Group 1: Financial Performance - In 2020, the company sold 12.25 million tons of cement, an increase of 12.22% compared to the previous year, while the average selling price decreased by 8.7% [2] - The consolidated revenue for 2020 was CNY 35.48 billion, a 9.73% increase year-on-year, with a profit of CNY 6.753 billion, reflecting a decrease of 1.97 percentage points [2] - The net profit attributable to shareholders was CNY 2.850 billion, an increase of CNY 149 million compared to the previous year, with earnings per share of CNY 1.96, up by CNY 0.11 [2] - The total assets amounted to CNY 58.947 billion, with total liabilities of CNY 26.798 billion, resulting in a debt-to-asset ratio decrease from 52.52% to 45.46% [2] Group 2: Market Outlook - The company anticipates a positive demand outlook for the Beijing-Tianjin-Hebei region in 2021, driven by recovery from the pandemic and ongoing construction projects in Xiong'an New Area [3] - The Northeast market is expected to see improved demand in 2021, supported by the commencement of major infrastructure projects [3] - The company plans to establish a large-scale aggregate base in the Beijing and Xiong'an areas, with ongoing efforts to enhance production capacity [2] Group 3: Capital Expenditure and Strategic Initiatives - In 2020, capital expenditures focused on the Tongchuan 10,000-ton line, collaborative disposal projects, and environmental upgrades [3] - Future capital expenditures will prioritize capacity replacement projects, smart factory initiatives, and green mining developments [3] - The company aims to accelerate the relocation and capacity replacement projects for Handan Taihang and Panshi companies, while pursuing mergers and acquisitions in the cement sector [3]

Revenue and Profitability - Revenue for Q3 2022 reached ¥10,505,800,835.12, an increase of 6.25% year-over-year, while year-to-date revenue was ¥27,351,153,779.45, up 4.38% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was ¥493,430,838.93, a decrease of 16.79% year-over-year, with year-to-date net profit at ¥1,634,284,287.18, down 10.24% compared to the previous year[3]. - Basic earnings per share for Q3 2022 was ¥0.1856, a decline of 53.48% year-over-year, while diluted earnings per share was ¥0.1813, down 51.38% compared to the same period last year[3]. - Total operating revenue for Q3 2022 reached CNY 27,351,153,779.45, an increase of 4.37% compared to CNY 26,203,722,464.90 in the same period last year[17]. - The company's net profit for the period was not explicitly stated, but the increase in operating revenue suggests potential growth in profitability[17]. - The net profit for Q3 2022 was CNY 1,734,702,717.91, a decrease of 42.8% compared to CNY 3,035,641,113.85 in Q3 2021[18]. - The total profit for Q3 2022 was CNY 2,147,905,846.55, down 43.9% from CNY 3,819,618,976.51 in the same period last year[18]. - The basic earnings per share for Q3 2022 was CNY 0.6148, compared to CNY 1.2113 in Q3 2021, reflecting a decline of 49.3%[19]. - The total comprehensive income for Q3 2022 was CNY 1,524,706,529.95, down 49.7% from CNY 3,025,170,680.74 in Q3 2021[19]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥2,344,768,256.21, reflecting a significant decrease of 50.87% year-over-year[3]. - The net cash flow from operating activities decreased by 50.87% to CNY 2,344,768,256.21 compared to CNY 4,772,517,628.58 in the same period last year, primarily due to a significant increase in cash payments for raw materials like coal[8]. - The net cash flow from investing activities worsened by 64.89%, amounting to CNY -1,874,840,063.55, mainly due to the subscription of shares in Xinjiang Tianshan Cement Co., Ltd. and the acquisition of a 72% stake in Shanxi Huaren Fulong Cement Co., Ltd.[8]. - The total cash outflow from investing activities in Q3 2022 was CNY 2,487,195,376.98, an increase from CNY 1,734,095,044.84 in Q3 2021[21]. - The net cash flow from financing activities for Q3 2022 was -CNY 2,389,457,720.82, compared to -CNY 1,954,448,600.05 in Q3 2021[21]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥62,032,595,876.28, representing a 2.82% increase from the end of the previous year[3]. - The equity attributable to shareholders decreased to ¥30,984,327,158.37, down 2.59% from the end of the previous year[3]. - Accounts receivable increased by 55.03% to ¥2,151,290,241.46, primarily due to outstanding payments from customers[7]. - Total liabilities increased to CNY 29,090,816,779.37 from CNY 26,551,686,874.74, reflecting a rise in financial obligations[16]. - The company's total current assets increased to CNY 16,570,619,183.00 as of September 30, 2022, up from CNY 15,997,832,380.30 at the beginning of the year[14]. - The company's total assets as of September 30, 2022, included long-term equity investments valued at CNY 1,638,529,116.43, down from CNY 2,007,498,311.54 at the beginning of the year[14]. - The company's long-term borrowings decreased to CNY 3,018,818,500.00 from CNY 4,632,000,000.00, suggesting a shift in financing strategy[16]. Operating Costs and Expenses - Total operating costs amounted to CNY 25,699,164,814.45, up 10.00% from CNY 23,366,447,921.20 year-on-year[17]. - Research and development expenses for the period were CNY 152,163,709.08, slightly up from CNY 142,726,131.55, showing continued investment in innovation[17]. - The income tax expense decreased by 47.29% to CNY 413,203,128.64, attributed to a reduction in total profit compared to the previous year[8]. - The operating income from non-operating activities decreased by 76.96% to CNY 53,701,485.71, primarily due to the transfer income from cement clinker capacity indicators obtained by some subsidiaries in the same period last year[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 103,904, with Beijing Jinyu Group Co., Ltd. holding 44.34% of the shares[10].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 16,845,352,944.33, an increase of 3.24% compared to the same period last year[14]. - The net profit attributable to shareholders was CNY 1,140,853,448.25, representing a decrease of 7.08% year-on-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 1,066,890,096.11, down 9.74% from the previous year[14]. - The company's cash flow from operating activities was CNY 813,549,454.76, a significant decline of 74.34% compared to the same period last year[14]. - The basic earnings per share decreased by 48.21% to CNY 0.4292 compared to the same period last year[14]. - The company's total comprehensive income attributable to the parent company was CNY 1,149,736,862.40, down from CNY 2,007,564,865.86 in the previous year, a decrease of about 42.8%[141]. Operational Highlights - The company has not disclosed any major operational changes or strategic shifts in the current report[2]. - The company has not introduced any new products or technologies as per the current report[2]. - The company's clinker production capacity reached 110 million tons, while cement production capacity was 176 million tons[18]. - In the first half of 2022, the company sold 38.43 million tons of cement and clinker, a year-on-year decrease of 19.94%[21]. - The company is one of the 12 large cement enterprises supported by the state for structural adjustment in the cement industry[18]. Market and Strategic Position - The market coverage includes over 13 provinces, with a significant market share in the northern region, particularly in the Beijing-Tianjin-Hebei area[18]. - The North China region accounted for 78.24% of total revenue, with a year-on-year growth of 12.10%[36]. - The company is actively pursuing strategic acquisitions to bolster its market position and diversify its product offerings, with a focus on enhancing competitive advantages[72]. - The company is exploring opportunities for international expansion, particularly in emerging markets, to capitalize on growing demand for cement products[72]. Environmental Responsibility - The company has been recognized as a "green factory" with 28 national-level certifications and 24 national green mines as of June 30, 2022[27]. - The company is committed to green and low-carbon development, with over 20 types of alternative fuels being developed and utilized[23]. - The company has implemented strict adherence to multiple environmental protection laws and standards, including the Air Pollution Prevention and Control Law[65]. - The company achieved a total of 57.67 tons of sulfur dioxide emissions from the Jiangjin plant, adhering to the limit of 100 mg/m³[68]. - The company plans to enhance its emission control technologies to further reduce pollutants in the upcoming quarters[67]. Financial Stability and Investments - The total assets at the end of the reporting period were CNY 61,290,089,158.73, reflecting a 1.59% increase from the end of the previous year[14]. - The company's total liabilities increased, with short-term borrowings at CNY 3,021,066,300.56, slightly up from CNY 2,995,639,313.37[136]. - The company reported a total of 165,124.79 million CNY in related party transactions, accounting for 5.44% of similar transactions[92]. - The company has a total of 27,531.71 million CNY in ongoing litigation, with 12 cases accepted by the court and 34 cases awaiting enforcement[89]. - The company has made all interest and principal payments on its bonds as scheduled during the reporting period[124]. Risk Management - There are no significant risks impacting the company's operations during the reporting period[2]. - The report includes a detailed analysis of potential risks faced during operations, which can be found in the "Management Discussion and Analysis" section[2]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to be aware of investment risks[2]. - The company plans to enhance procurement strategies and deepen strategic cooperation with major coal enterprises to reduce procurement costs and improve material quality[58]. Shareholder and Corporate Governance - The company held its first temporary shareholders' meeting in 2022 with an investor participation rate of 68.19%[60]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[119]. - The company’s shareholding structure includes 46.83% of limited sale condition shares and 53.17% of unrestricted shares[110]. - The company has not engaged in any asset or equity acquisition or sale transactions during the reporting period[93]. - The company’s board members and senior management did not change their shareholdings during the reporting period[118].

Financial Performance - The company's operating revenue for Q1 2022 was ¥4,968,178,009.29, a decrease of 2.51% compared to ¥5,095,831,046.37 in the same period last year[2] - The net profit attributable to shareholders was a loss of ¥233,166,465.99, a decrease of ¥181,680,931.96 compared to a loss of ¥51,485,534.03 in Q1 2021[2] - The net profit for Q1 2022 was a loss of CNY 256,095,567.11, compared to a loss of CNY 22,425,766.08 in Q1 2021[18] - The total operating revenue for Q1 2022 was CNY 4,968,178,009.29, a decrease of 2.5% compared to CNY 5,095,831,046.37 in the same period last year[17] - Total revenue for the first quarter was approximately CNY 4.50 billion, a decrease from CNY 5.49 billion in the same period last year, representing a decline of about 18%[19] - The total operating costs increased to CNY 5,236,217,561.39, up 1.0% from CNY 5,183,328,317.24 year-on-year[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥699,097,227.19, a decrease of ¥1,117,103,607.56 compared to ¥418,006,380.37 in the previous year[2] - The cash and cash equivalents decreased to approximately ¥4.98 billion from ¥7.50 billion at the beginning of the year, a decline of about 33.5%[14] - Cash and cash equivalents at the end of the period were CNY 4.53 billion, down from CNY 7.59 billion at the end of the previous year[22] - Cash inflows from operating activities totaled CNY 4.86 billion, while cash outflows amounted to CNY 5.56 billion, resulting in a net cash outflow[21] - The company incurred a net cash outflow from financing activities of CNY 643.38 million, compared to a net inflow of CNY 2.00 billion in the same quarter last year[22] - Investment activities resulted in a net cash outflow of approximately CNY 1.11 billion, compared to a net outflow of CNY 424.29 million in the same period last year[21] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥60,411,595,299.74, an increase of 0.13% from ¥60,330,436,253.40 at the end of the previous year[2] - The total liabilities increased to CNY 26,877,608,466.05 from CNY 26,551,686,874.74, indicating a rise in financial obligations[16] - The company's total assets amounted to CNY 60,411,595,299.74, slightly up from CNY 60,330,436,253.40 at the end of the previous period[16] - The company’s goodwill increased to CNY 376,528,664.41 from CNY 314,461,729.47, indicating potential acquisitions or investments[16] - The company reported a significant increase in other payables, which rose to CNY 2,758,348,391.84 from CNY 1,210,674,633.44[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 104,792[9] - Beijing Jinyu Group Co., Ltd. holds 44.34% of shares, totaling 1,178,645,057 shares[9] - The total equity attributable to shareholders of the parent company decreased to CNY 31,561,762,298.78 from CNY 31,808,509,953.50, reflecting a decline in shareholder value[16] Investment and Acquisitions - The company completed the acquisition of a 72% stake in Shanxi Huaren Fulong Cement Co., Ltd., resulting in 100% ownership[12] - The company raised up to ¥2 billion through a private placement of 178,571,428 shares[12] Other Financial Metrics - The company's basic earnings per share for Q1 2022 was -¥0.088, a decrease of ¥0.012 from -¥0.076 in the same period last year[2] - The company reported a significant decrease in investment income, with a loss of ¥50,619,085.06 compared to a profit of ¥18,679,828.49 in Q1 2021, representing a decline of 370.98%[6] - Research and development expenses for the quarter were CNY 23,233,240.62, slightly up from CNY 22,465,165.67 in the previous year[18] - The company adjusted its accounting policy regarding transportation and handling costs, impacting the presentation of sales expenses and main business costs without affecting net profit or shareholders' equity[7] - The company experienced a 345.89% increase in other operating income, totaling ¥17,245,776.28 compared to ¥3,867,719.35 in the previous year[6] - Accounts receivable increased to approximately ¥1.67 billion, up from ¥1.39 billion, representing a growth of about 20.2%[14] - Inventory rose to approximately ¥3.98 billion, compared to ¥3.19 billion at the beginning of the year, an increase of about 24.8%[14] - Long-term equity investments decreased to approximately ¥1.85 billion from ¥2.01 billion, a decline of about 8.1%[14] - Fixed assets increased to approximately ¥32.94 billion from ¥32.35 billion, an increase of about 1.8%[14]

Financial Performance - The company reported a cash dividend of 7.50 CNY per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The company's operating revenue for 2021 was CNY 36.34 billion, an increase of 2.42% compared to CNY 35.48 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 2.81 billion, a decrease of 1.40% from CNY 2.85 billion in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 2.42 billion, down 12.78% from CNY 2.77 billion in 2020[19]. - The net cash flow from operating activities decreased by 28.83% to CNY 6.21 billion from CNY 8.73 billion in 2020[19]. - The total assets at the end of 2021 were CNY 60.33 billion, an increase of 2.35% from CNY 58.95 billion at the end of 2020[19]. - The net assets attributable to shareholders increased by 79.60% to CNY 31.81 billion from CNY 17.71 billion at the end of 2020[19]. - The company reported a basic earnings per share of CNY 1.769, down 9.93% from CNY 1.964 in 2020[19]. - The company reported a total revenue of 10.5 billion RMB for the year 2021, representing a year-on-year increase of 15%[102]. - The net profit attributable to shareholders was 1.8 billion RMB, up 20% compared to the previous year[104]. Market and Operations - The company operates primarily in the northern region, experiencing seasonal sales fluctuations, with Q1 and Q4 being the off-peak seasons[3]. - The company has a significant market presence in the Beijing-Tianjin-Hebei region, with over 50% of the clinker production capacity in that area[37]. - The company operates in 13 provinces, with a strong competitive advantage in the northern market[33]. - The company aims to achieve a revenue target of 38 billion yuan for 2022, reflecting a strategic focus on quality improvement and market integration[86]. - The company plans to enhance its market position through mergers and acquisitions, capacity replacement, and the development of green industrial parks and smart factories[84]. - The company is focusing on expanding its market presence in northern China, aiming for a 15% increase in market share by 2023[142]. Environmental and Regulatory Compliance - Environmental policies and staggered production have led to periodic production halts or restrictions for some subsidiaries, becoming a new norm[3]. - The company has established a comprehensive environmental management system to ensure compliance with local and national regulations[135]. - The company has implemented strict adherence to multiple environmental protection laws and standards, including the Air Pollution Prevention and Control Law[135]. - The company achieved a reduction of approximately 47 kg of carbon emissions per ton of low-carbon clinker produced, meeting low heat clinker standards[151]. - The company is committed to investing in new technologies to improve production efficiency and reduce environmental impact[146]. - The company plans to enhance its emission control technologies to further reduce pollutants in the upcoming fiscal year[142]. Risk Management - The company has not identified any substantial risks that could materially impact its production and operations during the reporting period[4]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements related to operational plans and development strategies[2]. - The company faces risks from macroeconomic factors, including fixed asset investment and real estate market fluctuations, which could impact long-term growth[88]. - Rising coal and electricity costs significantly affect production costs, necessitating strategic partnerships to manage procurement effectively[89]. Corporate Governance - The governance structure is compliant with relevant regulations, ensuring transparency and protection of shareholder rights through regular meetings and communication[92]. - The company has a complete and independent business operation, with no competition with the controlling shareholder[96]. - The board of directors has approved the profit distribution plan, ensuring transparency and accountability to shareholders[4]. - The company has established performance-based salary structures for its directors and senior management, linked to annual operational goals[108]. Research and Development - The company is investing 500 million CNY in research and development for new technologies aimed at reducing carbon emissions[100]. - Research and development expenditures are projected to reach 200 million RMB, focusing on sustainable production technologies[103]. - The company is developing an intelligent inspection system for cement production lines, aiming to enhance predictive maintenance and operational efficiency[58]. Mergers and Acquisitions - The company completed the absorption merger with Jinyu Jidong Cement, issuing 1,065,988,043 shares, changing the controlling shareholder from Jidong Development Group to Jinyu Group[15]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 2 billion CNY allocated for potential deals[99]. - The company plans to absorb and merge with Jinyu Jidong Cement (Tangshan) Co., Ltd. by issuing 1,065,988,043 shares to acquire 47.09% equity, raising up to 2 billion CNY in supporting funds[197]. Employee Management - The total number of employees at the end of the reporting period was 22,893, with 9,656 in production, 1,582 in sales, and 6,633 in technical roles[120]. - The company has established a competitive salary system based on job value and performance, ensuring reasonable and orderly salary growth for employees[121]. - The company completed 104 training sessions during the reporting period, achieving 120% of the annual training plan, with a total of 27,753 training hours[123]. Financial Management - The company’s financial report has been confirmed for accuracy and completeness by its management team[2]. - The company has not made any adjustments or restatements to previous years' accounting data[18]. - The company has no significant asset or equity sales during the reporting period[82]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[168].

Financial Performance - The company's operating revenue for Q3 2021 was ¥9,887,797,102.67, a decrease of 9.30% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥593,011,466.96, down 45.78% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥475,522,207.29, a decline of 55.30% compared to the previous year[2]. - The basic earnings per share decreased by 48.44% to ¥0.3990, while diluted earnings per share fell by 51.81% to ¥0.3729[2]. - The weighted average return on equity was 3.62%, down 54.75% year-on-year[2]. - The total operating revenue for the current period reached CNY 26,203,722,464.90, an increase of 4.16% compared to CNY 25,154,451,935.41 in the previous period[16]. - The total operating costs amounted to CNY 23,366,447,921.20, up from CNY 21,140,284,696.98, reflecting a year-on-year increase of 10.54%[16]. - The net profit for the current period was CNY 3,035,641,113.85, a decrease of 19.1% from CNY 3,752,699,521.87 in the previous period[17]. - The total comprehensive income for the period was CNY 3,025,170,680.74, a decrease of 19.7% compared to CNY 3,765,647,634.29 in the previous period[21]. - The net profit attributable to the parent company was CNY 1,810,715,560.48, down 13.9% from CNY 2,107,274,498.53 year-on-year[21]. - Basic earnings per share decreased to CNY 1.2113 from CNY 1.4407, reflecting a decline of 15.9%[21]. Assets and Liabilities - Total assets increased by 3.74% to ¥61,150,917,173.74 compared to the end of the previous year[2]. - The company's total assets increased to CNY 61,150,917,173.74, compared to CNY 58,947,299,370.17 in the previous period, marking a growth of 3.77%[15]. - The total liabilities rose to CNY 27,393,381,049.85, up from CNY 26,797,928,703.07, indicating an increase of 2.22%[15]. - The total equity attributable to the parent company increased to CNY 19,563,409,915.98, compared to CNY 17,711,014,572.23, representing a growth of 10.43%[15]. - The equity attributable to shareholders rose by 10.46% to ¥19,563,409,915.98[2]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥4,772,517,628.58, a decrease of 31.19% compared to the same period last year[3]. - Cash inflows from operating activities totaled CNY 26,889,823,365.53, an increase of 12.5% compared to CNY 23,895,092,938.96 in the previous period[20]. - Cash outflows from operating activities increased to CNY 22,117,305,736.95, up from CNY 16,959,452,528.18, representing a rise of 30.5%[21]. - The net cash flow from operating activities was CNY 4,772,517,628.58, down 31.2% from CNY 6,935,640,410.78 in the previous period[21]. - Cash inflows from investment activities amounted to CNY 597,095,256.57, compared to CNY 538,667,190.96 in the previous period, marking an increase of 10.8%[22]. - Cash outflows from investment activities decreased to CNY 1,734,095,044.84 from CNY 2,034,230,162.30, a reduction of 14.8%[22]. - The net cash flow from financing activities was CNY -1,954,448,600.05, an improvement from CNY -4,698,563,849.41 in the previous period[22]. - The cash and cash equivalents at the end of the period were CNY 7,279,862,270.61, an increase from CNY 6,459,446,323.58 year-on-year[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 112,967, with the largest shareholder, Jidong Development Group, holding 32.39% of shares[5]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 39%[5]. Strategic Activities - The company plans to absorb and merge with Jinyu Jidong Cement (Tangshan) Co., Ltd., issuing 1,065,988,043 shares at a price of ¥12.78 per share, raising up to ¥20 billion for project construction and debt repayment[8]. - The company has received approval from the China Securities Regulatory Commission for the merger and related fundraising activities[8]. - The company is focused on expanding its market presence through strategic mergers and acquisitions, enhancing its operational capabilities and financial stability[8]. Operational Metrics - The company reported a significant increase in contract liabilities by 76.96% to ¥1,476,696,080.63, attributed to increased prepayments[4]. - The company recorded a 332.66% increase in non-operating income, amounting to ¥233,125,374.92, primarily from the transfer of cement clinker capacity indicators[4]. - The company reported a decrease in accounts receivable from ¥1.97 billion to ¥1.91 billion, a decline of approximately 3.88%[9]. - As of September 30, 2021, the company's total current assets amounted to approximately ¥17.54 billion, an increase from ¥15.97 billion at the end of 2020, representing a growth of about 9.87%[9]. - The company's cash and cash equivalents reached ¥7.75 billion, up from ¥5.90 billion, indicating a significant increase of approximately 31.47% year-over-year[9]. - Inventory levels rose to ¥3.58 billion, compared to ¥2.71 billion at the end of 2020, reflecting an increase of around 32.06%[9]. - The company has engaged in financing activities through various securities firms for its major shareholders, indicating active capital management strategies[6]. - Research and development expenses for the current period were CNY 142,726,131.55, compared to CNY 129,928,384.04 in the previous period, reflecting an increase of 9.1%[17]. - The company reported a decrease in sales expenses to CNY 818,438,459.27 from CNY 928,020,196.07, a reduction of 11.8%[17]. - The company’s long-term borrowings increased to CNY 5,017,500,000.00 from CNY 4,389,280,000.00, an increase of 14.3%[13].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 16,315,925,362.23, representing a 14.47% increase compared to CNY 14,253,045,955.78 in the same period last year[14]. - Net profit attributable to shareholders was CNY 1,227,793,593.03, a 22.70% increase from CNY 1,000,624,172.93 year-on-year[14]. - The basic earnings per share increased by 24.26% to CNY 0.8287 from CNY 0.6669 in the previous year[14]. - The net cash flow from operating activities decreased by 19.80% to CNY 3,170,825,433.77 compared to CNY 3,953,548,025.83 in the same period last year[14]. - Total assets at the end of the reporting period were CNY 59,914,366,378.98, up 1.64% from CNY 58,947,299,370.17 at the end of the previous year[14]. - Net assets attributable to shareholders increased by 7.33% to CNY 19,009,665,750.52 from CNY 17,711,014,572.23 at the end of the previous year[14]. - The company's operating revenue reached 16.316 billion yuan, an increase of 14.47% year-on-year[24]. - The company's clinker production capacity reached 117 million tons, while cement production capacity was 170 million tons[21]. - The company reported a total of 1,000,000 tons of cement production in the first half of 2021, representing a 10% increase compared to the same period last year[64]. Market and Industry Conditions - The cement industry is closely tied to macroeconomic conditions, particularly fixed asset investment and infrastructure development, which are expected to influence future performance[2]. - The company emphasizes the cyclical nature of the cement industry, which is significantly influenced by national economic conditions[2]. - The company operates primarily in northern regions, which are affected by seasonal demand variations[2]. - The company operates in a cyclical industry closely tied to fixed asset investment and infrastructure development, with seasonal fluctuations in demand[20]. - The company faces risks due to its reliance on the construction industry and fixed asset investment growth, which may affect cement market demand amid tightening real estate policies[51]. Environmental Compliance and Management - Environmental policies and staggered production have led to some subsidiaries experiencing production halts or restrictions, becoming a new normal for the company[2]. - The company is focused on compliance with various environmental protection laws and standards during its operations[57]. - The company has established a comprehensive environmental management system, with 16 national-level "green factories" and 24 national green mines as of June 30, 2021[27]. - The company is committed to exploring new measures for energy conservation and emission reduction to align with national carbon neutrality goals by 2060[52]. - The company plans to enhance its environmental compliance by reducing emissions further in the upcoming quarters[62]. - The company is committed to sustainable practices and aims to reduce overall emissions by 20% in the next fiscal year[62]. Risk Management - The company has not identified any significant risks that could materially impact its operations during the reporting period[3]. - The company's management has provided a detailed discussion of risks and countermeasures in the report, highlighting their proactive approach to potential challenges[3]. - Rising coal prices have increased production costs, and if these costs cannot be fully passed on to product prices, profitability may be adversely affected[52]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[3]. - There were changes in the board of directors, including the election of new directors and the appointment of a new secretary to the board[55]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[87]. - The company has no overdue commitments or non-operating fund occupation by major shareholders during the reporting period[85]. - The company has not undergone any bankruptcy restructuring during the reporting period[85]. Financial Instruments and Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[179]. - Financial assets are classified based on the business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[190]. - The company recognizes interest income using the effective interest method, calculated based on the carrying amount of financial assets[191]. - The company assesses expected credit losses based on the difference between all contractual cash flows and expected cash flows, discounted at the original effective interest rate[199]. Investment and Expansion Plans - The company plans to enhance strategic cooperation with major coal enterprises and optimize energy consumption to reduce costs and improve efficiency[52]. - The company aims to expand its market presence by investing in new production facilities[62]. - The company is exploring potential mergers and acquisitions to strengthen its market position[63]. - The company has initiated the trial production of a new 10,000t/d clinker production line as of June 28, 2021[43]. - The company plans to relocate two 4,500t/d clinker production lines, with approvals already obtained from relevant authorities[43].

Financial Performance - The company's operating revenue for Q1 2021 was ¥5,095,831,046.37, representing a 64.40% increase compared to ¥3,099,743,882.17 in the same period last year[2]. - The net profit attributable to shareholders was -¥51,485,534.03, an improvement of 81.68% from -¥280,972,698.29 year-on-year[2]. - The basic earnings per share improved to -¥0.076 from -¥0.246, reflecting an increase of ¥0.17 per share year-on-year[2]. - The gross profit margin for Q1 2021 was impacted by a 79.69% increase in operating costs, which reached CNY 3,777,729,644.74, compared to CNY 2,102,403,829.87 in Q1 2020[7]. - The company reported a net cash flow from operating activities of CNY 418,006,380.37, a significant increase of 264.37% compared to a negative cash flow of CNY -254,308,143.19 in the same period last year[8]. - The company reported a total current asset of RMB 17,884,465,906.58 as of March 31, 2021, an increase from RMB 15,968,634,622.83 at the end of 2020[20]. - The total operating revenue for the first quarter was CNY 879,661,192.27, an increase from CNY 584,862,941.03 in the previous year, representing a growth of approximately 50.4%[32]. - The net profit for the quarter was a loss of CNY 22,425,766.08, compared to a loss of CNY 392,810,586.02 in the same period last year, showing a significant reduction in losses[29]. Cash Flow and Liquidity - The net cash flow from operating activities increased by ¥672,314,523.56, reaching ¥418,006,380.37, compared to -¥254,308,143.19 in the previous year[2]. - As of March 31, 2021, cash and cash equivalents increased by 35.23% to CNY 7,973,782,814.02 compared to CNY 5,896,553,283.87 at the end of 2020, primarily due to increased interest-bearing debt and net cash flow from operating activities[7]. - Cash inflow from operating activities reached CNY 5,740,266,177.15, compared to CNY 3,678,435,855.26 in the previous year, representing a growth of approximately 56.1%[36]. - Cash inflow from sales of goods and services was CNY 5,485,612,640.25, compared to CNY 3,447,873,342.37 in the previous year, indicating a growth of approximately 59.2%[35]. - The cash and cash equivalents at the end of the period amounted to CNY 7,593,221,894.44, slightly up from CNY 7,572,161,637.23 in the previous year[37]. - The company reported a cash decrease of 224,893,833.80 CNY during the period, contrasting with an increase of 397,009,739.40 CNY in the previous year[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥60,652,721,265.43, a 2.89% increase from ¥58,947,299,370.17 at the end of the previous year[2]. - The total liabilities increased to ¥30,259,139,213.31 as of March 31, 2021, compared to ¥26,797,928,703.07 at the end of 2020, reflecting a rise of about 17.3%[22]. - The company's total equity decreased to ¥30,393,582,052.12 from ¥32,149,370,667.10, showing a decline of about 5.5%[23]. - The company's short-term borrowings increased to ¥3,084,670,730.59 from ¥2,345,893,596.66 year-over-year[21]. - The company's total liabilities increased significantly, with other payables rising by 140.58% to CNY 4,579,729,338.43, primarily due to increased dividends payable to subsidiaries[7]. Shareholder Information - The first major shareholder, Jidong Development Group, holds 30.00% of the shares, with a total of 404,256,874 shares[4]. - The second major shareholder, Beijing Jinyu Group, holds 7.00% of the shares, totaling 94,326,501 shares[4]. - There were no repurchase agreements conducted by the top 10 shareholders during the reporting period[5]. Investment and Restructuring - The company is in the process of a major asset restructuring, with stock and convertible bonds suspended since March 18, 2021, and plans to absorb and merge with Jinyu Jidong Cement (Tangshan) Co., Ltd.[9]. - The company raised a total of RMB 2,820,000,000.00 from the issuance of 28,200,000 convertible bonds, with a net amount of RMB 2,792,537,735.85 after deducting fees[15]. - The company plans to modify and improve the restructuring proposal after completing the necessary audit and evaluation work[10]. Other Financial Metrics - The company's investment income rose by 190.27% to CNY 18,679,828.49, compared to a loss of CNY -20,693,090.68 in the previous year, mainly due to increased net profits from joint ventures[7]. - The company's other income increased by 81.72% to CNY 70,062,246.45, attributed to higher resource utilization tax refunds received[7]. - The company's financial expenses decreased to CNY 173,158,652.69 from CNY 257,360,345.92, a reduction of approximately 32.8%[29]. - The company reported no significant non-recurring gains or losses during the reporting period[3]. - The company has no significant contracts or entrusted wealth management activities during the reporting period[16].

Financial Performance - The company's operating revenue for 2020 was CNY 35,479,631,343.47, representing a 2.82% increase from CNY 34,507,031,964.78 in 2019[15]. - The net profit attributable to shareholders for 2020 was CNY 2,850,010,849.51, up 5.53% from CNY 2,700,587,822.51 in 2019[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,773,044,404.54, a 6.10% increase from CNY 2,613,689,592.17 in 2019[15]. - The net cash flow from operating activities for 2020 was CNY 8,728,180,124.59, which is a 6.19% increase compared to CNY 8,219,097,476.16 in 2019[15]. - The basic earnings per share for 2020 was CNY 1.964, reflecting a 5.99% increase from CNY 1.853 in 2019[16]. - The diluted earnings per share for 2020 was CNY 1.948, which is a 5.13% increase from CNY 1.853 in 2019[16]. - The total assets at the end of 2020 were CNY 58,947,299,370.17, a decrease of 2.94% from CNY 60,733,495,715.06 at the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were CNY 17,711,014,572.23, showing a 15.37% increase from CNY 15,351,130,195.38 at the end of 2019[16]. - The weighted average return on equity for 2020 was 16.31%, a decrease of 0.19 percentage points from 16.50% in 2019[16]. Market and Industry Context - The company emphasizes that its performance is closely tied to macroeconomic conditions, particularly fixed asset investment and urbanization processes[2]. - The company acknowledges the complex macroeconomic situation due to the COVID-19 pandemic, impacting the cement industry[2]. - The cement industry is experiencing structural adjustments and green development, with a focus on eliminating ineffective supply and promoting transformation and upgrading[21]. - The company is one of the 12 large cement enterprises supported by the state for structural adjustment, with a clinker production capacity of 117 million tons and cement production capacity of 170 million tons[23]. - The company holds a significant market share in northern China, particularly in the Beijing-Tianjin-Hebei region, ranking third among domestic cement manufacturers[23]. Production and Sales - The total sales volume of cement and clinker reached 107.33 million tons, an increase of 11.33% year-on-year, achieving a historical high[38]. - Cement sales accounted for CNY 27.74 billion, which is 78.18% of total revenue, showing a growth of 2.22% from CNY 27.14 billion in 2019[43]. - The North China region contributed CNY 26.04 billion, representing 73.39% of total revenue, with an 8.68% increase from the previous year[43]. - The company achieved an operating revenue of 35.48 billion yuan, a year-on-year increase of 2.82%, and a net profit attributable to shareholders of 2.85 billion yuan, up 5.53% year-on-year[38]. - The company reported a net profit of CNY 1,903,675,572.65 in 2018, indicating significant growth in profitability over the years[15]. Environmental and Sustainability Efforts - The company has been recognized with 16 national-level "green factories" and 24 national green mines, reflecting its commitment to environmental sustainability[31]. - The company complies with various environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China and the Air Pollution Prevention and Control Law[141]. - The company has implemented strict pollution discharge standards, with particulate matter emissions from the Tangshan branch recorded at 43.84 tons, under the limit of 528.04 tons[143]. - The company has established a comprehensive monitoring system for emissions, ensuring compliance with local and national standards[144]. - The company is committed to continuous improvement in environmental performance and compliance with evolving regulations[145]. Risk Management - The company has not faced any significant risks that materially affect its operations during the reporting period[3]. - The company plans to continue monitoring potential risks and has outlined measures to address them in the report[3]. - The company faces risks related to the dependence on the construction industry and potential impacts from stricter real estate policies, which may affect cement market demand[81]. - Energy and power price fluctuations pose a significant risk to production costs, prompting the company to adopt strategies to optimize procurement and reduce costs[81]. Corporate Governance and Management - The board of directors has ensured the accuracy and completeness of the financial report, taking legal responsibility for its content[2]. - The company has conducted seven reception meetings with 35 institutions during the reporting period[85]. - The company has not disclosed any significant undisclosed information during the reception meetings[85]. - The company is focusing on market demand recovery and the construction of aggregate projects in various regions[84]. - The company is actively managing cost control measures and capital expenditure arrangements for future growth[84]. Future Outlook and Strategic Initiatives - The company's future development outlook is discussed in detail, highlighting the importance of understanding the differences between plans, forecasts, and commitments[2]. - For 2021, the company aims to achieve an operating revenue of 35.8 billion yuan, focusing on market optimization and customer value enhancement[80]. - The company plans to enhance its green energy technology application and accelerate the construction of smart factories to improve operational efficiency[80]. - The company is strategically positioned to benefit from national development initiatives such as the "Beijing-Tianjin-Hebei Coordinated Development" and "Xiong'an New Area" projects[78]. - The company plans to enhance its market structure and expand sales channels while increasing the application of green energy-saving technologies in 2021[38].

唐山冀东水泥股份有限公司 2020 年第三季度报告全文 唐山冀东水泥股份有限公司 2020 年第三季度报告 （2020-073） 2020 年 10 月 1 唐山冀东水泥股份有限公司 2020 年第三季度报告全文 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。 公司负责人孔庆辉、主管会计工作负责人任前进及会计机构负责人(会计主 管人员)杨北方声明：保证季度报告中财务报表的真实、准确、完整。 2 唐山冀东水泥股份有限公司 2020 年第三季度报告全文 同一控制下企业合并 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|---------------- ...