Financial Performance - The company reported a cash dividend of 0.00 RMB per 10 shares, with no bonus shares distributed, based on a total of 2,786,090,601 shares[5]. - The company’s financial report has been confirmed as true, accurate, and complete by its management team[4]. - The company’s registered address is located at 28 Huanghe Road, Golmud City, Qinghai Province[14]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 000792[14]. - The company’s PVC production was 99,400 tons, while the total production of urea was 250,300 tons during the reporting period[42]. - The company reported a government subsidy of ¥161.11 million in 2018, down from ¥185.93 million in 2017[26]. - The company reported a loss of 769 million yuan due to low operating loads and high fixed costs in its chemical segment, primarily caused by reduced natural gas supply[42]. - The company reported a net profit attributable to shareholders was a loss of ¥3.45 billion, an improvement of 17.13% from a loss of ¥4.16 billion in 2017[19]. - The company achieved an operating revenue of approximately 17.8 billion yuan, an increase of 52.91% year-on-year[82]. - Total revenue for 2018 reached ¥17,889,735,745.27, a 52.91% increase from ¥11,699,406,120.07 in 2017[88]. - The gross profit margin for the manufacturing sector was 33.77%, down 6.54% from the previous year[91]. - The company reported a significant increase in the sales of PVC, which rose by 147.44% to ¥1,589,962,331.60[91]. - The company reported a total of 183,198,000 CNY in related transactions, with 125,140,000 CNY from sales of potassium chloride to its second-largest shareholder's subsidiary[168]. - The company’s distributable profit for 2018 was -3,446,612,677.15 CNY, indicating a loss for the year[152]. Business Operations - The company has maintained its main business operations without changes since its listing[17]. - The company is focused on a strategic plan termed "15-character strategy" which includes key areas such as magnesium, lithium, and potassium development[10]. - The company aims to achieve a potential benefit of 600 million RMB in each of its six major sectors over a period of 2-3 years under the "6636" life project[10]. - The company has not reported any changes in its controlling shareholders since its establishment[17]. - The company has appointed Ruihua Certified Public Accountants as its auditing firm for the reporting period[18]. - The company is actively pursuing international expansion, including the first export of magnesium and magnesium alloys, and the launch of an international rail-sea intermodal service[82]. - The company is integrating its potassium business with international markets as part of the "Belt and Road" initiative[83]. - The company has implemented a "6636" fine management project to enhance efficiency across its five major segments[84]. - The company is focusing on increasing production and improving quality in its potassium and lithium sectors while reducing costs[131]. - The company is prioritizing the development of its ecological magnesium-lithium-potassium park as part of its strategic goals[130]. Production and Sales - The company produced 483.38 million tons of potassium chloride in 2018, an increase of 36.29 million tons year-on-year[31]. - The sales volume of potassium chloride was 468.8 million tons, an increase of 13.47 million tons compared to the previous year[31]. - The average price of potassium fertilizer increased by ¥308 per ton compared to the same period last year[31]. - The potassium fertilizer production amounted to approximately 4.83 million tons, an increase of 36,290 tons year-on-year[82]. - The magnesium segment reached a maximum daily production of 112.4 tons, while the lithium segment produced 11,000 tons of lithium carbonate, a year-on-year increase of 37.56%[82]. - The company’s caustic soda production capacity accounts for over 40% of the global market, with demand driven by various industries including aluminum and chemicals[52]. - The company’s major suppliers accounted for 28.00% of total procurement, with the largest supplier contributing 9.06%[96]. Research and Development - The company applied for 140 patents, including 72 invention patents, and received 35 authorized patents[78]. - The company has made significant progress in R&D, with several innovative technologies developed in lithium extraction and magnesium alloy applications[85]. - The company participated in several national key R&D projects, focusing on lithium extraction and resource utilization technologies[99]. - The company’s R&D investment accounted for 1.13% of total revenue, up from 0.19% in the previous year[101]. - The number of R&D personnel rose by 58.94% to 2,710, accounting for 15.92% of the total workforce[100]. - R&D expenses surged by 1441.85% to ¥202,843,339.51 as the company increased its investment in research and development[98]. Environmental and Social Responsibility - The company has established five major environmental governance facilities to ensure compliance with ecological safety and environmental management[76]. - The company is committed to enhancing safety and environmental management in response to stricter national regulations[129]. - The company has implemented a targeted poverty alleviation program, focusing on specific needs of impoverished households and ensuring dynamic management of assistance efforts[190]. - The average disposable income of impoverished households in Geermu region has reached the poverty alleviation standard as of 2018[192]. - The company invested CNY 2.37 million in poverty alleviation efforts, helping 625 registered impoverished individuals to escape poverty[193]. - The company has received recognition as an advanced unit in poverty alleviation from the Qinghai Provincial Government[193]. - The company operates 8 wastewater treatment systems to manage inorganic, organic, and mercury-containing wastewater, achieving a treatment efficiency of over 99%[198]. - The company has implemented a dry desulfurization technology with a desulfurization efficiency of 90% to control SO2 emissions[197]. Financial Management and Governance - The company has committed to maintaining independent operations and financial decisions without interference from its controlling shareholder[156]. - The company has established a complete and independent organizational structure to ensure governance and operational independence[156]. - The governance structure will be optimized to improve operational efficiency and resource allocation, avoiding overlapping responsibilities[141]. - The company is committed to enhancing team building and employee income while maintaining a strong focus on ecological development in the salt lake project[136]. - The establishment of a robust risk management system is crucial for timely identification and mitigation of various risks[136]. - The company has not engaged in any share buybacks or other forms of cash dividends in the reporting period[151]. - The company has not faced any situations that could lead to suspension or termination of listing after the annual report disclosure[164]. Challenges and Future Outlook - The company faces a high debt-to-asset ratio of over 40%, which increases repayment pressure and financing risks[129]. - The company aims to achieve profitability in 2019 by implementing debt-to-equity swaps to reduce financial costs and optimizing asset structure[131]. - The company is addressing talent development and management challenges as it diversifies into multiple industries[133]. - The company is implementing a "three optimization and three improvement" strategy to enhance operational efficiency and reduce costs[134]. - The company is focusing on the integration of magnesium production, with updates on project progress discussed in multiple communications[145]. - The company is expected to release its 2018 performance forecast, with no specific dates provided during the discussions[145].

青海盐湖工业股份有限公司 2018 年第三季度报告正文 证券代码：000792 证券简称：盐湖股份 公告编号：2018-059 青海盐湖工业股份有限公司 2018 年第三季度报告正文 1 青海盐湖工业股份有限公司 2018 年第三季度报告正文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王兴富、主管会计工作负责人吴文好及会计机构负责人(会计主 管人员)唐德新声明：保证季度报告中财务报表的真实、准确、完整。 2 青海盐湖工业股份有限公司 2018 年第三季度报告正文 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） | 78,408,234,337.48 | 82,418,529,724.80 | | -4.87% | | ...

证券代码：000792 证券简称：盐湖股份 公告编号：2018-055 青海盐湖工业股份有限公司 2018 年度前三季度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1.业绩预告期间：2018 年 1 月 1 日至 2018 年 9 月 30 日 2.预计的业绩：亏损 | | | | | | | 本报告期 | | | | | 上年同期 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 项 | 目 | 2018 年 | 1 | 月 | 1 | 日-2018 | 年 | 9 月 | 30 | 日 | 2017 年 1 | 1 | 月 | 日-2017 | | 年 9 | 月 | | | | | | | | | | | | | 日 30 | | | | | | | | 归属于上市公司 | | 亏损：125,000.00 | | | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥7.84 billion, representing a 54.71% increase compared to ¥5.07 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥1.18 billion, which is a 125.75% increase in loss compared to a loss of ¥522.50 million in the previous year[18]. - The net cash flow from operating activities was approximately ¥2.57 billion, showing a significant increase of 541.30% compared to ¥401.21 million in the same period last year[18]. - The total assets at the end of the reporting period were approximately ¥79.38 billion, a decrease of 3.69% from ¥82.42 billion at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were approximately ¥18.96 billion, down 6.31% from ¥20.24 billion at the end of the previous year[18]. - The basic earnings per share for the reporting period was -¥0.4232, which is a 125.81% increase in loss compared to -¥0.1875 in the same period last year[18]. - The diluted earnings per share for the reporting period was also -¥0.4232, reflecting the same percentage increase in loss as the basic earnings per share[18]. - The weighted average return on net assets was -6.02%, a decrease of 3.86% compared to -2.16% in the previous year[18]. - The gross profit margin for the manufacturing sector was 31.48%, a decrease of 3.64% year-on-year[48]. - The company reported a significant increase in financial expenses, which reached CNY 996,706,141.58, up from CNY 659,827,151.58, marking an increase of approximately 51.1%[180]. Strategic Focus and Operations - The company has outlined a strategic focus on six major sectors, aiming for a potential yield of ¥600 million over the next 2-3 years through lean management practices[11]. - The main business includes the development, production, and sales of potassium chloride, with an annual designed production capacity of 5 million tons[26]. - The company is the largest potassium fertilizer producer in China, focusing on magnesium, lithium, and potassium industries as part of its strategic layout[34]. - The company has invested in multiple projects for comprehensive utilization of salt lake resources, including a 10,000-ton ADC foaming agent project and a 10,000-ton high-quality lithium carbonate project[26]. - The company is focusing on improving the efficiency of salt lake resource utilization as part of a national strategic goal[34]. - The company aims to stabilize domestic potassium fertilizer production at 5 million tons and is pursuing an overseas potassium resource development strategy[37]. - The magnesium segment has established an integrated project with an annual production capacity of 100,000 tons of metallic magnesium, focusing on energy efficiency and environmental sustainability[39]. - The company is expanding its lithium production capacity with a new project aiming for an annual output of 30,000 tons of battery-grade lithium carbonate, alongside an expansion of 20,000 tons at an existing facility[42]. Challenges and Risks - The company faced losses primarily due to rising raw material prices and operational issues in its integrated magnesium project[33]. - The company faces market risks due to rising production costs and intense competition in the chemical products market, prompting measures to enhance competitiveness and explore new profit growth points[67]. - The company is addressing debt repayment risks by implementing supply-side structural reforms and improving financial management to lower leverage[69]. - Safety and environmental risks are heightened due to the transition to high-risk industries, with measures in place to strengthen safety management and compliance with environmental regulations[70]. - The company may face delisting risk if it reports consecutive years of negative net profit, as seen in 2017[73]. Environmental Compliance - The company reported a total SO2 emission of 190.1 tons, significantly below the approved limit of 2374.8 tons, indicating compliance with environmental standards[107]. - The nitrogen oxides (NOx) emissions from the chemical division were recorded at 288.3 tons, also well within the regulatory limit of 2374.8 tons[107]. - The company has established a dual-chamber four-electrode electrostatic precipitator with a designed dust removal efficiency of over 99.7%[108]. - The wastewater treatment systems include two sets each for inorganic, organic, and mercury-containing wastewater, ensuring compliance with environmental regulations[109]. - The desulfurization and denitrification project at the magnesium division achieved a desulfurization efficiency of over 98% and a denitrification efficiency of 50-60%[110]. - The cement division operates 52 bag filters and has a natural gas boiler system to control emissions effectively[111]. - The company has received environmental impact assessment approvals from the Qinghai Provincial Environmental Protection Department for multiple projects, ensuring regulatory compliance[113]. Social Responsibility and Community Engagement - The company is committed to poverty alleviation efforts, focusing on reducing poverty and preventing the return of poverty in specific villages[120]. - The company allocated a total of CNY 54.54 million for poverty alleviation efforts, with an additional CNY 31.03 million in material support[124]. - A total of 241 registered impoverished individuals were lifted out of poverty through the company's initiatives[124]. - The company provided vocational training for 52 individuals, with an investment of CNY 10 million in skills training[125]. - The company invested CNY 12 million in healthcare resources for impoverished areas[125]. - The company received the "2017 Advanced Unit in Poverty Alleviation" award from the Qinghai Provincial Government[125]. Shareholder and Equity Information - The total number of shares after the recent changes is 2,786,090,601, with no change in the total number of shares[135]. - The largest shareholder, Qinghai Provincial State-owned Assets Investment Management Co., holds 27.03% of the shares, totaling 753,068,895 shares[139]. - China National Chemical Corporation is the second-largest shareholder with 20.52%, holding 571,578,484 shares[139]. - The total number of common shareholders at the end of the reporting period is 95,851[139]. - There were no changes in the controlling shareholder or actual controller during the reporting period[142]. - The company did not issue any preferred shares during the reporting period[145]. - The company did not engage in any repurchase transactions during the reporting period[141]. Debt and Financing - The company issued bonds totaling 5 billion yuan on March 6, 2013, with a fixed interest rate of 4.99% for the first five years, which will increase to 5.70% for the last two years[151]. - The bond buyback resulted in 23,259,425 bonds being repurchased, amounting to 2,325,942,500 yuan (excluding interest), leaving a remaining custody of 26,740,575 bonds[152]. - The company successfully paid interest for the period from March 6, 2017, to March 3, 2018, with no delays in payment reported[156]. - The company's credit rating remains at AAA for both the issuer and the bonds, as confirmed by Zhongcheng Credit Rating Co., Ltd.[154]. - The company utilized 1.804 billion yuan of the bond proceeds to repay bank loans, with the remaining funds allocated to supplement working capital[153]. - The total amount of external guarantees approved during the reporting period is CNY 15,000,000, with no actual guarantees occurring[104]. - The total amount of guarantees at the end of the reporting period is CNY 659,650,000, with an actual guarantee balance of CNY 373,405,540[104]. Cash Flow and Liquidity - Cash and cash equivalents decreased to approximately 4.575 billion RMB from 6.256 billion RMB, a reduction of about 26.83%[170]. - The ending balance of cash and cash equivalents was CNY 4,232,520,009.45, compared to CNY 3,837,583,428.86 at the beginning of the period, showing a net decrease[191]. - The net cash flow from operating activities was CNY 2,992,600,723.86, a significant increase from CNY 486,335,318.81 in the previous period, reflecting improved operational efficiency[191]. - Cash outflow for purchasing goods and services decreased to CNY 720,028,856.82 from CNY 2,117,885,221.58, indicating cost control measures[190]. - The total cash inflow from investment activities was CNY 17,009,869.22, a decrease from CNY 19,498,897.90, indicating reduced investment returns[191].

证券代码：000792 证券简称：盐湖股份 公告编号：2018-045 青海盐湖工业股份有限公司 2018 年半年度业绩预告的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1.业绩预告期间：2018 年 1 月 1 日至 2018 年 6 月 30 日 2.预计的经营业绩：亏损 | 项 目 | 本报告期(2018 年 | | | 1 | 月 1 | 日至 | 2018 | 上年同期(2017 | 年 | 1 | 月 1 | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 年 月 6 | 30 | 日) | | | | | 至 年 月 2017 6 | 30 | 日) | | | | 归属于上市公司 | 亏损：125,000.00 | | | | 万元至-- | | | 亏损：52,250.26 | | 万元 | | | | 股东的净利润 | 105,000.00 | | 万元 | | | | | | | ...

Financial Performance - The company's operating revenue for Q1 2018 was ¥2,700,922,509.09, representing a 27.71% increase compared to ¥2,114,894,032.29 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥273,508,876.70, which is a 3.35% increase in loss compared to a loss of ¥264,650,123.01 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.0982, an improvement of 31.09% compared to -¥0.1425 in the same period last year[8]. - The company reported a significant increase in minority shareholders' profit by 518.34% to ¥39,994,061.63 due to profit growth from the subsidiary[18]. - The company reported a significant loss in 2017, which has raised concerns about its financial performance going forward[31]. - The company is unable to predict its operating performance for the first half of 2018, advising stakeholders to pay attention to the upcoming semi-annual performance forecast[28]. - The company reported a net loss for Q1 2018 of CNY 233,514,815.07, compared to a net loss of CNY 274,210,262.72 in Q1 2017, representing a 14.8% improvement[46]. - Total profit for Q1 2018 was CNY 79,235,304.31, compared to a total loss of CNY -51,354,471.06 in Q1 2017, marking a positive shift in financial performance[50]. - The company reported a basic earnings per share of CNY 0.0337, recovering from a loss per share of CNY -0.036 in the same quarter last year[51]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥1,615,222,606.06, compared to a negative cash flow of ¥473,686,251.32 in the same period last year, marking a 440.99% change[8]. - Cash and cash equivalents decreased by 30.25% to ¥4,363,534,373.41 due to repayment of bank loans and company bonds[17]. - Cash received from borrowings decreased by 78.02% to ¥951,000,000.00 due to reduced bank borrowing[20]. - Cash paid for debt repayment increased by 103.57% to ¥3,989,942,500.00 due to the repayment of part of the company bonds[20]. - Cash flow from operating activities generated a net amount of CNY 1,615,222,606.06, a substantial improvement from a negative cash flow of CNY -473,686,251.32 in the previous year[54]. - Cash flow from financing activities resulted in a net outflow of CNY -3,282,872,830.43, compared to a net inflow of CNY 1,589,630,655.77 in the previous year, indicating increased financial strain[55]. - The company reported a decrease in cash and cash equivalents by 1,704,035,763.39 CNY during the quarter[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥80,089,397,679.32, a decrease of 2.83% from ¥82,418,529,724.80 at the end of the previous year[8]. - The total liabilities decreased from CNY 60,182,332,104.37 to CNY 58,083,115,166.00, a reduction of about 3.5%[39]. - The company's total equity at the end of the reporting period was CNY 22,006,282,513.32, slightly down from CNY 22,236,197,620.43, reflecting a decrease of about 1.0%[40]. - Current assets decreased from CNY 16,412,496,813.47 to CNY 13,855,788,755.23, representing a reduction of about 15.6%[37]. - Total operating costs for Q1 2018 were CNY 2,893,873,912.56, up 23.2% from CNY 2,349,480,309.14 in Q1 2017[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 104,550[13]. - The top shareholder, Qinghai Provincial State-owned Assets Investment Management Co., Ltd., held 27.03% of the shares, amounting to 753,068,895 shares[13]. Operational Developments - The company is in discussions regarding the establishment of a joint venture with BYD, although no written materials were provided on the progress[32]. - The company is exploring the advantages and disadvantages of lithium extraction from ore and brine, indicating ongoing research and development efforts[32]. - The company is assessing the potential profitability of expanding lithium production capacity in 2018[32]. - The company has established independent financial and operational systems to ensure its operational integrity[25][26]. - The company has committed to maintaining independence from its controlling shareholders in terms of business operations and financial decisions[27]. - The company is focusing on the production and sales of potassium fertilizer, with discussions ongoing about first-quarter performance metrics[32]. Miscellaneous - There were no securities or derivative investments reported during the period[29][30]. - The company has not reported any violations regarding external guarantees during the reporting period[33]. - The company's first quarter report was not audited[60].

1.业绩预告期间：2018 年 1 月 1 日至 2018 年 3 月 31 日 2.预计的经营业绩：亏损 | 项 | 目 | 本报告期(2018 | 年 | 1 月 | 1 | 日至 | 2018 | 年 | 上年同期(2017 | | | 年 | 1 | 月 | 1 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 3 月 31 日) | | | | | | | 日至 2017 | 年 | 3 | 月 | 31 | 日) | | | 归属于上市公司 | | 亏损：约-28,000.00 | | | 万元至 | | | | 亏损：-26,465.01 | | | | | 万元 | | | 股东的净利润基 | | -26,800.00 万元 | | | | | | | | | | | | | | | 本每股收益 | | 亏损 ：约-0.1005 | | | 元至-0.0962 | | 元 | | 亏损：-0.1425 | | | 元 | | | | ...