Financial Performance - The company's operating revenue for 2018 was CNY 1,105,114,406.76, representing a 2.06% increase compared to CNY 1,082,840,820.90 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 88,030,679.85, a decrease of 23.09% from CNY 114,453,599.41 in 2017[18]. - The net cash flow from operating activities significantly dropped by 84.16% to CNY 18,425,370.95 from CNY 116,321,574.54 in the previous year[18]. - Basic earnings per share decreased by 22.22% to CNY 0.21 in 2018, down from CNY 0.27 in 2017[18]. - Total assets at the end of 2018 were CNY 2,016,030,614.54, reflecting a 10.85% increase from CNY 1,818,649,924.17 at the end of 2017[18]. - The company's net assets attributable to shareholders increased by 1.43% to CNY 859,680,864.88 at the end of 2018, compared to CNY 847,589,422.29 at the end of 2017[18]. - The weighted average return on equity decreased to 10.31% in 2018 from 14.03% in 2017, indicating a decline in profitability[18]. - Non-current asset disposal loss in 2018 was -253,207.86, compared to a gain of 599,855.85 in 2017, indicating a significant decline[23]. - Government subsidies recognized in 2018 amounted to 14,572,924.42, down from 23,885,509.61 in 2017, reflecting a decrease of 38.66%[23]. Business Strategy and Focus - The company has shifted its main business focus from railway freight cars to composite reverse osmosis membrane business and related sectors since 2014[17]. - The company is focusing on high-performance separation membranes, benefiting from supportive policies during the 13th Five-Year Plan period[40]. - The company is actively exploring and promoting mergers and acquisitions to enhance its business development[40]. - The company plans to continue expanding its market presence and developing new technologies in the filtration industry[76]. - The company aims to enhance its market position in water treatment membrane materials and expand into energy membrane materials, transitioning to a global provider of separation membrane materials and services[96]. Research and Development - The company holds 93 valid patents, including 38 invention patents, showcasing its strong R&D capabilities in membrane technology[33]. - The company has obtained a total of 277 authorized patents, including 57 invention patents[38]. - Research and development expenses increased by 22.42% to ¥66,449,481.46, representing 6.01% of operating revenue[61]. - The number of R&D personnel increased by 6.03% to 123, with R&D personnel accounting for 9.79% of the total workforce[61]. Market and Revenue Breakdown - Revenue from the other chemical manufacturing sector was ¥661,322,475.18, accounting for 59.84% of total revenue, with a year-on-year growth of 6.52%[46]. - Revenue from the palm product manufacturing sector was ¥426,733,580.61, which decreased by 1.09% year-on-year[46]. - The net water equipment sector saw a significant decline in revenue, dropping by 92.62% to ¥1,177,553.98 from ¥15,957,214.16 in 2017[46]. - The Guizhou region contributed ¥945,515,318.13, representing 85.56% of total revenue, with a growth of 4.94% year-on-year[49]. Cash Flow and Investments - Operating cash flow decreased by 84.16% to ¥18,425,370.95, primarily due to an increase in accounts receivable[63]. - Financing cash inflow surged by 213% to ¥313,000,000.00, mainly from the issuance of corporate bonds worth ¥285 million[63]. - The company reported a net cash outflow from investment activities of ¥141,296,749.60, a slight improvement of 1.17% compared to the previous year[63]. - The total amount of cash and cash equivalents at year-end was ¥265,771,636.78, accounting for 13.18% of total assets[70]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations[198]. - There are no significant discrepancies between the company's governance practices and the regulatory guidelines issued by the China Securities Regulatory Commission[199]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finances[200]. Social Responsibility and Community Engagement - The company emphasized its commitment to social responsibility, focusing on employee rights, supplier and customer relations, and environmental protection initiatives[147][148]. - The company invested a total of CNY 19.4 million in poverty alleviation efforts, helping 3,934 registered impoverished individuals to escape poverty[152]. - The company is actively participating in the construction of a purified water plant in Guangming Village, which will benefit 2,747 rural residents, including 215 impoverished households[151]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,780, with 29,269 being ordinary shareholders[168]. - The largest shareholder, CR Industry Investment Co., Ltd., holds 42.64% of the shares, totaling 179,940,000 shares[168]. - The company has no strategic investors or general legal entities that became among the top 10 shareholders during the reporting period[170]. Employee Management and Development - The total number of employees in the company is 1,257, with 833 in production, 79 in sales, 153 in technical roles, 34 in finance, and 158 in administration[193]. - The company has implemented a performance-based salary system to drive business development[194]. - In 2019, the company plans to enhance employee training and talent reserves, focusing on production, technical, sales, and administrative roles[195].

南方汇通股份有限公司 2018 年第三季度报告正文 | 证券代码：000920 | 证券简称：南方汇通 | 公告编号：2018-039 | | --- | --- | --- | | 债券代码：112538 | 债券简称：17 汇通 01 | | | 债券代码：112698 | 债券简称：18 南方 01 | | 南方汇通股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄纪湘、主管会计工作负责人蔡志奇及会计机构负责人(会计主 管人员)黄峻声明：保证季度报告中财务报表的真实、准确、完整。 第 1 页 南方汇通股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | ...

南方汇通股份有限公司 2018 年半年度报告 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | 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 | | --- | --- | --- | --- | | 蔡志奇 | 董事、总经理 | 因公务原因出差在外 | 黄纪湘 | 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和 应对的措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请 投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 第 1 页 | 目录 | | --- | 2018 年 08 月 南方汇通股份有限公司 2018 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 公司负责人黄纪湘、主管会计工作负责人蔡志奇及会计机构负责人(会计主 管人员)黄峻声明：保证本半年度报告中财务报告的真实、准确、完整。 | 第一节 | 重要提示、目录和释义 1 | | -- ...

南方汇通股份有限公司 2018 年第一季度报告 2018 年 04 月 南方汇通股份有限公司 2018 年第一季度报告全文 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 | 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 | | --- | --- | --- | --- | | 蔡志奇 | 董事 | 因工作原因出差在外 | 黄纪湘 | 公司负责人黄纪湘、主管会计工作负责人朱洪晖及会计机构负责人(会计主 管人员)黄峻声明：保证季度报告中财务报表的真实、准确、完整。 第 1 页 南方汇通股份有限公司 2018 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,082,840,820.90, representing a 7.28% increase compared to CNY 1,009,380,053.24 in 2016[17]. - The net profit attributable to shareholders for 2017 was CNY 114,453,599.41, which is a 16.01% increase from CNY 98,657,200.20 in 2016[17]. - The net profit after deducting non-recurring gains and losses was CNY 101,200,211.02, up 25.74% from CNY 80,484,334.03 in 2016[17]. - The basic earnings per share for 2017 was CNY 0.27, an increase of 17.39% from CNY 0.23 in 2016[17]. - The total assets at the end of 2017 were CNY 1,818,649,924.17, a 1.76% increase from CNY 1,787,252,349.24 at the end of 2016[17]. - The net assets attributable to shareholders at the end of 2017 were CNY 847,589,422.29, reflecting an 8.10% increase from CNY 784,092,850.72 at the end of 2016[17]. - The weighted average return on equity for 2017 was 14.03%, up from 10.38% in 2016[17]. - The operating profit for the period was 155,767,300 CNY, an increase of 14.35% compared to the previous year[37]. - The company achieved a total operating revenue of 1,082,840,820.90 CNY, representing a year-on-year growth of 7.28%[41]. Cash Flow and Investments - The net cash flow from operating activities decreased by 38.43% to CNY 116,321,574.54 from CNY 188,916,358.29 in 2016[17]. - The cash and cash equivalents net increase was -51,915,116.61 CNY, a decline of 148.89% due to reduced net cash flow from operating and financing activities[41]. - The company invested a total of 96,110,000.00 in equity assets during the reporting period, including 59,000,000.00 in Guizhou CRRC Green Environmental Protection Co., Ltd.[30]. - Investment activity cash outflow increased by 20.60% to ¥271,537,762.85, indicating higher investment expenditures[61]. - The company raised a total of CNY 100 million through the issuance of corporate bonds, with a net amount of CNY 99 million after deducting issuance costs[80]. Revenue Breakdown - The revenue from the other chemical manufacturing sector was ¥620,827,669.47, accounting for 57.33% of total revenue, with a year-on-year growth of 4.81%[47]. - The revenue from the palm product manufacturing sector increased by 16.37% to ¥431,431,140.47, representing 39.84% of total revenue[43]. - The net water equipment industry saw a significant increase in revenue by 300.04%, reaching ¥15,957,214.16, up from ¥3,988,902.58 in 2016[43]. Research and Development - Research and development expenses amounted to 54,279,095.70 CNY, a decrease of 47.14% from the previous year due to the completion of several major projects[41]. - The number of R&D personnel increased by 4.50% to 116, while the proportion of R&D personnel decreased by 0.51% to 9.18%[59]. - The company aims to enhance R&D investment and market expansion efforts to improve product quality and stability, as well as to diversify its product offerings[91]. Market Position and Strategy - The company’s membrane business is positioned as a technology-driven industry, with significant advancements in product performance and a strong brand presence[27]. - The company is actively pursuing mergers and acquisitions, having evaluated nearly 140 projects during the reporting period[36]. - The company has established a sales network covering over 1,000 offline stores and online channels, enhancing brand recognition and reputation[33]. - The company plans to enhance its market position in water treatment membrane materials and expand into new energy membrane materials[89]. - The company is focusing on strengthening brand influence and market share in the palm fiber business while addressing risks associated with market competition and environmental policies[92]. Corporate Governance - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, with various internal management systems published on the Giant Tide Information Network[180]. - The independent directors attended all board meetings and did not raise any objections to company matters during the reporting period[186]. - The audit and risk management committee maintained continuous oversight of the company's internal controls and reviewed the 2017 annual financial report, ensuring its accuracy and completeness[188]. - The company received a standard unqualified audit report for its 2017 financial statements, reflecting a fair and true representation of its financial condition and operating results[192]. Social Responsibility and Community Engagement - During the reporting period, the company allocated RMB 10 million and attracted RMB 11 million in funds to assist 54 households and 230 individuals in poverty alleviation efforts[134]. - The company has helped 130 registered impoverished individuals achieve poverty alleviation through industrial development projects[137]. - The company plans to continue its poverty alleviation efforts in 2018 by sending a qualified cadre to assist in the development of raspberry and cattle industries in the targeted village[138]. Employee and Management Structure - The total number of employees in the company is 1,264, with 123 in the parent company and 1,141 in major subsidiaries[173]. - The company has implemented a performance-based salary system and established a comprehensive salary and performance evaluation mechanism[176]. - The management team includes professionals with backgrounds in business administration, polymer chemistry, and finance, ensuring a diverse skill set[162][165]. - The company has increased its investment in employee training, enhancing the quality of products and services based on customer needs[132]. Risks and Challenges - Potential risks include lower-than-expected returns on investment projects, prompting the company to strengthen project development and risk evaluation processes[90]. - The company is facing increased operational pressure due to rising raw material prices and intensified competition in the membrane business, leading to a decrease in product prices[91]. - The company is addressing the talent supply-demand imbalance in the membrane industry by implementing measures to prevent technology leakage and core talent loss[91].

南方汇通股份有限公司 2017 年第三季度报告正文 证券代码：000920 证券简称：南方汇通 公告编号：2017-029 南方汇通股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄纪湘、主管会计工作负责人朱洪晖及会计机构负责人(会计主 管人员)黄峻声明：保证季度报告中财务报表的真实、准确、完整。 1 南方汇通股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | 减：所得税影响额 | 702,809.84 | | | --- | --- | --- | | 少数股东权益影响额（税后） | 1,428,223.58 | | | 合计 | 4,347,200.89 | -- | 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司 ...

南方汇通股份有限公司 2017 年半年度报告 2017 年 8 月 南方汇通股份有限公司 2017 年半年度报告全文 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和 应对措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投 资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 第 1 页 第一节 重要提示、目录和释义 $$\mathbb{H}{\overline{{\mathbb{X}}}}$$ | 第一节 重要提示、目录和释义 1 | | --- | | 第二节 公司简介和主要财务指标 4 | | 第三节 公司业务概要 7 | | 第四节 经营情况讨论与分析 10 | | 第五节 重要事项 19 | | 第六节 股份变动及股东情况 26 | | 第七节 优先股相关情况 30 | | 第八节 董事、监事、高级管理人员情况 31 | | 第九节 公司债相关情况 32 | | 第十节 财务报告 36 | | 第十一节 备查文件目录 138 | 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确 ...

南方汇通股份有限公司 2017 年第一季度报告正文 证券代码：000920 证券简称：南方汇通 公告编号：2017-014 南方汇通股份有限公司 2017 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄纪湘、主管会计工作负责人朱洪晖及会计机构负责人(会计主 管人员)黄峻声明：保证季度报告中财务报表的真实、准确、完整。 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 247,975,925.71 | 238,137,132.82 | 4.13% | | 归属于上市公司股东的净利润（元） | 33,073,431.13 | 29,884,566.60 | 10.67% | | 归属于上市公司股东的扣除非经常性 损益的净利润（元） | 33,394,764.79 | 27,103,948 ...

南方汇通股份有限公司 2016 年第三季度报告正文 证券代码：000920 证券简称：南方汇通 公告编号：2016-073 南方汇通股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄纪湘、主管会计工作负责人朱洪晖及会计机构负责人(会计主 管人员)黄峻声明：保证季度报告中财务报表的真实、准确、完整。 南方汇通股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 1,759,167,645.74 | 1,673,154,052.93 | | 5.14% | | 归属于上市公司股东 ...

2016 年半年度报告 报出日期：2016 年 8 月 23 日 南方汇通股份有限公司 2016 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人黄纪湘、主管会计工作负责人朱洪晖及会计机构负责人(会计主 管人员)黄峻声明：保证本半年度报告中财务报告的真实、准确、完整。 第 1 页 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 1 | | --- | --- | | 第二节 | 公司简介 4 | | 第三节 | 会计数据和财务指标摘要 6 | | 第四节 | 董事会报告 8 | | 第五节 | 重要事项 15 | | 第六节 | 股份变动及股东情况 22 | | 第七节 | 优先股相关情况 26 | | 第八节 | 董事、监事、高级管理人员情况 27 | | 第九节 | 财务报告 28 | | 第十节 | 备查文件目录 124 | ...