公司代码：603948 公司简称：建业股份 浙江建业化工股份有限公司 2020 年第三季度报告 2020 年 10 月 2020 年第三季度报告 1 / 28 | 目录 | | --- | | 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 年第三季度报告 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 公司负责人冯烈、主管会计工作负责人章忠及会计机构负责人（会计主管人员）章忠保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 28 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 1,614,478,339.83 1,106,130,773.05 45.96 归属于上市公 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥770 million, a decrease of 5.91% compared to the same period last year[23]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥67.56 million, down 14.63% year-on-year[23]. - The net cash flow from operating activities was negative at approximately -¥32.12 million, compared to a positive cash flow of ¥72.51 million in the same period last year[23]. - Basic earnings per share for the first half of 2020 were ¥0.46, a decrease of 30.30% compared to the same period last year[24]. - The weighted average return on net assets was 5.68%, down 5.28 percentage points from the previous year[24]. - The company achieved operating revenue of ¥770,003,557.82, a decrease of 5.91% compared to the same period last year[42]. - Net profit for the period was ¥67,560,261.97, down 14.63% year-on-year; net profit attributable to the parent company was ¥57,783,985.87, a decrease of 17.96%[42]. - The gross profit margin for the manufacturing sector was 17.05%, reflecting a decrease of 0.71% compared to the previous year[46]. - Domestic revenue was ¥694,768,831.59, down 3.11% year-on-year, while international revenue was ¥71,660,098.50, down 6.50%[46]. - The company reported a total comprehensive income of RMB 58,856,967.04 for the first half of 2020[160]. Assets and Liabilities - The total assets as of June 30, 2020, were approximately ¥1.62 billion, an increase of 46.02% compared to the end of the previous year[23]. - The net assets attributable to shareholders increased by 68.36% to approximately ¥1.39 billion compared to the end of the previous year[23]. - Cash and cash equivalents decreased by 51.27% to ¥137,997,191.17, accounting for 8.54% of total assets, down from 25.55% in the same period last year[48]. - Accounts receivable increased by 43.87% to ¥118,684,527.73, representing 7.35% of total assets, compared to 7.44% last year[48]. - Other current assets surged by 4,022.82% to ¥585,705,857.59, making up 36.26% of total assets, up from 1.28%[48]. - The company reported a total current assets of CNY 1,179,837,211.74 as of June 30, 2020, compared to CNY 665,377,291.36 at the end of 2019, representing an increase of approximately 77.3%[131]. - The company's total liabilities decreased to CNY 225,924,477.62 from CNY 280,950,682.36, reflecting a decline of about 19.6%[132]. - The company’s total liabilities at the end of the reporting period are not explicitly stated but can be inferred from the total assets and equity[161]. Research and Development - The company holds 38 invention patents and collaborates with renowned universities and research institutes for product development[33]. - The company applied for 8 national invention patents in the fields of low-carbon fatty amines, acetate esters, and electronic chemicals, with one patent granted for a production device[43]. - The company reported a research and development expense of CNY 20,958,601.69 for the first half of 2020, a decrease of 6.6% from CNY 22,442,021.29 in the same period last year[139]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥2.5 per 10 shares, totaling approximately ¥40 million, which represents 28.06% of the latest audited net profit[6]. - As of June 30, 2020, the company's undistributed profits amounted to 662.08 million CNY, available for distribution to shareholders[62]. - The profit distribution plan is subject to approval at the company's second extraordinary general meeting of shareholders in 2020[62]. - No stock dividends will be distributed, and no capital reserve will be converted into share capital; remaining undistributed profits will be carried forward to future distributions[62]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has provided environmental protection compliance information[102]. - The company reported specific pollutant discharge metrics, including CODcr at 88.8 mg/L and ammonia nitrogen at 1.89 mg/L, adhering to the relevant discharge standards[102]. - The company has implemented measures to ensure compliance with environmental standards, including limits on non-methane total hydrocarbons and particulate matter emissions[102]. - The company has established pollution control facilities, including wastewater treatment and air pollution control systems, in compliance with environmental impact assessments[105]. - The company has installed online monitoring systems for COD, ammonia nitrogen, and pH in wastewater, and for sulfur dioxide, nitrogen oxides, and particulate matter in flue gas, ensuring real-time pollution monitoring[111]. Corporate Governance - The controlling shareholder and actual controller, Feng Lie, committed not to engage in any business that competes with Jianye Co., both domestically and internationally[73]. - The company and its major shareholders, including Jianguo State-owned Company, pledged not to participate in any competitive activities with Jianye Co. and its subsidiaries[74]. - The company will avoid related party transactions and ensure that any unavoidable transactions are conducted on a fair and reasonable basis[77]. - The company guarantees that related party transactions will not harm the legal rights of Jianye Co. and its other shareholders[79]. Financial Management - The company’s financial expenses decreased due to reduced bank loan interest payments, contributing to improved financial management[45]. - The company will ensure that the shareholding distribution complies with listing conditions after any stock repurchase or shareholding increase[83]. - The company will initiate stock price stabilization measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days[80]. Market Position and Operations - The company specializes in the production, research, and sales of low-carbon fatty amines, plasticizers, acetate esters, and electronic chemicals, utilizing advanced production processes[28]. - The company has a significant market presence in downstream industries such as pesticides, pharmaceuticals, and solar energy, with a broad customer base across various regions[32]. - The company operates in the economically developed Yangtze River Delta region, optimizing logistics for raw material procurement and product sales[39]. - The company employs a sales model that includes direct sales and a buyout system for customers, ensuring competitive pricing based on production costs and market conditions[30].

Financial Performance - Revenue decreased by 24.34% to CNY 332,096,285.99 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 30.02% to CNY 28,031,145.93 compared to the same period last year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 39.32% to CNY 24,066,077.81 compared to the same period last year[5] - Basic earnings per share decreased by 36.36% to CNY 0.21 per share compared to the same period last year[5] - The company reported a significant increase in accounts receivable, rising to CNY 129,884,159.91 from CNY 97,941,195.02, an increase of 32.6%[23] - The net profit for Q1 2020 was ¥25,493,338.41, down 33.2% from ¥38,134,669.16 in Q1 2019[28] - The total profit for Q1 2020 was ¥29,632,350.67, down 33.9% from ¥44,864,316.66 in Q1 2019[28] - The operating profit for Q1 2020 was ¥26,703,180.08, a decrease of 40.5% from ¥44,861,016.66 in Q1 2019[27] Assets and Liabilities - Total assets increased by 42.95% to CNY 1,581,160,614.57 compared to the end of the previous year[5] - Current assets totaled CNY 1,109,402,613.63 as of March 31, 2020, an increase from CNY 710,250,358.98 at the end of 2019[23] - Total liabilities decreased to CNY 219,524,363.61 in Q1 2020 from CNY 263,713,118.60 in Q1 2019, indicating a reduction of approximately 16.8%[24] - Shareholders' equity increased to CNY 1,323,991,051.23 in Q1 2020 from CNY 801,953,527.73 in Q1 2019, representing a growth of 64.9%[24] - Cash and cash equivalents decreased by 36.79% to ¥177,542,186.55 from ¥280,883,616.54, primarily due to investments in financial products[14] - The total cash and cash equivalents at the end of Q1 2020 reached ¥663,201,187.51, up from ¥255,723,456.17 at the end of Q1 2019, reflecting a growth of 159.1%[35] Cash Flow - Operating cash flow decreased by 71.17% to CNY 8,861,565.13 compared to the same period last year[5] - Cash flow from operating activities for Q1 2020 was ¥219,200,943.26, a decrease of 18.0% compared to ¥267,378,309.76 in Q1 2019[30] - The company reported a total cash inflow from operating activities of ¥225,840,014.97, down from ¥270,270,342.52 in Q1 2019, a decline of 16.5%[31] - Cash flow from financing activities generated a net inflow of ¥464,941,095.94, a substantial recovery from a net outflow of ¥24,286,295.03 in the same quarter last year[35] - The company received ¥513,966,037.74 from financing activities, indicating strong investor confidence and support[35] Expenses - Management expenses decreased by 35.42% to ¥5,920,985.74 from ¥9,167,811.18, attributed to reduced operational activities due to the pandemic[15] - The company reported a 35.78% decrease in income tax expenses to ¥4,926,003.49, reflecting a reduction in total profit[16] - Research and development expenses for Q1 2020 were CNY 9,339,989.16, up from CNY 7,577,980.73 in Q1 2019, reflecting a growth of 23.3%[25] - The company incurred research and development expenses of ¥9,339,989.16 in Q1 2020, an increase of 23.2% from ¥7,577,980.73 in Q1 2019[27] Government Support - Government subsidies recognized in the current period amounted to CNY 4,911,031.47[8] - Revenue from other income increased by 24207.21% to ¥3,232,859.00, primarily due to government subsidies unrelated to daily operations[15] Strategic Initiatives - The company plans to continue expanding its financial investments and exploring new market opportunities[18]