股票简称：红星发展 股票代码：600367 编号：临 2019-021 贵州红星发展股份有限公司 2018 年度网上业绩说明会暨投资者集体接待日活动 预告公告 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： 网上交流时间：2019 年 6 月 5 日 15:30 至 17:00 活动交流方式：网络形式 一、说明会类型 本次说明会为公司 2018 年度网上业绩说明会。公司已于 2019 年 3 月 8 日在 上海证券报和上海证券交易所网站披露了公司 2018 年年度报告。对此，公司根 据贵州证券业协会《关于举办 2019 年投资者网上集体接待日活动的通知》，决定 举行公司 2018 年度网上业绩说明会暨投资者集体接待日活动。 二、说明会召开的时间和方式 投资者参与本次网上业绩说明会暨投资者集体接待日活动的网上交流时间 为 2019 年 6 月 5 日 15:30 至 17:00，交流方式为网络形式。 三、公司参加人员 公司总经理梁启波，董事长助理、董事会秘书万洋，证券事务代表陈国强出 席本次网上业绩说明会暨 ...

Financial Performance - Operating revenue for the current period was CNY 379,635,223.73, representing a growth of 9.88% year-on-year[7]. - Net profit attributable to shareholders of the listed company decreased by 23.93% to CNY 16,145,723.18 compared to the same period last year[7]. - Basic and diluted earnings per share were both CNY 0.055, down 24.66% from CNY 0.073 in the same period last year[7]. - The weighted average return on equity decreased by 0.55 percentage points to 1.26%[7]. - Total operating revenue for Q1 2019 was CNY 379,635,223.73, an increase of 9.8% compared to CNY 345,501,628.65 in Q1 2018[37]. - Net profit for Q1 2019 was CNY 19,438,906.90, a decrease of 23.3% from CNY 25,375,348.54 in Q1 2018[38]. - Earnings per share for Q1 2019 were CNY 0.055, down from CNY 0.073 in Q1 2018[39]. - The company reported a total comprehensive income of CNY 7.63 million for Q1 2019, down from CNY 15.45 million in Q1 2018[42]. Cash Flow - The net cash flow from operating activities was CNY 101,343,069.57, a significant recovery from a loss of CNY 50,239,758.82 in the previous year[7]. - Cash flow from operating activities showed a significant improvement, with a net cash inflow of CNY 101.34 million in Q1 2019, compared to a net outflow of CNY 50.24 million in Q1 2018[45]. - Net cash flow from operating activities reached CNY 54,195,942, compared to a negative cash flow of CNY -46,721,115 in the same period last year[48]. - Cash inflow from investment activities was CNY 343,439, a substantial increase from CNY 49,323 in Q1 2018[48]. - Cash outflow for purchasing goods and services decreased to CNY 27,942,032 from CNY 75,728,776, marking a 63.1% reduction[48]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,907,816,876.89, an increase of 0.51% compared to the end of the previous year[7]. - Current assets totaled ¥1,153,699,042.58, slightly down from ¥1,154,451,130.36, indicating a decrease of about 0.1%[26]. - Total liabilities decreased to ¥536,211,491.78 from ¥549,199,729.10, a decline of about 2.4%[28]. - The company reported a total current liability of ¥521,590,160.34, down from ¥534,578,397.66, indicating a decrease of approximately 2.4%[28]. - Total liabilities amounted to CNY 549,199,729.10, with current liabilities at CNY 534,578,397.66[53]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,593[11]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., held 35.25% of the shares, totaling 105,067,336 shares[11]. - The total equity attributable to shareholders as of Q1 2019 was CNY 1,095,388,398.48, an increase from CNY 1,086,052,666.01 in the previous year[33]. Changes in Financial Position - Accounts receivable decreased by 55.54% from the end of the previous year, primarily due to the maturity and payment of notes during the reporting period[14]. - Financial assets available for sale decreased by 100% compared to the end of the previous year, as the company reclassified these assets under new financial instrument standards[16]. - Construction in progress increased by 44.00% from the end of the previous year, attributed to new projects initiated during the reporting period[14]. - Other non-current assets increased by 44.86% compared to the end of the previous year, mainly due to unsettled advance payments for engineering equipment[14]. - Tax payable increased by 49.84% compared to the end of the previous year, due to an increase in value-added tax and income tax payable[14]. Financial Standards and Regulations - The company has implemented new financial and revenue recognition standards, impacting the financial statements[50]. - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of investments and impairment provisions[61]. - The new standards require a "expected credit loss" model for accounts receivable, affecting the recognition of credit impairment losses[61].

Financial Performance - In 2018, the company achieved a total operating revenue of ¥1,593,039,258.42, representing a year-on-year increase of 19.32% compared to ¥1,335,083,506.96 in 2017[24] - The net profit attributable to shareholders of the listed company for 2018 was ¥115,934,974.46, which is a 21.43% increase from ¥95,473,552.42 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥116,854,702.10, reflecting a growth of 27.39% from ¥91,729,509.95 in 2017[24] - The company’s total distributable profit for 2018 was ¥392,772,319.57[5] - The total profit for the period increased by CNY 32.37 million, with a total profit of CNY 151.45 million, up 27.18% year-on-year[60] - The company reported a net profit attributable to shareholders of CNY 21,225,856.88 in the first quarter, with fluctuations in subsequent quarters[28] - The diluted earnings per share remained consistent at CNY 0.40, reflecting stable performance[26] - Basic earnings per share increased by 21.21% to CNY 0.40 compared to 2017[26] Cash Flow and Dividends - The net cash flow from operating activities decreased by 30.74% to ¥90,817,302.91, down from ¥131,119,291.72 in 2017[24] - The company plans to distribute a cash dividend of ¥0.40 per 10 shares, totaling ¥11,921,800, which accounts for 10.28% of the net profit attributable to shareholders[5] - The operating cash flow net amount for the first quarter was CNY -50,239,758.82, while the fourth quarter showed a positive flow of CNY 10,886,068.30[29] - The company’s cash flow from financing activities improved to 34,216,768.96 yuan, primarily due to funds received from equity incentive subscriptions[75] Assets and Liabilities - The net assets attributable to shareholders increased by 9.63% to CNY 1,274,646,120.37 compared to the end of 2017[25] - Total assets rose by 8.82% to CNY 1,898,224,692.89 from the end of 2017[25] - The company’s total assets amount to approximately 724.98 million, with net assets of about 332.62 million[145] - The company has a total outstanding loan of RMB 32 million, which includes RMB 12 million and RMB 20 million due from Rongguang Mining, with the latter being overdue since 2015[191] Production and Sales - The company’s main business includes the research, production, and sales of barium salts, strontium salts, and manganese-based products, with key products such as barium carbonate and electrolytic manganese dioxide[36] - Barium carbonate production increased by 2.52% to 266,045 tons, while sales rose by 5.52% to 281,031 tons, with a significant inventory reduction of 52.17%[82] - High-purity barium chloride production surged by 106.59% to 7,119 tons, and sales increased by 90.46% to 7,565 tons, despite a 48.52% drop in inventory[82] - The company’s actual production of strontium carbonate in 2018 was 21,700 tons, with a production capacity of 30,000 tons per year[153] - The company’s EMD production capacity is 30,000 tons, with an actual output of about 26,400 tons in 2018, primarily consisting of alkaline and lithium manganese products[154] Research and Development - Research and development expenses surged by 186.71% to 8,480,835.44 yuan, primarily due to increased costs associated with flue gas treatment projects[74] - The number of R&D personnel is 409, representing 14.24% of the total workforce[97] - The company invested CNY 53.88 million in R&D in 2018, accounting for 3.38% of its operating revenue[114] - The company completed several R&D projects, including the optimization of high-purity manganese sulfate production processes, resulting in two new patents[67] Market and Competition - The company faces various risks including industry competition, customer volatility, and rising raw material costs, which are detailed in the report[9] - The company maintains a competitive advantage in barium salt products, with the overall production capacity and output ranking first globally in the industry[51] - The company is committed to enhancing R&D investment to improve product quality and diversify its offerings[151] - The company operates in a highly competitive market for barium, strontium, and manganese, facing risks from capacity and price competition[172] Environmental and Safety Management - The company achieved a 100% harmless disposal rate for barium slag, with a total of 144,000 tons utilized, showcasing its commitment to environmental management[63] - The company invested 9,348.98 million RMB in environmental protection operations during the reporting period, enhancing its environmental governance capabilities[140] - The company is committed to strengthening its environmental and safety management practices, recognizing the complexity and long-term nature of these challenges[166] Legal and Compliance - The company has ongoing significant litigation related to loans totaling 1,200,000 RMB, which have not been repaid as of December 2015[189] - The company is involved in multiple ongoing lawsuits, including a claim for RMB 10.9 million against Henan Anfei Electronic Glass Co., Ltd. for unpaid debts[194] - The company has taken steps to enforce court judgments against Rongguang Mining, including the seizure of land assets valued at approximately 295,726 square meters[191] Future Outlook - The projected revenue for 2019 is 1,927.78 million yuan, representing a year-on-year increase of 21.01% compared to 1,593.04 million yuan in 2018[164] - The company plans to enhance production of high-purity manganese sulfate and EMD, with specific projects aimed at increasing capacity and optimizing production processes[161] - The company anticipates a balanced supply and demand for EMD in 2019, despite increased competition from peers expanding their production capacity[155]

2014 年第三季度报告 贵州红星发展股份有限公司 2014 年第三季度报告 1 / 23 | 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 | 9 | 2014 年第三季度报告 一、 重要提示 1.4 本公司第三季度报告未经审计。 | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 度末增减(%) | | 总资产 | 1,799,973,045.12 | 1,766,625,025.501,766,625,025.50 | | 1.89 | | 归属于上市公司 | 1,203,177,081.55 | 1,199,708,329.921,199,708,329.92 | | 0.29 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期增减 | | | （1-9 月） | （1 ...

Financial Performance - The company's operating revenue for the first half of 2014 was approximately RMB 510.44 million, a decrease of 2.43% compared to RMB 523.16 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of RMB 4.03 million, improving from a loss of RMB 24.85 million in the same period last year[19]. - The basic earnings per share for the first half of 2014 was -0.01 yuan, compared to -0.09 yuan in the same period last year[18]. - The total profit for the period was a loss of RMB 5,876,108.26, improving from a loss of RMB 18,237,456.06 in the previous year[21]. - The company reported a net cash flow from operating activities of RMB -3,549,062.13, an improvement from RMB -69,615,663.31 in the previous year[21]. - The company reported a total comprehensive income of -¥3,278,446.18 for the current period, compared to -¥22,814,835.67 in the previous period[102]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 1.79 billion, an increase of 1.09% from RMB 1.77 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 0.57% to RMB 1.19 billion from RMB 1.20 billion at the end of the previous year[19]. - Total liabilities rose to CNY 484,782,537.55, up from CNY 459,509,097.66, indicating an increase of about 5.0%[94]. - Current liabilities totaled CNY 477,768,105.06, compared to CNY 452,569,065.17, reflecting a growth of approximately 5.6%[94]. Revenue Breakdown - The company's revenue from the inorganic salt industry was approximately CNY 359.37 million, with a gross margin of 23.02%, reflecting a year-over-year decrease of 2.36% in revenue and a decrease of 3.09 percentage points in gross margin[44]. - The manganese salt industry generated revenue of approximately CNY 102.34 million, with a gross margin of 7.87%, showing a year-over-year increase of 0.79% in revenue but a decrease of 2.00 percentage points in gross margin[44]. - Domestic revenue was approximately CNY 404.94 million, reflecting a year-over-year decrease of 3.30%, while overseas revenue was approximately CNY 98.63 million, with a slight increase of 0.04%[46]. Production and Sales - The company produced 140,898 tons of barium carbonate, a 4.92% increase from 134,295 tons in the previous year, while sales increased by 4.35% to 130,892 tons[23]. - The production of strontium carbonate reached 14,965 tons, up 25.31% from 11,942 tons, with sales increasing by 14.58% to 14,527 tons[23]. - The company aims to optimize production and sales strategies to enhance overall efficiency and reduce inventory pressure in response to market conditions[25]. Cash Flow Management - The cash flow from operating activities reflects a strategic shift towards better cash management practices[110]. - The company plans to reduce product inventory and improve cash flow by adjusting sales strategies based on market conditions[35]. - The total cash inflow from operating activities was 192,667,978.38 RMB, while cash outflow was 200,009,936.06 RMB, resulting in a cash outflow of 7,341,957.68 RMB[110]. Cost Management - The company achieved a 10.30% increase in energy costs for products, totaling CNY 32,317,071.24[31]. - The cost of raw materials for manganese salt decreased by 15.87% to CNY 51,349,035.55[31]. - The company focused on reducing production costs, leading to a significant decrease in unit production costs for various products[31]. Governance and Compliance - The company has maintained strict control over related party transactions, ensuring no significant violations or defaults occurred[69]. - The company has improved its governance level and complies with the Company Law and relevant regulations from the China Securities Regulatory Commission[78]. - The company continues to employ Zhongxing Huawen as its financial statement auditing firm for 2014, with an audit fee of RMB 500,000[75]. Market Strategy - The company plans to enhance the contribution of "high, precision, and special" products to overall performance, focusing on increasing the production and sales of barium sulfate and high-purity manganese sulfate[35]. - The company is facing risks from market competition and potential demand reduction due to industry policy adjustments and competition[34]. - The company plans to continue expanding its market presence and developing new products in the chemical sector[185]. Shareholder Information - The company distributed a cash dividend of RMB 0.01 per share for the 2013 fiscal year, which has been fully implemented[64]. - As of the end of the reporting period, the total number of shareholders was 33,373, with the largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holding 39.67% of the shares, totaling 115,520,000 shares[85]. Legal Matters - The company is involved in litigation against Henan Anfei Electronic Glass Co., Ltd. for outstanding payments totaling RMB 10,901,743.26, which is still ongoing[67]. Environmental and Safety Practices - The company implemented stricter safety and environmental management practices, enhancing operational safety[32]. - The company has implemented comprehensive environmental projects for flue gas treatment and utilization, which will support the development of new products[62].

Financial Performance - Operating revenue for the first quarter was CNY 217,793,327.91, down 9.06% year-on-year[14] - Net profit attributable to shareholders of the listed company was CNY -7,065,747.19, showing an improvement from CNY -9,684,529.49 in the same period last year[14] - The weighted average return on net assets increased by 0.22 percentage points to -0.59%[14] - Basic and diluted earnings per share were both CNY -0.02, unchanged from the previous year[14] - Total revenue for the current period is ¥217,793,327.91, a decrease of 9.1% compared to ¥239,492,298.90 in the previous period[34] - Net profit for the current period is -¥6,651,941.90, an improvement from -¥9,906,863.02 in the previous period[35] - Basic earnings per share for the current period is -¥0.02, compared to -¥0.03 in the previous period[35] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -25,257,830.46, an improvement from CNY -61,678,455.05 in the same period last year[14] - Net cash flow from operating activities was a loss of ¥25,257,830.46, improving from a loss of ¥61,678,455.05[21] - Cash inflow from operating activities is ¥195,062,541.54, slightly up from ¥192,287,879.55 in the previous period[41] - Cash inflow from sales of goods and services was 86,507,630.64, up from 82,367,128.22, reflecting a growth in revenue generation[45] - The net cash flow from operating activities was -25,257,830.46, an improvement from -61,678,455.05 in the previous period, indicating a reduction in cash outflow[42] - The net cash flow from investment activities was -1,272,110.93, an improvement from -3,044,708.25, suggesting better management of investment cash flows[46] - The net cash flow from financing activities was 16,104,610.83, up from 14,733,333.35, showing an increase in cash generated from financing[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,753,726,381.73, a decrease of 0.73% compared to the end of the previous year[14] - The total assets decreased to ¥1,753,726,381.73 from ¥1,766,625,025.50[26] - Total liabilities are ¥267,310,387.41, up from ¥265,060,218.11 in the previous period[32] - Owner's equity totals ¥962,167,536.26, an increase from ¥961,860,637.52 in the previous period[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,595[17] - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., held 39.67% of the shares, totaling 115,520,000 shares[18] Operational Costs and Expenses - Total operating costs for the current period are ¥223,307,101.63, down 7.0% from ¥240,134,124.83 in the previous period[34] - The company has reported a decrease in management expenses to ¥23,778,158.77 from ¥30,993,554.26 in the previous period, reflecting a cost control strategy[34] - Cash paid for purchasing goods and services is ¥127,808,745.33, down from ¥158,095,609.02 in the previous period[41] - The cash outflow for purchasing goods and services was 53,373,621.45, an increase from 50,882,873.25, indicating higher operational costs[45] Government Support and Non-Operating Income - The company received government subsidies amounting to CNY 400,000 related to its normal business operations[15] - The company reported a total of CNY 157,593.07 in net income from non-operating activities after tax adjustments[15]

Financial Performance - The company achieved a net profit of RMB 49,403,228.66 for the year 2013, with a total distributable profit of RMB 299,810,100.42[7] - The consolidated net profit attributable to shareholders for 2013 was RMB 3,263,928.84, leading to a year-end distributable profit of RMB 436,297,691.81[7] - The proposed cash dividend for 2013 is RMB 0.1 per 10 shares, totaling RMB 2,912,000 (including tax) to be distributed to shareholders[7] - In 2013, the company's operating revenue was CNY 1,053,062,157.60, a decrease of 8.92% compared to CNY 1,156,244,080.20 in 2012[32] - The net profit attributable to shareholders was CNY 3,263,928.84, down 89.12% from CNY 29,992,336.93 in the previous year[32] - Basic earnings per share dropped to CNY 0.01, reflecting a 90% decline from CNY 0.10 in 2012[32] - The weighted average return on equity decreased to 0.27%, down 2.25 percentage points from 2.52% in 2012[31] - The company reported a decline in overall profitability due to external factors, despite efforts to enhance competitiveness through technology and market development[40] - The company reported a total comprehensive income of CNY 8,006,120.34, down from CNY 28,764,391.75 in the previous year[195] Production and Sales - The company produced 278,512 tons of barium carbonate, achieving 105.5% of the budgeted target[39] - The production of strontium carbonate was 24,014 tons, which is 92.36% of the budgeted amount[39] - The sales of barium carbonate remained flat compared to the previous year, with pressure on sales prices due to market conditions[42] - EMD product sales increased due to targeted marketing efforts, although export volumes decreased due to price competition[42] - The production volume of electrolytic manganese dioxide increased by 15.60% year-on-year, while the sales volume rose by 4.18%[52] - The production of barium sulfate increased by 7.21%, with sales volume rising by 17.35% year-on-year, driven by enhanced market sales efforts[53] Financial Position - The total assets at the end of 2013 were CNY 1,766,625,025.50, an increase of 1.67% from CNY 1,737,654,957.16 in 2012[32] - The net assets attributable to shareholders were CNY 1,199,708,329.92, a slight decrease of 0.55% from CNY 1,206,294,774.54 in 2012[32] - The company reported a total current assets of CNY 1,152,915,380.18 as of December 31, 2013, an increase from CNY 1,118,301,156.53 at the beginning of the year, reflecting a growth of approximately 3.5%[185] - The cash and cash equivalents decreased to CNY 188,525,693.52 from CNY 220,699,591.77, representing a decline of about 14.6%[185] - The accounts receivable increased to CNY 140,444,724.62 from CNY 118,461,804.81, showing a growth of approximately 18.5%[185] Investments and Projects - The company invested a total of approximately $65.98 million in various projects, including $25.37 million in the new barium salt project and $16.90 million in the manganese salt technical upgrade project[89] - The company’s investment projects, Rongguang Mining and Hongxing Logistics, are still in a loss phase, impacting consolidated profits, with Rongguang Mining's losses exacerbated by weak sales and high financial costs[40] - The project for 10,000 tons/year of insoluble sulfur has not progressed as planned due to challenges in raw material safety control and market barriers, currently in a suspended state[84] Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[9] - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[10] - The company has not experienced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[130] - The company has implemented measures to improve employee safety awareness and environmental compliance, including supervision and assessment of environmental work[108] Research and Development - The company has made progress in R&D, with new projects and products achieving initial production scales, including high-performance EMD and lithium-ion battery materials[44] - The company is focusing on developing high-purity barium salt products, which have a higher profit margin and are less affected by external economic fluctuations[96] - The manganese salt technical upgrade project is designed to meet new market demands for high-performance EMD and high-purity manganese sulfate products[90] Shareholder Structure and Governance - The controlling shareholder, Qingdao Hongxing Chemical Group, reduced its shareholding from 68.6% in 2001 to 39.67% by the end of 2013[26] - The company has a total of 291,200,000 shares, with 100% being tradable shares[137] - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 39.67% of shares, totaling 115,520,000 shares[141] - The company has committed to not engage in major asset restructuring or share issuance for a period extending to six months from November 15, 2012[128] Employee and Management - The total number of employees in the parent company is 875, while the main subsidiaries have 2,289 employees, resulting in a total of 3,164 employees[157] - The total remuneration for all directors, supervisors, and senior management personnel during the reporting period amounts to 2.9756 million yuan[157] - The company has continued to build a stable core technical team and attract new technical personnel to contribute to technological innovation and product structure adjustment[156] Cash Flow and Financing - The net cash flow from operating activities was negative at CNY -460,598.41, a significant decrease from CNY 42,814,244.61 in 2012[32] - The net cash flow from financing activities increased to ¥70,087,000.09 in 2013 from -¥126,364.46 in 2012, due to increased working capital loans[68] - The company has not engaged in capital market refinancing since its initial public offering in 2001, relying mainly on sales revenue and retained profits[105]