| 证券代码：000789 | 证券简称：万年青 | 公告编号：2023-39 | | --- | --- | --- | | 债券代码：127017 | 债券简称：万青转债 | | | 债券代码：149876 | 债券简称：22 江泥 | 01 | 江西万年青水泥股份有限公司 第九届监事会第五次会议决议公告 会议应出席监事5名，实际出席监事5名，会议由监事会主席徐正华先生主 持。本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公 司章程》的规定。 二、监事会会议审议情况 经与会监事审议，形成如下决议： 1、审议通过了《公司 2023 年半年度报告全文及摘要》 经审核，监事会认为：董事会编制和审核《公司 2023 年半年度报告及其摘 要》的程序符合法律、行政法规、部门规章、规范性文件和《公司章程》的规定， 报告内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误 导性陈述或者重大遗漏。 具体内容详见公司同日登载于巨潮资讯网（www.cninfo.com.cn）的《公司 2023 年半年度报告》，以及公司同日在《中国证券报》《证券时报》和巨潮资讯 网（www.cninfo.com.c ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,953,814,351.04, a decrease of 28.60% compared to CNY 2,736,296,001.57 in the same period last year[5] - Net profit attributable to shareholders was CNY 92,042,558.20, down 55.97% from CNY 209,049,446.86 year-on-year[5] - Basic earnings per share decreased by 56.03% to CNY 0.1153 from CNY 0.2622 in the same period last year[5] - The total profit for the period was CNY 189,825,689.04, a decrease of 53.41% compared to CNY 407,454,170.36 in the previous year[9] - Net profit attributable to shareholders for Q1 2023 was CNY 162,681,148.37, a decline of 56.4% from CNY 373,230,000.00 in Q1 2022[14] - The net profit for Q1 2023 was CNY 142,131,487.32, a decrease of 52.5% compared to CNY 299,328,613.40 in Q1 2022[15] - Operating profit decreased to CNY 186,229,944.25 from CNY 408,718,238.47, reflecting a decline of 54.4%[15] - The total comprehensive income for the period was CNY 157,887,124.00, down from CNY 225,094,613.18 in Q1 2022[15] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 42,096,037.87, a decline of 6,255.75% compared to CNY 683,848.69 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -42,096,037.87, compared to a net inflow of CNY 683,848.69 in the same period last year[16] - Cash flow from investing activities resulted in a net outflow of CNY -224,266,355.23, compared to a net outflow of CNY -264,724,590.68 in Q1 2022[17] - Cash flow from financing activities had a net outflow of CNY -235,970,962.33, contrasting with a net inflow of CNY 73,747,302.38 in the previous year[17] - Total assets at the end of the reporting period were CNY 17,207,608,857.72, down 5.55% from CNY 18,218,860,252.05 at the end of the previous year[5] - The company's total current assets as of March 31, 2023, amounted to CNY 7,276,844,957.50, a decrease from CNY 8,075,446,137.26 at the beginning of the year[11] - Cash and cash equivalents were reported at CNY 3,992,891,601.94, down from CNY 4,461,817,351.00 at the start of the year[11] - The cash and cash equivalents at the end of the period were CNY 3,335,002,390.72, down from CNY 4,325,276,208.46 at the end of Q1 2022[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,067[10] - The largest shareholder, Jiangxi Cement Co., Ltd., holds 43.58% of the shares, totaling 347,480,004 shares[10] Costs and Expenses - Total operating costs for Q1 2023 were CNY 1,791,133,202.67, down 23.5% from CNY 2,338,065,720.48 year-over-year[14] - Research and development expenses for Q1 2023 were CNY 6,850,081.70, down from CNY 9,234,107.99 in Q1 2022, indicating a focus on cost management[14] Other Financial Metrics - The company's weighted average return on equity was 1.29%, a decrease of 1.50% compared to 2.79% in the previous year[5] - The total liabilities decreased to CNY 6,718,982,653.55 from CNY 7,760,618,673.14 year-over-year[13] - The total equity attributable to shareholders increased to CNY 7,052,176,537.76 from CNY 6,944,402,128.76 in the previous year[13] - The company reported a decrease in accounts payable to CNY 1,377,393,247.53 from CNY 1,512,119,452.53 year-over-year[12] - Accounts receivable increased to CNY 1,499,937,772.84 from CNY 1,400,585,555.29[11] - Inventory levels rose to CNY 793,056,339.98 compared to CNY 606,903,216.22 at the beginning of the year[11] - The company's fixed assets were reported at CNY 6,622,946,447.46, down from CNY 6,943,623,749.22[11] Government Support - The company received government subsidies that contributed to an increase in other income, which rose by 147.23% to CNY 5,744,672.93[9] Other Observations - The company reported a significant increase in prepayments, which rose by 94.59% to CNY 392,982,983.94 due to higher coal prepayments[9] - There were no significant new strategies or product developments mentioned in the report[11]

Financial Performance - In 2022, the company's operating revenue was approximately ¥11.28 billion, a decrease of 20.58% compared to ¥14.20 billion in 2021[20] - The net profit attributable to shareholders was approximately ¥388.13 million, down 75.64% from ¥1.59 billion in the previous year[20] - The net profit after deducting non-recurring gains and losses was approximately ¥356.65 million, a decline of 76.07% from ¥1.49 billion in 2021[20] - The cash flow from operating activities was approximately ¥845.32 million, a decrease of 54.88% compared to ¥1.87 billion in 2021[20] - The total revenue for 2022 was 11.282 billion yuan, down 20.58% compared to the previous year[32] - The net profit for 2022 was 584 million yuan, a significant decline of 74.69% year-on-year[32] - The company achieved a total profit of 801 million yuan in 2022[31] - The basic earnings per share were ¥0.4867, a decrease of 75.64% from ¥1.9981 in the previous year[20] - The diluted earnings per share were ¥0.4752, down 75.07% from ¥1.9058 in 2021[20] - The weighted average return on equity was 5.45%, a decrease of 17.75% from 23.20% in the previous year[20] Market and Industry Trends - The cement industry in China saw a production drop of 10.5% in 2022, reaching a ten-year low of 2.13 billion tons[32] - The average price of cement in the industry decreased, contributing to reduced profits and revenue[32] - The company faced significant challenges due to the real estate sector's downturn, with a 10% decline in real estate investment nationwide[32] - In 2022, the real estate development investment in Jiangxi Province decreased by 12.6% year-on-year, significantly impacting cement demand[45] - The government plans to allocate 3.8 trillion yuan in local government special bonds for infrastructure projects, an increase of 150 billion yuan compared to last year, which will support future cement market demand[89] - The real estate market is expected to gradually recover in 2023 due to continuous government policy support, which has released reasonable housing demand and alleviated liquidity issues for real estate companies[88] - The cement industry is expected to stabilize in 2023, presenting both opportunities and challenges for the company amid ongoing supply-demand imbalances and rising production costs[91] Production and Capacity - In 2022, Jiangxi Wannianqing Cement Co., Ltd. achieved a cement production capacity of 26 million tons per year, with a utilization rate exceeding 80%[36] - The company has 11 clinker production lines and 55 commercial concrete production lines across seven major cement production bases[41] - The company has a clinker production capacity of 13.75 million tons per year and a cement production capacity of 26 million tons per year[47] - The company's cement production volume was 2,124,780 tons in 2022, down 13.93% from 2,468,670 tons in 2021[54] - The clinker sales volume increased by 12.30% to 356,730 tons, while production decreased by 10.26% to 1,596,980 tons[54] Research and Development - The company invested 23.62 million yuan in R&D, resulting in 25 utility model patents and 2 invention patents[47] - The company is focusing on energy-saving technologies and digital transformation to enhance operational efficiency and market competitiveness[64] - R&D investment amounted to ¥338,263,806.25 in 2022, a decrease of 13.03% compared to ¥388,922,244.74 in 2021, with R&D expenditure accounting for 3.00% of operating revenue[65] - The company has allocated 100 million RMB for research and development of new technologies in cement production[118] - The company is focusing on research and development to innovate new products and technologies[200] Environmental Initiatives - The company is focusing on energy efficiency and carbon reduction in line with national policies aimed at promoting sustainable development in the cement industry[33] - The company's clinker comprehensive electricity consumption, cement grinding comprehensive electricity consumption, and clinker standard coal consumption all decreased compared to the previous year, meeting the national first-level energy consumption limit standards[36] - The company's photovoltaic power generation project has a capacity of 15.5 MW, generating a total of 772,000 kWh, equivalent to saving 248.6 tons of standard coal and reducing carbon emissions by 646.4 tons[36] - The company has installed environmental protection facilities, including dust removal systems and automatic monitoring systems, achieving a compliance rate of over 99.8% for various pollutants[163] - The company has added 6 provincial-level green factories during the reporting period, promoting green factory and green mine construction[163] - The company is committed to green and low-carbon transformation, focusing on energy conservation, emission reduction, and pollution prevention[177] - The company successfully maintained compliance with all emission standards across its facilities[159] Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with legal regulations and protecting shareholder rights[103] - The company’s controlling shareholder holds a 43.58% stake, with no interference in the company's decision-making processes[104] - The company held 8 board meetings during the reporting period, with all 33 proposals passed unanimously[105] - The supervisory board convened 7 meetings, ensuring compliance with relevant laws and regulations[106] - The management team is composed of qualified individuals, with no cross-employment with the controlling shareholder[108] - The company has implemented strict information disclosure policies to ensure transparency and fairness for all shareholders[106] Employee and Community Engagement - The total number of employees at the end of the reporting period is 6,200, with 1,215 in the parent company and 4,985 in major subsidiaries[134] - The company provided 600,000 yuan in hardship assistance and 1.82 million yuan in supplementary medical insurance reimbursements to employees[175] - The company provided 1.15 million yuan in aid and donated 520 tons of cement and 86 cubic meters of concrete for poverty alleviation and rural revitalization efforts[181] - The company conducted 152 safety and environmental training sessions, training a total of 3,336 participants in 2022[179] - The company is committed to corporate social responsibility, integrating it into its development strategy and operations[166] Financial Management - The company reported a total of 60 million yuan raised from bond issuance, with all funds utilized by the end of 2022[81] - The company issued ¥600 million in corporate bonds in 2022, contributing to the increase in financing cash inflow[66] - The company maintained a credit rating of AA+ with a stable outlook, ensuring timely repayment of all due loans and bond interest[173] - The company received bank credit totaling 2.642 billion yuan during the reporting period, ensuring financial stability and optimizing the financing structure[173] Strategic Outlook - The company aims to increase market share by optimizing marketing strategies and enhancing collaboration with large state-owned enterprises and strategic clients[92] - The company plans to enhance operational quality through benchmarking against world-class management practices, focusing on key performance indicators and quality management[93] - The company will accelerate project construction and transformation upgrades, emphasizing the importance of project development for future growth[94] - The company recognizes the need to prepare for uncertainties in the market while striving for the best possible outcomes in a challenging economic environment[91] - The company aims to enhance its reform and innovation efforts, focusing on key areas to stimulate development and optimize organizational structure[95]

证券代码：000789 证券简称：万年青 江西万年青水泥股份有限公司投资者关系活动记录表 编号：JN/OR-ZQB-TZZGX-2016-02 | --- | --- | --- | |------------------------|-------------------------------|-----------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | | 兴业证券股份有限公司：李安、黄诗涛，深圳市金田龙盛投 | | 人员姓名 | | 资管理有限公司：杨丙田，深证聚文鼎投资管理有限公司： | | | | 方烈，深圳市雁行谦投资文化传播有限公司：李梦阳等。 | | 时间 | 2016 年 11 月 04 日 | | | 地点 | | 江西南昌市高新技术开发区京东大道 399 号万年青科技园公 ...

证券代码：000789 证券简称：万年青 江西万年青水泥股份有限公司投资者关系活动记录表 编号：JN/OR-ZQB-TZZGX-2019-02 | --- | --- | --- | |-------------------|-----------------------------|---------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 太平资产有限公司：蔡欣 | | | 人员姓名 | 天风证券：李阳 | | | | 浙江善渊投资：蔡骏男 | 亚太财产保险有限公司：刘培、刘竞远、朱军宁 | | | 申万菱信基金：廖明兵 | | | 时间 | 2019 年 4 月 3 日 | 14:00-16:00 | | 地点 | | 江西南昌市高新技术开发区京东大道 399 号（万年青科技 | | | 园 ...

Financial Performance - The company's revenue for Q3 2022 was ¥2,542,739,058.22, a decrease of 30.99% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥74,984,455.26, down 75.16% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥57,025,324.65, a decrease of 81.43%[5]. - The basic earnings per share for the period was ¥0.0941, reflecting a decline of 75.15% compared to the previous year[5]. - Total operating revenue for the third quarter was CNY 8,386,488,701.98, a decrease of 13.0% from CNY 9,634,385,551.03 in the same period last year[21]. - Net profit for the period was CNY 782,886,594.26, a decline of 50.8% compared to CNY 1,589,294,400.67 in the previous year[22]. - Earnings per share decreased to CNY 0.7111 from CNY 1.4163, reflecting a significant drop in profitability[23]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥17,672,992,761.43, representing a 1.40% increase from the end of the previous year[5]. - The company's total assets as of September 30, 2022, amount to approximately CNY 17.67 billion, an increase from CNY 17.43 billion at the beginning of the year[18]. - The total liabilities increased to CNY 7,017,883,609.41, up from CNY 6,529,581,743.22 year-on-year[22]. - Non-current liabilities rose to CNY 2,528,121,205.95, compared to CNY 1,985,843,085.17 in the previous year, indicating increased long-term financial obligations[22]. - The company's total equity attributable to shareholders decreased by 4.03% to ¥7,127,126,844.72 compared to the end of the previous year[5]. - The company's total equity decreased to CNY 10,655,109,152.02 from CNY 10,900,144,608.43, reflecting a reduction in shareholder value[22]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥100,179,640.78, a decline of 117.24% compared to the previous year[5]. - Operating cash flow for the period was negative at -100,179,640.78 CNY, a significant decline from the previous period's positive cash flow of 581,214,572.89 CNY, indicating a decrease of approximately 117.2% year-over-year[24]. - Total cash inflow from operating activities was 8,560,819,621.56 CNY, down 19.4% from 10,605,303,241.61 CNY in the previous period[24]. - Cash outflow from operating activities totaled 8,660,999,262.34 CNY, a decrease of 13.6% compared to 10,024,088,668.72 CNY in the prior period[24]. - The net increase in cash and cash equivalents was -1,385,006,453.41 CNY, compared to -302,145,243.22 CNY in the previous period, indicating a significant cash drain[25]. - The ending balance of cash and cash equivalents was 3,130,563,194.66 CNY, down from 3,522,672,302.52 CNY in the prior period[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 60,735[12]. - The largest shareholder, Jiangxi Cement Co., Ltd., holds 43.48% of the shares, totaling 346,677,256 shares[12]. - As of October 19, 2022, Jiangxi Cement Co., Ltd. has increased its shareholding by 7,926,683 shares, representing 1% of the total share capital[15]. Investment and Expenses - Research and development expenses decreased by 43.61% year-on-year to ¥39,925,890.38, indicating a reduction in R&D investment[9]. - The company reported an investment income of CNY 177,556,086.08, down from CNY 260,639,487.50 year-on-year, indicating a decline in returns from investments[22]. - The company reported a total cash inflow from investment activities of 222,529,829.50 CNY, down 49.1% from 436,886,267.18 CNY in the previous period[25]. - The company received 27,550,000.00 CNY from investment activities, a slight increase from 23,638,441.10 CNY in the previous period[25]. Other Financial Metrics - The company reported a 150.24% increase in non-operating income, totaling ¥30,107,631.56, mainly due to increased government subsidies received[10]. - The company issued ¥600 million in corporate bonds, contributing to a 69.65% increase in bonds payable to ¥1,516,517,312.76[9]. - Other comprehensive income after tax showed a loss of CNY 228,029,267.01, contrasting with a gain of CNY 26,200,995.60 in the previous year[22]. - The company's financial expenses decreased to CNY 13,894,248.98 from CNY 15,646,194.33, suggesting improved cost management in financing[22].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,843,749,643.76, a decrease of 1.79% compared to ¥5,950,018,001.40 in the same period last year[20]. - The net profit attributable to shareholders was ¥492,025,098.71, down 40.53% from ¥827,391,974.33 year-on-year[20]. - Basic earnings per share decreased to ¥0.6170, down 40.54% from ¥1.0376 in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was ¥472,225,259.16, a decrease of 36.75% from ¥746,576,981.50 year-on-year[20]. - The company's total revenue for the reporting period was ¥5,843,749,643.76, a decrease of 1.79% compared to ¥5,950,018,001.40 in the same period last year[36]. - The net profit for the first half of 2022 was CNY 682,110,684.84, down 40% from CNY 1,134,453,425.60 in the first half of 2021[154]. - The company's gross profit margin decreased to approximately 12.7% in the first half of 2022, compared to 17.5% in the same period of 2021[154]. - The total comprehensive income for the first half of 2022 was CNY 275,644,182.03, compared to CNY 636,736,630.16 in the same period of 2021, reflecting a decline of 56.7%[159]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥82,091,303.41, a decline of 134.06% compared to ¥240,987,426.06 in the previous year[20]. - The company reported a net cash increase of -¥637,051,914.83, which is a 36.08% decrease from -¥468,147,295.77 year-on-year[36]. - The cash flow from financing activities improved by 71.69%, resulting in a net cash outflow of -¥72,177,877.99 compared to -¥254,991,895.18 in the previous year[36]. - The company's cash and cash equivalents decreased to CNY 4,143,040,039.06 from CNY 4,585,947,810.24, a decline of about 9.66%[145][146]. - The net cash flow for the period was -327,599,907.99 CNY, a decline from -6,600,803.04 CNY in the previous period, indicating worsening cash position[163]. Assets and Liabilities - Total assets increased by 2.65% to ¥17,891,055,475.80 from ¥17,429,726,351.65 at the end of the previous year[20]. - The total liabilities increased to CNY 7,063,370,113.80 from CNY 6,529,581,743.22, representing a rise of approximately 8.16%[147]. - The company's total current assets reached CNY 7,591,967,999.48, up from CNY 7,184,126,762.94, indicating an increase of about 5.66%[145][146]. - The total equity attributable to shareholders decreased to CNY 7,173,332,323.52 from CNY 7,426,122,281.09, a decline of about 3.41%[147]. Market Position and Strategy - The company has a strong market position, ranking ninth among listed cement companies in China based on comprehensive strength in 2021[29]. - The company is actively researching potential risks related to the macroeconomic environment and is prepared to adapt its strategies accordingly[59]. - The company plans to optimize supply chain management and increase the proportion of direct procurement to mitigate rising raw material and transportation costs[59]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the industry[104]. Environmental and Social Responsibility - The company is committed to green manufacturing practices, increasing the number of national and provincial-level green factories and mines[34]. - The company has obtained pollution discharge permits for its key plants, valid until 2025[72]. - The company emphasizes the importance of ecological environment protection and aims to achieve carbon peak and carbon neutrality goals[60]. - The company provided financial assistance of CNY 410,600 and distributed relief funds of CNY 26,600 to support rural revitalization efforts[77]. Research and Development - Research and development expenses were CNY 24,747,144.08, a decrease of 28.6% from CNY 34,621,036.39 in the first half of 2021[154]. - The company is investing in new product development, with a budget allocation of 500 million for innovative cement solutions[104]. - The company has initiated a new strategic partnership aimed at enhancing its supply chain efficiency and reducing costs[169]. Shareholder Information - The controlling shareholder, Jiangxi Cement Co., Ltd., plans to increase its stake in the company by no less than CNY 50 million and no more than CNY 100 million within six months starting from June 6, 2022[108]. - The total number of shares increased to 797,402,500 due to the conversion of convertible bonds, with an addition of 152 shares during the reporting period[113]. - The company has a total of 4,150,000 shares held by Hu Qianqian, representing 0.52% of the total shares[120]. Future Outlook - Future guidance estimates a revenue growth of 5-10% for the second half of 2022, driven by increased demand in the construction sector[169]. - The company plans to expand its production capacity by 10% in the next fiscal year to meet increasing market demand[169]. - The company has set a performance guidance for the next half of the year, targeting a revenue growth of 10%[173].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,736,296,001.57, representing a 0.96% increase compared to ¥2,710,232,212.61 in the same period last year[3] - Net profit attributable to shareholders decreased by 35.64% to ¥209,049,446.86 from ¥324,804,854.57 year-on-year[3] - Operating profit decreased to $408,718,238.47 from $590,502,635.35, a decline of approximately 30.8%[20] - Net profit for the current period is $299,328,613.40, down from $443,272,929.26, indicating a decrease of around 32.5%[20] - Basic earnings per share decreased to $0.2622 from $0.4073, a decline of approximately 35.5%[21] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥683,848.69, compared to a negative cash flow of ¥123,532,325.77 in the previous year, marking a 100.55% increase[3] - Cash flow from operating activities increased to $3,071,513,329.56 from $2,942,252,803.72, showing an increase of about 4.4%[24] - Cash flow from investing activities resulted in a net outflow of $264,724,590.68, compared to a net outflow of $390,883,292.15 in the previous period, indicating an improvement[24] - Cash flow from financing activities generated a net inflow of $73,747,302.38, down from $92,784,932.68, reflecting a decrease of approximately 20.5%[25] - The ending cash and cash equivalents balance is $4,325,276,208.46, compared to $3,403,186,860.50 in the previous period, an increase of about 27.1%[25] Assets and Liabilities - Total assets increased by 2.93% to ¥17,940,840,862.06 from ¥17,429,726,351.65 at the end of the previous year[3] - The company's total liabilities as of March 31, 2022, were CNY 6,762,909,680.45, compared to CNY 6,529,581,743.22 at the start of the year, reflecting an increase of approximately 3.56%[17] - The total equity attributable to shareholders of the parent company reached CNY 7,560,245,576.44, up from CNY 7,426,122,281.09, indicating a growth of about 1.80%[17] - Cash and cash equivalents decreased to CNY 4,403,092,072.20 from CNY 4,585,947,810.24, representing a decline of approximately 3.98%[15] - The company's non-current assets totaled CNY 10,346,796,999.07, slightly up from CNY 10,245,599,588.71, indicating a growth of about 0.99%[16] Receivables and Payables - Accounts receivable increased by 40.30% to ¥1,330,481,933.69, primarily due to an increase in receivables from the commercial concrete segment[7] - Prepayments surged by 209.83% to ¥636,702,551.51, mainly due to increased advance payments for materials[7] - Contract liabilities rose by 187.23% to ¥511,434,276.34, indicating a significant increase in advance payments received[7] - Accounts receivable increased significantly to CNY 1,330,481,933.69 from CNY 948,286,946.99, marking an increase of about 40.29%[15] Expenses - The company's sales expenses increased by 67.94% to ¥31,155,458.22, attributed to higher sales service fees[7] - Financial expenses skyrocketed by 1304.33% to ¥4,360,435.91, primarily due to increased interest expenses[7] Other Activities - The company issued bonds worth CNY 600 million on April 15, 2022, with a maturity of 5 years, indicating ongoing financing activities[12] - The company completed the stock option incentive plan on April 18, 2022, which was approved by the shareholders on February 24, 2022, reflecting a commitment to employee incentives[12] Comprehensive Income - Other comprehensive income after tax for the current period is -$74,234,000.22, with a significant impact on total comprehensive income[21]

Financial Performance - The company's operating revenue for 2021 was ¥14,204,588,961.43, representing a 13.37% increase compared to ¥12,529,016,827.43 in 2020[19] - The net profit attributable to shareholders for 2021 was ¥1,593,281,087.79, an increase of 7.61% from ¥1,480,576,618.68 in 2020[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,490,486,930.94, up 7.18% from ¥1,390,668,020.52 in 2020[19] - Basic earnings per share for 2021 were ¥1.9981, reflecting a 7.61% increase from ¥1.8568 in 2020[19] - Diluted earnings per share rose by 7.80% to ¥1.9058 from ¥1.7679 in 2020[19] - The total profit reached ¥3.04 billion, marking a 6.09% increase compared to the previous year[32] - Cement sales accounted for 58.87% of total revenue, amounting to approximately ¥8.36 billion, with a year-on-year growth of 12.28%[55] - The company reported a net profit attributable to shareholders of ¥1.59 billion for the year, with quarterly profits showing fluctuations across the four quarters[23] Cash Flow and Investments - The net cash flow from operating activities decreased by 16.25% to ¥1,873,369,307.77 from ¥2,236,838,421.41 in 2020[19] - The company's total operating cash inflow was ¥15,808,817,557.24, an increase of 8.26% from ¥14,603,309,327.56 in 2020[74] - The net cash flow from investing activities increased by 30.19% year-on-year, mainly due to a decrease in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets[75] - The net cash flow from financing activities decreased by 240.48% year-on-year, largely due to the funds raised from convertible bonds in 2020[76] - The company plans to invest over 1 trillion yuan annually from 2021 to 2023 in major infrastructure projects, which is expected to boost cement demand[38] Production and Capacity - The clinker production was 17.80 million tons, up 6.25% year-on-year, while cement production increased by 2.45% to 24.69 million tons[32] - The company's cement production capacity is 26 million tons per year, with a utilization rate exceeding 90%[41] - The company operates seven cement production bases with a total capacity of 2,600 million tons/year for cement, 1,486 million tons/year for clinker, and 1,975 million cubic meters/year for ready-mixed concrete[44] - The company produced 2,450.99 million tons of cement in 2021, a 2.08% increase from 2,401.01 million tons in 2020[60] Market and Sales - The company sold 6.26 million cubic meters of commercial concrete, reflecting a growth of 10.32% year-on-year[32] - The company is actively expanding its market presence in surrounding provinces, with significant sales in Jiangxi, Fujian, Zhejiang, and Guangdong[37] - The company has established nearly 4,000 marketing outlets, which strengthens its sales channels and customer resources[51] - The company aims to enhance its market share by innovating marketing strategies and improving brand competitiveness, focusing on a "big marketing" framework[103] Environmental and Social Responsibility - The company is committed to achieving carbon neutrality and peak carbon emissions, implementing energy consumption dual control measures to enhance energy efficiency[105] - The company has installed pollution control facilities, including dust removal and flue gas denitrification systems, achieving a pollution control facility operational rate of over 99.8%[168] - The company has processed over 6.5 million tons of industrial waste since 2018, including water slag, fly ash, and other materials[178] - The company donated 3.17 million yuan and 320 tons of cement to support poverty alleviation and rural revitalization efforts in 2021[181] Governance and Compliance - The company has a robust governance structure that complies with legal and regulatory requirements without significant discrepancies[117] - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[114] - The company has established a complete and independent financial accounting system in accordance with the Enterprise Accounting Standards[119] - The company has implemented various information disclosure management systems to ensure timely and accurate information dissemination[116] Risks and Challenges - The company faces risks related to national economic policies, industry developments, regional market conditions, and raw material price fluctuations[5] - The company acknowledges risks from macroeconomic fluctuations, including slow global economic recovery and high commodity prices, which may impact cement sales[107] - The company has not reported any significant risks that would materially affect its operations during the reporting period[5] Research and Development - The company invested ¥388,922,244.74 in R&D, representing a 7.53% increase from ¥361,672,100.00 in 2020[72] - The number of R&D personnel increased by 4.28% to 561 in 2021, compared to 538 in 2020[72] - The company is investing in research and development to innovate new cement products that meet environmental standards[127] Employee and Management - The total number of employees at the end of the reporting period was 6,313, with 4,563 in production, 221 in sales, 837 in technical roles, 191 in finance, and 501 in administration[147] - The total compensation for senior management in 2021 amounted to 680.37 million RMB, with the highest individual compensation being 106.23 million RMB for the general manager[135] - The company maintains a performance-based compensation system, with salaries consisting of base pay, performance pay, and various bonuses[148] Future Outlook - The company aims to improve operational efficiency and reduce costs in the upcoming fiscal year[127] - The management remains optimistic about the construction sector's recovery, which is expected to drive demand for cement products[127] - The company plans to optimize supply chain management and increase direct procurement to mitigate rising raw material and transportation costs[108]

Financial Performance - The company's revenue for Q3 2021 was CNY 3,684,367,549.63, representing a 5.07% increase year-over-year[3] - Net profit attributable to shareholders decreased by 12.25% to CNY 301,927,407.69 for the same period[3] - The basic earnings per share (EPS) was CNY 0.3787, down 12.24% compared to the previous year[3] - Total operating revenue for the third quarter reached ¥9,634,385,551.03, an increase of 9.0% compared to ¥8,839,779,202.05 in the same period last year[18] - Net profit for the period was ¥1,589,294,400.67, reflecting a growth of 3.4% from ¥1,542,976,576.79 in the previous year[19] - The company's comprehensive income totaled ¥1,615,495,396.27, compared to ¥1,556,727,514.25 in the previous year, reflecting an increase of 3.8%[19] Assets and Liabilities - Total assets increased by 9.94% to CNY 16,643,462,616.19 compared to the end of the previous year[3] - The company's total assets increased to ¥16,643,462,616.19, compared to ¥15,139,094,946.07 at the end of the previous year, marking a growth of 9.9%[17] - Total liabilities rose to ¥6,443,326,340.29, up from ¥5,792,329,649.81, representing an increase of 11.3%[17] Cash Flow - The cash flow from operating activities showed a decline of 33.86%, totaling CNY 581,214,572.89[3] - Net cash flow from operating activities was ¥581,214,572.89, down from ¥878,729,049.48, indicating a decrease of approximately 33.9%[21] - Cash inflow from operating activities totaled ¥10,605,303,241.61, compared to ¥9,633,905,711.48 in the previous period, marking an increase of about 10.1%[21] - Cash outflow from operating activities increased to ¥10,024,088,668.72 from ¥8,755,176,662.00, which is an increase of approximately 14.5%[21] - The net cash flow from financing activities was -¥160,510,786.12, compared to a positive cash flow of ¥355,904,856.61 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,764[9] - Jiangxi Cement Co., Ltd. holds 42.58% of shares, totaling 339,553,321 shares[9] - The top ten shareholders include various institutional and individual investors, with no significant changes in their holdings reported[10] Research and Development - The company reported a significant increase in research and development expenses, rising by 170.10% to CNY 70,805,832.23[7] - Research and development expenses were ¥70,805,832.23, significantly higher than ¥26,214,425.97 in the previous year, reflecting a growth of 169.5%[18] Investment and Equity - The investment income surged by 737.23% to CNY 260,639,487.50, primarily due to increased dividends from partnerships[7] - The company has entered into an agreement to transfer 1.27115% equity in Southern Cement, with a transfer price of ¥620,385,456.93 based on asset evaluation[11] - The total equity value of Southern Cement was assessed at ¥4,880,498.55 million[12] - The adjusted share price for the equity transfer is set at ¥12.90 per share after a dividend distribution[13] - The number of shares to be issued for the equity transfer is 48,091,895 shares, pending regulatory approval[13] - The total equity attributable to shareholders of the parent company reached ¥6,980,997,663.53, up from ¥6,392,271,491.61, indicating a growth of 9.2%[17] Inventory and Costs - The company's inventory increased by 82.28% to CNY 990,924,438.82, attributed to higher stock levels of coal, clinker, and cement[7] - Total operating costs amounted to ¥7,796,871,831.42, up 12.5% from ¥6,930,087,901.68 year-on-year[18] Non-Operating Income - The company experienced a 56.04% decrease in non-operating income, amounting to CNY 12,031,429.42, mainly due to reduced government subsidies[8]