Financial Performance - In 2020, the company achieved operating revenue of CNY 5,717,109,694.39, representing a year-on-year increase of 20.42% compared to CNY 4,747,800,917.29 in 2019[20] - The net profit attributable to shareholders of the listed company for 2020 was CNY 351,089,370.45, a significant increase of 149.82% from CNY 140,536,441.27 in 2019[20] - The net cash flow from operating activities reached CNY 306,973,034.43, up 50.93% from CNY 203,392,375.98 in the previous year[20] - Basic earnings per share increased by 128.48% to CNY 0.3466 in 2020 compared to CNY 0.1517 in 2019[22] - The weighted average return on equity rose by 4.1013 percentage points to 7.6065% in 2020 from 3.5052% in 2019[22] - The company achieved a revenue of 5.717 billion RMB in 2020, representing a year-on-year growth of 20.42%[41] - The net profit attributable to shareholders reached 351 million RMB, marking a significant increase of 149.82% compared to the previous year[43] - The net cash flow from operating activities increased by 50.93% to 306.973 million RMB, primarily due to the recovery of deposits and VAT refunds[43] Assets and Liabilities - The total assets of the company at the end of 2020 were CNY 11,700,453,905.94, showing a slight increase of 0.01% compared to CNY 11,699,886,742.66 at the end of 2019[20] - The total liabilities decreased from CNY 3,000,000,000 in 2019 to CNY 2,800,000,000 in 2020, reflecting a reduction of about 6.7%[200] - The company’s total equity increased from CNY 2,000,000,000 in 2019 to CNY 2,300,000,000 in 2020, representing a growth of approximately 15%[200] - By the end of the reporting period, total assets increased slightly to CNY 11.701 billion, while total liabilities decreased to CNY 6.809 billion, leading to a reduced debt-to-asset ratio of 58.19%[133] Dividends and Profit Distribution - The company distributed a cash dividend of CNY 112,717,594.00, which accounted for 32.11% of the net profit attributable to shareholders for the year[6] - The company plans no further profit distribution for the 2020 fiscal year, considering its operational and project funding needs[6] - The company is committed to achieving a sustainable and stable profit distribution policy, with a focus on shareholder returns[85] Market and Product Development - The company’s main products include high-purity aluminum and electronic aluminum foil, which are essential for various electronic and aerospace applications[29] - The aluminum electrolytic capacitor foil market is expected to grow due to increased demand in consumer electronics and new energy sectors[31] - Future market opportunities exist for high-performance aluminum alloys due to domestic demand for deep processing products[31] - The company has developed a new 5N high-purity aluminum technology, enhancing its product offerings and competitiveness in the market[41] - The company is focusing on the development of new materials for the aerospace and defense sectors, responding to increasing demand for high-performance aluminum alloys[75] Research and Development - Research and development expenses amounted to 33,089.24 million yuan, representing 5.79% of total operating income[59] - The company is increasing its investment in R&D to mitigate risks associated with commodity price fluctuations and enhance the proportion of high-value-added products[82] - The company emphasizes the importance of technological innovation and plans to accelerate the R&D and mass production of new products[77] Corporate Governance and Compliance - The company has maintained compliance with decision-making procedures regarding external guarantees[8] - The company has no significant litigation or arbitration matters in the current year[96] - The company has maintained a good integrity status, complying with national laws and regulations, with no overdue debts or unfulfilled court judgments[96] - The audit report provided a standard unqualified opinion on the financial statements, indicating compliance with accounting standards[187] Social Responsibility and Community Engagement - The company invested over 2 million RMB in renovating the living conditions of 54 impoverished households, including repairing walls and building bridges[112] - A total of 120 million RMB was allocated for consumption poverty alleviation activities, benefiting local cooperatives and increasing farmers' income[112] - The company helped 340 registered impoverished individuals achieve poverty alleviation during the reporting period[113] Environmental Impact - The company reported a total of 231 tons of sulfur dioxide emissions and 330 tons of nitrogen oxides as part of its environmental monitoring[118] - The company has implemented a selective catalytic reduction (SCR) process to significantly reduce nitrogen oxide emissions since 2014[119] - The company’s self-owned power plant achieved a clean production level of Class I and passed the production audit[122]

Financial Performance - Net profit attributable to shareholders of the listed company was ¥240,484,519.91, representing an increase of 85.90% year-on-year[16]. - Operating income for the first nine months was ¥3,892,964,345.53, up 11.87% from ¥3,480,043,410.48 in the same period last year[16]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which reached ¥233,552,095.81, up 234.22% year-on-year[16]. - Total profit increased by 86.50% to ¥243,819,725.48, driven by enhanced market expansion and product optimization[25]. - Net profit grew by 86.78% to ¥242,323,359.68, supported by increased revenue from electrode foil products[25]. - Basic earnings per share increased to ¥0.2374, a rise of 64.75% compared to ¥0.1441 in the same period last year[18]. - Total operating revenue for Q3 2020 reached ¥1,545,467,308.94, a 22.9% increase from ¥1,257,099,037.14 in Q3 2019[40]. - Net profit for Q3 2020 was ¥106,869,607.33, up from ¥38,628,654.42 in Q3 2019, representing a 176.5% increase[41]. - The company reported a total profit of ¥108,471,473.86 for Q3 2020, compared to ¥40,471,452.31 in Q3 2019, a 168% increase[41]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥171,190,753.15, a significant recovery from a negative cash flow of ¥89,780,032.86 in the previous year[16]. - Cash flow from operating activities increased by 89.54% to ¥495,086,214.11, attributed to the recovery of futures margin and increased government subsidies[25]. - The cash flow from operating activities for the first three quarters of 2020 was CNY 3,828,005,226.07, down from CNY 4,117,028,945.31 in the same period of 2019[44]. - Total cash inflow from operating activities was 4,365,429,746.02, while cash outflow was 4,194,238,992.87, resulting in a net inflow[47]. - Cash inflow from financing activities totaled 2,812,845,670.20, down from 3,665,132,637.34 in the previous year[48]. - The net cash flow from financing activities was -167,676,152.54, contrasting with a positive inflow of 1,129,491,928.96 in the same period last year[48]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥12,256,152,186.11, an increase of 4.75% compared to the end of the previous year[16]. - Total liabilities amounted to CNY 7,475,820,731.35, compared to CNY 7,159,007,286.39, marking an increase of approximately 4.43%[34]. - Current liabilities decreased to CNY 4,260,285,155.63 from CNY 4,689,340,040.11, a reduction of approximately 9.14%[34]. - Long-term borrowings increased by 33.46% to ¥2,870,507,000.00 due to adjustments in loan structure[24]. - Owner's equity reached CNY 4,780,331,454.76, up from CNY 4,540,879,456.27, reflecting a growth of about 5.27%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 56,624[20]. - The largest shareholder, Tebian Electric Apparatus Stock Co., Ltd., held 319,081,770 shares, accounting for 31.14% of the total shares[20]. Research and Development - Research and development expenses for Q3 2020 were ¥10,792,223.89, a 12.4% increase from ¥9,599,614.39 in Q3 2019[40]. - Research and development expenses for Q3 2020 were CNY 10,789,823.89, a decrease of 23% from CNY 14,116,290.93 in Q3 2019[42].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,347,497,036.59, representing a 4.19% increase compared to CNY 2,253,100,843.42 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 134,260,198.30, a significant increase of 47.92% from CNY 90,766,359.06 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 105,247,199.43, which is a 109.73% increase compared to CNY 50,181,920.75 in the same period last year[19]. - The net cash flow from operating activities was CNY 144,354,184.41, up 18.29% from CNY 122,034,134.55 in the previous year[19]. - The basic earnings per share for the first half of 2020 was CNY 0.1326, representing a 21.76% increase from CNY 0.1089 in the same period last year[19]. - The diluted earnings per share also increased to CNY 0.1326, up 22.78% from CNY 0.108 in the previous year[19]. - The total profit for the first half of 2020 was CNY 135,348,251.62, up 50.00% from CNY 90,260,407.89 in the same period of 2019[118]. - The total comprehensive income for the first half of 2020 was CNY 113,334,437.50, compared to CNY 91,232,019.19 in the same period of 2019, indicating a growth of 24.25%[115]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,614,505,280.99, a decrease of 0.73% from CNY 11,699,886,742.66 at the end of the previous year[19]. - The total non-current assets reached CNY 6.18 billion, up from CNY 5.93 billion at the end of 2019, marking an increase of about 4.2%[106]. - The total liabilities decreased to CNY 6,677,035,190.64 from CNY 6,820,576,032.04, showing a reduction of about 2.1%[112]. - Non-current liabilities totaled CNY 2,688,456,822.69, an increase from CNY 2,469,667,246.28 year-over-year[108]. - Current liabilities decreased to CNY 4,299,479,071.89 from CNY 4,689,340,040.11, indicating improved liquidity[108]. Cash Flow - The company's cash and cash equivalents were reported at CNY 1.87 billion, down from CNY 2.07 billion at the end of 2019, indicating a decrease of approximately 9.9%[106]. - The net cash flow from financing activities was -277 million RMB, a decrease of 121.27% due to increased bank loan repayments[35]. - The ending balance of cash and cash equivalents was RMB 1,675,379,055.99, down from RMB 3,188,512,917.72 at the end of the previous year[125]. - The net increase in cash and cash equivalents was RMB -265,386,427.83, compared to an increase of RMB 1,268,600,693.94 in the previous year, indicating liquidity challenges[125]. Research and Development - The company reduced R&D expenses by 35.10%, amounting to 14 million RMB, in line with project progress control[36]. - Research and development expenses decreased to CNY 14,104,372.68 from CNY 21,732,524.13, reflecting a reduction of approximately 35.2%[112]. Market and Industry - The industry faces pressure due to slowing demand growth and intensified competition, but future trends in new technologies and electric vehicles are expected to drive demand for aluminum electrolytic capacitors[25]. - The company is focusing on expanding its market presence in aerospace and semiconductor sectors with new high-strength aluminum alloys[34]. Environmental and Social Responsibility - The company generated 52.1 tons of sulfur dioxide emissions in the first half of 2020, with a total annual limit of 231 tons[79]. - The company has implemented safety measures by purchasing 20 fire extinguishers and conducting safety inspections at cooperative production sites[76]. - The company has implemented various poverty alleviation projects, including courtyard renovations and cooperative expansions, in 20 targeted villages[72]. - The company donated over 400,000 to support poverty alleviation efforts during the COVID-19 pandemic[76]. Shareholder Information - The total number of shareholders at the end of the reporting period was 194,997,506, with 31.14% of shares held by the largest shareholder, TBEA Co., Ltd., amounting to 319,081,770 shares[93]. - The company’s total share capital decreased from 1,035,473,240 shares to 1,024,705,400 shares due to a reduction of 10,767,840 shares[89]. - The company has not made any capital increases or stock dividends during the half-year[52]. Related Party Transactions - The company reported a total of 8,682.04 million RMB in related party transactions for coal procurement, accounting for 71.20% of similar transaction amounts[63]. - The company engaged in related party transactions for industrial silicon and chemical raw materials totaling 2,017.73 million RMB, representing 34.87% of similar transaction amounts[63]. Audit and Compliance - The company has appointed Zhongzheng Huacai Accounting Firm for the 2019 and 2020 financial audits[55]. - There are no non-standard audit reports issued for the previous year's financial statements[57]. - The company and its major shareholders have maintained good integrity status, complying with national laws and regulations[57].

证券代码：600888 证券简称：新疆众和 公告编号：临 2020-031 号 新疆众和股份有限公司关于参加 2020 年新疆辖区 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 2020 年 6 月 24 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 2020 年新疆辖区上市公司投资者网上集体接待日活 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 2020 年 6 月 24 日（星期三）15:00—17:30。 出席本次集体接 ...

600888 新疆众和股份有限公司 2020 年第一季度报告 公司代码：600888 公司简称：新疆众和 新疆众和股份有限公司 600888 2020 年第一季度报告 1 / 20 600888 重要提示 . 一、 公司基本情况 二、 重要事项 . 11Í 四、 附录 . 新疆众和股份有限公司 2020 年第一季度报告 目录 2 / 20 600888 新疆众和股份有限公司 2020 年第一季度报告 单位：元币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人孙健、主管会计工作负责人陆旸及会计机构负责人（会计主管人员）马永生保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------| ...

Financial Performance - The company's operating revenue for 2019 was CNY 4,747,800,917.29, a decrease of 2.53% compared to CNY 4,870,971,684.44 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 140,536,441.27, down 22.52% from CNY 181,382,572.19 in the previous year[23] - The net cash flow from operating activities decreased by 62.70% to CNY 203,392,375.98 in 2019, compared to CNY 545,231,562.18 in 2018[23] - Basic earnings per share decreased by 30.28% to CNY 0.1517 in 2019 compared to CNY 0.2176 in 2018[25] - Diluted earnings per share also fell by 30.03% to CNY 0.1517 in 2019 from CNY 0.2168 in 2018[25] - The weighted average return on equity decreased by 1.6989 percentage points to 3.5052% in 2019 from 5.2041% in 2018[25] - The company reported a net profit of CNY 108,143,471.55 after deducting non-recurring gains and losses, which is a 2.29% increase from CNY 105,719,471.43 in 2018[23] - The company achieved operating revenue of CNY 4,747.80 million, a decrease of 2.53% year-on-year[47] - The net profit attributable to shareholders was CNY 140.54 million, down 22.52% compared to the previous year[47] - The net cash flow from operating activities was 203.39 million RMB, a decrease of 62.70% year-on-year[65] Assets and Liabilities - The total assets at the end of 2019 were CNY 11,699,886,742.66, an increase of 12.23% from CNY 10,424,942,452.23 at the end of 2018[24] - The net assets attributable to shareholders increased by 24.23% to CNY 4,445,788,988.06 at the end of 2019, compared to CNY 3,578,643,419.08 at the end of 2018[24] - The total liabilities rose from CNY 6.771 billion to CNY 7.159 billion, resulting in a decrease in the debt-to-asset ratio from 64.95% to 61.19%[154] - The company’s other receivables at the end of the reporting period amounted to 1.00 billion RMB, representing 0.86% of total assets[70] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares, totaling CNY 61,482,324.00, based on a total share capital of 1,024,705,400 shares[7] - In 2019, the company distributed 0.6 RMB per 10 shares, amounting to 61,482,324.00 RMB, representing 43.75% of the net profit attributable to shareholders[97] - The company has a commitment to stable shareholder returns, with a profit distribution plan in place for 2018-2020[96] Research and Development - Research and development expenses increased by 31.13% to CNY 48.24 million[49] - The company has accumulated nearly 100 patents and proprietary technologies, with core products supported by 12 software copyrights, enhancing its technological strength[36] - The company has established a "post-doctoral research workstation" and a "national-local joint engineering laboratory for aluminum electronic materials," indicating strong R&D capabilities[36] - The company plans to focus on R&D for electronic aluminum foil and electrode foil products, as well as high-purity aluminum for aerospace and semiconductor applications[62] Market and Sales - The sales model is primarily direct sales, focusing on domestic markets with some exports[33] - The company has actively expanded its market share by providing differentiated products and enhancing customer loyalty amid declining market demand[43] - The company aims to enhance its electronic new materials industry chain and increase market share in high-end aluminum products[83] Environmental and Social Responsibility - The company emitted 128.82 tons of sulfur dioxide, 220.27 tons of nitrogen oxides, and 20.20 tons of particulate matter, all below the government-approved limits[136] - The company has invested in a selective catalytic reduction (SCR) system to significantly reduce nitrogen oxide emissions from its 2*150MW cogeneration units[137] - The company has committed to various charitable activities, including donations of agricultural machinery and educational materials to improve the living conditions of villagers[133] - The company received the "2018 Annual Autonomous Region Poverty Alleviation Award - Dedication Award" for its efforts in poverty alleviation[132] Governance and Compliance - The company appointed Zhongshun Huanhua Accounting Firm as the financial audit institution for the 2019 fiscal year, after changing from Lixin Accounting Firm in 2018[107] - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2019, and its operating results for the year[200] - There were no significant deficiencies in internal controls reported during the period[197] - The independent directors did not raise any objections to the company's matters during the reporting period[194] Future Outlook and Strategy - The company plans to achieve a revenue of 5 billion RMB in 2020, with a cost control target of 4.15 billion RMB[84] - Future outlook remains positive, with strategic plans for market expansion and potential mergers and acquisitions being discussed[179] - The company is focusing on increasing the proportion of high-value-added products to improve overall profitability amidst market challenges[92]

Financial Performance - Operating income for the first nine months was CNY 3,480,043,410.48, a slight decrease of 0.19% year-on-year[17] - Net profit attributable to shareholders decreased by 13.02% to CNY 129,363,336.04 compared to the same period last year[17] - Basic earnings per share decreased by 19.23% to CNY 0.1441 compared to the same period last year[19] - Total operating revenue for Q3 2019 was CNY 1,257,099,037.14, an increase from CNY 1,190,097,724.81 in Q3 2018, representing a growth of approximately 5.6%[48] - Net profit for Q3 2019 was CNY 38,628,654.42, down from CNY 47,742,504.07 in Q3 2018, reflecting a decrease of approximately 19.4%[49] - Total comprehensive income for the first three quarters of 2019 reached CNY 139.49 million, a decrease of 6.4% compared to CNY 149.97 million in the same period of 2018[53] Assets and Liabilities - Total assets increased by 20.02% to CNY 12,511,962,804.51 compared to the end of the previous year[17] - The company’s total liabilities increased significantly, with accounts payable rising by 45.54% to CNY 703,164,611.76 from CNY 483,152,967.36, reflecting a higher proportion of settlement via notes[25] - The total liabilities reached CNY 7,962,537,468.69, up from CNY 6,771,280,450.99, which is an increase of approximately 17.6%[39] - Current liabilities rose to CNY 4,992,437,807.65 compared to CNY 4,180,606,855.16, reflecting an increase of approximately 19.4%[39] - Long-term borrowings increased to CNY 2,676,410,000.00 from CNY 2,238,655,000.00, marking a growth of about 19.6%[39] Cash Flow - Net cash flow from operating activities was negative at CNY -89,780,032.86, a decrease of 128.73% year-on-year[17] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 4,417,083,150.25, compared to CNY 5,356,568,301.23 in the same period of 2018, reflecting a decline of approximately 17.5%[57] - Net cash flow from operating activities for Q3 2019 was -CNY 89,780,032.86, a significant decrease from CNY 312,521,948.35 in Q3 2018[57] - Cash outflow from investing activities for the first three quarters of 2019 totaled CNY 297,591,712.17, compared to CNY 217,174,004.17 in the same period of 2018[57] - The net cash flow from investment activities was -290,939,968.86 CNY, compared to -204,869,586.60 CNY in the previous year, indicating a decline of approximately 42%[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 65,999[20] - The largest shareholder, TBEA Co., Ltd., held 30.80% of the shares[22] - The company reported a total equity of CNY 4,549,425,335.82, up from CNY 3,653,662,001.24, which is an increase of about 24.5%[39] Investments and Income - The company received government subsidies amounting to CNY 46,862,783.36 during the reporting period[19] - The company reported an investment income of CNY 26,639,877.00 for Q3 2019, compared to CNY 17,959,320.95 in Q3 2018, marking an increase of approximately 48.5%[49] - The company's investment income received in cash increased by 226.78% to CNY 18,009,237.60 from CNY 5,511,080.73, due to dividends received from its associate company[27] Operational Efficiency - The company reported a net cash flow from operating activities of -CNY 89,780,032.86, a decrease of 128.73% compared to CNY 312,521,948.35, attributed to increased payments for bulk material purchases and extended customer payment cycles[27] - The company executed a new financial instrument standard starting January 1, 2019, impacting the classification and measurement of financial assets[69] - The company has a total of CNY 261,899,762.83 in deferred revenue, indicating future revenue recognition[68]

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]