证券代码：603169 证券简称：兰石重装 兰州兰石重型装备股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------|------------------------------------------------------------| | | 2024 | 年 9 月 13 日 | | | □ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | 动类别 | ■ | 现场参观 □一对一沟通 | | | □ | 其他（请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | 华创证券：杨天翼、梁旭 | | | 时间 | 2024 年 9 月 13 | 日 | | 地点 | 兰石重装 | | | 上市公司 接待人员 | 董事会秘书武锐锐 | | | 投资者关系活 | 一、公司 | 2024 年半年度基本情况介绍 | | | | 董事会秘书介绍了公司 2024 年半年度业绩情况。 2024 年 ...

证券代码：603169 证券简称：兰石重装 公告编号：临 2024-069 关于部分募集资金专户注销的公告 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法律责任。 兰州兰石重型装备股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于核准兰州兰石重型装备股份有限公司非公 开发行股票的批复》（证监许可[2021]661 号）核准，兰州兰石重型装备股份有 限公司（以下简称"公司"）非公开发行人民币普通股（A 股）股票 254,789,272 股，发行价格为 5.22 元/股，募集资金总额 1,329,999,999.84 元，扣除发行费用后 募集资金净额为 1,299,632,755.93 元。上述募集资金已于 2021 年 12 月 10 日汇入 公司募集资金专项账户，大华会计师事务所（特殊普通合伙)对募集资金到位情 况进行了验证并出具大华验字[2021]第 000852 号《验资报告》。 二、募集资金存放和管理情况 为规范募集资金的管理和使用，保护投资者权益，公司依照《公司法》《证 券法》《上市公司监管指引第 2 号——上 ...

兰州兰石重型装备股份有限公司 关于中核科创基金完成工商注册登记的公告 兰州兰石重型装备股份有限公司（以下简称"公司"）第五届董事会第三十 次会议审议通过了《关于投资中核科创基金及其执行合伙企业成都兴核的议案》， 公司投资参股中核科创股权投资基金（四川）合伙企业（有限合伙）（以下简称 "中核科创基金"）的金额为 9,850.00 万元，持股比例为 9.85%；投资参股成都 兴核企业管理咨询合伙企业（有限合伙）（以下简称"成都兴核"）的金额为 107.10 万元，持股比例为 7.14%。详情见公司刊载于上海证券交易所网站 www.sse.com.cn 的《关于投资中核科创基金及其执行合伙企业成都兴核的公告》 （公告编号：临 2024-035）。 中核科创基金的执行合伙企业成都兴核已于 2024 年 7 月完成了工商注册登 记手续。近日，中核科创基金已完成工商注册登记手续，取得了由成都高新技术 产业开发区市场监督管理局颁发的中核科创基金《营业执照》，相关工商登记信 息如下： | 名称 | 中核科创股权投资基金(四川)合伙企业(有限合伙) | | --- | --- | | 统一社会信用代码 | 91510100MA ...

上海市锦天城（西安）律师事务所 关于兰州兰石重型装备股份有限公司 2024 年第四次临时股东大会的 法律意见书 地址：陕西省西安市丈八一路 10 号中铁西安中心 32 层 电话：029-89840840 传真：029-89840848 邮编：710065 网址：http://www.allbrightlaw.com 上海市锦天城（西安）律师事务所 法律意见书 2024 年第四次临时股东大会的 法律意见书 致：兰州兰石重型装备股份有限公司 上海市锦天城（西安）律师事务所 上海市锦天城（西安）律师事务所（以下简称"本所"）接受兰州兰石重型 装备股份有限公司（以下简称"公司"）委托，就公司召开 2024 年第四次临时 股东大会（以下简称"本次股东大会"）的有关事宜，根据《中华人民共和国证 券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东大会规则（2022 年修订）》（以下简称"《上市 公司股东大会规则》"）等法律、法规和规范性文件及《兰州兰石重型装备股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次股东大会的召集 和召开程序、会议召集人和出席会议人员 ...

证券代码：603169 证券简称：兰石重装 公告编号：临 2024-068 兰州兰石重型装备股份有限公司董事会 2024 年第四次临时股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 二、议案审议情况 一、会议召开和出席情况 (一)股东大会召开的时间：2024 年 9 月 9 日 (二)股东大会召开的地点：兰州市兰州新区黄河大道西段 528 号兰州兰石重 型装备股份有限公司六楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况 | 1．出席会议的股东和代理人人数 | 410 | | --- | --- | | 2．出席会议的股东所持有表决权的股份总数（股） | 625,057,854 | | 3．出席会议的股东所持有表决权股份数占公司有表决权股份总 | 47.8497 | | 数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等 本次股东大会采取现场投票和网络投票相结合的方式表决，会议由公司董事 会召集， ...

证券代码：603169 证券简称：兰石重装 公告编号：临 2024-067 兰州兰石重型装备股份有限公司 关于 2024 年第四次临时股东大会增加临时提案的公告 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法律责任。 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024 年第四次临时股东大会 2. 股东大会召开日期：2024 年 9 月 9 日 3. 股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 603169 | 兰石重装 | 2024/9/3 | 二、 增加临时提案的情况说明 2. 提案程序说明 公司已于 2024 年 8 月 23 日公告了《关于召开 2024 年第四次临时股东大会 的通知》（临 2024-063），直接和间接合计持有 46.09%股份的公司控股股东兰州 兰石集团有限公司，在 2024 年 8 月 28 日提出临时提案并书面提交股东大会召集 人。股东大会召集人按照《上市公司股东大会规则》有关规定，现予以公告。 3 ...

证券代码：603169 证券简称：兰石重装 公告编号：临 2024-066 兰州兰石重型装备股份有限公司 关于为控股股东向兴业银行兰州分行申请授信额度 提供担保暨关联交易的公告 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法律责任。 重要内容提示： 被担保人名称及是否为上市公司关联人：被担保人兰州兰石集团有限公 司（以下简称"兰石集团"），为兰州兰石重型装备股份有限公司（以下简称"本 公司"、"公司"或"兰石重装"）控股股东，系公司关联法人； 本次担保金额及已实际为其提供的担保余额：本次为控股股东兰石集团 向兴业银行兰州分行申请综合授信提供担保，担保额度不超过 25,000 万元。截 至本公告披露日，公司实际为兰石集团及其子公司提供担保余额为 25,000.00 万 元（不含本次）； 本次担保是否有反担保：是，由兰州兰石建设工程有限公司（以下简称 "兰石建设"）提供保证反担保； 对外担保逾期的累计数量：无； 特别风险提示：截至本公告披露日，被担保人兰石集团资产负债率超过 70%，敬请广大投资者注意相关风险。 一、担保情况概述 （一）本 ...

证券代码：603169 证券简称：兰石重装 2024 年 8 月 26 日 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □一对一沟通 □其他（请文字说明其他活动内容） 参与单位名称 中金公司：郭威秀、张琮翎、陈诗琦；宝盈基金：李巍宇；德 及人员姓名 邦基金：陈艳妮；东吴基金：刘浩宇；泓德基金：董肖俊；路 博迈基金：王寒；泰信基金：李其东；西部利得基金：温震 宇；中欧基金：刘寒冰；朱雀基金：许可；财通证券：郭琦； 华安证券：王君翔；浙商证券：范笑男；开源证券：熊亚威； 天风证券：厉泽昭、高鑫；中银资管：吴锦尧；中航信托：戴 佳敏；中国国际金融：王琳；长江养老保险：黄学军；长城财 富保险：胡纪元；彝川资管：朱宏达；循远资管：田超平；深 圳市协众投资：杨斌；深圳市东方马拉松投资：卜乐；深圳亘 泰投资：巩显峰；上海于翼资管：李杰夫；上海聚劲投资：何 柏廷；上海泾溪投资：柯伟；上海混沌道然资管：黎晓楠；上 海贵源投资：赖正健；上海东方证券资管：蒋蛟龙、秦绪文； 兰州兰石重型装备股份有限公司投资者关系活动记录表 1 平安资产：刘博；宁银理财：丁雨婷； ...

证券代码：603169 证券简称：兰石重装 公告编号：临 2024-064 兰州兰石重型装备股份有限公司 关于提前归还部分募集资金的公告 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。 一、使用闲置募集资金补充流动资金情况 2024 年 8 月 24 日 会议审议通过后，公司在 2023 年 12 月 26 日使用闲置募集资金 21,000.00 万元用于暂时性补充流动资金。 二、归还募集资金情况 公司已于 2024 年 6 月 27 日、8 月 15 日累计归还 5,500.00 万元至募集资金 专户，具体内容详见公司于 2024 年 6 月 28 日、8 月 16 日披露的《关于提前归 还部分募集资金的公告》（公告编号：临 2024-044、临 2024-057）。 2024 年 8 月 23 日，公司将前述用于暂时性补充流动资金的 13,500.00 万元 募集资金提前归还至募集资金专户，并及时将上述募集资金的归还情况告知保荐 机构华英证券有限责任公司及保荐代表人。 截至本公告日，公司已提前归还募集资金 19,00 ...

[Definitions](index=4&type=section&id=Section%20I.%20Definitions) [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II.%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Information](index=6&type=section&id=I.%20Company%20Information) This chapter provides basic corporate information for Lanzhou LS Heavy Equipment Co., Ltd. (referred to as 'LS Heavy Equipment'), including its Chinese and English names, legal representative, board secretary contact details, and registered and office addresses - The company's legal representative is **Guo Fuyong**[7](index=7&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue increased by 12.80% year-on-year, but net profit attributable to shareholders significantly decreased by 39.11%, primarily due to changes in product sales structure and intense competition in the traditional energy equipment market leading to a decline in gross profit margin, while net cash flow from operating activities also decreased by 18.75% Key Accounting Data for H1 2024 | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 2.492 billion yuan | 2.210 billion yuan | 12.80% | | **Net Profit Attributable to Shareholders of Listed Company** | 70 million yuan | 115 million yuan | -39.11% | | **Net Profit Attributable to Parent Company Excluding Non-recurring Items** | 58 million yuan | 96 million yuan | -39.06% | | **Net Cash Flow from Operating Activities** | 87 million yuan | 108 million yuan | -18.75% | | **Basic Earnings Per Share (Yuan/share)** | 0.0535 | 0.0879 | -39.14% | | **Weighted Average Return on Net Assets (%)** | 2.20% | 3.59% | Decreased by 1.39 percentage points | - The company stated that the **39.11% year-on-year decrease in net profit attributable to the parent company** was primarily due to changes in product sales structure and intense competition in the traditional energy equipment market, leading to a decline in the comprehensive gross profit margin of sales products[9](index=9&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=VIII.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **11.5381 million yuan**, primarily comprising government subsidies recognized in current profit or loss of **8.0853 million yuan** and reversal of impairment provisions for receivables subject to separate impairment testing of **2.92 million yuan** Non-recurring Gains and Losses Items for H1 2024 | Non-recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains or Losses from Disposal of Non-current Assets | -188,969.03 | | Government Subsidies Recognized in Current Profit or Loss | 8,085,333.08 | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 2,920,000.00 | | Net Other Non-operating Income and Expenses | 3,478,347.40 | | **Total** | **11,538,101.14** | [Management Discussion and Analysis](index=9&type=section&id=Section%20III.%20Management%20Discussion%20and%20Analysis) [Industry and Main Business Overview](index=9&type=section&id=I.%20Industry%20and%20Main%20Business%20Overview) The company specializes in the energy and chemical equipment industry, with businesses spanning equipment manufacturing, technical services, EPC general contracting, and new metal materials; traditional energy equipment demand benefited from energy security policies, while new energy equipment became a new growth point under the 'dual carbon' goals, with the company adopting a make-to-order customized business model and holding a leading market position and significant competitive advantages in various sub-segments [Industry Overview](index=9&type=section&id=(I)%20Basic%20Information%20of%20the%20Industry) [Main Business, Products, and Business Model](index=10&type=section&id=(II)%20Main%20Business%20Overview) [Product Market Position and Competitive Advantages](index=13&type=section&id=4.%20Product%20Market%20Position%20and%20Competitive%20Advantages) - The company's business is divided into four major segments: **equipment manufacturing, technical services, EPC general contracting, and new metal materials**[12](index=12&type=chunk) - The company's main business covers the R&D, design, manufacturing, service, and EPC general contracting of traditional energy and chemical equipment (refining, coal chemical), new energy equipment (nuclear, hydrogen, photovoltaic thermal, energy storage), industrial intelligent equipment, and energy-saving and environmental protection equipment, as well as the R&D, manufacturing, and sales of new metal materials[18](index=18&type=chunk) - The company operates on a **'make-to-order' model**, arranging design, procurement, and production based on customer orders, with product production cycles typically ranging from **3 to 12 months** and an average comprehensive order execution cycle of **6 to 18 months**[27](index=27&type=chunk)[32](index=32&type=chunk) [Performance Driving Factors](index=15&type=section&id=(III)%20Main%20Performance%20Driving%20Factors) Company performance growth is primarily driven by four factors: market, innovation, transformation, and management, with new orders increasing by 15.81% year-on-year, especially in EPC general contracting and international business, while innovation led to 475 million yuan in technology commercialization orders, and transformation efforts yielded positive results in new energy equipment and international market expansion New Orders in H1 2024 | Category | New Order Amount | YoY Growth | | :--- | :--- | :--- | | **Total** | 4.5 billion yuan | 15.81% | | EPC General Contracting | 1.592 billion yuan | 456% | | Industrial Intelligence | 307 million yuan | 17.61% | | International Business | 247 million yuan | 175% | - Innovation-driven: In the first half, **140 technological innovation projects** were advanced, resulting in **28 technology commercialization achievements** and **475 million yuan in commercialization orders**, with R&D investment totaling **64.6388 million yuan**[44](index=44&type=chunk) - Transformation-driven: The company has made positive progress in four directions: **new energy (nuclear, hydrogen, energy storage), green intelligent manufacturing, integrated supply chain services, and internationalization**[45](index=45&type=chunk)[46](index=46&type=chunk) [Analysis of Core Competencies](index=16&type=section&id=II.%20Analysis%20of%20Core%20Competencies%20During%20the%20Reporting%20Period) The company's core competencies include leading manufacturing capabilities with a 'five bases + mobile factory' layout, proactive industrial布局 in new energy sectors like nuclear, hydrogen, and storage, strong technological innovation with 1,306 technical professionals and 379 patents, comprehensive professional qualifications, unique integrated supply chain advantages, and a strong brand built over 70 years - The company has completed its **'five bases + mobile factory' capacity layout** in Lanzhou, Qingdao, Xinjiang, Jiayuguan, and Guangdong, with leading equipment manufacturing capabilities in China[48](index=48&type=chunk)[49](index=49&type=chunk) - In the new energy sector, the company has initially completed a **'nuclear-hydrogen-photovoltaic-storage' full industry chain layout**, with products covering upstream, midstream, and downstream nuclear energy, hydrogen 'production, storage, transportation, and utilization,' and key links in photovoltaic energy storage[50](index=50&type=chunk) - The company has **1,306 professional engineering technicians**, holds a cumulative total of **379 patents**, participated in the revision of **8 national standards** during the reporting period, and obtained **9 authorized invention patents**[51](index=51&type=chunk)[52](index=52&type=chunk) - The company is the **only domestic enterprise with full industry chain coverage**, simultaneously possessing front-end design institutes, core equipment manufacturing capabilities, raw material supply capabilities, and integrated EPC services[55](index=55&type=chunk) [Discussion and Analysis of Operations](index=19&type=section&id=III.%20Discussion%20and%20Analysis%20of%20Operations) In H1 2024, the company achieved a total industrial output value of **3.18 billion yuan**, up **40.77%**, and operating revenue of **2.492 billion yuan**, up **12.80%**, but net profit decreased by **39.11%** to **69.9117 million yuan**, while securing new orders of approximately **4.5 billion yuan**, an increase of **15.81%** Operating Performance in H1 2024 | Indicator | Amount | YoY Growth | | :--- | :--- | :--- | | Total Industrial Output Value | 3.18 billion yuan | 40.77% | | Operating Revenue | 2.492 billion yuan | 12.80% | | Net Profit | 69.9117 million yuan | -39.11% | | New Orders | approx. 4.5 billion yuan | 15.81% | - In the first half, **28 technology commercialization achievements** were made, with a commercialization value of **475 million yuan** and total R&D investment of **64.6388 million yuan**[60](index=60&type=chunk) - The company participated in establishing the **CNNC Science and Technology Innovation Fund** in collaboration with CNNC Group, aiming to strengthen its nuclear energy equipment business and accelerate its strategic transformation into new energy[61](index=61&type=chunk) [Analysis of Key Operating Conditions](index=21&type=section&id=IV.%20Key%20Operating%20Conditions%20During%20the%20Reporting%20Period) This chapter analyzes the financial status during the reporting period, showing increases in operating costs, selling, general, and administrative expenses, and financial expenses, while R&D expenses decreased by 26.84%; monetary funds and construction in progress significantly increased, while notes receivable and taxes payable decreased, with total restricted assets valued at approximately 873 million yuan [Main Business Analysis](index=21&type=section&id=(I)%20Main%20Business%20Analysis) During the reporting period, the company's operating revenue increased by 12.80%, but operating costs grew faster at 18.17%; selling, general, and financial expenses all increased by over 16%, while R&D expenses decreased by 26.84%; other income significantly increased by 155.29%, mainly due to VAT input tax deduction policies Analysis of Major Financial Statement Item Changes | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,492,440,954.05 | 2,209,707,216.92 | 12.80 | | Operating Cost | 2,165,594,669.80 | 1,832,595,413.64 | 18.17 | | Selling Expenses | 44,433,085.75 | 36,540,264.98 | 21.60 | | Administrative Expenses | 84,636,686.11 | 72,378,087.94 | 16.94 | | Financial Expenses | 75,035,332.84 | 64,185,062.96 | 16.90 | | R&D Expenses | 62,998,178.66 | 86,108,662.34 | -26.84 | | Other Income | 25,149,223.93 | 9,851,351.06 | 155.29 | [Analysis of Assets and Liabilities](index=21&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) As of the end of the reporting period, the company's total assets were **12.94 billion yuan**, a 3.21% increase from the end of the previous year; monetary funds increased by 37.79% due to higher payments received and borrowings, and construction in progress surged by 313.69% due to increased investment in the intelligent superalloy production line project, while long-term borrowings increased by 54.02% due to new acquisition loans Major Changes in Assets and Liabilities | Item Name | Current Period End Amount (Yuan) | Prior Period End Amount (Yuan) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,810,228,939.71 | 1,313,790,425.43 | 37.79 | Increased payments received and borrowings | | Notes Receivable | 76,615,992.27 | 217,194,306.77 | -64.72 | Notes matured and settled | | Construction in Progress | 33,383,056.89 | 8,069,523.45 | 313.69 | Increased investment in intelligent superalloy production line project | | Taxes Payable | 30,370,442.86 | 76,220,550.68 | -60.15 | Decreased VAT payable | | Long-term Borrowings | 1,624,732,000.00 | 1,054,900,000.00 | 54.02 | Increased acquisition loans | | Non-current Liabilities Due Within One Year | 336,693,681.39 | 497,059,917.49 | -32.26 | Repayment of long-term borrowings and long-term payables due within one year | - As of the end of the reporting period, the company's total book value of major restricted assets was **873 million yuan**, primarily including monetary funds, notes receivable, fixed assets, and intangible assets used for bank guarantees, bill pledges, and loan collateral[68](index=68&type=chunk) [Analysis of Major Holding and Joint Stock Companies](index=22&type=section&id=(VI)%20Analysis%20of%20Major%20Holding%20and%20Joint%20Stock%20Companies) During the reporting period, Qingdao Company, Heavy Industry Company, and Superalloy Company were the main contributors to operating revenue and net profit among the company's major holding subsidiaries, with Qingdao Company achieving **500.28 million yuan** in operating revenue and **18.4714 million yuan** in net profit, and Superalloy Company achieving **373.2115 million yuan** in operating revenue and **13.349 million yuan** in net profit, while Xinjiang Company incurred a small loss Operating Performance of Major Holding Subsidiaries (Unit: Million yuan) | Company Name | Total Assets at Period End | Net Assets at Period End | Operating Revenue | Net Profit | | :--- | :--- | :--- | :--- | :--- | | Qingdao Company | 1,104.1115 | 297.9000 | 500.2809 | 18.4714 | | Xinjiang Company | 753.4720 | 151.4073 | 62.8452 | -0.9526 | | Heavy Industry Company | 658.1523 | 187.3871 | 170.8301 | 13.2427 | | Heat Exchange Company | 890.2375 | 268.4128 | 226.7976 | 5.4962 | | Ruize Petrochemical | 341.3549 | 302.4195 | 24.7190 | 9.6570 | | Superalloy Company | 1,039.2978 | 618.9865 | 373.2115 | 13.3490 | [Other Disclosures](index=24&type=section&id=V.%20Other%20Disclosures) The company faces risks from macroeconomic fluctuations, intensified market competition, financial challenges, goodwill impairment, and operational management, with mitigation strategies including increased R&D, product value enhancement, optimized financing, accelerated cash turnover, strengthened accounts receivable collection, standardized integration of acquired entities, and continuous optimization of management systems - The company faces major risks including: - **Macroeconomic fluctuation risk**: A downturn in downstream industries may adversely affect the company's performance - **Intensified market competition risk**: In the long run, the company faces the risk of declining market share - **Financial risk**: Significant interest-bearing debt poses repayment risk; growing accounts receivable present bad debt risk - **Goodwill impairment risk**: As of the end of the reporting period, the company's goodwill was **263 million yuan**, and if acquired entities fail to meet expected earnings, it could adversely impact profit or loss - **Operational management risk**: Expanding business scale and scope demand higher management capabilities[72](index=72&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk) [Corporate Governance](index=26&type=section&id=Section%20IV.%20Corporate%20Governance) [Changes in Directors, Supervisors, and Senior Management](index=26&type=section&id=II.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the company experienced several significant changes in its senior management, with Zhang Pulin and Wu Xianghui resigning as Chairman and Vice Chairman, respectively, Guo Fuyong elected as the new Chairman and resigning as General Manager, and Che Shengwen appointed as Director and General Manager, alongside the departure of an independent director and a deputy general manager Major Changes in Directors, Supervisors, and Senior Management in H1 2024 | Name | Position Before Change | Position/Status After Change | | :--- | :--- | :--- | | Zhang Pulin | Chairman | Resigned | | Wu Xianghui | Vice Chairman | Resigned | | Guo Fuyong | General Manager | Chairman | | Che Shengwen | Deputy General Manager | Director, General Manager | [Environmental and Social Responsibility](index=29&type=section&id=Section%20V.%20Environmental%20and%20Social%20Responsibility) [Environmental Information](index=29&type=section&id=I.%20Environmental%20Information) During the reporting period, the company prioritized environmental protection, ensuring all wastewater, exhaust gas, and noise monitoring results met emission standards, legally disposing of **45.31 tons of hazardous waste** and **734.92 tons of general industrial solid waste**, and implementing energy-saving modifications to the Lanzhou base's 5 furnace to reduce carbon emissions and improve thermal efficiency - The company conducted **4 environmental monitoring sessions** and **1 radiation workplace environmental monitoring session**, with all results meeting standards[82](index=82&type=chunk) - To reduce carbon emissions, the company carried out energy-saving modifications on its **5 furnace**, resulting in flue gas emission temperatures below **150℃** and improved thermal efficiency after the upgrade[83](index=83&type=chunk) [Social Responsibility](index=29&type=section&id=II.%20Specific%20Work%20on%20Consolidating%20and%20Expanding%20Poverty%20Alleviation%20Achievements%20and%20Rural%20Revitalization) The company actively fulfills its social responsibilities by dispatching **8 village-based cadres** to participate in rural revitalization efforts, providing assistance through Party organization building, human settlement environment improvement, labor transfer, and developing characteristic industries, while also engaging in public welfare activities such as donating **500,000 yuan** to the Jishishan disaster area and organizing employee blood donations and tree planting - The company dispatched **8 village-based cadres**, facilitated the transfer of **218 laborers**, and developed characteristic planting industries such as **prickly ash and honeysuckle**[84](index=84&type=chunk)[85](index=85&type=chunk) - The company donated **500,000 yuan** to the Jishishan disaster area, and its subsidiary CNNC Jiahua donated **100,000 yuan** to the Jiayuguan City Education Development Foundation[85](index=85&type=chunk) [Significant Matters](index=31&type=section&id=Section%20VI.%20Significant%20Matters) [Major Litigation and Arbitration Matters](index=35&type=section&id=VII.%20Major%20Litigation%20and%20Arbitration%20Matters) During the reporting period, the company was involved in multiple major litigation and arbitration cases, primarily concerning sales and engineering contract disputes with counterparties such as Qinghua Energy, Inner Mongolia Qinghua, Shandong Kerui, Panjin Pengchili, and Lannengtou (Gansu) Energy Chemical, actively pursuing outstanding payments through legal channels, with some cases entering enforcement or bankruptcy liquidation, and partial recoveries made Overview of Selected Major Litigation and Arbitration Matters (Unit: Million yuan) | Counterparty | Litigation Type | Amount Involved | Progress | | :--- | :--- | :--- | :--- | | Lannengtou (Gansu) Energy Chemical | Litigation | 656.9302 | Awaiting Judgment | | Panjin Pengchili Petrochemical | Litigation | 164.2781 | Counterparty guarantor entered bankruptcy liquidation, company has filed claims | | Shanghai Qirui Energy Technology | Litigation | 120.3645 | First-instance judgment supported the company for 108 million yuan, defendant has appealed | | Shandong Guangyue Chemical | Litigation | 84.8149 | Entered enforcement stage | | Shandong Shenchi Petrochemical | Litigation | 69.2819 | Counterparty repaying in installments as per settlement agreement | | Shijiazhuang Changyou Bioenergy | Litigation | 71.5574 | 0.1707 million yuan recovered through enforcement | [Major Related Party Transactions](index=41&type=section&id=X.%20Major%20Related%20Party%20Transactions) During the reporting period, the company engaged in various daily related party transactions, with actual transactions totaling **259 million yuan** in H1 2024 (157 million yuan in purchases, 102 million yuan in sales), remaining within the annual estimated limit of **1.125 billion yuan**, and the EPC general contracting project for the controlling shareholder Lanzhou LS Group's green hydrogen production, storage, and utilization integrated pilot demonstration project has largely been completed and entered the joint commissioning phase - In H1 2024, actual related party transactions totaled **259 million yuan**, including **157 million yuan in related party purchases** and **102 million yuan in related party sales**, not exceeding the initial annual estimated limit of **1.125 billion yuan**[97](index=97&type=chunk) - The company undertook the EPC general contracting for the controlling shareholder Lanzhou LS Group's **green hydrogen production, storage, and utilization integrated pilot demonstration project**, which has now entered the equipment joint commissioning phase[98](index=98&type=chunk) [Explanation of Progress in Use of Raised Funds](index=44&type=section&id=XII.%20Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) The company raised **1.2999 billion yuan** net from a private placement in 2021, with **1.059 billion yuan** cumulatively invested as of the reporting period, representing an **81.47%** investment progress; during the period, **176 million yuan** (including interest) of surplus funds from the 'Xuandong Energy EPC Project' were reallocated to the new 'Intelligent Superalloy Production Line Project,' while some projects experienced delays due to owner-side reasons or process optimization Use of Raised Funds (As of End of Reporting Period) | Indicator | Amount (Million yuan) | | :--- | :--- | | Net Amount of Raised Funds | 1,299.9100 | | Total Cumulative Investment | 1,058.9818 | | Cumulative Investment Progress | 81.47% | | Amount Invested This Year | 17.1787 | | Total Amount with Changed Purpose | 246.3134 | - The company closed the **'Xuandong Energy 500,000 tons/year Hazardous Waste Coal Tar Upgrading EPC Project'** and reallocated the surplus **175.5841 million yuan** (including interest) to establish the new **'Intelligent Superalloy Production Line Project'**[106](index=106&type=chunk) - The company temporarily used up to **210 million yuan** of idle raised funds to supplement working capital; as of the end of the reporting period, **40 million yuan** had been repaid, leaving a working capital supplement balance of **170 million yuan**[109](index=109&type=chunk) [Share Changes and Shareholder Information](index=48&type=section&id=Section%20VII.%20Share%20Changes%20and%20Shareholder%20Information) [Shareholder Information](index=48&type=section&id=II.%20Shareholder%20Information) During the reporting period, the company's total share capital and equity structure remained unchanged; as of the end of the period, controlling shareholder Lanzhou LS Group Co., Ltd. held **41.19%** of shares, with **443 million shares** pledged, and Lanzhou LS Group Lantuo Agricultural Equipment Co., Ltd. was a wholly-owned subsidiary of the controlling shareholder among the top ten shareholders Top Ten Shareholders' Shareholding | Shareholder Name | Number of Shares Held (Shares) | Percentage (%) | Share Status | | :--- | :--- | :--- | :--- | | Lanzhou LS Group Co., Ltd. | 538,053,898 | 41.19 | Pledged 443,000,000 | | Hunan Valin Xiangtan Iron and Steel Co., Ltd. | 78,377,508 | 6.00 | None | | Lanzhou LS Group Lantuo Agricultural Equipment Co., Ltd. | 64,008,298 | 4.90 | None | | CITIC Guoan Industrial Group Co., Ltd. | 17,000,000 | 1.30 | Pledged 12,830,159 | [Preferred Shares Information](index=50&type=section&id=Section%20VIII.%20Preferred%20Shares%20Information) [Preferred Shares Information](index=50&type=section&id=Section%20VIII.%20Preferred%20Shares%20Information) During the reporting period, the company had no preferred shares - This section's content is **'Not Applicable'**[113](index=113&type=chunk) [Bonds Information](index=50&type=section&id=Section%20IX.%20Bonds%20Information) [Bonds Information](index=50&type=section&id=Section%20IX.%20Bonds%20Information) During the reporting period, the company had no corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds - This section's content is **'Not Applicable'**[113](index=113&type=chunk) [Financial Report](index=51&type=section&id=Section%20X.%20Financial%20Report) [Financial Statements](index=51&type=section&id=II.%20Financial%20Statements) This chapter includes the company's unaudited H1 2024 consolidated and parent company financial statements, specifically the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity - As of June 30, 2024, the company's consolidated total assets were **12.94 billion yuan**, total liabilities were **9.511 billion yuan**, and owners' equity attributable to the parent company was **3.211 billion yuan**[114](index=114&type=chunk)[115](index=115&type=chunk)[116](index=116&type=chunk) - From January to June 2024, the company achieved total operating revenue of **2.492 billion yuan**, total profit of **70.33 million yuan**, net profit of **68.94 million yuan**, of which net profit attributable to parent company shareholders was **69.91 million yuan**[119](index=119&type=chunk)[120](index=120&type=chunk)[121](index=121&type=chunk) [Significant Accounting Policies and Estimates](index=68&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This chapter details the company's accounting policies and estimates for financial statement preparation, including a 12-month operating cycle, financial instrument classification and expected credit loss impairment, inventory valuation using the moving weighted average method with lower of cost or net realizable value, long-term equity investment accounting based on control, and revenue recognition when customers obtain control of goods or services, with EPC general contracting revenue recognized based on performance progress - The company defines a **12-month operating cycle** and uses it as the standard for classifying assets and liabilities as current or non-current[139](index=139&type=chunk) - Revenue recognition: Revenue from product sales and design services is recognized at a **point in time**; revenue from EPC general contracting services is recognized **over time** based on the proportion of costs incurred to the total estimated costs (input method)[209](index=209&type=chunk)[210](index=210&type=chunk) - Financial instrument impairment: Impairment accounting is performed and loss provisions are recognized for financial assets measured at amortized cost, contract assets, and similar items, based on **expected credit losses**[164](index=164&type=chunk)