Financial Performance - The company's operating revenue for 2018 was CNY 550,605,308.53, representing a 55.01% increase compared to CNY 355,204,838.55 in 2017[16] - The net profit attributable to shareholders in 2018 was CNY 59,920,131.11, a significant turnaround from a loss of CNY 66,305,287.36 in 2017, marking a 190.37% improvement[16] - The basic earnings per share for 2018 was CNY 0.1245, compared to a loss of CNY 0.1378 per share in 2017, reflecting a 190.35% increase[16] - The total assets at the end of 2018 were CNY 2,740,064,973.53, a decrease of 9.80% from CNY 3,037,869,009.50 at the end of 2017[16] - The net cash flow from operating activities for 2018 was CNY -9,144,731.58, an improvement of 69.07% from CNY -29,564,283.33 in 2017[16] - The weighted average return on equity for 2018 was 2.84%, an increase of 5.93 percentage points from -3.09% in 2017[16] Business Operations - The company has expanded its main business focus to include wholesale and retail of petroleum and petrochemical products, along with energy trading and real estate development[15] - In 2018, the company's oil and petrochemical business achieved revenue of 299.39 million yuan, an increase of 18.48% compared to the previous year[34] - The real estate business generated revenue of 51.22 million yuan, a significant increase of 113.55% year-on-year, although it did not meet the annual operating plan[35] - The company reported a net profit of CNY 65,988,625.28 in Q3 2018, contrasting with losses in the first half of the year[21] - The company faced challenges in the oil market due to increased competition and fluctuating prices, leading to a strategic focus on low inventory operations[34] Asset Management - The company disposed of 7 gas stations, 1 oil depot, and a hazardous materials transportation fleet, recovering funds to support the main business development[35] - The company reported a non-operating income of 84.66 million yuan in 2018, compared to 27.21 million yuan in 2017[23] - The fair value of financial assets measured at fair value decreased by 94.03 million yuan due to a decline in stock market value[27] - The company experienced a loss of 72.98 million yuan from the fair value changes of trading financial assets and liabilities[22] - The company increased its equity assets by 21.31 million yuan, primarily due to increased investment income from long-term equity investments[27] Research and Development - The company plans to continue its research and development efforts in bio-diesel production and other innovative technologies[36] - The company's research and development expenses surged to ¥10,964,840.71, a significant increase of 3,101.56% year-on-year, reflecting a focus on developing new technologies[53] - The research and development personnel increased to 37, representing 11.75% of the workforce, up from 2.50% the previous year[53] Environmental Compliance - The company is currently in the process of improving its wastewater treatment systems in compliance with environmental regulations[36] - The company invested CNY 16.8 million in 2018 to improve wastewater discharge management in its oil storage facilities[138] - The main pollutants emitted by the subsidiary Haorui New Energy include 31.97 tons of sulfur dioxide and 100.64 tons of nitrogen oxides annually, with installed desulfurization and denitrification systems[137] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares, totaling CNY 14,420,619.79 based on the total share capital of 480,685,993 shares[4] - The total distributable profit for the year is ¥679,656,992.13, with cash dividends accounting for 100% of the profit distribution[95] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[97] - The company has appointed Zhongzheng Huacai Accounting Firm as its auditor, with an audit fee of ¥500,000 for the year[102] Strategic Initiatives - The company plans to focus on expanding its oil storage, wholesale, and retail business, leveraging its large oil storage capacity and favorable logistics[85] - The company aims to expedite the production of biodiesel by completing the expansion of wastewater treatment facilities and improving extraction technology for sterols[85] - The company is exploring new sales channels and partnerships to enhance its oil product distribution and increase profitability[84] Financial Health - The company reported a 132.80% increase in cash inflow from investment activities, totaling ¥236,500,704.23, indicating successful asset disposals[56] - The company’s total liabilities increased, leading to a net cash outflow from financing activities of -¥238,766,095.43, a significant decline compared to the previous year[57] - The company is focused on improving its financial health through strategic asset disposals and debt recovery efforts[148] Employee Engagement - The company is focusing on enhancing talent acquisition and internal management to improve employee engagement and innovation[36] - The company employed a total of 315 staff members, including 90 production personnel and 60 technical personnel[182][183] - The educational background of employees includes 11 with postgraduate degrees, 71 with bachelor's degrees, and 101 with associate degrees[183] Market Challenges - Domestic revenue constituted 97.96% of total revenue, reflecting an 89.61% increase year-on-year, whereas international revenue plummeted by 84.12%[39] - The company reported a significant decrease in oil sales volume by 30.30% to 60,434.13 tons, attributed to the transfer of equity in subsidiaries[43] - The production volume of oil products dropped by 96.81% to 970.32 tons due to insufficient raw material procurement caused by rising crude oil prices[44]

Financial Performance - The company's operating revenue for Q1 2019 was ¥61,212,080.79, a decrease of 68.16% compared to ¥192,233,189.60 in the same period last year[8] - Net profit attributable to shareholders was ¥23,747,774.58, a significant increase of 262.92% from a loss of ¥14,576,148.83 in the previous year[8] - Basic earnings per share rose to ¥0.0494, compared to a loss of ¥0.0303 in the same period last year, marking an increase of 263.04%[8] - Operating revenue fell by 68.16% to ¥61.21 million compared to the same period last year, primarily due to a decrease in sales[17] - Operating costs decreased by 73.46% to ¥44.30 million, reflecting the decline in sales revenue[17] - The company reported a significant increase in other operating expenses, with a rise of 3660.13% to ¥1.02 million, mainly due to increased donation expenses[17] - The total profit for the first quarter was CNY 218,489.62, a significant decrease from CNY 6,238,432.72 in the previous year, reflecting a decline of approximately 96.5%[47] - Operating profit for the quarter was CNY 1,232,097.60, down from CNY 6,238,845.49, indicating a decrease of about 80.2% year-over-year[47] Cash Flow - The net cash flow from operating activities was negative at ¥132,857,542.50, a decline of 629.40% from negative ¥18,214,694.46 in the previous year[8] - The net cash flow from operating activities worsened by 629.40% to -¥132.86 million, mainly due to increased tax payments and reduced cash inflow from sales[17] - Cash flow from operating activities showed a net outflow of CNY -132,857,542.50, compared to a smaller outflow of CNY -18,214,694.46 in the same period last year, representing a worsening cash flow situation[51] - Cash inflows from operating activities totaled CNY 83,333,117.69, down from CNY 166,120,694.59, a decline of approximately 50%[51] - Cash outflows for operating activities increased to CNY 216,190,660.19 from CNY 184,335,389.05, marking an increase of about 17.3%[51] - Financing activities generated a net cash inflow of CNY 14,644,388.61, contrasting with a net outflow of CNY -133,619,015.21 in the same quarter last year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,722,807,772.17, a slight decrease of 0.63% from ¥2,740,064,973.53 at the end of the previous year[8] - Total liabilities decreased from CNY 598,613,870.63 as of December 31, 2018, to CNY 561,011,419.18, a reduction of approximately 6.3%[34] - The company's total assets as of March 31, 2019, were CNY 2,722,807,772.17, down from CNY 2,740,064,973.53 at the end of 2018, indicating a decrease of about 0.6%[35] - The total equity attributable to shareholders increased from CNY 2,150,064,686.18 to CNY 2,172,249,570.67, reflecting an increase of approximately 1.0%[35] - The company's total liabilities decreased to CNY 310,165,464.93 from CNY 345,501,540.03, reflecting a reduction of approximately 10.2%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,078[12] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 29.67% of the shares, amounting to 142,605,016 shares[12] Investment and Other Income - Non-recurring gains and losses totaled ¥26,335,097.80, primarily driven by fair value changes in financial assets[9] - Fair value changes in investment income increased by 318.38% to ¥36.03 million, attributed to gains in securities investments[17] - The company reported an investment income of CNY 7,328,452.49, down from CNY 8,653,250.90 in the same period last year[41] - Other comprehensive income after tax was CNY -1,645,005.63, compared to CNY -7,599,021.30 in the previous year, indicating an improvement[43] Changes in Assets - The company's inventory increased slightly from CNY 738,727,794.18 to CNY 747,962,353.80, an increase of about 1.6%[32] - The company reported a significant increase in prepayments from CNY 10,667,677.57 to CNY 69,462,608.46, representing a growth of approximately 551.5%[32] - Deferred income tax liabilities increased by 33.68% to ¥35.75 million, linked to the rise in fair value of securities investments[17] - Deferred income tax liabilities increased from CNY 26,742,297.21 to CNY 35,749,227.39, an increase of about 33.5%[34] - The company’s long-term equity investments rose from CNY 350,799,761.09 to CNY 357,935,097.92, reflecting an increase of approximately 2.4%[33] Corporate Actions - The company repurchased a total of 453,301 shares at a price range of ¥3.83 to ¥4.31 per share, totaling ¥1.86 million[20] - The company terminated its major asset restructuring plan due to disagreements on shareholding ratios and valuations[19] Audit and Reporting - The company did not undergo an audit for the Q1 2019 report, which may affect the reliability of the financial data presented[57]

Financial Performance - Operating revenue increased by 32.99% to CNY 160,981,287.05 for the current period, and by 89.80% to CNY 480,743,837.13 year-to-date[8] - Net profit attributable to shareholders increased by 821.01% to CNY 65,988,625.28 for the current period, and by 150.42% to CNY 26,833,913.27 year-to-date[8] - Basic earnings per share rose by 820.81% to CNY 0.1372 for the current period, and by 150.45% to CNY 0.0558 year-to-date[8] - The company's operating revenue for the first three quarters of 2018 reached ¥480,743,837.13, an increase of 89.80% compared to ¥253,290,186.19 in the same period of 2017[16] - The net profit attributable to the parent company was ¥26,833,913.27, a significant turnaround from a loss of ¥53,220,694.89 in the previous year, representing a 150.42% increase[17] Asset and Liability Management - Total assets decreased by 10.34% to CNY 2,723,663,912.47 compared to the end of the previous year[8] - The company reduced short-term loans by 30.08%, from ¥391,876,788.80 to ¥274,000,000.00, mainly due to repayments made during the period[16] - The company’s long-term prepaid expenses surged by 1331.31% to ¥24,133,346.17, mainly due to the capitalization of completed development project costs[16] - The company’s deferred income tax liabilities decreased by 31.60% to ¥34,373,558.65, primarily due to the reversal of previously recognized liabilities[16] Cash Flow - The company reported a net cash flow from operating activities of CNY -40,002,728.27, a decrease of 9.58% year-to-date[8] - The cash flow from investment activities increased by 403.94% to ¥72,496,510.62, primarily due to higher cash received from asset disposals compared to the previous year[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,884[12] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 29.64% of the shares, amounting to 142,605,016 shares[12] Strategic Developments - There were no significant changes in the company's strategy or new product developments mentioned during the reporting period[15] - The company plans to repurchase shares using up to ¥43.3 million of its own funds, with a maximum price of ¥4.33 per share, although the implementation is subject to regulatory restrictions[18] Investments and Acquisitions - The company completed the transfer of assets worth ¥65.8 million to Sinopec, receiving 90% of the payment amounting to ¥59.22 million[19] - The company invested ¥50 million in establishing a partnership fund, with an initial payment of ¥20 million already made[19] - The company transferred equity stakes in four subsidiaries to China National Oil and Chemical Corporation for a total of 2,885,000 RMB, resulting in 100% ownership of these subsidiaries by China National Oil[22] - The company acquired an additional 12% stake in Shenzhen Borui Education Technology Co., increasing its ownership to 52% for a nominal price of 1 RMB[23] Compliance and Governance - The company has not reported any overdue commitments from major stakeholders during the reporting period[25] - There are no significant changes expected in the company's net profit for the year compared to the previous year[26] - The company has not engaged in any entrusted financial management during the reporting period[28] - There were no derivative investments made by the company during the reporting period[29] - The company did not conduct any investor meetings or communications during the reporting period[30] - There were no instances of non-compliant external guarantees during the reporting period[31] - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period[32] Other Financial Metrics - The weighted average return on net assets increased to 3.18%, up from 2.85%[8] - Non-operating income from the disposal of non-current assets amounted to CNY 59,617,227.38, primarily from the sale of subsidiary assets[9] - Financial expenses decreased by 57.54% to ¥11,027,716.35, attributed to increased exchange gains compared to the previous year[16] - The first phase of the biodiesel project by Xinjiang Haorui New Energy Co., with an annual production capacity of 30,000 tons, has completed key upgrades, including coal-to-gas conversion and flue gas treatment, but has not yet passed environmental acceptance[22]

Financial Performance - The company's operating revenue for the reporting period was CNY 319,762,550.08, representing a 141.79% increase compared to CNY 132,245,854.86 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 39,154,712.01, an improvement of 35.16% from a loss of CNY 60,385,497.60 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,982,963.94, compared to a loss of CNY 39,122,992.50 in the same period last year, marking a 120.40% increase[18]. - The net cash flow from operating activities was a negative CNY 2,912,554.33, significantly improved by 94.07% from a negative CNY 49,123,880.80 in the previous year[18]. - The total operating revenue for the current period reached CNY 320,146,328.53, a significant increase from CNY 132,245,854.86 in the previous period, representing a growth of approximately 142.5%[123]. - The net loss for the current period was CNY 41,517,391.92, compared to a net loss of CNY 61,648,104.46 in the previous period, showing an improvement of approximately 32.7%[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,761,582,960.78, down 9.09% from CNY 3,037,869,009.50 at the end of the previous year[18]. - The total liabilities decreased by 1.17% year-on-year, with short-term loans amounting to CNY 324,000,000.00[41]. - Total liabilities decreased from CNY 452,594,783.41 to CNY 325,627,923.99, a reduction of approximately 28.0%[121]. - The total equity attributable to shareholders decreased from CNY 2,083,031,553.57 to CNY 2,046,860,516.48, a decrease of about 1.7%[116]. Revenue Sources - The oil product sales revenue increased significantly due to adjustments in the operating model and leveraging storage platform advantages[31]. - The real estate business revenue grew compared to the previous year, despite a declining market due to government project slowdowns[31]. - Real estate development revenue increased by 309.80% year-on-year, with a gross profit margin of 56.24%, up 25.69 percentage points from the previous year[35]. - Domestic operating revenue reached CNY 287,680,561.77, a year-on-year increase of 230.91%[35]. - Foreign operating revenue decreased by 59.67% year-on-year, totaling CNY 9,390,405.72[36]. Investment and Cash Flow - The investment cash flow net increased by 748.44% to 14.43 million yuan, mainly due to reduced payments for fixed asset purchases[34]. - The company reported a cash flow from operating activities of -2.91 million yuan, a significant improvement of 94.07% compared to the previous year[34]. - Cash inflow from investment activities was 19,636,504.14 CNY, compared to 10,504,325.50 CNY in the previous period, indicating growth in investment returns[132]. - Cash outflow from investment activities was 5,209,081.57 CNY, down from 12,729,265.33 CNY year-over-year, suggesting reduced capital expenditures[132]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,924[101]. - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 29.64% of shares, totaling 142,605,016 shares[101]. - The total number of shares is 481,139,294, with 100% being ordinary shares[100]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[103]. Environmental and Social Responsibility - The company is actively developing a biodiesel project, focusing on process optimization and environmental compliance[31]. - The company donated 100,000 CNY to the poverty alleviation fund in Shache County, Xinjiang, in the first half of 2018[90]. - The company has implemented measures to reduce noise pollution and improve environmental monitoring systems[88]. Compliance and Governance - The company has maintained compliance with all commitments made to shareholders and has not faced any penalties or corrective actions[69]. - The company has not engaged in any derivative investments during the reporting period[47]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[69]. Financial Reporting and Accounting - The financial report was approved by the board of directors on August 24, 2018, reflecting the company's financial position and operating results[152]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements are true and complete[158]. - The company's financial statements are prepared in Renminbi, which is the functional currency for accounting purposes[161].

Financial Performance - The company's operating revenue for Q1 2018 was ¥192,233,189.60, representing a 220.22% increase compared to ¥60,032,203.99 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥14,576,148.83, an improvement of 25.61% from a loss of ¥19,594,288.52 in the previous year[8] - The net cash flow from operating activities improved to -¥18,214,694.46, a 75.73% increase compared to -¥75,046,706.02 in the same period last year[8] - The basic earnings per share were -¥0.0303, showing a 25.55% improvement from -¥0.0407 in the previous year[8] - Operating revenue for Q1 2018 increased by 220.22% to ¥192,233,189.60, primarily driven by increased sales from subsidiaries[16] - Operating costs rose by 226.27% to ¥166,888,612.78, corresponding to the increase in sales revenue[16] - Financial expenses surged by 125.90% to ¥11,115,283.59, mainly due to increased foreign exchange losses[16] - Investment income increased by 65.98% to ¥8,653,250.90, attributed to higher returns from long-term equity investments accounted for using the equity method[16] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,856,486,761.96, a decrease of 5.97% from ¥3,037,869,009.50 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.06% to ¥2,060,972,569.21 from ¥2,083,031,553.57 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 56,551[12] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 29.64% of the shares, amounting to 142,605,016 shares, with a portion pledged[12] Cash Flow Analysis - The company's cash and cash equivalents decreased by 48.98% to ¥151,058,387.39 due to loan repayments[16] - Cash flow from operating activities improved by 75.73% to -¥18,214,694.46, reflecting higher cash receipts from sales compared to the previous year[16] - Cash flow from investing activities turned positive at ¥10,008,268.37, a 268.94% increase, due to proceeds from the disposal of subsidiaries[16] - Cash flow from financing activities decreased significantly by 346.41% to -¥133,619,015.21, due to a net reduction in loans[16] Equity Transactions - The company completed the transfer of 51% equity in a subsidiary for a total price of ¥10,692,100, receiving all transfer payments[18] Commitments and Liabilities - There were no overdue commitments from major shareholders or related parties during the reporting period[19]

Financial Performance - The company's operating revenue for Q1 2018 was ¥192,233,189.60, representing a 220.22% increase compared to ¥60,032,203.99 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥14,576,148.83, an improvement of 25.61% from a loss of ¥19,594,288.52 in the previous year[7]. - The company's basic and diluted earnings per share improved to -¥0.0303, a 25.55% increase from -¥0.0407 in the same period last year[7]. - The company reported a net profit of -15,024,107.89 yuan for Q1 2018, compared to -20,287,407.37 yuan in the same period last year, showing an improvement of approximately 26.5%[38]. - The total profit for the company was -16,542,143.08 yuan, compared to -19,973,059.19 yuan in the same period last year, indicating a reduction in losses of approximately 17.9%[38]. Cash Flow - The net cash flow from operating activities improved to -¥18,214,694.46, a 75.73% increase compared to -¥75,046,706.02 in the same period last year[7]. - The company's operating cash flow improved by 75.73%, reaching -18,214,694.46 CNY compared to -75,046,706.02 CNY in the same period last year[16]. - The company reported a cash inflow from operating activities of 154,188,278.04 yuan, compared to 83,794,503.09 yuan in the previous year, representing an increase of about 84.3%[44]. - The total cash outflow from operating activities was 184,335,389.05 CNY, compared to 164,440,777.13 CNY in the same period last year[45]. - The company reported a cash outflow of 127,876,788.80 CNY for debt repayment during the quarter[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,856,486,761.96, down 5.97% from ¥3,037,869,009.50 at the end of the previous year[7]. - The total liabilities decreased from CNY 943,134,750.79 to CNY 798,282,865.90, showing a reduction of about 15.4%[32]. - The total equity attributable to shareholders of the parent company was CNY 2,060,972,569.21, down from CNY 2,083,031,553.57, a decrease of approximately 1.1%[32]. - The company's total assets decreased from CNY 2,113,874,997.34 at the beginning of the year to CNY 1,988,773,120.71 by the end of Q1 2018, reflecting a decline of approximately 5.9%[34]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,551[11]. - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 29.64% of the shares, amounting to 142,605,016 shares[11]. Investment Activities - The company’s investment income increased by 65.98% to ¥8,653,250.90, primarily due to higher long-term equity investment returns[15]. - Investment activities generated a cash flow of 10,008,268.37 CNY, a significant increase of 268.94% from -5,923,981.10 CNY year-on-year[16]. - The investment income from joint ventures and associates was 8,155,822.73 yuan, up from 4,406,873.32 yuan year-over-year, indicating a growth of approximately 84.5%[41]. Financial Expenses - The company reported a significant decrease in financial expenses, which rose to ¥11,115,283.59, a 125.90% increase due to exchange rate losses[15]. - The company incurred financial expenses of 11,115,283.59 yuan, which is a significant increase from 4,920,499.47 yuan in the previous year[38]. Other Comprehensive Income - The company's other comprehensive income improved from -CNY 23,908,584.90 to -CNY 31,507,606.20, indicating a worsening of approximately 31.8%[32]. - Other comprehensive income after tax attributable to the parent company was -7,599,021.30 yuan, compared to 1,567,771.90 yuan in the previous year, indicating a decline[38]. Inventory and Receivables - Accounts receivable increased from 107,034,032.03 CNY to 130,951,953.33 CNY, showing a growth of about 22.4%[29]. - Inventory levels decreased from 829,206,477.21 CNY to 743,455,623.87 CNY, a reduction of approximately 10.3%[29].

Financial Performance - The company's operating revenue for 2017 was ¥355,204,838.55, a decrease of 32.11% compared to ¥523,202,638.00 in 2016[18] - The net profit attributable to shareholders was -¥66,305,287.36, representing a decline of 288.27% from a profit of ¥35,217,632.21 in the previous year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥93,512,940.45, a significant drop of 682.92% compared to -¥11,944,065.94 in 2016[18] - The basic earnings per share were -¥0.1378, a decrease of 288.25% from ¥0.0732 in the previous year[18] - The total revenue of CNY 355,604,838.55 for 2017, a decrease of 32.03% compared to the previous year[39] - The company’s net profit attributable to shareholders was -CNY 6,630.53 million, a decline of 288.27% year-on-year, primarily due to increased losses from fair value changes in securities investments[39] - The company reported a net loss of approximately 66.31 million yuan in 2017, with no cash dividends proposed for the year[104] Cash Flow and Assets - The net cash flow from operating activities was -¥29,564,283.33, showing an improvement of 12.08% from -¥33,624,732.45 in 2016[18] - The total assets at the end of 2017 were ¥3,037,869,009.50, a decrease of 2.52% from ¥3,116,249,830.61 at the end of 2016[18] - The net cash flow from investment activities surged by 219.01% to 78,050,099.82 CNY, mainly due to proceeds from the disposal of subsidiaries[61] - The net increase in cash and cash equivalents was 35,093,673.32 CNY, reflecting a 155.14% improvement compared to the previous year[61] - Total assets increased with cash and cash equivalents rising to ¥296,087,711, representing 9.75% of total assets, up from 8.25% in the previous year, a 1.50% increase[66] Revenue Segments - The company’s oil product sales revenue for 2017 was ¥25,268.67 million, a decrease of 24.09% compared to the previous year[34] - The oil products segment generated revenue of CNY 252,686,699.30, accounting for 71.14% of total revenue, down 24.09% year-on-year[42] - The real estate development segment's revenue was CNY 23,986,600.73, representing a significant decline of 77.51% compared to the previous year[42] - The company’s real estate sales volume decreased by 73.10% year-on-year, with only 2,710.68 square meters sold[46] Operational Strategies - The company has implemented a strategy of "just-in-time procurement and sales" to mitigate price risks and control inventory levels[34] - The company is focusing on expanding its sales channels and strengthening cooperation with major clients to enhance its market presence[34] - The company plans to enhance internal management and control costs to mitigate operational expenses and improve profitability[38] - The company plans to enhance its oil product wholesale operations and expand its sales business to increase revenue and operational efficiency[97] Investments and Projects - The company’s investment in a 400,000-ton crude oil refining project in Kyrgyzstan commenced production in April 2017, producing qualified gasoline, diesel, and other products[28] - The company completed the capital increase for Xinjiang Haorui New Energy Co., Ltd. for the biodiesel phase I project, with all raised funds of 41,936.92 million yuan fully utilized by February 2017[80] - The company’s subsidiary, Xinjiang Haorui New Energy Co., Ltd., is investing in a biodiesel project with an annual production capacity of 30,000 tons, which has faced challenges in raw material processing and product quality[152] Risk Management - The company has faced risks related to industrial policy adjustments and price changes, which are detailed in the report[5] - The company will continue to strengthen risk management to mitigate market and operational risks associated with increased competition in the oil sector[99] - The company plans to actively monitor geopolitical and economic conditions in foreign markets to manage overseas operational risks[99] Corporate Governance - The company has established a complete management system for raised funds, ensuring timely disclosure and compliance with approval procedures for any changes in fund usage[80] - The board of directors consists of nine members, including three independent directors, who actively participate in decision-making and oversight[187] - The independent directors did not raise any objections to company matters during the reporting period[195] - The company emphasizes the importance of shareholder engagement and transparency in its operations[171] Employee and Management Information - The total number of employees in the company is 400, with 41 in the parent company and 359 in major subsidiaries[181] - The total remuneration for directors, supervisors, and senior management in the reporting period amounts to 668.07 million yuan[179] - The company implements a position-based salary system, considering various factors such as job importance and complexity[182] Social Responsibility - The company has provided CNY 10 million in assistance for housing facilities to impoverished families in the targeted poverty alleviation area[140] - An additional CNY 300,000 was allocated for targeted poverty alleviation efforts in the Hetian region[140] - The company invested CNY 6.15 million in environmental protection measures, particularly for the wastewater treatment system of its biodiesel project[144]

Financial Performance - Operating revenue for the reporting period was CNY 121,044,331.33, down 25.92% year-on-year, and down 34.46% for the year-to-date[8] - Net profit attributable to shareholders was CNY 7,164,802.71, a significant decline of 73.57% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -15,692,338.03, a decrease of 689.64% year-on-year[8] - The basic earnings per share were CNY 0.0149, down 73.58% compared to the same period last year[8] - The weighted average return on net assets was 0.33%, a decrease of 0.92% compared to the previous year[8] - The net profit attributable to the parent company was a loss of ¥53.22 million, a significant decline of 557.97% year-on-year[16] - Financial expenses increased by 2149.62% to ¥25.97 million, primarily due to decreased exchange gains compared to the previous year[16] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 3,028,166,575.82, a decrease of 2.83% compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 3.40% to CNY 2,114,833,328.77[8] - The number of ordinary shareholders at the end of the reporting period was 63,068[12] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 29.64% of the shares, totaling 142,605,016 shares[12] Cash Flow - The company reported a net cash flow from operating activities of CNY -36,506,134.46 for the year-to-date, an improvement of 65.64%[8] - The net cash flow from operating activities improved by 65.64%, amounting to -¥36.51 million, due to reduced cash payments for goods and taxes[16] - The net cash flow from investing activities was ¥14.39 million, a 146.94% increase, due to proceeds from the disposal of subsidiaries[16] Investments and Projects - Investment income rose by 156.45% to ¥57.44 million, mainly due to the disposal of subsidiaries[16] - The company has completed the construction of the wastewater treatment upgrade project, but the biodiesel project remains in standby for trial production due to national environmental policies[17] - The company transferred 100% equity of Xinjiang Guorui Property Service Co., Ltd. for ¥23 million, with the transfer price fully recovered[17] - The company invested ¥100,000 in poverty alleviation efforts in Tashkurgan County, and ¥300,000 for the establishment of a poverty alleviation fund in Hotan Prefecture[26] Operating Costs - Operating costs decreased by 28.16% to ¥229.47 million, attributed to reduced sales compared to the same period last year[16]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥132,245,854.86, a decrease of 40.71% compared to ¥223,064,363.35 in the same period last year[16] - The net profit attributable to shareholders of the listed company was -¥60,385,497.60, representing a decline of 289.85% from -¥15,489,298.21 in the previous year[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥39,122,992.50, a decrease of 316.03% compared to -¥9,403,787.52 in the same period last year[16] - The basic earnings per share were -¥0.1255, a decline of 289.75% from -¥0.0322 in the same period last year[16] - The diluted earnings per share were also -¥0.1255, reflecting the same percentage decline as the basic earnings per share[16] - The weighted average return on net assets was -2.80%, a decrease of 2.08% compared to -0.72% in the previous year[16] - The company reported a net cash flow from operating activities of CNY -49.12 million, an improvement of 41.58% compared to the previous year[33] - The company reported a net loss of RMB 11,406,549.49 for the current period[141] Revenue Breakdown - In the first half of 2017, the company's oil sales revenue was CNY 68.87 million, a decrease of 53.71% compared to the same period last year[28] - The real estate segment generated sales revenue of CNY 11.99 million, down 68.43% year-on-year due to a sluggish local market[28] - Oil sales revenue decreased by 53.71% year-on-year, primarily due to oversupply in the domestic oil market and increased competition[34] - Real estate sales revenue dropped by 68.43% year-on-year, attributed to a sluggish local real estate market and reduced sales volume[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,044,702,151.49, a decrease of 2.30% from ¥3,116,249,830.61 at the end of the previous year[16] - The net assets attributable to shareholders of the listed company were ¥2,128,526,632.74, down 2.78% from ¥2,189,295,177.84 at the end of the previous year[16] - The company's total assets are CNY 2,107,805,236.80, slightly up from CNY 2,090,619,588.60 in the previous period[118] - Current liabilities increased to CNY 377,296,536.49 from CNY 333,704,338.74, reflecting a rise of 13.0%[118] - The company's total equity decreased to CNY 1,665,508,700.31 from CNY 1,676,915,249.86, a decline of 0.6%[118] Investments and Projects - The company invested CNY 1.2 million in Shenzhen Borui Education Technology Co., holding a 40% stake[23] - The Kyrgyzstan oil refining project has a capacity of 400,000 tons per year and has begun production of gasoline, diesel, and other products[29] - The biodiesel project is awaiting environmental inspection before commencing operations, impacting production timelines[29] - The company signed a supply contract for heavy oil (residual oil) with the Kyrgyz Public Utilities Association by the end of June 2017, facilitating smoother inventory turnover[57] Financial Management - The financial expenses increased by 369.41% to CNY 16.64 million, mainly due to exchange rate fluctuations[33] - The company plans to adjust its procurement model in response to market fluctuations, aiming to reduce oil product losses and expand its business in northern and southern Xinjiang[56] - The company has extended the borrowing period of 70 million yuan from its controlling shareholder by an additional six months, with interest payments of 2.26 million yuan made in the first half of 2017[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,818, with the largest shareholder holding 29.64% of the shares[97] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 142,605,016 shares, which represents 29.64% of the total shares[98] - The company has proposed a cash dividend of 0.3 yuan per 10 shares, totaling 14.43 million yuan, which represents 100% of the distributable profit[61] Compliance and Governance - The semi-annual financial report was not audited[109] - The company did not undergo any changes in its board of directors, supervisors, or senior management during the reporting period[105] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[86] - The company has maintained a commitment to safety and social responsibility, actively participating in community support and employee welfare initiatives[85] Accounting Policies - The company's financial statements comply with the accounting standards and accurately reflect its financial position, operating results, and cash flows for the reporting period[154] - The company’s accounting policies are based on the enterprise accounting standards, ensuring consistency in financial reporting[153] - Cash and cash equivalents are defined as cash on hand, demand deposits, and short-term investments with minimal risk of value fluctuation[173] Inventory and Asset Management - The company categorizes inventory into various types, including raw materials, finished goods, and work-in-progress[187] - Inventory is valued at actual cost upon acquisition, with a weighted average method used for cost calculation upon issuance[188] - The company assesses the net realizable value of inventory at the end of the period, ensuring that the lower of cost or net realizable value is applied for inventory write-downs[188]

新疆国际实业股份有限公司 2017 年第一季度报告全文 新疆国际实业股份有限公司 2017 年第一季度报告 2017 年 04 月 1 新疆国际实业股份有限公司 2017 年第一季度报告全文 第一节 重要提示 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人丁治平、主管会计工作负责人乔新霞及会计机构负责人(会计主 管人员)王芳兰声明：保证季度报告中财务报表的真实、准确、完整。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 60,032,203.99 | 50,505,280.72 | 18.86% | | 归属于上市公司股东的净利润（元） | -19,594,288.52 | -24,501,566.25 | 20.03% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -14,692,036.59 | -10,199,035.57 | - ...