2020 年第三季度报告 2020 年 10 月 1 珠海中富实业股份有限公司 2020 年第三季度报告全文 珠海中富实业股份有限公司 2020 年第三季度报告全文 第一节 重要提示 珠海中富实业股份有限公司 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。 公司负责人刘锦钟、主管会计工作负责人张海滨及会计机构负责人(会计主 管人员)叶彩霞声明：保证季度报告中财务报表的真实、准确、完整。 2 珠海中富实业股份有限公司 2020 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 | | 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） | 2,361,751,554.88 | 2,376,334,069.03 | | -0.61% | | 归属于上市公司股东的净资产 | 713,533,190. ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥639,228,416.37, a decrease of 22.95% compared to ¥829,576,749.54 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥24,817,571.07, representing a decline of 52.46% from a loss of ¥16,278,511.86 in the previous year[17]. - The net cash flow from operating activities was ¥67,005,947.89, down 8.92% from ¥73,565,808.04 in the same period last year[17]. - The basic earnings per share were -¥0.0193, a decrease of 51.97% compared to -¥0.0127 in the previous year[17]. - Total assets at the end of the reporting period were ¥2,374,982,426.17, a slight decrease of 0.06% from ¥2,376,334,069.03 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 3.40% to ¥711,386,364.81 from ¥736,403,033.50 at the end of the previous year[17]. - The company reported non-recurring losses totaling ¥11,762,239.54 for the period[21]. - The company faced a significant increase in net profit attributable to shareholders after deducting non-recurring gains and losses, which was a loss of ¥13,055,331.53, compared to a loss of ¥3,988,928.25 in the previous year, marking a 227.29% increase in losses[17]. - The weighted average return on net assets was -3.43%, compared to -2.41% in the previous year, indicating a decline in profitability[17]. Revenue and Costs - The company's revenue for the reporting period was CNY 639.23 million, a decrease of 22.95% compared to the previous year due to reduced sales orders impacted by the COVID-19 pandemic and a significant drop in PET raw material prices[31][39]. - Beverage packaging products accounted for ¥520,565,404.33, representing 81.44% of total revenue, down 26.29% from ¥706,193,552.41[42]. - Gross profit margin for the beverage industry was 23.90%, a decrease of 3.38% compared to the previous year[43]. - The company's operating costs decreased by 26.22% to ¥486,439,943.55 compared to the previous year[43]. - Total operating costs for the first half of 2020 were CNY 633,922,637.50, down from CNY 816,139,102.75 in the first half of 2019, reflecting a reduction of 22.36%[132]. Investments and R&D - The company increased its R&D investment by 59.91% to CNY 2.57 million, driven by new R&D projects[39]. - Research and development expenses increased to CNY 2,572,212.07 in the first half of 2020, up from CNY 1,608,539.09 in the same period of 2019, representing a growth of 59.93%[132]. Market Strategy and Operations - The company plans to enhance its marketing network and improve supply to existing customers while increasing supply to new customers in the second half of 2020[37]. - The company has a nationwide market, production, and sales network, which is a key competitive advantage in the beverage packaging industry[29]. - The company has established a production model based on sales demand, effectively managing production costs and quality control[33]. - The company aims to reduce its debt burden through asset integration and improve financial management to ensure the safety of its cash flow[39]. - The company plans to optimize its business model and reduce costs to enhance market competitiveness due to intense competition in the beverage packaging market[61]. - The company aims to develop new customers and expand into new markets to mitigate risks associated with customer concentration[63][64]. Financial Position and Liabilities - The total liabilities decreased to CNY 1,743,399,319.41 from CNY 1,719,212,039.52, showing a reduction of about 1.4%[126]. - Long-term borrowings increased to ¥407,386,033.50, accounting for 17.15% of total liabilities[49]. - The company's total liabilities increased slightly to CNY 2,951,790,476.77 in the first half of 2020 from CNY 2,925,061,069.07 in the same period of 2019[132]. - The total current liabilities decreased to CNY 1,265,681,500.89 from CNY 1,660,558,553.39, indicating a significant reduction of approximately 23.8%[125]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,767[105]. - The largest shareholder, Shaanxi New Silk Road Investment Partnership, holds 15.71% of the shares, totaling 201,961,208 ordinary shares[106]. - Shenzhen Guoqing Technology Co., Ltd. is the second-largest shareholder with an 11.39% stake, amounting to 146,473,200 ordinary shares[106]. - There were no significant changes in the company's major shareholders during the reporting period[107]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[106]. Legal and Compliance - There were no significant litigation or arbitration matters during the reporting period, reflecting a stable legal environment for the company[75]. - The company has made commitments regarding competition and related party transactions, ensuring compliance with market principles and legal regulations[70]. - The half-year financial report has not been audited, indicating that the financial data may not be fully verified[72]. - The company has not engaged in any related party transactions during the reporting period, indicating a focus on independent operations[81]. Cash Flow and Financial Management - The net cash flow from operating activities for the first half of 2020 was 67,005,947.89 CNY, down from 73,565,808.04 CNY in the first half of 2019, reflecting a decrease of approximately 8.5%[141]. - The cash inflow from operating activities totaled 679,842,806.50 CNY, a decrease of 19.2% from 841,361,510.24 CNY in the previous year[141]. - The cash outflow from operating activities was 612,836,858.61 CNY, down from 767,795,702.20 CNY, representing a reduction of about 20.2%[141]. - The net cash flow from investing activities was -32,114,790.40 CNY, worsening from -14,168,090.82 CNY in the same period last year[142]. - The net cash flow from financing activities was -36,691,467.20 CNY, an improvement from -88,745,421.58 CNY in the first half of 2019[142]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[149]. - Future guidance indicates a cautious outlook due to market conditions, with an emphasis on maintaining financial stability[149].

Financial Performance - The company's operating revenue for Q1 2020 was ¥249,910,835.31, a decrease of 31.44% compared to ¥364,528,371.74 in the same period last year[8] - The net profit attributable to shareholders was -¥37,647,786.04, representing a decline of 75.77% from -¥21,419,057.32 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥30,988,814.27, down 90.50% from -¥16,267,282.62 in the previous year[8] - The basic earnings per share were -¥0.0293, a decline of 75.45% from -¥0.0167 in the same period last year[8] - The diluted earnings per share were also -¥0.0293, reflecting the same percentage decrease of 75.45%[8] - The weighted average return on equity was -5.25%, compared to -3.18% in the previous year, indicating a worsening performance[8] - The company's net loss for Q1 2020 was CNY 26,276,014.64, compared to a net profit in the previous period[36] - The total profit for Q1 2020 was -¥32,960,501.76, which is a significant increase in loss from -¥16,303,830.67 in the previous year[38] - The total comprehensive income for Q1 2020 was -¥37,431,383.46, compared to -¥21,795,400.65 in the same period last year[38] - The operating profit for Q1 2020 was -¥25,714,383.04, a decline from -¥10,594,230.08 in the previous year[38] Cash Flow - The net cash flow from operating activities was ¥10,550,682.47, a decrease of 16.15% compared to ¥12,582,427.39 in the same period last year[8] - The cash inflow from operating activities was ¥304,822,818.00, down from ¥428,152,711.10 in the previous period[43] - Total cash outflow from operating activities amounted to ¥294,272,135.53, compared to ¥415,570,283.71 in the previous year, indicating a reduction of about 29.2%[45] - Cash inflow from investment activities was ¥10,845,705.89, down from ¥25,042,524.73, representing a decrease of approximately 56.7%[46] - The net cash flow from investment activities was ¥3,660,423.00, significantly lower than ¥10,594,800.79 in the same period last year, marking a decline of around 65.4%[46] - Cash inflow from financing activities totaled ¥2,301,031.29, a sharp drop from ¥48,875,054.51, reflecting a decrease of approximately 95.3%[46] - The net cash flow from financing activities was -¥34,288,997.20, compared to -¥62,923,840.61 in Q1 2019, showing an improvement of about 45.2%[46] - The ending balance of cash and cash equivalents was ¥46,468,685.03, down from ¥35,074,642.21 in the previous year, indicating a decrease of approximately 10.2%[46] - The company reported a total cash outflow of ¥36,590,028.49 from financing activities, compared to ¥111,798,895.12 in the previous year, a reduction of about 67.2%[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,326,506,916.63, down 2.10% from ¥2,376,334,069.03 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥699,315,594.25, a decrease of 5.04% from ¥736,403,033.50 at the end of the previous year[8] - Current liabilities decreased significantly, with short-term borrowings at ¥156,614,814.45, down from ¥160,569,629.24[28] - Total assets decreased to ¥2,326,506,916.63 from ¥2,376,334,069.03, reflecting a decline in both current and non-current assets[28] - Total liabilities decreased slightly to CNY 2,934,659,318.56 from CNY 2,925,061,069.07 at the end of 2019[33] - The company's equity attributable to shareholders decreased to CNY 699,315,594.25 from CNY 736,403,033.50[30] Research and Development - R&D expenses increased by 57.01% to ¥893,759.33 from ¥569,228.07 due to an increase in R&D projects[15] - Research and development expenses increased to CNY 893,759.33 from CNY 569,228.07 in the previous period[36] Operating Costs and Revenue - Operating costs decreased by 32.33% to ¥201,079,344.76 from ¥297,128,299.25, reflecting the same decline in sales orders[15] - Total operating costs for Q1 2020 were ¥138,196,610.65, down from ¥180,761,647.68 in the previous year[40] - Total operating revenue for Q1 2020 was CNY 249,910,835.31, a decrease from CNY 364,528,371.74 in the previous period[35]

Shareholder Structure - The company’s major shareholder, Shaanxi New Silk Road, holds 201,961,208 shares, accounting for 15.71% of total shares, making it the largest shareholder[16]. - Shenzhen Guoqing Company became the second largest shareholder with 146,473,200 shares, representing 11.39% of total shares[16]. - The largest shareholder, Shaanxi New Silk Road Investment Partnership, holds 201,961,208 shares, accounting for 15.71% of total shares[178]. - The second largest shareholder, Shenzhen Guoqing Technology Co., holds 146,473,200 shares, representing 11.39% of total shares[178]. - The shareholding structure shows that the top three shareholders hold a combined total of 28.76% of the shares[174]. - The company has no controlling shareholder, as no single shareholder can influence shareholder meetings significantly[178]. - The company has no actual controller, as defined by the relevant regulations[182]. - The company’s previous controlling shareholder, Shenzhen Jieande Industrial Co., was declared bankrupt on August 1, 2018[176]. - The shares of Shenzhen Jieande were auctioned off, with Shenzhen Guoqing winning the bid for 146,473,200 shares[177]. - The company’s stock structure includes shareholders with less than 5% ownership, categorized as "others"[185]. Financial Performance - In 2019, the company's operating revenue was CNY 1,558,030,855.95, a decrease of 3.75% compared to CNY 1,618,701,057.88 in 2018[18]. - The net profit attributable to shareholders was CNY 18,069,754.51, down 19.32% from CNY 22,396,912.12 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY -35,799,431.62, an improvement of 27.86% from CNY -49,621,647.68 in 2018[18]. - The company's total assets decreased by 4.30% to CNY 2,376,334,069.03 at the end of 2019, down from CNY 2,483,123,555.32 in 2018[18]. - The net assets attributable to shareholders increased by 7.71% to CNY 736,403,033.50 at the end of 2019, compared to CNY 683,710,097.35 in 2018[18]. - The company reported a basic earnings per share of CNY 0.0141, a decrease of 18.97% from CNY 0.0174 in 2018[18]. - The company maintained a cash flow from operating activities of CNY 241,287,669.50, which is a decrease of 3.52% from CNY 250,092,616.79 in 2018[18]. - The company achieved operating revenue of approximately 1.558 billion yuan, with a net profit attributable to shareholders of about 18.07 million yuan, reflecting a decrease of 3.75% compared to the previous year[36]. - The beverage packaging products accounted for 84.78% of total revenue, with sales of approximately 1.321 billion yuan, showing a slight increase of 0.24% year-on-year[50]. - The beverage processing segment experienced a significant decline in revenue, down 19.05% to approximately 197.24 million yuan[50]. - The company reported a government subsidy income of ¥3,784,190.82, accounting for 5.43% of total profit[75]. - The company reported significant revenue from its subsidiaries, with Qingdao Zhongfu Container Co., Ltd. generating RMB 53,075,029.09 in operating income and RMB 5,216,049.62 in net profit, contributing over 10% to the company's net profit[87]. - Lanzhou Zhongfu Container Co., Ltd. achieved an operating income of RMB 69,535,293.01 and a net profit of RMB 5,052,950.66, also impacting the overall net profit significantly[87]. Operational Challenges - The company faced challenges due to a declining economy and rising consumer prices, impacting the demand for fast-moving consumer goods[35]. - The beverage industry is experiencing intense competition, leading to pressure on profit margins for beverage packaging manufacturers[91]. - The company acknowledges risks related to customer concentration and plans to develop new clients and flexible cooperation models to mitigate these risks[99]. - The company is committed to closely monitoring the COVID-19 pandemic's impact on operations and maintaining communication with suppliers and customers to minimize disruptions[101]. Research and Development - Research and development expenses increased by 56.76% to 5,273,466.47 yuan in 2019 from 3,363,952.74 yuan in 2018[63]. - The number of R&D personnel increased by 143.75% to 39 in 2019 from 16 in 2018[70]. - The company has successfully implemented several new R&D projects aimed at improving production efficiency and product quality[65]. Debt and Financial Management - The company repaid approximately 154 million yuan in loans during the reporting period, effectively reducing its debt and laying the foundation for lower financial costs[39]. - The company plans to reduce debt burden through various methods, including asset integration, to ensure the safety of the capital chain[93]. - The company reported financial expenses of approximately 100 million RMB, indicating significant pressure on financial management[93]. - The total liabilities increased to ¥1,065,307,079.71, representing 44.83% of total assets[78]. - The total liabilities to equity ratio was approximately 3.09, indicating a high level of leverage[117]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - The company’s financial report did not receive a non-standard audit report, indicating compliance with accounting standards[112]. - The company engaged Zhongxi Accounting Firm for auditing services, with a fee of ¥4,300,000, and has maintained this auditor for five consecutive years[129]. - The company faced several lawsuits related to securities false statements, with a total amount involved of ¥79.87 million and ¥3.75 million in separate cases, but no expected liabilities were recognized[132]. - The company has not undergone any bankruptcy restructuring during the reporting period[131]. Future Strategies - The company plans to enhance its operational model and marketing network to increase supply to existing clients such as Coca-Cola and Pepsi, while also targeting new clients like Qingdao Beer and Yuanqi Forest[42]. - The company aims to implement refined management practices and strict budget controls to lower operational costs[43]. - Future strategies include expanding into non-beverage plastic packaging markets, such as cosmetic and pharmaceutical packaging, to seek broader market opportunities[91]. - The company aims to innovate continuously to meet changing consumer demands and maintain a competitive edge in the beverage packaging sector[91]. Compliance and Regulations - The company received a warning and a fine of 600,000 for violations of information disclosure regulations[158]. - The company has disclosed its administrative penalty details in multiple announcements[159]. - The company has not engaged in any related party transactions during the reporting period[138]. - The company has not reported any related party debts or credits during the reporting period[141]. - The company has not experienced any trust, contracting, or leasing situations during the reporting period[144]. - The company has not reported any major guarantees during the reporting period[148]. Social Responsibility - The company actively fulfills its social responsibilities, including tax obligations and environmental protection measures[155]. - The company is not listed as a key pollutant discharge unit by environmental protection authorities[157]. - The company has not initiated any targeted poverty alleviation efforts during the reporting year[156].

Financial Performance - Operating revenue for the reporting period was CNY 456,510,339.42, down 10.42% year-on-year, with a cumulative revenue of CNY 1,286,087,088.96, a decrease of 6.66%[7] - Net profit attributable to shareholders was CNY 6,801,548.18, a decline of 58.00% compared to the same period last year, with a cumulative net profit of CNY -9,476,963.68, down 139.48%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,620,495.98, an increase of 161.73% year-on-year[7] - Total operating revenue for Q3 2019 was CNY 456,510,339.42, a decrease of 10.4% compared to CNY 509,633,796.68 in the same period last year[39] - The company's net loss for Q3 2019 was not explicitly stated, but the retained earnings showed a decline to -CNY 1,328,043,097.47 from -CNY 1,318,566,133.79[32] - The net profit for the third quarter was a loss of CNY 10,617,425.55, compared to a profit of CNY 22,350,789.37 in the same period last year[48] - The total profit for the third quarter was CNY 16,771,555.42, down from CNY 46,601,656.30 in the previous year[48] - The company's operating profit was ¥26,142,410.06, compared to ¥29,941,032.69 in the previous period, reflecting a decrease of 12.9%[43] - The total comprehensive income for the third quarter was a loss of CNY 3,063,098.69, compared to a gain of CNY 31,054,733.02 in the same period last year[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,451,105,660.32, a decrease of 1.29% compared to the end of the previous year[7] - The total assets amounted to CNY 4,508,741,801.30, a slight increase from CNY 4,488,248,222.08 year-on-year[37] - The total liabilities as of September 30, 2019, were CNY 1,847,729,397.14, slightly down from CNY 1,876,684,193.45 at the end of 2018[32] - Current liabilities totaled CNY 1,803,113,194.72, an increase of 37.5% from CNY 1,310,033,372.57 year-on-year[32] - Non-current liabilities decreased to CNY 44,616,202.42 from CNY 566,650,820.88, reflecting a significant reduction in long-term obligations[32] - Total liabilities reached CNY 2,964,993,381.86, with current liabilities at CNY 2,435,900,479.91[69] - The company's equity attributable to shareholders was CNY 683,710,097.35, while total equity stood at CNY 606,439,361.87[65] Cash Flow - The company reported a net cash flow from investment activities of -27,151,271.38 yuan, a decrease of 892.93% compared to the previous year[17] - The cash flow from operating activities was CNY 1,356,314,015.73, compared to CNY 1,463,746,570.54 in the previous period[54] - Net cash outflow from investing activities was CNY -27,151,271.38, compared to a net inflow of CNY 3,424,164.55 in the previous period[56] - Net cash flow from financing activities was CNY -127,008,226.83, a decrease from CNY -157,735,816.90 in the previous period[56] - The net increase in cash and cash equivalents was CNY -9,763,358.59, compared to a decrease of CNY -31,613,134.09 in the previous period[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,819[11] - The top ten shareholders held a total of 201,961,208 shares, accounting for 15.71% of the total shares[11] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 214.11% to CNY 26,848,176.61 due to an increase in bank acceptance bills held[15] - Prepayments increased by 55.38% to CNY 121,320,512.82, primarily due to higher advance payments for raw materials[15] - The company’s inventory decreased to 168,998,657.88 yuan from 190,241,812.28 yuan, a reduction of approximately 11.1%[29] - Accounts receivable increased to 240,084,036.53 yuan, up from 192,764,744.90 yuan, indicating a growth of about 24.4%[29] Financial Ratios - The weighted average return on net assets was 1.01%, down 1.39% compared to the previous year[7] - The total liabilities to equity ratio is approximately 3.09, suggesting a high leverage level[65] Other Financial Metrics - The company reported a significant decrease in other income, with a total of 549,293.92 yuan, down 90.20% from 5,603,113.65 yuan in the previous year[17] - The company recorded a credit impairment loss of -1,173,238.95 yuan, a 100% increase compared to the previous year[16] - The company incurred financial expenses of CNY 76,129,940.42, down from CNY 86,175,261.04 in the previous period[51] - The company has committed to normal performance of its promises regarding related party transactions and competitive business operations[19]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥829,576,749.54, a decrease of 4.45% compared to ¥868,194,543.86 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥16,278,511.86, representing a decline of 308.40% from a profit of ¥7,811,190.61 in the previous year[17]. - The basic earnings per share were -¥0.0127, down 308.20% from ¥0.0061 in the previous year[17]. - Operating profit fell to ¥12,512,627.89, down 58.81% compared to the previous year[32]. - The company reported a total comprehensive loss of CNY 12,670,700.94 for the first half of 2019, compared to a comprehensive income of CNY 7,011,540.94 in the previous year[126]. - The company reported a net loss of CNY 48,214,378.42 for the current period, reflecting a significant decline in comprehensive income[148]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 27.68% to ¥73,565,808.04, compared to ¥57,616,797.70 in the same period last year[17]. - Cash and cash equivalents decreased to ¥45,236,815.74, accounting for 1.82% of total assets, down from 2.47% in the previous year, primarily due to cash outflows from financing activities[44]. - The ending balance of cash and cash equivalents was 44,936,815.74 CNY, down from 64,517,547.26 CNY at the end of the first half of 2018[135]. - Cash inflow from operating activities totaled 841,361,510.24 CNY, down 9.3% from 927,739,053.74 CNY in the previous year[132]. - Cash outflow from operating activities was 767,795,702.20 CNY, a decrease from 870,122,256.04 CNY in the same period last year[134]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,487,427,152.94, a slight increase of 0.17% from ¥2,483,123,555.32 at the end of the previous year[17]. - The company’s total liabilities reached CNY 1,893,658,492.01, compared to CNY 1,876,684,193.45 in the previous period[117]. - The equity attributable to shareholders decreased to CNY 671,748,049.75 from CNY 683,710,097.35, reflecting a decline of about 1.4%[117]. - Current liabilities increased significantly to CNY 1,848,935,665.94 from CNY 1,310,033,372.57, indicating a rise of approximately 41%[116]. - The company’s total assets amounted to CNY 4,441,591,287.90, while total liabilities were CNY 2,966,550,826.10, resulting in total equity of CNY 1,475,040,461.80[125]. Operational Efficiency and Strategy - The company implemented a performance-based responsibility system to improve operational efficiency and reduce labor costs[34]. - The company plans to optimize its business model and reduce costs to enhance market competitiveness, focusing on developing new products beyond beverage packaging[56]. - The company aims to improve operational efficiency through technological advancements and innovation in its product offerings[144]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[144]. Market and Competition - The beverage packaging industry is characterized by intense competition and seasonal demand, with peak sales in the second and third quarters[26]. - The company faces risks from intense competition in the beverage packaging market, which has led to high production costs and challenges in fully utilizing capacity[56]. - Customer concentration remains a risk, with sales heavily reliant on a few major clients, which could impact production and sales if these clients reduce external purchases[57]. - The company maintained a stable customer base, including major clients like Coca-Cola, Pepsi, and Nestlé, while expanding its client structure to include new customers[33]. Legal and Regulatory Issues - The company faced four lawsuits related to securities false statements with a total amount involved of CNY 79.86 million, which has not formed any provisions[67]. - The company was fined CNY 600,000 by the China Securities Regulatory Commission for information disclosure violations[69]. - The company’s director Liu Jinchong was fined CNY 300,000 for information disclosure violations[69]. - The company’s director Song Jianming was also fined CNY 300,000 for information disclosure violations[69]. - Senior executive Han Huiming received a warning and was fined CNY 150,000 for information disclosure violations[70]. Research and Development - The company reported a 1.53% increase in R&D investment, totaling ¥1,608,539.09[37]. - Research and development expenses were CNY 1,608,539.09, slightly up from CNY 1,584,331.23 in the previous year[124]. Shareholder Information - The total number of shares remains at 1,285,702,520, with no changes during the reporting period[96]. - The largest shareholder, Shaanxi New Silk Road Investment Partnership, holds 15.15% of shares, totaling 194,825,622 shares[99]. - Shenzhen Jiedande Industrial Co., Ltd. holds 11.39% of shares, totaling 146,473,200 shares, which are frozen[99]. Financial Reporting and Compliance - The company’s half-year financial report was not audited, which may affect investor confidence[64]. - The financial statements are prepared based on the assumption of going concern, indicating the company has the ability to continue operations for at least 12 months from the reporting date[162]. - The report indicates that the company has not encountered any significant events affecting its ability to continue as a going concern[162].

Financial Performance - The company's operating revenue for 2018 was CNY 1,618,701,057.88, a slight increase of 0.24% compared to CNY 1,614,849,088.04 in 2017[18]. - The net profit attributable to shareholders decreased by 76.17% to CNY 22,396,912.12 from CNY 93,969,583.37 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY -49,621,647.68, a significant decline of 1,192.90% compared to CNY 4,540,360.73 in 2017[18]. - The net cash flow from operating activities was CNY 250,092,616.78, down 13.23% from CNY 288,224,540.02 in 2017[18]. - Basic and diluted earnings per share were both CNY 0.0174, a decrease of 76.20% from CNY 0.0731 in the previous year[18]. - The weighted average return on net assets was 3.10%, down 14.68% from 17.78% in 2017[18]. - Total assets at the end of 2018 were CNY 2,483,123,555.32, a decrease of 6.19% from CNY 2,647,027,237.21 at the end of 2017[18]. - The net assets attributable to shareholders increased by 3.90% to CNY 683,710,097.35 from CNY 658,071,019.69 in 2017[18]. Revenue and Sales - Total revenue for the first quarter was ¥374,014,751.50, increasing to ¥494,179,792.36 in the second quarter, and reaching ¥509,633,796.68 in the third quarter, before dropping to ¥240,872,717.34 in the fourth quarter[22]. - The net profit attributable to shareholders was negative in the first quarter at -¥11,347,491.13, positive in the second quarter at ¥19,158,681.74, and ¥16,195,891.39 in the third quarter, but again negative in the fourth quarter at -¥1,610,169.88[22]. - The beverage packaging products accounted for 81.40% of total revenue, with a year-on-year growth of 5.05%[43]. - The Southwest region showed a notable revenue increase of 23.75% compared to the previous year[43]. - The total revenue for the beverage industry (packaging + OEM) reached ¥1,298,906,665.56, representing a year-on-year increase of 2.70%[51]. Operational Strategy - The company operates in a highly competitive beverage packaging industry, with a focus on PET bottles and OEM services for major clients like Coca-Cola and Pepsi[28]. - The company has expanded its product line to include metal can packaging and continues to enhance its customer base to mitigate the impact of declining demand from traditional clients[35]. - The company maintains a nationwide production and sales network, which supports its competitive edge in production efficiency and cost management[33]. - The company has established a strong engineering technology center with leading capabilities in beverage and beer packaging research and development[33]. - The company plans to enhance its operational model and marketing network to increase supply to major clients such as Coca-Cola and PepsiCo in 2019[37]. - The company plans to expand into non-beverage plastic packaging markets, including personal care, beer, and pharmaceutical packaging, to seek broader market opportunities[78]. Financial Management - The company reduced its debt burden by repaying approximately CNY 224 million in loans, which effectively lowered financial costs[36]. - The company aims to optimize its workforce structure to improve labor efficiency and reduce human resource costs[36]. - The company plans to leverage capital market resources to support its ongoing development and expansion strategies[40]. - The company is focused on reducing debt burdens and ensuring financial stability through improved financial management and capital market resources[79]. Legal and Regulatory Issues - The company has faced regulatory scrutiny, receiving a warning and a fine of CNY 600,000 from the China Securities Regulatory Commission[5]. - The company’s board member Liu Jinchong was fined 300,000 yuan for information disclosure violations[110]. - The company’s former director Song Jianming was also fined 300,000 yuan for similar violations[110]. - The company’s senior executive Han Huiming received a warning and a fine of 150,000 yuan for information disclosure violations[110]. - The company is involved in a legal dispute with Qiaogeli Ice Spring Industry Co., Ltd. regarding unpaid goods worth RMB 16,726,112.07[107]. - The company has incurred an estimated loss of approximately RMB 8.4 million due to arbitration related to Qiaogeli Ice Spring[108]. Corporate Governance - The company has committed to not engaging in any business activities that may compete directly or indirectly with its main business[91]. - The company is currently fulfilling its commitments regarding related party transactions and ensuring compliance with legal regulations[93]. - The company has undergone significant management changes, with multiple board members and executives having served in various capacities since 2018[184]. - The company has a diverse management team with experience in various sectors, including finance, law, and technology[185]. - The company is committed to improving its corporate governance and compliance following regulatory actions[187]. Human Resources - The company employed a total of 2,103 staff, including 1,011 production personnel and 690 technical personnel[190]. - The company has established a performance-based compensation system that links variable pay to company performance and individual employee performance[192]. - The company has implemented training programs aimed at enhancing management skills and employee competencies[193]. - The number of employees receiving compensation during the period was 2,182[190]. Subsidiaries and Investments - The company established two new subsidiaries: Lanzhou Zhongfu Packaging Co., Ltd. and Xi'an Zhongfu Beverage Packaging Co., Ltd.[51]. - The company disposed of equity in Shaanxi Zhongfu Lian Ti Packaging Container Co., Ltd. during the reporting period[51]. - The company sold 100% equity of its wholly-owned subsidiary, Shaanxi Zhongfu Lianqi Packaging Container Co., Ltd., to Dalian Yihai Industrial Development Co., Ltd.[143]. - The company publicly auctioned real estate from its subsidiaries, resulting in a sale of properties for a total of 91 million RMB, including industrial land and buildings[147]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,063, with significant shareholders including Shenzhen Jieande Co., Ltd. holding 11.39% and Shaanxi New Silk Road Investment Partnership holding 11.22%[156]. - The company has no controlling shareholder or actual controller due to the bankruptcy of Shenzhen Jiedande[160]. - The company is currently in the process of completing the share transfer and has not yet allowed the new shareholder to exercise shareholder rights[164].

珠海中富实业股份有限公司 2019 年第一季度报告全文 珠海中富实业股份有限公司 2019 年第一季度报告全文 第一节 重要提示 珠海中富实业股份有限公司 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。 2019 年第一季度报告 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘锦钟、主管会计工作负责人张海滨及会计机构负责人(会计主 管人员)叶彩霞声明：保证季度报告中财务报表的真实、准确、完整。 2019 年 04 月 2 1 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 677.41 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 66,623.66 | | | 除上述各项之外的其他营业外收入和支出 | -5,709,600.59 | | | 减：所得税影响额 | -324,665.93 | | | 少数股东权益影响额（税后） ...

Financial Performance - Operating revenue for the reporting period was CNY 509,633,796.68, down 2.00% year-on-year, while year-to-date revenue increased by 2.37% to CNY 1,377,828,340.54[8] - Net profit attributable to shareholders decreased by 48.10% to CNY 16,195,891.39 for the reporting period, and year-to-date net profit decreased by 42.26% to CNY 24,007,082.00[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -26,568,521.79, a decrease of 521.80% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY 0.0126, down 48.15% year-on-year[8] - The weighted average return on net assets was 2.40%, a decrease of 3.71% compared to the previous year[8] - The projected net profit for the year is expected to show a substantial decline compared to the previous year, indicating potential losses[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,615,280,797.54, a decrease of 1.20% compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 4.97% to CNY 690,782,045.35 compared to the previous year[8] - Prepayments increased by 78.66% to CNY 182,331,172.85 due to higher advance payments for raw materials[16] - The amount of notes payable increased by 100.36% to CNY 139,044,300.40 due to the consolidation of accounts and an increase in issued notes for material purchases[16] - Long-term borrowings decreased by 55.83% to CNY 561,051,282.03 as some long-term loans were reclassified to current liabilities[16] Expenses and Losses - Management expenses increased by 39.02% to ¥127,208,449.51 due to higher operating costs compared to the previous year[17] - Asset impairment losses rose significantly by 346.35% to ¥4,143,971.04, primarily due to increased bad debt provisions[17] - Investment income dropped to zero, a decrease of 100.00%, due to reduced long-term equity investments[17] - Operating income decreased by 77.95% to ¥5,603,113.65, mainly due to a reduction in government subsidies received[17] Cash Flow - Cash flow from investing activities saw a decline of 103.01%, resulting in a net cash flow of ¥3,424,164.55, due to increased proceeds from asset disposals[18] - Cash flow from financing activities decreased by 838.87% to -¥157,735,816.90, primarily due to a reduction in loans from financial institutions[18] Corporate Actions and Compliance - The company is actively cooperating with the China Securities Regulatory Commission regarding an ongoing investigation since May 2017[19] - The company plans to publicly auction real estate assets from its subsidiaries, with a successful sale of properties for ¥91 million[21] - The company withdrew from a merger fund due to insufficient capital raised, with no impact on its operations or profits[23] - There were no securities investments reported during the period, reflecting a conservative investment strategy[31] - The company did not engage in any entrusted financial management activities during the reporting period, maintaining a focus on core operations[31] - No derivative investments were made during the reporting period, indicating a risk-averse approach[32] - The company has not reported any violations regarding external guarantees during the period, ensuring compliance with regulations[34] - There were no non-operating fund occupations by controlling shareholders or related parties reported, indicating financial integrity[35] Investor Relations and Market Position - The company actively communicated with investors, responding to inquiries about its operational and financial management status[33] - The company’s controlling shareholder faced legal issues, including judicial freezes on shares, which may impact overall stability[27] - The company has not provided any guidance on new product developments or market expansions in the recent reports[30] - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[28]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 868,194,543.86, representing a 5.13% increase compared to CNY 825,844,351.08 in the same period last year[17]. - The net profit attributable to shareholders decreased by 24.68% to CNY 7,811,190.61 from CNY 10,370,195.80 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 16,782,952.20, down 25.33% from CNY 22,475,432.61 in the previous year[17]. - The net cash flow from operating activities was CNY 57,616,797.70, a decline of 26.53% compared to CNY 78,417,084.12 in the same period last year[17]. - Basic earnings per share decreased by 24.69% to CNY 0.0061 from CNY 0.0081 year-on-year[17]. - The company's revenue for the reporting period reached approximately CNY 868.19 million, representing a year-on-year increase of 5.13%[33]. - The operating cost increased to CNY 676.62 million, reflecting a year-on-year rise of 4.29%[35]. - The gross profit margin for the beverage packaging and OEM business was 22.07%, showing a slight increase of 0.63% compared to the previous year[37]. - The company reported a net profit from its subsidiary, Zhuhai Zhongfu (Bangkok), of ¥4,937,323.13, contributing to overall profitability[50]. - The total revenue from its subsidiary Lanzhou Zhongfu Packaging Co., Ltd. was RMB 173.63 million, with a net profit of RMB 6.88 million, representing a significant contribution to overall performance[51]. - The subsidiary Chongqing LeFu Packaging Co., Ltd. achieved a revenue of RMB 142.32 million, with a net profit of RMB 19.02 million, indicating strong market demand for its products[51]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by CNY 52.74 million, a decline of 467.01% compared to the previous year[36]. - The company’s investment activities resulted in a net cash outflow of CNY 89.29 million, an improvement of 31.79% from the previous year[35]. - Cash and cash equivalents decreased to ¥66,238,331.54, accounting for 2.47% of total assets, down from 7.80% in the previous year, a decrease of 5.33%[41]. - The ending balance of cash and cash equivalents was CNY 23,378,789.97, down from CNY 33,769,266.57, a decline of 30.7%[153]. - Total cash inflow from operating activities included CNY 785,807,049.22 from sales, an increase from CNY 762,031,280.75, reflecting a growth of 3.7%[151]. - Total cash outflow for operating activities was CNY 790,605,974.18, compared to CNY 774,682,454.32, an increase of 2.1%[152]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,677,954,050.94, an increase of 1.17% from CNY 2,647,027,237.21 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.24% to CNY 666,232,146.57 from CNY 658,071,019.69 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 2,083,648,152.43, slightly up from CNY 2,059,732,879.64, showing a marginal increase of about 1.2%[132]. - Current liabilities rose significantly to CNY 1,469,770,669.33, up from CNY 740,864,288.29, indicating an increase of about 98.5%[132]. - Non-current liabilities decreased to CNY 613,877,483.10 from CNY 1,318,868,591.35, a reduction of approximately 53.6%[132]. - The company's total capital stock is 1,285,702,520 shares, with a par value of CNY 1 per share[166]. Regulatory and Legal Matters - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of securities laws[5]. - The company is facing intense competition in the beverage packaging market, which has led to high production costs and challenges in fully utilizing production capacity[52]. - The company is committed to cooperating with regulatory investigations to minimize negative impacts on its operations and reputation[56]. - The company faced regulatory penalties for information disclosure violations, including a fine of RMB 300,000 imposed on its controlling shareholder[73]. - The controlling shareholder, Shenzhen Jiedande Industrial Co., Ltd., had all of its 146,473,200 shares (11.39% of total shares) judicially frozen[75]. - The bankruptcy proceedings were initiated by Guangzhou Bank, which sought to enforce obligations against the controlling shareholder[81]. Strategic Initiatives and Future Plans - The company plans to enhance operational efficiency and cost control measures to improve profitability in the second half of the year[33]. - The company aims to expand its customer base and product offerings while maintaining service quality for existing clients[33]. - The company plans to optimize its business model by reducing costs and enhancing market competitiveness through product diversification and collaboration with brand beverage manufacturers[52]. - The company intends to publicly dispose of real estate assets from its subsidiaries, including industrial land and buildings totaling approximately 78,000 square meters[108]. - The company plans to establish a merger fund with a total scale of up to RMB 2.4 billion, focusing on equity investments in non-listed companies[104]. Shareholder and Equity Matters - The company has not distributed cash dividends or bonus shares for the half-year period, indicating a focus on retaining earnings for future investments[60]. - The company has not encountered any bankruptcy restructuring matters during the reporting period[69]. - The company has not reported any new capital contributions or reductions in capital during the current period[158]. - The total equity attributable to the parent company at the end of the period was CNY 1,560,904,000, a decrease of CNY 57,804,467.57 compared to the previous period[160]. - The retained earnings have shown a negative balance, indicating potential challenges in profit distribution and reinvestment strategies[154]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the "Enterprise Accounting Standards" and relevant regulations, ensuring a true and complete reflection of the company's financial status, operating results, and cash flows[172]. - The company adopts the Renminbi as its functional currency for accounting purposes[175]. - The company’s consolidated financial statements include all subsidiaries, with adjustments made for any inconsistencies in accounting policies or periods[178]. - The company assesses the impairment of financial assets at the balance sheet date, recognizing impairment losses when future cash flows are expected to be less than the carrying amount[189]. - The company has established criteria for classifying assets as held for sale, requiring that they be immediately saleable in their current condition[196].