Financial Performance - Operating revenue for the period was ¥166,774,060.10, representing a significant increase of 134.52% year-on-year[11]. - Net profit attributable to shareholders was ¥2,651,185.18, up 147.74% from the same period last year[11]. - Basic earnings per share increased to ¥0.0113, reflecting a growth of 145.65% year-on-year[11]. - The total comprehensive income for the period was 2,651,185.18, compared to 1,070,147.79 in the previous year, indicating a significant increase[34]. - Basic and diluted earnings per share were both 0.0113, up from 0.0046 in the same quarter last year, reflecting improved profitability[34]. - The net profit for Q1 2020 was ¥2,651,185.18, compared to ¥1,070,147.79 in Q1 2019, indicating a significant improvement[32]. Cash Flow - The net cash flow from operating activities was negative at -¥2,235,610.32, a decrease of 187.39% compared to the previous year[11]. - Cash inflows from operating activities totaled 192,356,756.26, compared to 132,250,756.30 in the previous year, representing a year-over-year increase of approximately 45.5%[38]. - Cash outflows from operating activities were 194,592,366.58, up from 129,692,513.88, leading to a net cash flow from operating activities of -2,235,610.32, a decline from 2,558,242.42 in the previous year[38]. - The company reported a net decrease in cash and cash equivalents of -2,235,610.32 for the quarter, compared to an increase of 2,558,242.42 in the same quarter last year[40]. - The ending balance of cash and cash equivalents was 183,791,663.32, down from 225,717,037.84 at the end of the previous year[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥403,502,308.55, an increase of 0.59% compared to the end of the previous year[11]. - The total assets as of March 31, 2020, amounted to ¥403,502,308.55, compared to ¥401,149,625.26 at the end of 2019[26]. - The total liabilities were ¥77,897,631.53, slightly down from ¥78,196,133.42 at the end of the previous year[26]. - Total liabilities were 78,196,133.42, consistent with the previous year's figures[42]. - The total equity increased to ¥325,604,677.02 from ¥322,953,491.84 at the end of 2019[28]. - The total equity attributable to owners was 322,953,491.84, unchanged from the previous year[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,761[17]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares[17]. Inventory and Prepaid Accounts - Prepaid accounts increased significantly to ¥40,061,407.45, a change of 249,941.55% due to normal payments during the period[18]. - The company’s inventory decreased to ¥132,529,623.80 from ¥163,394,765.21 at the end of 2019[23]. Accounting Standards - The company has implemented new revenue and lease accounting standards starting from 2020, which may impact future financial reporting[44].

Financial Performance - The company's operating revenue for 2019 was ¥668,526,793.09, an increase of 142.71% compared to ¥275,441,563.89 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥6,503,690.97, a decrease of 87.98% from ¥54,122,014.40 in 2018[24]. - The net cash flow from operating activities was -¥37,131,521.78, improving from -¥117,671,685.58 in 2018[24]. - The total assets at the end of 2019 were ¥401,149,625.26, a slight increase of 1.52% from ¥395,146,148.29 in 2018[24]. - The net assets attributable to shareholders increased by 6.53% to ¥322,953,491.84 at the end of 2019 from ¥303,144,089.16 in 2018[24]. - Basic earnings per share for 2019 were ¥0.03, down 86.96% from ¥0.23 in 2018[25]. - The weighted average return on equity decreased to 2.12% in 2019 from 19.87% in 2018, a drop of 17.75 percentage points[25]. - The company achieved an operating income of 668.53 million yuan in 2019, representing a year-on-year increase of 142.71%[38]. - The net profit attributable to shareholders was 6.50 million yuan, a decrease of 85.51% compared to the previous year[38]. - Operating costs amounted to ¥652,691,701.52, reflecting a 144.17% increase from ¥267,310,177.44 year-over-year[41]. - The gross profit margin for the trading industry was 2.43%, which decreased by 0.61 percentage points compared to the previous year[42]. - The company reported a decrease in employee compensation payable to ¥8,799,400.37 from ¥12,940,806.01, a drop of approximately 31.5%[196]. - The company’s retained earnings improved to -¥1,101,388,414.71 from -¥1,107,892,105.68, a positive change of about 0.6%[196]. Assets and Liabilities - Total liabilities decreased by 15.01% year-on-year to 78.20 million yuan[40]. - The debt-to-asset ratio was 19.49%[40]. - The total current assets of Nanhua Co., Ltd. as of December 31, 2019, amounted to CNY 396.14 million, a slight increase from CNY 390.13 million in 2018[184]. - The cash and cash equivalents decreased from CNY 223.16 million in 2018 to CNY 186.03 million in 2019, representing a decline of approximately 16.66%[184]. - The accounts receivable decreased from CNY 26.18 million in 2018 to CNY 22.62 million in 2019, a reduction of about 13.43%[184]. - The inventory increased significantly from CNY 95.22 million in 2018 to CNY 163.39 million in 2019, reflecting an increase of approximately 71.5%[184]. - The total assets increased to ¥401,149,625.26, up from ¥395,146,148.29, representing a growth of approximately 1.3%[189]. - Current liabilities rose to ¥62,650,438.13, compared to ¥57,948,959.13, indicating an increase of about 8.5%[196]. - Non-current liabilities decreased significantly to ¥15,545,695.29 from ¥34,053,100.00, a reduction of approximately 54.4%[196]. - Total liabilities decreased to ¥78,196,133.42 from ¥92,002,059.13, reflecting a decline of around 15.0%[196]. - Shareholders' equity increased to ¥322,953,491.84 from ¥303,144,089.16, showing an increase of about 6.5%[196]. Operational Strategies - The company has adopted a business model that integrates upstream and downstream resources in the bulk commodity supply chain, focusing on coal and manganese ore trading[37]. - The company is actively recovering and reducing accounts receivable through various methods[38]. - The company plans to enhance the professional capabilities of its business team and strengthen risk management to improve operational and profitability capabilities[63]. - The company aims to improve financial management and effectively utilize existing funds while intensifying the collection of long-term receivables[63]. - The company will continue to actively promote asset disposal in line with the overall deployment of the group[63]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential deals[118]. - A new marketing strategy is being implemented, expected to improve customer engagement by 30%[118]. - The company has achieved a 5% reduction in operational costs through efficiency improvements[118]. Governance and Compliance - The company has changed its auditing firm from Ruihua to Daxin for the 2019 financial year[70]. - The company has faced bankruptcy reorganization due to inability to repay debts and insufficient assets[74]. - The company reported no significant litigation or arbitration matters during the reporting period[79]. - There were no major related party transactions or significant contracts during the reporting period[80]. - The company has not faced any penalties from securities regulatory authorities in the past three years[131]. - The company has a governance structure in compliance with relevant laws and regulations, including the Company Law and Securities Law[136]. - The company has established a strict insider information management system, ensuring fair and transparent information disclosure[138]. - The internal control audit report for 2019 was issued by Grant Thornton, confirming the effectiveness of the company's internal controls[152]. - The company has no significant discrepancies with the requirements of the China Securities Regulatory Commission regarding corporate governance[138]. Shareholder Information - The total number of ordinary shares and the share capital structure remained unchanged during the reporting period[92]. - The total number of common stock shareholders at the end of the reporting period was 7,858, an increase from 7,805 at the end of the previous month[94]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, representing 32.00% of total shares[95]. - The second largest shareholder, Nanning Industrial Investment Group Co., Ltd., holds 4,462,509 shares, accounting for 1.90% of total shares[95]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone holding over 35%[98]. - The controlling shareholder is Nanning Chemical Group Co., Ltd., which was established on January 4, 1997, and primarily engages in the development and production of water treatment agents[99]. - The actual controller of the company is Guangxi Beibu Gulf International Port Group Co., Ltd., which holds 68.72% of Beibu Gulf Port Co., Ltd.[103]. Employee and Management Information - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 1.1842 million yuan[109]. - The company has a total of 12 directors and supervisors, with 8 receiving remuneration from the company[109]. - The highest remuneration among the board members was 5.00 million yuan received by independent director Yang Jianjun[109]. - The company employed a total of 257 staff members, with 1,120 retired employees requiring financial support[133]. - The company implemented training for 79 personnel in 2019, focusing on skills and professional management education[134]. - The remuneration decision process for senior management is based on performance evaluations across four criteria: virtue, ability, diligence, and achievements[126]. - The company has established a compensation and performance assessment management system to ensure fair remuneration practices[134]. Future Outlook - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in the latest quarter[118]. - User data showed a growth of 20% in active users, totaling 5 million users by the end of the reporting period[118]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[118]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next fiscal year[118]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing operational efficiency[118]. - Market expansion plans include entering two new provinces, projected to increase market share by 10%[118].

Financial Performance - Operating revenue surged by 285.71% to CNY 495,437,003.51 for the period from January to September[19] - Net profit attributable to shareholders decreased by 84.18% to CNY 7,875,180.08 compared to the same period last year[19] - The company reported a significant increase in sales revenue, with cash received from sales reaching CNY 603,441,560.79, up 316% year-on-year[28] - Total operating revenue for Q3 2019 reached ¥240,572,051.38, a significant increase from ¥62,030,806.33 in Q3 2018, representing a growth of approximately 287.5%[54] - Net profit for Q3 2019 was ¥4,377,489.77, a decrease from ¥59,909,980.75 in Q3 2018, reflecting a decline of approximately 92.7%[57] - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 4,377,489.77, compared to CNY 62,463,989.39 in the same period last year, showing a decline of about 93%[62] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -34,934,432.24, an improvement from CNY -136,435,641.16 in the previous year[19] - Cash inflow from operating activities totaled CNY 604,045,637.42, a significant increase from CNY 158,125,694.24 in the same period last year, representing a growth of approximately 282%[68] - Cash outflow for purchasing goods and services was CNY 624,443,400.31, compared to CNY 274,398,788.67 in the previous year, indicating an increase of about 128%[68] - The net cash flow from operating activities was negative at CNY -34,934,432.24, an improvement from CNY -136,435,641.16 in the same period last year[70] - The company reported a decrease in cash paid to employees, totaling CNY 12,900,678.10, down from CNY 17,037,723.33 in the same period last year[68] Assets and Liabilities - Total assets increased by 2.17% to CNY 403,715,762.30 compared to the end of the previous year[19] - The company's total current assets reached CNY 398,704,656.23, slightly up from CNY 390,132,027.94 in the previous year[36] - Total liabilities were CNY 92,696,493.06, slightly up from CNY 92,002,059.13, showing a marginal increase[42] - The company's equity attributable to shareholders increased to CNY 311,019,269.24 from CNY 303,144,089.16, marking an increase of about 2.5%[42] - Total liabilities amounted to ¥92,696,493.06, slightly up from ¥92,002,059.13, indicating a marginal increase of approximately 0.8%[51] Shareholder Information - The number of shareholders at the end of the reporting period was 8,085, with the largest shareholder holding 32% of the shares[22] - Basic and diluted earnings per share fell by 84.18% to CNY 0.0335[19] - Basic and diluted earnings per share for Q3 2019 were both CNY 0.0186, while in Q3 2018, they were CNY 0.2656, reflecting a decrease of approximately 93%[62] Company Developments - The company is undergoing bankruptcy reorganization for its subsidiary, Nanning Oasis Chemical Co., due to its inability to repay debts[29] - The company has completed the restructuring of its subsidiary, Nanning Oasis Chemical Co., and no longer holds equity in it[32] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[54] - The company continues to explore new strategies for market expansion and product development, although specific details were not disclosed in the financial report[70] Operational Costs - The company experienced a 289.28% increase in operating costs, totaling CNY 483,234,458.97, attributed to increased trade volume[28] - Total operating costs for Q3 2019 were CNY 235,003,307.54, compared to CNY 59,807,868.28 in Q3 2018, which is an increase of about 292%[62]

Financial Performance - The company achieved operating revenue of ¥254,864,952.13, a significant increase of 283.73% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥3,497,690.31, a turnaround from a loss of ¥12,673,547.27 in the previous year[22]. - The company reported a net profit increase of ¥1,617,120.58 compared to the previous year, indicating improved profitability[28]. - The company's operating revenue for the current period reached ¥254,864,952.13, a significant increase of 283.73% compared to ¥66,418,447.15 in the same period last year[29]. - The net profit for the first half of 2019 was ¥3,497,690.31, a turnaround from a net loss of ¥19,364,934.19 in the same period of 2018[82]. - The gross profit margin for the first half of 2019 was approximately 1.5%, compared to a negative margin in the first half of 2018[85]. - The comprehensive income for the first half of 2019 was reported at 3,497,690.31 RMB, contributing positively to the equity[105]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥64,155,418.63, showing an improvement from -¥83,271,382.47 in the same period last year[22]. - Cash inflow from operating activities totaled 298,986,650.33, up from 65,953,152.80 in the previous period, indicating a strong increase in cash generation[92]. - Cash outflow from operating activities increased to 363,142,068.96 from 149,224,535.27, leading to a net cash flow from operating activities of -64,155,418.63, an improvement from -83,271,382.47[95]. - The company's cash and cash equivalents decreased from 223,158,795.42 to 159,003,376.79, a decline of approximately 28.8%[65]. - The total cash and cash equivalents at the end of the period amounted to 159,003,376.79 RMB, down from 257,422,310.94 RMB at the beginning of the period, reflecting a net decrease of 64,155,418.63 RMB[102]. Assets and Liabilities - The total assets increased to ¥413,673,468.39, up 4.69% from the end of the previous year[22]. - Current liabilities rose to ¥77,983,588.92, compared to ¥57,948,959.13, indicating an increase of about 34.5%[70]. - Total liabilities increased to ¥107,031,688.92 from ¥92,002,059.13, reflecting a growth of approximately 16.3%[70]. - Total current assets increased from 390,132,027.94 to 408,661,357.56, reflecting a growth of about 4.5%[65]. - The company's equity attributable to shareholders increased to ¥306,641,779.47 from ¥303,144,089.16, a rise of approximately 1.8%[70]. Inventory and Operational Efficiency - Inventory levels surged to ¥190,284,385.53, accounting for 46.00% of total assets, up from 24.10% last year, due to unsold trade goods[32]. - Operating costs also rose to ¥248,231,151.43, reflecting a 285.88% increase from ¥64,328,750.91 year-over-year, primarily due to increased trade sales volume[29]. - The company reported a drastic reduction in financial expenses, down 98.56% to ¥146,660.29 from ¥10,163,629.94, attributed to changes in the consolidation scope[29]. Strategic Initiatives - The company plans to expand its trade business and increase trade volume to enhance operational performance amid rising trade risks[24]. - The company aims to enhance its competitive edge by expanding new trade business opportunities[28]. - The company is facing risks related to significant operational impacts and potential regulatory issues as per the Shanghai Stock Exchange rules[35]. Corporate Governance and Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,278[58]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, accounting for 32.00% of the total shares[58]. - There were no significant changes in the company's share capital structure during the reporting period[56]. - The company has not disclosed any major related party transactions during the reporting period[47]. Social Responsibility and Community Engagement - The company reported a total of 55,320 yuan spent on purchasing glutinous rice for poverty alleviation efforts[50]. - Employees and management purchased agricultural products worth 5,711 yuan for supporting poverty alleviation[50]. - The company is involved in poverty alleviation initiatives as part of its social responsibility[50]. Accounting Policies and Financial Reporting - The company has adjusted its accounting policies in accordance with new financial instrument standards effective from January 1, 2019[55]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[126]. - The company recognizes revenue based on actual production and operational characteristics, adhering to specific accounting policies[127]. - The company’s accounting records are maintained in Renminbi, which is the primary currency for its domestic operations[133]. Risk Management - The company will maintain strict control over financial risks while leveraging existing capital advantages to boost profitability[28]. - The company is undergoing bankruptcy reorganization for its subsidiary, which has been approved by the court, indicating ongoing restructuring efforts[41].

2019 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 2019 年第一季度报告 1 / 24 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 / 24 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 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周小溪、主管会计工作负责人张海坚及会计机构负责人（会计主管人员）张海坚 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 2018 was ¥275,441,563.89, representing a 28.62% increase compared to ¥214,156,287.46 in 2017[20] - The net profit attributable to shareholders for 2018 was ¥54,122,014.40, a significant recovery from a loss of ¥32,479,915.07 in 2017[20] - The basic earnings per share for 2018 was ¥0.23, recovering from a loss of ¥0.14 in 2017[20] - The weighted average return on net assets was 19.87% in 2018, a significant improvement from -12.85% in 2017[20] - The company achieved operating revenue of 275,441,563.89 CNY in the reporting period, representing a year-on-year increase of 28.62%[30] - The net profit attributable to shareholders of the listed company was 5,412.20 CNY, a turnaround from a loss of 3,247.99 CNY in the same period last year[30] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 15% year-over-year growth[108] - The company reported a net loss of approximately ¥72.9 million for the period from January 1, 2018, to September 10, 2018[52] - The company reported a net loss of ¥1,107,892,105.68, improving from a loss of ¥1,162,014,120.08[167] - The company reported a net loss of ¥69,325,159.65, compared to a net profit of ¥4,697,100.31 in the previous period, indicating a significant decline in profitability[186] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥117,671,685.58, a decline of 312.11% compared to a positive cash flow of ¥55,477,003.94 in 2017[20] - The total assets decreased by 47.69% to ¥395,146,148.29 at the end of 2018 from ¥755,408,587.95 at the end of 2017[20] - The net cash flow from operating activities was -11,767,171.58 CNY, compared to 5,547,703.94 CNY in the previous year, indicating a significant decline[33] - Cash received from sales of goods and services increased by 16.91% to ¥309,516,064.53 from ¥264,756,976.98 in the previous year[41] - Cash paid for purchasing goods and services surged by 174.10% to ¥403,292,195.51 from ¥147,133,691.16 in the previous year[41] - Cash and cash equivalents decreased to ¥223,158,795.42 from ¥339,500,087.67, a decline of approximately 34.3%[166] - Total current assets slightly decreased to ¥390,132,027.94 from ¥398,778,380.25, a decline of about 2.1%[166] - Total non-current assets decreased to ¥5,014,120.35 from ¥356,630,207.70, a significant drop of approximately 98.6%[166] - Total current liabilities decreased to ¥57,948,959.13 from ¥516,488,207.07, a reduction of approximately 88.8%[167] - Total liabilities decreased to ¥92,002,059.13 from ¥572,133,207.07, a decline of about 83.9%[167] Shareholder and Equity Information - The net assets attributable to shareholders increased by 25.40% to ¥303,144,089.16 at the end of 2018 from ¥241,749,390.87 at the end of 2017[20] - The total equity attributable to shareholders at the end of the period was 303,144,089.16, reflecting a change from the previous period[200] - The company has no profit distribution plan for 2018 due to negative distributable profits, as the available profit for distribution was negative[59] - The company has not proposed any capital reserve increase plan for 2018 due to the lack of distributable profits[59] - The capital reserve increased to RMB 1,118,882,303.13 from RMB 1,049,869,137.13, reflecting a growth of approximately 6.5%[174] Operational Challenges and Risks - The company faced risks due to the bankruptcy reorganization of its subsidiary, Oasis Company, which may impact its operations[9] - The company’s subsidiary, Nanning Oasis Chemical Co., Ltd., was placed under bankruptcy reorganization on June 22, 2018, due to inability to repay debts[148] - The company lost control over its subsidiary as of September 11, 2018, and ceased to consolidate its financial results[148] - The company is actively pursuing asset disposal to align with the overall strategy of the group[56] Governance and Management - The company has appointed Ruihua Certified Public Accountants as its auditing firm for the 2018 financial year, with an audit fee of ¥230,000[64] - The company’s governance structure complies with relevant laws and regulations, ensuring the protection of shareholders' rights[123] - The board of directors and supervisory board were supplemented to enhance the corporate governance structure[124] - The company has a diverse board with members holding advanced degrees and significant experience in finance, law, and engineering[101] - The company has not faced any penalties from securities regulatory agencies in the past three years[118] Future Outlook and Strategic Initiatives - The company plans to expand its trading business and increase trade volume to improve operational performance amid rising trade risks[27] - The company is investing in new technology development, allocating 100 million yuan for R&D initiatives[108] - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[108] - The management emphasized the importance of risk management, with a new framework being implemented to mitigate operational risks[108] - The company aims to improve operational efficiency by 10% through process optimization initiatives[108]

Financial Performance - The company's operating revenue for 2018 was ¥275,441,563.89, representing a 28.62% increase compared to ¥214,156,287.46 in 2017[20] - The net profit attributable to shareholders for 2018 was ¥54,122,014.40, a significant recovery from a loss of ¥32,479,915.07 in 2017[20] - The basic earnings per share for 2018 was ¥0.23, recovering from a loss of ¥0.14 in 2017[20] - The weighted average return on net assets was 19.87% for 2018, compared to -12.85% in 2017[20] - The company reported a net loss of approximately ¥72.9 million for the period from January 1, 2018, to September 10, 2018[52] - The total comprehensive income for 2018 was RMB 44,876,618.84, contrasting with a comprehensive loss of RMB 68,199,008.28 in the previous year, highlighting a positive turnaround[181] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥117,671,685.58, a decline of 312.11% compared to a positive cash flow of ¥55,477,003.94 in 2017[20] - Cash and cash equivalents decreased to ¥223,158,795.42 from ¥339,500,087.67, a decline of approximately 34.3%[166] - Total assets decreased by 47.69% to ¥395,146,148.29 at the end of 2018 from ¥755,408,587.95 at the end of 2017[20] - Total current assets slightly decreased to ¥390,132,027.94 from ¥398,778,380.25, a decline of about 2.1%[166] - Total non-current assets decreased to ¥5,014,120.35 from ¥356,630,207.70, a significant drop of approximately 98.6%[166] Liabilities and Equity - The total liabilities decreased by 83.92% to 9,200.21 CNY, reflecting improved financial stability[30] - Shareholders' equity increased to ¥303,144,089.16 from ¥241,749,390.87, an increase of approximately 25.4%[167] - The company reported an accumulated deficit of ¥1,107,892,105.68, improving from ¥1,162,014,120.08[167] Operational Highlights - The company achieved operating revenue of 275,441,563.89 CNY, representing a year-on-year increase of 28.62%[30] - The gross margin for the trading sector was 3.04%, down 2.83 percentage points from the previous year[34] - The company plans to expand its trading business to mitigate risks associated with global economic uncertainties[27] Risks and Challenges - The company faced significant risks due to the bankruptcy restructuring of its subsidiary, Oasis Company, which may impact its operations[7] - Nanning Oasis Chemical Co., Ltd. was subject to bankruptcy reorganization due to inability to repay debts, with the court accepting the reorganization application on June 22, 2018[67] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,060[86] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, accounting for 32.00% of total shares[88] Governance and Management - The company has established a sound corporate governance structure that complies with relevant laws and regulations[123] - The board of directors has approved a new incentive plan for key executives to align their interests with long-term company performance[108] - The company has retained Ruihua Certified Public Accountants for the 2018 financial audit, with a fee of ¥230,000[64] Future Outlook - The company plans to focus on market expansion and new product development as part of its strategic initiatives moving forward[179] - The company provided a positive outlook for the next quarter, projecting a revenue increase of 10% to 1.32 billion yuan[108]

Financial Performance - Operating revenue for the first nine months decreased by 38.56% to CNY 128,449,253.48 compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 49,790,442.12, a significant improvement from a loss of CNY 1,859,297.92 in the same period last year[6]. - The weighted average return on net assets increased to 18.42% from -0.70% year-on-year[6]. - Basic and diluted earnings per share improved to CNY 0.2117 from a loss of CNY 0.0079 in the same period last year[6]. - The company reported a total profit of 59,909,980.75 for Q3, compared to a loss of 9,382,912.40 in the same period last year[26]. - The company achieved an operating profit of 40,814,834.11 for the first nine months, compared to a loss of 9,230,511.95 in the same period last year[25]. - The company reported a net profit of 40,545,046.56 for the first nine months, a significant improvement from a loss of 9,382,912.40 in the previous year[26]. Assets and Liabilities - Total assets decreased by 47.17% to CNY 399,099,889.95 compared to the end of the previous year[6]. - Net assets attributable to shareholders increased by 23.60% to CNY 298,812,516.88 compared to the end of the previous year[6]. - Total liabilities and equity amounted to CNY 399,099,889.95, consistent with the total assets[18]. - Current liabilities totaled CNY 63,363,873.07, up from CNY 46,344,623.77 at the beginning of the year, indicating a significant increase of approximately 36.7%[22]. - Non-current liabilities decreased from CNY 45,645,000.00 to CNY 36,923,500.00, reflecting a reduction of about 19%[22]. - The company reported a total liability of CNY 100,287,373.07, compared to CNY 91,989,623.77 at the beginning of the year, marking an increase of about 9.1%[22]. Cash Flow - The net cash flow from operating activities for the first nine months was negative at CNY -136,435,641.16, a decline of 304.03% compared to the previous year[6]. - Cash inflow from operating activities was CNY 158,125,694.24, down 38.7% from CNY 257,811,967.14 in the same period last year[32]. - Cash outflow for purchasing goods and services reached CNY 274,398,788.67, significantly higher than CNY 119,210,794.78 in the previous year[32]. - Cash flow from financing activities showed a net inflow of CNY 90,000,000.00, indicating successful fundraising efforts[33]. - The ending cash and cash equivalents balance was CNY 204,183,224.75, down from CNY 350,903,902.71 at the end of the previous year[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,261[8]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares[8]. Inventory and Receivables - Accounts receivable increased by 63.13% to CNY 37,346,565.38 due to increased trade volume[9]. - Inventory surged by 991.72% to CNY 120,219,107.76, indicating a significant increase in stock[9]. - Other current assets rose by 77.06% to CNY 19,748,582.03, driven by an increase in unreduced VAT input tax[9]. - Accounts receivable increased to CNY 40,878,771.53 from CNY 28,163,168.09, reflecting a growth of about 45.3%[21]. - Inventory surged to CNY 120,219,107.76 from CNY 11,011,914.70, indicating a significant increase of approximately 990%[21]. Other Financial Metrics - Non-recurring gains and losses amounted to CNY 63,289,432.03 for the first nine months[7]. - The company reported a significant decrease in cash flow from sales of goods and services, totaling CNY 145,058,464.71, down from CNY 256,251,883.52[32]. - The company received CNY 12,854,379.36 in cash related to operating activities, a 923.81% increase compared to the previous period[10]. - The company’s financial expenses increased by 52.99% to CNY 14,263,872.83 due to higher interest expenses from the subsidiary[10].

Financial Performance - The company achieved operating revenue of CNY 66,418,447.15, representing a 199.14% increase compared to the same period last year, which was CNY 22,203,247.67[16] - The net profit attributable to shareholders was a loss of CNY 12,673,547.27, compared to a loss of CNY 9,345,932.20 in the same period last year[16] - The net cash flow from operating activities was a negative CNY 83,271,382.47, an improvement from a negative CNY 139,397,368.31 in the previous year[16] - The company's operating revenue for the current period reached ¥66,418,447.15, a significant increase of 199.14% compared to ¥22,203,247.67 in the same period last year[25] - Operating costs also rose to ¥64,328,750.91, reflecting a 209.15% increase from ¥20,808,589.44 year-on-year, primarily due to increased trade sales volume[25] - The net loss for the period increased from CNY -1,162,014,120.08 to CNY -1,174,687,667.35, worsening by about 1.09%[69] - The total comprehensive loss for the current period was -¥19,364,934.19, compared to -¥16,107,824.30 in the prior period[78] Assets and Liabilities - The company's total assets decreased by 0.73% to CNY 749,859,236.32 from CNY 755,408,587.95 at the end of the previous year[16] - The net assets attributable to shareholders decreased by 3.10% to CNY 234,267,133.60 from CNY 241,749,390.87 at the end of the previous year[16] - Total assets decreased from CNY 755,408,587.95 to CNY 749,859,236.32, a decline of approximately 0.73%[68] - Total liabilities rose from CNY 572,133,207.07 to CNY 575,769,789.63, an increase of about 0.56%[68] - The total liabilities of Nanning Oasis Chemical Co. were 480.47 million yuan, representing 83.98% of the consolidated total liabilities[41] Cash Flow - The net cash flow from investing activities was positive at ¥11,836,462.17, compared to a negative cash flow of -¥913,894.45 in the same period last year, attributed to income from the disposal of fixed assets by a subsidiary[25] - The company reported no financing cash flow for the current period, a decrease of 100% from ¥90,000,000.00 in the previous year[25] - Cash inflow from investment activities amounted to ¥12,163,000.00, with no inflow recorded in the previous period[84] - The net increase in cash and cash equivalents was -¥71,434,920.30, compared to -¥50,311,262.76 in the prior period, indicating a worsening of approximately 42.0%[84] Governance and Management - The company has improved its governance structure by supplementing its board of directors and supervisory board[23] - The company is in the process of integrating party-building work into its corporate governance as per regulatory requirements[23] - The company aims to improve its governance and internal control systems to enhance management capabilities and execution[43] Business Strategy - The company is focusing on diversifying its trade operations beyond chemical products to enhance profitability[23] - The company plans to diversify its business structure from chemical product trading to a more diversified operation to enhance revenue and profitability[43] Subsidiary Performance - The subsidiary, Nanning Oasis Chemical Co., Ltd., reported a net loss of -¥13,655,891.66 for the current period[33] - The total assets of Nanning Oasis Chemical Co., a subsidiary, were 361.14 million yuan, accounting for 47.81% of the consolidated total assets[41] - The net assets of Nanning Oasis Chemical Co. were -119.33 million yuan, indicating significant financial distress due to construction delays[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,438[58] - The largest shareholder, Nanning Chemical Group Co., Ltd., held 75,248,058 shares, accounting for 32.00% of the total shares[60] - There were no changes in the total number of shares and share capital structure during the reporting period[57] Legal and Compliance - The company has faced significant litigation, including a contract dispute with a total claim of 15.33 million yuan, which is currently in the debt confirmation stage[46] - The company has not disclosed any major litigation or arbitration matters during the reporting period[47] - The company has not faced any penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[48] Environmental and Regulatory Compliance - The company has no hazardous chemical production facilities and has no pollution sources[54] - The company did not disclose any environmental information due to not being classified as a key pollutant discharge unit[55] Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards, ensuring compliance and accuracy[103] - The company has not reported any changes in significant accounting policies or estimates during the reporting period[193] - The company recognizes revenue from product sales when the risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[182] Risk Management - The company is currently facing risks due to the ongoing relocation of its production facilities, which has not progressed as expected, impacting its operational capabilities[35]

2018 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 2018 年第一季度报告 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2018 年第一季度报告 一、 重要提示 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 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | | | | 末增减(%) | | | 总资产 | 746,863,077.89 | 755,408,587.95 | -1.13 | | | 归属于上市公司股东的净资产 | 238,164,080.52 | 241,749,390.87 | -1.48 | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的现金流量净额 | -25,422,463.88 | -50,363 ...