Financial Performance - The company's operating revenue for the first half of 2019 was ¥26,649,081,993.02, a decrease of 12.39% compared to ¥30,417,626,249.77 in the same period last year[20] - The net profit attributable to shareholders of the listed company was ¥542,327,363.07, down 16.12% from ¥646,529,105.14 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥451,708,303.43, a decrease of 21.39% compared to ¥574,603,074.62 in the same period last year[20] - Basic earnings per share for the first half of 2019 were ¥0.26, down 16.13% from ¥0.31 in the same period last year[21] - The diluted earnings per share were ¥0.20, a decrease of 16.67% from ¥0.24 in the previous year[21] - The weighted average return on net assets was 4.71%, a decrease of 1.13 percentage points from 5.84% in the same period last year[24] - The company reported a net cash flow from operating activities of -¥738,971,097.82, compared to -¥435,861,029.62 in the previous year, indicating a worsening cash flow situation[20] - The company reported a significant increase in financing activities, with net cash flow from financing activities rising to approximately ¥3.10 billion, compared to ¥161.63 million last year, marking an increase of 1,819.34%[46] Assets and Liabilities - The company's total assets increased by 10.13% to ¥55,427,106,207.87 from ¥50,329,096,406.86 at the end of the previous year[20] - The net assets attributable to shareholders of the listed company rose by 2.16% to ¥11,485,898,757.40 from ¥11,242,890,021.44 at the end of the previous year[20] - The company's accounts receivable increased by 37.91% to approximately ¥5.92 billion, up from ¥4.29 billion in the previous year[49] - The company's long-term equity investments rose by 71.85% to approximately ¥563.89 million, compared to ¥328.13 million last year[49] - Total liabilities amounted to CNY 31,544,266,871.62, up 19.5% from CNY 26,327,746,697.37[176] - Current liabilities totaled CNY 21,280,511,428.94, reflecting a growth of 25.5% from CNY 16,992,701,852.09[174] Research and Development - In the first half of 2019, the company invested CNY 328 million in technology and employed 657 R&D personnel, achieving breakthroughs in multiple innovative projects, including the promoter series and lithium batteries, and received 5 awards[36] - The company applied for 72 patents in the first half of 2019, enhancing its intellectual property management capabilities through training and strategic planning[36] - Research and development expenses increased by 17.97% to approximately ¥310.91 million, up from ¥263.54 million in the previous year[46] Strategic Focus and Market Position - The company has a strong focus on fine chemicals, with a robust foundation in chemical new materials and agricultural chemicals, indicating a broad future development space[29] - The high-performance materials and intermediates business has established strategic partnerships with major domestic and international clients, ensuring stable operations[29] - The polymer additives business has become a global leader in rubber chemicals, with products like PPD leading the global market[29] - The agricultural chemicals segment has a comprehensive resource configuration and integrated operations, with a leading position in the domestic market[29] - The company is actively expanding into strategic emerging businesses, including membrane materials and lithium battery production, through key acquisitions and technology introductions[29] Environmental and Social Responsibility - The company has implemented strict environmental protection measures and has not faced any environmental pollution incidents in the first half of 2019[100] - The company has received multiple awards for its environmental initiatives, including recognition as a "Green Factory" by various authorities[101] - The company has actively engaged in social responsibility initiatives, including targeted poverty alleviation efforts[93] - The company has contributed CNY 11,000,000 towards various social welfare projects during the reporting period[94] Corporate Governance and Compliance - The company did not execute any profit distribution or capital reserve transfer during the reporting period[6] - The company has fulfilled its commitments related to the share reform[65] - The company has not experienced any significant accounting errors that require retrospective restatement during the reporting period[144] - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[144] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,751[145] - The largest shareholder, China National Chemical Corporation, holds 1,152,988,931 shares, representing 55.35% of the total shares[145] - The company distributed a cash dividend of 0.15 RMB per share and issued 0.3 bonus shares for every share held, totaling cash dividends of 312,451,900.65 RMB and 624,903,801 bonus shares[145]

Financial Performance - Net profit attributable to shareholders decreased by 24.16% to CNY 241.71 million year-on-year[12] - Operating revenue declined by 11.00% to CNY 12.56 billion compared to the same period last year[12] - Basic earnings per share decreased by 20.00% to CNY 0.12[12] - The weighted average return on equity decreased by 0.79 percentage points to 2.12%[12] - Total operating revenue for Q1 2019 was ¥12,564,697,152.06, a decrease of 11% from ¥14,117,450,238.15 in Q1 2018[41] - Net profit for Q1 2019 was ¥656,779,751.84, compared to ¥704,627,397.72 in Q1 2018, indicating a decline of about 7%[43] - The net profit for Q1 2019 was a loss of CNY 35,747,249.70, compared to a loss of CNY 19,853,272.38 in Q1 2018, indicating a deterioration in performance[48] - Operating profit for Q1 2019 was a loss of CNY 46,394,425.85, worsening from a loss of CNY 24,609,818.85 in Q1 2018[46] Assets and Liabilities - Total assets increased by 12.71% to CNY 56.73 billion compared to the end of the previous year[12] - Current liabilities rose to ¥23.46 billion, a significant increase from ¥16.99 billion, marking a growth of approximately 38.5%[32] - Total liabilities reached ¥33.11 billion, compared to ¥26.33 billion, showing an increase of approximately 25.0%[32] - Total liabilities were ¥26,327,746,697.37, indicating a significant leverage position[63] - Total equity attributable to shareholders was ¥11,242,890,021.44, with retained earnings of ¥5,516,420,085.11[64] - The company’s total liabilities to total assets ratio is approximately 49.2%[72] - The company’s total equity to total assets ratio is approximately 50.8%[72] Cash Flow - Net cash flow from operating activities improved by 50.25%, reaching -CNY 930.15 million[12] - Cash flow from operating activities improved to RMB -930,147,225.63 from RMB -1,869,539,771.31, attributed to increased cash net inflow from commodity sales[24] - Cash inflow from sales of goods and services was 821,679,819.44 RMB, up from 610,606,246.29 RMB year-over-year[53] - The total cash inflow from operating activities was CNY 13,626,443,776.21, down from CNY 16,981,988,529.81 in Q1 2018, a decrease of approximately 19.3%[51] - The total cash outflow from operating activities was CNY 14,556,591,001.84, compared to CNY 18,851,528,301.12 in Q1 2018, reflecting a decrease of about 22.9%[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 65,190[18] - The largest shareholder, China National Chemical Corporation, holds 55.35% of the shares[18] Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[12] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[41] Other Financial Metrics - Non-recurring gains and losses included a profit of CNY 44.16 million from the disposal of non-current assets[12] - Financial expenses decreased by 37.29% to RMB 141,725,754.22 from RMB 225,989,697.74 due to increased exchange gains[21] - Investment income fell by 63.56% to RMB 53,794,719.48 from RMB 147,615,066.95 due to a decline in commodity and financial futures income[21] - Research and development expenses for Q1 2019 were ¥147,220,067.52, an increase from ¥138,081,689.51 in Q1 2018, reflecting a growth of about 6%[41]

Financial Performance - In 2018, the company achieved a total operating revenue of CNY 59,956,573,411.59, a decrease of 4.02% compared to CNY 62,466,074,604.33 in 2017[24] - The net profit attributable to shareholders of the listed company was CNY 911,093,989.20, representing a significant increase of 40.59% from CNY 648,047,109.47 in the previous year[24] - The net cash flow from operating activities reached CNY 2,363,933,708.79, an increase of 170.11% compared to CNY 875,167,887.82 in 2017[24] - The net assets attributable to shareholders of the listed company at the end of 2018 were CNY 11,242,890,021.44, up 4.03% from CNY 10,807,299,101.43 at the end of 2017[24] - Total assets decreased to CNY 50,329,096,406.86, down 9.74% from CNY 55,760,657,557.88 in 2017[24] - Basic earnings per share increased by 41.94% to CNY 0.44 in 2018 compared to CNY 0.31 in 2017[25] - The weighted average return on equity rose by 2.96 percentage points to 8.21% in 2018 from 5.25% in 2017[25] Profit Distribution - The company proposed a dividend distribution of CNY 1.50 per 10 shares, totaling CNY 312,451,900.65 in cash dividends[6] - The company plans to distribute 3 additional shares for every 10 shares held by shareholders, based on the total share capital at the time of implementation[6] - The company reported a net profit of CNY 2,612,241,947.88 for the year, with an accumulated undistributed profit of CNY 648,018,066.77 at the beginning of the year[6] - The cash dividend payout ratio for 2018 was 34.29%, compared to 32.14% in 2017[148] - The total distributable profit for shareholders in 2018 was RMB 2,789,968,753.11 after accounting for retained earnings and other adjustments[144] Business Segments - The company focuses on fine chemicals, including new materials, new energy, and biological industries, with a strong foundation and broad future development space[38] - The high-performance materials and intermediates business has a globally leading production capacity for dichlorobenzene series products and a domestically leading capacity for bio-based epichlorohydrin[38] - The polymer additives business, through Saint-O Chemical Technology Co., has become a global leader in rubber chemicals, with PPD antioxidant leading the global market[38] - The agricultural chemicals business has a comprehensive resource configuration and integrated operation capability, with a leading domestic scale and dozens of active ingredient products[41] Market Position and Strategy - The company has a strong market position in agricultural chemicals, with a complete R&D system and leading capabilities in product creation and production[44] - The company has implemented a strategy of both "addition and subtraction" to optimize its business portfolio and enhance core competitiveness[44] - The company is actively expanding its market presence in major Asia-Pacific pesticide markets, including Thailand, India, the Philippines, and Australia[41] - The company’s marketing efficiency is leading in the Chinese market, with a distribution network covering all provinces except Hong Kong, Macau, Taiwan, and Tibet[41] Research and Development - In 2018, the company's R&D investment reached 660 million RMB, with 891 R&D personnel and 63 ongoing projects[47] - The R&D expenses increased by 23.1% to approximately ¥614.42 million, reflecting the company's commitment to innovation[66] - The company achieved significant breakthroughs in multiple innovation projects, winning 6 important awards, including the National Technology Invention Second Prize for a key technology in green catalytic synthesis[47] Environmental and Safety Investments - The company’s environmental protection investment in 2018 amounted to 439 million RMB, while safety investment reached 127 million RMB, enhancing overall safety levels[50] - The company has established a comprehensive HSE management system, achieving continuous improvement in HSE performance, with a recordable injury rate showing year-on-year improvement[50] Acquisitions and Investments - The company completed the transfer of 100% equity of Sinochem International Logistics Co. for RMB 3.45 billion and 29.19% equity of Jiangshan Chemical for RMB 1.8 billion[42] - The company successfully completed acquisitions to enhance its competitive advantage in the polymer additives sector[57] - The company acquired 18.702% of Jiangsu Yangnong Chemical Group, increasing its stake to 40% through a joint investment with Sinochem Zhejiang Chemical Co., Ltd.[173] Financial Management - The company has a total of 2.2 billion RMB in receivables from related parties, highlighting its interconnected financial relationships[176] - The company reported a procurement cost of 60 billion RMB from Shanxi Yaxin Coal Coking Co., Ltd., indicating significant operational expenses[172] - The company has a total entrusted financial management balance of 25 billion RMB, reflecting its investment strategy[172] Future Outlook - The company aims to become a leading innovative fine chemical enterprise in China, focusing on high-performance materials and new energy solutions[140] - The company plans to increase R&D investment and accelerate the commercialization of technological innovations in 2019[143] - The company will maintain stable growth in existing businesses, including high-performance materials and agricultural chemicals, while optimizing its operational capabilities[143]

Financial Performance - Net profit attributable to shareholders rose by 24.55% to CNY 772.81 million for the first nine months[8] - Basic and diluted earnings per share increased by 23.33% to CNY 0.37[8] - The company reported a total profit of CNY 534,393,233.54 for Q3 2018, up from CNY 398,408,415.70 in Q3 2017[30] - Net profit for Q3 2018 reached CNY 400,658,020.18, an increase of 27.56% compared to CNY 314,089,955.32 in Q3 2017[30] - The company’s total equity attributable to shareholders rose to ¥11.39 billion from ¥10.81 billion, an increase of about 4.9%[24] Revenue and Costs - Operating revenue decreased by 5.61% to CNY 44.88 billion year-on-year[8] - Total operating revenue for Q3 2018 was CNY 14,463,902,837.23, a slight decrease of 1.17% compared to CNY 14,634,939,090.59 in Q3 2017[28] - Total operating costs for Q3 2018 were CNY 14,007,138,462.53, down 2.14% from CNY 14,313,781,617.42 in the same period last year[29] - The gross profit margin for Q3 2018 was approximately 6.98%, down from 10.67% in Q3 2017, indicating increased cost pressures[33] Assets and Liabilities - Total assets increased by 13.60% to CNY 63.34 billion compared to the end of the previous year[7] - Total liabilities increased to ¥39.21 billion from ¥34.72 billion, marking a rise of approximately 12.9%[24] - Current assets rose to ¥41.48 billion, up from ¥36.31 billion, indicating a growth of about 14.0%[22] - Non-current assets totaled ¥21.86 billion, up from ¥19.45 billion, indicating an increase of approximately 12.4%[23] Cash Flow - Net cash flow from operating activities was negative at CNY -69.56 million for the first nine months[7] - The net cash flow from operating activities decreased to CNY -69,562,323.44, compared to CNY 68,158,236.89 in the previous year[17] - The net cash flow from investing activities dropped significantly by 910.34% to CNY -4,658,449,705.34, mainly due to increased investment payments[17] - The net cash flow from financing activities increased to CNY 3,560,135,641.52, compared to CNY -2,526,074,252.97 in the previous year, due to new borrowings[17] Shareholder Information - The total number of shareholders reached 67,928 by the end of the reporting period[13] - The largest shareholder, China National Chemical Corporation, holds 55.35% of the shares[13] Research and Development - Research and development expenses grew by 34.73% to CNY 422,755,180.63, indicating a higher investment in R&D[16] - Research and development expenses for Q3 2018 amounted to CNY 159,211,233.03, representing a 49.6% increase from CNY 106,436,048.83 in Q3 2017[29] Other Financial Metrics - The fair value change of derivatives resulted in a loss of CNY -189,752,497.38, a significant decline of 346.85% compared to the previous year[16] - The company reported a 75.68% decrease in asset impairment losses to CNY 162,200,765.79, indicating reduced provisions for inventory depreciation[16] - The company has not disclosed any new product developments or market expansion strategies in this report[5]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥30.42 billion, a decrease of 7.59% compared to the same period last year[19]. - The net profit attributable to shareholders was approximately ¥646.53 million, representing an increase of 27.62% year-on-year[19]. - The basic earnings per share for the first half of 2018 was ¥0.31, up 29.17% from ¥0.24 in the same period last year[20]. - The total assets of the company at the end of the reporting period were approximately ¥57.20 billion, an increase of 2.59% compared to the end of the previous year[19]. - The weighted average return on net assets increased to 5.84%, up 1.75 percentage points from the previous year[20]. - The company reported a net cash flow from operating activities of approximately -¥435.86 million, indicating a significant improvement from -¥1.33 billion in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥574.60 million, a substantial increase of 298.28% compared to the previous year[19]. - The company reported a revenue of ¥3,041,762.62 million for the current period, a decrease of 7.59% compared to ¥3,291,464.41 million in the previous year[41]. - Operating costs decreased by 10.35% to ¥2,651,750.22 million from ¥2,957,859.82 million year-on-year[41]. - The company achieved a significant reduction in net cash outflow from operating activities, improving by 67.29% to -¥43,586.10 million from -¥133,245.05 million[41]. Business Operations and Strategy - The company completed the acquisition of 100% equity in several subsidiaries, including Sinochem Plastics and Sinochem Jiangsu, in December 2017, impacting comparative data[20]. - The agricultural chemicals business has established a leading position in China, with a wide distribution network covering all provinces except Hong Kong, Macau, Taiwan, and Tibet, and has seen a growth in proprietary product sales[25]. - The high-performance materials and intermediates business has achieved a leading global capacity in dichlorobenzene products and domestic leadership in bio-based epoxy chloropropane, contributing to stable business operations[26]. - The polymer additives business has become a global leader in rubber chemicals, with products like antioxidant PPD leading the market, and is focusing on new product innovation to enhance performance[26]. - The natural rubber business, integrated under Halcyon Agri Corporation, covers the entire industry chain from planting to trading, positioning the company as a global leader in this sector[27]. - The company has implemented a strategy of both acquisitions and divestitures to optimize its business portfolio, enhancing its core competitive advantages and profitability[29]. - The company has established localized subsidiaries in key Asia-Pacific markets such as Thailand, India, the Philippines, and Australia to strengthen its distribution capabilities[29]. - The acquisition of Yangnong Group has provided a robust chemical industry foundation and operational experience, enhancing the company's competitive position in fine chemicals[30]. - The company has formed strategic partnerships with major international tire manufacturers, enhancing its market presence in rubber chemicals[30]. - The company is actively pursuing market opportunities through continuous research and development, aiming to improve its integrated production and sales capabilities[29]. Research and Development - R&D expenditure increased by 27.10% to ¥26,354.39 million compared to ¥20,734.65 million in the previous year, reflecting a commitment to innovation[41]. - The company is focused on enhancing its high-end HEVEA Pro brand certification to increase market share among premium customers[38]. - The company is actively pursuing market expansion and product innovation in the agricultural chemicals sector, aiming to maintain its competitive edge[37]. - The company reported a significant increase in research and development expenditure, reflecting its focus on innovation and long-term growth[76]. Environmental Management - The company has implemented strict environmental protection measures, ensuring compliance with regulations and enhancing pollution control capabilities[88]. - The company has not reported any environmental pollution incidents in the first half of 2018, indicating effective environmental risk management[88]. - Jiangsu Yangnong Chemical Group has implemented strict environmental management measures for construction projects, ensuring compliance with environmental assessment and monitoring requirements[89]. - The company has established a comprehensive wastewater treatment system using Honeywell's fixed biofilm reaction technology, resulting in wastewater discharge concentrations significantly below standard limits[89]. - Key monitoring indicators include COD and ammonia nitrogen in wastewater, and SO2 and NOx in flue gas, with all emissions well below regulatory limits[90]. - The company has a waste management strategy that includes lifecycle monitoring of hazardous waste and initiatives for waste reduction and recycling[90]. - The company has publicly disclosed environmental information, including pollutant discharge and monitoring plans, to enhance transparency and public oversight[89]. - The company has adopted advanced treatment processes for flue gas, achieving emissions of dust and SO2 far below discharge standards[90]. - The company is actively engaged in environmental monitoring and has established a robust system for public reporting of environmental performance[89]. Shareholder and Capital Structure - Total number of ordinary shareholders at the end of the reporting period was 69,797[114]. - The largest shareholder, China National Chemical Corporation, holds 1,152,988,931 shares, representing 55.35% of total shares[117]. - The second largest shareholder, National Social Security Fund 103 Portfolio, increased its holdings by 22,989,901 shares to a total of 50,998,327 shares, accounting for 2.45%[117]. - Central Huijin Asset Management Company holds 50,611,100 shares, representing 2.43% of total shares[117]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 60%[117]. - No changes in the company's share capital structure were reported during the period[114]. - The company has undergone significant restructuring, with a major shareholder holding 55.17% of the equity after a recent acquisition[178]. Financial Position and Liquidity - The company's liquidity ratios showed a current ratio of 1.36 and a quick ratio of 0.72, reflecting a decrease of 7.48% and 10% respectively compared to the previous year[136]. - The debt-to-asset ratio stood at 62.27%, a slight increase of 0.01% from the previous year[136]. - The EBITDA interest coverage ratio improved to 7.11, up 13.94% from the previous year[136]. - The company has maintained a consistent interest payment rate of 100% during the reporting period[136]. - The company successfully paid interest on "11 Zhonghua 02" and "16 Zhonghua Bonds" on their respective due dates in March and June 2018[126]. - The company’s credit rating remains stable at AAA, as assessed by Zhongcheng Credit Rating Co., Ltd.[130]. - No overdue debts were reported during the reporting period, indicating a stable financial position[137]. - Total assets increased to CNY 57.20 billion from CNY 55.76 billion, representing a growth of 2.6%[144]. - Current assets totaled CNY 36.37 billion, slightly up from CNY 36.31 billion, indicating a marginal increase of 0.15%[144]. - Cash and cash equivalents decreased to CNY 6.30 billion from CNY 9.44 billion, a decline of 33.5%[143]. Corporate Governance - The company has not reported any major litigation or arbitration matters during the reporting period[63]. - There were no significant changes in the company's accounting firm during the audit period[64]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[64]. - The company has committed to maintaining the independence of its subsidiary, ensuring operational and financial autonomy[62]. - The company has made commitments to avoid unfair competition with Jiangshan Co., ensuring respect for its independent operational autonomy[59]. - The company has established commitments to avoid competition with Sinochem Holdings, ensuring coordination of existing subsidiaries to minimize potential competition[60].

Financial Performance - In 2017, Sinochem International achieved a total operating revenue of RMB 62.47 billion, representing a year-on-year increase of 15.96% compared to RMB 53.87 billion in 2016[20] - The net profit attributable to shareholders was RMB 648.05 million, a significant increase of 245.93% from RMB 187.33 million in the previous year[20] - The basic earnings per share rose to RMB 0.31, up 244.44% from RMB 0.09 in 2016[21] - The total assets of the company at the end of 2017 were RMB 55.76 billion, reflecting a 3.43% increase from RMB 53.91 billion in 2016[20] - The cash flow from operating activities decreased by 58.06% to RMB 875.17 million from RMB 2.09 billion in 2016[20] - The company proposed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 208.30 million, which accounts for 32.14% of the distributable profits[4] Operational Highlights - The company completed acquisitions of 100% equity in several subsidiaries, including Sinochem Plastics Co., Ltd. and Sinochem Jiangsu Co., Ltd.[21] - The weighted average return on net assets increased to 5.25%, up from 1.53% in the previous year[21] - The net assets attributable to shareholders decreased by 10.98% to RMB 10.81 billion from RMB 12.14 billion in 2016[20] - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section[5] Revenue Breakdown - In Q1 2017, the company reported revenue of approximately ¥17.08 billion, while Q2 and Q3 revenues were ¥14.28 billion and ¥13.64 billion respectively, with Q4 revenue rising to ¥17.47 billion[23] - The net profit attributable to shareholders in Q1 was approximately ¥326 million, which decreased to ¥142 million in Q2 and further to ¥91 million in Q3, before dropping to ¥89 million in Q4[23] - The company experienced a significant non-operating loss of approximately ¥155 million in Q4, following a net profit of ¥1.43 billion in Q3[23] - The cash flow from operating activities showed a negative net amount of approximately ¥2.47 billion in Q1, but improved to ¥1.43 billion in Q3 and remained positive at ¥807 million in Q4[23] Market Position and Strategy - The company has established a strong position in the fine chemical industry, with leading products in high-performance materials and intermediates, benefiting from strategic partnerships and long-term contracts[31] - The global economic recovery and domestic supply-side reforms have positively impacted the pricing of fine chemical products, with significant price rebounds observed starting in Q2 2017[31] - The company aims to enhance its core product profitability through product structure adjustments and technological advancements, leveraging its safety, environmental protection, and stable production advantages[31] - The company has achieved a preliminary integration of its industrial chain, covering agricultural chemicals, high-performance materials, and polymer additives, among others[31] Business Segments - The agricultural business has established a comprehensive product chain with dozens of pesticide varieties and a distribution network covering all provinces except Hong Kong, Macau, Taiwan, and Tibet, with a strong foundation for market advantage[32] - The polymer additives business, under Saint-O Chemical Technology Co., has a global market share of over 40% for its main product, antioxidant PPD, achieving record high operating performance in 2017 despite rising raw material prices[33] - The pharmaceutical health business has a compound annual growth rate of 11% in the Chinese pharmaceutical market, focusing on key products like glucosamine and chondroitin, with a strong export presence in North America and Europe[35] - The natural rubber business, through Halcyon Agri Corporation, has a global market share exceeding 12%, with a distribution capacity of 2 million tons annually and a land reserve of 120,000 hectares for rubber planting[36] Acquisitions and Investments - The company completed significant equity acquisitions, including 100% stakes in several subsidiaries, enhancing its operational capabilities and market presence[37] - The company transferred 100% equity of Sinochem International Logistics Co. for 3.45 billion RMB, indicating strategic asset management[38] - The company has developed a complete strategic management system, enhancing its industry integration capabilities and optimizing its business portfolio[40] - The company has implemented a dual strategy of "both addition and subtraction" to optimize its business portfolio, recovering cash and achieving investment returns[41] Research and Development - Research and development expenses rose by 54.25% to ¥499.11 million, up from ¥323.57 million in the previous year, indicating a strong focus on innovation[60] - The total R&D expenditure for the period was approximately ¥499.11 million, accounting for 0.80% of the operating revenue[74] - The number of R&D personnel was 251, representing 1.32% of the total workforce[74] - In 2017, the company invested ¥522 million in technological innovation and had 76 ongoing projects[76] Environmental and Social Responsibility - The company maintained a strict environmental management system, with no incidents of environmental pollution reported during the year[187] - The company implemented advanced wastewater treatment processes, achieving a total COD discharge of 224 tons and ammonia nitrogen discharge of 7 tons[190] - The company has plans for future donations focused on targeted poverty alleviation and environmental protection initiatives[186] - The company generated 235.845 tons of hazardous waste from pesticides, with a disposal method of incineration[194] Future Outlook - The company provided a future outlook with a revenue guidance of 100 million for 2018, projecting a growth rate of 23%[168] - The company is committed to strategic acquisitions to enhance its market position, aiming for a revenue of 440,182.55 in the upcoming fiscal year[169] - The company plans to expand its market presence, targeting a revenue increase of 10% in the upcoming fiscal year[175] - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[175]

2018 年第一季度报告 公司代码：600500 公司简称：中化国际 中化国际（控股）股份有限公司 2018 年第一季度报告 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 7 | 2018 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 2018 年第一季度报告 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -1,156,176.93 | | | 越权审批，或无正式批准文件，或偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关，符合国家政 | | | | 策规定、按照一定标准定额或定量持续享受的政府补助除外 | 10,220,619.62 | | | 计入当期损益的对非金融企业收取的资金占用费 | | | | 企业取得子公司、联营企业及合营企业的投资成本小于取得投资时应享有 | | | | 被投资单位可辨认净资产公允价值产生的收益 | | | | 非货币性资产交换损益 | ...

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Declaration of Report Authenticity and Audit Status](index=3&type=section&id=1.1-1.4) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility for its content, which has been reviewed by all directors but remains unaudited - Company management guarantees the truthfulness, accuracy, and completeness of the quarterly report content, assuming corresponding legal responsibilities[3](index=3&type=chunk) - This company's Q3 2017 report is unaudited[3](index=3&type=chunk) [Company Profile](index=3&type=section&id=Item%20II.%20Company%20Profile) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In the first three quarters of 2017, the company achieved operating revenue of **RMB 34.98 billion**, a 21.09% YoY increase, and net profit attributable to shareholders of **RMB 385.16 million**, up 105.12% YoY, despite a 63.54% decrease in net cash flow from operating activities, with non-recurring gains significantly impacting net profit Key Financial Indicators for Q1-Q3 2017 | Indicator | YTD as of Reporting Period End (Jan-Sep) | Prior Year Comparable Period (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 34,976,065,466.85 RMB | 28,884,286,052.53 RMB | 21.09% | | Net Profit Attributable to Shareholders of the Listed Company | 385,163,438.40 RMB | 187,775,328.11 RMB | 105.12% | | Net Cash Flow from Operating Activities | 568,680,870.82 RMB | 1,559,589,099.14 RMB | -63.54% | | Basic Earnings Per Share (RMB/share) | 0.18 RMB | 0.09 RMB | 100.00% | | Weighted Average Return on Net Assets | 3.43% | 1.66% | Increased by 1.77 percentage points | - In the first three quarters of 2017, the company's total non-recurring gains and losses amounted to **RMB 216 million**, primarily comprising **RMB 377 million** from fair value changes of financial instruments and **RMB 115 million** from government grants[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Shareholder Information](index=6&type=section&id=2.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Unrestricted%20Shareholders%20as%20of%20Reporting%20Period%20End) As of Q3 2017, the company had **72,254 shareholders**, with China Sinochem Corporation as the largest shareholder holding **55.35%**, and institutional investors like Central Huijin and National Social Security Fund among the top ten - As of the end of the reporting period, the total number of shareholders was **72,254**[11](index=11&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Shares Held at Period End | Proportion (%) | | :--- | :--- | :--- | | China Sinochem Corporation | 1,152,988,931 | 55.35 | | Central Huijin Asset Management Co., Ltd. | 50,611,100 | 2.43 | | Shanghai Huaxin Petroleum Group International Trade Co., Ltd. | 37,600,000 | 1.81 | [Preferred Shareholder Information](index=8&type=section&id=2.3%20Total%20Number%20of%20Preferred%20Shareholders%2C%20Top%20Ten%20Preferred%20Shareholders%2C%20and%20Top%20Ten%20Unrestricted%20Preferred%20Shareholders%20as%20of%20Reporting%20Period%20End) As of the end of the reporting period, the company had no preferred shareholders - The company has no preferred shareholders[13](index=13&type=chunk) [Significant Events](index=8&type=section&id=Item%20III.%20Significant%20Events) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=8&type=section&id=3.1%20Significant%20Changes%20and%20Reasons%20for%20Key%20Financial%20Statement%20Items%20and%20Indicators) During the reporting period, several financial statement items experienced significant changes, including a 35.54% decrease in cash and cash equivalents due to increased short-term operations, a 60.40% reduction in construction in progress as projects were completed, and a more than 5000% surge in investment income from increased associate company earnings Key Balance Sheet Changes and Reasons | Statement Item | Change (%) | Explanation | | :--- | :--- | :--- | | Cash and Cash Equivalents | -35.54 | Primarily due to increased short-term capital operations | | Other Current Assets | 94.07 | Primarily due to increased short-term capital operations | | Construction in Progress | -60.40 | Primarily due to partial completion and transfer to fixed assets of Yangnong Chemical's Youjia Phase II project | | Bonds Payable | 32.20 | Primarily due to bond issuance in the current period | Key Income Statement Changes and Reasons | Statement Item | Change (%) | Explanation | | :--- | :--- | :--- | | Financial Expenses | 121.79 | Primarily due to an increase in the scope of consolidation year-over-year | | Asset Impairment Losses | 162.21 | Primarily due to an increase in the scope of consolidation year-over-year | | Investment Income | -5197.89 | Primarily due to an increase in investment income from associate companies year-over-year | | Non-Operating Expenses | 2261.71 | Primarily due to an increase in policy-related relocation expenses | Key Cash Flow Statement Changes and Reasons | Statement Item | Change (%) | Explanation | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -63.54 | Primarily due to increased operating cash outflows | | Net Cash Flow from Investing Activities | -93.02 | Primarily due to decreased investing cash outflows | | Net Cash Flow from Financing Activities | -143.61 | Primarily due to decreased financing cash inflows | [Performance Forecast](index=10&type=section&id=3.4%20Warning%20and%20Explanation%20of%20Potential%20Loss%20or%20Significant%20Change%20in%20Cumulative%20Net%20Profit%20from%20Year-Start%20to%20End%20of%20Next%20Reporting%20Period%20Compared%20to%20Prior%20Year) The company anticipates continued significant performance growth, primarily driven by substantial profit increases in its core businesses, including fine chemicals, rubber additives, and natural rubber - The company expects future performance to maintain substantial growth, primarily due to significant profit increases in core businesses such as fine chemicals, rubber additives, and natural rubber[16](index=16&type=chunk) [Appendix](index=11&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=11&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's unaudited consolidated and parent company balance sheets as of September 30, 2017, and consolidated and parent company income statements and cash flow statements for January-September 2017 [Consolidated Balance Sheet](index=11&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2017, the company's total assets were **RMB 49.97 billion**, a slight decrease of 0.07% from the beginning of the year, while total liabilities decreased by 5.7% to **RMB 28.25 billion**, and total equity attributable to the parent company increased by 2.83% to **RMB 11.49 billion** Key Consolidated Balance Sheet Data (September 30, 2017) | Item | Period-End Balance (RMB) | Year-Start Balance (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 49,974,266,891.78 | 50,010,834,179.87 | -0.07% | | Total Liabilities | 28,246,616,637.78 | 29,952,271,298.17 | -5.70% | | Total Equity Attributable to Parent Company Owners | 11,487,728,226.71 | 11,171,952,762.45 | +2.83% | [Consolidated Income Statement](index=16&type=section&id=Consolidated%20Income%20Statement) For January-September 2017, the company achieved total operating revenue of **RMB 34.98 billion**, a 21.09% YoY increase, with operating profit reaching **RMB 1.37 billion**, up 174.61% YoY, and net profit attributable to parent company owners at **RMB 385.16 million**, a 105.12% YoY increase Key Consolidated Income Statement Data (Jan-Sep 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 34,976,065,466.85 | 28,884,286,052.53 | +21.09% | | Operating Profit | 1,374,112,081.09 | 500,389,855.88 | +174.61% | | Net Profit Attributable to Parent Company Owners | 385,163,438.40 | 187,775,328.11 | +105.12% | [Consolidated Cash Flow Statement](index=21&type=section&id=Consolidated%20Cash%20Flow%20Statement) From January to September 2017, net cash flow from operating activities was **RMB 568.68 million**, a 63.54% YoY decrease, while net cash outflow from investing activities significantly reduced by 93.02% to **RMB 507.14 million**, and net cash flow from financing activities shifted from a **RMB 5.93 billion** inflow to a **RMB 2.59 billion** outflow Key Consolidated Cash Flow Statement Data (Jan-Sep 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 568,680,870.82 | 1,559,589,099.14 | -63.54% | | Net Cash Flow from Investing Activities | -507,142,316.48 | -7,269,250,809.05 | -93.02% | | Net Cash Flow from Financing Activities | -2,586,590,450.62 | 5,931,534,501.10 | -143.61% | [Audit Report](index=24&type=section&id=4.2%20Audit%20Report) This quarterly report is unaudited - This financial report is marked "Not Applicable," indicating it is an unaudited report[39](index=39&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥24.89 billion, an increase of 26.81% compared to ¥19.62 billion in the same period last year[15]. - Net profit attributable to shareholders was ¥371.75 million, a significant increase of 163.32% from ¥141.18 million in the previous year[15]. - Basic earnings per share rose to ¥0.18, reflecting a 157.14% increase from ¥0.07 in the same period last year[16]. - Revenue increased by 26.81% to approximately ¥24.89 billion compared to ¥19.62 billion in the same period last year[40]. - Operating costs rose by 26.16% to approximately ¥21.93 billion, driven by changes in the scope of consolidation due to acquisitions[40]. - The company reported a significant increase in other income, amounting to RMB 94,132,611.23, due to government subsidies[76]. - The net profit for the current period was reported at 1,140,300 RMB, which is a significant recovery from previous losses[128]. - The comprehensive income for the current period amounted to 879,760,100 RMB, compared to 513,607,000 RMB in the previous period, indicating a year-over-year increase of about 71.3%[128]. Assets and Liabilities - Total assets increased by 2.06% to ¥51.04 billion, compared to ¥50.01 billion at the end of the previous year[15]. - The total assets of the company increased by 10% compared to the previous year, reflecting growth in operational capacity[86]. - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 509,826.67 million, representing 44.63% of the company's net assets[74]. - Total liabilities decreased slightly from CNY 29,952,271,298.17 to CNY 29,611,186,667.94, a reduction of about 1.14%[106]. - The company's total liabilities decreased by 13,026,000 RMB, reflecting a positive trend in debt management[130]. Cash Flow - The company reported a net cash flow from operating activities of -¥840.54 million, indicating a significant change from ¥787.89 million in the previous year[15]. - Cash flow from operating activities was ¥26,004,195,809.96, compared to ¥21,988,145,355.28 in the previous period, indicating an increase of 18.5%[118]. - The net cash flow from operating activities was -840,542,477.81 RMB, compared to 787,891,496.82 RMB in the previous period, indicating a significant decline[119]. - Cash inflow from investment activities was 3,861,802,546.07 RMB, while cash outflow totaled 1,561,632,741.44 RMB, leading to a net cash flow of 2,300,169,804.63 RMB from investments[119]. - The total cash inflow from financing activities was 14,109,272,471.91 RMB, with cash outflow of 14,135,758,772.23 RMB, resulting in a net cash flow of -26,486,300.32 RMB[120]. Business Operations - The company has a total production capacity of approximately 170,000 tons in its agricultural chemicals business, with over 40 product varieties and exports to more than 100 countries[23]. - The natural rubber business has a processing capacity of 1.4 million tons and a planting land reserve of 120,000 hectares, with an annual sales volume of 2 million tons, representing 11% of the global total processing capacity[24]. - The company has established a marketing network with over 2000 grassroots distributors in the agricultural chemicals sector, enhancing its market presence[23]. - The company has achieved a global market share of over 40% in its rubber chemical product, PPD[24]. - The company has formed strategic partnerships with leading suppliers in the agricultural chemicals sector, including exclusive distribution agreements with Monsanto in China[23]. - The company has implemented a strategy of both "addition and subtraction" to optimize its business portfolio, leading to improved cash recovery and investment returns[26]. Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[2]. - There were no violations of decision-making procedures regarding external guarantees[2]. - The company has a robust internal control system, ensuring 100% coverage of key units and processes, with no significant deficiencies reported in recent years[35]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[56]. - The company has not faced any significant risks or uncertainties that would impact its financial performance[54]. Strategic Development - The company is actively developing new customers in the shipping business to mitigate market-related losses[38]. - The company has optimized its container business to improve operational efficiency, achieving a year-on-year increase of 14%[38]. - The company is planning to expand its market presence, focusing on strategic partnerships and new product development[86]. - The company has appointed new independent directors to strengthen its governance structure[86]. - The company is exploring mergers and acquisitions to enhance its competitive edge in the market[86]. Financial Reporting and Accounting - The report indicates that the financial data has not been audited[3]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position as of June 30, 2017[150]. - The company’s accounting policies include provisions for bad debts and revenue recognition, tailored to its operational characteristics[149]. - The company did not report any significant changes in accounting policies or estimates during the reporting period[75]. - The group recognizes financial assets or liabilities when it becomes a party to the financial instrument contract[167].

Financial Performance - Net profit attributable to shareholders rose by 288.99% to CNY 234.26 million year-on-year[5] - Operating revenue surged by 55.89% to CNY 13.18 billion compared to the same period last year[5] - Basic earnings per share increased by 266.67% to CNY 0.11 per share[5] - The company reported a significant increase in net profit after deducting non-recurring items, which rose by 2.69% to CNY 137.24 million[5] - Net profit for Q1 2017 was ¥469,066,822.89, up from ¥168,813,798.32 in Q1 2016, reflecting a growth of approximately 177.5%[25] - The net profit attributable to the parent company was ¥234,256,394.14, compared to ¥60,221,619.81 in the previous year, marking an increase of around 288.5%[25] - The total comprehensive income attributable to the parent company was CNY 329,772,925.00, up from CNY 84,910,780.52 in the same quarter last year[26] Assets and Liabilities - Total assets increased by 7.01% to CNY 53.51 billion compared to the end of the previous year[5] - Total assets increased to ¥53,514,385,544.09 from ¥50,010,834,179.87, reflecting growth in both current and non-current assets[16] - Accounts receivable rose by 38.03% to ¥6,199,302,324.07, primarily due to increased trade business procurement[11] - Other current assets surged by 112.69% to ¥4,264,820,280.25, attributed to increased procurement of engineering materials[11] - Short-term borrowings increased by 22.06% to ¥10,932,832,028.13, indicating higher financing needs[16] - Total liabilities increased to ¥7,164,252,412.33 from ¥7,210,162,012.41, showing a decrease of about 0.6%[22] - The total equity attributable to shareholders of the parent company was ¥8,227,045,636.04, up from ¥8,192,201,099.68, indicating a growth of approximately 0.4%[22] Cash Flow - The net cash flow from operating activities was negative at CNY -1.90 billion, a significant decline from CNY 19.66 million in the previous year[5] - Operating cash flow net amount decreased to -¥1,896,661,930.01 from ¥19,664,443.43, indicating a significant cash outflow[13] - The cash flow from operating activities showed a net outflow of CNY -1,896,661,930.01, compared to a net inflow of CNY 19,664,443.43 in Q1 2016[31] - Cash inflows from investment activities of CNY 3,492,333,465.48, an increase from CNY 780,137,526.02 in the previous year[32] - The cash flow from financing activities generated a net inflow of CNY 1,859,880,903.29, down from CNY 4,325,409,169.65 in Q1 2016[32] Shareholder Information - The total number of shareholders reached 75,162 at the end of the reporting period[9] - The largest shareholder, China National Chemical Corporation, holds 55.35% of the shares[9] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 97.02 million, primarily from government subsidies and other income[7] Financial Expenses and Investment Income - Financial expenses increased by 184.61% to ¥162,853,777.72 due to an expanded consolidation scope and reduced exchange gains[12] - Investment income improved to ¥30,182,501.89 from a loss of ¥48,666,434.70, driven by increased operational returns and equity investment gains[12] - The company reported an investment income of ¥30,182,501.89, a recovery from a loss of ¥48,666,434.70 in the previous year[25] Inventory and Cash Equivalents - Inventory levels rose to ¥1,038,376,339.03 from ¥741,314,156.69, representing an increase of approximately 40.0%[20] - Cash and cash equivalents decreased significantly to ¥541,697,113.94 from ¥2,980,499,788.76, a decline of about 81.8%[20] - The cash and cash equivalents at the end of the period totaled CNY 5,149,278,636.01, compared to CNY 4,677,200,366.24 at the end of Q1 2016[32]