Financial Performance - The company's operating revenue for the first half of 2020 was ¥587,605,946.97, a decrease of 26.31% compared to ¥797,401,158.23 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥27,606,294.65, down 22.23% from ¥35,498,544.70 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥21,993,347.62, a decrease of 28.24% compared to ¥30,646,404.99 in the same period last year[19]. - The basic earnings per share were ¥0.05, down 28.57% from ¥0.07 in the previous year[19]. - The total comprehensive income for the first half of 2020 was RMB 29,163,817.67, down from RMB 37,773,063.07 in the same period of 2019[133]. - The company reported a significant increase in accounts payable, which rose to CNY 691,187.32 from CNY 345,459.32, a growth of approximately 100%[124]. - The company reported a profit distribution of RMB -14,220,751.98, which includes a distribution to shareholders of RMB -10,560,000.00[147]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,943,012,432.69, a slight decrease of 0.13% from ¥2,946,707,959.22 at the end of the previous year[19]. - The total equity as of June 30, 2020, was RMB 2,751,028,143.04, slightly up from RMB 2,736,225,982.13[126]. - Total liabilities decreased to CNY 191,984,289.65 from CNY 210,481,977.09, reflecting a reduction of about 8.83%[126]. - The company's total equity as of June 30, 2020, was RMB 2,028,183,874.03, down from RMB 2,034,264,183.02 at the end of 2019, reflecting a decrease of about 0.3%[162]. Cash Flow - The net cash flow from operating activities was negative at -¥74,318,921.15, compared to -¥23,994,444.30 in the same period last year[19]. - The cash outflow for investing activities was -21,297.00 RMB, a notable decrease from -39,436,000.00 RMB in the same period of 2019, indicating a shift in investment strategy[171]. - The cash outflow for financing activities was -4,682,155.19 RMB, slightly improved from -4,708,570.60 RMB in the first half of 2019, showing a stable financing approach[171]. Revenue Sources - Revenue from refined oil was CNY 420,742,352.39, accounting for 71.60% of total revenue, down 16.77% year-on-year[40]. - Hazardous chemical trading revenue increased by 16.72% year-on-year to CNY 154,207,119.14, representing 26.24% of total revenue[40]. - The total sales volume of refined oil was 78,300 tons, a decrease of 33% year-on-year[35]. Operational Changes - The company has fully ceased its liquid chemical storage business and is exploring operational transformation[29]. - The company anticipates significant market challenges due to the transition to new energy vehicles, which may impact its fuel retail business[55]. - The company is focusing on enhancing its central control platform to improve customer service and expand its business operations[57]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for this period[4]. - The company’s major shareholder, Guangju Investment Holding Group, strictly fulfilled its non-competition commitment since its IPO in February 1999[61]. - The largest shareholder, Shenzhen Guangju Investment Holdings, holds 55.54% of the shares, totaling 293,270,377 shares[96]. Compliance and Governance - The financial statements were approved by the board on August 20, 2020, ensuring compliance with regulatory requirements[186]. - The company reported no major litigation or arbitration matters during the reporting period[65]. - The company did not experience any penalties or rectification issues during the reporting period[67].

Financial Performance - Total operating revenue for the first half of 2020 was RMB 587,605,946.97, a decrease of 26.3% compared to RMB 797,401,158.23 in the same period of 2019[9]. - The total operating revenue for the first half of 2020 was approximately CNY 31.59 billion, a decrease from CNY 39.40 billion in the same period of 2019, representing a decline of about 20%[10]. - The net profit attributable to shareholders of the parent company was CNY 27.61 million, down from CNY 35.50 million in the previous year, reflecting a decrease of approximately 22.3%[10]. - The total comprehensive income attributable to shareholders of the parent company was CNY 27.93 million, compared to CNY 35.56 million in the same period last year, indicating a decline of about 21.7%[11]. - The company reported a net cash outflow from operating activities of CNY -74.32 million, compared to CNY -23.99 million in the same period of 2019, showing a worsening cash flow situation[14]. - The company reported a significant increase in investment income, reporting CNY 22.76 million compared to CNY 8.14 million in the previous year, marking an increase of approximately 179%[10]. - The company’s financial performance indicates a strong recovery trajectory, with a notable increase in revenue and a return to profitability in the first half of 2020[29]. Assets and Liabilities - As of June 30, 2020, total assets amounted to RMB 2,943,012,432.69, slightly down from RMB 2,946,707,959.22 at the end of 2019[4]. - Current assets totaled RMB 1,625,157,567.79, showing a marginal decrease from RMB 1,625,620,945.55 as of December 31, 2019[3]. - The company's cash and cash equivalents were RMB 1,389,428,713.49, down from RMB 1,472,460,123.42 at the end of 2019, indicating a decline of approximately 5.6%[3]. - Total liabilities decreased to RMB 191,984,289.65 from RMB 210,481,977.09, reflecting a reduction of approximately 8.8%[7]. - The company's total equity as of June 30, 2020, was RMB 2,751,028,143.04, slightly up from RMB 2,736,225,982.13 at the end of 2019[7]. - The company's total liabilities were RMB 115,036,863.68, compared to RMB 112,190,297.45 at the end of 2019, indicating an increase in liabilities[27]. Cash Flow - The net cash flow from operating activities for the first half of 2020 was -1,945,290.46 RMB, compared to -8,783,522.31 RMB in the same period of 2019, indicating an improvement[31]. - Total cash inflow from operating activities was 7,815,894.80 RMB, while cash outflow was 9,761,185.26 RMB, resulting in a net cash outflow of 1,945,290.46 RMB[31]. - The company reported a total cash and cash equivalents balance of 560,677,195.17 RMB at the end of June 2020, down from 567,325,934.74 RMB at the beginning of the period[32]. Equity and Shareholder Information - The total equity attributable to shareholders at the end of the year was CNY 2,736,225,982.13, with a significant increase from the previous year[19]. - The company experienced a net increase in equity of CNY 14,802,160.91 during the current period, highlighting growth in shareholder value[19]. - The company reported a profit distribution of CNY -14,220,751.98, indicating a reduction in shareholder payouts compared to the previous period[22]. - The company distributed dividends totaling 10,560,000.00 RMB during the reporting period[34]. Research and Development - Research and development expenses were not explicitly detailed in the provided data, but the company continues to invest in new technologies and product development[10]. - Research and development expenses were not explicitly detailed in the provided data, indicating a potential area for future focus[28]. Accounting Policies and Standards - The company’s financial statements are prepared in accordance with the Chinese accounting standards, ensuring a true and complete reflection of its financial status[47]. - The company has implemented the new revenue recognition standards effective January 1, 2020, resulting in an adjustment of contract liabilities by CNY 26,415,219.20 and a corresponding decrease in advance receipts[191]. Inventory and Assets Management - Inventory levels rose significantly to RMB 59,896,563.36, compared to RMB 12,975,842.19, marking an increase of 361.5%[3]. - The company’s fixed assets were valued at CNY 55,227,970.89 as of January 1, 2020[196]. - The company’s intangible assets were recorded at CNY 107,007,167.24 as of December 31, 2019[196]. Employee Compensation and Benefits - Employee compensation includes various forms of remuneration and is recognized as liabilities in the period services are provided[148]. - Short-term employee benefits are recognized as liabilities and included in the current period's profit or loss[149]. Provisions and Liabilities - The company recognizes provisions when there is a present obligation, likely outflow of economic benefits, and the amount can be reliably measured[157]. - Provisions are initially measured at the best estimate of the expenditure required to settle the obligation, considering risks and uncertainties[158].

Financial Performance - The company's operating revenue for Q1 2020 was ¥286,062,979.80, a decrease of 25.25% compared to ¥382,712,116.70 in the same period last year[6]. - The net profit attributable to shareholders was ¥1,836,762.87, down 82.21% from ¥10,323,277.41 year-on-year[6]. - The net profit after deducting non-recurring gains and losses was -¥5,165,747.69, a decline of 189.33% compared to ¥5,783,019.14 in the previous year[6]. - Basic and diluted earnings per share were both ¥0.0035, down 82.14% from ¥0.0196 year-on-year[6]. - The company reported a net profit of CNY 2,377,500.44 for Q1 2020, down 78.7% from CNY 11,156,689.25 in the previous year[53]. - The total profit for the first quarter was 132,108.00, compared to a loss of 1,462,349.35 in the previous period[58]. - The net profit for the first quarter was 82,039.96, while the previous period recorded a net loss of 1,462,349.35[58]. Cash Flow - The net cash flow from operating activities was -¥89,650,880.90, worsening from -¥45,610,944.82 in the same period last year[6]. - Cash flow from operating activities was -89,650,880.90, a decrease from -45,610,944.82 in the previous period[60]. - Cash inflow from sales of goods and services was 319,044,547.42, down from 440,290,874.87 in the previous period[59]. - Cash outflow for operating activities totaled 415,074,962.45, compared to 491,764,974.76 in the previous period[60]. - The company reported a cash flow from investment activities of -6,159,851.97, an improvement from -32,008,596.26 in the previous period[60]. - The cash and cash equivalents at the end of the period were 1,376,975,067.05, compared to 1,282,755,239.89 in the previous period[62]. - The company experienced a foreign exchange impact of 325,676.50 on cash and cash equivalents[62]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,940,693,339.67, a slight decrease of 0.20% from ¥2,946,707,959.22 at the end of the previous year[6]. - Current assets totaled CNY 1,620,893,614.25, slightly down from CNY 1,625,620,945.55, representing a decrease of about 0.3%[40]. - Total liabilities decreased from CNY 210,481,977.09 to CNY 201,836,596.66, a reduction of about 4.0%[42]. - Owner's equity increased from CNY 2,736,225,982.13 to CNY 2,738,856,743.01, reflecting a growth of approximately 0.1%[42]. Inventory and Receivables - Accounts receivable decreased by 31% to ¥2,055,225.19 due to reduced sales impacted by COVID-19[16]. - Inventory increased by 363% to ¥60,091,908.43 as the company increased oil product stock in response to rising market prices[17]. - Accounts receivable decreased from CNY 2,988,776.84 to CNY 2,055,225.19, a reduction of about 31.2%[40]. - Other receivables rose from CNY 4,195,803.15 to CNY 3,812,881.24, indicating a decrease of approximately 9.1%[40]. Government Support and Subsidies - The company received government subsidies amounting to ¥122,975.81 during the reporting period, primarily related to unemployment insurance refunds and other government-related subsidies[6]. - Tax and surcharges decreased by 60% to ¥303,798.98 due to reduced oil sales and tax relief measures during the pandemic[17]. Corporate Governance - The company appointed new board members following resignations due to work commitments, ensuring continuity in governance[21]. - The company’s major shareholder underwent a change in equity structure, but this did not affect the company's operations[20]. - The chairman of the board is Zhang Guiquan[68]. Investments and Financial Management - The company signed a new management agreement for its 40% stake in ShenNan Gas, ensuring annual payments of ¥6.3 million from the operator[19]. - The total initial investment cost for various bonds held by the company was CNY 141,606,121.32, with a reported loss of CNY 5,064,365.06 during the reporting period[27]. - The company reported no derivative investments during the reporting period[32]. - The company did not engage in any entrusted financial management activities during the reporting period[31]. Compliance and Commitments - The company has committed to not engaging in any business that may compete with its operations, as per the non-competition commitment made by its controlling shareholder, effective since February 20, 1999[27]. - There were no instances of non-compliance with external guarantees during the reporting period[34]. - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[35]. - The company has not conducted any research, communication, or interview activities during the reporting period[33].

Financial Performance - Operating revenue for the reporting period was ¥407,860,791.38, representing a decrease of 4.82% year-on-year[7] - Net profit attributable to shareholders was ¥70,304,877.94, a significant increase of 353.69% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥67,939,503.80, up by 349.45% year-on-year[7] - Basic earnings per share for the period was ¥0.13, reflecting a growth of 333.33% compared to the previous year[7] - Total operating revenue for Q3 2019 was CNY 407,860,791.38, a decrease of 4.1% compared to CNY 428,537,603.46 in the same period last year[46] - Net profit for Q3 2019 was CNY 71,454,651.78, significantly up from CNY 16,749,197.13 in Q3 2018, representing a growth of 326.5%[47] - Net profit for the period reached CNY 109,164,235.73, an increase of 10% compared to CNY 99,320,901.48 in the previous period[58] - Basic and diluted earnings per share were both CNY 0.20, up from CNY 0.18 in the previous period[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,746,026,951.28, an increase of 3.74% compared to the end of the previous year[7] - Total current assets at the end of the period amounted to CNY 1,574,712,703.55, compared to CNY 1,519,230,775.52 at the beginning of the year[32] - Non-current assets totaled CNY 1,171,314,247.73, an increase from CNY 1,127,712,007.72, reflecting a growth of about 3.85%[38] - Current liabilities rose to CNY 129,463,397.26, compared to CNY 125,391,586.49, marking an increase of approximately 1.70%[36] - The total liabilities amounted to CNY 151,008,292.28, up from CNY 147,661,664.82, indicating an increase of approximately 1.59%[36] - The company's total equity reached CNY 2,595,018,659.00, up from CNY 2,499,281,118.42, indicating a growth of around 3.84%[38] Cash Flow - Cash flow from operating activities showed a net increase of 169.85%, amounting to ¥39,879,400.59[7] - Net cash flow from operating activities improved by 170% to CNY 39,879,400.59, mainly due to reduced cash payments for goods and services[18] - Cash flow from operating activities generated a net amount of CNY 39,879,401, significantly higher than CNY 14,778,110 from the previous period[68] - The net cash flow from operating activities was -9,730,809.87 CNY, a significant decrease compared to 14,474,171.74 CNY in the previous period[70] - Cash flow from financing activities resulted in a net outflow of -4,708,570.60 CNY, a decrease from -33,965,717.60 CNY in the prior period[75] Shareholder Information - The company reported a total of 28,378 common shareholders at the end of the reporting period[10] - The largest shareholder, Shenzhen Guangju Investment Holding Group Co., Ltd., holds 55.54% of the shares, totaling 293,270,377 shares[10] - No repurchase transactions were conducted by the top 10 shareholders during the reporting period[15] Investment and Other Income - Investment income for the period was CNY 54,079,987.33, a substantial increase from CNY 3,304,645.79 in the previous year[46] - The company reported a significant increase in investment income from joint ventures, rising to CNY 7,154,242.15 from CNY 3,126,338.45 year-on-year[47] - The company recorded a public value change income of CNY 1,127,776.27, compared to a loss of CNY 3,793,129.38 in the previous period[58] Changes in Assets - Accounts receivable increased by 35% from CNY 6,402,687.49 at the beginning of the year to CNY 8,669,771.27 at the end of the period[18] - Other receivables surged by 1,319% to CNY 50,025,529.27, primarily due to cash dividends from Mawan Power[18] - Other current assets rose by 123% to CNY 4,012,671.94, mainly from increased VAT credits due to a tax rate reduction[18] - Investment properties increased by 48% to CNY 7,529,469.77, attributed to the inclusion of leased shops in the investment property category[18] - Other non-current assets increased by 201% to CNY 58,645,631.26, mainly due to payments for the second phase of investment in Tongchuang New Materials Fund[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥797,401,158.23, a decrease of 2.68% compared to ¥819,392,063.23 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥35,498,544.70, down 55.96% from ¥80,611,434.75 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥30,646,404.99, a decrease of 62.57% compared to ¥81,875,388.86 in the same period last year[19]. - The basic earnings per share decreased to ¥0.07, down 55.96% from ¥0.15 in the previous year[19]. - The total comprehensive income attributable to the parent company's shareholders for the first half of 2019 was CNY 35,562,023.82, a decrease from CNY 80,739,223.14 in the same period of 2018[124]. - The company reported a net profit of approximately 1.92 billion CNY for the reporting period, with a significant increase in revenue from 8.32 billion CNY to 6.70 billion CNY compared to the previous year[58]. - The net profit for the period was 35.58 million yuan, a decrease of 55.96% year-on-year[36]. - The company reported a total of 52.8 million shares outstanding, with no changes in the share structure compared to the same period last year[92]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,676,698,309.38, an increase of 1.12% from ¥2,646,942,783.24 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥2,502,093,009.51, up 1.02% from ¥2,476,901,741.64 at the end of the previous year[19]. - The company's total assets as of June 30, 2019, amounted to RMB 2,676,698,309.38, an increase from RMB 2,646,942,783.24 at the end of 2018[117]. - The total liabilities as of June 30, 2019, were RMB 67,394,141.74, slightly down from RMB 70,250,817.56 at the end of 2018[143]. - The company reported a total liability of RMB 153,607,143.65, up from RMB 147,661,664.82 at the end of 2018[120]. Cash Flow - The net cash flow from operating activities was -¥23,994,444.30, slightly worse than -¥23,230,778.96 in the same period last year, reflecting a 3.29% increase in cash outflow[19]. - The company's cash and cash equivalents at the end of the reporting period were ¥1,290,667,328.43, representing 48.22% of total assets[44]. - The company's cash and cash equivalents decreased to RMB 1,290,667,328.43 from RMB 1,360,708,052.48 at the end of 2018, indicating tighter liquidity[117]. - The net cash flow from investing activities for the first half of 2019 was -CNY 37,809,190.63, compared to -CNY 8,737,414.65 in the same period of 2018[126]. - The cash outflow from financing activities for the first half of 2019 was -CNY 8,300,830.41, compared to -CNY 9,227,825.25 in the same period of 2018[127]. Inventory and Current Assets - Inventory increased by 234% compared to the beginning of the period, primarily due to increased stockpiling of oil products[28]. - The company's inventory increased to ¥74,257,929.41, up from ¥40,357,806.72, reflecting a 1.24% increase in total asset proportion[44]. - Current assets totaled RMB 1,516,347,643.24, slightly down from RMB 1,519,230,775.52 at the end of 2018[117]. Investment and Income - The company’s investment income decreased significantly due to delayed dividend distribution from associated companies[35]. - Investment income for the period amounted to ¥8,139,259.69, accounting for 16.24% of total profit[42]. - The company’s investment income received in the first half of 2019 was CNY 15,726,036.20, compared to CNY 14,243,724.29 in the same period of 2018[126]. - The company reported a loss of approximately 1.81 million CNY from its investment in a subsidiary, indicating challenges in certain segments[58]. Strategic Focus and Market Conditions - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The company anticipates a slowdown in demand growth for refined oil retail business due to the increasing promotion and adoption of new energy vehicles, with traditional fuel vehicles expected to be phased out by 2030 in major cities[60]. - The company adjusted its retail strategy to focus on profit rather than volume, leading to improved gross profit despite lower sales[33]. - The company is facing risks related to industry policies that have negatively impacted fuel sales, particularly in the taxi sector, but expects these effects to stabilize[59]. Compliance and Governance - The financial report for the first half of 2019 was not audited[107]. - The company has not engaged in any derivative investments during the reporting period[52]. - The company has not experienced any penalties or rectification issues during the reporting period[68]. - The company has not entered into any major contracts or leasing agreements during the reporting period[79]. Shareholder Information - The largest shareholder, Shenzhen Guangju Investment Holding Group Co., Ltd., holds 55.54% of the shares, totaling 293,270,377 common shares[94]. - The second-largest shareholder, Cai Shichao, holds 3.57% of the shares, amounting to 18,835,091 common shares, with an increase of 3,479,979 shares during the reporting period[94]. - The total number of common shareholders at the end of the reporting period was 29,317, with a 5% increase in voting rights restored for preferred shareholders[94]. Operational Efficiency and Safety - The company is committed to improving operational efficiency through refined management and differentiated services to enhance customer loyalty[61]. - The company has conducted 69 safety drills and emergency response training sessions, with over 1,010 participants, to enhance safety awareness and preparedness[61]. - The company emphasizes a "safety first" approach in its operations, with ongoing training and safety checks to mitigate risks associated with flammable products[61].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 382,712,116.70, a decrease of 0.06% compared to CNY 382,958,676.32 in the same period last year[6]. - The net profit attributable to shareholders was CNY 10,323,277.41, representing a decline of 26.45% from CNY 14,034,781.39 year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,783,019.14, down 58.88% from CNY 14,062,774.28 in the previous year[6]. - The basic earnings per share decreased to CNY 0.0196, a drop of 26.45% compared to CNY 0.0266 in the same quarter last year[6]. - The total operating revenue for Q1 2019 was CNY 382,712,116.70, a slight decrease of 0.06% compared to CNY 382,958,676.32 in the same period last year[48]. - Net profit for Q1 2019 was CNY 11,156,689.25, down 24.5% from CNY 14,734,780.52 in the previous year[52]. - The total comprehensive income for Q1 2019 was CNY 10,825,762.86, a decrease from CNY 14,120,686.31 in the previous year[52]. Cash Flow - The net cash flow from operating activities was negative at CNY -45,610,944.82, compared to CNY -24,927,284.69 in the previous year[6]. - Cash flow from operating activities decreased by 83% to -¥45,610,944.82 from -¥24,927,284.69, reflecting a decline in net cash flow from sales[20]. - The company reported a decrease in cash received from sales of goods and services, totaling 440,290,874.87 CNY, down from 453,006,817.79 CNY[56]. - The company’s cash outflow from operating activities was 491,764,974.76 CNY, compared to 486,626,070.29 CNY in the previous period[58]. - The company experienced a net decrease in cash and cash equivalents of -77,952,812.59 CNY during the period[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,647,057,514.38, showing no significant change from CNY 2,646,942,783.24 at the end of the previous year[6]. - Current assets totaled approximately CNY 1.49 billion, a decrease of 2.25% from CNY 1.52 billion at the end of 2018[34]. - Cash and cash equivalents decreased to CNY 1.28 billion, down 5.73% from CNY 1.36 billion[34]. - Total liabilities decreased to CNY 136.84 million, down 7.36% from CNY 147.66 million[38]. - Total non-current assets amounted to CNY 1.16 billion, an increase of 3.67% from CNY 1.13 billion[36]. - Total equity decreased slightly to CNY 1,873,833,537.02 from CNY 1,875,295,886.37, indicating a marginal decline of 0.08%[48]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,345[9]. - The net assets attributable to shareholders increased by 0.41% to CNY 2,487,002,478.11 from CNY 2,476,901,741.64 at the end of the previous year[6]. - Shareholders' equity increased to CNY 2.51 billion, up from CNY 2.50 billion[40]. Operational Metrics - Accounts receivable increased by 46% to ¥9,321,150.03 from ¥6,402,687.49 due to enhanced collection efforts[19]. - Inventory surged by 193% to ¥64,995,100.36 from ¥22,206,072.52 as the company increased its oil product stock[19]. - Other current assets rose by 343% to ¥7,968,634.56 from ¥1,799,075.71, primarily due to increased deductible input tax from higher inventory[19]. - Financial expenses decreased by 56% to -¥3,345,042.15 from -¥7,578,627.35 as the company did not have maturing time deposits this period[19]. - Investment income fell by 39% to ¥1,938,613.47 from ¥3,178,641.33 due to lower returns from investments[19]. Compliance and Standards - The company has committed to not engaging in competitive business activities with its controlling shareholder, ensuring compliance with competitive commitments[23]. - The first quarter report of Shenzhen Guangju Energy Co., Ltd. was not audited[65]. - The company has not applied the new financial instrument standards, new revenue standards, and new leasing standards for the first quarter[65]. - The report does not include retrospective adjustments for prior comparative data under the new financial instrument and leasing standards[65].

Financial Performance - The company's operating revenue for 2018 was ¥1,654,195,827.05, representing a 33.06% increase compared to ¥1,243,173,666.89 in 2017[17] - The net profit attributable to shareholders for 2018 was ¥107,730,577.90, a decrease of 28.27% from ¥150,193,990.42 in 2017[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥111,555,309.25, down 20.07% from ¥139,560,250.76 in 2017[17] - The basic earnings per share for 2018 was ¥0.20, a decline of 28.57% compared to ¥0.28 in 2017[17] - The total assets at the end of 2018 were ¥2,646,942,783.24, an increase of 3.67% from ¥2,553,163,400.19 at the end of 2017[17] - The net assets attributable to shareholders at the end of 2018 were ¥2,476,901,741.64, up 4.12% from ¥2,378,843,205.08 at the end of 2017[17] - The net cash flow from operating activities for 2018 was ¥78,107,696.85, a decrease of 4.41% from ¥81,714,869.65 in 2017[17] - The weighted average return on equity for 2018 was 4.44%, down 2.02 percentage points from 6.46% in 2017[17] Dividend Distribution - The company plans to distribute a cash dividend of ¥0.20 per 10 shares based on a total of 528,000,000 shares[4] - The company approved a cash dividend of RMB 0.20 per share for the 2017 fiscal year, distributing a total of RMB 10.56 million to shareholders[77] - For the 2018 fiscal year, the company reported a net profit of RMB 40,890,909.97, with a proposed cash dividend of RMB 0.20 per share, totaling RMB 10.56 million[78] - The cash dividend for 2018 represents 9.80% of the company's net profit attributable to shareholders[80] - The company’s cash dividend for 2017 was also RMB 10.56 million, which accounted for 7.03% of the net profit attributable to shareholders[80] - The company has consistently maintained a cash dividend of RMB 0.20 per share over the past three years[80] - The total cash dividends distributed over the last three years were RMB 10.56 million in both 2017 and 2018, and RMB 52.8 million in 2016[80] - The company’s cash dividends are fully funded from its distributable profits, with 100% of the profit distribution allocated to cash dividends in 2018[81] Operational Highlights - The company has not reported any changes in its main business since its listing[16] - Total revenue for the first quarter was ¥382,958,676.32, with a slight decrease in the third quarter to ¥428,537,603.46, and a total of ¥406,266,160.36 in the fourth quarter[21] - Net profit attributable to shareholders in the second quarter reached ¥66,576,653.36, while the fourth quarter saw a decline to ¥11,622,974.53[21] - The net cash flow from operating activities improved significantly in the fourth quarter, reaching ¥63,329,586.75, compared to a negative cash flow of -¥24,927,284.69 in the first quarter[21] - The company reported a 297% increase in prepayments, primarily due to increased PVC sales and corresponding procurement payments[31] - The liquid chemical storage market showed no significant improvement, leading to a substantial decline in net profit from this segment[30] - The company maintained a stable operating style with a low debt ratio, ensuring sufficient funding for future investment projects[35] - The company continues to expand its hazardous chemical sales business and supply channels, with an increase in both product varieties and customer base[30] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Shenzhen Guangju Property Management Co., Ltd., which was included in the consolidation scope starting in 2018[45] - The subsidiary Nanshan Petroleum generated a net profit of ¥70,659,854.43, contributing significantly to the company's overall performance[64] - The subsidiary Guangju Yisheng reported a net profit of ¥3,336,701.31, indicating a positive contribution to the company's earnings[64] - The company plans to split its subsidiary Nanshan Petroleum into two wholly-owned subsidiaries to optimize resource allocation and improve asset operation efficiency[117] Financial Management and Governance - The company has maintained a strong financial oversight with Li Hongsheng serving as the General Manager and Chief Financial Officer since December 2007[150] - The company is focused on enhancing its asset management and operational strategies through the restructuring of its subsidiaries[117] - The company is committed to maintaining high standards of financial reporting and compliance, as evidenced by the qualifications of its board members[151] - The leadership changes are part of a broader strategy to align the company's governance with its growth objectives[147] - The company continues to prioritize financial stability and strategic oversight through its experienced management team[150] Employee and Management Structure - The total number of employees in the company is 403, with 356 in major subsidiaries and 47 in the parent company[166] - The professional composition includes 125 technical staff, 64 financial personnel, and 141 administrative staff[166] - The educational background of employees shows 1 with a doctorate, 6 with a master's degree, and 69 with a bachelor's degree[169] - The company implements a performance-based compensation policy, linking employee salaries to individual performance and company profitability[170] - The company has been expanding its management team, with several members holding positions in other related companies[158] Audit and Compliance - The financial report for 2018 was audited by Ruihua Certified Public Accountants, which issued a standard unqualified audit opinion[198] - The internal control audit report issued a standard unqualified opinion, confirming effective internal controls as of December 31, 2018[193] - The company reported zero significant defects in both financial and non-financial reports for the year 2018[192] - The company has not reported any penalties from regulatory bodies in the past three years[161]

Financial Performance - Operating revenue for the reporting period was CNY 428,537,603.46, representing a 24.29% increase year-on-year[6] - Net profit attributable to shareholders decreased by 34.39% to CNY 15,496,168.62 compared to the same period last year[6] - The company reported a year-to-date net profit of CNY 96,107,603.37, down 19.95% compared to the same period last year[6] - Basic earnings per share decreased by 25.00% to CNY 0.03 for the reporting period[6] - The weighted average return on equity decreased by 0.38 percentage points to 0.63% for the reporting period[6] Assets and Liabilities - Total assets increased by 3.96% to CNY 2,654,144,114.46 compared to the end of the previous year[6] - Inventory rose by 169% to CNY 60,812,441.27 from CNY 22,588,168.24, attributed to the company's strategy to increase oil product stock in response to rising market prices[15] - Prepayments increased significantly by 239% to CNY 8,452,157.18 from CNY 2,494,045.78, mainly due to increased prepayments for oil purchases and PVC supplier payments[15] - Other current assets increased by 654% to CNY 6,786,755.31 from CNY 900,080.67, primarily due to the increase in oil inventory and corresponding input tax[15] - Accounts payable surged by 471% to CNY 1,788,407.73 from CNY 313,430.48, reflecting increased payable amounts for oil transportation and storage fees[15] Cash Flow - The net cash flow from operating activities decreased by 69.56% to CNY 14,778,110.10 year-to-date[6] - The net cash flow from operating activities decreased by 70% to CNY 14,778,110.10 from CNY 48,546,668.43, primarily due to a reduction in cash generated from sales and increased cash paid for purchases[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,169[10] - The largest shareholder, Shenzhen Guangju Investment Holding (Group) Co., Ltd., holds 55.54% of the shares[10] Non-Recurring Items - Non-recurring losses totaled CNY -884,010.92 for the reporting period[7] - The company reported a 220% increase in non-operating income to CNY 206,742.52 from CNY 64,680.80, mainly due to government subsidies received during the period[17] Future Outlook - The company expects significant changes in net profit for the upcoming reporting period, indicating potential losses or substantial fluctuations compared to the previous year[21]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥819,392,063.23, representing a 56.08% increase compared to ¥524,994,194.23 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 16.41% to ¥80,611,434.75 from ¥96,434,782.57 year-on-year[18]. - Basic earnings per share decreased by 16.37% to ¥0.1527 from ¥0.1826 in the same period last year[18]. - The gross profit margin decreased by 4.73 percentage points to 9.47%, with net profit of 32.74 million yuan, a decline of 6% compared to the previous year[33]. - The company reported a total investment in securities of CNY 125,510,713.21, with a loss of CNY 3,519,632.26 during the reporting period[53]. - The total comprehensive income for the year was RMB 82,699,492.74, compared to RMB 98,676,360.94 in the previous year, reflecting a decline of 16.1%[113]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-23,230,778.96, a decline of 536.91% compared to ¥5,317,097.68 in the previous year[18]. - The company’s cash flow from operating activities showed a net outflow of 23.23 million yuan, a decrease of 536.91% compared to the previous year[38]. - The company’s cash and cash equivalents at the end of the reporting period were ¥1,271,642,548.06, representing 48.15% of total assets, an increase from 47.45% in the previous year[46]. - The company’s cash flow situation reflects challenges in both operational and investment activities, necessitating strategic adjustments[126]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,641,107,493.23, an increase of 3.44% from ¥2,553,163,400.19 at the end of the previous year[18]. - The company's total liabilities increased to RMB 171,584,509.04 from RMB 151,401,366.13, reflecting a growth of approximately 13.5%[111]. - Accounts receivable increased by 29.68% compared to the beginning of the period, mainly due to an increase in accounts receivable from Guangju Yisheng[38]. - Inventory increased by 78.67% compared to the beginning of the period, attributed to rising oil prices and increased stock levels[38]. Investments and Subsidiaries - The company made an investment of ¥20,000,000.00 during the reporting period, marking a 100% increase compared to the previous year, as part of its investment in the Shenzhen Investment Control Tongchan New Materials Venture Capital Fund[51]. - The company’s investment income from its stake in ShenNan Electric was 3.67 million yuan, accounting for 4% of the net profit for the reporting period[35]. - The company’s subsidiary, Nanshan Petroleum, reported a net profit of CNY 32,744,372.73, contributing significantly to the overall net profit[57]. - The company’s subsidiary, Guangju Yisheng, generated a net profit of CNY 1,931,813.90 from its chemical and petroleum storage and transportation business[57]. Operational Challenges - The company anticipates a significant increase in competition in the retail oil market due to new foreign investment policies, which may lead to higher operational costs[60]. - The company’s retail business profitability has been declining due to rising gasoline prices and reduced margins[60]. - The wholesale business's gross margin is gradually decreasing due to frequent price adjustments influenced by international crude oil prices[61]. - The retail market faces significant challenges, with a substantial decline in fuel sales for taxis in Shenzhen, leading to squeezed retail margins[61]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the half-year period[67]. - There were no significant litigation or arbitration matters during the reporting period[72]. - The company has not engaged in any major related party transactions during the reporting period[74]. - The company has a commitment from its controlling shareholder to avoid engaging in competitive activities that could harm the company[68]. Safety and Training - A total of 68 fire drills and emergency response exercises were conducted, with 1,309 participants, alongside 98 safety training sessions with over 2,235 attendees[63]. Accounting Policies - The financial statements of the company comply with the requirements of the enterprise accounting standards, reflecting the financial position as of June 30, 2018, and the operating results and cash flows for the first half of 2018[136]. - The company adopts a calendar year as its accounting year, running from January 1 to December 31[137]. - The company uses Renminbi as its functional currency for domestic operations, while its overseas subsidiary uses Hong Kong dollars[139].

Revenue and Profitability - The company's revenue for Q1 2018 was ¥382,958,676.32, representing an increase of 82.97% compared to ¥209,296,353.02 in the same period last year[9] - The net profit attributable to shareholders was ¥14,034,781.39, a decrease of 62.51% from ¥37,432,074.93 year-on-year[9] - Basic earnings per share decreased to ¥0.0266 from ¥0.0709, reflecting a 62.51% drop[9] - Total operating revenue for the current period reached ¥382,958,676.32, a significant increase from ¥209,296,353.02 in the previous period, representing an increase of approximately 83%[38] - Net profit for the current period was ¥14,734,780.52, down from ¥38,350,299.46, reflecting a decrease of approximately 62%[39] - The profit attributable to the parent company's shareholders was ¥14,034,781.39, compared to ¥37,432,074.93 in the previous period, a decline of about 63%[40] - The total comprehensive income for the current period was ¥14,120,686.31, down from ¥38,232,031.79, a decrease of about 63%[40] - Investment income for the current period was ¥3,178,641.33, significantly lower than ¥23,474,841.90 from the previous period, indicating a decline of approximately 86%[39] Cash Flow and Financial Position - The net cash flow from operating activities was -¥24,927,284.69, a decline of 260.93% compared to ¥15,489,468.78 in the previous year[9] - Cash flow from operating activities showed a net outflow of CNY 24,927,284.69, a decline of 261% compared to the previous year[20] - Investment cash flow net outflow reached CNY 11,982,194.89, a significant increase of 2659% due to a new investment of CNY 20 million[20] - The company reported a net cash outflow from financing activities, although specific figures were not disclosed[51] - Cash and cash equivalents at the end of the period were CNY 1.28 billion, down from CNY 1.31 billion at the beginning of the period[47] - The company experienced a negative impact of CNY 619,278.36 from exchange rate fluctuations on cash and cash equivalents[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,556,484,582.20, a slight increase of 0.13% from ¥2,553,163,400.19 at the end of the previous year[9] - The total current assets decreased from CNY 1,474,238,501.57 to CNY 1,469,147,518.69, a decline of approximately 0.2%[31] - Total non-current assets increased from CNY 1,078,924,898.62 to CNY 1,087,337,063.51, a growth of about 0.4%[32] - Total liabilities decreased from CNY 151,401,366.13 to CNY 140,541,436.01, a decline of approximately 7.2%[33] - The total equity attributable to shareholders increased from CNY 2,378,843,205.08 to CNY 2,392,324,318.08, reflecting a growth of about 0.6%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,669[12] - The largest shareholder, Shenzhen Guangju Investment Holding (Group) Co., Ltd., held 55.54% of the shares, totaling 293,270,377 shares[13] Operational Performance - Operating revenue increased by 83% to CNY 382,958,676.32, driven by higher oil sales volume and prices[19] - Operating costs rose by 103% to CNY 347,048,970.87, primarily due to increased oil sales and purchase prices[19] - Sales expenses increased to ¥17,296,966.66 from ¥15,980,402.80, reflecting a rise of about 8%[39] - Management expenses decreased slightly to ¥7,678,192.72 from ¥8,372,878.72, a reduction of approximately 8%[39] Inventory and Current Assets - Inventory grew by 103% to CNY 45,907,374.66, attributed to increased stockpiling of oil products[18] - Accounts receivable increased significantly from CNY 6,848,752.91 to CNY 8,498,855.95, representing a growth of about 24.1%[31] - Other current assets surged by 285% to CNY 3,464,808.16, linked to increased inventory and corresponding input tax credits[18] - Accounts payable increased by 355% to CNY 1,426,886.11, primarily due to higher storage fees payable to Donghai Oil Depot[18] Miscellaneous - The company reported non-recurring losses totaling ¥27,992.89 during the reporting period[10] - The company anticipates potential losses or significant changes in net profit for the first half of 2018[22] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[52]