Financial Performance - In 2020, the company's operating revenue was CNY 1,843,528,796.40, a decrease of 4.98% compared to 2019[23]. - The net profit attributable to shareholders was CNY 170,463,081.59, representing a 5.4% increase from the previous year[23]. - The net cash flow from operating activities increased significantly by 171.21% to CNY 395,195,629.95[23]. - The total assets at the end of 2020 reached CNY 1,970,572,547.42, a 93.61% increase from 2019[23]. - The basic earnings per share decreased by 14.20% to CNY 1.39 in 2020[24]. - The weighted average return on equity dropped to 12.84%, down 14.05 percentage points from 2019[24]. - The company achieved a total sales volume of 309,600 tons of refined oil in 2020, an increase of 4.95% compared to the previous year, generating revenue of CNY 1,843,528,796.40, which represents a decrease of 4.98% year-on-year[48][55]. - The net profit attributable to the parent company's shareholders for the year was CNY 170,463,100, reflecting a growth of 5.40% compared to the previous year[48][52]. - Total revenue for the company was approximately ¥1.82 billion, with a gross margin of 21.00%, down 5.12 percentage points year-over-year[57]. - The company reported a net profit of ¥549,763,990.46 for 2020, compared to ¥444,056,327.17 in 2019, indicating a growth of 23.8%[189]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 66,690,000.00, which represents 39.12% of the net profit attributable to shareholders for 2020[5]. - The total share capital will increase from 133,380,000 shares to 173,394,000 shares due to a capital reserve conversion of 3 shares for every 10 shares held[5]. - The cash dividend for 2019 was RMB 4.00 per 10 shares, totaling RMB 53,352,000.00, which was 32.99% of the net profit attributable to shareholders for that year[93]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profits are distributed as cash dividends annually, with higher percentages for mature stages without major capital expenditures[88]. - The total number of shares after the capital reserve increase will be 173,394,000 shares, reflecting the company's strategy to enhance shareholder value[91]. Operational Expansion - The company operates 34 gas stations and has plans to expand with additional stations in Hunan province and beyond[32]. - A strategic cooperation agreement was signed to lease 5 gas stations from Changsha Wangcheng Urban Investment Company, with the first station operational by December 2020[32]. - The company is constructing a new oil depot expected to be operational by Q3 2021, enhancing its storage capacity[32]. - The company has established wholly-owned subsidiaries in Guangdong and Sichuan to expand its wholesale and retail business in southern and southwestern China[32]. - The company aims to increase the number of gas stations in core regions and expand its retail business, leveraging both organic growth and acquisitions[79]. - The company plans to establish wholly-owned subsidiaries in provincial capitals to accelerate its retail network expansion, having already set up companies in Guangdong and Sichuan[79]. Risk Management - The company reported no significant risks affecting its operations during the reporting period, including fluctuations in international oil prices and underperformance of new gas stations[8]. - The company faces risks from international oil price volatility, which could impact gross margins and inventory management if not addressed effectively[83]. - The company has a strict safety management system for fuel transportation and storage, including 24-hour video monitoring and regular inspections[35]. Revenue Sources and Business Model - The company focuses on the retail and wholesale of refined oil, with retail operations centered in the economically developed Chang-Zhu-Tan urban agglomeration in Hunan province[42]. - The company operates a complete industrial chain in the fuel retail sector, covering procurement, storage, logistics, wholesale, and retail[34]. - The company is committed to diversifying its revenue sources through non-oil businesses such as convenience stores and car care services[78]. - The company is actively pursuing cross-provincial mergers and acquisitions in the refined oil retail sector, leveraging its capital advantages and integration capabilities[43]. Financial Management - Financial expenses decreased by 74.70% in 2020 due to reduced interest expenses from repaying short-term loans and increased interest income from bank deposits[54]. - The company's cash and cash equivalents increased by 259.10% year-over-year, reaching approximately ¥800.69 million[63]. - The company's short-term borrowings decreased by 100% year-over-year, indicating that all borrowings have been repaid[67]. - The company has raised a total of RMB 258 million through bank wealth management products[119]. Corporate Governance - The company has a flat management structure with a strong professional team, ensuring high decision-making efficiency and effective strategic development[42]. - The company has established a performance evaluation mechanism for senior management, linking annual salary levels to responsibilities, risks, and operational performance[173]. - The company maintains independence from its controlling shareholder in personnel, assets, finance, and operations, with no competitive conflicts reported[167]. - The report indicates that there are no changes in the positions of directors, supervisors, and senior management during the reporting period[158]. Employee Development - The total number of employees in the parent company is 491, and in major subsidiaries, it is 231, resulting in a total of 722 employees[159]. - The company conducted 90 specialized training sessions with over 580 participants, focusing on core skills such as service, finance, and safety[162]. - A total of 100 new courses were developed as part of the internal training program, enhancing the company's knowledge management system[162]. Audit and Compliance - The internal control audit report for 2020 was issued with a standard unqualified opinion, indicating no significant deficiencies in internal controls[174]. - The audit identified revenue recognition as a key audit matter due to the large volume of sales transactions and the reliance on information systems for tracking sales data[181]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[111].

证券代码：603353 证券简称：和顺石油 湖南和顺石油股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------|----------------------------------------------| | | ■特定对象调研 | □分析师会议 | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | | ■现场参观 | □其他 | | | | 华夏基金：钟帅、何竞舟、宋伯龙 | | 参与单位名称 及人员姓名 | 南方基金：龙一鸣 申万宏源：赵令伊 | 中国人寿：闫凌云、王雁杰、于蕾、汪欢吉 | | | 国盛证券：王席鑫、孙琦祥 | | | 时间 | 2020 年 12 月 17 日 | | | 地点 | 公司会议室 | | | | 董事长赵忠 | | | 上市公司 | 董事会秘书曾跃 | | | 接待人员 | 证券事务代表舒来 | | | | | | | 投资者关系活 | 一、公司基本情况介绍 和顺石 ...

Financial Performance - Operating income decreased by 13.07% to CNY 1,288,532,833.28 for the period from January to September[7] - Net profit attributable to shareholders increased by 6.53% to CNY 121,128,031.63 for the period from January to September[7] - Basic and diluted earnings per share decreased by 13.09% to CNY 0.99[7] - Total operating revenue for Q3 2020 was ¥527.21 million, an increase of 7.67% compared to ¥489.60 million in Q3 2019[25] - Total operating costs for Q3 2020 were ¥461.09 million, up from ¥438.90 million in Q3 2019, reflecting a 5.06% increase[25] - Net profit for Q3 2020 reached ¥55.44 million, a 46.47% increase from ¥37.88 million in Q3 2019[26] - The company reported a total net profit of ¥121.13 million for the first three quarters of 2020, compared to ¥113.65 million in the same period of 2019, marking a 6.45% increase[26] - The company reported a total profit of CNY 59,156,569.35 for Q3 2020, up from CNY 47,468,215.88 in Q3 2019, marking a growth of 24.6%[32] Assets and Liabilities - Total assets increased by 90.95% to CNY 1,943,459,624.63 compared to the end of the previous year[7] - Total liabilities amounted to ¥508,844,290.23, up from ¥430,110,633.35, indicating an increase of approximately 18%[23] - Current liabilities rose to ¥347,693,983.56 compared to ¥330,596,143.60, reflecting an increase of approximately 5%[20] - Non-current assets totaled ¥667,407,425.17, up from ¥640,884,819.43, indicating a slight increase of about 4%[20] - Total current assets amounted to $524.71 million, with cash and cash equivalents at $205.93 million[44] Cash Flow - Cash flow from operating activities increased by 68.94% to CNY 170,691,555.89 for the period from January to September[7] - The net cash flow from financing activities was ¥644,118,867.58, a significant increase compared to a negative cash flow of ¥4,311,510.70 in the previous period[13] - Cash inflow from investment activities totaled ¥17,589,385.34, a decrease of 42.5% from ¥30,437,256.71 in the previous year[37] - The company’s operating cash inflow for the first nine months of 2020 was CNY 1,598,185,154.90, down from CNY 1,693,866,796.18 in the same period of 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,363[11] - The largest shareholder, Hunan Heshun Investment Development Co., Ltd., holds 41.74% of the shares[11] Other Financial Metrics - The company received government subsidies amounting to CNY 125,920.10 during the reporting period[8] - Non-recurring gains and losses totaled CNY 6,454,042.03 for the period from January to September[10] - The company’s capital reserve rose to ¥883,555,973.33 from ¥76,161,587.80, reflecting a substantial increase of around 1,161%[23] - Unappropriated profits increased to ¥439,122,334.92 from ¥392,180,539.10, a growth of about 12%[23] Inventory and Prepayments - Prepayments surged by 381.52% to ¥126,755,689.45 from ¥26,324,184.45, primarily due to increased oil product orders[13] - Inventory rose by 34.48% to ¥138,196,845.91 from ¥102,763,726.34, attributed to higher oil product purchases during the period[13] - Accounts receivable surged to ¥142,788,832.30 from ¥83,351,317.48, representing an increase of approximately 71%[22] - Inventory increased to ¥116,444,499.67 from ¥99,968,405.77, showing a growth of about 16%[22] Strategic Developments - The company added 2 self-operated gas stations, bringing the total to 32[14] - A strategic cooperation agreement was signed with Changsha Wancheng Urban Construction Investment Group, with the first gas station expected to be operational soon[14]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥761,324,362.58, a decrease of 23.31% compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥65,719,493.30, down 13.32% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥64,531,890.88, a decrease of 14.83% compared to the previous year[20]. - The net cash flow from operating activities was ¥33,802,019.66, a significant decline of 68.20% from the same period last year[20]. - Basic earnings per share decreased by 26.32% to CNY 0.56 compared to CNY 0.76 in the same period last year[21]. - Diluted earnings per share also decreased by 26.32% to CNY 0.56 from CNY 0.76 year-on-year[21]. - The weighted average return on equity dropped by 7.79 percentage points to 5.79% from 13.58% in the previous year[21]. - The return on equity after deducting non-recurring gains and losses fell by 7.89 percentage points to 5.68% from 13.57% year-on-year[21]. - The company reported a total comprehensive income of RMB 68,893,317.86 for the current period, reflecting a significant increase compared to the previous period[141]. Assets and Liabilities - Total assets rose by 83.17% to ¥1,864,356,686.02 compared to the end of the previous year[20]. - The company reported a total of RMB 137,376,880.79 in prepayments, up from RMB 26,324,184.45, representing a growth of approximately 421.5%[96]. - The total assets at the end of the reporting period amount to 601,268,976.00 RMB, demonstrating robust asset management[133]. - The total liabilities reached ¥452,333,917.91, compared to ¥430,110,633.35, showing a rise of about 5.2%[103]. - The company's total equity at the end of the reporting period was RMB 551,731,725.91, an increase from RMB 482,703,811.41 at the end of the previous year, representing a growth of approximately 14.3%[144]. Cash Flow - The net cash flow from financing activities was ¥697,699,960.08, a turnaround from a negative cash flow of ¥-3,019,814.50 in the previous year[114]. - Cash inflow from financing activities was RMB 840,774,385.53, significantly higher than RMB 141,240,000.00 in the same period last year[114]. - Investment activities resulted in a net cash outflow of RMB 650,597,514.01, compared to RMB 54,126,614.63 in the first half of 2019[114]. - Operating cash flow for the first half of 2020 was RMB 33,802,019.66, a decrease of 68.3% compared to RMB 106,295,067.63 in the same period of 2019[113]. Market and Operations - In the second quarter, the demand for refined oil products recovered, with sales volume increasing by 34.90% year-on-year, and net profit rising by 19.28%[20]. - The first quarter was adversely affected by the COVID-19 pandemic, leading to a 44.10% and 48.51% decline in sales volume and net profit, respectively, compared to the same period last year[20]. - The company aims for rapid expansion in the next three years, focusing on chain operations and resource replication to strengthen its market position[40]. - The company has enhanced its information technology infrastructure to support management and marketing, utilizing big data for targeted marketing strategies[40]. - The company has a competitive edge due to its comprehensive supply chain, including procurement, storage, logistics, wholesale, and retail operations[37]. Strategic Initiatives - The company has signed a strategic cooperation agreement to lease 5 gas stations from Changsha City Wangcheng District Urban Investment Company[26]. - The company has commitments from major shareholders regarding share transfer restrictions for 36 months post-IPO, with specific conditions for share reduction thereafter[59]. - The company has established long-term commitments to resolve industry competition and related party transactions[58]. - The company plans to focus on market expansion and new product development in the upcoming quarters[106]. Risk Management - The company did not face any significant risks that materially affected its production and operations during the reporting period[5]. - The company faced risks from international oil price volatility, which could impact inventory and gross margin[48]. - The company plans to expand its gas station network, but faces risks related to project implementation and market conditions[49]. Compliance and Governance - The company is adhering to regulations set by the China Securities Regulatory Commission regarding shareholding reductions by major shareholders and executives[62]. - The actual controllers have pledged to avoid any actions that could harm the interests of the company and its shareholders, including not engaging in competing businesses[66]. - The company has established a three-year shareholder dividend return plan, adhering to its profit distribution policy, including cash dividend policies[73]. Accounting and Financial Reporting - The company's accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[155]. - The scope of consolidation is determined based on control, including subsidiaries and structured entities, reflecting the overall financial position and performance of the group[161]. - Financial instruments are recognized when the company becomes a party to the contract, and their classification depends on the business model and cash flow characteristics[176].

2020 年第一季度报告 公司代码：603353 公司简称：和顺石油 湖南和顺石油股份有限公司 2020 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 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 | 1,806,661,110.28 | 1,017,805,650.79 | | 77.51 | | 归属于上市公司 | 1,541,806,506.83 | 682,267,429.32 | | 125.98 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 62,684,588.06 | 10,792,803.2 ...