Financial Performance - The company's operating revenue for 2017 was approximately ¥214.16 million, representing a 198.51% increase compared to ¥71.74 million in 2016[20]. - The net profit attributable to shareholders for 2017 was approximately -¥32.48 million, a decrease of 640.05% from a profit of ¥6.01 million in 2016[20]. - The net cash flow from operating activities was approximately ¥55.48 million, a significant improvement from -¥74.24 million in 2016[20]. - The total assets at the end of 2017 were approximately ¥755.41 million, a decrease of 21.84% from ¥966.44 million at the end of 2016[21]. - The total liabilities amounted to ¥572.13 million, down 22.19% compared to the previous year[30]. - The company reported a weighted average return on equity of -12.85%, a decrease of 15.18 percentage points from the previous year[25]. - The company recorded a loss of RMB 72.90 million from its subsidiary, while the parent company achieved a profit of RMB 4.70 million through trade and inventory management[31]. - The company reported a total comprehensive income of -¥68,199,008.28 for the current period, compared to -¥19,559,606.14 in the previous period[140]. Assets and Liabilities - Total assets decreased from ¥966,437,931.49 to ¥755,408,587.95, a decline of approximately 22%[133]. - Total liabilities decreased from ¥735,321,542.33 to ¥572,133,207.07, a reduction of about 22%[133]. - The total current assets decreased from RMB 559,301,654.42 to RMB 398,778,380.25, a reduction of approximately 28.7%[132]. - The total non-current assets decreased from RMB 407,136,277.07 to RMB 356,630,207.70, representing a decline of about 12.4%[132]. - The total liabilities of the subsidiary were 480.47 million RMB, representing 83.98% of the consolidated total liabilities, with a net asset value of -119.33 million RMB[166]. Operational Challenges - The company has no production operating assets, and its subsidiary faced delays in construction due to land delivery issues, raising concerns about the company's going concern ability[4]. - The company has disclosed significant risks related to its operations, including the inability to resume normal production activities within three months[7]. - The construction of the Nanning Oasis Chemical project has been delayed due to land delivery issues, impacting the company's operational performance and future development[62]. - The company is facing significant uncertainty regarding its ability to continue as a going concern due to the financial condition of its subsidiary[120]. Business Strategy and Future Outlook - The company plans to gradually reduce its original business volume of liquid alkali and hydrochloric acid, focusing on recovering and reducing accounts receivable[30]. - The company intends to transfer 51% of its stake in Nanning Oasis Chemical Co., Ltd. to its controlling shareholder for RMB 1, although this transaction was not approved by the shareholders[30]. - The company plans to diversify its business structure from chemical product trading to a more diversified operation to enhance profitability and mitigate operational difficulties[62]. - Future guidance suggests a cautious but optimistic outlook for revenue growth in the next fiscal year[94]. Governance and Compliance - The company appointed Ruihua Certified Public Accountants as the auditor for the 2017 fiscal year, with an audit fee of RMB 230,000[67]. - The board of directors and management have adhered to legal and regulatory requirements, ensuring compliance with corporate governance standards[106]. - The company has not faced any penalties from securities regulatory agencies in the past three years[101]. - The financial statements prepared by the company comply with the requirements of the accounting standards and reflect the financial position as of December 31, 2017, and the operating results for the year[168]. Employee and Management Information - The total number of ordinary shareholders at the end of the reporting period was 10,621, an increase from 10,292 at the end of the previous month[83]. - The total number of employees in the parent company is 380, with a combined total of 386 employees including major subsidiaries[102]. - The company implemented training for 45 personnel in 2017, focusing on professional management and skills development[103]. - The company has established a performance evaluation and incentive mechanism for senior management, in accordance with its compensation plan[113]. Legal Matters - The company is involved in a significant lawsuit regarding a contract dispute, with a claim for RMB 13.64 million in unpaid goods, and a settlement amount of RMB 15,327,217.02[68]. - Another ongoing lawsuit involves a construction contract dispute, with a total claim amount of RMB 19,401,717.46 for overdue payments and penalties[69]. - The company has no major litigation or arbitration matters pending as of the report date[72]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, adhering to the relevant accounting standards[164]. - The company uses RMB as its functional currency for accounting purposes[171]. - The company assesses financial assets for impairment at each reporting date, recognizing impairment losses when there is objective evidence of impairment[194]. - The company recognizes foreign exchange differences related to foreign currency monetary items in profit or loss, except for certain capitalized amounts[185].

Financial Performance - Operating revenue increased significantly by 352.41% year-on-year, reaching ¥209,068,859.80[7] - Net profit attributable to shareholders was a loss of ¥1,859,297.92, an improvement from a loss of ¥32,908,682.39 in the same period last year[7] - The company's net profit for the year is expected to show significant changes compared to the previous year, but specific figures were not disclosed[12] - Total revenue for the third quarter was ¥186,865,612.13, a significant increase from ¥6,017,441.97 in the same period last year[25] - The net profit for the quarter was ¥6,724,911.90, a recovery from a net loss of ¥37,693,761.28 in the same quarter last year[26] - The net profit for the third quarter was ¥8,279,447.37, compared to a net loss of ¥10,760,672.86 in the same period last year, indicating a turnaround in profitability[29] - The total profit for the first nine months was ¥5,971,402.87, a recovery from a loss of ¥10,760,672.86 in the same period last year[29] Cash Flow - Net cash flow from operating activities was ¥66,869,044.73, a turnaround from a negative cash flow of ¥37,375,504.86 in the previous year[7] - Cash flow from operating activities generated a net amount of ¥66,869,044.73, a substantial improvement from a net outflow of ¥37,375,504.86 in the previous year[32] - Cash inflow from operating activities increased significantly to $257.81 million from $114.00 million year-over-year, representing a growth of 126.5%[36] - Net cash flow from operating activities turned positive at $67.55 million compared to a negative $40.35 million in the same period last year[36] - Cash inflow from financing activities totaled $90.00 million, with cash outflow for financing activities amounting to $52.74 million, resulting in a net cash flow of $37.26 million[37] - The net increase in cash and cash equivalents for the period was $157.53 million, compared to a decrease of $93.09 million in the previous year[37] - The ending balance of cash and cash equivalents reached $350.79 million, up from $321.85 million year-over-year[37] Assets and Liabilities - Total assets decreased by 16.34% from the end of the previous year, amounting to ¥808,514,664.29[7] - Total assets decreased to ¥808,514,664.29 from ¥966,437,931.49, indicating a reduction in overall asset base[17] - The total assets decreased from ¥554,022,488.75 at the beginning of the year to ¥401,474,804.20 by the end of the reporting period[22] - Total liabilities decreased to ¥576,602,187.53 from ¥735,321,542.33, reflecting a reduction in financial obligations[18] - The total liabilities also decreased from ¥255,263,506.25 to ¥96,744,418.83, reflecting improved financial stability[22] - The total owner's equity increased to ¥304,730,385.37 from ¥298,758,982.50, indicating a positive trend in shareholder value[22] Shareholder Information - The total number of shareholders reached 10,992, indicating a stable shareholder base[10] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares, totaling 75,248,058 shares[10] Operational Efficiency - Management expenses decreased by 60.50% to ¥902.81 from ¥2,285.70 due to lower personnel-related costs[11] - The company reported a significant reduction in management expenses, which decreased to ¥4,099,685.48 from ¥16,991,839.05 year-on-year, a decline of 75.8%[28] - The company plans to continue focusing on cost management and operational efficiency to sustain profitability in future quarters[25] Inventory and Receivables - Accounts receivable decreased by 32.19% to ¥25,071,128.73 from ¥36,974,104.47 due to accelerated cash collection[11] - Inventory dropped significantly by 99.97% to ¥50,084.23 from ¥174,236,903.07 as the company sold off its stock[11] - The company reported a significant reduction in accounts receivable, which decreased from ¥36,974,104.47 to ¥25,071,128.73[21] Earnings Per Share - The company reported a basic earnings per share of -0.0079, an improvement from -0.1399 in the previous year[7] - The basic earnings per share for the quarter was ¥0.0318, compared to a loss of ¥0.0778 in the same quarter last year[26]

Financial Performance - The company reported a revenue of CNY 22,203,247.67 for the first half of 2017, a decrease of 44.76% compared to CNY 40,195,227.57 in the same period last year[19]. - The net profit attributable to shareholders was a loss of CNY 9,345,932.20, improving from a loss of CNY 14,624,465.55 in the previous year[19]. - Operating revenue decreased by 17.99 million yuan, a decline of 44.76%, primarily due to reduced sales volume of liquid alkali[27]. - The net loss attributable to the parent company for the first half of 2017 was CNY -9,345,932.20, compared to a loss of CNY -14,624,465.55 in the same period last year, representing a 36.5% improvement[73]. - The company reported a significant reduction in management expenses, which fell to CNY 6,867,484.09 from CNY 17,902,062.67, a decrease of 61.7%[72]. - The company reported a total comprehensive loss of RMB 12,678,226.76 for the current period[91]. Cash Flow and Liquidity - The operating cash flow for the period was negative at CNY -139,397,368.31, slightly better than CNY -145,056,516.00 in the same period last year[19]. - Net cash flow from operating activities was -139,397,368.31 yuan, compared to -145,056,516.00 yuan in the previous period[27]. - Cash and cash equivalents at the end of the period were 144,662,016.43 yuan, accounting for 17.92% of total assets, down from 29.49% in the previous period[30]. - Cash and cash equivalents decreased to CNY 144,460,502.92 from CNY 283,265,262.83, a decline of 49.1%[68]. - The ending balance of cash and cash equivalents is ¥144,662,016.00, down from ¥216,675,445.57 in the previous period[79]. Assets and Liabilities - The company’s net assets attributable to shareholders decreased by 1.57% to CNY 259,692,083.74 from CNY 263,846,725.94 at the end of the previous year[19]. - Total current assets decreased from 559,301,654.42 RMB to 402,277,467.62 RMB, a reduction of approximately 28.1%[63]. - Total liabilities decreased from 735,321,542.33 RMB to 582,097,625.90 RMB, a decline of about 20.9%[65]. - The company reported a total asset value of 807,285,190.76 RMB, down from 966,437,931.49 RMB, a decrease of about 16.4%[65]. - The total equity at the end of the current period was RMB 255,539,689.03, down from RMB 268,217,915.79 at the end of the previous period[91]. Operational Focus and Strategy - The primary business focus remains on trading chemical products such as caustic soda and calcium hypochlorite[23]. - The company plans to leverage existing marketing channels and trade partnerships to maintain its main business revenue, focusing on products like caustic soda and calcium hypochlorite[43]. - The company aims to enhance trade scale and profitability by utilizing resources from its controlling shareholder, Nanhua Group, and the Beibu Gulf Port Group[43]. - The company is actively managing receivables and seeking to recover debts while optimizing the use of idle funds[43]. Risks and Challenges - The company has acknowledged potential risks in its operations and has detailed these in the report[6]. - The company is currently facing risks due to the ongoing production halt and is unable to resume normal operations within the next three months[37]. - There is a significant uncertainty regarding the future operational situation due to the slow progress of the Nanning Oasis Chemical project, which has affected its market outlook[43]. - The company has ongoing litigation involving a payment dispute amounting to 13.64 million yuan, with a court ruling requiring repayment of 15.33 million yuan[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,487[54]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, representing 32.00% of total shares[56]. - The second-largest shareholder, Fu Ruichang, reduced his holdings by 1,810,388 shares, now holding 7,491,422 shares, which is 3.19%[56]. Accounting Policies and Financial Reporting - The financial statements were prepared based on the assumption of going concern, despite the significant accumulated losses[98]. - The company follows the accounting standards issued by the Ministry of Finance, ensuring compliance with relevant regulations[99]. - The company has not made any significant changes in accounting policies or prior period error corrections during this reporting period[84]. - 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[176].

2017 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 2017 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 | 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 | 903,444,871.78 | 966,437,931.49 | -6.52 | | 归属于上市公司股东的净 | 261,532,853.31 | 263,846,725.94 | -0.88 | | 资产 | | | | | | 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 | -50,363,387.08 | -85,220,141.68 | 不适用 | | 净额 | | | | | | ...

Financial Performance - In 2016, Nanning Chemical Industry Co., Ltd. reported a total revenue of 84.86 million RMB and a net profit of 33.48 million RMB, indicating ongoing operational losses in its main business[2]. - The company achieved operating revenue of CNY 71,742,117.67 in 2016, representing a year-on-year increase of 12.20%[19]. - The net profit attributable to shareholders was CNY 6,014,231.40, a significant recovery from a loss of CNY 41,835,182.39 in the previous year[19]. - The net cash flow from operating activities was negative CNY 74,237,942.88, an improvement from negative CNY 85,435,567.58 in 2015[19]. - The company's net assets increased by 5.38% to CNY 263,846,725.94 compared to the previous year[19]. - The basic earnings per share for 2016 was CNY 0.0256, recovering from a loss of CNY 0.1779 in 2015[20]. - The company reported a total debt of CNY 735,321,500, with a debt-to-asset ratio of 76.09%[31]. - The company reported a comprehensive income total of CNY -19,559,606.14, improving from CNY -61,147,913.75 in the prior year[125]. - The total liabilities at the end of the period amount to CNY 1,135,548,436.41, indicating a significant financial obligation[141]. - The company reported a total comprehensive income loss of RMB 72,734,176.29 for the year[145]. Operational Challenges - The company has faced significant uncertainties regarding its future production and operational conditions due to delays in land delivery for construction projects[2]. - The company has no production operating assets, and the slow progress of its subsidiary's construction poses operational risks[5]. - The company has been under continuous delisting risk warning since April 23, 2015, due to consecutive losses in 2014 and 2015[5]. - The company has faced significant uncertainty regarding its future operations due to delays in land delivery for the Nanning Oasis Chemical project, impacting its construction progress[50]. - The company has no operating assets and faces operational risks due to the failure of its subsidiary, Nanning Oasis Chemical Co., Ltd., to commence production on schedule[105]. - The company has faced significant uncertainties regarding its future operational capabilities due to asset disposals and construction delays[115]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 13,103, an increase from 12,481 at the end of the previous month[75]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 75,248,058 shares, accounting for 32.00% of the total shares[77]. - The second-largest shareholder, Fu Ruichang, holds 9,301,810 shares, representing 3.96% of the total shares[77]. - The actual controller of the company is Guangxi Beibu Gulf International Port Group Co., Ltd., holding 89.89% of the shares[80]. - The total owner's equity at the end of the period is CNY 298,758,982.50, showing a decrease from CNY 268,217,915.79 in the previous year[144]. Management and Governance - The company has appointed new directors and supervisors as part of the board restructuring, including the appointment of Wei Tao as Chairman[92]. - The company has a remuneration policy for directors and senior management, which is reviewed annually by the compensation and assessment committee[89]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounts to 117.42 million yuan[86]. - The company has maintained a stable management team with no significant changes in personnel during the reporting period[86]. - The company has completed the election of the board of directors and supervisory board, as well as the appointment of senior management during the reporting period[99]. Financial Reporting and Audit - The company's financial report for 2016 received a non-standard unqualified audit opinion due to ongoing uncertainties regarding its operational viability[56]. - The company received an unqualified audit report with emphasis on matters from Ruihua Certified Public Accountants, indicating ongoing business risks[57]. - The financial statements for the year ended December 31, 2016, were audited and found to fairly present the financial position and results of operations[114]. - The financial statements were prepared based on the assumption of going concern, despite uncertainties regarding the company's ability to continue operations[152]. Future Plans and Strategies - The company plans to apply for the removal of the delisting risk warning from the Shanghai Stock Exchange, contingent on approval[5]. - The company plans to enhance its receivables management and effectively utilize unused funds through various financial management methods[49]. - The company aims to leverage the resources of its controlling shareholder to expand trade scale and increase profitability[48]. - The company plans to focus on market expansion and new product development to drive future growth[123]. Asset Management - The total assets of the subsidiary Nanning Oasis Chemical Co., Ltd. at the end of 2016 amounted to 413.30 million RMB, with total liabilities of 480.09 million RMB, resulting in a negative net asset of 66.80 million RMB[2]. - The company's cash and cash equivalents decreased to CNY 284.97 million from CNY 415.18 million, indicating liquidity challenges[117]. - The company's inventory surged to CNY 174.24 million from CNY 2.52 million, suggesting potential overstocking or production issues[117]. - The company has fully suspended production during the reporting period and has not experienced any major safety or environmental accidents[70]. Cost Management - The company reported a significant reduction in management expenses, down 86.33% to RMB 26,184,664.43 from RMB 191,543,783.52[37]. - The company implemented effective cost control measures, resulting in reduced operating costs during the reporting period[63]. - Total operating costs decreased significantly to CNY 101,681,928.61 from CNY 312,571,644.48, indicating a reduction in expenses[124]. Compliance and Regulatory Matters - The company has not reported any penalties from securities regulatory agencies in the past three years[93]. - The company has not disclosed any major contracts or significant changes in its financial obligations during the reporting period[70]. - The company has not engaged in any major external investments or derivative investments during the reporting period[70].

Financial Performance - Operating revenue increased by 55.77% to CNY 46,212,669.54 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 32,908,682.39, compared to a loss of CNY 10,175,297.37 in the same period last year[6]. - The weighted average return on net assets was -13.84%[6]. - Basic and diluted earnings per share were both CNY -0.1399[6]. - Total operating revenue for the period was CNY 6,017,441.97, a decrease of 21.9% compared to CNY 7,696,059.42 in the same period last year[23]. - Net loss attributable to the parent company was CNY -18,284,216.84, compared to a profit of CNY 19,830.23 in the same period last year[24]. - The company reported a gross profit margin of -1.4% for the current period, compared to 0.3% in the same period last year[23]. - Basic and diluted earnings per share were both CNY -0.0778, compared to CNY 0.0001 in the same period last year[24]. - Operating revenue for the first nine months of 2016 was CNY 58,507,630.67, a significant increase of 97.1% compared to CNY 29,667,188.56 in the same period last year[26]. - Net profit for the third quarter was CNY 1,917,553.90, compared to a net profit of CNY 963,972.22 in the same quarter last year, indicating a year-over-year increase of 98.5%[27]. - The company reported a total operating profit of negative CNY 15,361,814.86 for the first nine months, an improvement from negative CNY 81,413,901.1 in the same period last year[26]. - The company recorded a total comprehensive income of CNY 1,917,553.90 for the third quarter, compared to CNY 963,972.22 in the same quarter last year, marking an increase of 98.5%[27]. Assets and Liabilities - Total assets decreased by 7.60% to CNY 837,556,247.61 compared to the end of the previous year[6]. - The company's total assets as of September 30, 2016, were 837,556,247.61 RMB, down from 906,406,989.22 RMB at the beginning of the year[17]. - The company's total liabilities decreased from 673,152,173.92 RMB to 643,221,074.84 RMB, reflecting a reduction of approximately 4.5%[18]. - The total assets decreased to CNY 420,676,740.74 from CNY 467,250,058.48 at the beginning of the year, reflecting a decline of 10%[21]. - Total liabilities decreased to CNY 163,219,497.81 from CNY 199,032,142.69, a reduction of 17.9%[21]. - The company’s total equity decreased to CNY 257,457,242.93 from CNY 268,217,915.79, a decline of 4%[21]. Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY 37,375,504.86, compared to a net outflow of CNY 73,536,810.05 in the same period last year[6]. - Cash received from tax refunds amounted to 460.16 million RMB, a significant increase of 679.27% compared to the previous period[12]. - The company’s cash and cash equivalents decreased to CNY 321,848,395.08 from CNY 414,942,067.02 at the beginning of the year, a decline of 22.3%[20]. - Total cash and cash equivalents at the end of the period stood at CNY 324,268,567.14, compared to CNY 12,523,843.66 at the end of the same period last year, reflecting a substantial increase[31]. - Cash inflow from operating activities totaled CNY 115,246,801.44, compared to CNY 78,148,100.98 in the previous year, representing an increase of 47.5%[30]. - Operating cash inflow for the period reached ¥114,001,160.19, a significant increase from ¥77,839,733.78 in the same period last year, representing a growth of approximately 46.4%[34]. - The net cash flow from operating activities was -¥40,350,228.88, an improvement compared to -¥75,890,437.12 in the previous year, indicating a reduction in losses[34]. - Cash outflow from operating activities totaled ¥154,351,389.07, slightly higher than ¥153,730,170.90 from the previous year[34]. - Cash flow from financing activities showed a net outflow of -¥52,743,443.06, compared to a net inflow of ¥38,835,385.98 in the same period last year[35]. Shareholder Information - The total number of shareholders was 10,835 at the end of the reporting period[9]. - The largest shareholder, Nanning Chemical Group Co., Ltd., held 32.00% of the shares[9]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,601,625.08 during the reporting period[8]. - The company received tax refunds amounting to ¥4,601,625.08, significantly higher than ¥590,511.35 received in the same period last year, showing an increase of approximately 678.5%[34]. Inventory and Fixed Assets - The company’s inventory increased to CNY 5,081,380.50, up from 2,516,769.30 RMB, indicating a growth of 101.5%[17]. - The company reported a decrease in fixed assets from 69,567,577.19 RMB to 45,532,440.21 RMB, a decline of approximately 34.5%[17]. - The company’s inventory increased to CNY 5,081,380.50 from CNY 2,516,769.30, representing a growth of 101.5%[20]. Cost Management - Total operating costs amounted to CNY 48,312,828.33, an increase of 75.5% from CNY 27,501,625.22 in the previous year[23]. - The company’s cash paid to employees decreased by 59.56% to 2,221.46 million RMB compared to the previous period[12]. - Sales expenses for the first nine months were CNY 1,617,903.39, down from CNY 1,693,588.95 in the previous year, showing a decrease of 4.5%[26]. - The company’s management expenses for the first nine months were CNY 16,991,839.05, a decrease from CNY 74,576,002.83 in the previous year, reflecting a reduction of 77.2%[26]. - The company reported financial expenses decreased significantly to negative CNY 250,892.76 from CNY 1,028,154.28 in the previous year, indicating a reduction of 124.4%[26]. Asset Restructuring - The company is planning to sell 51% of its stake in Nanning Oasis Chemical Co., Ltd., which constitutes a significant asset restructuring[12]. - The company has suspended its stock trading since September 2, 2016, due to the uncertainty surrounding the asset sale[12].

Financial Performance - The company's operating revenue for the first half of 2016 was ¥40,195,227.57, representing an increase of 82.95% compared to ¥21,971,129.14 in the same period last year[20] - The net profit attributable to shareholders of the listed company was -¥14,624,465.55, compared to -¥10,195,127.6 in the previous year, indicating a worsening performance[20] - The net cash flow from operating activities was -¥145,056,516.00, a significant decline from -¥43,776,255.05 in the same period last year[20] - The basic earnings per share for the first half of 2016 was -¥0.0622, compared to -¥0.0434 in the same period last year[21] - The weighted average return on net assets was -6.02% for the first half of 2016, indicating a negative return on investment[21] - The net profit for the first half of 2016 was a loss of CNY 12,678,226.76, compared to a loss of CNY 8,276,710.78 in the previous year, indicating a worsening of approximately 53%[75] - The company reported a significant increase in prepayments, rising to CNY 115,893,491.05 from CNY 6,979,366.10, an increase of 1565.5%[66] - The company reported a total comprehensive loss of CNY 12,678,226.76 for the first half of 2016, compared to a loss of CNY 8,276,710.78 in the same period last year, indicating a decline of approximately 53%[75] Assets and Liabilities - The total assets decreased by 9.02% to ¥824,663,843.57 from ¥906,406,989.22 at the end of the previous year[20] - The net assets attributable to shareholders decreased by 5.84% to ¥235,762,268.99 from ¥250,386,734.54 at the end of the previous year[20] - The company's cash and cash equivalents decreased from ¥415,182,472.70 to ¥216,675,445.57, a decline of approximately 47.8%[63] - Accounts receivable increased from ¥35,396,159.89 to ¥40,789,786.63, representing an increase of about 15.5%[63] - Inventory decreased significantly from ¥2,516,769.30 to ¥167,854.44, a reduction of approximately 93.3%[63] - Total liabilities decreased from ¥673,152,173.92 to ¥607,903,409.52, a reduction of approximately 9.7%[65] - The company's total equity decreased from ¥233,254,815.30 to ¥216,760,434.05, a decline of about 7.1%[65] Shareholder Information - The company has a total of 235,148,140 shares outstanding, with no changes in the share structure during the reporting period[51] - The total number of shareholders at the end of the reporting period was 10,936[53] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares, totaling 75,248,058 shares[55] - The number of shares held by the top ten shareholders with unrestricted shares totals 75,248,058 shares[55] Legal and Regulatory Matters - The company is involved in a lawsuit regarding a payment dispute, with a total amount involved of 1,387.18 million RMB[44] - The company has a pending lawsuit with Guangxi Dongya Paper Industry Co., Ltd. involving a total claim of 377.88 million RMB[46] - There were no significant changes in the company's governance structure, adhering to regulatory requirements[49] - The company has not disclosed any major asset transactions or mergers during the reporting period[48] Financial Reporting and Audit - The report was not audited, and the management has confirmed the accuracy and completeness of the financial report[4] - The company appointed Ruihua Certified Public Accountants as its auditor for the 2016 fiscal year, with audit fees of 260,000 RMB and 120,000 RMB[48] - The financial statements are prepared based on the going concern assumption and in accordance with the relevant accounting standards[98] - The financial statements comply with the requirements of the Chinese Accounting Standards and reflect the company's financial position as of June 30, 2016[100] Operational Insights - The company operates in the chlor-alkali chemical industry, focusing on products such as caustic soda and polyvinyl chloride[92] - The sales revenue from the chlor-alkali chemical sector was 37,025,184.29 CNY, with a year-on-year increase of 130.15%[33] - Operating costs increased by 116.65% to 35,286,930.54 CNY due to higher sales volume[28] - Management expenses decreased by 69.77% to 17,902,062.67 CNY as the company is in a shutdown phase[28] Accounting Policies and Practices - The company has not made any changes to its accounting policies or estimates during the reporting period[50] - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[189] - The company recognizes provisions for liabilities when there is a present obligation likely to result in an outflow of economic benefits[183] - The company conducts impairment tests for investment properties and fixed assets, with specific methods detailed in the financial notes[163] Cash Flow and Financing Activities - The cash flow from operating activities showed a net outflow of CNY 145,056,516.00, compared to a net outflow of CNY 43,776,255.05 in the same period last year, reflecting a decline of approximately 231%[77] - The company paid CNY 52,000,000.00 in other financing activities during the first half of 2016, which is a significant cash outflow compared to previous periods[78] - The cash flow from investing activities showed a net outflow of CNY 707,068.07, which is a decrease from CNY 2,014,055.93 in the previous year, indicating a reduction in investment activity[77]

一、 重要提示 1.4 本公司第一季度报告未经审计。 2016 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 2016 年第一季度报告 1 / 16 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 6 | 2016 年第一季度报告 二、 公司主要财务数据和股东变化 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 公司负责人覃卫国、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） 黄柳芳保证季度报告中财务报表的真实、准确、完整。 2016 年第一季度报告 4 / 16 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 | 83 ...

Financial Performance - The company's operating revenue for 2015 was ¥63,939,529.48, a decrease of 90.05% compared to ¥642,906,631.72 in 2014[17] - The net profit attributable to shareholders for 2015 was -¥41,835,182.39, showing an improvement from -¥241,811,859.27 in 2014[17] - The total assets at the end of 2015 were ¥906,406,989.22, a decline of 35.95% from ¥1,415,164,668.36 in 2014[17] - The net cash flow from operating activities for 2015 was -¥85,435,567.58, an improvement from -¥126,618,328.44 in 2014[17] - The company reported a significant decline in operating revenue, totaling CNY 63.94 million, a decrease of 90.05% compared to CNY 642.91 million in the previous year[32] - The net profit attributable to shareholders was a loss of CNY 41.84 million, reflecting ongoing challenges in the market[30] - The company achieved a net cash inflow from financing activities of CNY 354.59 million, a substantial increase from CNY 3.13 million in the prior year, indicating strong financing support[33] - The company reported a significant increase in cash received from tax refunds, up 164.47% to ¥4,493,246.99, due to refunds of property and land use taxes from previous years[42] - The company reported a net loss of CNY 241,811,859.27 for the current period, which is a significant decline compared to the previous year[148] Assets and Liabilities - The total share capital remained unchanged at 235,148,140 shares as of the end of 2015[17] - The company completed the transfer of assets related to its relocation project to its controlling shareholder, improving its asset quality and turning its net assets positive[29] - The company's fixed assets decreased by 90.23% to ¥69,567,577.19 due to the disposal of assets related to relocation[45] - The total liabilities amounted to CNY 673,152,173.92, compared to CNY 1,630,988,070.76 at the start of the year[126] - The company's total current liabilities were CNY 587,318,273.92, compared to CNY 548,456,671.11 at the beginning of the year[126] Management and Governance - The company has acknowledged significant risks in its annual report, urging investors to pay attention to these risks[5] - The company received an unqualified audit report with emphasis on certain matters from Ruihua Certified Public Accountants[5] - The company has retained a core management team of 170 employees, including 68 technical staff, to support future development[27] - The board acknowledged the significant uncertainties regarding the company's ability to continue as a going concern due to ongoing losses[62] - The company has engaged Ruihua Certified Public Accountants to audit its financial reports, with an audit fee of CNY 260,000 for the year[64] Operational Changes - The company has ceased its relocation project, resulting in a 100% reduction in special payables, which were transferred to capital reserves[45] - The company has no operational assets remaining after completing the disposal of production-related assets and is currently formulating its future development strategy[53] - The company has implemented personnel restructuring, successfully completing the transfer and placement of 622 employees, including 452 in retirement[27] - The company has fully ceased production and has not experienced any major safety or environmental accidents during the reporting period[71] Shareholder Information - The total number of ordinary shares remains unchanged at 235,148,140 shares during the reporting period[75] - The total number of ordinary shareholders at the end of the reporting period was 11,754, an increase from 11,153 at the end of the previous month[79] - The largest shareholder, Nanning Chemical Group Co., Ltd., held 75,248,058 shares, representing 32.00% of total shares[81] - The second-largest shareholder, Fu Ruichang, increased his holdings by 9,854,990 shares, bringing his total to 9,854,990 shares, or 4.19%[81] Future Outlook - The company plans to accelerate the construction of the Nanning Oasis Chemical project and improve its operational capabilities[60] - The company aims to maintain its main business income through cooperative trade by procuring chemical products before project completion[61] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[94] - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[94] Financial Strategy - The company will not distribute profits for the 2015 fiscal year as it reported a negative profit available for distribution[56] - The company has implemented measures to manage receivables and utilize idle funds effectively[61] - The company has transferred certain rights and obligations related to land use contracts to its controlling shareholder, Nanhua Group, to mitigate risks[60] Employee Information - The number of employees in the parent company is 599, while the total number of employees including major subsidiaries is 622[98] - The company has 980 retired employees for whom it bears expenses[98] - The company conducted training for 37 employees during 2015, focusing on skills for employees remaining during the production relocation[101] Compliance and Reporting - The financial statements for the year were approved by the board of directors on March 21, 2016, ensuring compliance with regulatory requirements[160] - The company has adopted the going concern basis for preparing its financial statements, believing it can secure sufficient working capital to support its operations for the next twelve months[164] - The financial statements comply with the requirements of the Chinese Accounting Standards and reflect the company's financial position as of December 31, 2015, and its operating results for the year[165]

2015 年第三季度报告 2015 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当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 公司负责人覃卫国、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 本公司第三季度报告未经审计。 公司代码：600301 公司简称：*ST 南化 南宁化工股份有限公司 2015 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 二、 公司主要财务数据和股东变化 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 | 1,334, ...