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, ...

Financial Performance - The company's operating revenue for the first half of 2015 was ¥111,658,636.58, a decrease of 72.05% compared to ¥399,436,548.14 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2015 was -¥10,195,127.60, compared to -¥27,375,063.47 in the same period last year[15]. - The net cash flow from operating activities was -¥43,776,255.05, an improvement from -¥81,018,103.24 in the previous year[15]. - The company reported a net loss of -¥65,372,626.08 after deducting non-recurring gains and losses[15]. - The company reported a revenue of 111.66 million RMB, a decrease of 72.05% compared to the previous year, which was 399.44 million RMB[19]. - Operating profit was -67.22 million RMB, an improvement from -93.47 million RMB in the same period last year, reducing the loss by 26.25 million RMB[19]. - The company recorded a total comprehensive loss of CNY 8,276,710.78 for the first half of 2015, compared to a loss of CNY 38,189,610.77 in the same period last year[68]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,336,915,036.50, a decrease of 5.53% from ¥1,415,164,668.36 at the end of the previous year[15]. - The net assets attributable to shareholders at the end of the reporting period were -¥216,745,826.05, compared to -¥206,542,891.64 at the end of the previous year[15]. - The company's net assets stood at CNY -154,178,056.96, with a debt-to-asset ratio of 116.38%[40]. - Total liabilities decreased to CNY 1,095,422,519.88 from CNY 1,162,635,013.51, a reduction of about 5.8%[61]. - The total equity at the end of the current period is -154,178,056.96, compared to -145,893,539.37 at the end of the previous period, indicating a decrease of approximately 5.5%[79]. Cash Flow - Cash flow from operating activities was -43.78 million RMB, an improvement from -81.02 million RMB in the previous year[24]. - Cash and cash equivalents dropped to CNY 6,786,712.79 from CNY 53,248,122.63, a decline of approximately 87%[55]. - Cash and cash equivalents at the end of the first half of 2015 were CNY 3,355,794.95, down from CNY 96,900,778.92 at the end of the previous year[71]. Government Support and Subsidies - The company received government subsidies amounting to ¥55,176,598.48, which were included in the non-recurring gains and losses[17]. Operational Challenges - The company faced a significant decline in trade volume due to market shrinkage and increased procurement costs[20]. - The company is currently in a phase of policy-mandated shutdown and relocation preparations, actively promoting the relocation project[19]. - The company has been facing continuous operational losses, leading to the long-term idling of its diaphragm evaporation equipment since June 2010 and the shutdown of its PVC production line since the second half of 2012[40]. Shareholder Information - The company has a total of 10,867 shareholders as of the end of the reporting period[46]. - The company has not implemented any profit distribution plan or capital reserve increase plan during the reporting period[33]. Accounting Policies and Estimates - The financial statements are prepared based on the going concern assumption, despite significant uncertainties regarding the company's ability to continue operations[87]. - The company adheres to the accounting policies and estimates in accordance with the relevant accounting standards, ensuring that the financial statements reflect a true and complete view of its financial position as of June 30, 2015[88]. - Management regularly reviews significant accounting judgments and estimates, which can affect the reported amounts of income, expenses, assets, and liabilities[176]. Inventory and Receivables - The company reported accounts receivable of CNY 68,839,404.88, with a provision for bad debts amounting to CNY 33,642,388.91[193]. - The company applies a percentage of receivables method for estimating bad debt provisions, reflecting a proactive approach to credit risk management[194]. - The total amount of prepayments at year-end was CNY 6,568,947.00, an increase from CNY 5,694,788.37 at the beginning of the year[198]. Impairment and Provisions - The company conducts impairment tests for long-term assets, including investment properties and fixed assets, to ensure their carrying amounts are recoverable[143]. - Inventory impairment is recognized when the cost exceeds the net realizable value, requiring management to evaluate the salability and market conditions[178]. - The company recognizes employee benefits as liabilities in the period they are incurred, including short-term compensations such as wages and bonuses[153].

2015 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 2015 年第一季度报告 1 / 19 | 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 | 2015 年第一季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 非流动资产处置损益 | | | | --- | --- | --- | | 项目 越权审批，或无正式批准文件，或偶发性的税收返 | 本期金额 | 说明 | 3 / 19 2.3 截止报告期末的优先股股东总数、前十名优先股股东、前十名优先股无限售条件股东持股情 况表 □适用 √不适用 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 1,369,819,634.98 1,415,164,668.36 -3.20 归属于上市公司股东 的净资产 -206,272,221.91 -206 ...

Financial Performance - In 2014, the company reported a total revenue of ¥642,906,631.72, a decrease of 5.18% compared to ¥678,019,886.83 in 2013[22] - The net profit attributable to shareholders was -¥241,811,859.27, representing a significant decline of 606.89% from a profit of ¥47,705,333.52 in the previous year[22] - The company's total assets decreased by 35.08% to ¥1,415,164,668.36 from ¥2,179,908,943.37 in 2013[22] - The net cash flow from operating activities was -¥126,618,328.44, compared to -¥23,025,131.28 in 2013, indicating worsening cash flow[22] - The company's net assets attributable to shareholders were -¥206,542,891.64 at the end of 2014, a decline of 938.56% from ¥24,630,566.18 in 2013[22] - The company's operating revenue for the period was CNY 642.91 million, a decrease of 5.18% compared to CNY 678.02 million in the previous year[30] - The net profit attributable to shareholders was CNY -241.42 million, representing a significant increase in loss of 606.06% compared to the previous year's profit[28] - The company reported an operating loss of CNY -419.25 million, which is an increase in loss of CNY 96.07 million from the previous year's loss of CNY -323.18 million[28] - The total operating revenue for the chlor-alkali chemical industry was CNY 150,189,378.11, a decrease of 65.88% year-over-year[43] - The total operating cost for the chlor-alkali chemical industry was CNY 158,358,920.69, a decrease of 69.01% year-over-year[43] - The gross margin for the chlor-alkali chemical industry was -5.44%, an increase of 10.66 percentage points compared to the previous year[43] - The total comprehensive income for the year was a loss of ¥317,864,267.86, compared to a profit of ¥2,328,075.58 in the previous year[146] Cash Flow and Liquidity - The company's cash flow from operating activities was CNY -126.62 million, worsening from CNY -23.03 million in the previous year[30] - The cash received from tax refunds was CNY 1,698,984.26, a decrease of 87.25% from CNY 13,321,966.04 in the previous year[40] - The cash received from other operating activities was CNY 587,240.14, down 99.80% from CNY 293,383,943.39 in the previous year[40] - The cash paid for long-term asset acquisitions was CNY 23,305,836.69, a decrease of 54.40% from CNY 51,107,777.02 in the previous year[41] - The cash paid for debt repayment was CNY 74,426,720.00, a decrease of 100% compared to the previous year[41] - The company reported a significant reduction in cash flow from operations, investments, and financing activities, indicating potential liquidity challenges[155] - Cash flow from operating activities showed a net outflow of ¥126,618,328.44, compared to an outflow of ¥23,025,131.28 in the previous year[151] - Cash flow from investing activities generated a net inflow of ¥65,660,595.05, an increase from ¥61,779,401.06 in the previous year[151] - Cash flow from financing activities resulted in a net inflow of ¥3,132,868.54, compared to a net outflow of ¥47,206,064.02 in the previous year[152] Asset and Liability Management - Total assets decreased from CNY 2,179,908,943.37 at the beginning of the year to CNY 1,415,164,668.36 by year-end, a decline of approximately 35%[140] - Current assets dropped significantly from CNY 425,986,490.43 to CNY 162,798,026.79, representing a decrease of about 62%[140] - Non-current assets also fell from CNY 1,753,922,452.94 to CNY 1,252,366,641.57, a reduction of approximately 29%[140] - Total liabilities decreased from CNY 2,198,916,270.10 to CNY 1,630,988,070.76, a decline of around 26%[141] - The company's total equity turned negative, dropping from CNY -19,007,326.73 to CNY -215,823,402.40, indicating a significant deterioration in financial health[142] - The total amount of guarantees provided by the company, including those to subsidiaries, was 0.00 yuan at the end of the reporting period[71] - The total amount of guarantees provided to subsidiaries during the reporting period was -74 million yuan[71] - The company reported a negative retained earnings of CNY -1,093,713,254.02, worsening from CNY -851,901,394.75 at the beginning of the year[142] Corporate Governance and Management - The audit report issued by Ruihua Certified Public Accountants was a standard unqualified opinion[4] - The company has detailed risk factors in its annual report, which investors are advised to review[9] - The company has committed to maintaining the independence of the listed company in terms of assets, personnel, finance, and operations[73] - The company plans to ensure the fairness of ongoing related transactions through legally binding agreements[73] - The company has established a performance evaluation and incentive mechanism for senior management according to its compensation plan[123] - The board of directors held six meetings during the year, with a mix of in-person and communication methods[121] - The company has complied with relevant laws and regulations regarding corporate governance and has no significant discrepancies[118] - The company has maintained a stable shareholding structure with no changes in shareholdings reported for the current year[103] - The management team has extensive experience, with key members having served since at least 2010 in various leadership roles[104] Strategic Initiatives and Future Plans - The company plans not to distribute profits for 2014 due to negative cumulative distributable profits at the end of the year[2] - The company plans to accelerate the construction of its subsidiary, Nanning Oasis Chemical Co., Ltd., and optimize its organizational structure to improve operational efficiency[60] - The company aims to maintain its main business revenue by utilizing existing marketing channels and trading chemical products while production is halted[60] - The company is currently facing risks related to policy-driven production suspension and relocation, with no substantial progress in planning[55][56] - The company has agreed to transfer its stakes in several subsidiaries to its controlling shareholder, Nanning Chemical Group, as part of a strategic restructuring[69] Employee and Workforce Management - The total number of employees in the parent company is 1,492, with a combined total of 1,529 employees including major subsidiaries[112] - The company implemented training for 77 personnel in 2014, with 30 of those being frontline employees, accounting for 38.96% of total training[114] - The company has a total of 1,076 production personnel, 39 sales personnel, 220 technical personnel, 26 financial personnel, and 168 administrative personnel[112] - The core technology team remained stable during the reporting period, with no changes among key personnel impacting the company's core competitiveness[111] Financial Reporting and Compliance - The company's financial statements were prepared based on the assumption of going concern, despite significant uncertainties regarding its operational capacity[174] - The company’s financial reports comply with the relevant accounting standards and regulations, ensuring transparency and accuracy in financial disclosures[175] - The company uses Renminbi as its functional currency for financial reporting[178] - The company recognizes foreign currency translation differences related to foreign operations in other comprehensive income and transfers them to profit or loss upon disposal[195]

Financial Performance - Operating revenue increased by 12.16% to CNY 597,757,042.18 for the period from January to September[8] - Net profit attributable to shareholders was CNY -142,866,613.52, showing an improvement compared to CNY -196,072,264.33 in the same period last year[8] - Basic and diluted earnings per share were both CNY -0.6076, an improvement from CNY -0.8338 in the previous year[8] - Total operating revenue for the third quarter was CNY 215,150,786.77, an increase of 26.2% compared to CNY 170,426,409.25 in the same period last year[30] - Total operating costs decreased to CNY 248,150,600.17 from CNY 253,008,234.22, reflecting a reduction of 1.7% year-over-year[30] - Net loss for the quarter was CNY 120,249,363.41, compared to a net loss of CNY 80,102,208.50 in the previous year, indicating a worsening of 50%[31] - Operating profit for the quarter was CNY -142,004,030.76, compared to CNY -81,270,901.61 in the same quarter last year, indicating a decline of 74.7%[31] - Basic and diluted earnings per share were both CNY -0.4911, worsening from CNY -0.3117 in the previous year[31] - The company reported an investment loss of CNY -109,004,217.36 for the quarter, compared to a gain of CNY 1,310,923.36 in the same period last year[30] Assets and Liabilities - Total assets decreased by 27.37% to CNY 1,583,275,247.59 compared to the end of the previous year[8] - The company's total assets decreased from RMB 2,179,908,943.37 at the beginning of the year to RMB 1,583,275,247.59, a reduction of approximately 27.4%[22] - The company's total liabilities decreased from RMB 2,198,916,270.10 to RMB 1,669,781,222.86, a decline of about 24%[22] - The company's total equity turned negative at CNY -107,639,304.82, compared to CNY -40,192,566.69 at the beginning of the year[26] Cash Flow - The company reported a net cash flow from operating activities of CNY -101,312,602.15, an improvement from CNY -124,916,903.02 in the previous year[8] - Cash received from other operating activities rose to RMB 575.52 million, an increase of 120.36% attributed to higher leasing income[13] - Cash flow from operating activities showed a net outflow of ¥101.31 million, an improvement from a net outflow of ¥124.92 million in the previous year[38] - The ending balance of cash and cash equivalents was $69,851,633.74, down from $86,848,989.33 at the beginning of the period[42] Shareholder Information - The number of shareholders increased to 15,054, with the largest shareholder holding 32% of the shares[10] Government Support - The company received government subsidies amounting to CNY 21,778,788.15 during the reporting period[11] Investment and Subsidiaries - The company disposed of subsidiaries, leading to significant changes in various financial statement items, including a 61.16% decrease in inventory[12] - The company completed the transfer of 100% equity in Nanning Lion Seat Building Materials Co., Ltd. and other subsidiaries for a nominal price of RMB 1, with registration completed by October 2014[13] - Investment income showed a loss of RMB 10,886.40 million, reflecting a decrease of 2,692.69% due to adjustments from the disposal of subsidiaries[13] Cost Management - Sales expenses decreased significantly to ¥1.57 million from ¥6.62 million year-over-year, indicating improved cost management[35] - Management expenses were reduced to ¥23.79 million from ¥39.67 million, reflecting ongoing efforts to streamline operations[35] Asset Impairment - The company reported an asset impairment loss of RMB 182.23 million, a significant decrease of 86.90% compared to the previous period[13] - The company reported a significant decrease in asset impairment losses, which were not specified in the current period compared to ¥21.87 million in the previous year[35]