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]

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].