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]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,273,223,012.18, a decrease of 3.15% compared to CNY 1,314,698,767.41 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 201,007,600.62, down 4.62% from CNY 210,738,255.63 in the previous year[18]. - The net cash flow from operating activities was CNY 88,550,793.14, a significant decline of 67.43% compared to CNY 271,860,929.23 in the same period last year[18]. - Basic earnings per share for the first half of 2020 were CNY 0.526, a decrease of 4.62% compared to CNY 0.552 in the same period last year[19]. - The weighted average return on equity decreased by 6.22 percentage points to 14.16% from 20.38% in the previous year[19]. - The company reported a non-recurring profit of CNY 3,471,504.28 for the period, primarily from government subsidies[22]. - The company's revenue for the reporting period was 1,273.22 million yuan, a decrease of 3.15% compared to the same period last year, primarily due to a 9.38% drop in sales volume[30][32]. - The net profit attributable to shareholders was 201.01 million yuan, down 4.62% year-on-year, while the net profit after deducting non-recurring items increased by 3.48% to 197.54 million yuan[30]. - The company experienced a significant decline in net cash flow from operating activities, which decreased by 67.43% to 88.55 million yuan due to increased cash payments for goods and services[30][32]. - The company’s sales expenses decreased by 23.95% to 19.40 million yuan, attributed to reduced logistics costs due to lower sales volume[31][32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,145,985,874.85, an increase of 5.40% from CNY 3,933,549,370.87 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 7.62% to CNY 1,501,718,743.02 from CNY 1,395,365,288.04 at the end of the previous year[18]. - The company's total liabilities were ¥2,522,074,977.59, representing 60.83% of total assets, which is an increase of 3.64% from the previous year[40]. - Cash and cash equivalents decreased by 17.33% to ¥525,045,714.60, down from ¥635,141,422.33 in the previous year[38]. - Inventory increased by 39.04% to ¥183,625,955.77, primarily due to increased reserves of raw materials and finished goods[38]. - The total amount of guarantees provided by the company, excluding subsidiaries, is CNY 9,900 million, which accounts for 6.59% of the company's net assets[67]. Production and Operations - The company produced 318.63 million tons of clinker and 405.21 million tons of cement, representing a year-on-year decrease of 12.08% and 3.37% respectively[30]. - The company is currently constructing two new clinker production lines with a total capacity of 303.5 thousand tons, which will enhance its production capabilities[26]. - The company’s clinker production line upgrade project has completed the cement grinding system construction and is expected to start trial production by the end of October this year[30]. - The company holds a leading position in the Fujian cement industry, being the only listed company in the sector and recognized as a key enterprise for structural adjustment by the national government[26][27]. - The company’s sales volume saw a significant recovery in the second quarter, achieving a historical high after a 33.18% decline in the first quarter due to the pandemic[29]. Investments and Future Plans - The company plans to continue expanding its market presence and investing in new projects, particularly in the renovation of the refining plant and the second phase of the sand project[38]. - The company reported a total investment of 158,900,000 CNY in ongoing projects, with 30,557,230 CNY invested in the current year[46]. - The company has invested 25,618,620 CNY in the comprehensive technical reform project at the Lian Shi plant, which is expected to yield a return of 10,330,500 CNY[46]. Social Responsibility and Community Engagement - The company has provided a total of CNY 3,500 million in transportation public welfare funds to support regional development, with CNY 350 million paid in the current period[69]. - The company has committed to compensating local governments and villagers CNY 1,100,000 annually from 2018 to 2023 for ecological protection, with CNY 550,000 paid in the current period[69]. - The company has provided CNY 66,830 in rent reductions to 25 small and micro enterprises during the COVID-19 pandemic[69]. - The company has donated CNY 12,000,000 to support rural revitalization efforts in the local government[69]. - The company has agreed to donate 50,000 tons of cement for the construction of a senior care facility and other community projects[69]. Legal and Regulatory Matters - The company is involved in a significant lawsuit regarding a contract dispute with Shandong Shida Energy Engineering Co., with a first-instance judgment requiring the company to repurchase a production line and pay damages totaling RMB 22,651,846[56]. - The company has ongoing arbitration proceedings with Yangchun Mining regarding historical debts, with a claim amounting to RMB 21,592,300[58]. - The company has reported significant related party transactions, including purchasing coal from Fujian Yong'an Coal Industry Co., with an expected amount of RMB 27,200 million and actual transactions of RMB 1,500.96 million in the first half of 2020[63]. Environmental Management - The company has established emergency response plans for environmental incidents and conducted drills to minimize environmental hazards[78]. - All production bases have obtained national pollution discharge permits and strictly adhere to the monitoring of pollutant emissions[77]. - The company has invested in environmental protection equipment and projects, ensuring compliance with national and local regulations[76]. - The company’s nitrogen oxide emissions at various plants were reported as follows: 611.52 t at Fujian Yong'an Jianfu Cement Co., 480.48 t at Fujian Strait Cement Co., and 431.18 t at Fujian Cement Co.[76]. - The company’s sulfur dioxide emissions were reported at 10.31 t for Fujian Ansha Jianfu Cement Co. and 6.28 t for Fujian Yong'an Jianfu Cement Co., all within regulatory limits[76]. Shareholder Information - The largest shareholder, Fujian Building Materials (Holding) Co., Ltd., holds 28.78% of the shares, totaling 109,913,089 shares[90]. - Fujian Coal and Electricity Co., Ltd. is the second largest shareholder with 3.17% of the shares, totaling 12,100,833 shares[90]. - The report indicates no changes in the shareholding of the top shareholders during the reporting period[91]. - There are no pledges or freezes on the shares held by the top shareholders[90]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[92]. Financial Reporting and Accounting Policies - The financial report is prepared in RMB, with the balance sheet as of June 30, 2020, yet to be detailed[100]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements reflect a true and complete picture of its financial status[134]. - The company has a continuous operating capability for at least 12 months from the end of the reporting period[132]. - The preparation of consolidated financial statements is based on control, including subsidiaries determined by voting rights or contractual arrangements[141].

Financial Performance - Operating revenue for the reporting period was CNY 431,873,440.15, a decrease of 25.21% year-on-year[8]. - Net profit attributable to shareholders of the listed company was CNY 75,134,701.00, an increase of 4.27% compared to the same period last year[8]. - Basic earnings per share were CNY 0.197, reflecting a 4.27% increase year-on-year[8]. - Total revenue for Q1 2020 was ¥431,873,440.15, a decrease of 25.3% compared to ¥577,410,697.20 in Q1 2019[36]. - Net profit for Q1 2020 was ¥82,409,100.75, slightly down from ¥82,960,305.66 in Q1 2019, representing a decrease of 0.7%[36]. - The company's total comprehensive income for Q1 2020 was -¥80.33 million, compared to ¥100.03 million in Q1 2019[40]. - The net profit for Q1 2020 was ¥12.22 million, down 30.5% from ¥17.56 million in Q1 2019[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,881,685,172.07, a decrease of 1.32% compared to the end of the previous year[8]. - The company's current assets totaled RMB 868,105,768.40 as of March 31, 2020, down from RMB 901,965,131.89 at the end of December 2019, reflecting a decrease of approximately 3.5%[26]. - Total liabilities decreased to RMB 2,393,668,433.95 from RMB 2,433,413,666.10, a reduction of about 1.6%[28]. - The company's equity attributable to shareholders decreased to RMB 1,377,210,223.37 from RMB 1,395,365,288.04, a decline of approximately 1.3%[28]. - The total assets reached 3,933,549,370.87 RMB, with current assets totaling 901,965,131.89 RMB[48]. - The total liabilities amounted to 2,433,413,666.10 RMB, with current liabilities at 2,247,825,933.25 RMB[49]. Cash Flow - The net cash flow from operating activities was CNY -156,741,283.97, a decrease of 566.85% compared to the previous year[8]. - Cash received from operating activities decreased by 53.90% to 14,599,117.02, largely due to a prior year's return of ecological guarantee deposits[20]. - The cash flow from operating activities for Q1 2020 was -¥156.74 million, a significant decline from ¥33.57 million in Q1 2019[42]. - The cash outflow from operating activities in Q1 2020 was ¥1,125.26 million, compared to ¥722.02 million in Q1 2019[45]. - The net cash flow from investment activities was -136,159,295.67 RMB, a significant decrease compared to -1,361,792.36 RMB in the previous period[46]. - Cash inflow from financing activities amounted to 649,781,895.83 RMB, an increase from 595,000,000.00 RMB year-over-year[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,554[11]. - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., held 28.78% of the shares[11]. Inventory and Receivables - Accounts receivable increased by 727,615.07, attributed to timing differences in customer settlements for key projects[15]. - Inventory increased by 64.17% to 216,824,896.53, primarily due to decreased cement production and sales caused by the pandemic[16]. - The company reported a significant increase in inventory, which rose to RMB 216,824,896.53 from RMB 132,071,514.68, indicating a growth of approximately 64.2%[26]. - Other receivables increased to ¥1,009,011,184.25 from ¥1,004,149,642.40, showing a marginal increase of 0.5%[32]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,555,187.09 during the reporting period[10]. - Other income fell by 50.09% to 1,555,187.09, reflecting a reduction in government subsidies received in the previous year[18]. Financial Investments - The fair value change of equity investments decreased by 212.21% to -92,548,345.50, due to market fluctuations in held stocks[19]. - The company has long-term equity investments valued at approximately CNY 1.65 billion[53].

Financial Performance - The company's operating revenue for 2019 was CNY 3,043,783,250.03, representing a 3.27% increase compared to CNY 2,947,371,480.29 in 2018[23]. - The net profit attributable to shareholders of the listed company reached CNY 466,908,623.75, a significant increase of 38.34% from CNY 337,497,650.07 in the previous year[23]. - The company reported a net profit of CNY 392,980,892.18 after deducting non-recurring gains and losses, an increase of 18.98% from CNY 330,297,155.59 in 2018[23]. - Basic earnings per share increased by 38.34% to CNY 1.223 compared to CNY 0.884 in the previous year[24]. - The company's net profit attributable to shareholders for Q4 2019 was CNY 209,163,521.41, with a total annual net profit of CNY 486,908,589.03[25]. - The total revenue for 2019 reached CNY 3.043 billion, representing a year-on-year growth of 12.5%[30]. - The company reported a significant increase in financing cash flow, up 57.02%, due to improved cash flow management and reduced debt repayments[51]. - The company reported a significant increase in cash received from operating activities, reaching CNY 3,207,227,006.83 in 2019, up from CNY 2,901,435,268.83 in 2018, reflecting a growth of 10.5%[188]. Assets and Liabilities - The total assets of the company at the end of 2019 were CNY 3,933,549,370.87, showing a slight decrease of 1.74% from CNY 4,003,083,106.11 at the end of 2018[23]. - The net assets attributable to shareholders of the listed company increased by 63.11% to CNY 1,395,365,288.04 at the end of 2019, compared to CNY 855,474,685.94 at the end of 2018[23]. - Total liabilities decreased to CNY 2,433,413,666.10 from CNY 2,621,820,070.48, reflecting a decline of approximately 7.2%[173]. - Current assets decreased by 10.08% to CNY 901,965,131.89, with cash and cash equivalents down by 9.60% to CNY 632,548,695.21[54]. - The company's inventory decreased to CNY 132,071,514.68 from CNY 159,192,957.98, indicating a reduction of about 17.1%[172]. Production and Capacity - The company operates five production lines with a total clinker production capacity of 6.51 million tons and cement production capacity of 11.64 million tons annually[28]. - The company reported a total of 15.2 billion tons of clinker production in 2019, a year-on-year increase of 6.9%[30]. - The company plans to enhance production capacity with the construction of two new clinker production lines, expected to add 303.5 thousand tons annually[28]. - The company produced 714.43 million tons of clinker and 891.43 million tons of cement, with a slight decrease in clinker production of 4.73%[38]. Costs and Expenses - The average selling price of cement decreased by 2.27%, while the sales cost increased by 0.43%, leading to a decline in the overall gross margin by 2.25 percentage points[38]. - The cost of raw materials for cement increased to CNY 575,029,829.08, accounting for 29.40% of total costs, compared to 25.72% in the previous year, indicating a 3.68% increase[45]. - The cost of energy in cement production decreased by 4.53% to CNY 994,594,752.10, which accounted for 50.86% of total costs, down from 55.38% in the previous year[45]. - The company reduced its sales expenses by 15.85% to CNY 49,865,109.87, mainly due to lower transportation and employee compensation costs[49]. Strategic Initiatives - The company plans to complete a comprehensive technical upgrade project with a capacity of 4,500 tons per day by October 2020, which will enhance its market share in the cement industry[35]. - The company aims to become the largest cement supplier in the Haixi region, leveraging local resources and optimizing its layout[70]. - The company is focusing on innovation by improving asset efficiency and advancing technical upgrades, with significant projects expected to be completed in 2021[75]. - The company plans to enhance its market position by expanding into new regions and increasing its market share in the core areas, particularly in the civil construction market[75]. Social Responsibility - The company donated CNY 90 million to support local infrastructure projects, ensuring the timely operation of its new facilities[36]. - The company actively participates in social responsibility initiatives, including poverty alleviation and community support[106]. - A donation of 90 million RMB was pledged to support transportation development, specifically for the upgrade of the 356 National Road[110]. - The total investment in poverty alleviation initiatives amounted to 1,686,300 RMB in 2019[110]. Governance and Compliance - The company has provided a standard unqualified audit report from Huaxing Accounting Firm[5]. - The board of directors has ensured the accuracy and completeness of the annual report, taking legal responsibility for any misstatements or omissions[4]. - The company has not been subject to any penalties from securities regulatory agencies in the past three years[146]. - The company has not disclosed any major deficiencies in internal control during the reporting period[158]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,924, a decrease from 45,554 at the end of the previous month[124]. - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 109,913,089 shares, representing 28.7% of total shares[126]. - The company has no significant changes in the number of shares held by the top ten shareholders during the reporting period[126]. - The total remuneration for the chairman, Wang Jinxing, was 532,400 RMB for the reporting period[136].

Financial Performance - Operating revenue decreased by 1.04% to CNY 1,974,988,624.91 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 19.91% to CNY 257,745,102.34 year-over-year[6] - Basic earnings per share decreased by 19.91% to CNY 0.67 compared to the same period last year[6] - Total operating revenue for Q3 2019 was CNY 660,289,857.50, a decrease of 9.45% compared to CNY 729,208,892.34 in Q3 2018[32] - Net profit for Q3 2019 was CNY 56,951,908.98, down 52.93% from CNY 120,926,233.25 in Q3 2018[33] - Total comprehensive income attributable to the parent company for Q3 2019 was approximately ¥27.88 million, compared to ¥130.42 million in Q3 2018, indicating a decrease of 78.6%[38] Assets and Liabilities - Total assets increased by 8.18% to CNY 4,330,533,016.48 compared to the end of the previous year[6] - Current assets totaled CNY 1,408,593,358.43, up from CNY 1,003,053,097.49, indicating a significant increase of about 40.41%[25] - Total liabilities were CNY 2,697,864,513.36, an increase from CNY 2,621,820,070.48, marking a rise of about 2.89%[27] - Non-current assets totaled CNY 2,921,939,658.05, down from CNY 3,000,030,008.62, indicating a decrease of about 2.62%[26] - The total liabilities as of Q3 2019 amounted to CNY 3,179,665,743.36, a slight decrease from CNY 3,222,659,035.43 in the same period last year[30] Shareholder Equity - Net assets attributable to shareholders increased by 36.07% to CNY 1,164,047,149.03 year-over-year[6] - The company's equity attributable to shareholders was CNY 1,164,047,149.03, up from CNY 855,474,685.94, showing an increase of approximately 36.06%[27] - The total equity increased to CNY 1,352,282,452.94 in Q3 2019, compared to CNY 1,119,281,680.13 in Q3 2018, reflecting a growth of 20.77%[30] Cash Flow - Cash flow from operating activities decreased by 4.84% to CNY 562,581,695.62 for the first nine months[6] - Cash received from operating activities increased by CNY 190,541,100, with a growth rate of 469.28%, due to the receipt of funds from the transfer of cement clinker production capacity[18] - The net cash flow from operating activities for the first three quarters of 2019 was ¥562,581,695.62, a decrease from ¥591,175,577.47 in 2018, reflecting a decline of about 4.9%[39] Investments and Expenses - Financial expenses decreased by CNY 22,421,300, with a reduction of 32.76%, due to lower average interest-bearing liabilities and interest rates compared to the previous year[16] - Cash paid for the acquisition of fixed assets increased by CNY 67,367,200, with a growth rate of 345.95%, due to investments in new renovation projects[18] - Research and development expenses remained at CNY 0.00 for both Q3 2019 and Q3 2018, indicating no investment in R&D during this period[32] Other Financial Metrics - The weighted average return on equity decreased by 17.73 percentage points to 24.72% compared to the previous year[6] - The gross profit margin for Q3 2019 was approximately 10.3%, down from 12.4% in Q3 2018[32] - The company reported a fair value change gain of approximately ¥122.99 million in Q3 2019, compared to a loss of -¥38.33 million in Q3 2018[37]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,314,698,767.41, representing a 3.81% increase compared to ¥1,266,440,971.87 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was ¥210,738,255.63, a decrease of 6.42% from ¥225,186,363.00 in the previous year[20]. - The net cash flow from operating activities decreased by 19.55%, amounting to ¥271,860,929.23 compared to ¥337,911,595.28 in the same period last year[20]. - The total assets at the end of the reporting period were ¥4,096,900,261.27, reflecting a 2.34% increase from ¥4,003,083,106.11 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 34.40%, reaching ¥1,149,745,311.24 compared to ¥855,474,685.94 at the end of the previous year[20]. - The basic earnings per share for the first half of 2019 was ¥0.552, down 6.42% from ¥0.590 in the same period last year[21]. - The weighted average return on net assets decreased by 12.54 percentage points to 20.38% from 32.92% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥190,898,707.62, showing a slight decrease of 0.40% from ¥191,672,148.96 in the same period last year[20]. - Total profit amounted to 309.22 million RMB, reflecting a year-on-year decrease of 3.32%[32]. - Net profit attributable to the parent company was 210.74 million RMB, down 6.42% year-on-year[32]. Operational Highlights - The company produced 3.6241 million tons of clinker and 4.1934 million tons of cement, representing year-on-year increases of 10.70% and 11.10% respectively[32]. - Cement sales reached 4.4254 million tons, a year-on-year growth of 12.19%, while the average selling price of cement decreased by 7.57%[32]. - The company's revenue from cement manufacturing reached ¥1,301,239,415.43, with a gross margin of 29.38%, reflecting a decrease of 4.66% compared to the previous year[37]. - Revenue from cement products was ¥1,229,578,504.19, with a gross margin of 29.79%, down by 4.99% year-on-year[37]. - The company has a competitive advantage with its own railway lines, reducing logistics costs[29]. - The company has maintained a quality-leading brand strategy, with its main products being recognized as national exempt inspection products[29]. Cash Flow and Investments - The net cash flow from operating activities decreased by 19.55% to 271.86 million RMB, primarily due to increased payments for raw material purchases and taxes[35]. - The company reported a significant increase in cash and cash equivalents, totaling ¥838,279,802.29, which represents 20.46% of total assets, up by 19.81% from the previous period[40]. - Short-term borrowings decreased to ¥1,260,500,000.00, accounting for 30.77% of total liabilities, down by 8.03% compared to the last period[40]. - The company received investment income of ¥21,615,032.46 from Industrial Bank, indicating a sustainable income source[38]. - The fair value change income from new shares obtained through offline subscription was ¥70,944.43, compared to a loss of ¥34,071.18 in the previous year[38]. Environmental and Compliance - The company has completed the separation and transfer of utilities at the Jianfu Plant and Fuzhou Lianshi, but historical issues may lead to additional costs[49]. - The company aims to strengthen its market position by optimizing sales strategies and enhancing non-price competition[47]. - The company is focused on maintaining compliance with environmental regulations and improving operational efficiency to ensure sustainable growth[48]. - The company has achieved a 100% completion rate for dust collection facilities across all 7 clinker production lines and 14 cement grinding lines, ensuring stable operation and compliance with emission standards[76]. - All production bases have obtained new pollution discharge permits and are strictly adhering to the pollution discharge monitoring system[77]. Legal and Regulatory Matters - The company reported a significant legal dispute involving a contract with Shandong Shida Energy Engineering Co., with a claim for a repurchase price of 31.4604 million yuan[58]. - The company has ongoing negotiations regarding the aforementioned contract dispute, with no final judgment reached as of the last court session[58]. - The company has reported no major litigation or arbitration matters during the reporting period[59]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period was 43,359[84]. - The top ten shareholders held a total of 28.78% of shares, with Fujian Provincial Building Materials (Holding) Co., Ltd. being the largest shareholder with 109,913,089 shares[87]. - The company reported no significant accounting errors that required retrospective restatement during the reporting period[82]. - There were no changes in the total number of shares or the capital structure during the reporting period[83]. Corporate Social Responsibility - The company paid ¥5.5 million in ecological protection compensation to local governments and villages in 2019[70]. - The company has committed to an annual compensation of ¥1.1 million from 2018 to 2023 for ecological protection and community support[70]. - The company actively participates in local education, employment, and infrastructure development as part of its corporate social responsibility[69]. - The company plans to continue its participation in precision poverty alleviation efforts in the second half of 2019[72]. Accounting and Financial Reporting - The company implemented new financial standards starting January 1, 2019, resulting in an adjustment of CNY 479,798,912 for the cumulative impact on financial statements[81]. - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of the company's financial status[126]. - The company recognizes expected credit losses based on reasonable and evidence-based information, considering past events, current conditions, and future economic forecasts[151]. - The company applies a systematic approach to review and adjust the useful life and amortization of fixed assets and intangible assets annually[171].

证券代码：600802 证券简称：福建水泥 编号：临 2019-028 福建水泥股份有限公司关于参加 2019 年福建辖区 上市公司投资者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。 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、融资计划、可持续发展等投资者所关心的问题，公司定于 2019 年 7 月 18 日下午 14:00-17:00 参加由福建证监局协同深圳市全景网络 有限公司组织开展的 2019 年福建辖区上市公司投资者集体接待日活 动。现将有关事项公告如下： 本次集体接待日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"全景·路演天下" 网站（http://rs.p5w.net/）或关注微信公众号：全景财经（微信号： p5w2012），参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 18 日（星期四）14:00 至 17:00。 出席本次集体接待日的人员有：公司董事长王金星、总会计师陈 兆斌、董事会秘书蔡宣能等 ...