Financial Performance - The company's operating revenue for 2021 was ¥3,058,940,020.42, a decrease of 4.12% compared to ¥3,190,217,905.58 in 2020[18]. - Net profit attributable to shareholders increased significantly by 314.02% to ¥259,778,298.27 from ¥62,745,698.06 in the previous year[19]. - Basic earnings per share rose to ¥0.3887, reflecting a 313.95% increase from ¥0.0939 in 2020[19]. - The company's total assets at the end of 2021 were ¥5,183,597,236.94, representing a 6.21% increase from ¥4,880,555,146.27 at the end of 2020[19]. - The net cash flow from operating activities was ¥257,196,469.34, a slight decrease of 2.99% compared to ¥265,124,048.31 in 2020[19]. - The company reported a net profit of ¥18,122,084.31 from non-recurring gains and losses in 2021, down from ¥217,295,812.47 in 2020[25]. - The company's operating profit reached 36,474.57 million yuan, reflecting a substantial increase of 390.42% from the previous year[46]. - The company achieved a net profit of 25,978 million yuan in 2021, a significant increase of 314.02% compared to the previous year, marking the highest level in its history[44]. Business Operations - The company has expanded its main business to include the mining, processing, and sales of sulfur iron ore, along with the production and sales of sulfuric acid, iron ore powder, and phosphate fertilizer[17]. - The company's main business includes sugar, paper, and organic-inorganic compound fertilizers, with a focus on expanding its mining operations[17]. - The company holds a leading position in the sulfur iron ore industry, accounting for approximately 16% of the national production[35]. - The company plans to promote high-yield, high-sugar cane varieties to improve the sugarcane supply and production efficiency[31]. - The company aims to enhance production efficiency through mechanization and reduce production costs in the sugar industry[31]. - The company is focusing on technological innovation and comprehensive utilization of tailings to enhance its competitive edge[32]. - The company is responding to market pressures by adopting flexible sales strategies and expanding into new markets beyond Guangdong[31]. Market and Sales - The sugar industry saw a production increase of 25.15 million tons in the 2020/2021 period, with total production reaching 1,066.66 million tons[29]. - The demand for paper pulp increased by 2.32% year-on-year, influenced by public health events and maintenance shutdowns in the paper mills[29]. - The company's total revenue from the South China region was ¥2,444,962,358.74, accounting for 79.93% of total revenue, but showing a decline of 14.73% year-on-year[52]. - The sales volume of mechanism sugar increased by 56.35% to 88,086.88 tons, driven by a rise in production[56]. - The sales volume of sulfuric acid rose by 12.02% to 380,186.61 tons, with production increasing by 16.70%[56]. Investments and Financial Management - The company successfully completed a capital increase of 3,498 million yuan for a metal resource utilization project, marking a significant step in expanding its "urban mining" industry segment[45]. - The company reported an investment loss of 302 million yuan, a decrease of 159.74% year-on-year, primarily due to losses from joint ventures[48]. - The company has committed to invest CNY 20,248.43 million in a high-pressure roller mill technology renovation project, which is currently not progressing[93]. - The company has also committed CNY 36,296.02 million for a 100,000 t/a technology renovation project, which is also not progressing[93]. - The company plans to use part of the raised funds to temporarily supplement working capital, with a maximum of CNY 30,000 million allocated for this purpose[90]. Environmental Compliance - Company reported sulfur dioxide emissions of 213.1 tons per year, with a concentration of 158 mg/m³, compliant with the national standard[168]. - Company reported nitrogen oxide emissions of 143.5 tons per year, with a concentration of 106 mg/m³, compliant with the national standard[168]. - Company reported particulate matter emissions of 13.5 tons per year, with a concentration of 10 mg/m³, compliant with the national standard[168]. - The company has implemented measures to ensure compliance with environmental standards across all reported pollutants[168]. - The company has a comprehensive wastewater treatment capacity of 40,000 tons per day, ensuring that pollutant emissions are within the approved limits[172]. Corporate Governance - The company has established a governance structure that ensures independence from its controlling shareholder, maintaining separate operations and financial management[111]. - The board of directors includes members with extensive backgrounds in engineering and management, enhancing the company's strategic direction[119]. - The company is actively involved in the selection and election of board members to ensure effective governance and oversight[118]. - The company has established a comprehensive internal control system to ensure compliance, asset security, and accurate financial reporting, adapting to changing external and internal management requirements[160]. - The company has implemented a remuneration policy that aligns with the highest position held by directors and supervisors for their compensation[139]. Research and Development - Research and development expenses rose to 6,797 million yuan, an increase of 86.29% year-on-year, driven by increased investment in R&D by Yun Sulfide Mining[48]. - R&D investment increased by 90.42% year-on-year, from ¥36,483,497.96 in 2020 to ¥69,471,141.23 in 2021, representing 2.27% of operating revenue[70]. - The number of R&D personnel decreased by 40.65% from 310 in 2020 to 184 in 2021, with the proportion of R&D personnel in total employees dropping from 8.90% to 5.88%[70]. - The company is currently conducting research on several key projects aimed at improving resource utilization and reducing production costs[69]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 3,127, with 2,447 in production, 38 in sales, 269 in technical roles, 52 in finance, and 321 in administration[151]. - The company reported a total remuneration for the current and departing directors, supervisors, and senior management during the reporting period amounted to 1,000,000 CNY[139]. - The company has a structured remuneration management approach for senior management based on performance evaluations[139]. - The total number of outsourced labor hours was 424,793.5, with total payments for outsourced labor amounting to 8,165,045.17 yuan[155]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting CNY 1.32 billion[126]. - The company plans to invest CNY 200 million in technology upgrades over the next two years to improve operational efficiency[126]. - The company aims to produce 8.55 thousand tons of mechanism sugar and 126 thousand tons of sulfur concentrate in 2022, indicating a focus on expanding production capabilities[105]. - The company is focused on expanding its market presence and exploring new strategies for growth[113].

广西粤桂广业控股股份有限公司 2021 年第三季度报告 证券代码：000833 证券简称：粤桂股份 公告编号：2021-050 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 广西粤桂广业控股股份有限公司 2021 年第三季度报告 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。 重要内容提示: □ 是 √ 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | （7-9 月） | 增减 | （1-9 月） | 年同期增减 | | 营业收入（元） | 902,185,450.06 | 39.14% | 2,4 ...

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].