证券代码：000557 证券简称：西部创业 公告编号：2020-026 宁夏西部创业实业股份有限公司关于举行 2020 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战 略、经营状况、融资计划、股权激励、可持续发展等投资者 关心的问题，公司定于2020年 7月9日（星期四）14:30-16:30 举行"2020 年投资者网上集体接待日"活动。现将有关事项 公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提 供的网上平台采取网络远程的方式举行。投资者可以登录 "宁夏辖区上市公司投资者关系互动平台"（http://rs.p5w.net） 参与交流。 公司出席本次网上集体接待日活动的人员有：总经理陈 存兵、财务总监王建成、董事会秘书刘登昭和证券事务代表 紫小平。 欢迎广大投资者积极参与。 特此公告。 1 宁夏西部创业实业股份有限公司董事会 2020 年 7 月 4 日 2 ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥202,517,687.04, representing a 9.51% increase compared to ¥184,922,608.11 in the same period last year[8] - Net profit attributable to shareholders for Q1 2020 was ¥46,776,949.71, a significant increase of 62.73% from ¥28,745,069.45 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥49,617,724.01, up 73.37% from ¥28,618,807.97 year-on-year[8] - Basic earnings per share for Q1 2020 were ¥0.0321, reflecting a 62.94% increase from ¥0.0197 in the previous year[8] - The company's total profit for the current period was ¥57,177,901.86, an increase of 61.5% from ¥35,402,783.95 in the previous period[65] Cash Flow - The net cash flow from operating activities reached ¥58,221,722.99, a remarkable increase of 736.64% compared to -¥9,145,166.33 in the same period last year[8] - The net cash flow from operating activities was -5,266,173.62, slightly improved from -5,329,253.79 in the previous period, indicating a marginal reduction in cash outflow[78] - Cash received from operating activities totaled 3,346,436.47, an increase from 2,771,652.89 in the prior period, reflecting a growth of approximately 20.7%[78] - The net cash flow from investing activities was 1,500,000.00, down from 30,000,000.00 in the previous period, indicating a significant decrease of 95%[78] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,406,399,819.60, a 2.35% increase from ¥5,282,229,738.28 at the end of the previous year[8] - Total liabilities reached CNY 384,928,238.54, an increase from CNY 307,535,106.93, marking a growth of around 25.19%[55] - The total equity attributable to shareholders was CNY 5,021,471,581.06, up from CNY 4,974,694,631.35, reflecting an increase of about 0.94%[55] - The company reported a retained earnings deficit of ¥1,693,803,674.26, reflecting accumulated losses[90] Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,581, with the top ten shareholders holding a combined 59.01% of the shares[13] - The largest shareholder, Ningxia State-owned Capital Operation Group, held 29.47% of the shares, amounting to 429,820,178 shares[13] Expenses - The financial expenses decreased by 34.45% to -¥2,027,803.94, attributed to an increase in interest income from cash deposits[25] - The sales expenses decreased by 33.22% to ¥323,805.48, due to lower compensation for sales personnel compared to the same period last year[25] - The income tax expense increased by 56.22% to ¥10,400,952.15, driven by an increase in taxable income[25] Legal and Compliance - The company is involved in a legal dispute with Yinchuan Ruisi Commerce Co., Ltd. regarding unpaid parking service fees totaling 7.83 million yuan and a penalty of 586,400 yuan[31] - The company has not engaged in any securities investment, entrusted financial management, or derivative investments during the reporting period[43][45] - The first quarter report for 2020 was not audited, indicating a lack of external verification for the financial data presented[94] Related Party Transactions - The company reported a total of 1,379.27 million yuan in related party transactions, accounting for 5.59% of similar transaction amounts[34] - The company provided railway transportation services to Huadian Ningxia Lingwu Power Generation Co., Ltd. at a price of 0.19 yuan per ton-kilometer[34] - The company has not exceeded the approved transaction limit of 4,600 million yuan for related party transactions[34] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in the provided documents[92] - There is no mention of mergers or acquisitions in the financial reports or conference call content[92]

Financial Performance - The company's operating revenue for 2019 was ¥799,911,229.37, an increase of 5.12% compared to ¥760,941,838.32 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥44,792,379.54, a decrease of 69.60% from ¥147,362,646.50 in 2018[25]. - The net profit after deducting non-recurring gains and losses was ¥150,181,875.64, an increase of 10.74% from ¥135,611,853.49 in 2018[25]. - The net cash flow from operating activities for 2019 was ¥173,056,016.35, down 26.80% from ¥236,417,088.87 in 2018[25]. - The total assets at the end of 2019 were ¥5,282,229,738.28, a decrease of 8.51% from ¥5,773,445,668.65 at the end of 2018[25]. - The net assets attributable to shareholders at the end of 2019 were ¥4,974,694,631.35, an increase of 0.93% from ¥4,928,862,103.51 at the end of 2018[25]. - The basic earnings per share for 2019 was ¥0.03, a decrease of 70.00% from ¥0.10 in 2018[25]. - The diluted earnings per share for 2019 was also ¥0.03, reflecting the same decrease of 70.00% from ¥0.10 in 2018[25]. - The weighted average return on equity for 2019 was 0.90%, down from 3.60% in 2018, a decrease of 2.70%[25]. Revenue Sources - The company reported that over 90% of its revenue and profits come from railway transportation, indicating a high customer concentration and significant impact from coal industry demand fluctuations and freight rate adjustments[6]. - The company's revenue and profit are over 90% derived from railway transportation, primarily transporting coal[31]. - The railway transportation segment generated CNY 735.92 million, accounting for 92.00% of total revenue, with a year-on-year growth of 7.60%[54]. - In 2019, revenue from the top five customers accounted for 70.76% of the company's total revenue, indicating a high customer concentration risk[89]. - The company's major customers accounted for 70.76% of total sales, with related party sales making up 57.93% of that amount[60]. Operational Challenges - The company emphasizes the uncertainty of its future performance due to market conditions and operational efforts, urging investors to be aware of potential risks[6]. - The company has a high dependency on the coal industry, which poses risks to its operational results[6]. - The company has not made any forward-looking commitments regarding its operational plans for 2020[6]. - The logistics subsidiary, Dagu Logistics, faced severe financial issues leading to a bankruptcy application, which was rejected, impacting its operations significantly[96]. - The wine business faces challenges with a significant decline in sales, with major competitors experiencing revenue drops of 8.66% and 13.32% respectively in 2019[98]. Strategic Plans - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The company plans to expand its railway network and enhance service levels to become a leading modern transportation enterprise in Northwest China[88]. - The logistics business aims to integrate information technology and railway resources, with a focus on coal and chemical logistics, and is expected to grow with the development of the Ningdong Energy and Chemical Base[93]. - The company plans to optimize its product structure and expand sales channels to increase bottled wine sales and improve market presence[101]. - The company aims to enhance safety measures and risk management in its operations, particularly in railway transport[92]. Related Party Transactions - The company has a total approved transaction limit of 5,500.00 million CNY for related transactions, with actual transactions amounting to 4,394.15 million CNY[166]. - The company’s related party transactions include providing railway transportation services at a price of 0.19 CNY per ton-kilometer[166]. - The company has a total of 19,614.15 million yuan in related party debts owed to Xinda Asset, with no interest accrued[173]. - The company’s related party transactions include a total of 6,429.50 million yuan owed to Huadian International, with no interest accrued[173]. - The company’s related party transactions with Ningxia Coal Industry amount to 6,467.37 million yuan, with no interest accrued[173]. Corporate Governance - The company’s registered address is located in Yinchuan, Ningxia Hui Autonomous Region, with a postal code of 750002[17]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 000557[17]. - The company’s legal representative is Li Guanglin, and the board secretary is Liu Dengzhao[18]. - The company has committed to fulfilling its obligations as per the restructuring agreement[124]. - The company guarantees the independence of the listed company's management, ensuring that senior executives are exclusively employed by the listed company and do not hold positions in other related entities[121]. Investor Relations - The company has received a total of 86 inquiries from investors regarding operational performance and other matters during the reporting period[106]. - The company has not disclosed any significant undisclosed information during its investor communications[106]. - The company has not faced any bankruptcy reorganization matters during the reporting period[150]. - The company has not issued a non-standard audit report for the reporting period[127]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[161]. Legal Matters - The company is currently involved in a lawsuit with Ningxia Hezang Shengshi Winery, with a disputed amount of 304.3 thousand[151]. - The company has a legal case against Yin Chuan Rui Suo Trading Co., Ltd. for unpaid transportation fees, with a judgment requiring payment of 783.31 million CNY in service fees and 58.64 million CNY in penalties[160]. - The company has been included in the list of dishonest persons subject to enforcement due to unresolved legal disputes[160]. - The company is in the process of executing a judgment against Ningxia Shengu Coal Industry for a total amount of 476.77 thousand[156]. - The company faced a legal dispute with Ningxia Fahe Jiajin Import and Export Trade Co., Ltd., with a contract amount of 2.59 million CNY, which was ultimately dismissed by the court[160]. Financial Adjustments - The company has executed new financial instrument standards starting from January 1, 2019, leading to adjustments in accounting policies[130]. - The adjustment in the consolidated balance sheet as of December 31, 2018, includes a reduction of 349.62 million yuan in receivables[130]. - The expected credit loss method has been adopted for financial asset impairment accounting starting from 2019[130]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[127]. - The company has not faced any situations that would lead to suspension or termination of listing[150]. Social Responsibility - The company is actively participating in poverty alleviation efforts in Ningxia, implementing targeted assistance in multiple villages[200].

宁夏西部创业实业股份有限公司 2019 年第三季度报告全文 宁夏西部创业实业股份有限公司 2019 年第三季度报告 2019-047 2019 年 10 月 1 宁夏西部创业实业股份有限公司 2019 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 薄其明 董事 出差 张丽宁 公司负责人李广林、主管会计工作负责人王建成及会计机构负责人(会计主 管人员)蔡永平声明：保证季度报告中财务报表的真实、准确、完整。 2 宁夏西部创业实业股份有限公司 2019 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |-------------------------------------------------- ...

Tax Issues and Investigations - The company reported a significant tax-related issue involving its wholly-owned subsidiary, Ningxia Dagu Logistics Co., which is currently under investigation by the local tax authority[6]. - As of June 30, 2019, the financial statements did not accurately reflect the financial status and operating results of the company due to the unresolved tax matter[9]. - The tax and penalty involved in the tax administrative punishment notice is approximately CNY 1.03 billion, which may adversely affect the net profit of the company for the year 2019 if the tax authority confirms the tax issues related to Dagu Logistics[71]. - Dagu Logistics has submitted defense materials and a hearing application to the tax authority, aiming to reduce tax risks and protect its rights[72]. - The company is facing a potential tax penalty and back payment risk of approximately CNY 103 million related to tax issues involving Dagu Logistics[95]. - Dagu Logistics received 450 VAT invoices totaling CNY 52.48 million from Beijing Meilong Kangyuan Trading Co., Ltd., which are suspected of being fraudulent[95]. - The board of directors has mandated Dagu Logistics to conduct a self-examination of its coal trading operations and to cooperate with tax authorities[98]. - The board will continue to monitor the tax issue's progress and take necessary measures to mitigate potential impacts on the company and its investors[98]. - The board emphasizes the importance of compliance and protecting the company's and investors' interests amid the ongoing tax investigation[98]. Financial Performance - The company's operating revenue for the reporting period was ¥366,211,217.95, an increase of 6.84% compared to the same period last year[47]. - The net profit attributable to shareholders was ¥66,262,241.64, representing a growth of 30.85% year-on-year[47]. - The net cash flow from operating activities reached ¥90,776,511.60, a significant increase of 121.19% compared to the previous year[47]. - The basic earnings per share were ¥0.0454, up 30.84% from the same period last year[47]. - Total assets decreased by 9.32% to ¥5,235,445,138.96 compared to the end of the previous year[47]. - The company's cash and cash equivalents increased by 267.50% to ¥256,003,816.84 due to receiving performance compensation from shareholders[47]. - The company's operating costs rose by 18.81% to ¥256,880,697.40, attributed to reclassifying some employee compensation into operating costs[47]. - The company reported a significant decrease in management expenses by 48.86% to ¥29,245,898.07 due to the same reclassification[47]. - The company reported a net loss of CNY 930,469,897.30 as of June 30, 2019, compared to a net loss of CNY 996,732,138.94 at the end of 2018[194]. Business Strategy and Future Outlook - The company emphasizes the uncertainty of its future business plans and the potential risks that could impact performance[10]. - The company has not provided a concrete profit forecast for 2019, highlighting the unpredictability of market conditions[10]. - The company has not indicated any plans for market expansion or mergers and acquisitions in the current reporting period[10]. - The company has not disclosed any new product developments or technological advancements in this report[10]. - The company plans to enhance service quality and optimize production processes to mitigate risks associated with market fluctuations and pricing adjustments[68]. - The company plans to enhance marketing capabilities and optimize product structure to address the challenges in the wine business[74]. - The hotel and catering business is struggling with a lack of professional management talent and weak market competitiveness[77]. - The company aims to innovate management concepts and expand operational scale in the hotel and catering sector[78]. Shareholder and Equity Information - The total number of shares is 1,458,374,735, with 59.87% being restricted shares and 40.13% being unrestricted shares[159]. - The largest shareholder, Ningxia State-owned Capital Operation Group Co., Ltd., holds 29.47% of the shares, totaling 429,820,178 shares[163]. - The second-largest shareholder, China Cinda Asset Management Co., Ltd., holds 15.71% of the shares, totaling 229,163,673 shares[163]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[169]. - There has been no change in the controlling shareholder during the reporting period[170]. - The company reported a total of 872,670,984 shares held by state-owned legal persons, accounting for 59.84% of the total shares[159]. - The number of shareholders holding more than 5% of the shares is 10, with a total of 53,566 ordinary shareholders[163]. - The top 10 unrestricted ordinary shareholders collectively hold 43,000,000 shares, with the largest individual holding being 7,782,224 shares[168]. Compliance and Governance - The board of directors has confirmed the accuracy and completeness of the financial report, although independent directors expressed concerns about its reliability[5]. - The company has made commitments regarding avoiding competition with related parties and ensuring compliance with performance guarantees related to asset restructuring[85]. - The company has fulfilled its commitments regarding performance compensation arrangements, ensuring a cumulative net profit of no less than CNY 1 billion over three consecutive fiscal years following the asset acquisition[85]. - The company has committed to maintaining the independence of its financial operations and governance structure[91]. - The company ensures that its senior management will not hold positions in related parties, maintaining operational independence[91]. - The company has established a complete and independent financial accounting system[91]. - The company guarantees that it will not engage in related party transactions unless absolutely necessary and will adhere to fair market conditions[91]. - The company has not received any administrative penalties or decisions from tax authorities as of the report date[98]. Risks and Challenges - The company continues to face various risks that could affect its performance, which investors are advised to consider carefully[11]. - The company faces risks in the railway transportation sector due to high customer concentration, with the top five customers accounting for 74.98% of revenue[67]. - The wine business faces risks including low brand influence and high inventory levels, which could lead to significant price decline risks and unstable profitability[73]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers[109]. - The company has not experienced any major asset restructuring or significant changes in its operational strategies during the reporting period[111]. Miscellaneous - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[11]. - During the reporting period, the first extraordinary general meeting had a participation rate of 5.28%, while the annual general meeting had a participation rate of 55.15%[81]. - The company has not undergone any bankruptcy reorganization during the reporting period[99]. - There are no significant litigation or arbitration matters reported during the reporting period[100]. - The company has no significant environmental protection issues and is not listed as a key pollutant unit[141]. - The company has not made any financial contributions to poverty alleviation as of the reporting period[145]. - The company plans to invest 600,000 in poverty alleviation efforts, specifically for purchasing agricultural machinery for designated poverty alleviation villages[146].

Financial Performance - The company's operating revenue for Q1 2019 was ¥184,922,608.11, representing a 10.38% increase compared to ¥167,530,561.62 in the same period last year[8] - Net profit attributable to shareholders for Q1 2019 was ¥28,745,069.45, a 33.35% increase from ¥21,556,082.13 year-on-year[8] - Basic and diluted earnings per share for Q1 2019 were both ¥0.0197, up 33.11% from ¥0.0148 in the same period last year[8] - Total operating revenue for the first quarter of 2019 was CNY 184,922,608.11, an increase of 10.4% compared to CNY 167,530,561.62 in the same period last year[62] - Net profit for the first quarter of 2019 was CNY 28,745,069.45, compared to CNY 21,556,082.13 in the previous year, representing a growth of 33.4%[62] - The total comprehensive income for the period was CNY 28,745,069.45, compared to CNY 21,556,082.13 in the previous period, representing an increase of approximately 33.8%[64] - Basic and diluted earnings per share increased to CNY 0.0197 from CNY 0.0148, reflecting a growth of 33.1%[64] Cash Flow - The net cash flow from operating activities was -¥9,145,166.33, an improvement of 43.64% compared to -¥16,225,554.78 in the previous year[8] - Net cash flow from operating activities improved by 43.64% to -¥9,145,166.33, attributed to a higher accounts receivable recovery rate compared to the previous period[20] - Net cash flow from investing activities increased significantly by 2745.68% to ¥27,756,754.20, primarily from the maturity of structural deposits amounting to ¥50 million[20] - Net cash flow from financing activities decreased by 77.58% to -¥8,511,527.46, as the previous year included dividend payments of ¥26.06 million[20] - Cash and cash equivalents increased to CNY 434,569,359.92 from CNY 416,680,086.64, reflecting a growth of approximately 4.3%[48] - Cash inflow from investment activities totaled 50,000,000.00, while cash outflow was 20,000,000.00, resulting in a net cash flow of 30,000,000.00[80] - The net cash flow from operating activities was -5,329,253.79, an improvement from -6,163,364.23 in the previous period[80] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,751,962,831.00, a slight decrease of 0.37% from ¥5,773,445,668.65 at the end of the previous year[8] - Total liabilities amounted to approximately ¥844.58 million, with current liabilities at ¥804.26 million[91] - Non-current liabilities totaled approximately ¥40.32 million, primarily consisting of deferred tax liabilities of ¥38.78 million[91] - Total equity attributable to shareholders reached approximately ¥4.93 billion, with retained earnings showing a deficit of approximately ¥996.73 million[91] - The company's total equity as of March 31, 2019, was CNY 4,633,313,061.38, a decrease from CNY 4,640,475,870.86[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,897[12] - The largest shareholder, Ningxia State-owned Capital Operation Group Co., Ltd., held 29.47% of the shares[12] Operational Costs and Expenses - Total operating costs for the first quarter of 2019 were CNY 149,646,085.64, up from CNY 139,940,670.13, reflecting a year-over-year increase of 7.9%[62] - Management expenses decreased by 33.35% to ¥18,339,067.90 as part of employee salaries were reclassified into operating costs after organizational adjustments[20] - Employee compensation payable increased by 127.11% to ¥23,539,702.55 based on the company's annual budget for employee salaries[20] - The company incurred operating costs of CNY 148,216.41, compared to CNY 54,371.43 in the previous period, indicating a significant increase in costs[69] Legal and Compliance - The company is involved in ongoing litigation regarding compensation agreements, with a total claim amount of ¥340,000 from Huang Jubin and Huang Jutian, of which only ¥100,000 has been paid so far[23] - The company has not reported any violations related to external guarantees during the reporting period[41] - The first quarter report for 2019 was not audited, which may impact the reliability of the financial data presented[95] Market and Strategic Focus - The company continues to explore market expansion opportunities, although specific strategies were not detailed in the report[62] - The company has not reported any new product developments or market expansions in this quarter[87]

Revenue and Profitability - The company reported that over 90% of its revenue and profits come from railway transportation, indicating a high customer concentration risk[6]. - The company's operating revenue for 2018 was ¥760,941,838.32, representing a 15.36% increase from ¥659,644,140.31 in 2017[26]. - Net profit attributable to shareholders for 2018 was ¥147,362,646.50, a significant increase of 69.39% compared to ¥86,994,814.66 in 2017[26]. - The net profit after deducting non-recurring gains and losses was ¥135,611,853.49, up 79.68% from ¥75,474,977.22 in 2017[26]. - The railway transportation segment generated CNY 683.95 million, accounting for 89.88% of total revenue, with a 13.88% increase compared to the previous year[52]. - The logistics business saw a revenue increase driven by coal transportation services, contributing to overall growth[49]. - The hotel and catering business reported profitability due to enhanced marketing and service initiatives[39]. - The company achieved a revenue of CNY 760.94 million in 2018, a 15.36% increase from CNY 659.64 million in 2017[49]. Financial Performance - The company's total assets at the end of 2018 reached ¥5,773,445,668.65, a 14.46% increase from ¥5,043,964,812.09 at the end of 2017[26]. - The net assets attributable to shareholders increased by 22.49% to ¥4,928,862,103.51 from ¥4,023,745,775.34 in 2017[26]. - Basic earnings per share for 2018 were ¥0.10, reflecting a 66.67% increase from ¥0.06 in 2017[26]. - The weighted average return on net assets was 3.60% in 2018, up from 2.19% in 2017[26]. - The net cash flow from operating activities for 2018 was ¥236,417,088.87, a decrease of 21.71% compared to ¥301,960,438.53 in 2017[26]. - The company reported a total of ¥11,750,793.01 in non-recurring gains and losses for 2018, compared to ¥11,519,837.44 in 2017[34]. Audit and Compliance - The company has received a qualified audit opinion from its accounting firm, which requires investor attention regarding the related matters[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company emphasizes the uncertainty of its future operational plans due to market conditions and team efforts[5]. - The company received a "qualified opinion" audit report from the accounting firm, primarily concerning tax issues related to Dagu Logistics[126]. - The accounting firm has been retained for three consecutive years, with an audit fee of 400,000 CNY for the current period[137]. Customer and Supplier Concentration - The company’s revenue from the top five customers accounted for 74.98% of total revenue, indicating a high customer concentration risk[90]. - The total procurement amount from the top five suppliers is ¥112,392,187.71, accounting for 25.27% of the annual total procurement[63]. - The largest supplier, China Railway Oil Co., Ltd., contributed ¥56,443,757.50, representing 12.69% of the total procurement[63]. Operational Challenges and Strategies - The company highlighted that changes in the coal industry and customer demand significantly impact its operational results[6]. - The company has detailed its future development challenges, risks, and countermeasures in the report, urging investors to be cautious[6]. - The company is facing challenges such as a lack of professional hotel management talent and weak market competitiveness, necessitating innovation in marketing strategies and management concepts[104]. - The company plans to engage with professional hotel management institutions to explore franchise and entrusted management models[105]. - The company aims to optimize service projects and innovate business formats to enhance management levels and expand operational scale[105]. Investments and Future Plans - The company plans to increase railway transport volume to 46 million tons in 2019, representing a 2.20% growth from 45.01 million tons in 2018[91]. - The company plans to invest 600,000 yuan in poverty alleviation funds in 2019, primarily for purchasing agricultural machinery for designated poverty alleviation villages[189]. - The company has signed a cooperation framework contract for a grape planting base with Ningxia International Wine Trading Expo Center[165]. Legal and Litigation Matters - The company has ongoing litigation involving a contract dispute with Ningxia Hezang Shengshi Wine Industry, with a claim amount of 304,274.85 CNY[143]. - A total of 433.41 CNY million is involved in a lawsuit with Inner Mongolia Nengjian Property Co., which has resulted in the recognition of a contingent liability[143]. - The company is actively managing its litigation risks and has reported no expected liabilities from ongoing cases[143]. - The company has reached a settlement agreement in a dispute with Inner Mongolia Nengjian Property Co., which includes scheduled payments[143]. Corporate Governance and Commitments - The company has made commitments regarding performance guarantees, ensuring a cumulative net profit of no less than 1 billion yuan over three consecutive fiscal years following the acquisition[114]. - The company guarantees that its senior management will only serve in the listed company and will not hold positions in other related enterprises[120]. - The company has committed to avoiding any business activities that compete with the listed company after the completion of the major asset restructuring[117]. - The company has established a framework to ensure that the listed company can make independent financial decisions without interference[120]. Social Responsibility and Community Engagement - The company is actively involved in targeted poverty alleviation efforts in Ningxia, focusing on specific villages[180]. - A total of 294,400 yuan was invested in 2018 for purchasing agricultural machinery to assist poverty alleviation efforts in designated villages[185]. - The total amount invested in poverty alleviation efforts reached 294,400 yuan, with 264,400 yuan allocated to industrial development projects and 30,000 yuan for improving educational resources in impoverished areas[186].

宁夏西部创业实业股份有限公司 2018 年第三季度报告全文 宁夏西部创业实业股份有限公司 2018 年第三季度报告 2018-042 2018 年 10 月 1 宁夏西部创业实业股份有限公司 2018 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。 公司负责人李广林、主管会计工作负责人王建成及会计机构负责人(会计主 管人员)蔡永平声明：保证季度报告中财务报表的真实、准确、完整。 2 宁夏西部创业实业股份有限公司 2018 年第三季度报告全文 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 | | 本报告期末 | | 上年度末 | 本报告期末比 上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,946,333,826.34 | | 5,043,964,812.09 | -1.94% | | 归属于上市公司股东的净资 产（元） | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 342,846,140.10, representing a 27.15% increase compared to CNY 269,647,679.38 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 50,639,418.76, a significant increase of 104.06% from CNY 24,816,317.25 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 51,902,205.92, up 108.27% from CNY 24,920,050.53 in the previous year[19]. - The basic earnings per share increased to CNY 0.0347, reflecting a growth of 104.12% compared to CNY 0.0170 in the same period last year[19]. - The company achieved operating revenue of CNY 342.85 million, a year-on-year increase of 27.15%[32]. - Net profit attributable to shareholders reached CNY 50.64 million, up 104.06% compared to the previous year[32]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2018, representing a year-on-year growth of 20%[67]. - The company reported a net profit of 300 million CNY for the first half of 2018, marking a 30% increase compared to the same period last year[67]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,892,280,016.49, a decrease of 3.01% from CNY 5,043,964,812.09 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 4,074,385,194.10, showing a slight increase of 1.26% from CNY 4,023,745,775.34 at the end of the previous year[19]. - Cash and cash equivalents decreased by 200.85% to CNY -152.84 million, primarily due to higher repayments of bank loans[34]. - The company's total liabilities decreased from CNY 1,020,219,036.75 to CNY 817,894,822.39, representing a decline of approximately 19.8%[122]. - The total equity attributable to shareholders increased from CNY 4,023,745,775.34 to CNY 4,074,385,194.10, an increase of about 1.3%[122]. Cash Flow - The net cash flow from operating activities was CNY 41,039,923.80, down 72.73% from CNY 150,501,011.07 in the same period last year[19]. - The company reported a net cash outflow from financing activities of CNY -199,338,576.95, compared to CNY -42,266,963.58 in the previous year[131]. - The cash inflow from operating activities was 4,513,420.38 yuan, significantly lower than 65,197,155.24 yuan in the previous period[133]. - The total increase in cash and cash equivalents was -16,213,651.61 yuan, contrasting with an increase of 84,150,090.44 yuan in the previous period[134]. Business Operations - The company has undergone a change in its business scope, which now includes railway development and management, logistics, and high-tech product development[18]. - The railway transportation segment completed a total freight volume of 23.50 million tons, accounting for 55.94% of the annual target, with a year-on-year growth of 27.88%[32]. - The logistics segment handled 2.29 million tons of external coal, representing 76.44% of the annual plan, and saw a staggering year-on-year increase of 1,170.53%[32]. - The winery sold 72,887 bottles of bottled wine and 175.66 tons of raw wine, marking increases of 5.98% and 61.14% respectively compared to the previous year[32]. Risk Management - The company emphasizes the importance of understanding the risks and uncertainties it faces, including market competition and operational risks[4]. - The company faced a risk of price adjustments by the Ningxia Price Bureau, which previously reduced transportation prices, impacting revenue by approximately 259 million yuan in 2016 and 2017[51]. - The company has implemented safety measures for the transportation of hazardous chemicals, including regular training and safety checks[58]. Shareholder Commitments - The company has a profit commitment agreement with five shareholders, ensuring a total net profit of no less than 1 billion yuan over three consecutive fiscal years following the asset acquisition[59]. - The company is actively working to enhance profitability and has issued reminders to shareholders regarding their profit commitment obligations[60]. - The company has submitted reports to the local government regarding the fulfillment of profit commitments and the consequences of non-fulfillment[60]. Legal Matters - The company is involved in multiple lawsuits, including a claim for 4,290,446.72 yuan plus interest from Dagu Logistics against Inner Mongolia Energy Construction Co., Ltd.[73]. - The company has ongoing litigation with Tianjin Xianghe Source International Trade Co., Ltd., which is required to refund prepayments totaling 5,903,792 yuan by November 15, 2018[74]. - The company is actively pursuing legal actions to enforce payment collections and recover debts from various parties[74]. Corporate Governance - The company has not undergone any bankruptcy reorganization during the reporting period[71]. - The semi-annual financial report has not been audited[70]. - The company has maintained a stable shareholder structure with no significant changes in ownership proportions[103]. Environmental and Social Responsibility - The company invested 265,000 RMB in targeted poverty alleviation efforts in Fengbei Village and Qixing Village, aimed at improving collective income through agricultural equipment purchases[92]. - There were no significant environmental protection issues reported, and the company is not listed as a key pollutant discharge unit[90].

Financial Performance - The company's operating revenue for Q1 2018 was ¥167,530,561.62, representing a 15.83% increase compared to ¥144,637,813.14 in the same period last year[8] - Net profit attributable to shareholders for Q1 2018 was ¥21,556,082.13, a significant increase of 75.71% from ¥12,268,017.22 in the previous year[8] - The basic earnings per share for Q1 2018 was ¥0.0148, up 68.18% from ¥0.0088 in the same period last year[8] - The weighted average return on equity for Q1 2018 was 0.53%, an increase of 0.22% compared to 0.31% in the same period last year[8] Cash Flow - The net cash flow from operating activities was negative at -¥16,225,554.78, a decline of 142.79% compared to ¥37,915,389.45 in the previous year[8] - Net cash flow from operating activities dropped by 142.79% to -¥16,225,554.78, as accounts receivable collection rates fell below last year[17] - Net cash flow from investment activities decreased by 80.75% to ¥975,398.81, compared to ¥5,067,533.13 in the previous period[17] - Net cash flow from financing activities increased by 252.93% to -¥37,972,310.91, primarily due to dividend payments of ¥26,060,000[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,005,707,184.55, a decrease of 0.76% from ¥5,043,964,812.09 at the end of the previous year[8] - Net assets attributable to shareholders at the end of the reporting period were ¥4,045,301,857.47, reflecting a slight increase of 0.54% from ¥4,023,745,775.34 at the end of the previous year[8] - Accounts receivable interest decreased by 74.89% to ¥623,948.06 due to the recovery of some deposit interest during the reporting period[17] - Other current liabilities increased by 1526.80% to ¥21,988,867.90, attributed to unpaid line maintenance fees and vehicle repair costs[17] - Tax expenses rose by 70.81% to ¥2,473,118.54, following an increase in operating income[17] - Financial expenses decreased by 62.32% to ¥845,396.03 due to gradual repayment of bank loans[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,322[13] - The top shareholder, Ningxia State-owned Capital Operation Group Co., Ltd., held 29.47% of the shares, totaling 429,820,178 shares[13] Related Party Transactions - The company guarantees that it will not engage in related party transactions that could harm the interests of the listed company and its shareholders[32] - The company is involved in daily related transactions with a total amount of 1,002.11 million CNY, with a maximum approved transaction amount of 4,460.00 million CNY[21] - The company has a total of 3,000.00 million CNY in approved transaction limits for related transactions[21] - The company is committed to ensuring fair pricing in related party transactions[33] Commitments and Compliance - The company has committed to not engaging in any business that competes with the listed company after the completion of the major asset restructuring[31] - The company will supervise other controlled enterprises to ensure compliance with the commitment to avoid competition[31] - The company has issued a commitment letter to avoid any potential conflicts of interest with the listed company[31] - The company will ensure that the listed company operates independently and has a complete governance structure[32] Legal and Regulatory Matters - The company renewed the appointment of Xinyong Zhonghe Accounting Firm for financial and internal control audits for the year 2018[25] - The company reported no new developments regarding the tax inspection of its subsidiary, Dagu Logistics, related to potential risks from previous transactions[28] - The company terminated the planning of a change in control with Ningxia State Capital Operation Group and Shenhua Ningxia Coal Industry Group due to the immaturity of the related scheme[27] Losses and Guarantees - The company reported a loss of 42.84 million CNY due to the disposal of related party receivables[33] - The total amount of related party guarantee losses recognized by the company is 56.13 million CNY[33] - There were no violations of external guarantees during the reporting period[38] - The company did not have any non-operating fund occupation by controlling shareholders or their related parties during the reporting period[39] Investor Relations - The company received 30 investor inquiries regarding major developments and performance expectations during the reporting period[37] - The estimated cumulative net profit for the first half of 2018 may show significant changes compared to the same period last year[35]