方大锦化化工科技股份有限公司 2014 年第三季度报告正文 证券代码：000818 证券简称：方大化工 公告编号：2014-070 方大锦化化工科技股份有限公司 2014 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。 公司负责人闫奎兴、主管会计工作负责人李晓光及会计机构负责人(会计主管人员)任玉华声明：保证 季度报告中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,852,731,162.16 | 2,761,504,741.94 | | 3.30% | | 归属于上市公司股东的净资产 | 1,938,718,793.45 | 1,896 ...

Financial Performance - The company achieved operating revenue of CNY 1,359,103,969.11, representing a year-on-year increase of 9.28%[22] - The net profit attributable to shareholders was CNY 26,949,164.27, a turnaround from a loss of CNY 47,245,108.26 in the same period last year, marking a 157.04% improvement[22] - The net cash flow from operating activities increased by 84.40% to CNY 16,618,950.61 compared to CNY 9,012,409.17 in the previous year[22] - The main business income reached CNY 134,316,000, with a gross profit margin of 10.77%[29] - The company reported a significant increase in sales revenue from goods and services, totaling ¥1,248,346,398.23, compared to ¥1,076,166,647.66 in the previous period[118] - Operating profit improved significantly to ¥35,059,413.30 from a loss of ¥76,743,778.87 in the previous period[113] - Net profit for the current period was ¥27,262,968.76, a turnaround from a net loss of ¥48,685,079.60 previously, indicating a recovery in profitability[113] - Basic and diluted earnings per share increased to ¥0.0396 from a loss of ¥0.0695, showcasing improved shareholder value[113] Production and Operations - The company produced 175,675 tons of caustic soda, achieving a 4.14% year-on-year growth, and set a historical record for the same period[29] - The company reported a significant increase in production of polyether, with a 36.99% year-on-year growth to 22,248 tons[29] - The production of caustic soda reached 175,675 tons, a year-on-year increase of 4.14%, achieving 47.48% of the annual plan[33] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,746,332,435.80, a slight decrease of 0.55% from the previous year[22] - The total assets at the end of the reporting period amounted to 274,633,000 CNY, a decrease of 1,517,000 CNY compared to the beginning of the period[30] - The total liabilities decreased to 77,407,000 CNY, down by 4,247,000 CNY from the beginning of the period[30] - Total current assets decreased slightly from 606,984,131.40 to 605,322,646.65, a decline of approximately 0.27%[105] - Total non-current assets decreased from 2,154,520,610.54 to 2,141,009,789.15, a decline of approximately 0.62%[106] - Total liabilities decreased from 816,541,111.44 to 774,067,467.02, a reduction of about 5.2%[107] - Total equity increased from 1,944,963,630.50 to 1,972,264,968.78, an increase of approximately 1.4%[107] Cash Flow - The net cash flow from investing activities was -31,311,376.97 CNY, a significant increase of 398.01% compared to the previous year, due to higher cash payments for fixed asset construction[31] - The company reported a net decrease in cash and cash equivalents of -11,201,930.50 CNY, a decline of 120.72% compared to the previous year[33] - Cash flow from operating activities generated ¥16,618,950.61, up from ¥9,012,409.17, indicating stronger cash generation capabilities[119] - Cash outflow from investment activities totaled ¥39,804,979.33, up from ¥12,971,792.52, indicating a rise of approximately 207.5%[123] - Net cash flow from financing activities decreased to ¥1,023,614.78 from ¥43,040,289.96, reflecting a decline of approximately 97.6%[123] Shareholder Information - The total number of shares is 680,000,000, with 39.14% (266,177,757 shares) being restricted shares and 60.86% (413,822,243 shares) being unrestricted shares[89] - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 39.14% of the shares, totaling 266,177,757 shares[92] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[94] - There were no share buyback plans proposed or implemented by shareholders during the reporting period[95] Research and Development - The company's research and development expenditure was 1,598,002.30 CNY, a slight increase of 0.48% compared to the previous year[31] - The company plans to focus on internal improvements and technological innovations to enhance production efficiency and reduce costs[29] Compliance and Governance - There were no penalties or rectifications during the reporting period, indicating compliance with regulations[83] - The company has no risks of delisting due to legal violations during the reporting period[84] - The financial report for the half-year period has not been audited[103] Accounting Policies - The financial statements are prepared based on the assumption of the company's ongoing operations, in accordance with the accounting standards issued by the Ministry of Finance[145][146] - The company uses RMB as its functional currency for accounting purposes[148] - Financial instruments are classified into categories such as financial assets at fair value through profit or loss, held-to-maturity investments, and loans and receivables[159]

Financial Performance - The company's operating revenue for Q1 2014 was ¥652,669,084.59, representing a 15.22% increase compared to ¥566,465,264.67 in the same period last year[6]. - The net profit attributable to shareholders was ¥15,860,765.94, a significant recovery from a loss of ¥29,916,361.85 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥25,798,809.60, compared to a loss of ¥27,177,999.80 in the same period last year[6]. - The basic earnings per share for the period was ¥0.0233, recovering from a loss of ¥0.044 per share in the previous year[6]. - The weighted average return on equity increased to 0.83%, up from -1.55% in the same period last year, marking a 2.38% improvement[6]. Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,760,079,109.03, a slight decrease of 0.05% from ¥2,761,504,741.94 at the end of the previous year[6]. - The net assets attributable to shareholders increased by 0.84% to ¥1,912,582,659.21 from ¥1,896,679,195.31 at the end of the previous year[6]. - The total number of shareholders at the end of the reporting period was 36,616[9]. - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 39.14% of the shares, with 188,010,000 shares pledged[9]. Cash Flow and Liabilities - The company reported a net cash flow from operating activities of ¥28,120,970.06, a minor decrease of 0.43% compared to ¥28,243,197.17 in the previous year[6]. - Other receivables increased by 1.27 million yuan compared to the beginning of the year, mainly due to an increase in receivables from other customers[16]. - Notes payable increased by 10.35 million yuan compared to the beginning of the year, primarily to meet the company's operational needs with an increase in bank-issued acceptance bills[16]. - Tax payable increased by 2.88 million yuan compared to the beginning of the year, mainly due to an increase in taxes payable at the end of the period[16]. - Other payables increased by 28.91 million yuan compared to the beginning of the year, mainly due to an increase in payables to other parties[16]. Operational Performance - Operating profit increased by 52.75 million yuan compared to the same period last year, attributed to rising sales prices of main products and a decrease in internal consumption levels, leading to lower costs[16]. - Management expenses increased by 4.43 million yuan compared to the same period last year, mainly due to a provision of 2.4 million yuan for profit-sharing bonuses and 2.15 million yuan for pollution discharge fees in the current quarter[16]. - Operating tax and additional fees decreased by 1.06 million yuan compared to the same period last year, mainly due to a reduction in the value-added tax payable, leading to a decrease in urban construction tax provisions[16]. - Asset impairment losses were reversed by 0.44 million yuan compared to the same period last year, mainly due to the reversal of part of the inventory impairment provision for products in the current quarter[16]. - Non-operating income decreased by 2.05 million yuan compared to the same period last year, primarily due to a reduction in government subsidies received[16]. Future Outlook and Investor Relations - The company anticipates a significant change in cumulative net profit from the beginning of the year to the next reporting period, potentially resulting in a loss compared to the same period last year[20]. - No investor communication activities were reported during the quarter, indicating a lack of engagement with stakeholders[20]. - The company is focused on understanding its production and operational status through investor inquiries[20].

Financial Performance - The company's operating revenue for 2013 was CNY 2,653,399,693.76, a decrease of 1.12% compared to CNY 2,683,515,199.55 in 2012[23] - The net profit attributable to shareholders for 2013 was a loss of CNY 86,251,017.20, representing a decline of 581.21% from a profit of CNY 17,923,778.53 in 2012[23] - The basic earnings per share for 2013 was -CNY 0.1268, a decrease of 580.3% from CNY 0.0264 in 2012[23] - The company reported a net profit excluding non-recurring gains and losses of -CNY 123,413,857.00 for 2013, compared to -CNY 64,121,333.36 in 2012[23] - The weighted average return on equity for 2013 was -4.36%, a decrease of 5.27% from 0.91% in 2012[23] - The company reported a net profit attributable to shareholders of -86,251,017.20 CNY for the current period, compared to a profit of 17,923,778.53 CNY in the previous period[28] - The total operating revenue for 2013 was approximately CNY 2.58 billion, a year-on-year increase of 4.2%[48] - The total operating cost for 2013 was approximately CNY 2.47 billion, with a year-on-year increase of 0.89%[48] - The total profit for the year was -81,481,722.63 CNY, compared to a profit of 6,116,844.35 CNY in the previous year, indicating a significant decline[182] Cash Flow and Assets - The net cash flow from operating activities increased by 178.7% to CNY 93,557,701.90 in 2013, compared to CNY 33,569,461.13 in 2012[23] - The company’s cash and cash equivalents increased by CNY 12.47 million, reversing a negative cash flow of CNY 71.34 million in 2012[46] - The company's cash and cash equivalents at the end of the period increased to 56,285,978.29 CNY from 43,817,422.52 CNY at the beginning of the year[184] - The total assets at the end of 2013 were CNY 2,761,504,741.94, an increase of 1.71% from CNY 2,714,972,544.65 at the end of 2012[23] - The company's total assets decreased to CNY 2,565,894,454.63 from CNY 2,623,389,623.47, reflecting a decline of 2.2%[176] - The company's total liabilities increased to CNY 677,224,314.39 from CNY 656,597,760.60, an increase of 3.0%[176] Inventory and Procurement - The inventory level decreased by 54.91% compared to the previous year, indicating improved inventory management[38] - The company reported a decrease in inventory from CNY 279.14 million in 2012 to CNY 186.18 million in 2013, a reduction of 3.54%[50] - The total procurement amount from the top five suppliers was CNY 587.95 million, accounting for 33.73% of the total annual procurement[42] Research and Development - Research and development expenses amounted to CNY 3.26 million, primarily focused on the development of polyether and related products[44] - The company has increased its research and development efforts, particularly in polyether and grafted polyether products, to enhance product structure and market reach[56] - New product developments in 2013 included several polyether polyols, with JH-2345 achieving sales of several thousand tons and receiving high user praise[56] Corporate Governance and Management - The company has established a comprehensive corporate governance structure, ensuring compliance with the requirements of the Company Law and the China Securities Regulatory Commission[139] - The company implements a performance-based salary system for directors, supervisors, and senior management[131] - The company has a total of four independent directors, including Liu Hongxia and Guo Shan, who were elected on October 24, 2013[128] - The company’s board of directors includes more than one-third independent directors, ensuring a balanced decision-making process[139] - The company has established a system for accountability regarding significant errors in annual report disclosures, which was effectively implemented during the reporting period[160] Future Plans and Strategy - The company plans to produce 370,000 tons of caustic soda and 115,000 tons of propylene oxide annually, aiming for full capacity operation of other products[67] - The company intends to apply for a comprehensive credit limit of up to 1.5 billion yuan from banks and financial institutions in 2014[68] - The company aims to enhance production process control and improve equipment maintenance to ensure stable high output of major production units[67] - The company plans to accelerate product structure adjustment to adapt to market needs and enhance profitability[67] - The company is committed to building a diversified industrial group through scientific market layout domestically and internationally[121] Environmental and Social Responsibility - The company emphasizes the importance of safety supervision and environmental protection standards in its operations[67] - The company has actively participated in environmental protection activities, enhancing its internal management and reducing waste emissions[76] - The company has maintained compliance with environmental standards, ensuring no pollution incidents occurred during the reporting period[76] Shareholder Information - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 39.14% of the shares, totaling 266,177,757 shares[119] - The company has 37,806 shareholders as of the reporting period end, an increase from 36,859 before the reporting period[119] - The company has not disclosed any plans for share buybacks or increases in shareholding by major shareholders during the reporting period[124] Legal and Compliance - The company has not been involved in any major litigation or arbitration matters during the reporting period[80] - There were no significant media inquiries regarding the company during the reporting period[81] - The company has not reported any significant new product developments or technological advancements in the current reporting period[101]