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].

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].

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 | --- | --- | --- | --- | --- | |------------------------------------ ...

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 ...

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].

[Important Notes](index=3&type=section&id=I.%20Important%20Notes) [Report Authenticity and Completeness](index=3&type=section&id=1.1%20Report%20Authenticity%20and%20Completeness) Management guarantees the authenticity, accuracy, and completeness of this unaudited Q1 report and its financial statements - Management guarantees the authenticity, accuracy, and completeness of the quarterly report and financial statements[4](index=4&type=chunk)[5](index=5&type=chunk) - The company's **first quarter 2018 report is unaudited**[5](index=5&type=chunk) - Independent Director Wei Jingtao and Director Wei Jie did not attend the board meeting due to business travel[7](index=7&type=chunk) [Company Profile](index=3&type=section&id=II.%20Company%20Profile) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) The company achieved significant growth in Q1 2018 revenue and net profit, but total assets declined and operating cash outflow increased Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior-Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 670,107,575.15 | 504,270,543.95 | 32.89% | | Net Profit Attributable to Shareholders (RMB) | 22,183,695.89 | 15,169,821.67 | 46.24% | | Net Profit Attributable to Shareholders (Non-recurring Items Excluded) (RMB) | 22,200,536.87 | 13,461,534.41 | 64.92% | | Basic Earnings Per Share (RMB/Share) | 0.0360 | 0.0246 | 46.34% | | Weighted Average Return on Equity (%) | 1.08% | 0.78% | Increased by 0.30 p.p. | | Net Cash Flow from Operating Activities (RMB) | -144,690,400.09 | -75,700,601.55 | N/A | Key Asset and Liability Indicators as of Q1 2018 End | Indicator | End of Current Period | End of Prior Year | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 5,043,323,718.09 | 5,545,320,264.64 | -9.05% | | Net Assets Attributable to Shareholders (RMB) | 2,072,403,203.48 | 2,051,019,639.32 | 1.04% | - Total non-recurring gains and losses for the period were **RMB -16,840.98**, mainly from non-current asset disposal and other non-operating income/expenses[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=2.2%20Shareholder%20Information) The company had 28,252 shareholders, with Shaanxi Yanchang Petroleum (Group) as the controlling shareholder holding a 53.03% stake - As of the end of the reporting period, the total number of common shareholders was **28,252**[10](index=10&type=chunk) Top 5 Shareholders | Shareholder Name | Shareholding | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Shaanxi Yanchang Petroleum (Group) Co., Ltd. | 326,570,199 | 53.03 | State-owned Legal Person | | Shaanxi Yanhua Engineering Construction Co., Ltd. | 12,520,326 | 2.03 | State-owned Legal Person | | Shaanxi High-tech Industry Investment Co., Ltd. | 8,770,000 | 1.42 | State-owned Legal Person | | Yu Mingzhi | 6,388,000 | 1.04 | Domestic Natural Person | | Yangling Agricultural University Agricultural Science and Technology Development Co., Ltd. | 6,142,500 | 1.00 | State-owned Legal Person | - The controlling shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., is related to its wholly-owned subsidiary, Shaanxi Yanhua Engineering Construction Co., Ltd; Yangling Agricultural University Agricultural Science and Technology Development Co., Ltd. and Yangling Agricultural University Kefei Agricultural Science and Technology Development Center are parties acting in concert[11](index=11&type=chunk) [Significant Matters](index=5&type=section&id=III.%20Significant%20Matters) [Significant Changes in Key Financial Statement Items and Indicators](index=5&type=section&id=3.1%20Significant%20Changes%20in%20Key%20Financial%20Statement%20Items%20and%20Indicators) Significant financial fluctuations occurred, including increased revenue and costs, a sharp drop in financial expenses, and a larger operating cash outflow Significant Changes in Income Statement and Cash Flow Statement Items | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 32.89 | Increase in completed engineering volume | | Operating Costs | 32.95 | Increased cost inputs corresponding to higher engineering volume | | Financial Expenses | -83.64 | Increased interest income due to larger cash holdings | | Asset Impairment Loss | 88.30 | Increased provision for bad debts due to aging of accounts receivable | | Net Profit | 46.24 | Revenue growth outpaced total cost growth | | Net Cash Flow from Operating Activities | -91.14 | Increased payments for outstanding payables during the period | Significant Changes in Balance Sheet Items | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | -32.49 | Settlement of advance payments for purchases per contracts | | Notes Payable | -37.88 | Maturity and payment of notes | | Employee Benefits Payable | -39.81 | Payment of prior-year performance bonuses to employees | [Appendix](index=6&type=section&id=IV.%20Appendix) [Financial Statements](index=6&type=section&id=4.1%20Financial%20Statements) This appendix contains the unaudited Q1 2018 consolidated and parent company financial statements [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) Total assets were RMB 5.04 billion, a 9.05% decrease from the beginning of the year, while total liabilities fell by 15.0% Key Consolidated Balance Sheet Items (Unit: RMB) | Item | Period-End Balance | Beginning-of-Year Balance | | :--- | :--- | :--- | | Total Assets | 5,043,323,718.09 | 5,545,320,264.64 | | Total Liabilities | 2,970,920,514.61 | 3,494,300,625.32 | | Total Equity Attributable to Parent Company | 2,072,403,203.48 | 2,051,019,639.32 | [Consolidated Income Statement](index=11&type=section&id=Consolidated%20Income%20Statement) Q1 2018 total operating revenue reached RMB 670 million, a 32.89% YoY increase, with net profit growing 46.24% Key Consolidated Income Statement Items (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 670,107,575.15 | 504,270,543.95 | | Total Operating Costs | 644,540,982.79 | 488,509,685.48 | | Operating Profit | 26,121,176.43 | 17,647,769.94 | | Net Profit | 22,183,695.89 | 15,169,821.67 | | Basic Earnings Per Share (RMB/Share) | 0.0360 | 0.0246 | [Consolidated Statement of Cash Flows](index=14&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Net cash outflow from operating activities widened to RMB 145 million in Q1 2018, primarily due to increased payments for goods and services Key Consolidated Cash Flow Statement Items (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -144,690,400.09 | -75,700,601.55 | | Net Cash Flow from Investing Activities | -692,925.10 | -7,862,667.25 | | Net Cash Flow from Financing Activities | 0.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -145,383,325.19 | -83,563,268.80 | [Parent Company Financial Statements](index=9&type=section&id=Parent%20Company%20Financial%20Statements) The parent company recorded a net loss of RMB 1.88 million in Q1 2018, with total assets of RMB 1.20 billion - The parent company's net profit for Q1 2018 was **RMB -1,877,592.43**, compared to a profit of RMB 829,966.01 in the prior-year period[27](index=27&type=chunk) - The parent company's total assets amounted to **RMB 1.20 billion**, with long-term equity investments of RMB 1.05 billion accounting for approximately 87.4%[22](index=22&type=chunk) [Audit Report](index=17&type=section&id=4.2%20Audit%20Report) This quarterly financial report has not been audited - The audit report is not applicable as this quarterly report is **unaudited**[33](index=33&type=chunk)

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 134,144,966.81, representing a 9.22% increase compared to RMB 122,816,514.83 in 2016[5]. - Total operating revenue for 2017 was RMB 3,893,912,948.58, reflecting a 7.40% growth from RMB 3,625,721,059.24 in the previous year[21]. - The basic earnings per share increased to RMB 0.2178, up 9.23% from RMB 0.1994 in 2016[23]. - The company's net assets attributable to shareholders rose to RMB 2,051,019,639.32, a 6.45% increase from RMB 1,926,658,151.31 at the end of 2016[21]. - Cash flow from operating activities showed a significant improvement, reaching RMB 543,327,993.14 compared to RMB 4,264,538.35 in 2016[21]. - The company reported a net profit after deducting non-recurring gains and losses of RMB 128,171,629.55, a 6.53% increase from RMB 120,311,731.35 in 2016[21]. - The company secured contracts worth 36.30 billion yuan during the reporting period, with a total bid amount of 60.23 billion yuan[35]. - The company reported a significant increase in investment income, totaling 33,863.34 million RMB, compared to 23,500.00 million RMB in the previous period, marking a growth of approximately 44.2%[186]. Revenue Breakdown - The engineering contracting business accounted for 83.02% of total revenue, generating approximately ¥3.22 billion during the reporting period[29]. - Material sales contributed approximately ¥496.76 million, representing 12.82% of total revenue, with a year-on-year decrease in material inventory costs by 11.93%[29]. - Equipment manufacturing revenue was approximately ¥126.48 million, accounting for 3.26% of total revenue, with 500 units delivered during the year[30]. - Non-destructive testing and technical services generated approximately ¥35.04 million, making up 0.90% of total revenue, with the company achieving provincial "High-tech Enterprise" certification[30]. Market and Industry Outlook - The overall market for the petrochemical industry remains competitive, with cautious fixed asset investment impacting profit margins[33]. - The outlook for 2018 indicates continued challenges in the petrochemical industry, with opportunities arising from initiatives like the "Belt and Road" strategy[35]. - The company aims to enhance its market share in non-petrochemical sectors and emerging markets, leveraging the "Belt and Road" initiative[78]. Risk Management - The company identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk[80][81][82][83]. - The company plans to enhance industry economic research and adjust development strategies to mitigate industry risks[80]. - To address funding risks, the company will conduct thorough assessments of project bids and the creditworthiness of owners[81]. - The company aims to strengthen safety management and emergency response systems to reduce safety production risks[82]. - The accounts receivable management includes a dedicated team responsible for tracking and recovering overdue payments, ensuring accountability through performance assessments[83]. Corporate Governance and Management - The company has maintained a strong governance structure with independent directors actively participating in board decisions[137]. - The leadership team includes individuals with backgrounds in both public and private sectors, which may provide a competitive advantage in strategic decision-making[136]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements[147]. - The company has established a mechanism for evaluating and incentivizing senior management, which was strictly implemented in 2017[155]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 28,110, an increase from 27,916 at the end of the previous month[122]. - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., held 326,570,199 shares, representing 53.03% of total shares[124]. - The top ten shareholders collectively held a significant portion of the company's shares, with the largest three shareholders alone holding over 55%[124]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥543,327,993.14 from ¥4,264,538.35, a change of ¥539,063,454.79[60]. - The company maintained a strong liquidity position with a current ratio of approximately 1.35, indicating sufficient short-term assets to cover liabilities[175]. - The total cash and cash equivalents at year-end stood at ¥1,092,278.83, down from ¥1,870,029.72 at the beginning of the year[193]. Project Management and Execution - The company completed 21 projects in 2017, maintaining a 100% contract fulfillment rate[40]. - The company has 40 ongoing projects with a total value of ¥439,782.23 million, indicating continued growth in project pipeline[67]. - The company confirmed revenue of ¥38,883.39 million from a major project during the reporting period, with cash receipts of ¥37,300.00 million[66]. Research and Development - Research and development expenses amounted to CNY 157.14 million, reflecting a growth of 6.96% year-on-year[47]. - The number of R&D personnel was 599, making up 16.78% of the total workforce[58]. - New product development initiatives are underway, focusing on advanced non-destructive testing technologies[107].

一、 重要提示 2017 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 2017 年第三季度报告 1 / 20 | 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 | 8 | 2017 年第三季度报告 | 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 | | --- | --- | --- | --- | | 贺伟轩 | 董事 | 出差 | 高建成 | | 卫洁 | 董事 | 出差 | 高建成 | | 万玉龙 | 独立董事 | 出差 | 田进 | | 魏经涛 | 独立董事 | 出差 | 田进 | 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。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,659,670,933.80, representing a 24.28% increase compared to CNY 1,335,454,371.18 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 62,061,109.66, up 13.06% from CNY 54,890,856.37 in the previous year[17]. - The basic earnings per share for the first half of 2017 was CNY 0.1008, reflecting a 13.13% increase from CNY 0.0891 in the same period last year[18]. - The total profit amounted to 69.51 million RMB, with a net profit attributable to shareholders of 62.06 million RMB, an increase of 32.4 million RMB year-on-year[33]. - The gross profit margin improved due to enhanced project cost management, contributing to the overall profit increase[33]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 98.35%, amounting to CNY 4,446,856.98 compared to CNY 268,980,809.42 in the same period last year[17]. - Operating cash flow decreased significantly by 98.35%, totaling 4.45 million RMB, primarily due to increased cash payments for goods[35]. - The ending balance of cash and cash equivalents decreased to CNY 460,654,282.39 from CNY 748,426,480.17, indicating a decline in liquidity[87]. - The company reported a net cash increase of CNY 4,726,642.51 for the period, compared to CNY 1,190,269.30 in the previous period[90]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,417,959,332.48, a slight decrease of 0.19% from CNY 5,428,109,964.90 at the end of the previous year[17]. - The company's net assets attributable to shareholders increased by 2.79% to CNY 1,980,411,362.01 from CNY 1,926,658,151.31 at the end of the previous year[17]. - Current liabilities totaled CNY 3,434,552,515.14, down from CNY 3,498,398,553.06, indicating a reduction of approximately 1.83%[73]. - Total liabilities decreased to CNY 3,437,547,970.47 from CNY 3,501,451,813.59, indicating a decline of approximately 1.82%[74]. Business Operations - The company engaged in various engineering contracting businesses, including oil, chemical, natural gas, and aerospace projects, with no significant changes in its main business during the reporting period[22]. - The company has no significant changes in its major business operations and continues to focus on engineering construction and equipment manufacturing[22]. - The company aims to expand its domestic and international market presence, focusing on municipal public works, civil construction, and infrastructure projects[25]. - The company has a mature project management system and has implemented 14 measures to increase revenue and reduce costs[30]. Risk Management - The company has implemented comprehensive risk management strategies to address both external and internal risks[39]. - The company identified six major risks: industry risk, funding risk, policy risk, owner credit risk, safety production risk, and accounts receivable risk[40][41][42]. - The company plans to enhance industry economic research and adjust development strategies to mitigate industry risk[40]. - To address funding risk, the company will conduct thorough research on bidding documents and assess the creditworthiness of owners[41]. Related Party Transactions - The company reported a total revenue of 6,384,928.80 CNY from logistics services and 2,800,000 CNY from medical services, totaling 9,184,925.80 CNY in related party transactions[52]. - The company highlighted that related party transactions with 延长集团 help consolidate its market share in Shaanxi province[54]. - The company emphasized that all related party transactions were conducted through public bidding at market prices, ensuring independence[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,570[62]. - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holds 326,570,199 shares, representing 53.03% of total shares[64]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[45]. Compliance and Governance - The company is committed to adhering to legal procedures and maintaining transparency in related party transactions[46]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing for the company[50]. - The company has not reported any non-standard audit reports during the audit period, reflecting a clean financial audit[49]. Research and Development - The company has a strong competitive advantage in technology research and development, with 46 patents, including 13 invention patents[28]. - Research and development expenses decreased by 25.29% to 34.38 million RMB, reflecting a reduction in new technology application projects[35]. Employee and Talent Development - The company has a workforce of over 700 in its technology innovation team, including 436 personnel with intermediate or higher technical titles[28]. - The company has a strong emphasis on talent development, with 148 project managers trained, including 10 A-level project managers[30].

Financial Performance - Operating revenue increased by 2.72% to CNY 504,270,543.95 year-on-year[6] - Net profit attributable to shareholders decreased by 30.42% to CNY 13,461,534.41 compared to the same period last year[6] - Net profit for Q1 2017 was 15,169,821.67, a decrease of 22.52% compared to the previous period[13] - Total operating revenue for Q1 2017 was CNY 504,270,543.95, an increase of 2.8% compared to CNY 490,900,776.83 in the same period last year[27] - Total operating costs for Q1 2017 amounted to CNY 488,509,685.48, up from CNY 467,917,146.23, reflecting a year-on-year increase of 4.5%[27] - Net profit for Q1 2017 was CNY 15,169,821.67, a decrease of 22.4% from CNY 19,580,060.94 in the previous year[28] - The total comprehensive income for the period was CNY 829,966.01, a recovery from a loss of CNY 1,581,055.43 in the same quarter last year[30] - The company reported a net profit of CNY 829,966.01 for Q1 2017, a significant recovery from a net loss of CNY 1,581,055.43 in the same period last year, marking a turnaround of over 152%[29] Assets and Liabilities - Total assets decreased by 5.82% to CNY 5,112,306,127.11 compared to the end of the previous year[6] - The company's current assets totaled CNY 4,313,633,337.86, down from CNY 4,610,082,724.85, indicating a reduction of about 6.4%[20] - Total liabilities were reported at CNY 3,171,475,443.86, down from CNY 3,501,451,813.59, reflecting a decrease of approximately 9.4%[21] - The company's total assets as of March 31, 2017, were CNY 1,182,669,106.02, slightly down from CNY 1,182,683,067.82 at the beginning of the year[25] - The total liabilities as of March 31, 2017, were CNY 5,100,204.26, a decrease of 14.2% from CNY 5,944,132.07 at the beginning of the year[25] - The company's total equity as of March 31, 2017, was CNY 1,177,568,901.76, compared to CNY 1,176,738,935.75 at the beginning of the year, indicating a slight increase[25] Cash Flow - Cash flow from operating activities showed a significant decline of 135.12%, resulting in a net outflow of CNY 75,700,601.55[6] - Operating cash flow net amount was -75,700,601.55, a significant decline of 135.12% from the previous period, attributed to lower cash collection ratios[13] - The net cash flow from operating activities was negative at CNY -75,700,601.55, a decline from a positive cash flow of CNY 215,555,986.20 in the same quarter last year[32] - Investment cash flow net amount was -7,862,667.25, an increase of 142.21% due to higher cash outflows for equity purchases[13] - Investment activities resulted in a net cash outflow of CNY -7,862,667.25, compared to a net outflow of CNY -3,246,198.67 in the previous year[32] Shareholder Information - The number of shareholders reached 30,022 by the end of the reporting period[9] - The largest shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., holds 53.03% of the shares[9] - The company committed to ensuring that cash dividends are distributed when the consolidated financial statements show positive retained earnings at the end of each fiscal year[17] - The company plans to adjust its profit distribution policy based on operational conditions, investment plans, and long-term development needs, ensuring compliance with regulatory requirements[17] - The company will maintain communication with minority shareholders regarding any adjustments to the profit distribution policy, requiring a two-thirds majority approval at shareholder meetings[17] Expenses and Impairments - Financial expenses decreased by 35.62% to -1,767,848.06 due to reduced interest income from decreased fund stock[13] - Asset impairment losses increased by 112.12% to 3,292,142.91, reflecting higher provisions for bad debts[13] - The company incurred management expenses of CNY 1,150,546.23, down from CNY 1,580,117.58, indicating a reduction of about 27%[29] - The company reported a significant increase in financial expenses, with a cost of CNY -4,003.36 compared to CNY -673.08 in the previous year[31] Tax and Charges - The tax and additional charges decreased by 63.96% to CNY 3,741,308.66 due to changes in accounting standards[12] - The company reported a decrease in tax and additional charges from CNY 10,381,375.69 to CNY 3,741,308.66, a reduction of 64.0%[27]