Financial Performance - The company's operating revenue for Q3 2022 was ¥702,714,224.05, a decrease of 16.96% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was -¥109,959,667.05, representing a decline of 563.97% year-on-year[4]. - The basic earnings per share for Q3 2022 was -¥0.24, a decrease of 563.97% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2022 was CNY 1,895,464,310.51, a decrease of 18.4% compared to CNY 2,322,505,013.03 in the same period of 2021[15]. - Net profit for Q3 2022 was a loss of CNY 276,206,546.25, compared to a profit of CNY 226,310,535.59 in Q3 2021, indicating a significant decline in profitability[17]. - Total comprehensive income for Q3 2022 was -CNY 344,337,138.00, compared to CNY 170,173,701.59 in Q3 2021, reflecting a substantial decrease[17]. - The company’s basic and diluted earnings per share for Q3 2022 were both -CNY 0.43, down from CNY 0.52 in Q3 2021[17]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥4,431,242,737.96, down 4.63% from the end of the previous year[5]. - Current assets as of September 30, 2022, totaled CNY 775,135,458.57, down from CNY 895,657,549.46 at the end of 2021, representing a decline of 13.4%[12]. - Non-current assets decreased to CNY 3,656,107,279.39 from CNY 3,750,697,691.54, a reduction of 2.5%[12]. - Total liabilities increased to CNY 2,759,802,635.07 from CNY 2,572,101,006.04, an increase of 7.3%[13]. - The company's retained earnings decreased to CNY 590,216,601.91 from CNY 828,901,197.14, a drop of 28.8%[13]. - The company reported a total equity of CNY 1,671,440,102.89, down from CNY 2,074,254,234.96, a decrease of 19.5%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥137,784,349.94, a decrease of 150.86% year-on-year[4]. - The company reported a net cash flow from operating activities of -CNY 137,784,349.94 for the first three quarters of 2022, down from CNY 270,904,160.56 in the same period of 2021[19]. - Investment activities resulted in a net cash outflow of -CNY 48,797,094.79 for the first three quarters of 2022, compared to -CNY 290,917,006.31 in the same period of 2021[19]. - Financing activities generated a net cash inflow of CNY 113,867,576.98 in the first three quarters of 2022, contrasting with a net outflow of -CNY 184,339,409.11 in the same period of 2021[19]. - Cash and cash equivalents at the end of Q3 2022 were CNY 174,022,469.15, down from CNY 250,304,417.10 at the end of Q3 2021[19]. - The company's cash and cash equivalents were CNY 188,516,373.11, a decrease of 28% from CNY 261,442,562.60 at the end of 2021[12]. Expenses - Total operating costs for Q3 2022 were CNY 2,227,413,605.86, an increase from CNY 2,073,795,674.14 in Q3 2021, representing an increase of approximately 7.4%[16]. - Research and development expenses for Q3 2022 amounted to CNY 41,786,983.67, indicating ongoing investment in innovation[16]. - The company experienced a significant increase in management expenses, which rose to CNY 192,662,021.12 in Q3 2022 from CNY 125,707,866.16 in Q3 2021, marking an increase of approximately 53.2%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,413[10]. - Shareholders' equity attributable to the parent company decreased to ¥1,617,488,907.23, a decline of 16.19% compared to the end of the previous year[5]. - The weighted average return on equity was -5.84%, a decrease of 7.12 percentage points year-on-year[4]. - Non-recurring gains and losses for Q3 2022 totaled ¥3,354,210.96, with government subsidies included[6].

Financial Performance - Basic earnings per share for the first half of 2022 was -0.19 RMB, a decrease of 141.27% compared to 0.47 RMB in the same period last year[21] - Diluted earnings per share for the first half of 2022 was -0.19 RMB, reflecting a 141.27% decline from 0.47 RMB year-on-year[21] - The weighted average return on equity for the first half of 2022 was -4.70%, down 16.65 percentage points from 11.95% in the previous year[21] - The company reported a basic earnings per share excluding non-recurring gains and losses of -0.21 RMB, a decrease of 146.82% from 0.44 RMB in the same period last year[21] - The weighted average return on equity excluding non-recurring gains and losses was -5.07%, a decline of 16.44 percentage points from 11.37% year-on-year[21] - The company's operating revenue for the first half of 2022 was CNY 1,192,750,086.46, a decrease of 19.21% compared to the same period last year[28] - The net profit attributable to shareholders was a loss of CNY 88,421,963.28, representing a decline of 141.27% year-on-year[28] - The net cash flow from operating activities was negative CNY 170,447,046.27, a decrease of 255.45% compared to the previous year[28] - Revenue decreased by 19.21%, primarily due to a 12.93% decline in cement sales volume and a 9.23% drop in average selling price[31] - The company reported a significant decline in performance, with major subsidiaries experiencing losses due to decreased cement sales and prices, resulting in reduced revenue across the board[42] Operational Challenges - The company faced significant challenges due to high coal prices, ongoing pandemic controls, and weakened market demand[28] - Operating costs increased by 6.78%, mainly due to a significant rise in coal procurement prices compared to the same period last year[31] - Sales expenses rose by 33.79%, attributed to increased transportation and storage costs from higher sales volume to other provinces[31] - Management expenses surged by 56.90%, driven by increases in employee compensation, repair costs, and other operational expenses[31] - The average selling price of cement decreased by 9.23% year-on-year due to reduced market demand[28] Environmental Compliance - The company reported that all seven clinker production lines and fifteen cement grinding lines are equipped with complete dust collection facilities, achieving a 100% operational rate[56] - The company maintained pollutant emissions below national and local standards, with sulfur dioxide emissions at 22.4 mg/m³ against a standard of 100 mg/m³ for Fujian Ansha Jianfu Cement Co., Ltd.[54] - The company implemented a wastewater treatment system that recycles production wastewater, achieving compliance with the first-level standards of the Comprehensive Wastewater Discharge Standards[57] - The company has established an emergency response mechanism for environmental pollution incidents, conducting annual drills to ensure effective response[60] - The company is actively pursuing green development initiatives, including the "Garden Factory" project, which has shown significant environmental improvements in pilot factories[65] Financial Position - The company's total assets at the end of the reporting period were CNY 4,575,329,992.99, a decrease of 1.53% from the end of the previous year[28] - The company's net assets attributable to shareholders were CNY 1,854,515,021.44, down 3.91% from the previous year-end[28] - Total assets decreased from CNY 4,646,355,241.00 to CNY 4,575,329,992.99, a decline of approximately 1.5%[99] - Owner's equity decreased from CNY 2,074,254,234.96 to CNY 1,940,076,271.58, a decline of about 6.5%[99] - The company reported a total of 48,577,053.68 RMB in other receivables, up from 29,346,579.20 RMB, indicating a significant increase[97] Strategic Initiatives - The company implemented strategies to improve efficiency and reduce losses amid adverse market conditions[28] - The company plans to accelerate the production capacity of the Ansha Phase II project to improve the proportion of high-quality capacity[45] - The company aims to strengthen its market position in Fujian while exploring opportunities in external markets to stabilize pricing strategies[45] - The company is committed to enhancing its market prediction capabilities and optimizing procurement strategies to mitigate risks associated with rising coal prices[46] Management and Governance - The company appointed new directors and management personnel, including Hu Wanzheng as General Manager and Xie Zenghua as CFO[51] - The company has not disclosed any significant litigation or arbitration matters during the reporting period[70] - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[52] Related Party Transactions - The total amount of related party transactions reached 118,840.06 million RMB, with a net increase of 2,258.17 million RMB during the reporting period[74] - The company reported a total cash outflow of 268,502,330.43 RMB from financing activities, compared to 803,443,634.05 RMB in the previous year, indicating a reduction of approximately 66.6%[114] - The company’s related party loans included a total of 44,609.85 million RMB from the actual controller's financial company[79] Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that financial statements accurately reflect its financial position and operating results[128] - The company uses Renminbi as its functional currency for accounting purposes[131] - The company classifies financial assets into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[146] Risk Management - The company has detailed the potential risks it may face in the management discussion and analysis section of the report[7] - The company faces risks from overcapacity and intensified competition, which may lead to further declines in cement prices and overall performance[45] - Energy costs, which account for over 50% of production costs, have risen significantly, impacting profitability as the company struggles to pass these costs onto product prices[45][46]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 514,240,490.31, representing a decrease of 16.82% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 48,593,850.87, a decline of 219.16% year-on-year[4] - The basic and diluted earnings per share were both CNY -0.11, reflecting a decrease of 219.16% compared to the previous year[4] - The net cash flow from operating activities was CNY -188,065,065.13, a significant decline of 802.63% year-on-year[4] - Net profit for Q1 2022 was a loss of ¥67,379,680.76, compared to a profit of ¥32,183,346.53 in Q1 2021, representing a significant decline[15] - The net cash flow from operating activities was negative at -¥188,065,065.13, compared to a positive cash flow of ¥26,765,700.47 in the same period last year[17] - The company reported a basic and diluted earnings per share of -¥0.11 for Q1 2022, compared to ¥0.09 in Q1 2021[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,611,850,143.28, down 0.74% from the end of the previous year[5] - Current assets totaled CNY 839,406,414.65, down from CNY 895,657,549.46 at the end of 2021, indicating a decrease of approximately 6.4%[11] - Cash and cash equivalents decreased to CNY 149,404,064.93 from CNY 261,442,562.60, representing a decline of about 42.8%[10] - Inventory increased to CNY 356,536,132.78 from CNY 302,701,960.69, reflecting a growth of approximately 17.7%[11] - Total liabilities were CNY 2,590,516,978.75, slightly up from CNY 2,572,101,006.04, indicating a marginal increase of about 0.7%[12] - Short-term borrowings rose to CNY 996,804,805.55 from CNY 865,868,075.68, marking an increase of approximately 15.1%[11] - Non-current assets totaled CNY 3,772,443,728.63, a slight increase from CNY 3,750,697,691.54, showing a growth of about 0.6%[11] - The company's equity decreased to CNY 2,021,333,164.53 from CNY 2,074,254,234.96, reflecting a decline of approximately 2.6%[12] - The total current liabilities decreased to CNY 1,957,435,682.77 from CNY 2,044,230,360.59, indicating a reduction of about 4.2%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,331[9] Income and Expenses - The company reported non-operating income of CNY 7,742,582.75 after accounting for tax impacts and minority interests[6] - Total operating costs increased slightly to ¥591,328,396.28 from ¥590,975,484.22, with operating costs at ¥495,119,271.75, down from ¥518,724,665.21[14] - The company incurred sales expenses of ¥14,155,283.09, an increase from ¥10,590,951.10 in the previous year[14] - The company’s investment income for Q1 2022 was ¥8,104,088.50, compared to a loss of ¥68,152.55 in Q1 2021[14] - Other comprehensive income after tax for Q1 2022 was ¥31,312,710.00, down from ¥73,920,424.50 in Q1 2021[15] Cash Flow Activities - The company’s financing activities generated a net cash flow of ¥32,284,290.01 in Q1 2022, compared to a negative cash flow of -¥123,032,079.98 in Q1 2021[18] Market Conditions - The significant decline in net profit was primarily due to a sharp increase in coal prices and a decrease in sales volume compared to the same period last year[6]

Financial Performance - The company's operating revenue for 2021 was CNY 3,616,507,449.75, representing a 22.16% increase compared to CNY 2,960,467,154.23 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 398,522,871.49, a 43.43% increase from CNY 277,860,027.66 in 2020[21] - The net cash flow from operating activities for 2021 was CNY 461,729,088.09, which is a 13.98% increase compared to CNY 405,097,563.21 in 2020[21] - The total assets at the end of 2021 were CNY 4,646,355,241.00, reflecting a 3.04% increase from CNY 4,509,478,545.75 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were CNY 1,930,058,942.08, a 16.17% increase from CNY 1,661,418,539.68 at the end of 2020[21] - The basic earnings per share for 2021 was CNY 0.870, which is a 43.43% increase from CNY 0.606 in 2020[22] - The weighted average return on equity for 2021 was 21.93%, an increase of 2.80 percentage points from 19.13% in 2020[22] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 384,028,249.76, a 32.73% increase from CNY 289,337,125.01 in 2020[21] Market and Production - The average ex-factory price of cement increased by 6.0% year-on-year, despite a decline in total cement production to 2.38 billion tons, down 0.4% from the previous year[31] - The company achieved a record high in cement production and sales scale, contributing to steady growth in operating performance[32] - The company achieved a production of 8.63 million tons of clinker and 10.82 million tons of cement, representing year-on-year increases of 19.10% and 6.26% respectively[41] - The total sales volume of cement and clinker reached 10.79 million tons, an increase of 6.76% compared to the previous year[41] - The average selling price of products increased by 14.32% year-on-year, reaching 332.04 RMB per ton[41] - The company maintained a market share of 10.4% in the Fujian Province, while achieving breakthroughs in external markets with a total sales volume of 1.61 million tons[38] Costs and Expenses - The company reported a significant increase in energy costs, with energy expenses rising by 69.94% to CNY 1.56 billion, now accounting for 55.87% of total costs[51] - The cement manufacturing segment generated revenue of approximately CNY 3.58 billion, with a year-over-year decrease in gross margin by 2.05 percentage points to 21.81%[48] - The total sales expenses increased by 10.61% to CNY 36.61 million, while management expenses rose by 15.53% to CNY 199.94 million[55] - The cost of raw materials for cement production decreased by 22.63% to CNY 734.54 million, primarily due to reduced clinker purchases[51] Strategic Initiatives - The company is focusing on expanding its market presence outside the province while consolidating its domestic market position[32] - The company plans to continue enhancing its production capacity through ongoing projects and technological upgrades[32] - The company is committed to maintaining a leading position in the regional market through innovation and cost management strategies[32] - The company is focused on energy conservation and emission reduction, aiming for over 30% of its capacity to meet benchmark levels by 2025[36] - The company plans to maintain a market share of 85.41% in Fujian province, focusing on stabilizing market confidence and promoting orderly supply-demand adjustments[82] Environmental and Sustainability Efforts - The company has implemented strict environmental management, ensuring that all emissions indicators are below permitted values for the year 2021[127] - The company operates 7 clinker production lines and 15 cement grinding lines, all equipped with complete dust collection facilities, achieving a 100% operational rate[130] - The company has invested in pollution control facilities, with a running rate of over 99.5% for all environmental protection equipment[130] - The company has achieved a dust removal efficiency of over 99.8% at various material transfer points and storage facilities[130] - The company is committed to green development, with subsidiaries recognized as provincial-level green factories and ongoing efforts in ecological restoration and green mine construction[138] Governance and Management - Chairman Wang Jinxing received a pre-tax compensation of 57.38 million yuan for the reporting period[91] - Total compensation for all listed executives amounted to 551.09 million yuan, with a total of 11,160 shares held by departing executives[91] - The company has maintained a stable executive team with no significant changes in shareholding among current executives[91] - The company has implemented a compensation policy that combines incentives and constraints, linking salary levels to overall business performance and individual contributions[114] - The company has established a performance evaluation mechanism for senior management, ensuring accountability and assessment of responsibilities[120] Future Outlook - In 2022, the company anticipates a challenging environment for the cement industry, with demand expected to decline due to various pressures including environmental regulations and high costs[73] - The company aims to achieve production standards for the Shunchang Lianshi project and accelerate the assessment of the Ansha Phase II project[74] - The company plans to implement cost-cutting measures to improve operating margins by 5% in the upcoming year[96] - The company aims to reduce carbon emissions by 15% over the next three years as part of its sustainability strategy[96] Related Party Transactions - The company engaged in significant related party transactions, including sales of products totaling RMB 9.46 billion (approximately $1.5 billion) to Huaren Cement (Lianjiang) Co., Ltd.[152] - The company has a total of RMB 32.95 million (approximately $5.1 million) in related party transactions for rental and utility services with various entities controlled by its actual controller[153] - The company has reported a total of RMB 10.44 million (approximately $1.6 million) in water and electricity fees paid to Fujian Energy Group Co., Ltd.[153] Audit and Compliance - The company’s financial statements were audited and deemed to fairly reflect its financial position and operating results for the year ended December 31, 2021[184] - The audit report indicates that the auditors have no significant issues to report regarding the financial statements or other information[190] - The company has implemented necessary internal controls to maintain the integrity of financial reporting[191]

Financial Performance - The company's operating revenue for Q3 2021 was ¥846,194,320.23, representing a year-on-year increase of 9.87%[4] - The net profit attributable to shareholders for Q3 2021 was ¥23,699,764.01, up 37.16% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was ¥0.05, reflecting a 37.16% increase year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,322,505,013.03, an increase of 13.6% compared to ¥2,043,410,351.69 in the same period of 2020[17] - Operating profit for the first three quarters of 2021 was ¥290,878,692.33, a decrease of 11% from ¥326,728,087.92 in the same period of 2020[17] - Net profit for the first three quarters of 2021 was ¥291,450,172.57, down from ¥321,221,100.63 in the previous year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥21,891,575.85, an increase of 18.99% year-on-year[4] - The company reported a total comprehensive income of CNY 170.17 million in Q3 2021, compared to CNY 155.98 million in Q3 2020, an increase of about 9%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,584,449,070.04, an increase of 1.66% from the end of the previous year[5] - Current assets totaled ¥828,979,768.30 as of September 30, 2021, compared to ¥787,625,082.77 at the end of 2020, reflecting a growth of 5.1%[13] - Total assets amounted to ¥4,584,449,070.04 as of September 30, 2021, compared to ¥4,509,478,545.75 at the end of 2020, marking an increase of 1.7%[14] - Total liabilities decreased to ¥2,682,452,063.96 from ¥2,719,369,514.77, indicating a reduction of 1.4%[14] - Current liabilities reached CNY 2.51 billion, while total liabilities were approximately CNY 2.72 billion[25] - The company's equity totaled CNY 1.79 billion, with the equity attributable to shareholders amounting to CNY 1.66 billion[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥270,904,160.56, a decrease of 4.95% compared to the previous year[4] - Operating cash flow for the first three quarters of 2021 was CNY 270.90 million, slightly down from CNY 285.03 million in the same period of 2020, indicating a decrease of approximately 5%[20] - The net cash outflow from investing activities for the first three quarters of 2021 was CNY 290.92 million, an improvement from a net outflow of CNY 323.48 million in the same period of 2020[21] - The company’s financing activities resulted in a net cash outflow of CNY 184.34 million in the first three quarters of 2021, compared to a net outflow of CNY 73.24 million in the same period of 2020, indicating a worsening of cash flow from financing[21] Production and Costs - The average cost per ton of cement increased by ¥20.9 compared to the same period last year due to a significant rise in coal prices[10] - The average selling price of cement (excluding tax) increased by ¥11.40 per ton year-on-year during the first nine months of 2021[10] - The company's clinker and cement production completed 95.26% and 92.21% of the budget targets for the first nine months, respectively, with year-on-year increases of 22.43% and 7.15%[10] - Total operating costs for the first three quarters of 2021 were ¥2,073,795,674.14, up 18.4% from ¥1,750,965,761.63 in the previous year[17] Inventory and Investments - Inventory increased to ¥284,758,749.89 as of September 30, 2021, from ¥178,146,631.19 at the end of 2020, representing a significant rise of 59.7%[13] - Long-term investments remained stable at ¥10,200,000.00, unchanged from the previous year[13] - Long-term equity investments were reported at CNY 10.2 million, and other equity instrument investments at CNY 678.55 million[24] Shareholder Information - The weighted average return on equity was 1.28%, a decrease of 1.95 percentage points year-on-year[4] - Basic and diluted earnings per share for Q3 2021 were CNY 0.52, up from CNY 0.48 in Q3 2020, reflecting an increase of approximately 8.3%[18] - The company's retained earnings stood at CNY 467.03 million[25]

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 1,476,310,692.80, representing a 15.95% increase compared to CNY 1,273,223,012.18 in the same period last year[17]. - Net profit attributable to shareholders was CNY 214,240,501.39, up 6.58% from CNY 201,007,600.62 in the previous year[17]. - The net cash flow from operating activities increased by 23.82%, amounting to CNY 109,645,988.36 compared to CNY 88,550,793.14 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were CNY 0.468, a 6.58% increase from CNY 0.439 in the same period last year[18]. - The comprehensive income totalled CNY 212,334,982.84, significantly higher than CNY 125,630,784.65 in the first half of 2020, marking a year-on-year increase of 69%[105]. - The company's operating profit reached CNY 170,385,725.98, a substantial increase from CNY 61,193,077.43 in the first half of 2020, reflecting a growth of 178%[105]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 4,699,319,785.95, reflecting a 4.21% increase from CNY 4,509,478,545.75 at the end of the previous year[17]. - The total liabilities were CNY 2,721,546,081.51, slightly up from CNY 2,719,369,514.77, showing a marginal increase of 0.08%[96]. - The company's total assets decreased by 3.12% to CNY 4.69 billion, primarily due to net cash outflows from project construction[33]. - The total amount of guarantees provided by the company, including those to subsidiaries, amounted to CNY 225.03 million, representing 12% of the company's net assets[78]. Cash Flow - The cash flow from operating activities was CNY 1,321,454,481.90, slightly down from CNY 1,327,597,918.82 in the first half of 2020[107]. - The net cash flow from investment activities was -¥188,382,192.54, showing an improvement from -¥216,681,655.88 year-over-year[108]. - The net cash flow from financing activities was -¥6,353,634.05, compared to a positive cash flow of ¥20,627,882.13 in the first half of 2020[108]. Market Position and Operations - The company's cement production and sales volumes increased by 19.90% and 16.24% respectively, achieving 94.24% and 94.06% of the budgeted targets[27]. - The company maintained a strong market position with its two well-known brands, "Jianfu" and "Lianshi," which are recognized in the Fujian market[25]. - The company is actively pursuing new projects, including the Ansha second line project, which is progressing as planned[27]. Environmental Management - The company has achieved a 100% operational rate for dust collection facilities across all production lines, with a ≥99.5% operational rate for environmental protection equipment[53]. - The company is committed to conducting long-term research on carbon emissions solutions to promote low-carbon and green development[44]. - The company invested over 8.3 million yuan in environmental technology upgrades during the reporting period, implementing new processes and equipment to improve energy efficiency and reduce emissions[61]. Related Party Transactions - The total amount of related party transactions reached RMB 6,259,056.39[67]. - The company provided loans totaling RMB 130,000,000.00 to its controlling shareholder at an interest rate range of 3.85%-4.35%[73]. - The company’s financial dealings with related parties reflect a strong reliance on its controlling shareholder and subsidiaries[70]. Shareholder Information - The company has a total of 54,654 ordinary shareholders as of the end of the reporting period[84]. - The largest shareholder, Fujian Building Materials (Holding) Co., Ltd., holds 131,895,707 shares, accounting for 28.78% of the total shares[86]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[126]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position and operating results[127]. - The company recognizes financial assets based on the business model and cash flow characteristics, classifying them into three categories[145].

证券代码：600802 证券简称：福建水泥 编号：临 2021-020 3、召开方式：网络远程互动方式 福建水泥股份有限公司关于召开 2020 年度业绩及现金分红 说明会暨参加 2021 年度福建上市公司投资者 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 \n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： | | | ●召开时间： 2021 年 5 月 14 日（星期五） | 15:30-17:00 | | ●召开网址：全景网投资者关系互动平台 （ | http://ir.p5w.ne ...

Financial Performance - Net profit attributable to shareholders decreased by 45.73% to CNY 40,778,830.06 year-on-year[6] - Operating revenue rose by 43.15% to CNY 618,244,480.84 compared to the same period last year[6] - Total profit decreased by 64.85% year-on-year to CNY 37.49 million, mainly due to falling cement sales prices and rising raw material costs[19] - The net profit attributable to shareholders of the parent company was ¥40,778,830.06, down 45.5% from ¥75,134,701.00 in Q1 2020[35] - Net profit for Q1 2021 was ¥32,183,346.53, a decrease of 60.9% from ¥82,409,100.75 in Q1 2020[34] - The company's net profit for Q1 2021 reached CNY 145,046,010.59, a significant increase compared to CNY 12,217,994.15 in Q1 2020, reflecting a growth of approximately 1,188%[37] - Operating profit for Q1 2021 was CNY 144,393,514.04, compared to CNY 13,259,496.01 in the same period last year, indicating a year-over-year increase of about 984%[37] Assets and Liabilities - Total assets increased by 2.10% to CNY 4,604,109,770.81 compared to the end of the previous year[6] - Current assets decreased to CNY 641,149,961.53 from CNY 787,625,082.77, a decline of about 18.5%[26] - Non-current assets rose to CNY 3,962,959,809.28 from CNY 3,721,853,462.98, an increase of approximately 6.5%[27] - Total liabilities slightly increased to CNY 2,735,760,607.31 from CNY 2,719,369,514.77, showing a marginal growth of about 0.6%[28] - Current liabilities decreased to CNY 2,417,063,094.42 from CNY 2,514,999,339.11, a reduction of approximately 3.9%[28] - The company's total liabilities rose from 2,719,369,514.77 RMB to 2,730,241,601.53 RMB, reflecting an increase in long-term lease liabilities[47] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 26,765,700.47, compared to a negative CNY 156,741,283.97 in the previous year[6] - Cash received from tax refunds increased by CNY 10.59 million, attributed to incremental tax refunds received by the Lianshi plant[20] - Cash and cash equivalents at the end of Q1 2021 were CNY 258,313,410.23, down from CNY 523,088,508.85 at the end of Q1 2020, reflecting a decrease of approximately 50.7%[40] - The cash inflow from financing activities was 562,560,000.00 RMB, primarily from borrowings, compared to 649,781,895.83 RMB in the previous period[42] - The cash outflow for investing activities was 18,141,525.53 RMB, significantly higher than 136,375,107.59 RMB in the previous period, indicating increased capital expenditures[42] Shareholder Information - The number of shareholders reached 62,003, with the largest shareholder holding 28.78% of the shares[10] - The company reported a total equity of CNY 1,868,349,163.50, up from CNY 1,790,109,030.98, reflecting an increase of approximately 4.4%[28] - Total equity increased to ¥1,746,406,343.32 in Q1 2021, up 14.4% from ¥1,525,687,133.78 in Q1 2020[34] Operational Metrics - Operating costs surged by 100.63% year-on-year to CNY 518.72 million, primarily due to increased sales and rising raw material costs[18] - The company reported a significant increase in accounts receivable by 339.16% to CNY 1,692,789.55[13] - Prepayments surged by 702.6% to CNY 9,885,066.48 compared to the beginning of the year[13] - The company established a wholly-owned subsidiary, Fujian Shunchang Lianshi Cement Co., Ltd., from the Lianshi Cement Plant on February 20, 2021[22] Investment Activities - Investment activities resulted in a net cash outflow of CNY -100,076,882.22 in Q1 2021, compared to a net outflow of CNY -136,792,878.94 in Q1 2020, indicating an improvement in investment cash flow[40] - The net cash flow from investment activities was -11,898,661.87 RMB, a significant decrease compared to -136,159,295.67 RMB in the previous period, indicating a reduction in investment outflows[42]

Financial Performance - In 2020, the company's operating revenue was CNY 2,960,467,154.23, a decrease of 2.74% compared to CNY 3,043,783,250.03 in 2019[22] - The net profit attributable to shareholders was CNY 277,860,027.66, down 40.49% from CNY 466,908,623.75 in the previous year[22] - The net cash flow from operating activities was CNY 405,097,563.21, a decline of 37.19% compared to CNY 644,970,593.96 in 2019[22] - Basic earnings per share decreased to CNY 0.606, down 40.49% from CNY 1.019 in 2019[23] - The weighted average return on equity was 19.13%, a decrease of 21.26 percentage points from 40.39% in the previous year[23] - The company's total revenue for 2020 was 2,960.47 million RMB, a decrease of 2.74% year-on-year, while net profit attributable to shareholders was 27.79 million RMB, down 40.49%[40] - The company reported a significant increase in fixed assets by 20.94% year-on-year, primarily due to the completion of the renovation project at the Lianshi plant[33] - The company recorded a non-recurring loss of RMB 11.48 million in 2020, compared to a gain of RMB 73.93 million in 2019, highlighting fluctuations in non-operating income[28] Assets and Liabilities - The company's total assets increased by 14.64% to CNY 4,509,478,545.75 at the end of 2020, compared to CNY 3,933,549,370.87 at the end of 2019[22] - The net assets attributable to shareholders rose by 19.07% to CNY 1,661,418,539.68 at the end of 2020, up from CNY 1,395,365,288.04 in 2019[22] - Current assets decreased by 12.68% to CNY 787,625,082.77, primarily due to investments in the renovation project of the stone factory and the construction of the Ansha Phase II project[54] - Total liabilities rose by 11.75% to CNY 2,719,369,514.77, indicating a higher leverage position[55] - Short-term borrowings increased by 7.09% to CNY 1,362,361,349.76, reflecting the company's financing needs[55] Production and Sales - The company has a production capacity of 7.995 million tons of clinker and 12 million tons of cement annually, with one additional clinker production line under construction, expected to add 1.55 million tons of capacity[30] - In 2020, the company's cement production reached 10.19 million tons, an increase of 14.19% year-on-year, while sales volume increased by 9.28% to 10.10 million tons[40] - The average selling price of cement for the year was 290.45 RMB/ton, a decrease of 15.81 RMB (5.16%) compared to the previous year[40] - The company faced a significant decline in cement sales in Q1 2020, with a year-on-year drop of 33.18%, but saw a recovery starting in April[39] Market Position and Strategy - The company is positioned as a traditional leader in the Fujian cement industry and is the only publicly listed cement company in the province[32] - The company has established a multi-channel sales network, combining both distribution and direct sales models to enhance market reach[30] - The company aims to enhance its market share in core areas and expand into surrounding provinces, particularly in the competitive southern market of Fujian[72] - The company is facing intensified market competition but also has opportunities for growth due to infrastructure projects planned for 2021[67] Environmental and Social Responsibility - The company has invested in complete dust collection facilities across all 5 clinker production lines and 13 cement grinding lines, achieving a 100% operational rate[112] - The company has established emergency response plans for environmental incidents and conducts annual training and drills to enhance response capabilities[114] - The company donated CNY 9,000 million for the upgrade of the 356 National Road project, with CNY 3,500 million paid in the current period[102] - A total of CNY 67.25 million in rent reductions was provided to 25 small and micro enterprises during the COVID-19 pandemic[105] Risk Management - The company faced various risks as detailed in the report, which should be reviewed for future planning[8] - The company plans to implement a differentiated competition strategy and strengthen channel management to mitigate market risks[75] - Energy costs, including coal, electricity, and oil, account for over 50% of production costs, exposing the company to risks from rising energy prices[76] Corporate Governance - The company has not faced any penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[90] - The company has engaged Huaxing Accounting Firm for auditing services, with a fee of 900,000 yuan[86] - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of the company for the year ended December 31, 2020[155] Future Outlook - The company expects to add 3 new clinker production lines in 2021, increasing clinker capacity by 3 million tons and cement production by approximately 500-600 thousand tons[66] - The budgeted total revenue for 2021 is set at 3.54 billion yuan, with cost expenses projected at 2.82 billion yuan[71] - The company anticipates that the market demand for cement in 2021 will increase by 200 thousand tons compared to 2020[66]

Financial Performance - Net profit attributable to shareholders decreased by 15.31% to CNY 218,286,908.01 year-on-year[7] - Operating revenue rose by 3.46% to CNY 2,043,410,351.69 for the first nine months of the year[7] - Basic earnings per share decreased by 15.31% to CNY 0.476[7] - The weighted average return on equity fell by 9.53 percentage points to 15.19%[7] - Net profit for the first three quarters of 2020 was ¥277,244,342.62, a decrease of 25.43% compared to ¥371,721,161.43 in the same period of 2019[31] - The total profit for the first three quarters of 2020 was approximately ¥321.22 million, down from ¥379.28 million in the same period of 2019[35] - The net profit for Q3 2020 was approximately ¥18.05 million, a decrease of 68.36% from ¥56.95 million in Q3 2019[35] - The total profit for Q3 2020 was approximately ¥37.34 million, down 46.64% from ¥70.06 million in Q3 2019[35] Assets and Liabilities - Total assets increased by 6.82% to CNY 4,201,809,136.79 compared to the end of the previous year[7] - The total number of shareholders reached 57,967 by the end of the reporting period[11] - The total liabilities increased to RMB 2,610,893,172.79 from RMB 2,433,413,666.10, reflecting an increase of approximately 7.27%[28] - The equity attributable to shareholders rose to RMB 1,468,589,513.58 from RMB 1,395,365,288.04, marking an increase of about 5.25%[28] - The company's current assets decreased to RMB 853,692,167.63 from RMB 901,965,131.89 at the end of 2019, a decline of about 5.34%[26] - Total liabilities increased to ¥3,361,166,550.96 in Q3 2020, compared to ¥2,947,386,593.52 in Q3 2019, reflecting a growth of 14.05%[31] - The company's total cash and cash equivalents decreased to RMB 520,855,037.63 from RMB 635,141,422.33, a drop of approximately 18.01%[26] Cash Flow - Net cash flow from operating activities dropped by 49.34% to CNY 285,026,280.27 compared to the same period last year[7] - Cash received from operating activities decreased by CNY 241.70 million, a drop of 89.14%, primarily due to last year's receipt of funds from the transfer of cement clinker capacity indicators[20] - The company reported a net cash outflow from investing activities of CNY -218,624,698.79, compared to CNY -9,983,061.24 in the same period last year, indicating increased investment expenditures[43] - Cash inflow from operating activities totaled CNY 3,150,079,376.18, up from CNY 2,549,901,046.81 in the previous year, representing a growth of 23.5%[43] - The company's total cash flow for the first three quarters of 2020 was CNY 59,430,166.88, a decrease from CNY 360,647,005.91 in the same period last year[44] Inventory and Receivables - Accounts receivable increased by CNY 1.93 million compared to the beginning of the year, attributed to timing differences in settlements with key engineering clients[15] - Inventory increased by CNY 75.30 million, a growth of 57.02%, mainly due to increased production and sales leading to higher stock levels[16] - The company's inventory increased to RMB 207,373,347.14 from RMB 132,071,514.68, representing a growth of approximately 57.0%[26] - Accounts receivable financing decreased by CNY 46.19 million, a reduction of 51.48%, due to a decrease in business volume settled using notes[15] Shareholder Information - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[11] - The company's minority shareholder profit decreased by CNY 24.50 million, a decline of 56.07%, primarily due to the acquisition of 30% of minority shareholder equity in December 2019[19] Other Financial Metrics - Non-operating income for the first nine months totaled CNY 2,353,474.02, with a significant portion from government subsidies[9] - Other income decreased by CNY 4.65 million, a decline of 33.93%, mainly due to last year's government subsidies for electricity rewards and tax refunds[18] - The fair value change of other equity investments decreased by CNY 146.13 million, a decline of 226.10%, due to changes in the fair value of stocks held by the company[19] - The company reported a significant increase in asset impairment losses of ¥152.70 million in Q3 2020[34]