2019 年第一季度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2019 年第一季度报告 1 / 27 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 27 2019 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 公司负责人夏令和、主管会计工作负责人赵玮及会计机构负责人（会计主管人员）封睿保证 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 - Revenue for 2018 was RMB 17,514,899,049.69, a decrease of 8.57% compared to 2017[16] - Net profit attributable to shareholders in 2018 was RMB 503,802,619.10, a decrease of 31.93% compared to 2017[16] - Net cash flow from operating activities in 2018 was RMB 2,425,016,629.86, a decrease of 54.72% compared to 2017[16] - Total assets at the end of 2018 were RMB 15,555,000,281.22, a decrease of 9.05% compared to the end of 2017[16] - The company's net profit attributable to the parent company in 2018 was negative RMB 247,114,403.59[4] - The company's revenue in 2017 was RMB 19,157,209,815.31, which decreased to RMB 17,514,899,049.69 in 2018[16] - The company's net profit attributable to shareholders in 2017 was RMB 740,090,178.63, which decreased to RMB 503,802,619.10 in 2018[16] - The company's net cash flow from operating activities in 2017 was RMB 5,355,363,209.88, which decreased to RMB 2,425,016,629.86 in 2018[16] - The company's total assets at the end of 2017 were RMB 17,102,447,652.37, which decreased to RMB 15,555,000,281.22 at the end of 2018[16] - Basic earnings per share decreased by 31.94% to 0.2455 yuan per share in 2018 compared to 0.3607 yuan per share in 2017[17] - Diluted earnings per share also decreased by 31.94% to 0.2455 yuan per share in 2018[17] - Weighted average return on equity (ROE) decreased by 3.80 percentage points to 6.90% in 2018[17] - Revenue for Q2 2018 was 5,559,598,528.37 yuan, the highest among all quarters[19] - Net profit attributable to shareholders in Q4 2018 was -294,447,093.90 yuan, a significant decline compared to other quarters[19] - Revenue for the reporting period was RMB 17.514 billion, a decrease of 8.57% year-on-year[30][31] - Net profit attributable to shareholders was RMB 504 million, a decrease of 31.93% year-on-year[30][31] - Operating cash flow decreased by 54.72% to RMB 2.425 billion[31] - Net cash flow from investment activities decreased by 233.55% to -399.78 million yuan in 2018[33] - Industrial sector revenue reached 8.35 billion yuan with a gross margin of 18.09%, a decrease of 0.17 percentage points[34] - Agricultural sector revenue increased by 4.38% to 75.56 million yuan with a gross margin of 24.81%, an increase of 3.15 percentage points[34] - Trade sector revenue decreased by 5.81% to 13.73 billion yuan with a gross margin of 7.03%, a decrease of 3.17 percentage points[34] - Domestic revenue accounted for 20.09 billion yuan, a decrease of 4.04%, with a gross margin of 11.12%, a decrease of 1.85 percentage points[35] - Sugar production volume was 99.43 million tons, while sales volume was 102.78 million tons[36] - Sales expenses increased by 12.28% to 623.29 million yuan due to rising transportation costs[43] - R&D expenses increased by 145.66% to 15.06 million yuan, accounting for 0.09% of total revenue[44] - Operating cash flow decreased by 54.72% to 242,501.66 million yuan, primarily due to reduced sales revenue[46] - Investment cash flow decreased by 233.55% to -39,978.27 million yuan, mainly due to increased rolling expenditure of wealth management funds[46] - Financing cash flow decreased by 84,492.01 million yuan to -340,878.07 million yuan, primarily due to debt repayment[46] - Monetary funds decreased by 33.59% to 259,772.45 million yuan, accounting for 16.70% of total assets[47] - Prepayments increased by 714.91% to 124,036.97 million yuan, mainly due to increased prepayments for sugar procurement[47] - Short-term borrowings decreased by 52.51% to 293,600.89 million yuan, primarily due to repayment of bank loans[48] - Total revenue for 2018 was 17.515 billion yuan, with domestic and international sugar trade and processing sales accounting for 87.93% of the revenue[164] - Total assets decreased from 17,102,447,652.37 to 15,555,000,281.22, a decline of approximately 9.05%[174] - Current liabilities decreased from 8,561,588,366.82 to 7,714,789,688.75, a reduction of about 9.89%[174] - Short-term borrowings decreased significantly from 6,181,725,043.81 to 2,936,008,929.58, a drop of 52.5%[174] - Accounts receivable increased from 866,628,518.28 to 1,090,326,776.43, a rise of 25.81%[173] - Inventory decreased from 4,247,947,941.91 to 3,426,807,667.00, a reduction of 19.33%[173] - Total equity increased from 7,308,862,766.24 to 7,542,708,745.76, a growth of 3.2%[175] - Retained earnings increased from 620,033,546.36 to 762,990,780.55, a rise of 23.06%[175] - Fixed assets decreased slightly from 4,252,611,928.68 to 4,117,692,814.84, a decline of 3.17%[173] - Prepayments increased significantly from 152,210,201.86 to 1,240,369,714.60, a surge of 715.03%[173] - Long-term equity investments decreased from 513,549,476.45 to 342,781,574.45, a drop of 33.25%[173] - Total revenue for the year was RMB 17.51 billion, a decrease from RMB 19.16 billion in the previous year[178] - Net profit for the year was RMB 556.71 million, down from RMB 754.00 million in the previous year[178] - Total assets decreased to RMB 11.94 billion from RMB 14.84 billion in the previous year[177] - Total liabilities decreased to RMB 4.47 billion from RMB 6.81 billion in the previous year[177] - Cash and cash equivalents decreased to RMB 1.99 billion from RMB 3.16 billion in the previous year[176] - Accounts receivable increased to RMB 104.20 million from RMB 102.49 million in the previous year[176] - Inventory decreased to RMB 633.63 million from RMB 644.68 million in the previous year[176] - Research and development expenses increased to RMB 15.06 million from RMB 6.13 million in the previous year[178] - Operating profit was RMB 838.92 million, down from RMB 1.00 billion in the previous year[178] - Total equity decreased to RMB 7.47 billion from RMB 8.04 billion in the previous year[177] - Revenue for 2018 increased to 1,853,382,820.06 RMB, up from 1,490,097,082.60 RMB in the previous year[180] - Net profit attributable to parent company shareholders was 503,802,619.10 RMB, compared to 740,090,178.63 RMB in the previous year[179] - Operating costs for 2018 were 1,596,245,902.85 RMB, up from 1,205,525,547.54 RMB in the previous year[180] - R&D expenses significantly increased to 5,725,685.97 RMB from 266,658.14 RMB in the previous year[181] - Net profit for 2018 was -247,114,403.59 RMB, a significant decline from 189,990,744.60 RMB in the previous year[181] - Basic earnings per share (EPS) for 2018 were 0.2455 RMB, down from 0.3607 RMB in the previous year[179] - Total comprehensive income for 2018 was -235,230,737.09 RMB, compared to 264,154,226.42 RMB in the previous year[181] - Interest expenses for 2018 were 213,569,958.32 RMB, down from 374,889,310.51 RMB in the previous year[181] - Asset impairment losses increased to 443,892,878.22 RMB from 360,784,482.54 RMB in the previous year[181] - Investment income for 2018 was 145,544,335.97 RMB, down from 541,775,285.30 RMB in the previous year[181] - Sales revenue from goods and services received in cash was RMB 19.16 billion, a decrease from RMB 22.11 billion in the previous period[182] - Net cash flow from operating activities was RMB 2.43 billion, down from RMB 5.36 billion in the previous period[182] - Net cash flow from investing activities was negative RMB 399.78 million, compared to a positive RMB 299.35 million in the previous period[183] - Net cash flow from financing activities was negative RMB 3.41 billion, compared to negative RMB 2.56 billion in the previous period[183] - Total cash and cash equivalents at the end of the period were RMB 2.55 billion, down from RMB 3.91 billion at the beginning of the period[183] - Sales revenue from goods and services received in cash for another segment was RMB 2.18 billion, up from RMB 1.60 billion in the previous period[184] - Net cash flow from operating activities for another segment was RMB 1.12 billion, down from RMB 6.74 billion in the previous period[184] - Net cash flow from investing activities for another segment was RMB 747.28 million, compared to negative RMB 1.15 billion in the previous period[185] - Net cash flow from financing activities for another segment was negative RMB 3.03 billion, compared to negative RMB 3.02 billion in the previous period[185] - Total cash and cash equivalents at the end of the period for another segment were RMB 1.99 billion, down from RMB 3.15 billion at the beginning of the period[185] - Total owner's equity at the end of the period was RMB 7,542,708,745.76, an increase from the beginning of the period[188] - Comprehensive income for the period totaled RMB 564,204,300.99[187] - Owner's equity increased by RMB 233,845,979.52 during the period, driven by a rise in undistributed profits of RMB 142,957,234.19[187] - Capital reserve increased by RMB 6,857,676.59 during the period[187] - Minority shareholders' equity increased by RMB 86,635,899.71 during the period[187] - Total owner's equity at the beginning of the period was RMB 7,308,862,766.24[187] - Undistributed profits at the end of the period were RMB 762,990,780.55, up from RMB 620,033,546.36 at the beginning[188] - Other comprehensive income decreased by RMB 2,604,830.97 during the period[187] - Owner's equity adjustments due to profit distribution amounted to a decrease of RMB 349,019,944.23[187] - Other adjustments to owner's equity totaled RMB 6,822.76 during the period[188] - Total owner's equity at the end of the period was RMB 7,473,676,812.68, a decrease of RMB 564,223,260.68 compared to the beginning of the period[192] - Comprehensive income for the period was RMB -235,230,737.09, with a significant decrease in undistributed profits of RMB -348,818,946.35 due to profit distribution[192] - Capital reserve increased by RMB 20,209,689.53 during the period, primarily due to equity transactions[193] - Other comprehensive income improved by RMB 74,163,481.82, reversing the negative balance from the previous period[193] - Total owner's equity at the end of the previous period was RMB 8,020,280,057.56, with a slight increase to RMB 8,037,900,073.36 by the end of the current period[193] - The company's registered capital remained unchanged at RMB 2,051,876,155.00 throughout the period[192][193] - Undistributed profits decreased by RMB 95,752,230.01, mainly due to profit distribution and comprehensive income adjustments[193] Dividends and Capital Reserve - The company did not distribute dividends or convert capital reserve into share capital for 2018[4] - In 2018, the company did not distribute cash dividends or conduct capital reserve transfers, despite a net profit attributable to shareholders of RMB 503.8 million[62][63] - In 2017, the company distributed a cash dividend of RMB 1.70 per 10 shares, totaling RMB 348.8 million, which accounted for 47.13% of the net profit attributable to shareholders[63] Non-Recurring Gains and Losses - Non-recurring gains and losses in 2018 amounted to 119,269,815.97 yuan, primarily driven by non-current asset disposal gains of 149,774,595.25 yuan[20] - Government subsidies in 2018 totaled 21,992,708.79 yuan, an increase from 17,721,071.21 yuan in 2017[20] - The fair value of sugar futures forward contracts decreased by 97,402,917.66 yuan, impacting profits by -654,368.57 yuan[22] - The fair value of forward exchange contracts decreased by 4,674,499.57 yuan, impacting profits by -54,541,940.69 yuan[22] - Total fair value changes for financial assets and liabilities in 2018 resulted in a loss of 53,352,437.55 yuan[23] Business Operations and Strategy - COFCO Sugar is the largest sugar producer and trader in China, with a complete industrial layout both domestically and internationally, including sugar production, import, refining, sales, and logistics[24] - The company operates advanced processing plants in major sugar-producing regions such as Guangxi, Guangdong, Yunnan, and Xinjiang, continuously improving product quality to meet growing domestic demand[24] - COFCO Sugar has a refining capacity of 50,000 tons/year in Caofeidian, Hebei, and 100,000 tons/year in Yingkou, Liaoning, making it a key player in port refining[24] - The company owns Tully Sugar in Australia, which produces 300,000 tons of sugar annually[24] - COFCO Tomato, a subsidiary, is the largest tomato processing company in China and the second largest globally, producing approximately 250,000 tons of bulk tomato paste annually, accounting for over 30% of China's total production[24] - The company manages sugar storage facilities with a capacity of approximately 2 million tons, with logistics networks covering major domestic sales regions[27] - COFCO Sugar has an annual sugar production capacity of over 600,000 tons domestically and 350,000 tons internationally, along with a refining capacity of 1.5 million tons/year at domestic ports[27] - Domestic sugar production capacity and product quality continued to improve, with significant cost reduction and efficiency enhancement[29] - Tully Sugar crushed 2.58 million tons of sugarcane, achieving a record high in sugar production[29] - The company reduced financial expenses by RMB 143 million due to a significant decrease in borrowing[30] - Investment losses from Tunhe Cement amounted to RMB 171 million[30] - Disposal gains from asset optimization efforts reached RMB 145 million[30] - The company strengthened its position in the sugar refining industry by increasing its stake in Liaoning Sugar and introducing advanced quality control systems from Mitsui Sugar[29] - The company aims to establish a global stable trade network and domestic leadership in the sugar business, while focusing on upstream and downstream development in the tomato business to enhance market share[57][58] - The company will focus on enhancing global sugar trade capabilities and domestic market distribution, leveraging its regional advantages and brand-building strategies to improve product quality and premium pricing[59] - The company plans to optimize sugar refining management and expand overseas sugar production capacity, particularly in key regions like Guangxi[59] - The company aims to strengthen its tomato business by improving operational efficiency and competitiveness to meet high-end market demands domestically and internationally[59] - The company faces risks from sugar price fluctuations, which are influenced by both international and domestic market conditions[60] - Exchange rate risks are a concern due to the company's international sugar and tomato trades being settled primarily in USD[60] - The company is exposed to raw material supply risks, as natural disasters or climate changes could impact the production of key crops like sugar beets, sugarcane, and tomatoes[60] Subsidiaries and Equity Transactions - Overseas assets amount to 1,498,429,350 RMB, accounting for 9.63% of total assets[25] - The company acquired 19% equity of Liaoning Sugar Co., Ltd. for 109.098 million yuan, maintaining a 70% controlling stake[50] - The company transferred 66.67% equity of COFCO Tomato Co., Ltd. for a total of 464.367 million yuan, but later canceled the transaction and restored the original state[51] - The company completed the transfer of 100% equity of Langfang Tomato to Beijing Liandong Jintai Investment Co., Ltd. for RMB 163.14 million[52] - The company transferred 100% equity of Shuozhou Sugar to individual Bo Shanzhen for RMB 66.674 million[52] - The company transferred 100% equity

2018 年第三季度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2018 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 11 | 2018 年第三季度报告 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 公司负责人夏令和、主管会计工作负责人赵玮及会计机构负责人（会计主管人员）封睿保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 22 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 15,793,034,142.62 17,102,447,652.37 -7.66 归属于上市公司股东的净 资产 ...

2018 年半年度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2018 年半年度报告 1 / 146 2018 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期公司不进行利润分配和公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的风险，敬请查阅第四节经营情况讨论与分析中其他披 露事项可能面对的风险部分的内容。 十、 其他 □适用 √不适用 2 / 146 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人夏令和、主管会计工作负责人赵玮及会计机构负责人（会计主管人员 ...

2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2018 年第一季度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2018 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 11 | 非经常性损益项目和金额 √适用 □不适用 4 / 21 2.1 主要财务数据 单位：元 币种：人民币 项目 本期金额 说明 非流动资产处置损益 2,616,587.55 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 2,464,949.44 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 委托他人投资或管理资产的损益 因不可抗力因素，如遭受自然灾害而计提的各项资产减值 准备 债务重组损益 企业重组费用，如 ...

2017 年年度报告 1 / 182 2017 年年度报告 重要提示 2017 年年度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 三、 天职国际会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人夏令和、主管会计工作负责人赵玮及会计机构负责人（会计主管人员）封睿声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2017年度公司利润分配预案为：以2017年12月31日总股本2,051,876,155股为基数，向全体股 东每10股派发现金红利1.70元（含税），共派发现金红利348,818,946.35元。本年度公司不进行 公积金转增股本。本分配预案尚需经公司2017年度股东大会审议批准后实施。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本 ...

2017 年第三季度报告 公司代码：600737 公司简称：中粮糖业 1.2 公司全体董事出席董事会审议季度报告。 中粮屯河糖业股份有限公司 2017 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 2017 年第三季度报告 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。 1.3 公司负责人夏令和、主管会计工作负责人赵玮及会计机构负责人（会计主管人员）封睿保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 22 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上 年度末增减(%) 总资产 19,149,678,678.08 18,980,730,512.10 0.89 归属于上市公司股东的 净资产 ...

公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2017 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期公司不进行利润分配和公积金转增股本。 六、 前瞻性陈述的风险声明 2017 年半年度报告 九、 重大风险提示 公司已在本报告中详细描述可能存在的风险，敬请查阅第四节经营情况讨论与分析中其他披 露事项可能面对的风险部分的内容。 十、 其他 □适用 √不适用 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 151 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人夏令和 、主管会计工作负责人赵玮及会计机构负责人（会计主管人员）封睿声 明：保证半年度报告中财务报告 ...

2017 年第一季度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2017 年第一季度报告 1 / 20 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | --- | --- | --- | --- | --- | --- | | | | | 减(%) | | | | 总资产 | 23,455,037,771.87 | 18,980,730,512.10 | | | 23.57 | | 归属于上市公司 | 6,859,882,683.81 | 6,651,229,791.57 | | | 3.14 | | 股东的净资产 | | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | | 经营活动产生的 | -2,56 ...

2016 年年度报告 公司代码：600737 公司简称：中粮糖业 中粮屯河糖业股份有限公司 2016 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 李风春 | 因公出差 | 夏令和 | | 独立董事 | 李宝江 | 因公出差 | 顾玉荣 | 三、 天职国际会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人夏令和、主管会计工作负责人赵玮 及会计机构负责人（会计主管人员）封睿声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2016年度公司利润分配预案为：以2016年12月31日总股本2,051,876,155股为基数，向全体股 东每10股派发现金股利1.30元（含税），共派发现金股利266,743,900.15 ...