1 证券代码：600301 证券简称：南化股份 南宁化工股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥171,642,121.84, representing a 43.87% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥3,786,164.44, a significant increase of 391.17% year-over-year[5]. - The company reported a year-to-date net profit of ¥16,916,593.68, which is a 44.09% increase compared to the previous year[5]. - Net profit for the third quarter of 2022 was ¥16,916,593.68, up from ¥11,740,157.79 in the same quarter of 2021, reflecting a growth of approximately 44%[38]. - The total comprehensive income for the third quarter of 2022 was ¥16,916,593.68, up from ¥11,740,157.79 in the same quarter of 2021, reflecting an increase of approximately 44%[40]. Earnings and Shareholder Returns - The basic earnings per share for Q3 2022 was ¥0.016, a 433.33% increase from ¥0.003 in the same period last year[8]. - Basic earnings per share for the third quarter of 2022 were ¥0.072, compared to ¥0.050 in the same quarter of 2021, representing a growth of 44%[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥493,791,611.82, reflecting a 10.20% increase from the end of the previous year[8]. - The company's total liabilities amounted to ¥157,222,135.93, an increase from ¥128,450,768.95 in the previous period, showing a rise of about 22%[30]. - The total liabilities and equity amounted to ¥493,791,611.82, compared to ¥448,103,651.16 in the previous period, indicating an increase of approximately 10.2%[30]. - Current liabilities increased to ¥148,465,127.35 from ¥115,996,202.07 year-over-year[29]. - The company's long-term payables decreased from ¥8,729,144.08 to ¥6,749,577.71, a reduction of about 22.6%[30]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 124.57%, driven by higher cash receipts from sales[17]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥21,262,618.89, a significant improvement compared to a net outflow of ¥86,538,764.41 in the same period of 2021[44]. - Total cash inflow from operating activities decreased to ¥583,061,895.81 in 2022 from ¥835,576,688.95 in 2021, reflecting a decline of approximately 30.3%[44]. - Cash outflow from operating activities also decreased to ¥561,799,276.92 in 2022 from ¥922,115,453.36 in 2021, marking a reduction of about 38.9%[44]. - The company experienced a net increase in cash and cash equivalents of ¥20,116,773.30 in 2022, contrasting with a net decrease of ¥274,344,387.33 in 2021, showcasing a turnaround in cash management[46]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,258[18]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, accounting for 32.00% of the total shares[21]. - The company does not have any related party relationships among the top shareholders[21]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥1,007,657.29, compared to ¥696,772.17 in the same period of 2021, indicating an increase of about 44.5%[35]. Inventory and Receivables - Accounts receivable decreased to ¥16,580,543.95 from ¥22,591,135.98 year-over-year[25]. - Inventory is reported at ¥93,880,246.46, an increase from ¥64,569,778.75 in the previous year[25]. - As of September 30, 2022, total current assets amount to ¥469,138,928.92, an increase from ¥414,127,363.79 at the end of 2021[25]. - Cash and cash equivalents are reported at ¥160,012,183.82, up from ¥139,803,360.67 in the previous year[25].

Financial Performance - The company's operating revenue for Q1 2022 was ¥69,897,665.91, representing a 91.52% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥4,341,922.23, showing a decrease of 7.33% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥3,547,205.65, which is an increase of 818.60% compared to the previous year[6] - Basic earnings per share for the period was ¥0.0185, a decrease of 7.04% compared to the previous year[9] - Total operating revenue for Q1 2022 reached approximately $69.90 million, a significant increase from $36.50 million in Q1 2021, representing an increase of 91.5% year-over-year[32] - Net profit for Q1 2022 was approximately $4.34 million, compared to $4.69 million in Q1 2021, indicating a decrease of 7.3% year-over-year[34] - The company reported a total profit of approximately $5.15 million for Q1 2022, a marginal increase from $5.13 million in Q1 2021, showing a growth of 0.7%[34] Cash Flow - The net cash flow from operating activities improved to ¥14,844,428.18, a significant turnaround from a negative cash flow of ¥-267,951,702.23 in the same period last year[6] - The net cash flow from operating activities for Q1 2022 was ¥7,081,308.57, a significant improvement compared to a net outflow of ¥-267,951,702.23 in Q1 2021[59] - Total cash outflow from operating activities in Q1 2022 was ¥111,373,920.27, compared to ¥417,046,948.16 in Q1 2021, reflecting a reduction of about 73%[59] - The cash inflow from operating activities totaled ¥118,455,228.84 in Q1 2022, down from ¥149,095,245.93 in Q1 2021, marking a decline of about 21%[59] - The cash outflow for purchasing goods and services in Q1 2022 was ¥106,551,102.48, significantly lower than ¥413,063,865.58 in Q1 2021, indicating a decrease of approximately 74%[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥500,425,917.96, reflecting an increase of 11.46% from the end of the previous year[9] - The company's current assets reached RMB 469,774,900.56, up from RMB 414,982,370.32, indicating a growth of about 13.2% year-over-year[22] - The total liabilities increased to RMB 175,745,495.08 from RMB 128,620,157.04, reflecting a rise of approximately 36.7%[28] - The company's total equity attributable to shareholders increased to RMB 324,680,422.88 from RMB 320,338,500.65, a slight increase of about 1.1%[28] - Total assets as of March 31, 2022, amounted to 382,066,841.37, up from 343,721,976.16 at the end of 2021[47] - The total liabilities increased to 79,976,337.60 from 41,003,763.22 year-over-year[47] Research and Development - The company reported a significant increase in research and development expenses, attributed to the successful application for high-tech enterprise status[15] - Research and development expenses for Q1 2022 amounted to approximately $743,011.15, indicating ongoing investment in innovation[32] - The company incurred research and development expenses, although specific figures were not provided in the report[53] Government Support - The company received government subsidies amounting to ¥134,336.40, aimed at encouraging the development of modern service industries[10] Market Strategy - The company plans to continue expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[30] - The company did not report any cash inflows from investment activities in Q1 2022, while cash outflows for investment activities were not detailed[60] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in the provided data[60]

Financial Performance - The company's operating revenue for 2021 was ¥386,905,230.04, a decrease of 57.15% compared to ¥902,946,639.18 in 2020[23] - Net profit attributable to shareholders for 2021 was ¥54,253,970.15, representing an increase of 67.13% from ¥32,463,052.07 in 2020[23] - The net cash flow from operating activities was -¥103,919,572.36, a decline of 153.78% compared to ¥193,238,955.36 in 2020[23] - Total assets at the end of 2021 were ¥448,958,657.69, down 14.14% from ¥522,899,812.38 in 2020[23] - Net assets attributable to shareholders decreased by 24.82% to ¥320,338,500.65 from ¥426,070,947.41 in 2020[23] - Basic earnings per share increased by 64.29% to CNY 0.23 in 2021 compared to CNY 0.14 in 2020[26] - The weighted average return on equity rose by 4.36 percentage points to 11.97% in 2021 from 7.61% in 2020[26] - The company reported a net profit attributable to shareholders of CNY 42,658,275.03 in Q4 2021, a significant increase from CNY 684,228.98 in Q2 2021[29] - The company achieved operating revenue of 386.91 million yuan, a decrease of 57.15% compared to the previous year[44] - The net profit attributable to shareholders increased by 67.13% to 54.25 million yuan, driven by debt recovery and improved cost management[44][45] Cash Flow and Liquidity - The company faced a major decline in cash flow, indicating potential liquidity issues[23] - The company's cash flow from operating activities was -103.92 million yuan, a significant decline from 193.24 million yuan in the previous year[49] - Cash received from sales and services decreased by 66.57% to ¥332,888,006.79 in 2021 from ¥995,810,573.10 in 2020[63] - Cash paid for purchasing goods and services decreased by 49.99% to ¥328,603,524.35 in 2021 from ¥657,126,018.82 in 2020[63] - Cash and cash equivalents decreased by 66.23% to ¥139,803,360.67, accounting for 31.14% of total assets[63] - The company's cash flow from operating activities showed significant fluctuations, with a notable decrease in cash inflows[63] Business Operations and Strategy - The company reported a significant increase in revenue from core business activities, with a total of ¥79,662,953.84, compared to ¥0.00 in 2020[23] - The company’s trade business primarily focuses on bulk commodity trading, including coal and steel, with an emphasis on resource matching and supply chain efficiency[39] - The monitoring business, which includes highway and waterway engineering supervision, is closely tied to fixed asset investment fluctuations, impacting overall performance[40] - The company has expanded its service offerings to include design consulting, bidding agency, and testing services, enhancing its market presence[42] - The company aims to transform from a bulk commodity trader to a comprehensive supply chain service provider, enhancing its core competitiveness and sustainable development capabilities[79] - The company plans to optimize and expand its trade and monitoring business models, emphasizing compliance, risk control, and efficiency to improve profitability[83] Acquisitions and Investments - The company acquired 100% equity of Bagui Supervisory in August 2021, enhancing its business layout and profitability[35] - The company completed the acquisition of 100% equity in BaGui Engineering Consulting Co., Ltd. for a total consideration of ¥159 million[72] - The company plans to issue shares to acquire 100% equity in Huaxi Mining and raise supporting funds[75] - The company has submitted materials for a major asset restructuring to the China Securities Regulatory Commission (CSRC) and is awaiting approval, with the restructuring involving the acquisition of 100% equity of Huaxi Mining[157] Research and Development - Research and development expenses surged by 9,726.41% to 927,018.26 yuan, reflecting the company's commitment to innovation[49] - The company reported a total R&D expenditure of ¥927,018.26, which represents 0.24% of total revenue[59] - The number of R&D personnel is 209, accounting for 23.98% of the total workforce[60] Risk Management and Governance - The company has outlined potential risks in its annual report, which investors should be aware of[9] - The company is adapting to industry challenges by enhancing risk management and focusing on specialized service offerings to meet customer demands[43] - The company acknowledges potential risks from economic cycles and credit risks associated with its commodity trading and supply chain services[85] - The company has established a special working group to conduct a comprehensive self-examination of corporate governance in accordance with the requirements of the China Securities Regulatory Commission[92] - The company has maintained complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations during the reporting period[92] Shareholder and Management Information - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounted to 95.40 million yuan[100] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period was 954,000 yuan[112] - The company has seen changes in its board and management personnel, with several key positions held in other organizations[112] - The company held three shareholder meetings during the reporting period, all of which passed all resolutions[97] Social Responsibility and Community Engagement - The company has committed to supporting poverty alleviation efforts, purchasing products worth RMB 292,600 for assistance in targeted areas[139] Financial Compliance and Audit - The internal control audit report for 2021 was issued by the accounting firm with a standard unqualified opinion, indicating effective internal control systems[134] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[189] - The company has no significant litigation or arbitration matters reported for the fiscal year[153]

2021 年第三季度报告 单位：元币种：人民币 证券代码：600301 证券简称：*ST 南化 南宁化工股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|----------------------------------------|----------------|-------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 473,950,052.11, representing a 36.40% increase compared to RMB 347,480,516.76 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was RMB 1,255,773.52, a decrease of 72.71% from RMB 4,601,698.60 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,070,102.28, down 76.43% from RMB 4,540,921.50 in the same period last year[22]. - The net cash flow from operating activities was negative at RMB -140,742,145.08, compared to RMB -15,239,680.29 in the previous year[22]. - Basic earnings per share for the first half of 2021 were RMB 0.0053, down 72.96% from RMB 0.0196 in the same period last year[22]. - The weighted average return on net assets was 0.38%, a decrease of 1.03 percentage points from 1.41% in the previous year[22]. - The company achieved operating revenue of CNY 473,950,052.11, an increase of 36.40% compared to the previous year[32]. - The net profit attributable to shareholders decreased to CNY 1,255,800, a decline of 72.71% year-on-year[32]. - The net cash flow from operating activities was CNY -140,742,145.08, worsening from CNY -15,239,680.29 in the same period last year[35]. - Total assets increased to CNY 43,129,170, a growth of 15.78% year-on-year[32]. - Total liabilities rose to CNY 9,800,840, an increase of 142.11% compared to the previous year[32]. - The company reported a significant increase in the cost of goods sold, which rose by 37.13% year-on-year[35]. - The company reported a comprehensive income of ¥1,255,773.52 for the first half of the year[102]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 431,291,686.08, an increase of 15.78% from RMB 372,507,869.97 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were RMB 333,283,279.88, a slight increase of 0.38% from RMB 332,027,506.36 at the end of the previous year[22]. - Total liabilities rose to ¥98,008,406.20, up from ¥40,480,363.61, marking an increase of 142.5%[86]. - The company's asset-liability ratio stood at 22.72%[32]. - The total current assets as of June 30, 2021, amounted to RMB 426,600,398.71, an increase from RMB 367,866,773.72 at the end of 2020, representing a growth of approximately 15.8%[80]. - Accounts receivable amounted to ¥73,709,861.31, representing a 17.09% increase[38]. - The company has shown a significant increase in accounts payable, which rose to ¥49,791,766.44 from ¥12,061,120.10, reflecting a growth of 313.5%[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,202[69]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the company's shares, totaling 75,248,058 shares[69]. - The top ten shareholders include Nanning Chemical Group Co., Ltd. with 75,248,058 shares, representing the largest stake[72]. - There were no strategic investors or general corporations becoming top ten shareholders due to new share placements[73]. - The company reported no changes in the shareholding of directors, supervisors, and senior management during the reporting period[73]. - The company has no plans for share buybacks or any related accounts among the top ten shareholders[72]. - There are no reported changes in the controlling shareholder or actual controller during the reporting period[76]. Business Operations - The company primarily operates in the chlor-alkali chemical industry, focusing on the wholesale of hazardous chemicals and related services[111]. - The company has shifted its business focus from outside Guangxi to within Guangxi, targeting medium to large enterprises for stable trade relationships[31]. - The company provided assistance worth ¥238,100 for poverty alleviation efforts in Guangxi province[47]. - The company engages in the import and export of raw materials and equipment necessary for its production processes[111]. Financial Management and Reporting - The financial report is prepared based on the going concern principle, ensuring that the company will continue its operations for the foreseeable future[115]. - The financial statements comply with the accounting standards set by the Ministry of Finance, reflecting the company's financial position as of June 30, 2021[119]. - The company has undergone capital increases through the conversion of convertible bonds and non-public offerings, resulting in a change in share capital[110]. - The company’s accounting period follows the calendar year, from January 1 to December 31[120]. - The company’s business cycle is defined as 12 months, aligning with its accounting period[121]. - The financial report indicates a significant focus on maintaining accurate financial records and compliance with relevant regulations[114]. Credit Risk and Financial Assets - Expected credit losses are calculated based on the weighted average of credit losses for financial instruments, considering past events, current conditions, and future economic forecasts[149]. - The company assesses expected credit losses for financial instruments in different stages, with stage one reflecting no significant increase in credit risk and stage three indicating credit impairment[151]. - For receivables, the company measures loss provisions equivalent to expected credit losses over the entire duration[152]. - The company categorizes receivables into groups based on credit risk characteristics to calculate expected credit losses[153]. - The company evaluates expected credit losses for debt investments based on the nature of the investment and the risk exposure[157]. - Financial liabilities are measured at amortized cost using the effective interest method, with gains or losses recognized in profit or loss upon derecognition or amortization[141]. - A financial asset is considered in default if the borrower is unlikely to fully pay the owed amount or if the asset is overdue by more than 90 days[160]. - The company remeasures expected credit losses at each balance sheet date, with changes recognized as impairment losses or gains in the current period[164]. Inventory Management - Inventory is valued at actual cost upon acquisition, and the weighted average method is used for inventory issued[186]. - The company recognizes inventory impairment when the cost exceeds its net realizable value at the balance sheet date[186]. - The company employs a perpetual inventory system for inventory management[186].

2021 年第一季度报告 公司代码：600301 公司简称：*ST 南化 南宁化工股份有限公司 2021 年第一季度报告 1 / 14 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 14 2021 年第一季度报告 单位：元 币种：人民币 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 公司负责人黄葆源、主管会计工作负责人李晓晨及会计机构负责人（会计主管人员）李晓晨 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------- ...

Financial Performance - The company's operating revenue for 2020 was ¥728,421,003.06, representing an increase of 8.96% compared to ¥668,526,793.09 in 2019[20] - The net profit attributable to shareholders for 2020 was ¥9,074,014.52, a 39.52% increase from ¥6,503,690.97 in 2019[20] - The net cash flow from operating activities was ¥178,277,810.66, a significant recovery from a negative cash flow of -¥37,131,521.78 in 2019[20] - Basic earnings per share for 2020 were ¥0.04, up 33.33% from ¥0.03 in 2019[20] - The weighted average return on net assets was 2.77% for 2020, an increase of 0.65 percentage points from 2.12% in 2019[20] - The company reported a net profit of -9.22 million RMB after deducting non-recurring gains and losses, a decrease of 1.57 million RMB year-on-year[34] - The company reported a total comprehensive income of ¥9,074,014.52 for the year, contributing to an increase in total equity[181] Assets and Liabilities - The total assets decreased by 7.14% to ¥372,507,869.97 at the end of 2020, down from ¥401,149,625.26 at the end of 2019[20] - The total liabilities decreased by 48.23% year-on-year to 40.48 million RMB[34] - The total equity increased from CNY 322,953,491.84 in 2019 to CNY 332,027,506.36 in 2020, reflecting a growth of about 2.1%[170] - The company's cash and cash equivalents increased from CNY 186,027,273.64 in 2019 to CNY 364,267,196.97 in 2020, showing a growth of approximately 95.5%[167] - The company's registered capital is 235,148,140.00 yuan, with a total of 4 million shares publicly issued[190] - The company has a negative retained earnings of -1,101,388,414.71 yuan, indicating accumulated losses[196] Operational Challenges and Strategies - The company faced challenges due to the COVID-19 pandemic and trade tensions, impacting trade risks and profit margins[31] - The company plans to continue integrating upstream and downstream resources in the bulk commodity supply chain to enhance operational resilience[31] - The company will maintain a cautious approach to manage financial risks while expanding its coal trading business[31] - The company is actively promoting asset restructuring by injecting profitable assets related to non-ferrous metal exploration, mining, and beneficiation to achieve business transformation and broaden profit sources[51] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan for potential mergers[106] Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protection of shareholder rights[129] - The company has maintained a consistent governance structure with no new appointments or departures among key executives during the reporting period[99] - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 112.80 million CNY[100] - The company has implemented a performance evaluation system for senior management based on multiple criteria, including ethics and performance[118] - The management team includes individuals with extensive experience in finance and corporate governance, enhancing the company's strategic direction[100] Shareholder Information - The company reported a total of 7,124 ordinary shareholders as of the end of the reporting period, a decrease from 7,233 in the previous month[83] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, representing 32.00% of the total shares[83] - The company has not proposed a cash profit distribution plan for 2020, as the profit available for distribution to ordinary shareholders is negative[61] - There are no changes in the controlling shareholder during the reporting period[94] Compliance and Audit - The company has appointed Crowe Horwath as its financial audit and internal control audit firm for 2020, with an audit fee of RMB 230,000[62] - The internal control audit report issued by the accounting firm provided a standard unqualified opinion[138] - The company has complied with the internal control self-assessment report requirements for 2020[135] - The financial report complies with the requirements of the enterprise accounting standards, reflecting the company's financial status as of December 31, 2020[200] Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25%[106] - New product launches are expected to contribute an additional 300 million yuan in revenue over the next fiscal year[106] - The company plans to enhance its digital marketing strategy, increasing the budget by 50% to improve customer engagement[106] - The management emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[106]

Financial Performance - The company's operating revenue for 2020 was ¥728,421,003.06, representing an increase of 8.96% compared to ¥668,526,793.09 in 2019[22] - The net profit attributable to shareholders for 2020 was ¥9,074,014.52, a significant increase of 39.52% from ¥6,503,690.97 in the previous year[22] - The net cash flow from operating activities improved to ¥178,277,810.66, compared to a negative cash flow of ¥37,131,521.78 in 2019[22] - Basic earnings per share for 2020 were ¥0.04, up 33.33% from ¥0.03 in 2019[22] - The weighted average return on net assets increased to 2.77% in 2020, up from 2.12% in 2019, reflecting a 0.65 percentage point increase[22] - The company achieved total operating revenue of CNY 728,421,003.06, representing an increase of 8.96% compared to the previous year[36] - Net profit attributable to shareholders was CNY 9,074,000, an increase of 39.52% year-on-year[36] - The net cash flow from operating activities was CNY 17,827,780, a significant increase of CNY 21,540,930 compared to the previous year[36] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 15% year-over-year growth[110] Assets and Liabilities - The total assets decreased by 7.14% to ¥372,507,869.97 at the end of 2020, down from ¥401,149,625.26 in 2019[22] - The company's total liabilities decreased by 48.23% to CNY 40,480,400, resulting in an asset-liability ratio of 10.87%[36] - Total current assets decreased from 396,139,523.95 to 367,866,773.72, a decline of about 7.0%[175] - Long-term liabilities decreased from 15,545,695.29 to 11,051,199.08, a decline of approximately 29.2%[175] - The company’s total equity increased from 322,953,491.84 to 332,027,506.36, a growth of about 2.3%[175] Cash Flow - Operating cash flow for the year was ¥178,277,810.66, a decrease of ¥37,131,521.78 compared to the previous year[42] - Cash received from sales of goods and services was ¥816,558,426.41, a 2.13% increase from the previous year[49] - The cash and cash equivalents at the end of 2020 amounted to RMB 364,267,196.97, up from RMB 186,027,273.64 at the end of 2019, marking an increase of approximately 95.5%[183] - The company maintained a stable cash position with a net increase in cash and cash equivalents of RMB 178,239,923.33 for the year[183] Expenses - The company reported a decrease in sales expenses by 11.20% to CNY 328,305.32, while management expenses increased by 29.17% to CNY 10,060,977.62[38] - The company reported a 9.30% increase in operating costs, totaling ¥713,381,690.50 for the trading goods segment[44] - Financial expenses decreased significantly to -¥1,838,091.39, down from ¥27,101.17, indicating a reduction of 6,882.33%[42] Profit Distribution - The company did not distribute profits during the reporting period[9] - The company reported a negative distributable profit for 2020, thus not implementing any profit distribution or capital reserve increase for the year[64] - The company has not proposed any cash profit distribution plan for 2020, as the profit available for distribution to ordinary shareholders was negative[65] Management and Governance - The company has a diverse board with members holding various qualifications, including advanced degrees and professional certifications in finance and law[105] - The board includes independent directors who contribute to corporate governance and oversight, ensuring compliance and strategic direction[102] - The company has established a remuneration and performance assessment management plan for its employees[130] - The total remuneration for the board members and senior management during the reporting period amounted to 112.80 million CNY[105] - The company completed the election of the eighth board of directors and various committees, enhancing its corporate governance structure[134] Strategic Initiatives - The company plans to continue integrating upstream and downstream resources in the bulk commodity supply chain to enhance operational resilience[31] - The company aims to maintain stable coal prices and gradually recover coal demand as the domestic economy improves[31] - The company plans to strengthen its macroeconomic analysis and expand its trade business while enhancing risk management to improve operational and profitability capabilities[58] - The company is actively promoting asset restructuring by injecting profitable assets related to non-ferrous metal exploration, mining, and beneficiation to achieve business transformation and broaden profit sources[58] Risks and Challenges - The company faces risks related to production and operational activities that may be severely impacted, as noted in the risk warning section[10] - There are ongoing risks as per the Shanghai Stock Exchange regulations, indicating that the company's production and operation activities are significantly affected and may not return to normal within three months[143] Social Responsibility - In 2020, the company engaged in poverty alleviation efforts, purchasing products worth CNY 500,147 from supported villages[82] - The company conducted internal fundraising activities, collecting CNY 7,973.5 for poverty alleviation initiatives[82] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 7,124, down from 7,233 at the end of the previous month[90] - The largest shareholder, Nanning Chemical Group Co., Ltd., held 75,248,058 shares, representing 32.00% of total shares[90] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first three shareholders alone accounting for over 36%[90] Internal Control and Compliance - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, indicating no significant deficiencies in internal controls[143] - The company confirmed that there are no significant deficiencies in internal control during the reporting period[143] - The management is responsible for ensuring that the financial statements are prepared in accordance with accounting standards and reflect the company's financial position accurately[159]

Financial Performance - Operating revenue for the period from January to September was ¥532,023,486.97, representing a year-on-year increase of 7.38%[19] - Net profit attributable to shareholders for the same period was ¥7,273,533.22, a decrease of 7.64% compared to the previous year[19] - Basic and diluted earnings per share were both ¥0.0309, down 7.76% from ¥0.0335 in the previous year[19] - In Q3 2020, the company's operating revenue was ¥184,542,970.21, a decrease of 23.3% compared to ¥240,572,051.38 in Q3 2019[47] - The operating profit for Q3 2020 was ¥2,676,260.71, down 38.7% from ¥4,377,489.77 in Q3 2019[47] - The net profit for Q3 2020 was ¥2,671,834.62, a decline of 39.0% compared to ¥4,377,489.77 in Q3 2019[49] - The total comprehensive income for Q3 2020 was ¥2,671,834.62, down 39.0% from ¥4,377,489.77 in Q3 2019[49] - Basic earnings per share for Q3 2020 were ¥0.0114, compared to ¥0.0186 in Q3 2019, reflecting a decrease of 38.7%[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥406,408,905.84, an increase of 1.31% compared to the end of the previous year[19] - The company's total liabilities decreased from CNY 78,196,133.42 to CNY 76,181,880.78, indicating a reduction in financial obligations[42] - The total equity increased from CNY 322,953,491.84 to CNY 330,227,025.06, reflecting a slight improvement in the company's financial position[43] - Total assets amounted to 401,149,625.26, with current assets at 396,139,523.95[57] - Current liabilities totaled 62,650,438.13, including accounts payable of 12,099,549.34 and accrued employee compensation of 8,799,400.37[59] - Non-current liabilities were recorded at 15,545,695.29, primarily due to long-term employee compensation[59] - Total liabilities amounted to 78,196,133.42, reflecting the company's financial obligations[59] Cash Flow - The net cash flow from operating activities improved to -¥25,581,040.71, a 26.77% increase compared to -¥34,934,432.24 in the previous year[19] - The company reported a net cash outflow from operating activities of ¥25,581,040.71 in the first three quarters of 2020, an improvement from a net outflow of ¥34,934,432.24 in the same period of 2019[53] - The company received a significant increase in cash related to operating activities, with other cash receipts rising by 159.93% to CNY 1,570,150.36 compared to CNY 604,076.63 in the previous year[31] - The company maintained cash and cash equivalents of 186,027,273.64, indicating liquidity stability[57] - The cash and cash equivalents at the end of Q3 2020 were ¥160,408,345.60, down from ¥188,224,363.18 at the end of Q3 2019[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,411[25] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares[25] - There were no significant changes in the company's shareholding structure or any related party transactions reported[28] Inventory and Operating Costs - The company's inventory increased by 17.73% from CNY 163,394,765.21 at the beginning of the period to CNY 192,357,486.58 at the end of the period, indicating a rise in stock levels[31] - Operating costs rose by 7.82% to CNY 521,023,720.71 from CNY 483,234,458.97, reflecting the same increase in trade volume[31] - Management expenses surged by 34.17% to CNY 4,334,806.91, attributed to higher leasing and office costs[31] - Inventory was valued at 163,394,765.21, which is crucial for operational efficiency[57] Asset Restructuring - The company is in the process of acquiring 100% equity of Guangxi Huaxi Mining Co., Ltd. from Guangxi Huaxi Group Co., Ltd. through a share issuance, which is part of a major asset restructuring plan[31] - As of the reporting period, the audit and evaluation work related to the asset restructuring has not been fully completed, and the company will disclose the restructuring report after the board's review[34] Government Support - The company received government subsidies amounting to ¥60,777.10 related to COVID-19 support measures[23] Other Financial Metrics - The weighted average return on equity decreased by 0.33 percentage points to 2.23%[19] - The company experienced a decrease in interest expenses, reporting ¥34,478.97 in Q3 2020 compared to ¥275,700.00 in Q3 2019, a reduction of 87.5%[47] - Research and development expenses were not specified in the provided data, indicating a potential area for further inquiry[47] - The implementation of new revenue and lease standards began in 2020, affecting financial reporting[57] - The company reported an undistributed profit of -1,101,388,414.71, indicating a significant loss[61]