Financial Performance - The company's operating revenue for Q3 2021 was ¥1,859,801,444.14, representing a year-on-year increase of 9.59%[6] - The net profit attributable to shareholders for the same period was ¥305,565,453.89, showing a decrease of 22.56% compared to the previous year[6] - The basic earnings per share for Q3 2021 was ¥0.64, down 22.89% year-on-year[9] - Total operating revenue for the first three quarters of 2021 reached ¥4,145,721,657.13, an increase of 7.03% compared to ¥3,873,222,092.39 in the same period of 2020[29] - Net profit for the first three quarters of 2021 was ¥745,930,374.82, a decrease of 15.87% compared to ¥886,611,026.42 in 2020[31] - The company reported a total profit of ¥895,017,765.99 for the first three quarters, down from ¥1,046,900,106.50 in 2020[29] Cash Flow and Assets - The cash flow from operating activities increased by 15.01% to ¥390,678,933.55 in Q3 2021[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥873,332,094.97, slightly down from ¥875,409,215.91 in 2020[34] - Cash received from investment recovery was ¥1,900,000,000.00, significantly higher than ¥750,000,000.00 in the previous year[34] - Net cash flow from investment activities was $265,745,774.42, a significant improvement from a negative cash flow of $63,633,624.87 in the previous period[37] - The ending balance of cash and cash equivalents increased to $1,535,347,991.62, up from $1,218,646,277.21 year-over-year[37] - Cash inflow from investment activities totaled $1,957,011,164.41, a significant increase from $762,992,878.00 in the prior period[37] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥9,265,143,481.11, an increase of 12.08% from the end of the previous year[9] - The company's current assets reached ¥4,090,516,319.56, up from ¥3,100,928,455.66 in the previous year, indicating a growth of approximately 31.9%[19] - The total liabilities of the company were reported at ¥2,030,581,811.70, up from ¥1,600,490,852.18, reflecting an increase of approximately 26.9%[25] - The company's equity attributable to shareholders increased to ¥6,695,704,519.97, reflecting a growth of 6.00% year-on-year[9] - The company's equity attributable to shareholders increased to ¥6,695,704,519.97 from ¥6,316,651,123.75, showing a growth of about 6%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,643[11] - The largest shareholder, China National Building Material Group Corporation, held 47.56% of the shares[11] Expenses and Costs - Total operating costs increased to ¥3,373,519,411.60, up 15.25% from ¥2,926,285,836.23 in the previous year[29] - Research and development expenses increased to ¥14,241,079.44 from ¥1,312,560.67, indicating a focus on innovation[29] - Sales expenses decreased to ¥31,411,123.46 from ¥280,249,028.12, reflecting cost management efforts[29] - The company’s tax expenses for the first three quarters were ¥149,087,391.17, compared to ¥160,289,080.08 in the previous year[29] Borrowings and Investments - The company reported a significant decrease in short-term borrowings, which fell to ¥300,261,111.11 from ¥430,391,026.38, a reduction of approximately 30.2%[25] - The company’s long-term payables increased to ¥47,156,916.25 from ¥1,500,000.00, indicating a substantial rise[25] - Cash outflow for financing activities was $619,750,349.74, down from $756,639,428.87 year-over-year[37] - Cash outflow for debt repayment was $230,000,000.00, down from $464,244,493.03 year-over-year[37] Other Information - Non-recurring gains and losses for Q3 2021 amounted to ¥33,802,486.68[11] - The company reported a decrease in the weighted average return on net assets to 4.67%, down 1.94 percentage points from the previous year[9] - The company has not reported any significant new product developments or market expansions during this period[16]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,285,920,212.99, representing a 5.04% increase compared to ¥2,176,173,214.55 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 9.36% to ¥386,239,176.01 from ¥426,128,912.29 year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥364,075,966.59, down 6.92% from ¥391,128,886.49 in the previous year[17]. - The net cash flow from operating activities was ¥482,653,161.42, a decrease of 9.91% compared to ¥535,717,028.72 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were ¥0.81, down 8.99% from ¥0.89 in the same period last year[17]. - The company achieved operating revenue of CNY 2,285,920,212.99, an increase of 5.04% compared to the same period last year[34]. - Operating costs rose to CNY 1,638,142,540.15, reflecting a 19.17% increase year-on-year due to rising coal and raw material prices[34]. - The net profit attributable to shareholders decreased by 9.36% to CNY 38,623,920.00, impacted by increased production costs[34]. - Cement sales volume reached 650.39 million tons, a year-on-year increase of 4.71%[34]. - Research and development expenses surged by 1,076.92% to CNY 9,985,702.55, indicating a strong focus on innovation[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,753,699,225.08, an increase of 5.90% from ¥8,266,197,439.02 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 1.10% to ¥6,386,216,396.89 from ¥6,316,651,123.75 at the end of the previous year[17]. - Accounts receivable increased by 61.94% to ¥825,868,225.14, primarily due to some receivables not reaching the settlement period[38]. - Prepayments increased by 316.63% to ¥111,274,442.67, mainly due to higher prepayments for electricity and raw material purchases[38]. - Inventory increased by 28.23% to ¥319,714,140.59, attributed to increased purchases of raw materials for production[38]. - The total liabilities reached approximately $1.85 billion, compared to $1.60 billion in the previous year, reflecting a 15.5% increase[143]. - The company's total equity rose to approximately $6.90 billion, an increase from $6.67 billion, marking a growth of 3.5%[143]. Market Position and Strategy - The company holds nearly 50% market share in the Ningxia cement market, being the largest cement and ready-mixed concrete producer in the region[29]. - The company is focusing on modernizing the cement industry, promoting green and intelligent development, and enhancing product quality[26]. - The company is actively pursuing mergers and acquisitions to increase industry concentration and eliminate excess capacity[26]. - The company plans to enhance its product structure by encouraging the production of high-performance cement products[29]. - The company is committed to implementing clean production and reducing carbon emissions, aiming for peak carbon emissions in the cement industry by 2030[26]. Environmental and Social Responsibility - The company is committed to reducing and regulating related party transactions to protect the interests of the listed company and minority shareholders[94]. - The company has actively pursued green mine construction, with two of its subsidiaries included in the national green mine directory[76]. - The company has established 7 green factories, including 3 national-level and 4 provincial-level certifications, and has added 2 new green factories in the first half of 2021[84]. - The company has implemented a comprehensive environmental monitoring plan, conducting quarterly assessments with qualified third-party testing agencies[82]. - The company has achieved a clean production level with no administrative penalties for environmental issues during the reporting period[82]. - The company has actively implemented poverty alleviation and rural revitalization initiatives, adhering to national policies and contributing to social responsibility through targeted assistance and volunteer services[87]. Related Party Transactions and Governance - The company has signed a contract for a project to produce 1 million tons of green building materials, with a total contract value of 130 million CNY[114]. - The total expected amount for related party transactions in 2021 is estimated at 447.86 million CNY, with specific allocations for purchasing equipment, labor services, and sales to related parties[111]. - As of the reporting period, the company has incurred related party transaction amounts totaling 188.97 million CNY, including 11.40 million CNY in sales to related parties[113]. - The company has guaranteed to compensate for any undisclosed liabilities from the construction materials group that may cause losses post-merger[106]. - The company has committed to controlling related party transactions to minimize risks and ensure fairness for minority shareholders[106]. Future Outlook and Plans - The company plans to enhance digital management and upgrade production lines to improve efficiency and reduce costs, aiming for sustainable development[65]. - The company plans to invest 516.69 million yuan to build a new 4,000 t/d dry cement clinker production line[49]. - The company is in the process of starting construction on a new 4,000 t/d green intelligent cement production line and a 7 MW low-temperature waste heat power generation project[51]. - The company plans to expand its market presence and enhance product offerings in the upcoming quarters, focusing on strategic growth initiatives[149].

Financial Performance - Operating revenue for the period was CNY 575,256,427.24, representing an increase of 51.86% year-on-year[9] - Net profit attributable to shareholders was CNY 1,749,190.95, a significant recovery from a loss of CNY 16,960,128.24 in the same period last year[9] - Net cash flow from operating activities increased by 82.85% to CNY 213,801,739.69 compared to the previous year[9] - Basic earnings per share were CNY 0.0037, recovering from a loss of CNY 0.0355 per share in the previous year[9] - The net profit for the period was RMB 5,914,102.62, a significant turnaround from a net loss of RMB 13,089,972.64 in the previous year[16] - Total operating revenue for Q1 2021 was ¥575,256,427.24, an increase of 52% compared to ¥378,811,048.47 in Q1 2020[34] - Net profit for Q1 2021 reached ¥5,914,102.62, compared to a net loss of ¥13,089,972.64 in Q1 2020[35] - Basic earnings per share for Q1 2021 were ¥0.0037, compared to a loss of ¥0.0355 per share in Q1 2020[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,241,121,168.43, a decrease of 0.30% compared to the end of the previous year[9] - The total number of shareholders at the end of the reporting period was 33,267[11] - The largest shareholder, China National Building Material Group Corporation, held 47.56% of the shares[11] - The company's short-term borrowings decreased by 30.22% to RMB 300,324,499.09, resulting from the repayment of due loans[16] - Current liabilities decreased to approximately $1.40 billion from $1.43 billion year-over-year, a decline of about 4.0%[25] - Total liabilities decreased to approximately $1.57 billion from $1.60 billion year-over-year, a decline of about 2.0%[25] - The total liabilities as of Q1 2021 were ¥1,650,519,383.61, compared to ¥1,592,459,284.34 in the previous year, showing a growth of 3.6%[34] Cash Flow - The net cash flow from operating activities improved by 82.85% year-on-year, amounting to RMB 213,801,739.69, due to increased cash receipts from sales[16] - Cash flow from operating activities was CNY 213,801,739.69, up 82.7% from CNY 116,929,319.64 in Q1 2020[42] - The net increase in cash and cash equivalents for Q1 2021 was CNY 100,225,725.95, a recovery from a decrease of -CNY 140,040,340.72 in Q1 2020[47] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 652,990,389.75, up from CNY 299,790,869.09 in Q1 2020, indicating a growth of approximately 117.5%[47] Expenses - Operating costs rose by 61.86% year-on-year to RMB 491,944,298.33, attributed to increased sales volume and adjustments in transportation costs[16] - Research and development expenses surged by 447.91% year-on-year to RMB 2,488,153.32, reflecting increased investment in R&D projects[16] - The company reported a significant decrease in sales expenses to ¥7,971,315.99 in Q1 2021 from ¥47,538,590.94 in Q1 2020, indicating improved cost management[34] - Financial expenses increased to CNY 1,994,255.55, up 15.1% from CNY 1,733,164.94 in Q1 2020[37] Other Financial Metrics - The weighted average return on equity was 0.03%, up from -0.30% in the same period last year[9] - The company's other receivables rose by 334.66% year-on-year to RMB 55,872,415.66, primarily due to increased land deposit and bidding guarantee payments[16] - The company reported a decrease in other income by 89.25% year-on-year, amounting to RMB 3,609,516.21, due to a reduction in VAT refunds[16] - The company's gross profit margin for Q1 2021 was approximately 0.4%, down from a negative margin in Q1 2020[34]

Financial Performance - The company's operating revenue for 2020 was CNY 5,109,674,273.64, representing a 6.66% increase compared to 2019[18] - The net profit attributable to shareholders of the listed company was CNY 964,863,206.91, an increase of 25.49% year-on-year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 923,036,537.84, reflecting a 41.61% increase from the previous year[18] - The net cash flow from operating activities was CNY 1,089,879,941.27, up 10.31% compared to 2019[18] - The net assets attributable to shareholders of the listed company at the end of 2020 were CNY 6,316,651,123.75, a 13.14% increase from the end of 2019[18] - Total assets increased to ¥8,266,197,439.02 in 2020, up 9.58% from ¥7,543,740,188.63 in 2019[20] - Basic earnings per share rose to ¥2.02, a 25.47% increase compared to ¥1.61 in 2019[20] - The weighted average return on equity increased to 16.35%, up 1.68 percentage points from 14.67% in 2019[20] - The company reported a net cash flow from operating activities of ¥418,787,709.08 in Q2 2020[20] - The company achieved an operating income of 5,109.67 million yuan, an increase of 6.66% compared to the previous year[35] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 6.70 per 10 shares, totaling CNY 320,381,298.14, which accounts for 33.20% of the net profit attributable to shareholders[3] - The company implemented a cash dividend policy, distributing at least 30% of the average distributable profit over the last three years, with cash dividends of CNY 320,381,298.14 in 2020, representing 33.20% of the net profit attributable to shareholders[86] - In 2020, the company paid a cash dividend of CNY 6.7 per 10 shares, compared to CNY 5.1 in 2019 and CNY 3.0 in 2018, indicating a consistent increase in dividend payouts[86] - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring stable returns to shareholders[87] Operational Efficiency and Strategy - The company is focusing on expanding its logistics platform "I Find Car" to enhance operational efficiency and reduce costs[24] - The cement and concrete sales remain the primary revenue drivers, supported by effective cost control measures[24] - The company aims to strengthen its market share through direct sales and strategic partnerships in key projects[24] - The company has implemented a digital transformation plan aimed at enhancing its smart manufacturing capabilities by 2023[26] - The company has developed a network freight platform called "I Find Car," which has onboarded 370,000 vehicles[31] Market and Industry Context - The industry is undergoing structural reforms aimed at improving quality and efficiency, aligning with national development goals[25] - The cement industry maintained stable profits in 2020, with a total demand of 2.3 to 2.4 billion tons, unaffected by the pandemic[54] Subsidiary Performance - In 2020, the company's wholly-owned subsidiary Ningxia Saimai achieved operating revenue of CNY 919.77 million, a decrease of 3.39% year-on-year[71] - Ningxia Qingtongxia Cement Co., Ltd. reported operating revenue of CNY 822.44 million in 2020, down 1.10% year-on-year, while net profit increased by 9.64% to CNY 216.11 million[73] - Ningxia Zhongning Saimai's operating revenue rose by 7.71% year-on-year to CNY 427.72 million, with net profit increasing by 35.36% to CNY 40.21 million[73] - The company’s subsidiary, Ningxia Gansu Cement, reported a 26.03% increase in operating revenue to CNY 813.54 million, with net profit rising by 71.02% to CNY 259.30 million[77] Research and Development - The company’s research and development expenses increased by 74.88% to 46.70 million yuan, indicating a focus on innovation[35] - The total R&D investment was 28.75 million yuan, accounting for 0.56% of operating revenue[46] Environmental Responsibility - The total emissions of particulate matter, sulfur dioxide, and nitrogen oxides were 412.64 tons, 334.74 tons, and 6,148.45 tons respectively, with no exceedance of the approved total emissions limits in 2020[130] - The company has established 34 emission monitoring points for major pollutants in its cement production lines, ensuring real-time data upload to local environmental protection websites[129] - The company has invested in pollution control technologies, including the "electric bag" dust collection system, significantly improving dust collection efficiency[131] - The company actively engages in green mine construction, with several subsidiaries included in the national green mine directory[131] Corporate Governance - The company has established a sound internal control system to enhance governance and ensure legal compliance in operations[162] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[162] - The company has maintained independence from its controlling shareholder, ensuring clear separation in operations and management[162] Related Party Transactions - The company has committed to avoiding competition with its parent company, ensuring operational independence and compliance with regulatory requirements[89] - The company has consistently adhered to its commitments regarding operational independence and the avoidance of conflicts of interest with its controlling shareholders[92] - The company has not provided any guarantees to shareholders or related parties during the reporting period[118] Employee and Management Information - The company employed a total of 2,758 staff, with 1,622 in production, 212 in sales, 433 in technical roles, 78 in finance, and 413 in administration[158] - The total pre-tax compensation for the board members and senior management during the reporting period amounted to CNY 12.70 million[151] - The company has implemented a comprehensive training plan for 2020 aimed at enhancing employee skills and overall competitiveness[160]

Financial Performance - Net profit attributable to shareholders increased by 34.84% to CNY 820,731,560.53 year-on-year[10] - Operating revenue rose by 6.68% to CNY 3,873,222,092.39 for the first nine months of the year[10] - Basic and diluted earnings per share increased by 35.43% to CNY 1.72[10] - The net profit for the first nine months of 2020 reached ¥886,611,026.42, reflecting a 31.37% increase compared to ¥674,912,151.20 in the previous year[22] - The company reported a net profit increase, with retained earnings rising to $3.37 billion from $2.80 billion, an increase of about 20.5%[37] - The net profit for Q3 2020 reached approximately ¥423.49 million, up 16.19% from ¥364.36 million in Q3 2019[49] - The total profit for Q3 2020 was approximately ¥505.82 million, up 14.63% from ¥441.33 million in Q3 2019[49] - The company reported an operating profit of approximately ¥502.62 million for Q3 2020, an increase of 24.73% from ¥403.10 million in Q3 2019[49] Assets and Liabilities - Total assets increased by 10.61% to CNY 8,344,499,632.78 compared to the end of the previous year[10] - The company's total liabilities decreased by 100% in long-term borrowings, from ¥159,061,910.00 to ¥0.00, due to repayment of bank loans[20] - Total liabilities increased to $1.83 billion, up from $1.63 billion, reflecting a growth of approximately 12.3%[37] - The company's equity attributable to shareholders rose to $6.17 billion, compared to $5.58 billion, an increase of about 10.6%[37] - Contract liabilities surged to $266.04 million, compared to $124.23 million, reflecting a significant increase of approximately 114.3%[37] Cash Flow - Net cash flow from operating activities increased by 15.02% to CNY 875,409,215.91 compared to the same period last year[10] - The cash flow from operating activities showed a strong performance with a total inflow of ¥752,743,559.63, compared to ¥610,697,362.94 in the previous year, reflecting an increase of about 23.2%[66] - The cash inflow from financing activities was ¥250,000,000.00, down from ¥420,000,000.00 in the previous year, indicating a decrease of about 40.5%[66] - The cash flow from financing activities resulted in a net outflow of -¥100,762,939.65, compared to -¥88,379,804.54 in the previous year, reflecting a decline in financing efficiency[66] Shareholder Information - The total number of shareholders reached 30,559 by the end of the reporting period[12] - The largest shareholder, China National Building Material Group Corporation, holds 47.56% of the shares[16] Research and Development - The company's research and development expenses decreased by 24.30% to ¥1,312,560.67 from ¥1,734,008.10, attributed to reduced capitalized R&D expenditures[22] - Research and development expenses for Q3 2020 were approximately ¥464.10 million, a decrease of 10.65% from ¥519.38 million in Q3 2019[49] Investment Income - The company reported a significant increase of 426.08% in investment income to ¥9,373,008.50 from ¥1,781,671.70, due to increased returns from bank financial products[22]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,176,173,214.55, representing a 9.51% increase compared to CNY 1,987,268,286.49 in the same period last year[15]. - The net profit attributable to shareholders of the listed company reached CNY 426,128,912.29, a significant increase of 56.15% from CNY 272,894,213.28 in the previous year[15]. - The net cash flow from operating activities was CNY 535,717,028.72, up 19.33% from CNY 448,955,515.44 in the same period last year[15]. - The basic earnings per share for the first half of 2020 was CNY 0.89, reflecting a 56.14% increase from CNY 0.57 in the previous year[18]. - The diluted earnings per share also stood at CNY 0.89, marking a 56.14% increase compared to CNY 0.57 in the same period last year[18]. - The weighted average return on net assets increased to 7.40%, up by 2.01 percentage points from 5.39% in the previous year[18]. - The total assets of the company at the end of the reporting period were CNY 7,744,759,441.12, a 2.66% increase from CNY 7,543,740,188.63 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were CNY 5,771,474,949.17, reflecting a 3.37% increase from CNY 5,583,172,138.77 at the end of the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 391,128,886.49, which is a 56.22% increase from CNY 250,369,746.10 in the same period last year[15]. Subsidiary Performance - The company's subsidiary Ningxia Saima achieved operating revenue of 378.96 million yuan, an increase of 1.45% year-on-year, and net profit of 78.13 million yuan, an increase of 303.90% year-on-year due to effective cost control and increased government subsidies[43]. - The subsidiary Qing Shui achieved operating revenue of 364.90 million yuan, an increase of 0.73% year-on-year, and net profit of 97.25 million yuan, an increase of 31.45% year-on-year, attributed to effective cost management[44]. - The subsidiary Zhongning Saima reported operating revenue of 193.35 million yuan, an increase of 15.59% year-on-year, and net profit of 23.51 million yuan, an increase of 6.27% year-on-year due to increased product sales[45]. - The subsidiary Tianshui Zhongcai experienced a decrease in operating revenue to 343.89 million yuan, down 3.72% year-on-year, with net profit of 85.34 million yuan, a decrease of 11.29% year-on-year due to reduced sales volume[47]. - The company's wholly-owned subsidiary, Kalqin Cement, reported revenue of 117.22 million yuan for the first half of 2020, a decrease of 15.93% year-on-year, with net profit dropping by 89.44% to 1.28 million yuan[49]. - The company's controlling subsidiary, Jiahua Cement, achieved revenue of 91.46 million yuan, down 18.78% year-on-year, while net profit increased by 63.50% to 11.70 million yuan due to a decrease in cost expenses[49]. Market Position and Strategy - The company maintains a strong market position in the Ningxia region, holding nearly 50% market share in cement production[28]. - The company has a comprehensive production, supply, and sales system, with a focus on energy-saving and efficiency improvements through technological upgrades[24]. - The company is recognized as one of the 60 key supported cement enterprises in the country, enhancing its competitive edge in the western region[28]. - The company’s main business involves the manufacturing and sales of cement, concrete, and aggregates, primarily for infrastructure and real estate projects[24]. - The company has implemented a direct sales model complemented by distribution to strengthen its market presence[24]. - The company benefits from self-owned limestone mines, ensuring a stable supply of high-quality raw materials for cement production[28]. - The company is actively involved in technological innovation and the development of new products to enhance its market offerings[24]. - The company’s brand "Saimar" is recognized as a famous trademark in China, contributing to its brand influence in the high-end cement market[28]. - The company has implemented a "Cement+" strategy to enhance resource utilization and reduce costs, focusing on market expansion[30]. Financial Management - The company's gross profit margin improved due to effective cost control, with net profit attributable to shareholders increasing by 56.15% to CNY 426,128,912.29[33]. - The company’s financial expenses decreased by 74.57% due to a reduction in interest-bearing liabilities[33]. - The company received increased government subsidies, contributing to the rise in other income by 155.68% to CNY 45,777,362.23[33]. - The company reported a significant increase in clinker sales, reaching 118.19 million tons, up 28.34% year-on-year[30]. - Operating profit for the first half of 2020 was CNY 52,993,990, an increase of 43.65% compared to the previous year[33]. Environmental Responsibility - The company has committed to social responsibility through targeted poverty alleviation activities, addressing the actual difficulties faced by beneficiaries[83]. - The company has established online monitoring points for major pollutants at its subsidiaries in Ningxia, Gansu, and Inner Mongolia, ensuring compliance with emission standards[86]. - The company has completed the transformation of dust collection systems in the cement loading process, effectively controlling unorganized emissions[87]. - The company has implemented a comprehensive environmental monitoring plan, ensuring compliance with pollution discharge standards and conducting quarterly third-party inspections[93]. - The company has made significant progress in reducing NOX emissions through continuous optimization of denitrification systems[87]. - The company has upgraded equipment to reduce noise pollution, including the installation of soundproofing materials and noise monitoring systems[90]. - The company has established emergency response plans for environmental incidents, enhancing training and joint drills with external rescue units[92]. Corporate Governance - The company has not proposed any profit distribution or capital reserve increase plans for the first half of the year[55]. - The company has made commitments to avoid competition with its controlling shareholder, China National Building Material Group, ensuring the independence of its operations[54]. - The company is committed to maintaining the independence of its operations and not using its controlling position to interfere with management decisions[54]. - The company will utilize various methods, including asset restructuring and business adjustments, to resolve any potential competition issues with its controlling shareholder[54]. - China National Building Material Group will resolve industry competition issues with Ningxia Building Material within three years, utilizing management delegation, asset restructuring, and business adjustments[63]. Related Party Transactions - The total transaction amount for related party transactions does not exceed RMB 11,527 million, with RMB 1,127 million in 2020 and up to RMB 2,600 million for other years[74]. - The company provided guarantees totaling RMB 102,182,583.03 to subsidiaries, which accounts for 1.77% of the company's net assets[81]. - The company acquired 50% equity of Jiahua Cement for RMB 1,477.68 million and 10% equity from Emei Mountain Qianghua Cement for RMB 369.42 million, completing the acquisition by the end of 2018[75]. Accounting and Financial Reporting - The company’s financial statements are prepared based on the assumption of going concern, indicating no significant doubts about its ability to continue operations in the foreseeable future[175]. - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[176]. - The company has implemented a comprehensive consolidation approach for its subsidiaries, ensuring all controlled entities are included in the financial reports[182]. - The company integrates the assets and liabilities of the merged entity into its consolidated financial statements, adjusting the net assets in the comparative statements accordingly[185].

证券代码：600449 证券简称：宁夏建材 公告编号：2019－024 宁夏建材集团股份有限公司关于举行 "2020 年投资者网上集体接待日活动"的公告 为便于广大投资者更深入全面了解公司经营及发展等投资者所关心的问题，公司 定于2020 年7 月9 日（星期四）14：30-16：30 举行"2020 年投资者网上接待日活动"， 现将有关事项公告如下： 本次年度集体接待日将在深圳全景网络有限公司提供的网上平台采取网络远程的 方式举行，投资者可登录"宁夏上市公司投资者互动平台"（网址：http://rs.p5w.net） 参与交流。 出席本次年度网上集体接待日的人员有：公司董事长尹自波、副总裁兼董事会秘 书武雄及财务管理中心主任周芳。 欢迎广大投资者积极参与。 特此公告 宁夏建材集团股份有限公司董事会 2020 年7 月3 日 ...

Financial Performance - Operating revenue for the reporting period was CNY 378,811,048.47, a decline of 20.29% year-on-year[11] - Net profit attributable to shareholders of the listed company was a loss of CNY 16,960,128.24, compared to a loss of CNY 55,177,177.92 in the same period last year[11] - Basic earnings per share were CNY -0.04, compared to CNY -0.12 in the same period last year[11] - The weighted average return on net assets was -0.30%, improving from -1.12% year-on-year[11] - Total operating revenue for Q1 2020 was RMB 378,811,048.47, a decrease of 20.3% compared to RMB 475,238,496.56 in Q1 2019[43] - Net profit for Q1 2020 was a loss of RMB 13,089,972.64, an improvement from a loss of RMB 50,097,189.29 in Q1 2019[45] - Operating profit for Q1 2020 was a loss of RMB 24,126,131.66, compared to a loss of RMB 49,209,927.06 in Q1 2019[43] - The total profit for Q1 2020 was a loss of RMB 16,795,995.36, an improvement from a loss of RMB 39,985,193.85 in Q1 2019[43] Cash Flow - Net cash flow from operating activities was CNY 116,929,319.64, down 30.13% from the previous year[11] - Net cash flow from operating activities decreased to CNY 116,929,319.64 in Q1 2020, down 30.1% from CNY 167,344,919.68 in Q1 2019[54] - The company reported a significant increase in cash outflow from investment activities, totaling CNY 416,547,848.03 in Q1 2020, compared to CNY 98,820,407.63 in Q1 2019[56] - The net cash flow from investment activities was negative CNY 316,126,031.59 in Q1 2020, compared to negative CNY 98,820,407.63 in Q1 2019, indicating increased investment expenditures[56] - Cash inflow from financing activities decreased to CNY 80,000,000.00 in Q1 2020, down from CNY 460,000,000.00 in Q1 2019[56] - The net cash flow from financing activities was negative CNY 96,912,711.85 in Q1 2020, contrasting with a positive net cash flow of CNY 293,014,187.94 in Q1 2019[56] - The company's cash and cash equivalents at the end of Q1 2020 stood at CNY 515,218,108.21, a decrease from CNY 958,195,808.88 at the end of Q1 2019[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,413,793,073.13, a decrease of 1.72% compared to the end of the previous year[11] - Total liabilities decreased from CNY 1,296,122,212.29 to CNY 1,177,008,424.47, indicating a reduction in current liabilities[31] - Total liabilities decreased from ¥1,631,666,934.13 to ¥1,512,238,386.51, a reduction of approximately 7.3%[32] - Current assets increased from ¥901,989,598.45 to ¥1,063,619,389.21, representing a growth of about 17.9%[37] - Total equity attributable to shareholders decreased from ¥5,583,172,138.77 to ¥5,568,768,915.12, a slight decline of approximately 0.3%[32] Income and Expenses - Operating costs decreased by 20.00% from CNY 379,900,414.23 to CNY 303,938,365.31, reflecting the reduction in costs associated with lower sales volume[22] - Financial expenses decreased by 69.00% from CNY 7,340,544.89 to CNY 2,275,429.77, resulting from a reduction in interest expenses due to lower interest-bearing liabilities[22] - Other income increased significantly by 1070.72% from CNY 2,869,318.82 to CNY 33,591,601.53, driven by VAT refunds and social security reductions[22] - The company reported a non-operating income of CNY 19,659,078.59 during the reporting period[12] - Research and development expenses increased to RMB 454,114.60 in Q1 2020, up from RMB 358,045.40 in Q1 2019[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,455, with the largest shareholder holding 47.56% of the shares[15] - The company received government subsidies amounting to CNY 12,701,414.60, which are closely related to its normal business operations[12]

Financial Performance - The company's operating revenue for 2019 was CNY 4,790,467,584.86, representing a 14.79% increase compared to CNY 4,173,075,725.21 in 2018[20] - The net profit attributable to shareholders of the listed company reached CNY 768,900,135.04, a significant increase of 79.53% from CNY 428,273,870.61 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 651,813,767.87, up 58.37% from CNY 411,589,062.59 in 2018[20] - The net cash flow from operating activities was CNY 988,006,549.36, an increase of 85.43% compared to CNY 532,825,810.73 in 2018[20] - Basic earnings per share rose by 78.89% to ¥1.61 in 2019 compared to ¥0.90 in 2018[24] - The diluted earnings per share also increased by 78.89% to ¥1.61 in 2019, consistent with the basic earnings per share[24] - Operating profit rose by 73.32% to 987.47 million RMB, attributed to increased revenue and effective cost control[43] - The net cash flow from operating activities increased by 85.43% to 988.01 million RMB, primarily due to increased cash receipts from product sales[43] Dividend Distribution - The company plans to distribute a cash dividend of CNY 5.10 per 10 shares, totaling CNY 243,872,331.42, which accounts for 31.72% of the net profit for the year[5] - In 2019, the company distributed a cash dividend of 5.1 RMB per 10 shares, totaling 243,872,331.42 RMB, which represents 31.72% of the net profit attributable to ordinary shareholders[107] - The cash dividend in 2018 was 3.0 RMB per 10 shares, amounting to 143,454,312.60 RMB, accounting for 33.50% of the net profit attributable to ordinary shareholders[107] - The cash dividend in 2017 was 2.2 RMB per 10 shares, totaling 105,199,829.24 RMB, which is 31.19% of the net profit attributable to ordinary shareholders[107] Market Position and Operations - The company primarily engages in the manufacturing and sales of cement, cement clinker, ready-mixed concrete, and aggregates, focusing on infrastructure and real estate construction[31] - The company holds nearly 50% market share in the Ningxia cement market, being a leading enterprise in the region with significant competitive advantages in asset scale, management, technology, quality, and brand[35] - In 2019, the company implemented "three precision management" to enhance operational quality and successfully completed its annual business objectives despite economic downturns and supply-demand imbalances[36] - The company is actively expanding its ready-mixed concrete and aggregate business, aiming to increase market share in oil well cement and sulfur-resistant cement[37] - The company focuses on consolidating core markets and key engineering projects while exploring the civilian market to strengthen regional market share[31] Production and Sales - The company sold 14.31 million tons of cement, an increase of 7.96% year-on-year, and achieved a revenue of 4.79 billion RMB, up 14.79% year-on-year[40] - The company produced 12.59 million tons of clinker, a year-on-year increase of 16.58%, and 14.35 million tons of cement, up 8.57%[40] - The aggregate sales volume was 750.47 million tons, reflecting a significant increase of 69.65% compared to the previous year[49] Financial Health and Investments - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4] - The company reduced financial expenses by 48.04% to 19.65 million RMB, due to the repayment of maturing corporate bonds and a decrease in interest-bearing liabilities[40] - The company has no outstanding guarantees or loans to third parties, ensuring a stable financial position[143] Environmental and Social Responsibility - The company is committed to energy conservation, emission reduction, and technological upgrades to enhance operational efficiency and sustainability[39] - The company has established a targeted poverty alleviation plan, contributing to local community development and support[147] - The company has actively engaged in environmental protection and resource conservation as part of its corporate social responsibility strategy[151] - The company has a total of 34 emission outlets for major pollutants including dust, sulfur dioxide, and nitrogen oxides, with actual emissions of 569.57 tons for dust, 491.87 tons for sulfur dioxide, and 5889.79 tons for nitrogen oxides in 2019, all within the permitted limits[152] Corporate Governance - The company has maintained its total ordinary share capital structure without any changes during the reporting period[163] - The total number of common stock shareholders at the end of the reporting period was 30,999[166] - The largest shareholder, China National Materials Group Corporation, holds 227,413,294 shares, representing 47.56% of total shares[166] - The company has a total of 12 directors, supervisors, and senior management personnel[189] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards and effective decision-making[197] Research and Development - The company has ongoing technical research and development in new building materials and related products[169] - The company capitalized ¥6.61 million in research and development costs, which accounted for 71.23% of total R&D expenditures[54] - Research and development expenses amounted to ¥2.67 million, with a year-on-year decrease of 15.16%[53] Related Party Transactions - The company will strictly control related party transactions, ensuring fairness and compliance with market pricing principles to protect the rights of minority shareholders[116] - The expected total for related party transactions in 2020 is CNY 382.75 million, including CNY 71.73 million for equipment purchases and CNY 219.56 million for cement sales[136]

Financial Performance - Net profit attributable to shareholders was CNY 608,683,208.94, representing a significant increase of 74.96% year-on-year[10]. - Operating revenue for the period was CNY 3,630,807,380.85, up 16.80% from the same period last year[10]. - Basic earnings per share increased to CNY 1.27, reflecting a growth of 73.97% year-on-year[10]. - Operating profit increased by 71.65% to ¥772,000,459.17 from ¥449,747,589.87, driven by higher operating income and effective cost control[19]. - Net profit rose by 74.26% to ¥674,912,151.20 from ¥387,304,180.35, reflecting an increase in total profit[19]. - The company reported a significant increase in contract liabilities to ¥237,496,982.74, with no previous figure available for comparison[29]. - The company reported a total comprehensive income for the first three quarters of 2019 was ¥336,278,072.88, compared to ¥283,556,713.90 in the same period last year, indicating a growth of 18.6%[52]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 8,112,485,674.86, an increase of 14.16% compared to the end of the previous year[10]. - Total liabilities reached ¥2,331,108,161.69, compared to ¥1,924,550,176.12, reflecting an increase of about 21.14%[31]. - Non-current assets totaled ¥5,070,805,598.96, compared to ¥4,831,930,732.92, reflecting an increase of about 4.95%[31]. - Current liabilities rose to ¥2,093,813,771.60 from ¥1,778,999,062.95, marking an increase of approximately 17.66%[31]. - Total current assets increased from 2,274,299,296.59 to 2,318,016,523.38, a rise of 43,717,226.79[64]. - Total assets increased from 7,106,230,029.51 to 7,237,528,345.30, a rise of 131,298,315.79[68]. - Total liabilities increased from 1,924,550,176.12 to 1,949,061,376.12, an increase of 24,511,200.00[68]. Cash Flow - Net cash flow from operating activities amounted to CNY 761,086,640.27, a remarkable increase of 181.38% compared to the previous year[10]. - The net cash flow from operating activities surged by 181.38% to ¥761,086,640.27 from ¥270,486,528.96, due to increased cash received from sales and tax refunds[19]. - The cash inflow from operating activities was CNY 2,107,417,399.86, a significant increase of 50.7% compared to CNY 1,399,092,751.94 in the same period of 2018[55]. - The cash inflow from financing activities in the first three quarters of 2019 was CNY 709,839,860.00, an increase of 55.8% compared to CNY 440,000,000.00 in the same period of 2018[57]. - The ending balance of cash and cash equivalents as of the end of the third quarter of 2019 was CNY 1,165,911,129.09, up from CNY 667,242,585.27 at the end of the third quarter of 2018[57]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,983, indicating a broad shareholder base[13]. - The largest shareholder, China National Materials Group Corporation, held 47.56% of the shares, reflecting significant ownership concentration[13]. Government Subsidies and Other Income - The company reported government subsidies recognized in the current period amounting to CNY 44,947,550.63, contributing to its financial performance[10]. - The company reported investment income of ¥1,500,000.00 in Q3 2019, with a significant increase in total investment income for the first nine months to ¥328,552,391.01[50]. Changes in Financial Reporting - The company has reclassified certain financial assets under new financial instrument standards, resulting in a 100% decrease in available-for-sale financial assets to zero[17]. - The company has not disclosed any new product developments or market expansion strategies in this report[10]. - The company anticipates significant changes in cumulative net profit compared to the previous year, but specific forecasts were not provided[22].