Financial Performance - In 2019, the net profit attributable to shareholders was CNY 1,602,164,667.12, after deducting the surplus reserve of CNY 215,726,952.06 and distributing CNY 679,397,497.00 as dividends for 2018[5]. - The company's operating revenue for 2019 was approximately ¥14.04 billion, an increase of 8.81% compared to ¥12.90 billion in 2018[26]. - The net profit attributable to shareholders for 2019 was approximately ¥1.60 billion, a decrease of 8.12% from ¥1.74 billion in 2018[26]. - The net cash flow from operating activities for 2019 was approximately ¥4.07 billion, down by 1.63% from ¥4.14 billion in 2018[26]. - The total assets at the end of 2019 were approximately ¥48.62 billion, a slight increase of 0.58% from ¥48.34 billion at the end of 2018[26]. - The net assets attributable to shareholders at the end of 2019 were approximately ¥15.95 billion, reflecting a growth of 5.22% from ¥15.16 billion at the end of 2018[26]. - The basic earnings per share for 2019 was ¥0.2361, a decrease of 15.59% compared to ¥0.2797 in 2018[27]. - The diluted earnings per share for 2019 was also ¥0.2361, showing the same percentage decrease of 15.59% from the previous year[27]. - The weighted average return on equity for 2019 was 10.38%, down by 2.18 percentage points from 12.56% in 2018[27]. - The company reported a net profit excluding non-recurring gains and losses of approximately ¥1.70 billion for 2019, a slight decrease of 0.34% from ¥1.71 billion in 2018[26]. Dividend Policy - The total amount available for distribution in 2019 was CNY 6,640,892,067.44, which includes the beginning undistributed profits of CNY 5,933,851,849.38[5]. - The company plans to continue its profit distribution policy, ensuring that cash dividends to ordinary shareholders are no less than 30% of the average annual distributable profits over the last three years[5]. - Over the past three years, the total cash dividend distributed amounted to CNY 1,121,248,077.91, representing 84.07% of the average annual net profit attributable to shareholders[6]. - The company has not proposed any stock dividends or capital reserve transfers for 2019, with remaining undistributed profits carried forward to future years[7]. - The company emphasizes compliance with regulations regarding cash dividends to protect the interests of investors, especially minority shareholders[5]. Risk Management and Compliance - There were no non-operating fund occupations by controlling shareholders or related parties reported[9]. - The company has detailed potential risks in its annual report, particularly in the section discussing future development[9]. - The audit report for the financial statements was issued by Da Hua Certified Public Accountants, confirming the accuracy and completeness of the financial report[4]. - The company aims to strengthen risk management, particularly in liquidity management, to mitigate impacts from low oil prices and market demand fluctuations[37]. Operational Developments - The company has invested in a 1.5 million Nm³/d LNG project in the Jimunai area, enhancing its LNG production capacity[16]. - The Hami coal chemical project is expected to produce 1.2 million tons of methanol and 800,000 tons of dimethyl ether annually, along with 500 million cubic meters of LNG[16]. - The company is developing a 1.2 million tons/year coal tar hydrogenation project, with an initial phase capacity of 600,000 tons/year[16]. - The company plans to establish a logistics distribution base in Ningxia Zhongwei, further expanding its market reach[16]. - The company is collaborating with Jiuquan Steel Group to invest in a clean utilization project for coal grading and quality improvement[16]. - The company is also working on a Kazakhstan LNG integrated clean energy project, aiming to enhance its international presence[16]. - The company reported a significant focus on clean energy projects, including a 1 million tons/year coal grading and quality improvement project in Hami[16]. - The company is developing a 400,000 tons/year ethylene glycol project utilizing waste gas, showcasing its commitment to sustainable practices[16]. - The company has established a comprehensive utilization project for waste gas, further diversifying its product offerings[16]. Market and Sales Strategy - The company’s stock is listed on the Shanghai Stock Exchange under the ticker 600256, previously known as Guanghui Shares[23]. - The company reported a quarterly revenue of CNY 4.21 billion in Q4 2019, marking a significant increase compared to previous quarters[29]. - The net cash flow from operating activities for Q4 2019 was CNY 1.59 billion, indicating strong cash generation capabilities[29]. - The company achieved a historical high in total product output, particularly in the coal chemical sector, driven by technological improvements and operational efficiency[33]. - The company plans to enhance its market analysis and strategic execution to improve economic efficiency and transform into a comprehensive service provider in the energy sector[36]. - The company has implemented innovative sales models to increase product sales volume, particularly in the natural gas segment[33]. - The company aims to stabilize the Central Asian market and actively explore the North American market as part of its strategic development direction under the "Belt and Road" initiative[41]. - The company is focused on enhancing leadership effectiveness and execution capabilities across all levels of management[38]. Environmental and Technological Innovations - The company is committed to improving safety and environmental management as a core operational focus for 2020[34]. - The company has implemented a comprehensive internal control system and governance structure to ensure effective management and risk prevention[45]. - Guanghui Energy's coal chemical projects incorporate advanced environmental technologies, achieving a sulfur recovery rate exceeding 99.2% and a desulfurization rate greater than 99.8%[49]. - The company is actively involved in the construction of LNG refueling stations to support the growth of natural gas utilization[137]. - The company is investing in research and development to drive innovation in its product offerings, particularly in the field of environmental protection technologies[150]. Future Outlook and Strategic Goals - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]. - The company aims to increase the share of natural gas in the primary energy consumption structure to 10% by 2020 and 15% by 2030[137]. - The company is encouraged to pursue mergers and acquisitions in the coal and coal chemical sectors to enhance operational efficiency[137]. - The company has set a goal for 2020 to focus on "innovation breakthroughs and quality improvement" as part of its operational strategy[191]. - The company is exploring market expansion opportunities through the introduction of advanced technologies and new product lines[151].

2019 年年度报告 公司代码：600256 公司简称：广汇能源 广汇能源股份有限公司 2019 年年度报告 1 / 352 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、 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。 二、 公司全体董事出席董事会会议。 三、 大华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人吴晓勇、主管会计工作负责人马晓燕及会计机构负责人（会计主管人 员）张婷声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经大华会计师事务所（特殊普通合伙）审计，2019年度归属于上市公司股东的净 利润1,602,164,667.12元，减提取盈余公积金215,726,952.06元，已分配2018年股利 679,397,497.00元，加年初未分配利润5,933,851,849.38元后，2019年累计可供分配 利润6,640,892,067.44元。 公司历来严格遵照《中国证监会上市公司现金分红的指导意见》 ...

公司代码：600256 公司简称：广汇能源 2019 年半年度报告 广汇能源股份有限公司 2019 年半年度报告 1 / 238 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事 | 王健 | 工作原因 | 林发现 | | 董事 | 刘常进 | 工作原因 | 吴晓勇 | | 独立董事 | 马凤云 | 工作原因 | 胡本源 | | 独立董事 | 潘晓燕 | 工作原因 | 孙积安 | 二、 未出席董事情况 三、 本半年度报告未经审计。 四、 公司负责人宋东升、主管会计工作负责人马晓燕及会计机构负责人（会计主管人员）张婷声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经 ...

Financial Performance - Revenue for the first nine months was CNY 9.29 billion, representing a growth of 99.96% year-over-year[7]. - Net profit attributable to shareholders surged by 451.40% to CNY 1.36 billion compared to the same period last year[7]. - Basic earnings per share rose by 374.42% to CNY 0.2244[7]. - The total operating revenue for Q3 reached ¥3,309,475,170.81, a significant increase of 64.6% compared to ¥2,008,006,321.95 in the same period last year[50]. - Operating profit for the period was ¥668,444,355.24, up 171.5% from ¥245,868,578.86 year-over-year[50]. - Net profit attributable to shareholders was ¥493,611,037.38, representing a 258.5% increase from ¥137,662,468.88 in Q3 of the previous year[51]. - The total comprehensive income for Q3 was ¥569,554,984.15, up from ¥115,085,117.36 year-over-year[51]. - The company reported a total profit of ¥669,975,451.98 for the quarter, compared to ¥227,235,982.06 in the same quarter last year, marking an increase of 194.5%[50]. Assets and Liabilities - Total assets increased by 10.13% to CNY 49.66 billion compared to the end of the previous year[6]. - Total liabilities increased to ¥32.69 billion from ¥30.52 billion, representing a growth of 7.1% year-over-year[45]. - Current liabilities totaled ¥18.33 billion, up from ¥16.63 billion, indicating a rise of 10.2%[45]. - Non-current liabilities amounted to ¥14.36 billion, compared to ¥13.89 billion, reflecting a 3.4% increase[45]. - The company’s total accounts receivable decreased by 48.41% to ¥236,243,297.34, primarily due to the collection of bank acceptance bills[12]. - The company’s cash and cash equivalents increased to RMB 3.95 billion from RMB 2.02 billion at the beginning of the year[43]. Cash Flow - Operating cash flow for the first nine months reached CNY 3.24 billion, a significant increase of 147.27% compared to the same period last year[6]. - Cash flow from operating activities for the first nine months of 2018 was ¥3,240,747,534.22, compared to ¥1,310,590,807.27 in the same period last year, marking an increase of approximately 147.5%[58]. - Cash inflow from financing activities totaled approximately $13.53 billion, up from $9.08 billion in the previous year, indicating a growth of about 48.5%[59]. - The net cash flow from investing activities was negative at -¥3,956,746,748.53, worsening from -¥1,279,564,427.97 in the same period last year[59]. Shareholder Information - The total number of shareholders reached 177,242 by the end of the reporting period[10]. - The largest shareholder, Xinjiang Guanghui Industrial Investment Group, holds 42.44% of the shares, with 1.72 billion shares pledged[10]. - The company has successfully completed a share placement, raising approximately RMB 3.86 billion with a subscription rate of 96.76%[36]. Production and Sales - LNG production from the company's two factories reached 88,457.65 million cubic meters, an increase of 14.18% year-on-year[19]. - The company reported a 51.82% increase in LNG sales, totaling 161,667.33 million cubic meters[19]. - The total production of coal in the first three quarters of 2018 reached 419.46 million tons, representing a year-on-year increase of 42.74%[26]. - The total sales volume of coal in the first three quarters of 2018 was 601.77 million tons, up 32.20% compared to the same period in 2017[26]. Investments and Projects - The company is expanding its terminal market with projects like the Yuyuan LNG receiving station and the Qitong natural gas pipeline[18]. - The Jiangsu Nantong Port LNG receiving station project is on track for trial operation in December 2018, with significant progress in construction and installation[28]. - The Xinhuixia 1.2 million tons/year crude aromatic hydrogenation project has completed 95% of civil construction and 90% of structural installation for the 600,000 tons/year hydrogenation unit[31]. - The company is advancing the environmental impact assessment and project application report for the coal-to-natural gas project with an annual capacity of 4 billion cubic meters[35]. Research and Development - Research and development expenses amounted to ¥3,312,447.12, slightly down from ¥3,616,081.55 year-over-year[50]. - Research and development expenses for the year-to-date period were reported at ¥6,826.95, indicating ongoing investment in innovation despite the overall financial losses[54].

Financial Performance - The net profit attributable to shareholders for the first three quarters of 2018 is expected to be between CNY 1,290 million and CNY 1,310 million, representing a growth of approximately 420% to 429% compared to the same period last year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between CNY 1,298 million and CNY 1,318 million, reflecting a growth of approximately 495% to 505% year-on-year[3]. - In the same period last year, the net profit attributable to shareholders was CNY 248.04 million, and the net profit after deducting non-recurring gains and losses was CNY 218.40 million[5]. - The company has not identified any significant uncertain factors that may impact the performance forecast[8]. - The financial data presented is preliminary and has not been audited by an accounting firm, with final figures to be disclosed in the company's third-quarter report[9]. Production and Sales - The company achieved a historical high monthly production data in July after the technical transformation and major repair of the Hami New Energy Plant, with daily production of various products significantly increased[7]. - The company’s coal sales volume increased by approximately 22% year-on-year, with active expansion into new sales regions[7]. - Domestic LNG prices increased by approximately 40% year-on-year, coal prices rose by about 20%, and methanol prices grew by approximately 25% compared to the previous year[7]. - The company’s LNG receiving station in Qidong ranked first in domestic LNG receiving station turnover efficiency, contributing stable profits[7].

Financial Performance - The company reported a net profit attributable to shareholders of 655,383,993.59 yuan for the year 2017, with a basic earnings per share of 0.1255 yuan[7]. - A cash dividend of 0.5 yuan (including tax) per 10 shares was distributed, totaling 336,855,163.50 yuan (including tax) for the year 2017[7]. - The company’s total distributable profit for shareholders as of 2017 was 4,656,711,789.23 yuan[7]. - The company's operating revenue for the first half of 2018 reached ¥5,985,228,952.46, representing a 126.68% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥867,192,843.16, a significant increase of 694.67% year-on-year[22]. - Basic earnings per share rose to ¥0.1514, reflecting a 624.40% increase compared to the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥852,352,361.08, reflecting a growth of 1154.84% year-on-year[65]. - The company's total assets at the end of the reporting period were ¥47,283,615,966.63, a 4.86% increase from the end of the previous year[22]. - The net cash flow from operating activities was ¥1,548,018,491.92, marking a 174.85% increase year-on-year[22]. Operational Developments - Guanghui Energy reported a production capacity of 1.5 million Nm3/d for its LNG projects in Jimunai and Shanshan[14]. - The company is developing a coal-to-gas project with an annual capacity of 4 billion cubic meters in the Zhungar Basin[14]. - Guanghui Energy's methanol production capacity is projected to reach 1.2 million tons annually, alongside 800,000 tons of dimethyl ether and 500 million cubic meters of LNG[14]. - The company is involved in a clean coal utilization project with a capacity of 1 million tons per year in Hami[14]. - Guanghui Energy has established a logistics distribution base for LNG in Ningxia Zhongwei, enhancing its market reach[14]. - The company is collaborating on a key technology development project for clean coal utilization with CITIC Heavy Industries and Shanxi Chemical Design Institute[14]. Market Strategy - The company aims to expand its market presence in North America while stabilizing its operations in Central Asia as part of its strategic development direction[28]. - The company has established a complete and supporting full industrial chain layout in the energy sector, enhancing its market competitiveness[29]. - The company is actively implementing measures to secure LNG sources through self-owned oil and gas fields and coal chemical production[32]. - The company has established long-term strategic partnerships with major coal-consuming enterprises, ensuring stability in coal sales despite overall market price declines[39]. Environmental and Social Responsibility - The company has committed to ensuring safety and environmental protection in its operations, aiming for "zero accidents" in safety and environmental work[105]. - The company has engaged in various poverty alleviation programs, including education and health initiatives, achieving significant results[139]. - The company has invested in local employment and economic development as part of its corporate social responsibility initiatives[137]. - The company has implemented targeted assistance strategies to address the specific needs of impoverished households in the region[138]. - The company has cumulatively donated 1,623,500 RMB to poverty alleviation projects in the Jimunai County from 2010 to 2018[143]. Legal and Compliance Issues - The company has ongoing significant litigation matters, including a case involving a coal purchase contract with a claim amount of RMB 93,602,087.50[114]. - The company is involved in a legal dispute with Guizhou Aluminum, seeking a total of CNY 34,430,000 in compensation for breach of contract[115]. - The company has initiated arbitration proceedings regarding a claim for CNY 22,110,400 against a coal supplier for unpaid dues[115]. - The company is actively managing its legal risks and financial liabilities, with ongoing litigation and arbitration affecting its financial outlook[117]. Shareholder and Capital Structure - The total number of shares increased to 6,737,103,270 after a successful rights issue, with 1,515,678,586 shares issued, representing a 96.76% subscription rate[184]. - The largest shareholder, Xinjiang Guanghui Industrial Investment Group, holds 2,859,248,356 shares, accounting for 42.44% of total shares[187]. - The company has not reported any significant accounting errors or changes in accounting policies during the reporting period[181]. - The company appointed Wu Xiaoyong as a director on February 23, 2018, and Zhou Jiangyu as an employee supervisor on February 1, 2018[195]. Risk Factors - The company faces risks from regulatory changes and tax policies that may affect its operational performance, as the government is actively reforming tax policies related to the energy sector[104]. - The LNG industry is experiencing increased competition and a slowdown in natural gas demand growth due to falling international oil and coal prices, which may reduce the company's market share and profitability[104]. - The company is exposed to product price volatility risks, as the sales prices of coal, natural gas, and other energy products are affected by global economic conditions and supply-demand dynamics[105].