Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,498,565,309.14, a decrease of 26.94% compared to ¥2,051,144,764.05 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥68,352,286.48, representing a significant increase of 302.16% from a loss of ¥33,810,970.83 in the previous year[18]. - The net cash flow from operating activities was ¥74,761,461.62, a turnaround from a negative cash flow of ¥47,062,033.21, marking an increase of 258.86%[18]. - Basic earnings per share rose to ¥0.1023, compared to a loss of ¥0.0506 per share in the same period last year, reflecting a 302.17% improvement[18]. - The company reported a significant increase in contract liabilities to CNY 162,691,862.37 from CNY 118,163,625.09, reflecting a growth of approximately 37.66%[138]. - The company reported a significant increase in revenue, achieving a total of 774.94 million yuan in the first half of 2021, reflecting a growth of 15% compared to the same period last year[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,142,180,285.42, an increase of 5.36% from ¥4,880,555,146.27 at the end of the previous year[18]. - The total liabilities increased to CNY 2,224,374,059.50 from CNY 2,023,874,730.45, reflecting a growth of approximately 9.88%[140]. - Cash and cash equivalents decreased to 1,061,258,606.83, representing 20.64% of total assets, down by 3.00%[45]. - The total owner's equity at the end of the reporting period was CNY 2,912,662,805.25, showing a positive trend compared to the previous period's total of CNY 2,805,377,523.30, which is an increase of approximately 3.8%[166]. Investments and R&D - Research and development investment increased by 38.70% to ¥14,751,137.39, reflecting the addition of new R&D projects[37]. - The company reported a total investment income of CNY 3,101,979.03 from financial assets and derivatives[23]. - The company plans to enhance its production capabilities through advanced automation and energy-efficient technologies in its sugar production processes[33]. Production and Operations - The company has signed 4,486 contracts for sugarcane supply in 2021, ensuring a stable supply for the 2021/2022 sugar production season[28]. - The company achieved full-load production and sales in the pulp and paper sector, optimizing product structure to enhance market competitiveness[26]. - The company’s sugar production is driven by increasing demand as a daily necessity, with domestic sugar supply unable to meet demand, leading to reliance on imports[29]. - The company plans to start construction on the paper project in 2021, further enhancing its integrated sugar and paper production capabilities[32]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit, with specific emissions monitored and reported[68]. - The company has installed automatic monitoring systems for pollutant emissions at both the thermal power plant and the comprehensive wastewater treatment plant[73]. - The company has not faced any administrative penalties for environmental issues during the reporting period[78]. - The company has implemented a comprehensive emergency response plan for environmental pollution incidents[77]. Related Party Transactions - The company reported a total of 1,770.21 million yuan in related party transactions for the period, with 80.29% of these transactions being approved[93]. - The largest single related transaction involved the purchase of raw materials amounting to 184.86 million yuan, representing 100% of the transaction value[91]. - The company’s related party transactions are subject to market pricing, ensuring compliance with regulatory standards[93]. Management and Governance - The company has experienced significant changes in management, with new appointments for key positions in January 2021[64]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[126]. - The financial report for the first half of 2021 has not been audited[134]. Legal Matters - The company faced a lawsuit involving Guangdong Jindong Construction Engineering Co., Ltd., with a claim amount of 775,000 yuan, which is currently under litigation[88]. - The company successfully won a case against Nantong Renhong Color Steel Co., Ltd., with a judgment requiring the defendant to pay 2.86 million yuan in overdue project payments[88]. - There were no significant litigation or arbitration matters reported during the period[88].

证券代码：000833 证券简称：粤桂股份 公告编号：2021-028 广西粤桂广业控股股份有限公司 关于参加投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，广西粤桂广业控股股份有限 公司（以下简称"公司"）将参加由广西上市公司协会、深圳市全景 网络有限公司共同举办的"2021 年广西地区上市公司投资者网上集 体接待日活动"，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互 联网平台举行，投资者可以登陆"全景·投资者关系互动平台"网站 （http：//ir.p5w.net）参与公司本次投资者集体接待日活动，活动 时间为 2021 年 5 月 21 日（星期五）15:30 至 17:00。 届时公司副董事长朱冰先生、董事会秘书赵松先生、财务负责人 梁星女士将通过网络在线问答互动的形式，与投资者就公司治理、经 营情况和可持续发展等投资者关注的问题进行交流。期间，公司高管 将全程在线，通过全景网投资者关系互动平台实时回答投资者的提 问。 欢迎广大投资者积极参与。 特此公告。 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥598,004,710.71, a decrease of 32.58% compared to ¥887,022,837.53 in the same period last year[8] - Net profit attributable to shareholders was ¥1,193,068.72, a significant improvement of 103.89% from a loss of ¥30,662,718.59 in the previous year[8] - Basic and diluted earnings per share increased to ¥0.0018 from a loss of ¥0.0459, reflecting a 103.89% improvement[8] - Total profit increased by 116.81% year-on-year, driven by favorable market conditions for the company's main products, with both volume and price rising[17] - The total profit for Q1 2021 was CNY 5,118,130.51, significantly improved from a loss of CNY 30,440,607.50 in the prior year[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,030,339,026.20, up 3.07% from ¥4,880,555,146.27 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to CNY 3,222,041,744.04, compared to CNY 3,570,796,752.19 at the end of 2020[36] - The total liabilities as of March 31, 2021, were CNY 2,170,066,801.80, compared to CNY 2,023,874,730.45 in the previous period[36] - The equity attributable to shareholders of the parent company was CNY 2,866,305,158.18, slightly up from CNY 2,863,801,555.94[34] - The company reported a total asset value of 4,880,555,146.27 yuan, with total liabilities amounting to 2,023,874,730.45 yuan, resulting in total equity of 2,856,680,415.82 yuan[57] Cash Flow - Cash flow from operating activities showed a net outflow of ¥198,534,465.15, an improvement of 23.47% compared to a net outflow of ¥259,413,482.01 in the same period last year[8] - The company reported a cash flow from operating activities of CNY -198,534,465.15, an improvement from CNY -259,413,482.01 in the previous period[49] - The cash flow from sales of goods and services was 79,313,798.43 yuan, a decrease of 41.0% compared to 134,240,405.91 yuan in the previous period[52] - The cash flow from financing activities resulted in a net outflow of -94,395,556.49 yuan, compared to -16,502,060.54 yuan in the previous period, reflecting a worsening financing situation[53] Expenses - The company reported a 38.57% decrease in operating costs, primarily due to a reduction in trading sugar business[16] - Total operating costs for Q1 2021 were CNY 592,729,787.84, down from CNY 924,121,163.37 in the previous period[40] - The company incurred a total operating cost of CNY 78,048,737.92, down from CNY 124,419,864.66 in the previous year[44] - Financial expenses decreased by 33.01% year-on-year, primarily due to an increase in interest income[17] - The financial expenses for Q1 2021 were CNY -678,990.68, a significant reduction from CNY 4,038,482.71 in the same period last year[44] Inventory and Receivables - Accounts receivable financing increased by 36.06% compared to the beginning of the year, primarily due to increased endorsement discounting of receivables[16] - Inventory increased by 39.89% compared to the beginning of the year, mainly due to new sugar stock from the current crushing season[16] - The company reported a significant increase in inventory, rising to CNY 50,171,549.43 from CNY 25,505,249.45[35] Tax and Other Income - Tax and additional fees increased by 52.68% year-on-year, attributed to higher sales of sulfur concentrate leading to increased VAT payments[16] - Income tax expenses rose by 119.05% year-on-year, reflecting an increase in net profit and higher tax provisions[17] - Other income increased by 60.81% year-on-year, mainly from government subsidies and new deferred income amortization[17] Research and Development - R&D expenses increased by 32.92% year-on-year, mainly due to an increase in R&D projects[17] Impairment Losses - Credit impairment losses increased by 144.38% year-on-year, attributed to an increase in margin payments accounted for in other receivables and higher bad debt provisions[17] - Asset impairment losses surged by 170.76% year-on-year, primarily due to a significant rise in raw material prices for phosphate fertilizer, leading to increased inventory write-downs[17] Capital Expenditures - The company’s investment in fixed assets and intangible assets amounted to 216,752,387.46 yuan, a substantial increase from 32,566,524.34 yuan in the previous period[52] Other Information - The company has completed the first phase of the relocation and renovation project for the sugar factory, with cumulative actual payments of 451.13 million yuan as of March 31, 2021[18] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[61] - The company has implemented new leasing standards, which may impact future financial reporting[60]

Financial Performance - The company's operating revenue for 2020 was ¥3,190,217,905.58, a decrease of 8.90% compared to ¥3,501,991,589.00 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥62,745,698.06, down 24.43% from ¥83,029,249.63 in 2019[6]. - The net cash flow from operating activities increased by 142.08% to ¥265,124,048.31 in 2020, compared to ¥109,520,182.17 in 2019[6]. - The company reported a basic earnings per share of ¥0.0939, a decline of 24.40% from ¥0.1242 in 2019[6]. - Total assets at the end of 2020 were ¥4,880,555,146.27, an increase of 11.55% from ¥4,375,183,940.65 at the end of 2019[6]. - The company received government subsidies amounting to ¥223,007,070.92 in 2020, compared to ¥182,198,085.60 in 2019[23]. - Revenue for the year was CNY 3.19 billion, representing a decrease of 8.90% compared to the previous year[44]. - Net profit attributable to shareholders was CNY 62.75 million, down 24.43% year-on-year[44]. - The company reported a net profit of CNY 63,015,500.00 for the year, with significant variances from cash flow due to depreciation and amortization expenses[65]. Business Operations - The main business operations include sugar, paper, and organic-inorganic compound fertilizers, with the addition of sulfur iron ore mining and processing since July 31, 2015[15]. - The company has established a strong presence in the sugar industry through its subsidiary Guangxi Guotai Sugar Industry Group[15]. - The company is focused on expanding its market presence and enhancing its product offerings in the sugar and paper sectors[15]. - The company’s operational strategy includes leveraging its existing assets to drive growth in the sulfur mining sector[15]. - The company completed the relocation of its sugar factory and the technical transformation project in 2020[28]. - The main products include white sugar, red sugar, pulp, and various chemical products, with sales affected by weak downstream markets[28]. Shareholder and Capital Structure - The company has a registered capital of 1.5 billion RMB, reflecting its substantial financial foundation[11]. - The company’s total share capital stands at 668,401,851 shares, with 43.43% held as restricted shares and 56.57% as unrestricted shares[182]. - The largest shareholder, Yunfu Guangye Sulfur Iron Mining Group Co., Ltd., holds 31.31% of the shares, totaling 209,261,113 shares[184]. - The controlling shareholder of Guangxi Yuegui Guangye Holdings Co., Ltd. is a local state-owned entity, specifically the Guangdong Environmental Group Co., Ltd., which holds 26.64% of the company's total shares, amounting to 188,345,487 shares[188]. - The company’s shareholder count increased to 40,722 by the end of the reporting period[184]. Environmental and Social Responsibility - The company is committed to maintaining support for poverty alleviation efforts, ensuring a smooth transition to rural revitalization by 2025[155]. - The company has successfully helped 103 households and 208 individuals in Shixiang Village achieve poverty alleviation, with a 100% employment rate for those capable of working[149]. - Environmental protection measures are in place, with the company classified as a key pollutant discharge unit, ensuring compliance with emission standards[156]. - The company reported a total sulfur dioxide emission of 1264 tons per year, with no instances of exceeding discharge limits[156]. - The company has implemented a comprehensive wastewater treatment facility with a capacity of 40,000 tons per day, ensuring effective pollution control[159]. Strategic Initiatives and Future Plans - The company aims to enhance the quality of sugarcane and expand planting scale to ensure a stable supply of raw materials, which is crucial for maintaining sugar production[31]. - The company plans to enhance its operational efficiency and adapt to market changes in response to the ongoing impacts of the COVID-19 pandemic and industry policy shifts[44]. - The company aims to transform into a leading green chemical new materials group during the "14th Five-Year Plan" period, focusing on high-end electronic chemical materials and urban mining concepts[91]. - The company intends to pursue mergers and acquisitions in the green chemical sector to enhance its innovation capabilities and product value[92]. - The company plans to increase research and development investments and establish collaborative mechanisms to boost innovation capacity[92]. Legal and Compliance Issues - The company is involved in a loan contract dispute with an amount of RMB 25.34 million (approximately $3.9 million) related to a bankruptcy case[117]. - The company has a pending lawsuit involving a claim for RMB 7.79 million (approximately $1.2 million) from Guangdong Jindong Construction Engineering Co., which is currently awaiting a first-instance judgment[118]. - The company has a total of RMB 20.63 million (approximately $3.2 million) in other lawsuits where it is the plaintiff, with various claims against different parties[119]. - The company reported no penalties or rectifications during the reporting period[125]. - The company has no ongoing stock incentive plans or employee stock ownership plans[126]. Research and Development - Research and development expenses amounted to CNY 36,483,497.96, representing 1.14% of operating revenue[61]. - The number of R&D personnel increased by 4.73% to 310, with the proportion of R&D personnel rising to 8.90%[62].

Financial Performance - Operating revenue for the reporting period was CNY 648,417,954.60, a decline of 62.57% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 19,137,731.59, a decrease of 465.40% compared to the same period last year[8] - Basic earnings per share were CNY -0.0286, a decrease of 466.67% compared to the same period last year[8] - The net profit for the third quarter was a loss of CNY 18,573,328.24, compared to a profit of CNY 5,237,101.44 in the previous year, indicating a significant decline[45] - The company reported a net profit of -56,170,305.52 yuan for Q3 2020, compared to a net profit of 48,078,471.99 yuan in the same period last year, indicating a significant decline[53] - The total profit for Q3 2020 was -59,810,047.72 yuan, a stark contrast to the profit of 46,081,409.98 yuan reported in Q3 2019[53] - The company reported a basic and diluted earnings per share of -0.0286, compared to 0.0078 in the same quarter last year[46] - The company's operating profit for Q3 2020 was -61,731,677.54 yuan, compared to an operating profit of 52,130,067.76 yuan in Q3 2019, marking a substantial drop[53] Cash Flow - The net cash flow from operating activities was CNY 82,009,734.10, down 68.96% year-on-year[8] - The company reported a net cash flow from operating activities decreased by CNY 70.74 million year-on-year, mainly due to a decrease in cash received from sales of goods and services[18] - The cash inflow from operating activities for the year-to-date period was 3,132,980,306.11 yuan, compared to 3,666,696,451.53 yuan in the previous year[60] - The company reported a total cash inflow from operating activities of 913,487,720.99 CNY, compared to 1,099,323,697.69 CNY in the previous period, indicating a decline of about 17%[65] - The net cash flow from investment activities was -27,488,933.80 CNY, a significant decline from the previous period's positive cash flow of 81,404,044.25 CNY[66] - The company incurred a cash outflow of 649,093,034.83 CNY in financing activities, compared to 675,557,558.07 CNY in the previous period, reflecting a decrease of about 3.9%[67] - The net increase in cash and cash equivalents was -360,800,512.79 CNY, compared to -281,801,436.59 CNY in the previous period, indicating a worsening cash position[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,360,497,196.62, a decrease of 0.34% compared to the end of the previous year[8] - Total liabilities reached CNY 1,601,461,632.99, with current liabilities at CNY 1,447,246,445.43 and non-current liabilities at CNY 154,215,187.56[72] - Current liabilities totaled CNY 1,429,211,501.32, a decrease from CNY 1,447,246,445.43[36] - Non-current liabilities increased to CNY 195,193,249.15 from CNY 154,215,187.56[36] - Total equity attributable to shareholders decreased to CNY 2,746,704,983.93 from CNY 2,805,377,523.30[37] - Cash and cash equivalents were CNY 43,088,641.85, down from CNY 395,884,583.87[38] - Accounts receivable increased significantly to CNY 59,784,007.20 from CNY 9,786,790.36[38] - Inventory rose to CNY 101,321,746.80 from CNY 83,353,710.40[38] Investments and Expenditures - The company has cumulatively spent CNY 55.9 million on the annual production project of 108,900 tons of bleached pulp as of September 30, 2020[19] - The company aims to complete the annual production project of 108,900 tons of bleached pulp by June 2021[19] - Investment income increased by 75.97% year-on-year, primarily due to increased income from bank wealth management[18] - The total investment income for the quarter was CNY 478,845.07, a notable increase from CNY 23,157.53 in the previous year[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,968[12] - Owner's equity totaled CNY 2,773,722,307.66, with a capital reserve of CNY 1,385,759,772.80 and retained earnings of CNY 663,567,039.81[72] - Total owner's equity reached CNY 2,537,574,447.19 as of Q3 2020[77] Compliance and Standards - The company has no violations regarding external guarantees during the reporting period[27] - The company has not undergone an audit for the Q3 report[78] - The company implemented new revenue and leasing standards for the first time in 2020, affecting prior comparative data[78]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,051,144,764.05, representing a 48.51% increase compared to ¥1,381,191,271.59 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥33,810,970.83, a decrease of 172.67% from ¥46,528,941.19 in the previous year[18]. - The net cash flow from operating activities improved to -¥47,062,033.21, a 70.31% increase compared to -¥158,498,964.91 in the same period last year[18]. - The company's revenue for the reporting period was ¥2,051,144,764.05, representing a year-on-year increase of 48.51% compared to ¥1,381,191,271.59 in the same period last year[34]. - The cost of goods sold increased by 62.67% to ¥2,013,170,610.29, up from ¥1,237,552,030.68 in the previous year, primarily due to increased sales costs of trade sugar[34]. - The net profit for the first half of 2020 was a loss of CNY 37,596,977.28, contrasting with a profit of CNY 42,841,370.55 in the same period of 2019, marking a decline of approximately 187.7%[141]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,695,972,919.93, reflecting a 7.33% increase from ¥4,375,183,940.65 at the end of the previous year[18]. - The total liabilities increased to CNY 1,942,625,332.76 from CNY 1,601,461,632.99, which is an increase of approximately 21.3%[133]. - The company's total assets at the end of the reporting period were approximately 6,167.40 million RMB[166]. - The total liabilities at the end of the period were 567.5 million yuan, reflecting a decrease of 5.1% compared to the previous period[159]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period was 44,703[116]. - Major shareholders include Yunfu Guangye Sulfur Iron Mining Group Co., Ltd. holding 31.31% and Guangdong Guangye Group Co., Ltd. holding 12.13%[116]. Operational Strategy - The company has adjusted its operational strategy to focus on market and customer needs while managing costs and expanding sales[30]. - The company is advancing the overall relocation and renovation project of the sugar factory, with the first phase of the project expected to be completed by June 2021[31]. - The company aims to enhance production efficiency and reduce costs through technological upgrades and modern equipment in the pulp production process[52]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with emissions of sulfur dioxide, nitrogen oxides, and smoke meeting the required standards[89]. - The company has implemented measures to ensure that all wastewater from the mining operations is treated and reused, with no external discharge[91]. - The company is focused on maintaining compliance with environmental standards, including the discharge limits set by the Guangdong provincial regulations[91]. Legal and Regulatory Matters - The company reported a total liability of 47.71 million yuan related to a health rights dispute, with a court ruling that the company is responsible for 50% of the damages, amounting to 23.85 million yuan[63]. - The company has ongoing litigation related to a labor dispute, with a compensation ruling of 16 million yuan for personal injury damages[64]. - The company is actively managing its legal disputes to mitigate financial impacts and ensure compliance with court rulings[63]. Research and Development - The company's R&D investment decreased by 19.97% to ¥10,635,244.56 from ¥13,288,892.59 in the previous year[34]. - Research and development expenses were CNY 30,000.00 in the first half of 2020, a significant decrease from CNY 1,807,965.46 in the same period of 2019[145]. Community Engagement and Social Responsibility - The company has supported 103 impoverished households, with a total of 209 individuals confirmed to have met the poverty alleviation standards as of June 2020[103]. - Financial support initiatives include small loans aimed at helping impoverished households develop agricultural activities, with a total funding of CNY 165,500[104]. - The company has improved drinking water quality for over 2,500 residents through the renovation of water supply facilities[103]. Risk Management - The company faced significant risks and has detailed its risk management strategies in the report[5]. - Strategies to mitigate risks include extending the industrial chain, implementing innovation-driven strategies, and establishing long-term partnerships with strong distributors[53].

Financial Performance - The company's operating revenue for Q1 2020 was ¥887,022,837.53, representing a 54.32% increase compared to ¥574,791,509.87 in the same period last year[8] - The net profit attributable to shareholders was -¥30,662,718.59, a decrease of 689.45% from ¥5,201,886.99 in the previous year[8] - The basic earnings per share were -¥0.0459, down 688.46% from ¥0.0078 in the previous year[8] - The company reported a net profit margin decline due to increased costs, with operating costs rising faster than revenue growth[38] - The net profit for Q1 2020 was a loss of CNY 31.74 million, compared to a profit of CNY 3.51 million in Q1 2019, indicating a significant decline in profitability[41] - The total profit for Q1 2020 was a loss of CNY 30.44 million, compared to a profit of CNY 7.55 million in the previous year[41] Cash Flow - The net cash flow from operating activities was -¥259,413,482.01, which is a 132.57% decline compared to -¥111,544,392.52 in the same period last year[8] - The company reported a net cash outflow from operating activities of CNY 259.41 million, worsening from a net outflow of CNY 111.54 million in the same period last year[47] - The total cash outflow from operating activities was CNY 1.25 billion, compared to CNY 814.05 million in the same period last year, indicating a 53.5% increase in cash outflows[47] - The company experienced a net increase in cash and cash equivalents of -284,139,229.94 CNY during the period[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,487,651,562.76, an increase of 2.57% from ¥4,375,183,940.65 at the end of the previous year[8] - Current liabilities totaled CNY 1,593,099,177.95, an increase from CNY 1,447,246,445.43 in the previous year, marking a rise of about 10.1%[32] - The company's total liabilities reached CNY 1,744,111,733.09, compared to CNY 1,601,461,632.99 in the previous year, which is an increase of approximately 8.9%[32] - The total equity attributable to shareholders was CNY 2,776,268,033.21, down from CNY 2,805,377,523.30, indicating a decrease of about 1.0%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,368[12] - The top three shareholders held a combined 54.78% of the shares, with the largest shareholder owning 31.31%[13] Operational Metrics - Operating costs increased by 68.8% year-on-year, corresponding to the increase in trade sugar business[16] - Financial expenses increased by 70.04% year-on-year, mainly due to the borrowing of working capital for the current sugar season[16] - Other income decreased by 71.58% year-on-year, primarily due to a reduction in government subsidies[16] - Investment income decreased by 65.48% year-on-year, as there were no treasury reverse repurchase investments in the current period[16] Inventory and Receivables - Accounts receivable increased by 41.63% compared to the beginning of the year, primarily due to an increase in receivables from mineral product sales[16] - Inventory increased by 33.65% compared to the beginning of the year, mainly due to the addition of new mechanism sugar inventory for the new sugar season[16] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[38] Audit Status - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[52]

Financial Performance - The company reported a cash dividend of 0.15 RMB per 10 shares, based on a total of 668,401,851 shares, amounting to a total cash distribution of approximately 10 million RMB[6]. - The company’s operating revenue for 2019 was CNY 3,501,991,589, representing a 10.54% increase compared to CNY 3,168,174,565 in 2018[17]. - The net profit attributable to shareholders decreased by 6.16% to CNY 83,029,250 from CNY 88,476,007 in the previous year[17]. - The net cash flow from operating activities dropped significantly by 61.17% to CNY 109,520,182 from CNY 282,057,035 in 2018[17]. - The total assets increased by 9.54% to CNY 4,375,183,941 at the end of 2019, up from CNY 3,994,265,405 at the end of 2018[17]. - The company achieved a revenue of 3.502 billion yuan, representing a growth of 10.54% year-on-year[43]. - Net profit decreased by 32.25% year-on-year, amounting to 56.47 million yuan[43]. - The company’s basic earnings per share decreased by 6.19% to CNY 0.1242 from CNY 0.1324 in 2018[17]. - The company’s weighted average return on net assets was 3.00%, down from 3.30% in the previous year[17]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of CNY 101,348,598 compared to a profit of CNY 83,800,894 in 2018[17]. Business Operations - The company has undergone significant business changes, including the acquisition of 100% equity in YunSulf Mining, enhancing its operational capabilities in sulfur iron ore mining and related products[15]. - The company’s main business includes sugar, paper, and organic fertilizers, with a focus on expanding its market presence in these sectors[15]. - The company’s actual controlling shareholder is Guangxi YunSulf Group, with a significant stake held by Guangdong Guangye Group[15]. - The company has been listed on the Shenzhen Stock Exchange since November 11, 1998, indicating a long-standing presence in the market[15]. - The company’s registered address is located in Guangxi, with its operational headquarters in Guangzhou, Guangdong Province[12]. - The company’s stock code is 000833, and it is commonly referred to as Yuegui Shares in the market[12]. - The company has established a comprehensive information disclosure system, utilizing multiple media outlets for transparency[14]. - The company’s strategy includes stabilizing sales, controlling costs, and managing risks to adapt to market changes[31]. - The company’s procurement of raw materials for paper production is focused on controlling costs and expanding market share[31]. Market and Industry Insights - The company holds a leading position in the domestic sulfur iron ore industry, with a production capacity accounting for approximately 16% of the national output[35]. - The average grade of the company's sulfur iron ore is 31.02%, with a total reserve of 200.6 million tons[36]. - The average price of sulfuric acid in 2019 dropped to 150 RMB per ton due to oversupply in the market[34]. - The company achieved a sales revenue of CNY 2,016,000,000 from sugar trading, marking a 39% year-on-year growth[27]. - The mining segment's revenue decreased by 20.21% to CNY 398.89 million, down from CNY 499.91 million in 2018, indicating a shrinking market[51]. - The sulfuric acid segment experienced a substantial decline in revenue, dropping by 47.29% to CNY 68.58 million from CNY 130.10 million in the previous year[51]. - The company plans to extend its industrial chain by enhancing resource deep processing through sulfur-phosphorus and sulfur-titanium resource coupling[46]. - The revenue from the South China region accounted for 83.01% of total revenue, increasing by 15.44% year-on-year[51]. Investments and Financial Management - The company’s equity assets increased by 100% compared to the beginning of the period, primarily due to increased external investments[37]. - Fixed assets rose by 70.98% since the beginning of the year, mainly due to the completion of a new sugar factory, with construction projects being transferred to fixed assets[37]. - Long-term borrowings increased by 253.28% compared to the beginning of the year, mainly due to loans for the relocation and technical transformation project in the Yuegui area[37]. - The company’s deferred tax assets decreased by 45.42% compared to the beginning of the period, mainly due to a reduction in deductible losses[37]. - The company reported a total fundraising amount of 564.10 million yuan, with no funds utilized yet[90]. - The company approved the use of up to 300 million yuan of idle fundraising to supplement working capital, limited to 12 months[90]. - The company has retained a significant amount of undistributed profits, indicating potential for future investment and growth[124]. Corporate Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with key executives affirming the integrity of the annual report[5]. - The company is committed to maintaining a high level of corporate governance, ensuring that minority shareholders' rights are protected and that dividend policies are transparent and compliant[116]. - The company has a long-term commitment to maintain independence from its controlling shareholders, with continuous compliance since August 2014[126]. - The company has undertaken measures to reduce and standardize related transactions, ensuring fair market pricing and transparency in dealings with subsidiaries[126]. - The company has pledged to resolve any potential competition with its subsidiaries by transferring shares to independent third parties if necessary[126]. - The company has established a framework for ongoing compliance with its commitments, reflecting a focus on corporate governance and accountability[126]. Environmental and Social Responsibility - The company is committed to sustainability initiatives, aiming to reduce its carbon footprint by 15% over the next three years[155]. - The company has successfully implemented measures to ensure that all relevant pollutants are within the permissible limits, demonstrating commitment to environmental protection[187]. - The company is classified as a key pollutant discharge unit by environmental authorities, indicating a focus on compliance and monitoring[187]. - The company has made significant investments in pollution control technologies to reduce emissions and improve compliance with environmental standards[187]. - The company completed the renovation of 10 dangerous houses as part of its poverty alleviation efforts, with additional support of CNY 20,000 per household after completion[175]. - The company invested in photovoltaic power stations and agricultural projects to increase income for impoverished households[175]. - In 2019, the company invested a total of 32.68 million yuan in poverty alleviation efforts, helping 209 registered impoverished individuals to escape poverty[182]. - The education subsidy for impoverished students reached a 100% distribution rate, with 33 eligible students receiving full benefits[179]. Legal Matters - The company is involved in a significant lawsuit concerning a loan dispute with an amount of 25.34 million RMB, with a court ruling pending[142]. - The company has ongoing litigation related to a loan contract dispute, with a total claim amount of 1.501 million RMB[143]. - The company faces a labor dispute with a total claim amount of 167,000 RMB, with court dates yet to be determined[145]. - The company has a pending case involving a contract dispute with a claim amount of 9.91 million RMB, with a court ruling already issued[146]. - The company has initiated legal proceedings against a supplier for a total claim of 5.4818 million RMB, with a settlement agreement reached but not yet fulfilled[146]. Research and Development - Research and development expenses decreased by 22.21% year-on-year, amounting to 34,734,813.83 yuan[68]. - R&D investment for the year was CNY 34.73 million, accounting for 0.99% of operating revenue[71]. - The number of R&D personnel decreased by 16.62% to 296, with R&D personnel accounting for 8.14% of the total workforce[71]. - The company plans to enhance its innovation capabilities by increasing research and development investments and establishing technology cooperation mechanisms[105].

1 广西粤桂广业控股股份有限公司 2019 年第三季度报告全文 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 广西粤桂广业控股股份有限公司 2019 年第三季度报告全文 广西粤桂广业控股股份有限公司 2019 年第三季度报告 2019 年 10 月 √ 适用 □ 不适用 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 黄祥清 | 董事长 | 出差 | 朱冰 | 公司负责人黄祥清、主管会计工作负责人庄学武及会计机构负责人(会计主 管人员)梁鸿斌声明：保证季度报告中财务报表的真实、准确、完整。 2 广西粤桂广业控股股份有限公司 2019 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 | ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,381,191,271.59, representing a 5.96% increase compared to CNY 1,303,462,897.18 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 34.89% to CNY 46,528,941.19 from CNY 71,458,500.94 year-on-year[17]. - Basic earnings per share fell by 34.89% to CNY 0.0696 from CNY 0.1069 in the same period last year[17]. - The total operating costs increased to CNY 1,352,205,561.63, up 11.6% from CNY 1,211,414,977.05 year-on-year[143]. - The total comprehensive income for the first half of 2019 was CNY 25,847,686.86, a decrease of 17.3% compared to CNY 31,271,967.55 in the same period of 2018[148]. - The company reported a significant increase in sales revenue from goods and services, amounting to CNY 1,642,211,717.03, up from CNY 1,498,492,435.43 in the previous year, reflecting a growth of approximately 9.6%[149]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -158,498,964.91, a decline of 283.81% compared to CNY -41,296,663.02 in the previous year[17]. - The company experienced a significant decrease in cash and cash equivalents, totaling -RMB 248.16 million, a decline of 760.19% year-on-year[38]. - The total cash and cash equivalents at the end of the period stood at CNY 964,421,554.85, compared to CNY 794,355,522.93 at the end of the first half of 2018[152]. - The cash flow from operating activities showed a net outflow of CNY 158,498,964.91, compared to a net outflow of CNY 41,296,663.02 in the previous year, indicating a significant decline in operational cash flow[151]. - The total cash inflow from financing activities amounted to 134,782,000.00 CNY, while cash outflow for financing activities was 241,000,024.77 CNY, resulting in a net cash flow of -106,218,024.77 CNY[154]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,948,794,561.51, a decrease of 1.14% from CNY 3,994,265,404.60 at the end of the previous year[18]. - The total liabilities decreased to CNY 1,192,566,366.02 from CNY 1,268,804,627.75, a reduction of 6.0%[138]. - The company's total equity increased to CNY 2,756,228,195.49 from CNY 2,725,460,776.85, reflecting a growth of 1.14%[138]. - The total number of shares remains at 668,401,851, with no significant changes in shareholding structure reported[116]. - The total liabilities at the end of the first half of 2019 were approximately 1,571 million yuan, indicating a stable financial position[163]. Production and Operations - In the 2018/2019 sugar season, the company processed 848,900 tons of sugarcane, a year-on-year increase of 14.44% compared to 741,800 tons in the previous season[31]. - The total sugar production for the 2018/2019 season was 95,000 tons, reflecting a year-on-year increase of 2.96% from 84,100 tons[31]. - The company continues to implement strategies to stabilize sales and control costs, including a market-based pricing mechanism[31]. - The company is actively advancing the construction of industrial park projects and the overall relocation and renovation of its facilities[31]. - The company has completed the injection of sugar and paper assets into the Guizhou Sugar Group[31]. Research and Development - The company increased its R&D investment by 35.84% year-on-year, totaling RMB 13.29 million, reflecting a focus on enhancing innovation[38]. - Research and development expenses rose to CNY 13,288,892.59, an increase of 35.5% compared to CNY 9,783,052.52 in the previous year[143]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[87]. - The company achieved compliance with emission standards for sulfur dioxide, nitrogen oxides, and particulate matter[87]. - The total annual emissions for sulfur dioxide were 114.2 tons, nitrogen oxides were 118.8 tons, and particulate matter was 11.3 tons[87]. - The wastewater treatment facility has a processing capacity of 40,000 tons/day, ensuring that pollutant emissions remain within the approved limits[90]. - The company’s environmental monitoring systems are operational, providing 24-hour monitoring of pollutant emissions at key discharge points[90]. Corporate Governance and Compliance - The company has committed to maintaining independence and avoiding competition with related parties, with ongoing compliance since December 6, 2011[65]. - The company has ongoing commitments to reduce and regulate related party transactions, ensuring fair market pricing and avoiding conflicts of interest[66]. - The company guarantees the accuracy and completeness of information disclosed in restructuring reports and related documents, with ongoing compliance since February 1, 2015[66]. - The company has no major litigation or arbitration matters during the reporting period[70]. - The company has not undergone any bankruptcy reorganization during the reporting period[69]. Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[41]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive growth[157]. - The company plans to enhance sugar production capacity and product quality through modernization and advanced processes to mitigate risks associated with raw material sourcing and cost increases[57]. - The company aims to optimize its product structure by prioritizing profitable products and adjusting production strategies to improve overall efficiency and competitiveness[59].