Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 9,992,812,121.60, representing a 43.47% increase compared to CNY 6,965,116,515.74 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 983,500,335.52, a significant increase of 155.42% from CNY 385,047,669.95 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 950,002,044.08, up 137.96% from CNY 399,233,095.60 in the same period last year[22]. - The net cash flow from operating activities was CNY 398,802,737.23, reflecting a 53.10% increase compared to CNY 260,480,455.00 in the previous year[22]. - In the first half of 2022, the company achieved operating revenue of CNY 9.993 billion, an increase of 43.47% year-on-year, and a total profit of CNY 1.741 billion, up 75.44% from the previous year[38]. - The aluminum deep processing business recorded a sales volume of 251,100 tons, a year-on-year increase of 9.96%, with core products accounting for approximately 80% of total sales[39]. - The average price of aluminum ingots was CNY 21,398.63 per ton, reflecting a year-on-year increase of about 23%, benefiting the company's performance through its green hydropower aluminum business[40]. - Operating income from the non-ferrous metals sector was CNY 8.967 billion, with a gross margin of 22.11%, reflecting a year-on-year increase of 45.11%[50]. - The coal business's operating income surged by 211.13% year-on-year, with a gross margin of 53.83%[50]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 23,334,513,867.13, a 6.90% increase from CNY 21,827,357,770.34 at the end of the previous year[22]. - The total liabilities decreased by 31.47% to CNY 734.99 million, reflecting the company's efforts to reduce debt through restructuring[54]. - Cash and cash equivalents at the end of the period amounted to CNY 3.19 billion, representing 13.66% of total assets, an increase of 43.19% from the previous year[54]. - Short-term borrowings decreased by 92.19% to CNY 49.89 million, reflecting the execution of a restructuring plan to settle debts[54]. - Total current assets increased to ¥7,405,858,882.12 from ¥5,858,371,418.49, representing a growth of approximately 26.4%[166]. - Total liabilities decreased to ¥9,008,575,562.41 from ¥10,214,844,707.02, a reduction of about 11.8%[170]. - The company's equity increased to RMB 8,735,874,308.37, up from RMB 6,502,578,491.77, marking a growth of 34.3%[176]. Research and Development - The company filed 43 patents and received 32 authorized patents during the reporting period, enhancing its technological innovation capabilities[45]. - Research and development expenses for the first half of 2022 were RMB 368,212,719.15, an increase from RMB 310,523,063.97 in the previous year[181]. - The company has a strong focus on technological innovation, with significant achievements in energy-saving technologies for aluminum electrolysis, leading to a reduction of 500 kWh in direct current consumption per ton of aluminum[33]. Environmental Initiatives - The company has established a "green hydropower aluminum" industry layout, significantly reducing carbon emissions by approximately 11 tons per ton of aluminum produced compared to traditional thermal power methods[31]. - The company is committed to sustainable development and has optimized its industrial structure to enhance market competitiveness while adhering to green and low-carbon development principles[28]. - The company has implemented a plan to increase the use of recycled aluminum, which has lower energy consumption, thereby reducing carbon emissions[107]. - The company has successfully transferred 250,000 tons of electrolytic aluminum capacity to environmentally friendly hydropower resources in Sichuan, significantly reducing carbon emissions[107]. - In March 2022, the company was fined 20,250 RMB for failing to timely pay carbon emission allowances for the 2019-2020 period[101]. Corporate Governance and Shareholder Information - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The company approved the 2022 Restricted Stock Incentive Plan, with 91.85 million shares granted on July 1, 2022[88]. - The largest shareholder, Henan Yulian Energy Group, held 811,248,821 shares, representing 20.68% of the total shares, with no changes during the reporting period[154]. - The company granted 91.85 million restricted stocks to 289 incentive objects as part of its 2022 incentive plan, increasing the total shares from 3,922,448,114 to 4,014,298,114[151]. Risks and Challenges - The company faces economic operation risks brought by the COVID-19 pandemic, which may affect production and operations[74]. - Industry competition is intensifying, especially in the aluminum deep processing sector, leading to fierce market competition[75]. - Major raw material price fluctuation risks, particularly in aluminum and alumina prices, may impact production costs[76]. - Export risks and exchange rate fluctuations may affect the revenue from the company's export products[78].

证券代码：600595 证券简称：中孚实业 公告编号：临2022-040 河南中孚实业股份有限公司 关于公司参加河南辖区上市公司 2022 年 投资者网上集体接待日活动召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本次活动召开情况 河南中孚实业股份有限公司（以下简称"公司"）于2022年5月30日（周一） 15:30—17:00参加在全景网举办的"真诚沟通 传递价值"河南辖区上市公司2022 年投资者网上集体接待日活动。公司董事长马文超先生、董事会秘书杨萍女士和 总会计师郎刘毅女士出席了本次活动，与投资者进行了互动交流。 二、本次活动投资者提出的主要问题及公司的回复情况 问题 1、问下你们公司今年准备分红吗或者转送股票？ 回复：感谢您对公司的关注！经北京兴华会计师事务所（特殊普通合伙）审 计，本公司 2021 年初未分配利润为人民币-440,229.44 万元，加上 2021 年度归属 于母公司净利润为人民币 65,598.44 万元，截至 2021 年末未分配利润为人民币 -374,631.00 ...

证券代码：600595 证券简称：中孚实业 公告编号：临2022-035 河南中孚实业股份有限公司 关于公司参加河南辖区上市公司 2022 年 投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 活动时间：2022年5月30日（周一）15:30-17:00 活动方式：网络互动交流 一、活动概况 河南中孚实业股份有限公司（以下简称"公司"）2021年年度报告及2022 年第一季度报告已于2022年4月30日在上海证券交易所网站披露。为进一步加强 与投资者的互动交流，公司定于2022年5月30日（周一）15:30-17:00参加在全景 网举办的"真诚沟通 传递价值"河南辖区上市公司2022年投资者网上集体接待 日活动，本次活动将采用网络远程的方式举行，投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。 二、活动时间及方式 1、活动时间：2022年5月30日（周一）15:30-17:00 2、活动方式：网络互动交流。 三、参加人员 出席本次投资者 ...

Financial Performance - The company reported a net profit attributable to the parent company of RMB 65.6 million for the year 2021, with an accumulated undistributed profit of RMB -374.6 million by the end of the reporting period[6]. - The company's operating revenue for 2021 was CNY 15,283,365,032.29, an increase of 86.83% compared to CNY 8,180,407,197.16 in 2020[26]. - The net profit attributable to shareholders in 2021 was CNY 655,984,410.22, a significant recovery from a loss of CNY 1,783,435,704.13 in 2020[26]. - The net cash flow from operating activities reached CNY 1,330,754,769.55, representing a 145.76% increase from CNY 541,490,154.93 in 2020[26]. - The company's total assets as of the end of 2021 were CNY 21,827,357,770.34, up 7.70% from CNY 20,266,150,475.35 at the end of 2020[26]. - Basic earnings per share for 2021 were CNY 0.27, a recovery from a loss of CNY 0.91 in 2020[26]. - The weighted average return on equity increased to 17.94% in 2021, up from -70.95% in 2020, marking an improvement of 88.89 percentage points[26]. - The company reported a quarterly net profit of CNY 211,790,957.53 in Q2 2021, compared to CNY 173,256,712.42 in Q1 2021[28]. - Non-recurring gains and losses for 2021 totaled CNY -34,001,786.17, a significant improvement from CNY -832,987,358.9 in 2020[32]. Capital Structure and Shareholder Information - The total share capital increased from 1,961,224,057 shares to 3,922,448,114 shares due to a capital reserve conversion, with a ratio of 1:1 for the conversion[12]. - The company will not distribute profits or implement capital reserve conversion into share capital for the year due to negative undistributed profits[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures in providing guarantees[8]. - The company has maintained independent bank accounts and does not share accounts with controlling shareholders[109]. - The company has a clear policy for independent tax payment without any influence from controlling shareholders[109]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[114]. - The total pre-tax remuneration for the chairman of the board was 3.85 million yuan, while the general manager received 3.12 million yuan[114]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[4]. - The company has a complete corporate governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and senior management[111]. - The board of directors includes independent members, ensuring diverse perspectives in decision-making processes[135]. - The management team emphasizes a flat organizational structure and efficient decision-making processes, aiming to attract and retain top talent through a performance-based compensation system[55]. - The company has a robust governance framework that prevents direct interference from shareholders in operational activities[111]. - The audit committee convened 4 times, reviewing the annual report and audit results, confirming the financial statements accurately reflect the company's financial status as of December 31, 2020[135]. Market and Operational Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]. - The company is focused on high-end markets, including automotive and aerospace, leveraging its technological and resource advantages to enhance product value[50]. - The company is expanding its market share in aluminum deep processing by initiating the construction of a fourth cold rolling mill to meet growing demand[38]. - The company plans to focus on green, low-carbon, and lightweight development, aiming to become a high-end aluminum alloy new material supplier with international competitiveness[95]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on companies that align with its strategic goals[117]. Environmental Compliance and Sustainability - The company has implemented strict environmental standards and upgraded production processes to ensure compliance and efficient operation[102]. - The company has established a "green hydropower aluminum" production layout, significantly reducing carbon emissions compared to traditional methods[49]. - The company has committed to using its operating income and other means to repay the occupied funds by the end of 2023[177]. - The company has increased the use of recycled aluminum in various products to lower energy consumption and carbon emissions[165]. - Zhongfu Electric's wastewater and air pollutant emissions were within the permitted limits, with wastewater COD at 34.65 tons and ammonia nitrogen at 0.95 tons; air pollutants included sulfur dioxide at 463.61 tons and nitrogen oxides at 756.28 tons[151]. Risks and Challenges - The company faces risks from the ongoing COVID-19 pandemic, which may impact production and operations if not effectively controlled[97]. - The company is exposed to industry competition risks due to the expansion of large aluminum enterprises into downstream processing, necessitating improvements in product cost, process, and quality[100]. - The company's main raw materials include primary aluminum, alumina, and coal, with price fluctuations posing a significant risk to production costs[101]. - External uncertainties, including the pandemic and trade disputes, may affect the company's export products and revenue due to exchange rate fluctuations[103]. Legal and Regulatory Matters - The company is currently involved in significant litigation, including a case where Huarong Financial Leasing Co., Ltd. is seeking repayment of 634.9685 million yuan, with part of the debt already settled[191]. - The company is also facing a lawsuit from China Nonferrous Metal Industry Sixth Metallurgical Construction Co., Ltd. for 53.899 million yuan related to a construction contract dispute[192]. - The company has been under court-ordered reorganization since December 2020, impacting its operational and financial strategies[188]. - The management team is actively working on debt repayment plans as per the reorganization guidelines, ensuring compliance with court rulings[192].

Financial Performance - The company's operating revenue for Q1 2022 was ¥4,773,195,641.44, representing a 48.17% increase compared to the same period last year[7] - The net profit attributable to shareholders was ¥423,737,267.25, showing a significant increase of 144.57% year-on-year[7] - The net profit for Q1 2022 was ¥691,431,148.08, compared to ¥347,486,407.69 in Q1 2021, representing a 99.0% increase[41] - The total profit for Q1 2022 was ¥838,998,104.04, compared to ¥417,429,158.14 in Q1 2021, marking a 100.7% increase[41] - The company reported a basic earnings per share of ¥0.11, reflecting a 22.22% increase year-on-year[7] - Basic earnings per share for Q1 2022 were ¥0.11, up from ¥0.09 in Q1 2021[43] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥277,177,803.54, an increase of 240.06% compared to the previous year[7] - Cash inflow from operating activities in Q1 2022 was ¥4,355,631,024.26, compared to ¥2,304,310,860.14 in Q1 2021, indicating an increase of 89.0%[45] - The net cash flow from operating activities was 277,177,803.54, an increase from 81,509,146.97 in the previous period, reflecting a significant improvement in operational efficiency[48] - Total cash and cash equivalents at the end of the period reached 853,733,760.59, up from 156,188,955.80, indicating strong liquidity position[50] - The company's cash and cash equivalents increased to RMB 3,297,847,883.86 from RMB 2,225,782,970.65, representing a significant increase of about 48.2% year-over-year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,095,503,370.39, up 5.81% from the end of the previous year[9] - The total assets amounted to 12,423,360,172.31, compared to 11,513,959,200.34, representing an increase of about 7.9%[56] - The total current liabilities decreased to RMB 5,679,467,624.60 from RMB 6,009,569,565.20, indicating a reduction of approximately 5.5%[34] - The total non-current liabilities decreased to RMB 4,060,153,009.79 from RMB 4,205,275,141.82, indicating a reduction of about 3.4%[34] - The total liabilities increased to 5,056,616,651.35 from 5,011,380,708.57, indicating a slight rise in financial obligations[56] Equity and Investments - The equity attributable to shareholders increased by 16.31% to ¥10,524,326,107.39 compared to the end of the previous year[9] - The company's total equity attributable to shareholders increased to RMB 10,524,326,107.39 from RMB 9,048,650,315.54, reflecting a growth of approximately 16.3%[34] - The company raised CNY 500,000,000.00 through financing activities in Q1 2022, which is a new strategy to enhance liquidity[66] - The total equity increased to CNY 7,366,743,520.96 in Q1 2022, compared to CNY 6,502,578,491.77 in Q1 2021, showing a growth of approximately 13.3%[62] Research and Development - Research and development expenses rose by 57.96%, primarily due to increased investment in R&D materials[14] - The company's R&D expenses in Q1 2022 amounted to ¥179,670,265.15, an increase of 57.9% from ¥113,742,959.32 in Q1 2021[38] - Research and development expenses increased to CNY 38,024,672.16 in Q1 2022, compared to CNY 22,153,050.31 in Q1 2021, marking an increase of about 71.7%[62] Government Support - The company received government subsidies amounting to ¥24,184,258.42, contributing to other income growth of 443.90%[14]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥3,696,007,662.15, representing a year-on-year increase of 74.90%[4] - The net profit attributable to shareholders for the same period was ¥119,470,264.29, with a year-to-date net profit of ¥504,517,934.24[4] - The company reported a 104.43% increase in operating revenue for the first nine months of 2021, driven by increased sales of electrolytic aluminum and rising aluminum prices[8] - Total operating revenue for the first three quarters of 2021 reached ¥10,661,124,177.89, a significant increase from ¥5,214,985,460.26 in the same period of 2020, representing a growth of approximately 104%[31] - Operating profit for the third quarter of 2021 was ¥1,522,206,588.50, compared to a loss of ¥288,343,991.36 in the previous year, indicating a turnaround in profitability[34] - Net profit for the third quarter of 2021 was ¥1,246,127,134.15, a substantial improvement from a net loss of ¥408,887,454.66 in the same quarter of 2020[34] - The company reported a total comprehensive income of ¥1,246,127,134.15 for the third quarter of 2021, compared to a loss of ¥408,887,454.66 in the same quarter of 2020[35] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥21,542,330,621.95, reflecting a 6.30% increase compared to the end of the previous year[6] - The company’s total assets reached ¥21,542,330,621.95, up from ¥20,266,150,475.35 year-over-year, indicating growth in asset base[27] - The total current liabilities decreased to RMB 5,686,587,998.82 from RMB 12,941,393,040.08, showing a reduction of approximately 56.0%[25] - The company’s total liabilities decreased significantly to RMB 7,371,041,281.29 from RMB 16,823,320,566.29, indicating a reduction of approximately 56.2%[25] - Total liabilities amounted to ¥9,870,050,647.65, a decrease from ¥20,378,232,772.52 year-over-year, indicating improved financial health[27] Equity and Shareholder Information - The equity attributable to shareholders increased significantly by 469.33% to ¥9,309,254,728.52 compared to the previous year-end[6] - The total equity attributable to shareholders of the parent company was ¥9,309,254,728.52, a significant increase from ¥1,635,137,797.91 in the previous year[27] - The total number of common shareholders at the end of the reporting period was 69,732[12] - The company completed a capital increase by converting capital reserves into share capital, doubling the total share capital from 1,961,224,057 shares to 3,922,448,114 shares[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥803,303,474.46, showing a substantial increase of 183.33%[4] - The cash inflow from operating activities for the first three quarters of 2021 was approximately ¥8.78 billion, compared to ¥5.12 billion in the same period of 2020, representing a year-over-year increase of about 71.5%[40] - The net cash flow from operating activities for the first three quarters of 2021 was approximately ¥803.30 million, up from ¥283.52 million in 2020, indicating a significant improvement[40] - The ending balance of cash and cash equivalents as of the end of the reporting period was approximately ¥543.12 million, compared to ¥90.64 million at the end of the same period in 2020, indicating a substantial increase[42] Expenses and Investments - Research and development expenses increased to ¥513,792,406.31 in the first three quarters of 2021, up from ¥234,902,136.47 in the same period of 2020, reflecting a focus on innovation[31] - The company’s financial expenses decreased significantly to ¥117,433,787.01 from ¥835,923,632.54 in the previous year, suggesting improved cost management[31] - The cash inflow from investment activities for the first three quarters of 2021 was approximately ¥85.97 million, down from ¥406.97 million in 2020, showing a decline of about 78.8%[42] - The net cash flow from investment activities for the first three quarters of 2021 was approximately -¥6.02 million, compared to -¥35.53 million in 2020, indicating a reduced loss[42] - Cash inflow from financing activities in the first three quarters of 2021 was approximately ¥380.06 million, significantly lower than ¥2.69 billion in 2020, a decrease of about 85.9%[42] - The net cash flow from financing activities for the first three quarters of 2021 was approximately -¥392.70 million, compared to -¥560.05 million in 2020, showing an improvement in cash flow[42] Inventory and Receivables - Inventory levels increased to RMB 1,823,133,268.50 from RMB 1,394,705,409.89, reflecting a rise of about 30.8%[22] - The company’s accounts receivable stood at RMB 498,856,979.11, slightly up from RMB 498,780,493.50, showing a marginal increase of approximately 0.2%[22] - The company’s total non-current assets were RMB 16,013,654,525.63, a decrease from RMB 16,319,924,795.86, reflecting a decline of about 1.9%[25] - Long-term borrowings were reported at RMB 1,684,873,282.85, down from RMB 3,881,966,101.58, indicating a decrease of about 56.6%[25] - The company’s long-term equity investments increased to RMB 438,463,294.67 from RMB 273,647,030.54, representing a growth of approximately 60.3%[22]

Restructuring and Financial Recovery - The restructuring plan was approved by the Zhengzhou Intermediate People's Court on August 10, 2021, marking the transition to the execution phase of the restructuring plan [11]. - The company has entered a restructuring plan approved by the Zhengzhou Intermediate People's Court, which was initiated due to its inability to repay due debts [118]. - The restructuring plan execution phase has commenced following the court's approval on August 10, 2021, after the creditor meetings held in February and July 2021 [118]. - The company reported a net profit of -178,343.57 million RMB for the year 2020, indicating significant financial challenges [116]. - The company has a plan to increase monthly repayment amounts after the completion of a 250,000-ton capacity transfer project [112]. - The company has been actively pursuing legal measures to recover funds from related parties as part of its financial strategy [112]. - The company has committed to a 36-month lock-up period for shares subscribed by Henan Yulian Energy Group Co., Ltd. following a private placement [108]. - The company has reported an increase of 113.25 million RMB in non-operating fund occupation during the reporting period, primarily due to interest increases [112]. - The total amount of non-operating funds occupied by related parties at the end of the reporting period was 48,440.21 million RMB, which represents 29.62% of the latest audited net assets [112]. Financial Performance - The company's operating revenue for the first half of the year reached ¥6,965,116,515.74, representing a 124.55% increase compared to ¥3,101,753,685.92 in the same period last year [25]. - The net profit attributable to shareholders was ¥385,047,669.95, a significant recovery from a loss of ¥186,830,614.48 in the previous year [25]. - The net cash flow from operating activities was ¥260,480,455.00, showing a slight increase of 4.79% from ¥248,579,761.34 in the same period last year [28]. - The company's total assets increased by 2.49% to ¥20,769,867,740.65 from ¥20,266,150,475.35 at the end of the previous year [28]. - The weighted average return on net assets improved to 21.07% from -5.64% in the same period last year [28]. - The company achieved operating revenue of 6.97 billion yuan, a year-on-year increase of 124.55% [46]. - The total profit reached 992 million yuan, an increase of 1.33 billion yuan compared to the same period last year [46]. - The company's revenue from non-ferrous metals reached ¥6,179,558,289.78, with a year-on-year increase of 145.85% [57]. - The gross profit margin for aluminum processing was 20.35%, reflecting a year-on-year increase of 4.17% [57]. - The company's total assets decreased by 86.14% in trading financial assets, dropping to ¥5,275,575.00 [61]. Environmental Initiatives - The company is focusing on "green, low-carbon, and circular development" in its aluminum processing sector, enhancing its market competitiveness [34]. - The company has established a "green hydropower aluminum" industry layout, significantly reducing carbon emissions in aluminum production [38]. - Zhongfu Aluminum completed the investment in electrolytic cell gas collection efficiency and purification dust removal upgrade, resulting in a 55% reduction in particulate matter emissions after the desulfurization facilities compared to before the upgrade [103]. - Zhongfu Carbon has implemented a dual-stage dust removal system with wet electrostatic dust removal facilities, achieving near-zero particulate matter emissions [103]. - Zhongfu Aluminum has increased the use of recycled aluminum in its production process, contributing to lower energy consumption and reduced carbon emissions [105]. - The company has established automatic online monitoring systems for all waste gas and wastewater discharge points, ensuring compliance with environmental regulations [97]. Share Capital and Ownership - The company has a total share capital of 1,961,224,057 shares, which will be increased to 3,922,448,114 shares through a capital reserve conversion at a ratio of 1:1 [12]. - Approximately 1.163 billion shares from the capital increase will be allocated to creditors for debt settlement, with the remaining shares to be publicly disposed of under conditions [12]. - The total number of ordinary shareholders reached 68,485 by the end of the reporting period [164]. - The largest shareholder, Henan Yulian Energy Group Co., Ltd., holds 811,248,821 shares, representing 41.36% of the total shares [164]. - The company holds 54.93% of shares collectively by major shareholders, indicating a strong control over the company [169]. Legal and Compliance Issues - Huarong Financial Leasing Co., Ltd. filed a lawsuit against Henan Zhongfu Carbon Co., Ltd. and others, claiming a total of 634.9685 million CNY, with 402.7767 million CNY settled through mediation [122]. - China Nonferrous Metal Industry Sixth Metallurgical Construction Co., Ltd. sued Henan Zhongfu Industrial Co., Ltd. for a construction contract dispute, seeking 53.8993 million CNY in payments [123]. - CITIC Futu Financing Leasing Co., Ltd. initiated a lawsuit against Henan Jinfeng Coal Industry Group Co., Ltd. and others, with the court determining the debt according to the restructuring plan [126]. - The company has ongoing litigation and restructuring processes affecting its financial obligations and claims [131][132]. - The company has maintained strict compliance with information disclosure requirements regarding pollutant emissions and quarterly reports [99]. Research and Development - Research and development expenses rose to 310.52 million yuan, a 210.09% increase year-on-year [53]. - The company developed a new technology for producing 0.208 mm ultra-thin can lid materials, achieving mass production [40]. - The company plans to continue focusing on market expansion and new product development to drive future growth [199].

2021 年第一季度报告 公司代码：600595 公司简称：*ST 中孚 河南中孚实业股份有限公司 2021 年第一季度报告 1 / 21 2021 年第一季度报告 | --- | --- | --- | |-------|---------------|-------| | | 目录 | | | 一、 | 重要提示 | | | i Í | 公司基本情况… | | | lí | 重要事项 | | | 四、 | 附录 . | | 2 / 21 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人崔红松、主管会计工作负责人郎刘毅及会计机构负责人（会计主管人员）张哲保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------- ...

Financial Performance - The company reported a net profit attributable to the parent company of RMB -1,783,435,704.13, resulting in a total undistributed profit of RMB -4,402,294,390.64 by the end of the reporting period[6]. - The company will not distribute profits for the year due to negative undistributed profits, pending approval at the 2020 annual general meeting[6]. - The company's operating revenue for 2020 was approximately ¥8.18 billion, a 48.22% increase from ¥5.52 billion in 2019[25]. - The net profit attributable to shareholders was a loss of approximately ¥1.78 billion, a significant decrease compared to a profit of ¥104.36 million in 2019, representing a decline of 1,808.92%[25]. - The net cash flow from operating activities was approximately ¥541.49 million, down 26.70% from ¥738.77 million in 2019[25]. - The total assets at the end of 2020 were approximately ¥20.27 billion, a decrease of 9.42% from ¥22.37 billion at the end of 2019[25]. - The company's net assets attributable to shareholders decreased by 51.99% to approximately ¥1.64 billion from ¥3.41 billion in 2019[25]. - The basic earnings per share for 2020 was -¥0.91, compared to ¥0.05 in 2019, reflecting a decrease of 1,920.00%[25]. - The company incurred non-recurring losses totaling approximately ¥832.99 million in 2020, compared to gains of ¥685.30 million in 2019[29]. - The company reported a net loss of approximately CNY 1.78 billion for 2020, with no dividends distributed to shareholders[109]. Audit and Compliance - The audit report issued by Beijing Xinghua Accounting Firm confirmed the financial statements' authenticity, accuracy, and completeness, despite highlighting significant uncertainties regarding the company's ability to continue as a going concern[5]. - All board members attended the board meeting, ensuring collective responsibility for the report's accuracy[5]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees to external parties[8]. - The company is committed to transparency and has provided contact information for investor relations and financial inquiries[20]. Operational Challenges - The company has a negative retained earnings balance, indicating financial challenges that may affect future operations[6]. - The company has detailed potential risks in the "Discussion and Analysis of Operating Conditions" section of the report[10]. - The company faced significant risks due to industry competition, particularly from domestic and international aluminum processing firms, leading to potential oversupply in low-end products[101]. - Major raw material supply risks were highlighted, with coal and alumina being critical inputs; significant price increases could pressure production costs[104]. - Aluminum price volatility poses a risk, with export pricing linked to LME aluminum prices, affecting profitability[105]. - Environmental safety risks were noted, with the company upgrading production processes to meet stringent standards, which may increase operational costs[106]. - Export risks and currency fluctuations were acknowledged, with potential anti-dumping measures from the US and Europe impacting sales; the company plans to mitigate these through market adjustments and financial hedging[107]. Strategic Focus - The company is focusing on sustainable development and has established a "coal-electricity-aluminum-deep processing" integrated industrial chain[35]. - The company is focusing on high-end markets such as automotive sheets, ship plates, and aerospace plates to enhance product value[46]. - The company’s aluminum deep processing products include materials for beverage cans and high-performance plates for oil tankers, with ongoing development of new products[46]. - The company’s research and development efforts have led to significant advancements, including energy-saving technologies that reduce electricity consumption by 500 kWh per ton of aluminum[49]. - The company aims to develop international advanced aluminum alloy new materials and technologies, focusing on high-end, energy-saving, and environmentally sustainable development[99]. - The company plans to achieve steady growth in operating income in 2021 compared to 2020, promoting high-quality development[100]. Legal and Restructuring Issues - The company faced a restructuring application from creditor Zhengzhou Fenghua Carbon Co., Ltd. on August 20, 2020, due to inability to repay due debts[122]. - The first creditors' meeting for the restructuring case was held on February 7, 2021, indicating that the company's operations are stable and restructuring efforts are ongoing[123]. - The company is currently involved in significant litigation cases, including disputes with Zhong Aluminum Henan Aluminum Co., Ltd. and others, which may impact financial performance[124]. - The company has disclosed multiple legal disputes, including cases with Huaron Financial Leasing Co., Ltd. and others, which could affect its financial standing[127]. - The company has been actively communicating with stakeholders to protect the interests of creditors, minority shareholders, and employees during the restructuring process[123]. - The company has a history of significant litigation, which may pose risks to its financial health and operational stability[124]. - The company is committed to timely disclosures regarding the progress of its restructuring efforts to maintain stakeholder trust[123]. Related Party Transactions - The total amount of related party transactions for the year reached CNY 115.11 million, with significant purchases from related companies including CNY 16,196.44 million for aluminum products and CNY 8,945.89 million for raw coal[191]. - The company’s related party transactions are priced based on market conditions, ensuring fairness and necessity for normal operations[191]. Market and Industry Context - The aluminum industry is a key sector in the national economy, with increasing demand for green and low-carbon development in response to evolving market needs[36]. - The non-ferrous metal smelting and rolling industry achieved operating income of CNY 55,606 billion in 2020, a year-on-year growth of 4.2%, and a total profit of CNY 1,479 billion, up 20.3% year-on-year[98]. - In 2020, the average spot price of aluminum reached CNY 16,480 per ton, a year-on-year increase of 15%, marking a historical high[98].

Financial Performance - Operating income for the period from January to September was CNY 5,214,985,460.26, an increase of 1.76% year-on-year[18]. - Net profit attributable to shareholders of the listed company was a loss of CNY 245,449,168.50, compared to a loss of CNY 203,054,008.90 in the previous year[18]. - The company reported a net loss of approximately $2.86 billion, worsening from a loss of $2.62 billion year-over-year[44]. - The total profit for Q3 2020 was ¥32,989,165.44, a recovery from a loss of ¥15,315,811.13 in Q3 2019[55]. - The company reported a total comprehensive income of -¥65,254,313.81 for Q3 2020, compared to ¥8,820,937.67 in Q3 2019, showing a significant decline[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,330,285,003.92, a decrease of 4.66% compared to the end of the previous year[18]. - Total liabilities decreased from approximately $19.90 billion to $19.26 billion, a decline of about 3.2%[44]. - Current liabilities decreased from approximately $14.83 billion to $12.53 billion, a reduction of about 15.5%[41]. - Long-term borrowings increased significantly from approximately $2.40 billion to $4.06 billion, an increase of about 69.8%[41]. - The total liabilities were reported at ¥19,902,841,154.25, with non-current liabilities at ¥5,068,139,181.05[85]. Cash Flow - Net cash flow from operating activities for the period was CNY 283,524,094.61, a decrease of 59.69% compared to the previous year[18]. - The cash inflow from operating activities for the first nine months of 2020 was ¥5,119,717,936.89, down from ¥5,924,344,569.93 in the same period of 2019[67]. - The total cash inflow from operating activities was 6,421,682,919.32 RMB, down from 9,073,961,401.83 RMB year-on-year[73]. - The net cash flow from investing activities was -12,286,211.84 RMB, indicating a decline in investment returns[74]. - The ending balance of cash and cash equivalents was 500,287.65 RMB, a significant decrease from 6,558,311.47 RMB at the end of the previous period[76]. Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 3,170,986,889.09, down 6.89% from the previous year[18]. - The total number of shareholders at the end of the reporting period was 82,412[21]. - The largest shareholder, Henan Yulian Energy Group Co., Ltd., held 41.36% of the shares[21]. Expenses - Sales expenses increased by 69.45% to ¥96,379,928.85 from ¥56,878,449.00[29]. - Financial expenses rose by 36.33% to ¥835,923,632.54 from ¥613,168,978.30[29]. - Research and development expenses surged to ¥134,762,179.15 in Q3 2020, up 187% from ¥46,846,752.90 in Q3 2019[52]. - The financial expenses for Q3 2020 were ¥74,519,498.56, an increase from ¥49,936,756.78 in Q3 2019, marking a rise of approximately 49.3%[61]. Government Support - The company received government subsidies amounting to CNY 33,492,860.26 from January to September[21]. Judicial Status - The company is currently undergoing judicial reorganization as of August 20, 2020, with stable production and project construction ongoing[34].