Financial Performance - Operating revenue for the reporting period was CNY 452,919,034.04, a decrease of 31.51% year-on-year, while year-to-date revenue was CNY 1,404,105,799.25, down 31.44%[6] - Net profit attributable to shareholders decreased by 75.72% to CNY 4,799,837.94 for the reporting period, but increased by 11.74% to CNY 79,041,794.15 year-to-date[6] - The basic earnings per share for the reporting period was CNY 0.016, a decrease of 75.38%, while year-to-date it was CNY 0.261, an increase of 12.02%[6] - Operating revenue for the period was ¥1,404,105,799.25, a decrease of 31.44% compared to the previous period, primarily due to changes in electricity settlement methods reducing sales revenue by ¥350,280,059.77[14] - Operating costs for the period were ¥1,142,844,976.85, a decrease of 35.33% compared to the previous period, mainly due to reduced sales volume and lower production costs[14] - Investment income for the period was ¥340,632.61, a decrease of 89.62% compared to the previous period, primarily due to reduced PVC futures trading income[15] Cash Flow and Assets - Cash flow from operating activities decreased by 35.80% year-to-date to CNY 112,979,869.56[6] - Cash and cash equivalents decreased by 39.77% to CNY 25,143,488.79 compared to the beginning of the period[13] - Accounts receivable decreased by 82.79% to CNY 7,972,578.69, primarily due to changes in electricity settlement methods[13] - Net cash flow from operating activities was ¥112,979,869.56, a decrease of 35.80% compared to the previous period, primarily due to increased payments to suppliers[15] - Investment activities resulted in a net cash flow of -¥9,936,095.44, a decrease of 343.32% compared to the previous period, mainly due to increased cash payments for fixed assets and intangible assets[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,952, with the largest shareholder holding 51.25% of the shares[9] Asset Management and Investments - The company's non-current asset disposal gains amounted to CNY 56,130.94, and government subsidies recognized in the current period totaled CNY 5,447,441.90[7] - Construction in progress increased by 218.49% to CNY 64,069,404.85, attributed to increased investment in technological upgrades[13] - The company is in the process of re-evaluating the disposal plan for its wholly-owned subsidiary, Qing Shan Hotel, as the previous listing did not attract interested buyers[18] - The company has not held any securities investments during the reporting period[23] Derivative Investments - The company engaged in derivative investment with an initial investment of 5 million CNY in PVC futures for hedging purposes, with no impairment recorded during the reporting period[24] - The total derivative investment at the end of the reporting period remained at 5 million CNY, representing 0.00% of the company's net assets[24] - The company established a comprehensive risk control system for its derivative investments, ensuring that the margin for PVC hedging does not exceed 50 million CNY[24] - The independent directors confirmed that the company's hedging procedures comply with national laws and regulations, and a dedicated organization for hedging has been established[24] - The company has not experienced any significant changes in its accounting policies or principles regarding derivative investments compared to the previous reporting period[24] Expenses - Financial expenses for the period were ¥13,915,652.11, a decrease of 40.22% compared to the previous period, primarily due to reduced borrowing and corresponding interest expenses[15] - Sales expenses for the period were ¥22,973,473.18, a decrease of 38.46% compared to the previous period, mainly due to an increase in customer self-pickup rates reducing transportation costs[14] - Operating tax and additional expenses for the period were ¥10,657,340.31, a decrease of 38.62% compared to the previous period, mainly due to reduced VAT payable[14]

Financial Performance - The company achieved operating revenue of ¥951,186,765.21, a decrease of 31.41% compared to the same period last year[22]. - Net profit attributable to shareholders was ¥74,241,956.21, an increase of 45.65% year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥71,064,067.32, reflecting a growth of 62.94% compared to the previous year[22]. - Basic earnings per share increased by 45.83% to ¥0.245[22]. - The company's operating revenue for the current period is ¥951,186,765.21, a decrease of 31.41% compared to the same period last year, primarily due to changes in electricity settlement methods and reduced sales volume[32]. - Operating costs decreased by 37.22% to ¥752,639,754.32, attributed to changes in electricity settlement methods and lower production costs[32]. - The company reported a significant increase in cash flow from operating activities, amounting to ¥154,382,369.10, a 92.17% increase year-on-year[32]. - The company achieved 45.47% of its annual revenue target of ¥2,092,124,000 in the first half of 2014[35]. - The total profit for the current period is ¥101,602,522.28, which is a 49.8% increase compared to ¥67,843,382.81 in the previous period[125]. - The company recorded a total comprehensive income of ¥74,241,956.21 for the current period, which is a 45.5% increase from ¥50,971,869.02 in the previous period[125]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥154,382,369.10, up 92.17% from the same period last year[22]. - The net increase in cash and cash equivalents was ¥78,100,704.71, a remarkable increase of 746.53% compared to the previous year[33]. - The company's cash and cash equivalents increased to ¥119,848,012.30 from ¥41,747,307.59, showing a significant growth[114]. - The ending balance of cash and cash equivalents increased to CNY 119,109,391.84, up from CNY 9,340,055.24 at the end of the previous period[133]. - The total cash inflow from operating activities amounted to CNY 573,442,608.00, while cash outflow was CNY 419,061,632.82, resulting in a net cash inflow of CNY 154,380,975.18[132]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,473,465,037.65, a decrease of 2.20% from the end of the previous year[22]. - Total current assets increased to ¥783,483,153.29 from ¥753,958,164.35, demonstrating overall asset growth[114]. - Total liabilities decreased to CNY 685,460,696.42 from CNY 807,668,364.86[116]. - The company's total assets were CNY 3,473,465,037.65, down from CNY 3,551,724,657.34[116]. - The total owner's equity at the end of the reporting period was CNY 2,795,705,000, an increase from CNY 2,748,169,000 at the beginning of the year[140]. Investments and Capital Expenditures - The company has a total investment of 584.84 million RMB in the 100,000-ton ethylene monomer technical transformation project[55]. - The company has ongoing construction projects with an investment of CNY 40,478,775.11, up from CNY 20,116,404.90[118]. - The company utilized ¥500,000 in PVC futures for hedging purposes, with no losses reported during the period[46]. Shareholder Information - The total number of shares is 303,087,602, with 41.58% being limited shares and 58.42% being unrestricted shares[98]. - The largest shareholder, Guodian Yinglite Chemical Group Co., Ltd., holds 51.25% of the shares, totaling 155,322,687[100]. - The company implemented a cash dividend of 1 RMB per 10 shares for the 2013 fiscal year, totaling 1 million RMB distributed to shareholders[57]. Risk Management and Compliance - The company established a complete risk control system for its PVC hedging business, with a margin not exceeding 50 million RMB[47]. - The company conducted a risk assessment of Guodian Financial Co., Ltd. and found no significant risks associated with their financial services[77]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[147]. Management and Governance - The company experienced changes in its management team, including the resignation of the financial director and the appointment of a new one[109]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[103]. - The company has not engaged in any significant contracts or transactions during the reporting period[87][88]. Accounting Policies and Practices - The company has no significant changes in accounting policies compared to the previous reporting period[47]. - The company recognizes goodwill when the purchase cost exceeds the fair value of identifiable net assets acquired on the purchase date[153]. - The company assesses financial assets for impairment at the balance sheet date, recognizing impairment losses based on the present value of expected future cash flows[170].

证券代码：000635 证券简称：英 力 特 公告编号：2014-023 宁夏英力特化工股份有限公司 2014 年第一季度报告正文 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。 公司负责人秦江玉、主管会计工作负责人唐新军及会计机构负责人(会计主 管人员)涂华东声明：保证季度报告中财务报表的真实、准确、完整。 1 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 416,608,802.78 | 611,775,370.63 | -31.9% | | 归属于上市公司股东的净利润（元） | 27,655,336.26 | 19,390,665.43 | 42.62% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 26,107,153.89 | 15,300,136.38 ...

Financial Performance - The company's operating revenue for 2013 was CNY 2,739,949,306.22, representing a 0.71% increase compared to CNY 2,720,684,906.44 in 2012[22]. - The net profit attributable to shareholders for 2013 was CNY 77,011,964.74, a significant increase of 153.62% from CNY 30,365,616.96 in 2012[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 55,422,930.80, up 703.46% from CNY 6,898,054.61 in 2012[22]. - The net cash flow from operating activities was CNY 268,528,221.40, an increase of 28.83% compared to CNY 208,439,827.87 in 2012[22]. - The basic earnings per share for 2013 was CNY 0.254, a 126.79% increase from CNY 0.112 in 2012[22]. - The total assets at the end of 2013 were CNY 3,551,724,657.34, a decrease of 2.05% from CNY 3,625,969,165.04 at the end of 2012[22]. - The net assets attributable to shareholders at the end of 2013 were CNY 2,744,056,292.48, reflecting a 2.38% increase from CNY 2,680,242,919.69 at the end of 2012[22]. - The weighted average return on equity for 2013 was 2.84%, up from 1.32% in 2012[22]. Revenue and Production - The company achieved operating revenue of CNY 273,994.93 million, a year-on-year increase of 0.71%[31]. - Net profit for the period was CNY 77,011,964.74, representing a year-on-year growth of 153.62%[26][31]. - Total profit amounted to CNY 10,576.52 million, up 166.92% compared to the previous year[31]. - Production of calcium carbide reached 481,600 tons, PVC production was 224,500 tons, and P-PVC production was 45,600 tons, with respective year-on-year increases of 9.8%, 1.5%, and 13.2%[31]. - The company reported a significant increase in revenue from calcium carbide, which surged by 170.3% year-on-year to ¥191,777,032.85[57]. - PVC product revenue increased to ¥1,324,611,502.89, reflecting a 6.75% year-on-year growth[57]. Cost Management - The company reduced costs for calcium carbide, PVC, and P-PVC by 11.85%, 9.35%, and 13.01% respectively[31]. - The total cost of goods sold for the chemical industry was ¥1,966,993,931.28, reflecting a year-on-year increase of 2.8%[45]. Cash Flow and Investments - Operating cash inflows totaled ¥1,140,625,275.86, a 17.3% increase compared to the previous year[53]. - The cash and cash equivalents increased by ¥18,810,292.23, marking an 82.01% rise compared to the previous year[53]. - The company has not made any external investments during the reporting period, contrasting with an investment of ¥130,310,000.00 in the previous year[67]. - The company reported a total investment of 500,000 RMB in PVC futures for hedging purposes, with a market value of 1,883,390 RMB at the end of the reporting period[70]. Risk Management - The company has disclosed potential risks that may adversely affect its future development strategies and operational goals[12]. - The company has established a risk control system for its PVC hedging business, ensuring that the margin for opening positions does not exceed 5,000,000 RMB[70]. - The company recognizes risks related to safety, environmental protection, and market competition, and has strategies in place to mitigate these risks[87][90]. Environmental and Social Responsibility - The company invested CNY 45,581,400 in environmental protection, achieving compliance with "three wastes" discharge standards[35]. - The company has maintained normal operation of pollution control facilities, with no environmental pollution incidents reported during the reporting period[101]. - The company has signed a special collective contract to protect the rights of female employees, providing 176,700 yuan worth of sanitary products[183]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares to shareholders based on the total share capital of 303,087,602 shares as of December 31, 2013[4]. - The total cash dividend amount for 2013 was CNY 30,308,760.20, representing 39.36% of the net profit attributable to shareholders[98]. - The company has a policy that mandates a minimum cash dividend ratio of 80% during profit distribution when in a mature development stage[97]. Management and Governance - The company has maintained a stable management team, with all current directors and supervisors having served since at least August 2012[143]. - The independent directors bring diverse expertise, including accounting, law, and engineering, enhancing corporate governance[151]. - The financial oversight is led by Wang Shuping, who has been the chair of the supervisory board since August 2009[155]. Employee Relations - The company employed a total of 2,875 employees, including those from subsidiaries[175]. - The average employee salary increased by 14.87% compared to the previous year[183]. - The company has not experienced any labor disputes throughout the year, ensuring stable labor relations[182].