2022 年第一季度报告 证券代码：600722 证券简称：金牛化工 河北金牛化工股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | | 本报告期 | 本报告期比上年同期 增减变动幅度(%) | | --- | --- | --- | --- | | 营业收入 | | 150,780,578.68 | 18.30 | | 归属于上市公司股东的净利润 | | 12,151,310.08 | 52.04 | | 归属于上市公司股东的扣除非经常 | | 12,035,602.14 | 52.88 ...

2021 年第三季度报告 证券代码：600722 证券简称：金牛化工 河北金牛化工股份有限公司 2021 年第三季度报告 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： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | | | 期增减变 动幅度(%) | | 变动幅度(%) | | 营业收入 | 134,306,299.43 | 49.13 | 407,559,068.10 | 26.25 | | 归属于上市公司 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥273,252,768.67, representing a 17.40% increase compared to ¥232,748,089.24 in the same period last year[14]. - The net profit attributable to shareholders of the listed company reached ¥18,307,903.39, a significant increase of 135.76% from ¥7,765,626.93 in the previous year[14]. - The net cash flow from operating activities was ¥22,404,223.05, showing an impressive increase of 855.95% compared to ¥2,343,653.96 in the same period last year[14]. - Basic earnings per share for the first half of 2021 were ¥0.0269, up 135.96% from ¥0.0114 in the same period last year[15]. - The weighted average return on net assets increased to 1.79%, up by 1.02 percentage points from 0.77% in the previous year[15]. - The company achieved operating revenue of 273.25 million yuan, an increase of 17.40% year-on-year[24]. - The net profit attributable to shareholders was 18.31 million yuan, a significant increase of 135.76% year-on-year[24]. - The company reported a net profit of 3,266.62 million RMB from its subsidiary Jin Niu Xu Yang, which accounts for 50% ownership[30]. - The company reported a net loss of RMB 1,384,915,311.49, a slight improvement from a loss of RMB 1,403,223,214.88 in the previous period[71]. - The total comprehensive income for the first half of 2021 was approximately 7,765,626.93, compared to 5,114,983.36 in the same period of 2020, representing an increase of about 51.5%[95]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,304,312,535.62, which is a 5.20% increase from ¥1,239,819,123.01 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company were ¥1,029,860,589.93, reflecting a 1.72% increase from ¥1,012,459,571.88 at the end of the previous year[14]. - Total liabilities rose to RMB 145,338,904.65 from RMB 113,643,161.52, which is an increase of about 27.8%[71]. - The company's equity attributable to shareholders was RMB 1,029,860,589.93, up from RMB 1,012,459,571.88, indicating a growth of approximately 1.7%[71]. - The total current liabilities increased to RMB 145,286,404.65 from RMB 113,538,161.52, representing a rise of approximately 28.0%[71]. - The company's total assets at the end of the first half of 2021 were CNY 1,403,223,214.88, showing stability compared to previous periods[91]. Operational Insights - The methanol production capacity of the subsidiary, Jinniu Xuyang, is 200,000 tons per year[24]. - The methanol output for the first half of 2021 was 112,600 tons[24]. - The average operating rate of methanol production in China is around 75%, with total capacity at approximately 95 million tons per year[21]. - The company's sales expenses increased by 53.27% to 4.75 million yuan due to higher sales volume[26]. - The company's inventory increased by 67.17% to 4.54 million yuan, attributed to higher end-of-period stock levels[29]. - The company anticipates a release of approximately 2.6 million tons of new methanol capacity in the domestic market in the second half of the year, which may lead to an oversupply situation[31]. Environmental and Compliance - The company has established a comprehensive environmental protection system, with online monitoring devices installed at pollution discharge points for real-time data collection[43]. - The quarterly monitoring by external environmental monitoring companies includes emissions of sulfur dioxide and nitrogen oxides, ensuring compliance with environmental standards[44]. - There were no administrative penalties due to environmental issues during the reporting period, indicating effective compliance with regulations[46]. - The company has implemented measures to monitor and reduce carbon emissions, although specific results were not disclosed in the report[46]. - The company has established a temporary storage facility for hazardous waste, operational since June 2009, and a wastewater treatment station operational since July 2015[40]. Shareholder and Governance - The company did not formulate a profit distribution plan for the first half of the year[4]. - The company emphasizes the importance of protecting shareholder rights and maintaining transparency in related party transactions[48]. - The company guarantees that it will not accept preferential conditions in market transactions compared to third parties, ensuring equity among shareholders[48]. - The total number of ordinary shareholders at the end of the reporting period was 70,896[60]. - The top shareholder, Jizhong Energy Co., Ltd., holds 36.05% of the shares, totaling 245,267,074 shares[61]. - The company has not reported any changes in its total share capital or share structure during the reporting period[59]. Future Outlook and Strategy - The company plans to continue optimizing resource utilization and maintaining strict budget management to support stable growth[24]. - The company is maintaining a cautious outlook on market conditions, which may affect future performance[200]. - No specific performance guidance was provided for the upcoming quarters, indicating uncertainty in forecasting[200]. - The company is not currently pursuing any new strategic initiatives, which may limit competitive advantage[200]. - The company is focusing on enhancing its liquidity position, which is crucial for future investments and operational flexibility[200]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, ensuring the company's ability to continue operations[108]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[111]. - The company recognizes revenue when control of goods or services is transferred to the customer, primarily at the point of delivery[171]. - The company recognizes expected credit loss provisions in the financial statements, reflecting changes in credit risk since initial recognition[135]. - The company has confirmed that there are no significant changes in accounting estimates for the current reporting period[190].

Financial Performance - Net profit attributable to shareholders increased by 96.61% to CNY 7,992,161.31 compared to the same period last year[6] - Operating revenue rose by 5.79% to CNY 127,459,022.16 compared to the previous year[6] - Basic earnings per share increased by 95.00% to CNY 0.0117 compared to the same period last year[6] - Net profit for Q1 2021 was CNY 13,952,151.32, up 92.5% from CNY 7,241,335.27 in Q1 2020[25] - The company achieved an operating profit of CNY 14,568,704.34, compared to CNY 7,274,646.84 in the same period last year, marking an increase of 100%[25] - The comprehensive income totalled CNY 13,952,151.32, reflecting a strong performance compared to CNY 7,241,335.27 in Q1 2020[26] Cash Flow - Net cash flow from operating activities increased by 70.55% to CNY 19,913,447.17 compared to the same period last year[6] - In Q1 2021, the company reported cash inflows from operating activities of ¥151,140,948.42, an increase of 19.93% compared to ¥126,035,339.68 in Q1 2020[30] - The net cash flow from operating activities for Q1 2021 was ¥19,913,447.17, up 70.67% from ¥11,676,071.56 in Q1 2020[30] - The net cash flow from the parent company's operating activities was ¥4,002,348.15, significantly lower than ¥28,047,159.27 in the previous year, indicating a decline of 85.69%[34] Assets and Liabilities - Total assets increased by 3.81% to CNY 1,287,105,717.95 compared to the end of the previous year[6] - Total current assets increased to CNY 1,073,355,008.86 as of March 31, 2021, up from CNY 1,034,099,202.42 as of December 31, 2020, representing a growth of approximately 3.1%[17] - Total liabilities increased to CNY 146,853,993.14 as of March 31, 2021, compared to CNY 113,643,161.52 as of December 31, 2020, reflecting an increase of approximately 29.2%[18] - The company's total assets reached CNY 1,287,105,717.95 as of March 31, 2021, up from CNY 1,239,819,123.01, marking an increase of about 3.8%[19] - The total equity attributable to shareholders reached CNY 1,020,513,539.19 as of March 31, 2021, compared to CNY 1,012,459,571.88 as of December 31, 2020, reflecting a slight increase of approximately 0.5%[19] Investments and Subsidies - The company received government subsidies amounting to CNY 30,055.80 during the reporting period[6] - The company's investment income increased significantly to CNY 19,191.69 compared to a loss of CNY 58,784.60 in the previous period[11] - The company's construction in progress increased by 41.78% to CNY 26,889,343.02 due to increased investments in projects[11] Shareholder Information - The number of shareholders reached 83,059 at the end of the reporting period[9] Inventory and Receivables - The total inventory increased to CNY 3,309,596.94 as of March 31, 2021, from CNY 2,713,730.87, representing a growth of approximately 21.9%[17] - Accounts receivable decreased slightly to CNY 23,609,174.85 from CNY 23,892,248.48, indicating a decrease of about 1.2%[17] Financial Expenses and Tax - The financial expenses showed a significant increase, with interest income dropping to CNY -4,603,044.49 from CNY 3,625,771.52 in the previous year[25] - The company’s tax expenses increased to CNY 824,581.58 from CNY 33,311.57, indicating a significant rise in tax obligations[25] Employee Compensation - The company reported a decrease in employee compensation payable to CNY 5,145,203.90 from CNY 7,097,714.67, a reduction of about 27.5%[18] Other Information - The company did not report any significant new product developments or market expansions during this quarter[35]

Financial Performance - The company's operating revenue for 2020 was ¥404,035,305.28, a decrease of 48.68% compared to ¥787,219,833.92 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥9,925,926.88, down 68.24% from ¥31,254,712.16 in 2019[18]. - The net cash flow from operating activities decreased by 77.90% to ¥32,522,587.47 in 2020 from ¥147,185,894.16 in 2019[18]. - The basic earnings per share for 2020 was ¥0.0146, a decline of 68.19% compared to ¥0.0459 in 2019[19]. - The weighted average return on equity for 2020 was 0.98%, a decrease of 2.18 percentage points from 3.16% in 2019[19]. - The company reported a net profit of ¥139,918.25 in Q4 2020, significantly lower than the profits in previous quarters[21]. - The company achieved operating revenue of CNY 404.04 million in 2020, a decrease of 48.68% compared to the previous year[32]. - The net profit attributable to shareholders was CNY 9.93 million, down 68.24% year-on-year[32]. - The total revenue from methanol business was CNY 247.66 million, with the largest customer contributing CNY 116.19 million, accounting for 28.76% of the methanol revenue[43]. - The company reported a significant reduction in sales expenses by 81.98% to CNY 610,263, due to reclassification of transportation costs to operating costs[50]. Assets and Liabilities - The total assets at the end of 2020 were ¥1,239,819,123.01, an increase of 1.28% from ¥1,224,148,988.52 at the end of 2019[18]. - The company has maintained its net assets at ¥1,012,459,571.88 at the end of 2020, a slight increase of 0.64% from the previous year[18]. - Accounts receivable decreased by 38.93% to ¥23,892,248.48, down from ¥39,125,869.30 in the previous period[57]. - Long-term equity investments increased by 62.15% to ¥622,338.22, compared to ¥383,814.86 in the previous period[57]. - Total liabilities increased to CNY 113,643,161.52, compared to CNY 108,622,430.74, showing a rise of about 4.7%[167]. - Owner's equity reached CNY 1,126,175,961.49, up from CNY 1,115,526,557.78, indicating a growth of around 0.6%[167]. Production and Sales - Methanol production volume was 173,400 tons, reflecting a significant decline due to reduced demand and operational challenges[32]. - The production volume of methanol was 173,436 tons, with a sales volume of 172,916 tons, reflecting a decrease of 20.71% and 20.88% respectively compared to the previous year[39]. - The average methanol market price experienced a significant drop, influenced by the COVID-19 pandemic and oversupply conditions[28]. - The company’s methanol production capacity is 200,000 tons per year, representing approximately 0.20% of the national capacity[28]. - The company plans to produce and sell 196,000 tons of methanol in 2021, aiming for a revenue of 370 million RMB[77]. Research and Development - The company's R&D expenditure totaled CNY 1.89 million, accounting for 0.47% of total revenue, with no capitalized R&D costs[51]. - Research and development expenses for 2020 were RMB 1,888,596.42, with no data available for 2019[173]. Environmental Compliance - The company reported emissions data, including 10.50 grams of smoke and 388.48 kilograms of nitrogen oxides from its first boiler, adhering to environmental standards[99]. - The company maintained compliance with pollution discharge standards, with actual emissions of 441.42 grams of smoke from the second boiler, below the limit of 10 mg/m³[99]. - The company has established a complete environmental protection system, with online monitoring devices installed at pollution discharge points, maintained by third-party operators[103]. - The company conducts quarterly external monitoring of pollutants, including sulfur dioxide and nitrogen oxides, to ensure compliance with environmental standards[104]. Governance and Compliance - The company has maintained an independent financial accounting system, ensuring that its financial personnel do not hold positions or receive compensation from related parties[87]. - The independent auditor issued a standard unqualified opinion on the internal control audit for the year 2020[142]. - The company has implemented a robust internal control system to ensure compliance and operational efficiency[141]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[130]. Shareholder Information - The top shareholder, Jizhong Energy Co., Ltd., holds 245,267,074 shares, accounting for 36.05% of the total shares[113]. - Jizhong Energy Fengfeng Group Co., Ltd. holds 135,995,903 shares, representing 19.99% of the total shares, with 67,990,000 shares pledged[113]. - The company has a total of 40,481 ordinary shareholders as of the end of the reporting period, a decrease from 83,059 in the previous month[111]. Employee Information - The company has a total of 199 employees, with 125 in production, 3 in sales, 6 in technology, 19 in finance, and 46 in administration[131]. - The company implements a performance-based salary system, linking salary to performance assessments conducted quarterly[132]. - The board of directors and senior management remuneration is determined based on performance evaluations and industry standards[126]. Future Outlook - The company will continue to implement strategies focused on "adjustment, potential tapping, transformation, and upgrading" to enhance profitability and reduce operational risks[76]. - The methanol industry is expected to face oversupply conditions, leading to continued low pricing in the market[75].

Financial Performance - Operating revenue decreased by 53.95% to CNY 322,809,510.34 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 60.23% to CNY 9,786,008.63 for the first nine months compared to the same period last year[7] - Net cash flow from operating activities decreased by 94.30% to CNY 7,108,073.39 for the first nine months compared to the same period last year[7] - Revenue for the first three quarters of 2020 was CNY 322,809,510.34, a decrease of 53.95% compared to CNY 701,072,616.67 in the same period of 2019, primarily due to the impact of the pandemic on sales from subsidiaries[14] - Operating costs decreased by 53.87% to CNY 296,806,631.36 from CNY 643,380,532.16 year-on-year, attributed to reduced sales from subsidiaries[14] - Total profit for the first three quarters of 2020 was ¥16,061,449.45, down 63.8% from ¥44,523,278.31 in the same period of 2019[25] - The company reported a significant increase in other income, which rose to CNY 876,236.83, a 591.65% increase compared to CNY 126,686.98 in the previous year, due to the write-off of unpayable accounts payable[14] Assets and Liabilities - Total assets increased by 0.63% to CNY 1,231,877,030.72 compared to the end of the previous year[7] - Accounts receivable decreased by 54.43% to CNY 17,828,888.11 compared to the end of the previous year[13] - Inventory increased by 39.60% to CNY 2,932,750.54 compared to the end of the previous year[13] - Construction in progress increased by 251.80% to CNY 8,900,589.89 due to increased investment in technology renovation projects[13] - The total assets as of September 30, 2020, were CNY 1,231,877,030.72, slightly up from CNY 1,224,148,988.52 at the end of 2019[18] - The total liabilities decreased to CNY 1,035,552,578.08 from CNY 1,033,445,325.88 year-on-year[18] - Current liabilities totaled CNY 40,222,091.85, down from CNY 47,265,418.38 in the previous year, indicating a reduction of approximately 15%[21] - The company's total equity reached CNY 1,098,958,007.23, a marginal increase from CNY 1,094,735,298.58 year-over-year[22] Cash Flow - Net cash flow from operating activities was CNY 7,108,073.39, down 94.30% from CNY 124,772,985.98 in the previous year, mainly due to decreased sales revenue and increased prepayments[15] - The cash flow from operating activities for the first nine months of 2020 was CNY 7,108,073.39 million, down from CNY 124,772,985.98 million in the previous year, reflecting a decrease of approximately 94.3%[31] - The total cash inflow from operating activities in Q3 2020 was CNY 352,057,790.05 million, while cash outflow was CNY 344,949,716.66 million, resulting in a net cash flow of CNY 7,108,073.39 million[32] - The company reported a cash and cash equivalents balance of CNY 866,128,718.06 million at the end of Q3 2020, slightly up from CNY 862,207,060.15 million at the end of Q3 2019[33] Shareholder Information - The number of shareholders reached 39,831 at the end of the reporting period[10] - The company did not distribute dividends during the reporting period, resulting in a net cash flow from financing activities of CNY 0.00, a 100% decrease from CNY -18,033,840.32 in the previous year[15] Tax and Income - The company’s income tax expense decreased by 49.36% to CNY 1,385,639.62 from CNY 2,736,077.40, primarily due to reduced income from subsidiaries[14] - Tax expenses for Q3 2020 were ¥297,235.16, down from ¥1,536,173.27 in Q3 2019[25] Other Financial Metrics - The weighted average return on equity decreased by 1.5010 percentage points to 0.9902%[7] - The company's cash and cash equivalents increased to CNY 870,230,018.06 from CNY 853,180,711.38 year-on-year[17] - The company reported a financial expense of -¥3,672,551.10 in Q3 2020, compared to -¥4,720,645.68 in Q3 2019[24] - The company incurred a financial expense of CNY -9,276,934.61 million for the first nine months of 2020, compared to CNY -13,149,827.00 million in the previous year[29]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥232,748,089.24, a decrease of 47.81% compared to ¥445,925,553.81 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2020 was ¥7,765,626.93, down 55.47% from ¥17,441,034.68 in the previous year[16]. - The net cash flow from operating activities was ¥2,343,653.96, a significant decline of 97.64% compared to ¥99,303,815.57 in the same period last year[16]. - Basic earnings per share for the first half of 2020 were ¥0.0114, down 55.47% from ¥0.0256 in the same period last year[17]. - The weighted average return on net assets decreased to 0.77% from 1.77% in the previous year, a decline of 1.00 percentage points[17]. - The company's revenue for the first half of 2020 was CNY 23,274.81 million, a decrease of 47.81% year-on-year[25]. - The net profit attributable to shareholders was CNY 776.56 million, down 55.47% compared to the same period last year[25]. - The company reported a net loss of CNY 1,405,383,514.83 for the period, slightly improved from a loss of CNY 1,413,149,141.76 in the previous period[66]. - The total comprehensive income for the first half of 2020 was ¥12,880,610.29, down 57.3% from ¥30,115,134.88 in the first half of 2019[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,214,118,814.30, a decrease of 0.82% from ¥1,224,148,988.52 at the end of the previous year[16]. - The company's net assets attributable to shareholders increased slightly by 0.72% to ¥1,013,263,109.36 from ¥1,005,973,189.23 at the end of the previous year[16]. - Total current liabilities decreased from CNY 108,412,430.74 to CNY 86,505,559.81, a reduction of approximately 20.2%[65]. - The company's total liabilities amounted to CNY 86,663,059.81, down from CNY 108,622,430.74, marking a decrease of approximately 20.2%[66]. - The total assets as of June 30, 2020, amounted to CNY 1,214,118,814.30, a slight decrease from CNY 1,224,148,988.52 at the end of 2019[64]. Inventory and Accounts Receivable - Accounts receivable decreased by 87.64% to CNY 2,970,865.28, primarily due to the recovery of prior receivables[29]. - Inventory decreased by 56.77% to CNY 3,782,878.30, attributed to reduced operations in subsidiaries[29]. - The total accounts receivable at the end of the period amounted to 55,515,211.20 RMB, with a bad debt provision of 52,544,345.94 RMB, resulting in a provision ratio of 94.5%[195]. - The total amount of accounts receivable from major clients accounted for 31,037,238.44 RMB, representing 55.91% of the total accounts receivable balance[200]. Operational Insights - The company’s main business is the production and sales of methanol, with a production capacity of 200,000 tons per year[20]. - The domestic methanol market experienced a significant oversupply, leading to a substantial decline in prices, with many regions hitting historical lows[25]. - The company has increased investment in ongoing projects, with construction in progress rising to CNY 6,029,771.85, a 1,044.57% increase[29]. - The company implemented strict safety and environmental measures during the COVID-19 pandemic, ensuring normal operations[25]. Environmental and Safety Compliance - The company reported actual emissions of 10.50 kg of smoke dust from the No. 1 boiler, which is below the standard of ≤5 mg/m³[45]. - The total nitrogen oxides emissions from the No. 1 boiler were 388.48 grams, complying with the standard of ≤100 mg/m³[45]. - The company operates a wastewater treatment plant that has been in operation since July 2015, effectively managing wastewater emissions[46]. - The company has established a complete environmental protection system, with online monitoring devices installed at pollution discharge points[49]. Governance and Compliance - The company has committed to ensuring fair pricing in related transactions to protect the interests of minority shareholders[37]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[97]. - The company has committed to ensuring the independence of its subsidiary, Jin Niu Chemical, in terms of operations, assets, and financial management, to avoid any conflicts of interest[39]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[40]. Financial Management and Strategy - The company has not proposed any profit distribution or capital reserve increase for the half-year period[35]. - The company has not reported any major asset or equity sales during the reporting period[31]. - The company has reiterated its commitment to fair and transparent practices in any necessary related party transactions, ensuring the protection of minority shareholders' interests[39]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[85]. Changes in Accounting Policies - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[99]. - The company adopted new revenue recognition standards effective January 1, 2020, resulting in a reclassification of RMB 4,246,961.67 to contract liabilities[179]. - The company has not experienced significant impacts on its financial position or operating results from the adoption of new accounting standards[179]. Credit Risk Management - The company has not applied the expected credit loss model for bad debt provisions, indicating a traditional approach to credit risk management[198]. - The total bad debt provision for the period was 52,387,984.61 RMB, reflecting a consistent approach to managing credit risk[197]. - The company assesses the recoverability of receivables and recognizes expected credit losses for other receivables[133].

1 证券代码：600722 证券简称：金牛化工 公告编号：2020-016 河北金牛化工股份有限公司关于参加河北辖区 上市公司 2020 年度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。 河北金牛化工股份有限公司（以下简称"公司"）为便于广大投资者更深入全面地 了解公司情况、发展战略、经营状况、持续发展等投资者所关心的问题，公司定于 2020 年 6 月 12 日（星期五），下午 15:50-17:00 参加中国证监会河北监管局举办的"上市公 司 2020 年度投资者网上集体接待日活动"。现将有关事项公告如下： 本次活动将在深圳市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， 投资者可以登录"河北辖区上市公司投资者关系互动平台"（http://rs.p5w.net）参 与交流。公司相关高管人员将出席此次活动，欢迎广大投资者积极参与。 特此公告。 河北金牛化工股份有限公司董事会 二○二〇年六月九日 ...

Financial Performance - Total revenue for Q1 2020 was 120,483,218.29 RMB, a decrease of 49.14% compared to 236,904,202.08 RMB in the same period last year[12] - Net profit attributable to shareholders was 4,064,902.81 RMB, down 16.38% from 4,860,955.45 RMB year-on-year[5] - The net cash flow from operating activities was 11,676,071.56 RMB, a significant decline of 74.96% compared to 46,638,111.92 RMB in the previous year[5] - The company reported a significant decrease in sales expenses, down 33.33% to 544,857.03 RMB, attributed to reduced sales volume and transportation costs[12] - Net profit for Q1 2020 was ¥7,241,335.27, a decline of 28.5% from ¥10,125,519.23 in Q1 2019[28] - The company reported a financial expense of -¥2,211,936.10 in Q1 2020, an improvement from -¥3,667,016.73 in Q1 2019[28] - The company recorded a credit impairment loss of ¥1,455,874.78 in Q1 2020, indicating potential challenges in asset quality[28] - The company incurred financial expenses of CNY -1,999,899.43 in Q1 2020, compared to CNY -3,348,570.34 in Q1 2019, showing a reduction of approximately 40.39%[32] Assets and Liabilities - Total assets at the end of the reporting period were 1,224,684,635.41 RMB, a slight increase of 0.04% from 1,224,148,988.52 RMB at the end of the previous year[5] - The total current assets as of March 31, 2020, amounted to ¥1,033,708,930.89, slightly up from ¥1,033,445,325.88 at the end of 2019[18] - Accounts receivable decreased to ¥20,889,512.67 from ¥39,125,869.30, indicating a significant reduction in outstanding payments[18] - The total liabilities decreased to ¥101,504,447.18 from ¥108,622,430.74, showing a reduction in overall debt[19] - Total liabilities for Q1 2020 were ¥40,635,307.16, a decrease from ¥47,265,418.38 in Q4 2019[25] - The company's total equity as of March 31, 2020, was ¥1,123,180,188.23, up from ¥1,115,526,557.78 at the end of 2019[20] - Shareholders' equity totaled ¥1,096,176,170.78 in Q1 2020, compared to ¥1,094,735,298.58 in Q4 2019[25] Inventory and Cash Flow - Inventory increased by 267.12% to 7,712,728.99 RMB due to the impact of the pandemic on subsidiary operations[11] - Inventory increased to ¥7,712,728.99 from ¥2,100,889.37, reflecting a buildup of stock[18] - The net cash flow from operating activities decreased by 74.96% to ¥11,676,071.56 compared to ¥46,638,111.92 in the previous period, primarily due to reduced sales from subsidiaries affected by the pandemic[15] - The cash inflow from sales of goods and services in Q1 2020 was CNY 121,363,075.57, down from CNY 259,030,743.79 in Q1 2019, representing a decline of approximately 53.25%[34] - The company’s cash and cash equivalents at the end of Q1 2020 amounted to CNY 862,957,982.94, an increase from CNY 802,025,178.78 at the end of Q1 2019[35] Tax and Subsidies - The company received a government subsidy of 26,250.00 RMB related to its normal business operations[5] - The income tax expense for the period was ¥33,311.57, a significant change from a tax benefit of -¥56,457.80 in the previous period[13] - Tax expenses for Q1 2020 were ¥33,311.57, compared to a tax benefit of -¥56,457.80 in Q1 2019[28] - The company paid CNY 5,079,871.68 in taxes during Q1 2020, a decrease from CNY 17,609,592.45 in Q1 2019, indicating a reduction of about 71.16%[34] Shareholder Information - The company’s major shareholder, Jizhong Energy Group, holds 20.00% of the shares, while Jizhong Energy Pingfeng Group holds 19.99%[9] Accounting and Reporting - The company did not report any significant new strategies or product developments during the quarter[15] - The company did not apply the new revenue and lease accounting standards for the year 2020[39] - There were no retrospective adjustments made to prior comparative data due to the new accounting standards[39] - The audit report was not applicable for this period[39]

Financial Performance - The company's operating revenue for 2019 was approximately ¥787.22 million, a decrease of 17.67% compared to ¥956.20 million in 2018[17]. - The net profit attributable to shareholders for 2019 was approximately ¥31.25 million, down 46.44% from ¥58.36 million in 2018[17]. - The basic earnings per share for 2019 was ¥0.0459, a decline of 46.5% compared to ¥0.0858 in 2018[16]. - The net cash flow from operating activities for 2019 was approximately ¥147.19 million, a decrease of 32.03% from ¥216.54 million in 2018[17]. - The total assets at the end of 2019 were approximately ¥1.22 billion, a decrease of 4.7% from ¥1.28 billion at the end of 2018[17]. - The company's net assets attributable to shareholders at the end of 2019 were approximately ¥1.01 billion, an increase of 3.14% from ¥975.37 million at the end of 2018[17]. - The weighted average return on equity for 2019 was 3.16%, down from 6.17% in 2018, a decrease of 3.01 percentage points[16]. - The company reported a net profit after deducting non-recurring gains and losses of ¥30.89 million[31]. - The net profit for the year was ¥56,030,673.24, representing a decline of 48.41% year-on-year, primarily due to lower methanol prices[42]. Production and Sales - The methanol production capacity of the company is 200,000 tons per year, accounting for approximately 0.23% of the national capacity[27]. - The company produced 218,700 tons of methanol during the reporting period[30]. - The production volume of methanol was 218,737 tons, with a year-on-year increase of 0.57%, while sales volume was 218,543.26 tons, reflecting a 0.62% increase[35]. - The company’s methanol sales revenue was ¥400,762,277.56, a decrease of 22.69% compared to the previous year, with a gross margin of 4.81%[57]. - The revenue from the chemical industry was ¥400,762,277.56, down 22.69% year-on-year, with a gross margin of 4.81%, which decreased by 11.48 percentage points[36]. Market Conditions - The domestic methanol market price fluctuated at low levels throughout 2019, influenced by increased supply and weak demand[30]. - The average operating rate of domestic methanol production reached 67.7% in 2019, the highest in recent years[25]. - The domestic methanol market capacity increased by 5.8% in 2019, reaching approximately 90 million tons, with an average operating rate of 67.7%[64]. - The domestic methanol market experienced price fluctuations due to various factors, including international crude oil prices and seasonal maintenance of production facilities[58]. Expenses and Costs - The company’s sales expenses decreased by 47.34% to ¥3.39 million, while management expenses increased by 20.82% to ¥24.77 million[33]. - The total cost of the chemical industry was ¥335,997,654.79, which is a decrease of 3.04% compared to the previous year[39]. - The gross margin for methanol production decreased by 11.48 percentage points, indicating a challenging pricing environment[36]. Cash Flow and Investments - The company’s investment activities resulted in a net cash outflow of ¥29,291,049.64, a significant decrease compared to the previous year's inflow of ¥290,191,184.10[44]. - The company reported a significant reduction in tax payable by 87.48%, down to ¥2,247,030.43 from ¥17,949,031.40, mainly due to tax payments made by subsidiary Jin Niu Xuyang[45]. - The company’s cash flow from operating activities was ¥147,185,894.16, down 32.03% from ¥216,540,811.55 in the previous year[44]. Shareholder and Governance - The company has not proposed any cash dividend distribution for the past three years, with retained earnings allocated for operational needs[69]. - The company guarantees the independence of its operations, including separate management and financial systems, to protect shareholder interests[72]. - The company has committed to independent decision-making in financial matters, ensuring no interference from controlling entities[72]. - The company has established a commitment to avoid any illegal appropriation of its assets and funds by controlling shareholders[74]. Environmental and Regulatory Compliance - The company has established a complete environmental protection system, with online monitoring devices installed at pollution discharge points[96]. - The company has implemented environmental protection measures, including a heavy pollution weather emergency operation plan, which was filed with the local environmental protection bureau in December 2019[93]. - The company has taken steps to ensure compliance with internal control standards, aiming to enhance operational efficiency and effectiveness[134]. Future Plans and Strategies - The company plans to produce and sell 180,000 tons of methanol in 2020, aiming for revenue of 350 million[66]. - The company aims to enhance its product offerings and explore potential mergers and acquisitions in the upcoming fiscal year[196]. - The company plans to continue expanding its market presence and investing in new technologies[196].