Financial Performance - The net profit attributable to shareholders for the first half of 2018 is expected to be between 850 million and 870 million yuan, representing a growth of 674.81% to 693.04% 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 840 million and 860 million yuan, an increase of 1126.23% to 1155.43% year-on-year [3]. - The previous year's net profit attributable to shareholders was 109.70 million yuan, and the net profit after deducting non-recurring gains and losses was 68.50 million yuan [5]. Business Growth - The company's main business products, including natural gas, methanol, and coal, saw production and sales growth of approximately 10% to 40% compared to the same period last year [6]. - The LNG receiving station project in Jiangsu Qidong, which began trial production on June 4, 2017, has seen a significant increase in trade gas sales, with a growth rate of approximately 880% compared to the previous year [6]. Price Changes - The domestic LNG price increased by approximately 35% year-on-year, coal prices rose by about 10%, and methanol prices grew by around 16% [6].

Financial Performance - Operating revenue surged by 196.05% to CNY 3.31 billion from CNY 1.12 billion year-on-year[6] - Net profit attributable to shareholders increased by 1,650.80% to CNY 530.02 million compared to CNY 30.27 million in the same period last year[6] - Cash flow from operating activities rose significantly by 1,145.04% to CNY 950.27 million from CNY 76.32 million year-on-year[6] - Basic and diluted earnings per share both reached CNY 0.1015, up 1,650.00% from CNY 0.0058[6] - Operating revenue for the first quarter of 2018 was RMB 3,310,469,206.80, an increase of 196.05% compared to RMB 1,118,221,641.84 in the same period last year[13] - Operating profit for the quarter was CNY 713,966,757.79, compared to CNY 34,223,678.20 in the same period last year, indicating a substantial improvement[46] - Net profit attributable to shareholders of the parent company was CNY 530,024,603.97, up from CNY 30,273,228.15, reflecting a remarkable increase[46] Assets and Liabilities - Total assets increased by 1.67% to CNY 45.55 billion compared to the end of the previous year[6] - Total liabilities increased to CNY 30,712,566,030.42 from CNY 30,494,147,672.05, marking a rise of about 0.72%[42] - Current assets totaled CNY 4,505,572,731.32, slightly up from CNY 4,437,890,673.88, indicating a growth of approximately 1.5%[41] - The total equity attributable to shareholders of the parent company rose to CNY 12,115,778,729.57 from CNY 11,626,459,802.13, an increase of approximately 4.2%[42] Shareholder Information - The total number of shareholders reached 174,085 by the end of the reporting period[9] - The largest shareholder, Xinjiang Guanghui Industrial Investment Group, holds 42.44% of the shares, totaling 2,859,248,356 shares[9] - The total number of shareholders as of March 30, 2018, was affected by the completion of a rights issue, which resulted in changes to the shareholding structure[12] Cash Flow and Financing Activities - The company reported a total cash inflow from financing activities of CNY 2,030,041,795.52, compared to CNY 1,829,821,349.80 in the previous year[50] - The company incurred financial expenses of CNY 33,680,197.01 in Q1 2018, an increase from CNY 21,554,600.34 in the same period last year[49] - The company’s total cash outflow from financing activities was CNY 2,436,264,720.86, compared to CNY 2,600,637,002.64 in the previous year[50] Production and Sales - Domestic natural gas production reached 39.67 billion cubic meters, a year-on-year increase of 3.3%, while natural gas imports surged by 37.3% to 2.062 million tons[17] - The company’s self-produced gas volume increased by 44.41% and sales volume by 30.06% year-on-year[19] - Total production of methanol, LNG, and by-products reached 500,300 tons, a year-on-year increase of 48.81%, with sales increasing by 45.45%[20] - Coal sales volume reached 2,273,400 tons, a significant increase of 92.86% year-on-year, with iron sales increasing by 164.97%[22] Projects and Developments - Ongoing projects include the LNG distribution terminal at Nantong Port and the clean utilization project for coal, both of which are progressing as planned[24][25] - The Kazakhstan Zhaisan oil and gas development project has produced and transported 1.28 billion cubic meters of natural gas, contributing to stable cash flow[28] - The Honghui coal grading and clean utilization project has completed all construction approvals and is now in the trial production phase[29] - The company successfully completed a rights issue, with 1,515,678,586 shares subscribed, raising approximately RMB 3.86 billion, representing a subscription rate of 96.76%[34] Miscellaneous - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in this report[5] - The company reported a significant decrease in payable dividends, which fell by 80.66% to RMB 15,817,411.09 from RMB 81,800,065.45[13] - Other comprehensive income decreased by RMB 61,771,871.33, a decline of 91.84% primarily due to exchange rate fluctuations[13]

Financial Performance - The company reported a total annual revenue of 1.2 billion RMB for the year 2017, reflecting a growth of 15% compared to the previous year[22]. - The company's operating revenue for 2017 was approximately ¥8.14 billion, representing a 94.01% increase compared to ¥4.19 billion in 2016[23]. - Net profit attributable to shareholders reached approximately ¥655.38 million, a significant increase of 218.77% from ¥205.60 million in the previous year[23]. - Basic earnings per share for 2017 were ¥0.1255, up 218.53% from ¥0.0394 in 2016[24]. - The weighted average return on equity increased to 5.77%, up 3.91 percentage points from 1.86% in 2016[24]. - The net cash flow from operating activities for 2017 was approximately ¥2.46 billion, a 79.06% increase from ¥1.38 billion in 2016[23]. - The total assets at the end of 2017 were approximately ¥44.81 billion, reflecting a 3.40% increase from ¥43.33 billion at the end of 2016[23]. - The company reported a total revenue of 360.62 million and a net profit of 49.74 million, reflecting a strong performance in the coal chemical project engineering sector[167]. - The company’s financial performance indicates a strong operational capacity and a positive outlook for future growth[101]. Investor Relations - The company plans to continue implementing profit distribution after the completion of the share distribution project, ensuring investor rights are protected[5]. - The company emphasizes balancing short-term investor interests with long-term returns, focusing on sustainable development[5]. - The company has established a cash dividend policy to protect minority shareholders and enhance transparency in profit distribution[193]. - The company reported a net profit attributable to ordinary shareholders of RMB 655.38 million for 2017, with a cash dividend distribution plan not proposed due to ongoing share placement activities[194]. - In 2016, the company distributed a cash dividend of RMB 0.3 per 10 shares, representing 76.19% of the net profit attributable to ordinary shareholders[194]. - The company has committed to balancing short-term investor returns with long-term growth, indicating a focus on sustainable development[194]. Compliance and Audit - The company reported a standard unqualified audit opinion from Dahuacpa, confirming the accuracy and completeness of the financial report[5]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[7]. - The company has not encountered any situations that would lead to a risk of suspension or termination of its listing[199]. - The company has made changes to its accounting policies in accordance with the Ministry of Finance's revised standards, which will not affect its financial statements[197]. - The company has not reported any significant accounting errors that require correction[196]. - The company has engaged Da Hua Accounting Firm for the 2017 financial report audit, with an audit fee of RMB 2.4 million[198]. - The company has also appointed Da Hua Accounting Firm for internal control audits, with a fee of RMB 1.2 million[198]. Operational Developments - The LNG production capacity reached 1.5 million Nm3/d, with significant investments in new LNG projects in Xinjiang[12]. - The company plans to expand its coal-to-natural gas project in Xinjiang, targeting an annual output of 40 million cubic meters[12]. - A new clean refining project is under construction with a capacity of 10 million tons per year, aimed at enhancing coal utilization efficiency[12]. - The company is collaborating with CITIC Heavy Industries and Shanxi Chemical Design Institute on key technology development for clean coal utilization[12]. - The Kazakhstan LNG project is progressing, focusing on integrated clean energy solutions[12]. - The company aims to enhance its market presence through strategic acquisitions and partnerships in the energy sector[12]. - The company has set a target to increase its methanol production to 1.2 million tons annually by 2020[12]. - The company is actively pursuing new product development in the chemical sector, including a 120,000 tons/year hydrogenation project[12]. Market Trends and Strategy - The company is focusing on expanding its LNG business, with a pricing model based on market supply and demand[51]. - The company is implementing a dynamic pricing system and cost control measures to maintain economic stability amid falling coal prices[52]. - The company is pursuing a clean energy strategy, aiming to increase the proportion of clean energy in total energy consumption[53]. - The company is strategically positioned to benefit from the growing demand for natural gas, which is expected to increase due to its clean and efficient characteristics[70]. - The company is actively participating in the natural gas market, which is projected to become a major energy source in China by 2020[55]. - The company is focusing on modern coal chemical projects in the western region, leveraging local coal resources to fill market gaps and drive downstream development[60]. Environmental and Safety Initiatives - The company plans to enhance safety production and environmental protection awareness as a top priority for 2018[35]. - The company aims to reduce coal consumption by over 80 million tons and decrease emissions of pollutants significantly by 2020 as part of its environmental strategy[130]. - The company is focused on improving its environmental compliance and sustainability practices in line with national policies[130]. - The company has implemented a sulfur recovery process with a recovery rate exceeding 99.2% and a flue gas desulfurization rate greater than 99.8%[49]. - The company is leveraging advanced environmental protection technologies in its coal chemical projects to reduce production costs[49]. Risks and Challenges - The company faces industry cyclical risks, as the coal sector's performance is closely tied to national economic cycles and market supply-demand dynamics[181]. - Regulatory and tax policy risks are significant, as government oversight and potential changes in tax policies can impact operational performance[182]. - The company is responding to market competition risks, particularly in the coal and LNG sectors, where oversupply and price fluctuations are prevalent[185]. - The company has detailed potential operational risks in the annual report, highlighting the uncertainties in future performance[7]. Research and Development - Research and development expenses increased by 392.16% to RMB 13,975,315.86, driven by investments in technology upgrades and environmental improvements[104]. - The company is involved in various R&D innovations, including a new coal pyrolysis system and several advancements in rotary kiln technology[143][144]. - The company has applied for 7 additional patents in 2017, bringing the total to 51, focusing on key technologies and core equipment optimization[94]. - The company is currently constructing a project with a capacity of 5 billion cubic meters of liquefied natural gas[146]. Legal Matters - The company reported significant litigation and arbitration matters during the year[200]. - There were no bankruptcy reorganization matters applicable for the year[200]. - The company has disclosed ongoing litigation and arbitration cases that were not previously announced[200]. - The report indicates that there are no applicable bankruptcy reorganization matters for the current year[200].

Financial Performance - The net profit attributable to shareholders for Q1 2018 is expected to be between 500 million and 520 million yuan, representing a year-on-year growth of 1552% to 1618%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 514 million and 534 million yuan, an increase of 3752% to 3902% compared to the same period last year[2] Production and Pricing - The production of methanol and self-produced LNG increased by approximately 40% year-on-year, while the production of coal chemical by-products rose by over 50%[5] - Domestic LNG prices have doubled year-on-year due to supportive environmental policies, while coal prices increased by approximately 25% and methanol prices rose by about 15%[5] Project Development - The Jiangsu Qidong LNG receiving station project, which was under construction in the same period last year, has started contributing profits through LNG import trade[5]

Financial Performance - The company's net profit attributable to shareholders for 2017 is expected to increase by approximately 454.4 million yuan, representing a year-on-year growth of around 221%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by approximately 679.7 million yuan, showing a year-on-year growth of about 5550%[3] - The previous year's net profit attributable to shareholders was 205.6 million yuan, and the net profit after deducting non-recurring gains and losses was 12.2 million yuan[5] Market and Operational Factors - The increase in performance is primarily driven by stable production and rising prices of natural gas, methanol, and coal due to market recovery[7] - The company has successfully expanded its LNG international trade, contributing to new profit growth points[7] - The LNG distribution and transshipment station project in Nantong Port has been completed and is operational, enhancing the company's business scope[7] - The company has actively increased customer numbers and adjusted coal sales prices, resulting in significant growth in coal sales volume and prices[7] Performance Forecast - There are currently no identified uncertainties that could significantly impact the performance forecast[8] - The forecasted data is preliminary and subject to final audited financial results in the 2017 annual report[9]

Financial Performance - Operating revenue for the first nine months reached CNY 4.65 billion, a 62.05% increase year-on-year[6] - Net profit attributable to shareholders rose by 50.77% to CNY 248.04 million for the first nine months[6] - Basic earnings per share increased by 50.79% to CNY 0.0475[6] - The company reported a significant increase in net profit excluding non-recurring items, reaching CNY 218.40 million, compared to a loss of CNY 63.56 million in the previous year[6] - The company's total profit for the first three quarters of 2017 was ¥370,313,538.91, compared to ¥189,136,870.11 in the previous year, representing an increase of 96.1%[38] - The company's total comprehensive income for Q3 2017 was ¥115,754,336.87, compared to ¥97,867,959.84 in Q3 2016, reflecting an increase of 18.0%[39] - The net profit for the period was ¥729,318,191.32, compared to a net loss of ¥60,217,072.23 in Q3 2016, indicating a turnaround in profitability[41] Cash Flow - The net cash flow from operating activities increased by 10.45% to CNY 1.33 billion compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2017 was ¥1,327,002,609.60, an increase from ¥1,201,453,973.55 in the same period last year[44] - Net cash flow from operating activities was CNY 1,539,626,761.21, down 12.5% from CNY 1,760,774,393.16 year-on-year[49] - Cash inflow from financing activities was CNY 4,364,735,600.00, slightly down from CNY 4,795,692,691.43 year-on-year[50] - The net cash flow from financing activities was negative CNY 1,828,759,766.20, compared to negative CNY 1,756,397,893.98 in the same period last year[50] Assets and Liabilities - Total assets increased by 3.61% to CNY 44.89 billion compared to the end of the previous year[6] - Total liabilities increased to CNY 31.67 billion, up from CNY 30.33 billion year-on-year, representing a growth of 4.4%[34] - Current liabilities totaled CNY 18.24 billion, an increase of 6.9% compared to CNY 17.06 billion in the previous year[34] - Non-current liabilities amounted to CNY 13.43 billion, slightly up from CNY 13.27 billion, reflecting a growth of 1.2%[34] - Current assets increased to CNY 14.63 billion, up from CNY 13.73 billion, marking a growth of 6.5%[36] - The company's total equity increased to CNY 13.23 billion, compared to CNY 13.00 billion, reflecting a growth of 1.8%[34] Shareholder Information - The total number of shareholders reached 179,223 by the end of the reporting period[9] - The largest shareholder, Xinjiang Guanghui Industrial Investment Group, holds 42.12% of the shares, with 1.58 billion shares pledged[9] - The total amount of pledged shares by the controlling shareholder, Guanghui Group, reached 1,576,700,433 shares, accounting for 30.20% of the total share capital[12] Operational Highlights - The LNG production and sales volume increased by 21.73% year-on-year, with external gas sales surging by 154.25%[15] - The coal production volume for the first three quarters was 293.86 million tons, a significant increase of 128.51% year-on-year, while coal sales volume rose by 236.59%[19] - The company successfully commenced trial production of the 1,000,000 tons/year coal grading and clean utilization project, with all modifications completed[20] - The company initiated trial operations for the 24,000 tons/year DMDS and 10,000 tons/year DMSO project, achieving a DMDS product purity of 99.74%[21] Investment and Financing Activities - The company has completed the issuance of corporate bonds totaling 2 billion RMB, with the first phase of 520 million RMB issued at a coupon rate of 6.0%[30] - The company is focusing on energy supply-side structural reforms to enhance supply quality and efficiency, aligning with the "Innovation Breakthrough Year" strategy[16] - The company has confirmed the technical plan for the 2 million tons coal pyrolysis project in collaboration with Shanxi Chemical Design Institute[26] - The company has received approval for the public offering of shares, indicating a strategic move to enhance capital structure[29] Financial Expenses and Tax - Financial expenses increased by 41.54% to CNY 618,493,391.74, mainly due to higher interest and exchange losses[16] - The company reported a significant increase in income tax expenses, totaling CNY 155,073,744.68, reflecting a 189.07% rise due to increased total profits[16]

Financial Performance - The company expects a net profit attributable to shareholders for the first three quarters of 2017 to increase by 40-50% compared to the same period last year[3] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to grow by over 400% year-on-year[3] - The net profit for the same period last year was 164.5163 million yuan[4] Sales and Market Trends - The sales prices of methanol and coal chemical by-products have significantly increased compared to the previous year[4] - Both sales volume and sales prices of coal have shown year-on-year growth[4] Project Developments - The LNG distribution and transshipment station project at Lusi Port has officially commenced trial operations, providing a new profit growth point for the company's natural gas business[4] Financial Reporting and Risks - The financial data for Q3 2017 is preliminary and has not been audited by an accounting firm[5] - Investors are advised to pay attention to investment risks due to the preliminary nature of the reported data[5]

Financial Performance - The company achieved a net profit attributable to shareholders of 205,598,786.81 CNY for the year 2016, with basic earnings per share of 0.0394 CNY[4]. - A cash dividend of 0.3 CNY (pre-tax) per 10 shares was distributed, totaling 156,642,740.52 CNY[4]. - The total distributable profit for shareholders was 4,285,199,893.32 CNY based on a total share capital of 5,221,424,684 shares as of December 31, 2016[4]. - The company's operating revenue for the first half of the year reached CNY 2,640,390,848, representing a 43.66% increase compared to CNY 1,837,978,183 in the same period last year[19]. - Net profit attributable to shareholders was CNY 109,704,233.92, up 61.81% from CNY 67,798,473.78 year-on-year[19]. - Basic earnings per share rose to CNY 0.0210, a 61.54% increase from CNY 0.0130 in the same period last year[20]. - The company's net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 68,502,567.64, up 210.05% year-on-year[57]. - The company's operating revenue increased by 43.66% year-on-year to CNY 2.64 billion, driven by a recovery in the energy market and increased sales of purchased gas and coal[86]. Assets and Liabilities - The company's total assets increased by 1.95% to CNY 44,176,708,590.60 compared to CNY 43,332,669,907.93 at the end of the previous year[19]. - Total liabilities increased by 2.48% to CNY 31,080,191,789.35 from CNY 30,328,151,974.27[90]. - Total equity increased by 0.71% to CNY 13,096,516,801.25 from CNY 13,004,517,933.66[90]. - Cash and cash equivalents decreased by CNY 293,772,785.54, a decrease of 11.88% compared to the previous period[89]. - Accounts receivable increased by CNY 25,202,062.60, an increase of 6.97% compared to the previous period[89]. - Current liabilities rose by 10.54% to CNY 18,858,338,476.63 compared to CNY 17,059,785,367.61[90]. - Non-current liabilities decreased by 7.89% to CNY 12,221,853,312.72 from CNY 13,268,366,606.66[90]. Operational Risks and Governance - The company has detailed potential operational risks in the report, specifically in the section discussing operational conditions[6]. - The company has established a governance structure that includes a board of directors and various functional departments to ensure effective internal control and risk management[27]. - The board of directors and management have confirmed the accuracy and completeness of the financial report[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - There are no violations of decision-making procedures regarding external guarantees[6]. Strategic Initiatives and Market Position - The company plans to continue its focus on clean energy and logistics development as part of its strategic initiatives[10]. - The company has a diversified portfolio with multiple subsidiaries involved in various sectors including natural gas, logistics, and clean energy[10]. - The company is actively involved in various LNG projects, including the construction of LNG logistics transfer stations in Jiangsu and Ningxia[19]. - The company aims to expand its market share in the natural gas sector, leveraging the increasing demand for cleaner energy sources[51]. - The company is committed to developing a full industry chain operation model for energy development, focusing on the "Four Threes Project" for future strategic growth[25]. Legal and Compliance Matters - There are no significant litigation or arbitration matters reported for the company during the reporting period[113]. - The company has ongoing arbitration cases related to coal contracts and loan disputes, with amounts including 19,670,279.00 CNY and 14,422,377.09 CNY respectively[116]. - The company is actively managing its legal risks and pursuing recovery of outstanding amounts through litigation and arbitration[116]. - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[111]. Social Responsibility and Community Engagement - The company invested CNY 308,600 in targeted poverty alleviation efforts, helping 177 registered impoverished individuals to escape poverty[132]. - The company provided over 3,800 tons of coal, valued at CNY 268,000, to impoverished residents during winter[132]. - A total of 146 local ethnic minority individuals received vocational skills training, with an investment of CNY 194,300[132]. - The company is committed to fulfilling social responsibilities in line with the poverty alleviation requirements set by the local government[135]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 185,003[140]. - The largest shareholder, Xinjiang Guanghui Industrial Investment Group, holds 42.12% of the shares, with 1,576,700,433 shares pledged[142]. - The company has not reported any changes in the controlling shareholder or actual controller[145]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[146]. Debt and Financing - The company issued bonds with a total scale of RMB 20 billion, with approximately RMB 12.7 billion used to repay bank loans, optimizing the debt structure[154]. - The company maintains a credit rating of AA+ for both the bonds and the corporate entity, with a stable outlook[155]. - The company has established a special fund management system for the repayment of maturing bonds to ensure timely payment of principal and interest[156]. - All bonds and debt financing instruments were repaid on time, ensuring investor rights[160]. Subsidiaries and Business Structure - The company has a total of 151 subsidiaries included in the consolidated financial statements, with significant holdings in key subsidiaries such as Xinjiang Guanghui LNG Development Co., Ltd. (98.12% ownership)[194]. - The company has a strong presence in the natural gas sector, with multiple subsidiaries dedicated to gas distribution and development across different regions[196]. - The company has engaged in share buybacks, repurchasing a total of 35,119,018 shares by November 2013, reducing the total share capital to RMB 5,221,424,684[191]. - The company has a diversified business model that includes investments in gas pipeline engineering, LNG production and sales, and logistics services[193].

Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2017 to increase by 60%-70% compared to the same period last year[3] - The net profit for the same period last year was approximately 67.8 million yuan[4] - The increase in profit is primarily due to a significant rise in sales prices of methanol and coal chemical by-products compared to the previous year[4] Sales and Market Conditions - Coal market recovery led to a substantial increase in coal sales volume in the first half of the year compared to the same period last year[4] Business Development - The company’s subsidiary launched the LNG distribution and transshipment station project in Nantong on June 4, 2017, which is expected to provide new profit growth for the natural gas business[4] Financial Reporting - 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 half-year report[5] - The performance forecast period is from January 1, 2017, to June 30, 2017[6]

2017 年第一季度报告 公司代码：600256 公司简称：广汇能源 广汇能源股份有限公司 2017 年第一季度报告 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 单位：元 币种：人民币 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 2017 年第一季度报告 一、重要提示 | 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 | | --- | --- | --- | --- | | 康敬成 | 董事 | 工作原因 | 王建军 | 1.3 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）孙刚保 证季度报告中财务报表的真实、准确、完整。 1 / 20 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 总资产 | 43,206,866,602.82 | 43,332,66 ...