Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,253,100,843.42, a decrease of 1.89% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 90,766,359.06, down 11.16% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 50,181,920.75, representing a significant decrease of 37.79% compared to the previous year[19]. - The net cash flow from operating activities was CNY 122,034,134.55, a decline of 69.86% from the same period last year[19]. - The total revenue for the first half of 2019 was 22,205.73 million RMB, with a significant portion attributed to aluminum alloy doors and windows, and aluminum products[59]. - The company reported a total of 13,201.24 million RMB in related party transactions, including loan and discount services[59]. - The company reported a net profit of CNY 1,810,466.06 for the first half of 2019, compared to CNY 1,318,000.00 in the same period of 2018, reflecting an increase of 37.3%[100]. - The company’s total comprehensive income for the first half of 2019 was CNY 91,232,019.19, compared to CNY 104,144,071.98 in the first half of 2018, indicating a decline of about 12.4%[103]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 12,219,081,612.35, an increase of 17.21% compared to the end of the previous year[19]. - The total liabilities increased to CNY 7,403,798,858.39, compared to CNY 6,419,094,237.42 at the end of 2018, reflecting a growth of 15.3%[100]. - The company's total assets reached CNY 11,703,620,345.10, up from CNY 9,928,766,330.78 at the end of 2018, representing an increase of 17.9%[99]. - The total non-current liabilities reached CNY 2,709,705,799.47, an increase from CNY 2,352,953,595.83 in the previous year, indicating a growth of 15.2%[100]. - The company reported a significant increase in construction in progress, amounting to 637.65 million RMB, up 88.54% from the previous period[36]. Shareholder Equity - The net assets attributable to shareholders of the listed company reached CNY 4,377,828,964.27, reflecting a growth of 22.33% year-on-year[19]. - Shareholders' equity totaled CNY 4,299,821,486.71, up from CNY 3,509,672,093.36, indicating a rise of 22.5%[100]. - The total owner's equity at the end of the reporting period is CNY 3,545,513,116.97, with a decrease of CNY 60,326,142.38 in undistributed profits[128]. - The total capital reserve increased by CNY 573,330,964.16, reflecting strong financial backing[128]. Research and Development - Research and development expenses increased by 43.80% to 21.73 million CNY, reflecting the company's commitment to new product development[31]. - The company has accumulated extensive experience in high-purity aluminum and electronic aluminum foil production, supported by numerous patents and proprietary technologies[26]. - The company is actively developing new aluminum-based materials, including high-strength aluminum alloys and graphene aluminum alloy materials, to mitigate risks associated with new business ventures[43]. Market Position and Strategy - The aluminum electrolytic capacitor market is projected to grow from approximately $8.8 billion in 2018 to $11.09 billion by 2022, indicating a strong upward trend in demand[25]. - The company has established long-term partnerships with well-known domestic and international manufacturers, enhancing its market position and competitive advantage[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[100]. Environmental and Social Responsibility - The company has implemented pollution control measures, achieving a total sulfur dioxide emission of 119 tons during the reporting period, which is within the regulatory limits[73]. - The company donated 1 tractor and a pesticide sprayer to 20 villages in Yingjisha County to enhance agricultural production support[67]. - A total of 130 individuals were helped to escape poverty through the company's targeted poverty alleviation efforts[69]. Corporate Governance - The company has maintained a good integrity status, complying with national laws and regulations, with no major lawsuits or arbitration matters reported during the reporting period[53]. - The company has reported a significant commitment from its largest shareholder, TBEA Co., Ltd., to not engage in any business that competes with the company, ensuring no direct or indirect competition[50]. - The company has not faced any non-standard audit reports, reflecting a stable financial reporting environment[53]. Financial Management - The company’s financial reporting has been adjusted to comply with new financial instrument standards effective January 1, 2019[82]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[143]. - The company recognizes revenue when the ownership risks and rewards have been transferred to the buyer, and the amount can be reliably measured[199].

证券代码：600888 证券简称：新疆众和 公告编号：临 2019-035 号 新疆众和股份有限公司关于参加 2019 年新疆辖区 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新疆众和股份有限公司（以下简称"公司"） 情况、发展战略、经营状况、融资计划、股权激励、可持续发展等投资者所关心的问 题，公司定于 2019 年 7 月 26 日下午 15:00-17:30 参加由新疆上市公司协会联合深圳 市全景网络有限公司组织开展的 2019 年新疆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 26 日（星期五）15:00 至 17:30。 出席本次集体接待日 ...

Financial Performance - Operating revenue for the first quarter was CNY 1,170,242,970.46, representing a 6.66% increase year-on-year[16] - Net profit attributable to shareholders decreased by 3.50% to CNY 43,465,220.66 compared to the same period last year[16] - The company reported a significant increase in non-current asset disposal gains of CNY 10,021,932.18, primarily from government subsidies[18] - Investment income rose by 53.38% to CNY 26,293,515.91, primarily from the increased net profit of Xinjiang Tianchi Energy Co., Ltd.[24] - Other income surged by 100.50% to CNY 10,021,932.18, mainly due to an increase in government subsidies[24] - Total operating revenue for Q1 2019 was CNY 1,170,242,970.46, an increase of 6.5% compared to CNY 1,097,145,314.30 in Q1 2018[36] - Total operating costs for Q1 2019 were CNY 1,161,604,306.54, up from CNY 1,071,784,724.64 in Q1 2018, reflecting a year-over-year increase of 8.4%[36] - Net profit for Q1 2019 was CNY 44,323,440.12, a decrease of 2.7% from CNY 45,553,616.15 in Q1 2018[37] - Total comprehensive income for Q1 2019 was CNY 44,358,863.50, down from CNY 50,746,164.15 in Q1 2018, a decline of 12.5%[38] Cash Flow - Net cash flow from operating activities was negative at CNY -60,160,835.20, a decline of 132.66% year-on-year[16] - Cash inflow from operating activities in Q1 2019 was CNY 1,557,445,870.08, down from CNY 1,832,186,576.82 in Q1 2018, a decrease of about 15%[41] - Cash outflow from operating activities totaled CNY 1,617,606,705.28 in Q1 2019, compared to CNY 1,648,006,825.50 in Q1 2018, a decrease of approximately 1.8%[41] - Cash flow from investing activities in Q1 2019 resulted in a net outflow of CNY 56,527,343.04, compared to a net outflow of CNY 10,957,271.04 in Q1 2018[42] - Cash flow from financing activities in Q1 2019 was a net inflow of CNY 690,968,388.48, compared to CNY 337,340,785.04 in Q1 2018, indicating an increase of approximately 105%[42] - The company reported a net decrease in cash and cash equivalents of CNY 252,241,793.79, compared to a decrease of CNY 438,492,009.25 in the same period last year[45] Assets and Liabilities - Total assets increased by 7.20% to CNY 11,175,954,670.38 compared to the end of the previous year[16] - Cash and cash equivalents increased by 30.21% to CNY 2,581,388,318.03 due to increased borrowings[22] - Accounts receivable rose by 32.29% to CNY 395,938,718.28, attributed to business growth and delayed customer payments[22] - Current liabilities rose to CNY 4,645,997,441.54, compared to CNY 4,180,606,855.16 in the previous year[30] - Total liabilities rose to CNY 7,143,125,562.15, compared to CNY 6,419,094,237.42, marking an increase of approximately 11.27%[34] - Short-term borrowings increased to CNY 3,315,854,208.92 from CNY 2,695,773,597.50, a rise of about 23.06%[34] - Total assets reached CNY 10,709,333,246.11 as of March 31, 2019, up from CNY 9,928,766,330.78 at the end of 2018, representing a growth of approximately 7.85%[33] - Total liabilities amounted to CNY 6,771,280,450.99, with current liabilities at CNY 4,066,140,641.59 and non-current liabilities at CNY 2,590,673,595.83[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 72,080, with the largest shareholder holding 27.22% of the shares[19] - Total equity attributable to shareholders reached CNY 3,626,407,943.56, compared to CNY 3,578,643,419.08, an increase of approximately 1.34%[34] - The total equity attributable to shareholders of the parent company was CNY 3,578,643,419.08[49] Expenses - Management expenses increased by 56.58% to CNY 34,870,637.38 due to stock incentive costs and employee compensation[24] - Research and development expenses for Q1 2019 were CNY 8,756,437.80, down from CNY 9,631,138.47 in Q1 2018, a decrease of 9.1%[36] - Financial expenses for Q1 2019 were CNY 59,835,551.49, a reduction from CNY 70,493,558.45 in Q1 2018, showing a decrease of 15.1%[36]

Financial Performance - In 2018, the company achieved operating revenue of CNY 4,870,971,684.44, a decrease of 18.90% compared to CNY 6,006,120,283.08 in 2017[22] - The net profit attributable to shareholders of the listed company was CNY 181,382,572.19, an increase of 50.40% from CNY 120,601,332.14 in the previous year[22] - The net cash flow from operating activities reached CNY 545,231,562.18, representing a significant increase of 183.64% compared to CNY 192,228,567.19 in 2017[22] - The company's total assets at the end of 2018 were CNY 10,424,942,452.23, up 2.86% from CNY 10,135,483,410.49 at the end of 2017[22] - The basic earnings per share for 2018 was CNY 0.2176, reflecting a growth of 50.38% from CNY 0.1447 in 2017[23] - The weighted average return on net assets increased to 5.2041% in 2018, up by 1.5569 percentage points from 3.6472% in 2017[23] - The company reported a decrease of 0.38% in net profit after deducting non-recurring gains and losses, totaling CNY 105,719,471.43 compared to CNY 106,123,785.81 in 2017[22] Cash Flow and Investments - The company received government subsidies amounting to CNY 73,575,837.89 in 2018, a significant increase compared to CNY 24,552,476.71 in 2017, reflecting improved government support[28] - The company's investment activities generated a net cash flow of -41,561.20 million RMB, an improvement from -44,524.01 million RMB in the previous year[65] - The company's financing activities resulted in a net cash flow of 56,070.45 million RMB, a significant increase compared to -1,926.74 million RMB in the previous year[67] Market and Industry Outlook - The global aluminum electrolytic capacitor market is projected to grow from USD 8.8 billion in 2018 to USD 11.09 billion by 2022, indicating a favorable market outlook for the company's products[34] - The company is positioned in a strategic emerging industry, benefiting from national policies that encourage the development of new materials, which could lead to increased market opportunities[34] - The demand for aluminum electrolytic capacitors is projected to rise due to the recovery of the global economy and the growth of emerging industries[80] Production and Technology - The company has established a complete electronic new materials industry chain, focusing on high-purity aluminum and electronic aluminum foil production, which are critical for various high-tech applications[32] - The company has achieved significant technological advancements, holding nearly 100 patents and proprietary technologies, and has been recognized as a key high-tech enterprise under the National Torch Program[37] - The company is actively pursuing new product development in high-purity aluminum-based electronic materials and has made breakthroughs in major technological innovation projects[44] Strategic Partnerships and Market Position - The company has established long-term strategic partnerships with major clients, including well-known international and domestic manufacturers, which strengthens its market competitiveness and customer base[38] - The company operates under a direct sales model primarily targeting the domestic market, with plans to strengthen international market development[33] Employee and Management Initiatives - The company implemented a restricted stock incentive plan, granting 28,208,400 shares to 213 key personnel to enhance employee engagement[47] - The company has implemented equity incentive plans for multiple executives, resulting in significant shareholding increases across the board[165] - The company has a training plan aimed at enhancing employee skills and core competitiveness, incorporating various training methods[181] Environmental and Social Responsibility - The company invested in the construction of 2*150MW cogeneration units and implemented flue gas denitrification projects, significantly reducing nitrogen oxide emissions[134] - The company is actively engaged in poverty alleviation efforts, providing various forms of support to designated impoverished villages in Xinjiang[125] - The company provided 39.2 million in funding and 5.34 million in material assistance for poverty alleviation efforts[127] Governance and Compliance - The company maintained good integrity status, complying with national laws and regulations, with no significant debts or court judgments unfulfilled[108] - The company confirmed that there were no major differences between its governance practices and the requirements set by the China Securities Regulatory Commission[185] - The company did not report any significant internal control deficiencies during the reporting period[194]

Financial Performance - Net profit attributable to shareholders increased by 41.04% to CNY 148,722,911.12 year-to-date[6] - Basic and diluted earnings per share increased by 41.03% to CNY 0.1784[8] - The company reported a significant reduction in non-operating losses, with a total of CNY 35,224,991.94 recognized in the current period[10] - Net profit for the first nine months of 2018 was CNY 150,481,632.55, representing a 43.30% increase compared to the same period in 2017[15] - Total profit for the first nine months of 2018 reached CNY 155,887,932.11, up 37.27% year-on-year[15] - Net profit for Q3 2018 reached CNY 47,742,504.07, an increase of 41.6% from CNY 33,741,268.86 in Q3 2017[32] - The net profit attributable to the parent company for the first nine months of 2018 was CNY 158,724,550.51, compared to CNY 83,576,336.05 in the same period last year, indicating a significant increase of 89.9%[35] - The total comprehensive income for the first nine months of 2018 was CNY 159,971,730.01, compared to CNY 47,324,114.80 in the same period last year, showing a growth of 237.5%[35] Revenue and Costs - Operating revenue decreased by 7.56% to CNY 3,486,684,087.83 year-to-date[6] - Total operating revenue for Q3 2018 was CNY 1,190,097,724.81, a decrease of 17.3% compared to CNY 1,439,525,046.91 in Q3 2017[30] - Total operating costs for Q3 2018 were CNY 1,196,188,495.51, down 15.1% from CNY 1,408,909,423.16 in Q3 2017[31] - The company's operating revenue for Q3 2018 was CNY 1,115,831,761.77, a slight increase from CNY 1,111,731,646.20 in Q3 2017, representing a year-on-year growth of 0.3%[34] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 312,521,948.35 from a negative CNY 754,377,513.84 in the same period last year[6] - Operating cash flow net amount was CNY 312,521,948.35, a significant improvement from a negative cash flow in the previous year[17] - The company reported a net cash flow from operating activities of CNY 312,521,948.35 for the first nine months of 2018, a turnaround from a negative cash flow of CNY 754,377,513.84 in the same period last year[38] - The company achieved a total cash inflow from operating activities of CNY 5,356,568,301.23 for the first nine months of 2018, compared to CNY 3,424,662,130.25 in the same period last year, indicating a growth of 56.5%[38] - The company reported a net increase in cash and cash equivalents of CNY 941,027,971.90 for the first nine months of 2018, compared to a decrease of CNY -452,956,115.99 in the previous year[41] Assets and Liabilities - Total assets increased by 8.15% to CNY 10,961,968,787.30 compared to the end of the previous year[6] - The total liabilities increased to CNY 7,277,695,912.01 from CNY 6,691,150,731.66, showing a growth of about 8.7%[24] - Current assets rose to CNY 5,313,816,517.84, up from CNY 4,560,260,154.24, indicating an increase of about 16.5%[22] - Cash and cash equivalents increased by 79.53% to CNY 2,377,848,371.93, primarily due to increased sales collections and bank borrowings[13] - Short-term borrowings rose by 40.93% to CNY 1,603,653,782.74, reflecting new bank loans taken during the period[13] - The total equity attributable to shareholders increased to CNY 3,622,592,667.25 from CNY 3,398,969,986.00, reflecting a growth of approximately 6.6%[24] Shareholder Information - The total number of shareholders reached 64,860 by the end of the reporting period[10] - The largest shareholder, TBEA Co., Ltd., holds 27.22% of the shares[11] Other Income and Expenses - Government subsidies recognized amounted to CNY 35,384,494.69 for the current period[10] - The company reported a total of CNY 35,384,494.69 in other income for Q3 2018, significantly higher than CNY 7,527,867.47 in Q3 2017, marking an increase of 369.5%[34] - The company's financial expenses for the first nine months of 2018 were CNY 214,242,945.57, up from CNY 173,893,231.96 in the same period last year, reflecting an increase of 23.2%[34] Investment and Development - The company reported a 256.21% increase in investment income to CNY 60,830,775.29, attributed to improved performance from joint ventures[15] - Research and development expenses for Q3 2018 were CNY 10,492,508.09, a slight increase from CNY 9,790,734.85 in Q3 2017[31] - The company plans to focus on market expansion and new product development in the upcoming quarters[30]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,296,586,363.02, a decrease of 1.53% compared to the same period last year[16]. - The net profit attributable to shareholders was CNY 102,165,620.02, representing a significant increase of 41.92% year-on-year[16]. - The net cash flow from operating activities reached CNY 404,896,131.28, a substantial improvement from a negative cash flow of CNY -306,382,809.89 in the previous year[16]. - The total assets at the end of the reporting period were CNY 10,659,046,686.86, an increase of 5.17% compared to the end of the previous year[16]. - The net assets attributable to shareholders increased by 2.53% to CNY 3,485,017,249.35[16]. - Basic earnings per share rose to CNY 0.1226, up 41.90% from CNY 0.0864 in the same period last year[17]. - The company's total operating revenue for the period was 2.297 billion RMB, a decrease of 1.53% compared to the previous year[28]. - The net profit attributable to shareholders of the listed company was 102.17 million RMB, representing a year-on-year increase of 41.92%[28]. - The gross profit margin for the electronic new materials industry was 20.17%, with high-purity aluminum at 17.67% and electronic aluminum foil at 28.33%[28]. - The company reported a total profit of RMB 108,525,006.50, up 37.3% from RMB 78,998,820.08 in the previous period[109]. Revenue and Sales Growth - In the first half of 2018, the company's electronic new materials industry achieved sales revenue of 1.162 billion RMB, a year-on-year increase of 15.69%[27]. - The sales revenue for high-purity aluminum reached 325 million RMB, growing by 29.20% year-on-year[28]. - The sales revenue for electronic aluminum foil was 308 million RMB, with a year-on-year increase of 6.15%[28]. - The sales revenue for electrode foil was 530 million RMB, reflecting a year-on-year growth of 14.33%[28]. - The company's revenue from sales and services reached ¥3,195,782,107.48, a 54.35% increase compared to the previous period, primarily due to enhanced cash collection efforts[34]. Investment and Financing - The company invested ¥103,300,000.00 in Chengdu Fujian Machinery Manufacturing Co., Ltd., marking a significant investment activity during the period[34]. - Long-term borrowings increased to ¥1,725,665,000.00, a 132.44% rise from ¥742,420,000.00, reflecting the company's financing strategy to support operational needs[36]. - The company issued a total of 10.62 million RMB in guarantees to subsidiaries during the reporting period, with a remaining balance of 5.30 million RMB at the end of the period[62]. - The company issued the "11 Zhonghe Bond" with a total amount of 1.36 billion RMB, maturing on November 17, 2018, with a fixed annual interest rate of 6.85%[87]. - The company repaid 220 million RMB of bank loans using the funds raised from the bond issuance, which were primarily used to supplement working capital and repay debts[89]. Research and Development - Research and development expenditure increased by 150.54% to 68 million RMB, reflecting the company's commitment to innovation[32]. - The company is increasing R&D investment to drive technological innovation and enhance marketing strategies to improve competitiveness[46]. - The company is developing new aluminum-based materials, including graphene aluminum alloy, but faces risks due to a lack of experience and talent in this area[48]. Environmental and Regulatory Compliance - The company was listed as a key monitoring enterprise by the Environmental Protection Department, with a reported annual sulfur dioxide emission of 280.5 tons and nitrogen oxides emission of 495 tons[64]. - The company has invested in pollution control measures, including a selective catalytic reduction (SCR) system to significantly reduce nitrogen oxides emissions[65]. - The company completed a low-emission transformation project for its 2*150MW cogeneration units, which passed environmental acceptance in December 2017[65]. - The company has implemented a self-monitoring plan for environmental pollutants, complying with national and local environmental requirements[68]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period was 65,016[76]. - The largest shareholder, TBEA Co., Ltd., held 28.14% of shares, totaling 234,565,399 shares[78]. - The company granted 28,208,400 restricted stocks to 213 incentive objects, completed registration on July 19, 2018[56]. - The total equity attributable to the parent company at the end of the reporting period was CNY 833,593,634.00, an increase from the previous period[121]. - The total equity at the end of the reporting period increased to CNY 3,545,513,116.97, reflecting a growth in capital reserves and retained earnings[124]. Risk Management - The company faces industry competition risks, particularly in the aluminum electrolytic capacitor foil market, which may lead to a decline in market share[46]. - The company is exposed to market price risks, particularly in aluminum products, which could significantly impact profitability if aluminum prices decline[47]. - The company has committed to locking in alumina procurement prices to mitigate raw material cost fluctuations[47]. Accounting and Financial Reporting - The company identified a significant accounting error in Q1 2018, resulting in an overstatement of revenue and cost by ¥666,616,014.89, which did not affect net profit or total assets[71]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[139]. - The company’s financial statements are prepared based on the going concern principle, ensuring sufficient operating funds for at least 12 months[138]. - The company recognizes impairment losses for available-for-sale financial assets when the fair value declines significantly, defined as a drop exceeding 50% or a continuous decline over 12 months[163]. Cash Flow Management - The net cash flow from operating activities increased to ¥404,896,131.28 from a negative ¥306,382,809.89 in the previous period, representing a significant turnaround[114]. - Cash inflows from operating activities totaled ¥3,427,083,515.62, up from ¥2,157,026,789.22, indicating a growth of approximately 59%[114]. - Cash outflows from operating activities rose to ¥3,022,187,384.34 from ¥2,463,409,599.11, reflecting an increase of about 23%[114]. - The total cash and cash equivalents at the end of the period reached ¥1,900,011,513.85, up from ¥1,181,981,280.74, indicating a growth of about 61%[115].

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Statement on Truthfulness, Accuracy, and Completeness of the Report](index=3&type=section&id=1.1%20The%20Company's%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Guarantee%20the%20Truthfulness%2C%20Accuracy%2C%20and%20Completeness%20of%20the%20Quarterly%20Report%20Content) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume corresponding legal liabilities; all directors attended the board meeting to review this report, which remains unaudited - The company's management guarantees the truthfulness, accuracy, and completeness of this quarterly report and assumes individual and joint legal liabilities[7](index=7&type=chunk) - The company's principal officer, head of accounting, and head of the accounting department all guarantee the truthfulness, accuracy, and completeness of the financial statements[7](index=7&type=chunk) - This company's Q1 2018 report is unaudited[7](index=7&type=chunk) [Company Basic Information](index=3&type=section&id=Item%20II.%20Company%20Basic%20Information) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2018, the company achieved **1.097 billion Yuan** in operating revenue, a **14.72% year-on-year increase**, with net profit attributable to listed company shareholders reaching **45.04 million Yuan**, up **32.49%**, and operating cash flow turning positive to **184.18 million Yuan**, indicating significant financial improvement, while total assets grew **3.97%** from the end of the previous year Key Financial Data for Q1 2018 | Indicator | Current Period | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 1,097,145,314.30 | 956,397,914.23 | 14.72% | | Net Profit Attributable to Listed Company Shareholders (Yuan) | 45,041,127.81 | 33,996,072.00 | 32.49% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) (Yuan) | 39,761,417.57 | 27,985,731.35 | 42.08% | | Net Cash Flow from Operating Activities (Yuan) | 184,179,751.32 | -840,577,988.28 | N/A | | Basic Earnings Per Share (Yuan/share) | 0.0540 | 0.0408 | 32.35% | | Weighted Average Return on Net Assets (%) | 1.3738% | 1.0387% | Increased by 0.3351 percentage points | Non-recurring Gains and Losses for Q1 2018 | Item | Current Period Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 255,564.40 | - | | Government Grants Recognized in Current Profit/Loss | 4,998,487.60 | Primarily due to asset-related government grants received in prior periods recognized as non-operating income in the current period | | Gains/Losses from Debt Restructuring | 152,187.37 | - | | Net Other Non-operating Income and Expenses | -147,422.92 | - | | **Total** | **5,279,710.24** | - | [Shareholder Holdings](index=4&type=section&id=2.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Circulating%20Shareholders%20(or%20Non-restricted%20Shareholders)%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the end of the reporting period, the company had **71,439 shareholders**, with TBEA Co., Ltd. as the largest shareholder holding **28.14%** of shares, and the top ten shareholders' holdings remained stable with no pledges or freezes, noting an associated relationship between TBEA and Xinjiang Honglian Venture Capital Co., Ltd - As of the end of the reporting period, the company had a total of **71,439 shareholders**[11](index=11&type=chunk) Top Ten Shareholder Holdings | Shareholder Name | Number of Shares Held | Holding Percentage (%) | | :--- | :--- | :--- | | TBEA Co., Ltd. | 234,565,399 | 28.14 | | Yunnan Bowin Technology Industrial Co., Ltd. | 71,806,365 | 8.61 | | Xinjiang Kaidi Investment Co., Ltd. | 10,140,000 | 1.22 | | Xinjiang Honglian Venture Capital Co., Ltd. | 7,366,020 | 0.88 | | Song Wen | 4,677,460 | 0.56 | | Gu Anqi | 3,744,000 | 0.45 | | Wang Yuhui | 3,623,200 | 0.43 | | Zhang Xiaoling | 2,775,950 | 0.33 | | Zhai Yubao | 1,950,000 | 0.23 | | Gu Yongfei | 1,922,000 | 0.23 | - The largest shareholder, TBEA Co., Ltd., has an associated relationship with Xinjiang Honglian Venture Capital Co., Ltd., but no associated relationship or concerted action with other top ten shareholders[12](index=12&type=chunk) [Significant Matters](index=5&type=section&id=Item%20III.%20Significant%20Matters) [Analysis of Significant Changes in Key Financial Indicators](index=5&type=section&id=3.1%20Circumstances%20and%20Reasons%20for%20Significant%20Changes%20in%20the%20Company's%20Major%20Accounting%20Statement%20Items%20and%20Financial%20Indicators) During the reporting period, several of the company's financial items experienced significant changes, with accounts receivable increasing **72.67%** due to higher sales and long-term borrowings rising **90.38%** from new loans, while operating revenue and profit grew **14.72%** and **64.27%** respectively due to increased main product sales, and operating cash flow significantly improved from **-840.58 million Yuan** to **184.18 million Yuan** primarily due to increased sales collections and futures margin reversals Major Balance Sheet Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Accounts Receivable | 72.67 | Primarily due to increased sales activities | | Other Receivables | -53.82 | Primarily due to recovery of business deposits in the current period | | Other Current Assets | -70.06 | Primarily due to reversal of some futures account margins in the current period | | Notes Payable | -49.46 | Primarily due to commercial bills maturing and accepted in the current period | | Interest Payable | 92.13 | Primarily due to accrued loan interest not yet due for payment in the current period | | Long-term Borrowings | 90.38 | Primarily due to new long-term loans added in the current period | Major Income Statement Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Operating Revenue | 14.72 | Primarily due to increased sales revenue from the company's main products such as electrode foil and electronic aluminum foil in the current period | | Operating Profit | 64.27 | Primarily due to increased sales revenue from the company's main products such as electrode foil and electronic aluminum foil in the current period | | Total Comprehensive Income | 48.89 | Primarily due to increased sales revenue from the company's main products such as electrode foil and electronic aluminum foil in the current period | Major Cash Flow Statement Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 167.67 | Primarily due to increased sales activities and corresponding increase in collections in the current period | | Tax Refunds Received | 629.94 | Primarily due to increased export tax rebates obtained | | Net Cash Flow from Operating Activities | N/A | Primarily due to increased sales activities and recovery of futures company margins in the current period | | Cash Paid for Investments | 1635.42 | Primarily due to investment in Chengdu Fujiang Machinery Manufacturing Co., Ltd. in the current period | | Cash Received from Borrowings | 364.76 | Primarily due to increased long-term borrowings in the current period | [Other Significant Matters Explanation](index=7&type=section&id=3.2%20Analysis%20and%20Explanation%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) During the reporting period, the company had no significant matters requiring explanation, no overdue unfulfilled commitments, and did not issue any profit warnings, expecting cumulative net profit from the beginning of the year to the end of the next reporting period not to be a loss or significantly change compared to the prior year - There were no significant matters, their progress, impact, or solutions requiring analysis or explanation during the reporting period[19](index=19&type=chunk) - There were no overdue unfulfilled commitments during the reporting period[18](index=18&type=chunk) - The company did not forecast that cumulative net profit from the beginning of the year to the end of the next reporting period would be a loss or significantly change compared to the prior year[20](index=20&type=chunk) [Appendix: Financial Statements](index=9&type=section&id=Item%20IV.%20Appendix) [Financial Statements (Unaudited)](index=9&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's consolidated and parent company balance sheets as of March 31, 2018, and consolidated and parent company income statements and cash flow statements for Q1 2018, all of which are unaudited [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2018, the company's total assets were **10.54 billion Yuan**, a **3.97%** increase from the beginning of the year, total liabilities were **7.01 billion Yuan**, up **4.81%** primarily due to increased long-term borrowings, and total equity attributable to the parent company was **3.47 billion Yuan**, a **1.95%** increase Consolidated Balance Sheet Summary (March 31, 2018) | Item | Period-end Balance (Yuan) | Year-start Balance (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 10,537,762,068.07 | 10,135,483,410.49 | 3.97% | | Total Liabilities | 7,012,987,243.73 | 6,691,150,731.66 | 4.81% | | Total Equity Attributable to Parent Company Owners | 3,465,367,140.41 | 3,398,969,986.00 | 1.95% | [Parent Company Balance Sheet](index=11&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2018, the parent company's total assets were **9.97 billion Yuan**, a **4.80%** increase from the beginning of the year, total liabilities were **6.59 billion Yuan**, up **6.39%**, and total owner's equity was **3.38 billion Yuan**, a **1.82%** increase Parent Company Balance Sheet Summary (March 31, 2018) | Item | Period-end Balance (Yuan) | Year-start Balance (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 9,973,252,963.57 | 9,516,858,437.13 | 4.80% | | Total Liabilities | 6,593,122,378.13 | 6,197,297,826.66 | 6.39% | | Total Owner's Equity | 3,380,130,585.44 | 3,319,560,610.47 | 1.82% | [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) In Q1 2018, the company achieved total operating revenue of **1.097 billion Yuan**, a **14.72%** year-on-year increase, with total profit reaching **48.02 million Yuan**, up **36.77%**, and net profit attributable to parent company shareholders at **45.04 million Yuan**, a **32.49%** increase, resulting in basic earnings per share of **0.0540 Yuan** Consolidated Income Statement Summary (Q1 2018) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,097,145,314.30 | 956,397,914.23 | 14.72% | | Operating Profit | 47,757,361.71 | 29,071,599.32 | 64.27% | | Total Profit | 48,024,346.34 | 35,113,993.85 | 36.77% | | Net Profit Attributable to Parent Company Shareholders | 45,041,127.81 | 33,996,072.00 | 32.49% | | Basic Earnings Per Share (Yuan/share) | 0.0540 | 0.0408 | 32.35% | [Parent Company Income Statement](index=15&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2018, the parent company achieved operating revenue of **1.006 billion Yuan**, a **22.59%** year-on-year increase, with net profit reaching **39.32 million Yuan**, up **32.75%** Parent Company Income Statement Summary (Q1 2018) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,006,194,823.32 | 820,789,494.55 | 22.59% | | Operating Profit | 38,955,135.38 | 23,644,897.56 | 64.75% | | Net Profit | 39,317,792.20 | 29,618,560.03 | 32.75% | [Consolidated Cash Flow Statement](index=16&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2018, net cash flow from operating activities was **184.18 million Yuan**, a significant reversal from **-840.58 million Yuan** in the prior year, while net cash outflow from investing activities was **94.26 million Yuan** primarily due to external investments, and net cash inflow from financing activities was **337.34 million Yuan** mainly from new borrowings, leading to a **425.18 million Yuan** increase in cash and cash equivalents at period-end Consolidated Cash Flow Statement Summary (Q1 2018) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 184,179,751.32 | -840,577,988.28 | | Net Cash Flow from Investing Activities | -94,257,271.04 | -14,001,182.06 | | Net Cash Flow from Financing Activities | 337,340,785.04 | 44,502,823.10 | | Net Increase in Cash and Cash Equivalents | 425,181,298.88 | -812,889,076.05 | [Parent Company Cash Flow Statement](index=18&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2018, the parent company's net cash flow from operating activities was **197.67 million Yuan**, a significant improvement from **-391.32 million Yuan** in the prior year, with net cash outflow from investing activities at **85.90 million Yuan** and net cash inflow from financing activities at **328.85 million Yuan** Parent Company Cash Flow Statement Summary (Q1 2018) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 197,673,954.17 | -391,317,339.54 | | Net Cash Flow from Investing Activities | -85,904,257.54 | -10,990,420.74 | | Net Cash Flow from Financing Activities | 328,847,760.69 | 44,989,182.28 | | Net Increase in Cash and Cash Equivalents | 438,492,009.25 | -360,131,306.81 |

Financial Performance - In 2017, the company achieved a net profit of CNY 120,601,332.14, a significant increase of 206.97% compared to CNY 39,288,234.99 in 2016[19] - The total operating revenue for 2017 was CNY 6,006,120,283.08, representing an 8.28% increase from CNY 5,546,881,061.27 in 2016[19] - Basic earnings per share rose to CNY 0.1447, up 207.22% from CNY 0.0471 in 2016[21] - The net profit attributable to the parent company was 12,060.13 million RMB, with a significant year-on-year increase of 206.97%[43] - The company achieved operating revenue of 600,612.03 million RMB, representing a year-on-year growth of 8.28%[43] - The total comprehensive income for the current period was ¥118,303,311.85, significantly higher than ¥39,042,531.59 in the previous period[184] Cash Flow and Investments - The company's cash flow from operating activities increased by 245.34%, reaching CNY 192,228,567.19, compared to CNY 55,663,619.99 in the previous year[19] - The company reported a net cash outflow from investment activities of -44,524.01 million RMB, which was a deterioration from -22,225.25 million RMB in the previous year[59] - The ending balance of cash and cash equivalents was CNY 1,230,305,264.82, down from CNY 1,505,966,714.05 at the beginning of the year[191] - Cash inflow from financing activities amounted to CNY 2,354,114,379.08, compared to CNY 1,893,307,750.03 in the previous year, marking an increase of approximately 24.3%[191] Operational Efficiency - The company's total assets at the end of 2017 were CNY 10,135,483,410.49, a 4.51% increase from CNY 9,697,822,789.37 in 2016[19] - The company strengthened internal coordination within the industrial chain, maximizing production capacity and reducing costs[38] - The company focused on quality and process control, achieving improvements in quality control levels and key quality indicators[39] - The company implemented a systematic management mechanism to enhance environmental compliance and was recognized as a green factory demonstration enterprise[42] Research and Development - Research and development expenses amounted to 32,761.33 million RMB, reflecting a growth of 33.08% year-on-year[45] - The company has invested in the development of graphene aluminum alloy wire rods and is promoting their industrial application[36] - The company established a "four-way linkage" mechanism to improve research direction accuracy and enhance the application of technological achievements[40] Market and Product Development - The global aluminum electrolytic capacitor market is expected to reach approximately $6.09 billion in 2017, with continued growth projected from 2018 to 2021[32] - The company achieved significant revenue growth in major products such as electrode foil and alloy products, driven by technological innovation and improved quality management[35] - The company plans to enhance its core advantages in innovation and aims to strengthen its position in the electronic new materials industry[71] Shareholder and Equity Information - The proposed cash dividend is CNY 0.5 per 10 shares, totaling CNY 41,679,681.70, with an ending undistributed profit of CNY 428,429,523.41[5] - The total number of ordinary shares increased from 641,225,872 to 833,593,634, representing a 30% increase due to the capital reserve conversion of 192,367,762 shares[110] - The largest shareholder, TBEA Co., Ltd., increased its holdings by 54,130,477 shares, holding a total of 234,565,399 shares, which is 28.14% of the total[115] Risk Management - The company plans to strengthen its risk management capabilities to ensure long-term sustainable development amidst complex economic conditions[78] - The company faces competition risks in the aluminum electrolytic capacitor market, which may lead to a decline in market share[79] - The company is exposed to market price risks for aluminum products, which could adversely affect profitability if prices decline[79] Corporate Governance - The company has appointed Zhongshunhua Accounting Firm as its financial audit and internal control audit institution for the fiscal year 2017, with an audit fee of RMB 45,000[90] - The company reported no significant litigation or arbitration matters during the fiscal year[91] - The company strictly adheres to laws and regulations, ensuring effective corporate governance and protecting shareholder rights[137] Employee and Management Information - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 8.2068 million yuan[129] - The company has a diverse workforce with 940 technical personnel and 259 sales personnel[132] - The company has implemented a salary policy that links remuneration to job value assessment and performance indicators[133]

600888 新疆众和股份有限公司 2017 年第三季度报告 公司代码：600888 公司简称：新疆众和 新疆众和股份有限公司 600888 2017 年第三季度报告 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 | 9 | 600888 新疆众和股份有限公司 2017 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 20 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 9,797,607,468.48 9,697,822,789.37 1.03 归属于上市公司 股东的净资产 3,324,975,798.89 3,256,020,466.72 2.12 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 -754,377,513.84 -740,195,101.81 不适用 年初至报告期末 （1-9 月） 上年初至上年报告期末 （ ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 2,332,315,026.14, a decrease of 32.79% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 71,989,198.69, an increase of 253.90% year-on-year[17]. - The basic earnings per share for the first half of 2017 was CNY 0.0864, representing a 254.10% increase compared to the same period last year[18]. - The total operating revenue for the reporting period was CNY 3,470 million, a decrease of 32.79% year-on-year, primarily due to a reduction in trade business[30][35]. - The net profit attributable to shareholders was CNY 71.99 million, reflecting a substantial year-on-year increase of 253.90%[30][35]. - The company's gross margin for the electronic new materials sector was 21.6%, an increase of 5.3 percentage points compared to the previous year[29]. - The company reported a significant increase of 307.72% in taxes payable, reaching approximately ¥28.68 million, due to increased VAT from the electronic new materials business[40]. - The company reported a net profit for the first half of 2017 reached CNY 50,441,510.11, a significant increase from CNY 5,892,935.48 in the same period last year, representing a growth of approximately 754.5%[104]. - The total comprehensive income for the period was CNY 49,323,471.11, compared to CNY 5,711,171.48 in the previous year, reflecting a substantial increase[104]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -306,382,809.89, compared to CNY -193,669,472.13 in the same period last year[17]. - The company reported a net cash outflow from operating activities of CNY 306.38 million, a significant decline compared to the previous year[33]. - Cash flow from financing activities generated a net inflow of -2,713,740.02 RMB, compared to a significant inflow of 372,393,760.52 RMB in the previous period, reflecting changes in financing strategies[111]. - The company reported a net decrease in cash and cash equivalents of -14,666,475.59 RMB, an improvement from -95,619,236.87 RMB in the previous period, suggesting better liquidity management[111]. - The cash balance at the end of the period was 881,040,514.59 RMB, down from 1,028,105,721.58 RMB in the previous period, indicating a need for careful cash flow monitoring[111]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,231,115,732.06, a decrease of 2.73% from the end of the previous year[17]. - The company's total assets amounted to approximately ¥9.23 billion, with current assets at ¥4.03 billion and non-current assets at ¥5.20 billion[41]. - Total liabilities decreased from CNY 6,415,237,643.43 to CNY 5,880,507,761.04, a reduction of about 8.3%[96]. - The company's total liabilities increased, with borrowings received amounting to 862,466,431.93 RMB, up from 815,298,544.44 RMB in the previous period, highlighting increased leverage[111]. - The company's capital reserve decreased from CNY 1,980,997,551.15 to CNY 1,792,655,134.41, a decline of approximately 9.5%[96]. Shareholder Information - The total number of shareholders reached 67,309 by the end of the reporting period[69]. - The largest shareholder, TBEA Co., Ltd., increased its holdings by 54,130,477 shares, holding a total of 234,565,399 shares, representing 28.14% of the total[71]. - The company approved a capital reserve increase of 192,367,762 shares, raising the total share capital from 641,225,872 to 833,593,634 shares[67]. - The increase in shares was due to a capital reserve transfer, impacting the earnings per share and net asset per share metrics[68]. Market and Operational Insights - The company is one of the earliest enterprises in China engaged in the research and development of aluminum electronic new materials, with the largest high-purity aluminum production base globally[22]. - The company primarily sells high-purity aluminum, electronic aluminum foil, and electrode foil, which are used in aerospace, electronics, and transportation sectors[22]. - The company has established stable supply channels for raw materials and maintains long-term partnerships with major suppliers[23]. - The sales model is primarily direct sales, focusing on the domestic market while also developing international markets[23]. - The company is facing market risks due to economic downturns, with a focus on increasing market share and adjusting product structure to enhance profitability[47]. Research and Development - Research and development expenses decreased by 79.05% to CNY 27.14 million, driven by adjustments based on market and production conditions[33]. - The company is currently working on a low-emission project expected to be completed by the end of 2017, aimed at further reducing pollutant emissions[61]. Environmental and Regulatory Compliance - The company has implemented environmental upgrades for its 2*150MW cogeneration units, ensuring all pollutants are within government-set limits, with no environmental pollution incidents reported during the period[61]. - The company has no significant assets under restriction, with total assets free from pledges or other encumbrances[41]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern for at least 12 months from the approval date[129]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[130]. - The company has not disclosed any significant changes in accounting policies or major accounting errors during the reporting period[62]. - The company recognizes investment income from interest or cash dividends during the holding period of financial instruments, with fair value changes recorded in the current profit or loss[153].