宁糖业股份有限公司 Nanning Sugar Industry CO.,LTD. 南 | --- | --- | |------------|--------| | | | | 证券代码： | 000911 | | 债券代码： | 112109 | | | | | 债券代码： | 114276 | | 债券代码： | 114284 | | --- | --- | |-----------------------|----------------------------------------| | | | | | | | 证券简称： 债券简称： | *ST南糖 债券简称：12南糖债 17南糖债 | | 债券简称： | 17南糖02 | 公告编号：2019-052 南宁糖业股份有限公司 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内容的真实、准确和完整，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，南宁糖业股份有限公司（以下简 称"公司"）将参加由广西上市协会、上证所信息网络有限公司、深圳市全 景网络有限公司共同举办的"2019 年广西地区上市公司投资者 ...

南宁糖业股份有限公司 2019 年第一季度报告全文 南宁糖业股份有限公司 2019 年第一季度报告 2019 年 04 月 1 南宁糖业股份有限公司 2019 年第一季度报告全文 2 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 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 孙卫东 独立董事 公务请假 梁戈夫 南宁糖业股份有限公司 2019 年第一季度报告全文 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 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。 公司负责人肖凌、主管会计工作负责人谢电邦及会计机构负责人(会计主管 人员)黄新声明：保证季度报告中财务报表的真实、准确、完整。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 854,269,894.14 | 696,840,007.07 | 22 ...

Financial Performance - Nanning Sugar Industry Co., Ltd. reported a revenue of RMB 1.2 billion for the fiscal year 2018, representing a year-on-year increase of 15%[13]. - The company achieved a net profit of RMB 150 million in 2018, which is a 20% increase compared to the previous year[13]. - The company's operating revenue for 2018 was CNY 3,598,250,679.5, representing a 23.80% increase compared to the previous year[19]. - The net profit attributable to shareholders was a loss of CNY 1,363,041,771.90, a significant decline of 603.93% from the previous year[19]. - The cash flow from operating activities improved to CNY 395,242,458.35, a 145.90% increase compared to the previous year[20]. - The basic and diluted earnings per share were both CNY -4.21, reflecting a decrease of 601.67% year-on-year[20]. - The total assets at the end of 2018 were CNY 5,816,215,829.5, down 21.28% from the previous year[20]. - The company reported a significant increase in non-operating income, totaling CNY 82,807,964.43 for 2018[26]. - The company reported a total revenue of CNY 3,598,250,679.55 in 2018, representing a year-on-year increase of 23.8%[44]. - The net profit attributable to shareholders was CNY -136,304,000, a decrease of 603.94% compared to the previous year[44]. Production and Sales - Nanning Sugar's sugar production volume for the year was 300,000 tons, marking a 12% increase from the previous year[13]. - The company produced a total of 600,200 tons of mechanism sugar during the reporting period, including 538,900 tons from sugarcane[29]. - The sugar sales volume reached 624,095.94 tons, an increase of 56.79% from 398,684.34 tons in 2017[50]. - The company completed a sugarcane planting area of 1,005,100 acres, an increase of 11,000 acres or 1.11% year-on-year[40]. - The company’s sugar production cost increased by 64.21% compared to the previous year, leading to a gross margin decrease of 7.79% in the sugar segment[49]. Market Position and Strategy - The company has established strategic partnerships with local farmers to secure a stable supply of raw materials[13]. - The company's market share in Guangxi increased to 9.87% from 8.84% in 2017, while the national market share rose to 5.77% from 4.83% in 2017[32]. - The company is focusing on developing new products, including organic sugar, to meet changing consumer preferences[13]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[13]. - The company aims to achieve a strategic goal of "building a hundred billion sugar enterprise" by expanding its sugar production and related industries[39]. Investment and Technology - Nanning Sugar is investing RMB 200 million in new technology for sugar production to enhance efficiency and reduce costs[13]. - The company has completed over 40 major technological innovation projects since the establishment of its technology center in 2000[36]. - The company has implemented several technological upgrades, resulting in a reduction of 253 labor positions and significant energy savings, with coal consumption per hundred tons of sugarcane decreasing by 11.61%[58]. - The company plans to invest CNY 50 million in the upgrade of the boiler at the Mingyang Sugar Factory as part of the sugar production capacity enhancement project[76]. Risk Management - The company is engaged in hedging activities related to white sugar to manage business risks[30]. - The company has established a hedging management system to strengthen internal controls and risk prevention measures for its sugar hedging activities[71]. - The company faces operational risks due to rising sugar production costs and potential declines in sugar prices, which could lead to significant losses[90]. - The sugar production cost is significantly influenced by sugarcane prices, which account for over 70% of the total production cost[84]. Corporate Governance and Compliance - The company has a commitment to ensuring that any future business activities do not create substantial competition with its main sugar business[99]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[99]. - The company has not reported any integrity issues concerning its controlling shareholders or actual controllers during the reporting period[113]. - The company has a strong governance structure with independent directors and supervisors actively involved in oversight[188]. Social Responsibility and Environmental Protection - The company has a commitment to environmental protection, with specific measures in place to monitor and control pollutant emissions[140]. - The company achieved a 100% compliance rate for the discharge of various pollutants during the reporting period[142]. - The company has implemented a poverty alleviation plan focusing on developing a diversified industry system to support impoverished areas[132]. - The company invested a total of 42.88 million yuan in poverty alleviation efforts, helping 1,755 registered impoverished individuals to escape poverty[135]. Legal and Regulatory Matters - The company reported a litigation case involving an amount of 54.98 million RMB, which is currently pending in court[109]. - The company is pursuing legal action against Guangzhou Guangshunlong Import and Export Co., Ltd. for an outstanding payment of 37,473,300 yuan[111]. - The company has appointed Ruihua Certified Public Accountants as its auditor for the 2018 annual report, with an audit fee of 400,000 RMB[107]. - The company has not faced any situations that could lead to suspension or termination of its listing[108].

Financial Performance - Total assets decreased by 7.84% to CNY 6,809,225,537.16 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 46.20% to CNY 753,733,903.08 compared to the end of the previous year[8] - Operating revenue increased by 68.77% to CNY 2,846,456,915.89 year-to-date[8] - Net profit attributable to shareholders was a loss of CNY 151,661,335.69, a decrease of 406.77% compared to the same period last year[8] - Basic earnings per share decreased by 422.22% to CNY -0.47[8] Operating Costs and Expenses - Operating costs increased by 96.71% year-on-year, primarily due to increased product sales[17] - Financial expenses increased by 22.45% year-on-year due to an increase in total borrowings and rising bank loan interest rates[17] - Sales expenses increased by 41.38% year-on-year due to increased production and sales volumes[17] Legal Matters - The company is pursuing legal action against Guangxi Nanning Puxiding Trade Co., Ltd. and others for a total of CNY 37.47 million in unpaid commercial acceptance bills, with the total claim including penalties and legal fees amounting to CNY 41.85 million[18] - The company has initiated a lawsuit against Guangxi Fufang Investment Co., Ltd. for performance compensation due to unmet profit commitments for the years 2016-2018, totaling CNY 51.12 million, plus overdue penalties of CNY 3.87 million[20] - The company is involved in arbitration with Anxing Paper Co., Ltd. regarding unilateral cessation of operations at a joint venture, claiming economic losses and legal fees totaling CNY 13.87 million[20] Government Support and Initiatives - The company has received government subsidies for the "Double High" sugarcane base construction, indicating support for its agricultural initiatives[21] - The company plans to transfer its stake in Guangxi Nannan Aluminum Foil Co., Ltd., indicating potential market expansion or restructuring[22] - The company’s wholly-owned subsidiary, Nanning Yun'ao Logistics Co., Ltd., has become a designated warehouse for sugar at Zhengzhou Commodity Exchange, enhancing its logistics capabilities[22] Compliance and Financial Strategy - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period, indicating compliance with obligations[23] - There are no significant changes expected in the company's net profit for the year, suggesting stability in financial performance[24] - The company has not engaged in any securities investments or entrusted financial management during the reporting period, maintaining a conservative financial strategy[25] Risk Management and Derivative Investments - The company is involved in derivative investments, reflecting a strategy to manage financial risks[26] - The company reported a total derivative investment amount of 1,497.06 million, with a net asset value of 0.00% change during the reporting period[27] - The company implemented risk control measures through white sugar hedging to mitigate the impact of price fluctuations on normal operations[28] - The company has established a hedging management system to strengthen internal controls and risk prevention measures for white sugar hedging activities[28] - The company emphasizes the importance of understanding national policies and regulations to adjust hedging strategies accordingly[28] - The company plans to use self-owned funds for futures market hedging activities to control risks effectively[28] - The company aims to select main contracts for hedging operations and prefers to use long-term contracts for better risk management[28] Accounting Policies - There were no significant changes in the accounting policies and principles for derivatives compared to the previous reporting period[29] Investor Relations - The company conducted a field survey on August 14, 2018, with institutional investors to discuss operational strategies[29] External Guarantees and Fund Occupation - There were no violations regarding external guarantees during the reporting period[30] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[31]

Financial Performance - The company's operating revenue for 2015 was ¥3,138,423,356.73, representing a 16.55% increase compared to ¥2,692,885,366.76 in 2014[20] - The net profit attributable to shareholders for 2015 was ¥59,804,932.10, a significant recovery from a loss of ¥286,667,055.70 in 2014, marking a 120.88% increase[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2015 was -72,072,955.64 CNY, a decrease of 77.38% compared to -318,440,570.50 CNY in 2014[21] - The net cash flow from operating activities for 2015 was 171,452,197.47 CNY, an increase of 118.62% compared to -920,776,347.55 CNY in 2014[21] - The basic earnings per share for 2015 was 0.19 CNY, a significant improvement of 119.00% from -1.00 CNY in 2014[21] - Total assets at the end of 2015 were 5,685,007,323.49 CNY, representing a 26.14% increase from 4,507,064,766.56 CNY at the end of 2014[21] - The net assets attributable to shareholders at the end of 2015 were 1,592,677,515.30 CNY, up 49.31% from 1,066,688,429.33 CNY at the end of 2014[21] - The company achieved a net profit of ¥54,255,481.75 from investment income, which accounted for 113.20% of total profit[65] - The company's EBITDA increased significantly by 1,723.83% year-on-year, reaching ¥34,603.82 million in 2015 compared to ¥1,897.32 million in 2014[157] - The net cash flow from investing activities decreased by 183.02% year-on-year, resulting in a net outflow of ¥87,081.62 million in 2015, while there was a net inflow of ¥104,895.66 million in 2014[157] - The net cash flow from financing activities increased by 298.31% year-on-year, amounting to ¥69,014.38 million in 2015, driven by a non-public stock issuance raising ¥5.07 billion and increased bank loans[158] Business Operations - The company has expanded its business scope to include the production and sale of food additives, specifically calcium oxide, as of May 27, 2015[18] - The company produced a total of 503,000 tons of mechanism sugar in 2015, including 486,700 tons of white sugar and 16,300 tons of red sugar[30] - The sugar industry contributed CNY 2,674,307,785.53, accounting for 85.21% of total revenue, with a year-on-year growth of 22.09%[48] - The paper industry revenue decreased by 31.67% to CNY 376,953,707.42, representing 12.01% of total revenue[48] - The transportation sector saw a significant increase in revenue by 115.86%, reaching CNY 280,678,393.66, which accounted for 8.94% of total revenue[48] - The company achieved a sugar sales volume of 546,500 tons with an average selling price of 5,261.24 yuan per ton, holding a 7.51% market share in Guangxi and 4.55% nationwide[43] - The company ranks fifth in sugar production within Guangxi for the 2014/2015 sugar production period[33] - The company has been recognized with multiple awards, including two Chinese famous brands and four national inspection-free products[37] Investments and Acquisitions - The company acquired 75% equity of Guangxi Huanjiang Yuanfeng Sugar Industry Co., Ltd. for 60 million yuan[35] - The company invested 105.19 million yuan in the boiler energy-saving technology upgrade and the first phase of the 10,000 tons cane processing project, resulting in fixed assets of 88.91 million yuan[35] - The company successfully auctioned fixed assets from Guangxi Yongkai Paper Group for 215.58 million yuan[35] - The company has ongoing significant non-equity investments, with a total investment of ¥624,780,090 for the sugar production and sales project, which is fully funded by the company's own resources[74] - The company completed the acquisition of a 75% stake in Guangxi Huanjiang Yuanfeng Sugar Industry Co., Ltd., enhancing its operational capacity[140] Market and Competition - The company's market share in Guangxi was 7.51%, while the national market share was 4.55%[33] - The sales model is transitioning from primarily direct sales to a combination of direct and distribution sales due to the impact of declining sugar prices[31] - The company is exposed to competition from both domestic and foreign sugar producers, which has intensified in recent years[92] - The company is actively seeking opportunities for cross-regional expansion to mitigate the impact of the current market downturn[89] Risk Management - The report includes a detailed section on future development and operational risks, emphasizing the importance of investor awareness regarding potential risks[5] - The company faces risks from natural disasters affecting sugarcane supply, which is critical for sugar production[90] - The company is affected by the linkage policy between sugarcane prices and sugar prices, which can lead to operational risks if sugar prices decline significantly[91] Corporate Governance - The company has maintained its status as a publicly listed entity without changes in its controlling shareholder[18] - The company has not engaged in any securities or derivative investments during the reporting period[76][77] - The company has not reported any changes in the use of raised funds during the reporting period[79] - The company has not encountered any significant changes in project feasibility or funding allocation during the reporting period[83] - The company has no stock incentive plans or employee shareholding plans in place[115] Shareholder Information - The largest shareholder, Nanning Zhenning Asset Management Co., Ltd., holds 42.20% of the shares, totaling 136,768,800 shares[176] - The company has a total of 41,542 shareholders at the end of the reporting period[176] - The company reported no changes in its controlling shareholder during the reporting period[179] - The actual controller, Nanning Municipal Government State-owned Assets Supervision and Administration Commission, holds 18.23% of Nanning Department Store Co., Ltd.[180] Future Outlook - The company plans to continue expanding its market presence and enhancing its production capabilities through strategic investments and upgrades[74] - The company expects a revenue guidance of CNY 1.8 billion for the next fiscal year, indicating a growth target of 20%[190] - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 15% over the next three years[190]

Financial Performance - Nanning Sugar Industry Co., Ltd. reported no cash dividends, stock bonuses, or capital increases from reserves for the year[7]. - The company's operating revenue for 2017 was ¥2,906,420,912.16, a decrease of 19.01% compared to ¥3,588,819,665.40 in 2016[21]. - The net profit attributable to shareholders was -¥193,633,993.08, representing a decline of 1,152.44% from a profit of ¥18,398,585.03 in 2016[21]. - The net cash flow from operating activities was -¥861,174,309.73, a decrease of 329.18% compared to ¥375,760,457.50 in 2016[21]. - The diluted earnings per share for 2017 was -¥0.60, a decrease of 1,100.00% from ¥0.06 in 2016[22]. - In 2017, the company achieved a total revenue of CNY 2,906,420,912.16, a decrease of 19.01% compared to the previous year[48]. - The net profit attributable to shareholders was CNY -19,363,400, a decline of 1,152.44% year-on-year[48]. - Sugar sales volume reached 398,684.34 tons, down 30.84% from 576,472.98 tons in 2016[55]. - The company's sugar production volume was 484,319.27 tons, a decrease of 12.60% from 554,139.49 tons in 2016[55]. - The company's logistics subsidiary has achieved a storage capacity of over 200,000 tons, enhancing its supply chain capabilities[47]. Market Position and Strategy - The sugar industry in China is experiencing significant growth potential, driven by increasing consumption and the development of the food and beverage sectors[34]. - The company's sugar sales market share in Guangxi increased to 8.84% in 2017, up from 7.83% in 2016, representing a growth of 1.01 percentage points[35]. - The national market share for the company's products rose to 4.83% in 2017, compared to 4.6% in 2016, an increase of 0.23 percentage points[35]. - The company aims to achieve a strategic goal of becoming a 10 billion yuan sugar enterprise by expanding its main sugar business[44]. - The company plans to continue its strategy of optimizing existing operations while expanding new growth areas, aiming for a "CNY 10 billion sugar" target[48]. - The company is actively seeking opportunities for cross-regional expansion amid a downturn in the sugar market[100]. - The company is focusing on optimizing its industrial structure and diversifying its product offerings to enhance competitiveness[99]. Production and Operations - The company produced 484,300 tons of mechanism sugar in 2017, including 432,900 tons from sugarcane and 51,400 tons of trade sugar[32]. - The area planted with sugarcane reached 994,000 acres in 2017, an increase of 92,300 acres or 10.2% compared to the previous year[44]. - The company has established 364,000 acres of "double high" bases for sugarcane cultivation, with 212,000 acres from land transfer and 152,000 acres from farmer-led initiatives[44]. - The company completed over 40 major technological innovation projects since the establishment of its technology center in 2000[39]. - The company has implemented policies to support sugarcane farmers, including guaranteed cane prices to enhance planting enthusiasm[44]. Financial Management and Investments - The company reported a total of 272,511,520.07 CNY in restricted cash due to various guarantees[73]. - The total amount of investment income was ¥23,480,404.20, contributing 10.04% to the total profit[68]. - The company reported a 32.30% increase in cash inflow from financing activities, totaling ¥5,387,213,107.60 in 2017[66]. - The total procurement amount from the top five suppliers was ¥750,567,024.87, accounting for 22.38% of the annual procurement total[60]. - The company has engaged in various strategic partnerships and investments to expand its market presence in the sugar industry[75]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[148]. - The total COD discharge from the company is reported at 6.59 tons per year, with no exceedance of discharge standards[148]. - The company has a total SO2 discharge of 26.58 tons per year, which is within the regulatory limits[148]. - The company has implemented an environmental protection management assessment system for its sugar factories to ensure compliance with current discharge standards[150]. - The company has established an emergency response plan for environmental incidents, which was revised and approved by the Nanning Environmental Protection Bureau in June 2017[151]. Corporate Governance and Shareholder Relations - The company has committed to avoiding conflicts of interest and ensuring the protection of minority shareholders' rights in its future operations[112]. - The company has not proposed any plans for capital reserve transfers or stock dividends in the past three years[111]. - The company has maintained the same accounting policies and estimates compared to the previous financial report, with no changes noted[119]. - The company has confirmed that there are no similar businesses that could lead to substantial competition with Nanning Sugar Industry in the future[116]. - The company has not faced any penalties or rectification issues during the reporting period[127]. Subsidiaries and Related Party Transactions - The subsidiary Nanning Qiaohong New Materials Co., Ltd. reported a net profit of 9,054.57 million CNY, contributing over 10% to the company's net profit[94]. - The company reported significant related party transactions, with procurement from Guangxi Boxuan Food Co., Ltd. amounting to 186,893,400 CNY, representing 40.39% of similar transactions[129]. - The company has no significant related party transactions during the reporting period, including asset or equity acquisitions and joint external investments[132][133]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on market expansion strategies[188]. - The company plans to expand its market presence by entering two new provinces, aiming for a 5% market share increase in these regions within the next year[188]. - A strategic acquisition of a local competitor is in progress, expected to enhance production capacity by 30% and reduce operational costs by 10%[188]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years through improved production processes[188].

Financial Performance - The company's operating revenue for 2016 was ¥3,588,819,665.40, representing a 14.35% increase compared to ¥3,138,423,356.73 in 2015[21]. - The net profit attributable to shareholders for 2016 was ¥18,398,585.03, a significant decrease of 69.24% from ¥59,804,932.10 in 2015[21]. - The net cash flow from operating activities increased by 119.16% to ¥375,760,457.50 in 2016, up from ¥171,452,197.47 in 2015[21]. - The total assets at the end of 2016 were ¥6,713,388,300.58, an 18.09% increase from ¥5,685,007,323.49 at the end of 2015[22]. - The company's basic earnings per share for 2016 was ¥0.06, down 68.42% from ¥0.19 in 2015[21]. - The weighted average return on equity for 2016 was 1.19%, a decrease of 3.22% from 4.41% in 2015[21]. - The company's revenue for 2016 was 358.82 million yuan, a year-on-year increase of 14.35%, while net profit attributable to shareholders decreased by 68% to 18.4 million yuan[47]. - Total revenue for 2016 reached ¥3,588,819,665.40, a year-on-year increase of 14.35% compared to ¥3,138,423,356.73 in 2015[50]. Business Operations - The company’s business scope has expanded over the years to include various products such as paper and food additives[20]. - The company engaged in direct sales and distribution for sugar sales, with prices determined based on market conditions[33]. - The company plans to leverage its position in Guangxi, the largest sugar production province in China, to capitalize on the growing sugar consumption market[34]. - The company achieved a sugar sales volume of 57.65 thousand tons in 2016, with an average selling price of 6,369 yuan per ton[44]. - The company expanded its sugarcane planting area to 988 thousand acres, an increase of 12.15 thousand acres or 14% year-on-year, ranking first in the region[43]. - The company has constructed 200 thousand acres of "double high" bases to improve raw material self-sufficiency[43]. - The company has implemented a "going out" strategy, actively participating in domestic and international sugar asset investments[44]. Investment and Financing - The company has invested in the Nanning Sugar Industry M&A Fund, successfully acquiring 70% stakes in multiple food companies in Guangxi[44]. - The total amount of funds raised was RMB 50,732.47 million, with a net amount of RMB 47,542.73 million after deducting issuance costs of RMB 3,189.74 million[80]. - As of the end of 2016, RMB 9,955.88 million had been used from the raised funds, with a cumulative total of RMB 38,934.06 million utilized, leaving a remaining balance of RMB 8,719.68 million[80]. - The company reported a significant decrease in investment income to ¥1,110,640.05, which accounted for only 3.33% of total profit[66]. - The company has established a hedging management system to mitigate risks associated with white sugar price fluctuations, ensuring the protection of shareholder interests[77]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a substantive commitment to investors, highlighting the importance of investment risk awareness[6]. - The company’s future development and operational risks, along with corresponding countermeasures, are detailed in the report[6]. - The company plans to continue its focus on risk control through white sugar hedging operations to stabilize production and operations[77]. - The company has implemented measures to strengthen internal controls and risk prevention related to its hedging activities[77]. Shareholder Information - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[105]. - The largest shareholder, Nanning Zhenning Asset Management Co., Ltd., holds 42.20% of the total shares, amounting to 136,768,800 shares[161]. - The company has not reported any pledged or frozen shares among the top shareholders[161]. - The total number of ordinary shareholders at the end of the reporting period was 44,426[161]. - The company has not engaged in any repurchase transactions among the top 10 shareholders during the reporting period[163]. Corporate Governance - The company has maintained a stable leadership structure with no shareholding changes among directors and supervisors[171]. - The company’s chairman has been in position since February 2015, indicating continuity in leadership[173]. - The company has established effective information disclosure management systems to ensure timely and accurate information dissemination to shareholders[191]. - The company has a system in place to protect the rights of minority shareholders and ensure equal rights for all shareholders[189]. Employee Information - The total number of employees in the company is 4,885, with 2,831 in the parent company and 2,054 in major subsidiaries[183]. - The professional composition includes 3,330 production personnel, 274 sales personnel, 483 technical personnel, 102 financial personnel, and 696 administrative personnel[184]. - The total pre-tax remuneration for directors and senior management during the reporting period amounts to 366.39 million yuan[182]. - The company has established a comprehensive talent development plan for 2016-2020 and an annual human resources training plan to enhance employee education and training[186]. Legal and Compliance - The company reported a litigation case involving Guangxi De Bao Hua Hong Sugar Industry Co., with a claim amount of 6,370,150 RMB (approximately 0.637 million) and a court ruling that dismissed the case[112]. - There were no penalties or rectifications during the reporting period, indicating a clean compliance record[113]. - The company has not faced any situations that could lead to suspension or termination of its listing following the annual report disclosure[110].

Financial Performance - The company's operating revenue for the reporting period was ¥1,664,297,178.05, representing a 39.49% increase compared to ¥1,193,154,646.52 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥496,047,928.39, a significant decline of 580.69% from -¥72,583,564.08 in the previous year[18]. - The net cash flow from operating activities was -¥1,203,242,127.62, which is a 7.63% increase in outflow compared to -¥1,117,960,446.99 in the same period last year[18]. - The basic and diluted earnings per share were both -¥1.53, reflecting a 595.45% decrease from -¥0.22 in the previous year[18]. - The weighted average return on net assets was -43.02%, a decrease of 42.97% compared to -0.05% in the previous year[18]. - The cumulative sales of sugar in the current production period reached 575,298 tons, with a sales rate of 55.8%, down from 64.94% in the previous period[37]. - The company reported a total non-recurring gains and losses of CNY 59,227,632.96, primarily from government subsidies amounting to CNY 59,711,956.98[22]. - The total operating costs amounted to CNY 2,173,035,716.75, compared to CNY 1,336,943,511.60 in the prior period, indicating a significant rise in costs[178]. - The net profit for the first half of 2018 was a loss of CNY 506,509,041.07, worsening from a loss of CNY 75,606,025.19 in the same period last year[178]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,664,694,459.80, marking a 3.73% increase from ¥7,375,377,324.43 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased to ¥904,990,466.87, a decline of 35.41% from ¥1,402,249,567.97 at the end of the previous year[18]. - The company's total liabilities reached CNY 6,647,416,088.09, compared to CNY 5,836,050,278.87 at the beginning of the period[175]. - The company's total assets at the end of the reporting period were CNY 7,608,897,636.67, up from CNY 7,242,464,738.97 at the beginning of the period[175]. - The company's equity attributable to shareholders decreased to CNY 961,481,548.58 from CNY 1,406,414,460.10[175]. - The company's total liabilities were reported at 3,000,000,000.00 CNY, indicating a leverage ratio that may affect financial stability[197]. Production and Sales - The company's main business remains the production and sales of refined sugar, with a production volume of 461,500 tons, an increase of 57.38% compared to the same period last year, which was 293,200 tons[25]. - The company's mechanism sugar production increased by 57.38% to 461,500 tons from 293,200 tons in the previous year[38]. - The sugar sales are conducted through direct sales and distribution, with prices determined based on market conditions, referencing major sugar trading markets[26]. - The company is positioned in the largest sugar production province in China, Guangxi, which accounts for approximately 60% of the national sugar production[28]. Investments and Financial Management - The company invested CNY 108,061,316.12 during the reporting period, a substantial increase of 310.91% compared to the previous year[50]. - The company reported a financial expense of CNY 129,950,963.66, which is a 22.38% increase from CNY 106,182,884.65 in the previous year[40]. - The company has a total of 1 continuous discharge outlet for wastewater and 2 for exhaust gas[107]. - The company has provided a loan guarantee of 300 million RMB for its wholly-owned subsidiary, Daqiao Sugar Company, for a period of two years[119]. - The company has also provided a guarantee of 500 million RMB for its subsidiary, Yun'ou Logistics, for a duration of 10 years[119]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements about future plans and strategies[4]. - The company faces risks from sugar price fluctuations, which can significantly impact its operational performance[62]. - The company is also exposed to raw material supply risks due to potential natural disasters affecting sugarcane production[62]. - The company has established a risk management system to control risks associated with white sugar futures hedging, ensuring compliance with relevant laws and regulations[55]. Environmental and Social Responsibility - Nanning Sugar Industry Co., Ltd. is classified as a key pollutant discharge unit by environmental protection authorities[107]. - The company has continuously improved its environmental protection measures, including the installation of online monitoring systems for wastewater and exhaust emissions[111]. - The company has implemented measures to ensure that emissions do not exceed the regulatory limits for pollutants[107]. - The company has actively engaged in social responsibility initiatives, including sending staff to assist in poverty alleviation efforts in designated villages[113]. - The company allocated a total of 188,900,000 RMB for poverty alleviation efforts, with 1,735 registered impoverished individuals lifted out of poverty[114]. Corporate Governance and Compliance - The company is currently engaged in a non-public issuance of A-shares, with a focus on compliance and transparency regarding real estate activities[77]. - The company has pledged to minimize related party transactions and ensure fair market pricing in dealings with Nanning Sugar Industry and its subsidiaries[76]. - The company has committed to adhering to legal decision-making procedures for any future related party transactions, ensuring timely and detailed information disclosure[76]. - The company has not been subject to any administrative penalties or investigations related to illegal activities as of the date of the report[80]. Future Plans and Strategies - The company aims to achieve a raw material supply of over 5.5 million tons of sugarcane for the main production season[61]. - The company plans to enhance its sugar production capacity to over 1 million tons through resource integration and modernization[61]. - The company is focusing on optimizing its industrial structure to develop diversified sugar products and extend its product line[60]. - The company plans to continue enhancing support for farmers to ensure stable income growth in the second half of 2018[115].

南宁糖业股份有限公司 2017 年年度报告全文 南宁糖业股份有限公司 2017 年年度报告 2018 年 03 月 1 南宁糖业股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人肖凌、主管会计工作负责人谢电邦及会计机构负责人(会计主管 人员)黄新声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | 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 | | --- | --- | --- | --- | | 许春明 | 独立董事 | 因公务请假 | 陈永利 | | 梁戈夫 | 独立董事 | 因公务请假 | 孙卫东 | 本报告中所涉及的公司未来计划、发展战略等前瞻性描述不构成公司对投 资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异，敬请投资者注意投资风险。 不适用。 公司计划不派发现金红 ...

南宁糖业股份有限公司 2018 年第一季度报告正文 证券代码：000911 证券简称：南宁糖业 公告编号：2018-032 南宁糖业股份有限公司 2018 年第一季度报告正文 1 南宁糖业股份有限公司 2018 年第一季度报告正文 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。 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 | 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 | | --- | --- | --- | --- | | 丁润声 | 董事 | 因公务请假 | 周日交 | 公司负责人肖凌、主管会计工作负责人谢电邦及会计机构负责人(会计主管 人员)黄新声明：保证季度报告中财务报表的真实、准确、完整。 2 南宁糖业股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | | 本报告期 | 上年同期 | 本报告期比上 年同期增减 | | --- | -- ...