its market presence through strategic project acquisitions and partnerships[132]. - A strategic acquisition of a competitor is anticipated to close by Q3 2023, expected to enhance the company's service offerings[100]. - The company has committed to a cash dividend policy, ensuring a minimum payout ratio of 30% of net profits[101]. - Research and development expenses increased by 18%, focusing on innovative technologies to improve product efficiency[102]. - The company has established a new partnership with a leading tech firm to enhance its digital capabilities[103]. Legal and Compliance - There are no significant legal disputes or regulatory issues reported during the current period[104]. - The company held one shareholders' meeting during the reporting period, ensuring compliance with legal and regulatory requirements[63]. - The company has pledged to adhere to fair and transparent principles in related party transactions, ensuring no harm to shareholders' rights, with a long-term commitment[67].
陕建股份(600248) - 2018 Q4 - 年度财报
2019-04-25 16:00
Financial Performance - The company achieved a total operating revenue of RMB 7,572,028,176.33 in 2018, a decrease of 4.20% compared to 2017[26]. - The net profit attributable to shareholders of the listed company was RMB 281,361,737.97, representing an increase of 44.37% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥188.68 million, representing a 133.37% increase compared to the previous year[29]. - The net cash flow from operating activities was approximately ¥113.91 million, a decrease of 85.70% compared to the previous year[29]. - The total assets increased by 14.44% year-on-year, reaching approximately ¥8.29 billion[29]. - The basic earnings per share (EPS) was ¥0.3549, reflecting a 42.30% increase compared to the previous year[30]. - The weighted average return on equity (ROE) increased by 3.04 percentage points to 12.15%[30]. - The company reported a net profit of approximately ¥120.17 million in Q4 2018, with a significant increase in net profit after deducting non-recurring gains and losses to approximately ¥95.20 million[33]. - The company achieved operating revenue of 757,202.82 million RMB, a year-on-year decrease of 4.20%[63]. - Net profit reached 34,804.01 million RMB, representing a year-on-year increase of 22.52%[63]. - The total assets amounted to 829,336.91 million RMB, reflecting a year-on-year growth of 14.44%[63]. Dividend Policy - The proposed cash dividend is RMB 1.00 per 10 shares, totaling RMB 91,795,267.20, based on the total share capital of 917,952,672 shares[7]. - For the 2018 fiscal year, the company proposed a cash dividend of RMB 1.0 per 10 shares, amounting to RMB 91,795,267.20, which represents 32.62% of the net profit attributable to ordinary shareholders[121]. - The company distributed a cash dividend of RMB 0.5 per 10 shares for the 2017 fiscal year, totaling RMB 30,789,798.00[118]. Risk Management - The company reported no significant risk events during the reporting period[10]. - The company identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk, with corresponding mitigation strategies[117]. - The company has implemented a comprehensive risk management plan, including annual risk monitoring and response strategies[116]. - The company plans to enhance industry economic research and adjust development strategies to address industry risks[117]. - To mitigate funding risks, the company will conduct thorough assessments of project bids and owner creditworthiness[117]. - The company has established a responsibility system for accounts receivable management, including annual assessments and linking performance to compensation[117]. Business Operations - The company completed the acquisition of 100% equity in Beijing Petroleum Engineering Co., Ltd., which resulted in retrospective adjustments to previous years' data[30]. - The company completed the acquisition of Beijing Engineering Company, increasing its registered capital to 917,952,672 yuan and enhancing its engineering contracting capabilities[50]. - The company plans to continue expanding its business scope and innovate its operating model to provide high-quality services and projects[42]. - The company is focused on expanding both domestic and international markets, particularly in the petrochemical industry[110]. - The company aims to enhance its core competitiveness by integrating design and construction services, transitioning from E+PC to EPC models[110]. - The company will implement a strict quality control system for projects to ensure high standards and enhance brand value[110]. Research and Development - Research and development expenses increased by 64.67%, focusing on key technology issues to enhance core construction capabilities[63]. - Total R&D expenses amounted to ¥317,712,873.22, representing 4.20% of operating revenue[80]. - The number of R&D personnel is 1,022, accounting for 21.26% of total employees[80]. - The company holds 152 patents, including 41 invention patents, reflecting its commitment to technological innovation[54]. Internal Control and Compliance - The audit report issued by Sigma Accounting Firm was a standard unqualified opinion[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by the responsible persons[6]. - The company has no violations of decision-making procedures for providing guarantees[8]. - The company has no major accounting errors to correct, and no communication issues with previous auditors[163]. - The company has disclosed related party transactions, with significant amounts including RMB 136,694.66 for labor services provided by a group company[175]. Market Position and Competition - The company ranks 5th in total profit among member enterprises of the China Petroleum and Chemical Survey Design Association, leading the industry in overall ranking[51]. - The company is facing increased market pressure and competition in the domestic petrochemical construction industry, with expectations of continued oversupply in 2019[105]. - The company has committed to avoiding competition with its controlling shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd.[123]. - The company will supervise and restrict its related enterprises to prevent any competitive activities against the listed company[143]. Significant Contracts and Projects - The total contract amount for projects won by the company's subsidiaries was 11.6 billion yuan, with total operating income of 757,202.82 million yuan and a net profit of 34,804.01 million yuan during the reporting period[49]. - The company secured project contracts totaling 11.6 billion RMB during the reporting period, with 74 completed projects[59]. - The company signed a significant contract for the Fujian Cornell 400,000 tons/year MDI project worth 1.35 billion RMB[59]. - The company expanded its international market presence by signing a contract for a 2.2 million tons/year refinery project in Nigeria valued at 49.29 million USD[59]. Corporate Governance - The company has committed to ensuring the independence of its financial operations and will not share bank accounts with other controlled enterprises[134]. - The company guarantees that it will not interfere with the agricultural group's business activities beyond exercising shareholder rights[134]. - The company will maintain a complete and independent organizational structure for its operations[134]. - The company has pledged to compensate for any losses incurred by the listed company due to violations of its commitments[134].
陕建股份(600248) - 2019 Q1 - 季度财报
2019-04-25 16:00
2019 年第一季度报告 公司代码:600248 公司简称:延长化建 陕西延长石油化建股份有限公司 2019 年第一季度报告 1 / 23 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 23 2019 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 未出席董事情况 未出席董事姓名 未出席董事职务 未出席原因的说明 被委托人姓名 卫洁 董事 出差 张来民 1.3 公司负责人高建成、主管会计工作负责人何昕及会计机构负责人(会计主管人员)赵伟保证 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 | --- | --- | --- | --- | --- | |------------------------------------ ...
陕建股份(600248) - 2018 Q3 - 季度财报
2018-10-25 16:00
2018 年第三季度报告 公司代码:600248 公司简称:延长化建 陕西延长石油化建股份有限公司 2018 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 2018 年第三季度报告 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 公司负责人高建成、主管会计工作负责人何昕及会计机构负责人(会计主管人员)赵伟保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 单位:元 币种:人民币 | 项目 | 本期金额 | | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | --- | | | (7-9 | 月) | (1-9 月) | | | 非流动资产处置损益 | | 299,42 ...
陕建股份(600248) - 2018 Q2 - 季度财报
2018-08-16 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,979,773,094.29, representing a 19.29% increase compared to CNY 1,659,670,933.80 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 64,448,636.19, a 3.85% increase from CNY 62,061,109.66 in the previous year[20]. - The total profit amounted to CNY 77.28 million, with a net profit attributable to shareholders of CNY 64.45 million, reflecting a growth of 3.85% compared to the previous year[34]. - Basic earnings per share for the first half of 2018 were CNY 0.1047, up 3.87% from CNY 0.1008 in the same period last year[21]. - The company achieved operating revenue of CNY 1.98 billion, a year-on-year increase of 19.29%[36]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -209,549,492.97, a significant decrease compared to CNY 4,446,856.98 in the same period last year, reflecting a decline of 4,812.31%[20]. - The company reported a net cash flow from operating activities of -CNY 209.55 million, a decrease from 4,446,856.98 RMB in the previous period, indicating a significant decline in operational performance[95]. - The total cash and cash equivalents decreased by 245,517,019.70 RMB during the period, compared to a decrease of 14,949,287.29 RMB in the previous period[96]. - The ending balance of cash and cash equivalents was 754,353,522.57 RMB, down from 999,870,542.27 RMB at the beginning of the period[96]. - The company reported a significant reduction in cash reserves, which may impact liquidity and operational flexibility moving forward[81]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,349,391,954.52, down 3.53% from CNY 5,545,320,264.64 at the end of the previous year[20]. - The company's current assets totaled RMB 4,551,689,645.22, down from RMB 4,713,192,798.91 at the start of the period, indicating a decline of approximately 3.0%[81]. - Total liabilities decreased from CNY 3,494,300,625.32 to CNY 3,260,021,623.63, a reduction of approximately 6.7%[83]. - The total equity at the end of the period was CNY 2,089,370,330.89, showing a growth from the previous year's total equity of CNY 1,926,658,151.31[102]. - The accounts receivable at the end of the period amounted to CNY 2,399,027,180.17, with a bad debt provision of CNY 358,552,979.66, representing a provision ratio of 14.95%[195]. Business Operations and Strategy - The company’s main business includes engineering contracting, equipment manufacturing, and material sales, with no significant changes reported during the period[24]. - The company has expanded its material procurement and distribution business to two-thirds of provinces in China, with some operations extending overseas[24]. - The company is expanding its business model to include BT, BOT, and PPP models, aiming to enhance its competitiveness and profitability[26]. - The domestic construction industry is experiencing stable growth, supported by national strategies like "Made in China 2025" and regional integration initiatives[27]. - The company aims to enhance its market expansion efforts while maintaining a focus on quality and risk management[26]. Research and Development - Research and development expenses increased by 106.08% to CNY 70.85 million, driven by the promotion of new technologies and construction projects[37]. - The company holds 14 invention patents and 40 utility model patents, reflecting its commitment to technological innovation[29]. - The company is actively pursuing new product and technology research, with a dedicated research center for efficient hydrocarbon utilization[61]. Risk Management - The company has identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk[44]. - The company plans to enhance industry economic research and expand overseas markets to mitigate industry risk[44]. - The company will implement measures to control funding risk by assessing project bids and requiring third-party guarantees[44]. - The company has implemented measures to mitigate owner credit risk, including pre-bid investigations and establishing a blacklist for owners with poor credit status[45]. Shareholder and Corporate Governance - The company did not propose any profit distribution or capital reserve increase for the half-year period[49]. - The company held two shareholder meetings during the reporting period, both of which complied with legal and regulatory requirements[48]. - The company has committed to ensuring sufficient cash dividends are distributed when the consolidated financial statements show positive undistributed profits[54]. - The total number of ordinary shareholders at the end of the reporting period was 26,197[71]. Environmental and Social Responsibility - The company has established an environmental protection management system to promote green construction and minimize negative environmental impacts[67]. - The company’s LNG emergency reserve station project was recognized as a green construction demonstration project in Shaanxi Province[67]. - The company has implemented measures to prevent dust, noise, water, and solid waste pollution at construction sites[67]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations for the next 12 months[117]. - The company adheres to the accounting policies and estimates related to bad debt provisions, fixed asset depreciation, intangible asset amortization, and revenue recognition[118]. - The company recognizes engineering project revenue based on the percentage of completion method when the total revenue and completion degree can be reliably estimated[171]. - The company assesses impairment losses on financial assets at each balance sheet date, with specific methods for different categories of receivables[134].
陕建股份(600248) - 2018 Q1 - 季度财报
2018-04-26 16:00
1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2018 年第一季度报告 2018 年第一季度报告 公司代码:600248 公司简称:延长化建 陕西延长石油化建股份有限公司 2018 年第一季度报告 3 / 17 1.2 未出席董事情况 未出席董事姓名 未出席董事职务 未出席原因的说明 被委托人姓名 魏经涛 独立董事 出差 田进 卫洁 董事 出差 张来民 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。 1.3 公司负责人高建成、主管会计工作负责人何昕及会计机构负责人(会计主管人员)赵伟保证 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 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) ...