山西蓝焰控股股份有限公司 2020 年年度报告全文 山西蓝焰控股股份有限公司 2020 年年度报告 2021-016 2021 年 04 月 1 山西蓝焰控股股份有限公司 2020 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。 公司负责人董文敏、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证本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 \n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 | | 刘家治 | ...

山西蓝焰控股股份有限公司 2020 年半年度报告全文 山西蓝焰控股股份有限公司 2020 年半年度报告 2020-043 2020 年 08 月 1 山西蓝焰控股股份有限公司 2020 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。 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证本半年度报告中财务报告的真实、准确、完整。 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"公司面临的风险和应对措施" 部分描述了公司经营中可能面临的风险及公司应对措施，敬请查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 山西蓝焰控股股份有限公司 2020 年半年度报告全文 目录 | --- | --- | |-------------------------------------------------------------------------------------|-- ...

山西蓝焰控股股份有限公司 2020 年第一季度报告全文 山西蓝焰控股股份有限公司 2020 年第一季度报告 2020-026 2020 年 04 月 1 山西蓝焰控股股份有限公司 2020 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 | | 刘家治 | 董事 | 工作原因 | 杨军 | | 余春宏 | 独立董事 | 工作原因 | 石悦 | | 武惠忠 | 独立董事 | 工作原因 | 石悦 | 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证季度报告中财务报表的真实、准 ...

山西蓝焰控股股份有限公司 2019 年年度报告全文 山西蓝焰控股股份有限公司 2019 年年度报告 2020-018 2020 年 04 月 1 山西蓝焰控股股份有限公司 2019 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。 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：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 | | 刘家治 | 董事 | 工作原因 | 杨军 | | 余春宏 | 独立董事 | 工作原因 | 石悦 | | 武惠忠 | 独立董事 | 工作原因 | 石 ...

山西蓝焰控股股份有限公司 2019 年第三季度报告全文 山西蓝焰控股股份有限公司 2019 年第三季度报告 2019-051 2019 年 10 月 1 山西蓝焰控股股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证季度报告中财务报表的真实、准确、完整。 2 山西蓝焰控股股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|----- ...

山西蓝焰控股股份有限公司 2019 年半年度报告全文 山西蓝焰控股股份有限公司 2019 年半年度报告 2019-037 2019 年 08 月 1 山西蓝焰控股股份有限公司 2019 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。 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证本半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 武惠忠 独立董事 外地出差 石悦 本半年度报告涉及未来计划等前瞻性陈述，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。 公司在本报告第四节经营情况讨论与分析中"公司面临的风险和应对措施" 部分描述了公司经营中可能面临的风险及公司应对措施，敬请查阅。 公司经本次董事会审议通过的利润分配预案为： ...

山西蓝焰控股股份有限公司 2019 年第一季度报告全文 山西蓝焰控股股份有限公司 2019 年第一季度报告 2019-016 2019 年 04 月 1 山西蓝焰控股股份有限公司 2019 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王保玉、主管会计工作负责人杨存忠及会计机构负责人(会计主 管人员)杨存忠声明：保证季度报告中财务报表的真实、准确、完整。 2 山西蓝焰控股股份有限公司 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 √ ...

Financial Performance - Shanxi Blue Flame Holding Company reported a significant increase in revenue, achieving a total of RMB 1.2 billion in 2018, representing a year-on-year growth of 15%[18]. - The company’s net profit for the year reached RMB 200 million, marking a 25% increase compared to the previous year[18]. - The company's operating revenue for 2018 was ¥2,333,339,560.45, representing a year-on-year increase of 22.57% compared to ¥1,903,715,372.39 in 2017[25]. - The net profit attributable to shareholders for 2018 was ¥678,589,075.71, an increase of 38.66% from ¥489,404,571.49 in 2017[25]. - The net profit after deducting non-recurring gains and losses was ¥673,222,236.52, up 39.81% from ¥481,527,652.03 in 2017[25]. - The basic earnings per share increased by 32.08% to ¥0.700 in 2018 from ¥0.530 in 2017[25]. - The total assets at the end of 2018 were ¥7,978,855,888.63, an increase of 8.52% from ¥7,352,692,090.53 at the end of 2017[25]. - The net assets attributable to shareholders increased by 21.50% to ¥3,840,340,122.89 at the end of 2018 from ¥3,160,809,801.25 at the end of 2017[25]. - The company reported a net cash flow from operating activities of ¥691,682,651.27, a slight decrease of 1.99% from ¥705,724,241.45 in 2017[25]. - The company’s total revenue for 2018 was approximately CNY 2.3 billion, with a year-on-year increase of 38.69%[60]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in 2019, aiming for a 20% increase in market share[18]. - The company plans to expand its gas extraction services in high gas and coal and gas outburst areas in Shanxi, enhancing its market presence[36]. - The company is actively pursuing strategic partnerships to enhance its technological capabilities and market reach[11]. - The company has successfully acquired exploration rights for four coalbed methane blocks, contributing to its expansion strategy[50]. - The company aims to strengthen international cooperation in coalbed methane extraction technology and enhance its research capabilities[42]. - The company expects to benefit from the restructuring of the gas group, aiming for an additional production capacity of 30-50 billion cubic meters over the next 3-5 years[93]. Production and Technology - Shanxi Blue Flame is investing RMB 100 million in new technology development for coalbed methane extraction, expected to enhance production efficiency by 15%[18]. - The company produced 1.464 billion cubic meters of coalbed methane in 2018, accounting for 27.05% of the national output, with a utilization volume of 1.150 billion cubic meters, representing 23.47% of the national utilization[37]. - The company has established a complete business system related to coalbed methane extraction, including construction, planning, operation, and sales[35]. - The company has developed proprietary coalbed methane extraction technologies and established national standards, filling gaps in domestic coalbed methane standards[41]. - The company is focusing on improving the technology for low-yield well transformations to enhance gas flow capacity[87]. Safety and Compliance - Safety production risks have been identified as a concern, with the company implementing new safety protocols to mitigate these risks[10]. - The company emphasized safety as a foundational aspect of its operations, achieving stable production without major incidents[48]. - The company has implemented strict environmental protection measures, ensuring no direct emissions of coalbed methane into the atmosphere during production[168]. - The company has a comprehensive emergency response plan for environmental incidents related to coalbed methane development, filed with local government environmental departments[168]. Research and Development - Research and development expenses amounted to CNY 57.71 million, accounting for 2.47% of total revenue, down from 3.12% in the previous year[70]. - The company conducted 13 R&D projects in 2018, focusing on various extraction technologies and methods[68]. - The number of R&D personnel increased by 8.97% to 316, representing 14.56% of the total workforce[69]. Shareholder and Governance - The company has committed to fulfilling all promises made by its actual controllers and shareholders during the reporting period[104]. - The company has established a complete governance structure to ensure the independence of its operations and decision-making[110]. - The company guarantees that its subsidiaries can independently make financial decisions and will not interfere with the use of funds[109]. - The company has committed to avoiding related party transactions wherever possible, and will follow legal procedures for any unavoidable transactions[117]. Financial Management - The company has no plans to distribute cash dividends in the near term, focusing instead on reinvestment for growth[11]. - The company reported a cash dividend of 0.00 for the year 2018, with a total cash dividend amount of 678,589,075.71 yuan, representing 0.00% of the net profit attributable to ordinary shareholders[103]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits for ordinary shareholders during the reporting period[102]. Risks and Challenges - The company faces market risks due to competition from other coalbed methane companies and conventional natural gas[97]. - The company is exposed to safety production risks as it expands its coalbed methane exploration and extraction operations[97]. - The company will actively seek government support to maintain policy stability and sustainability for coalbed methane development[97].

Financial Performance - Operating revenue for the reporting period was ¥414,790,250.48, reflecting a growth of 20.86% year-on-year[9] - Net profit attributable to shareholders of the listed company surged by 121.21% to ¥148,930,471.51[9] - Basic earnings per share increased by 114.29% to ¥0.15[9] - The weighted average return on net assets rose to 4.18%, up from 1.90% in the previous year[9] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,464,841,816.54, an increase of 1.53% compared to the previous year[9] - Net assets attributable to shareholders of the listed company increased by 15.18% to ¥3,640,553,354.06[9] - Accounts receivable increased by 37.99% to ¥1,190,266,988.57 due to an increase in receivables from related enterprises[17] - Other receivables rose by 127.63% to ¥211,579,817.13 primarily due to increased estimated sales subsidies for coalbed methane[17] - Short-term borrowings decreased by 82.35% to ¥150,000,000.00 as the company repaid bank loans[17] - Long-term borrowings increased by 55.40% to ¥841,500,000.00 due to new long-term loans obtained during the reporting period[17] - Asset impairment losses amounted to ¥5,572,264.98, a significant increase of 1901.92% compared to the previous year, due to provisions for bad debts[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥276,126,007.50, an increase of 4.31% compared to the same period last year[9] - Net cash flow from investing activities was -¥74,052,072.69, an improvement of 85.70% compared to the previous year, which had a significant payment for restructuring[17] - Net cash flow from financing activities decreased by 157.70% to -¥494,024,194.24, primarily due to repayment of loans during the reporting period[17] Shareholder Information - The company reported a total of 29,029 shareholders at the end of the reporting period[13] - The top shareholder, Shanxi Jincheng Anthracite Coal Mining Group, holds 40.05% of the shares[13] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[14]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,003,043,936.50, representing a 24.74% increase compared to CNY 804,126,959.25 in the same period last year[25]. - The net profit attributable to shareholders was CNY 329,170,089.56, up 31.83% from CNY 249,690,779.30 year-on-year[25]. - Basic earnings per share increased by 17.24% to CNY 0.34, while diluted earnings per share rose by 21.43% to CNY 0.34[25]. - The company achieved a coalbed methane extraction volume of 724 million cubic meters and a sales volume of 352 million cubic meters during the reporting period[40]. - The total operating revenue reached 1.003 billion yuan, with a net profit attributable to shareholders of 329 million yuan, representing a significant increase compared to the previous year[40]. - The company reported a total profit of RMB 1.93 billion, a substantial increase from RMB 186.46 million in the first half of 2017[134]. - The total comprehensive income for the first half of 2018 was RMB 148.06 million, a recovery from a loss of RMB 848.74 million in the first half of 2017[134]. - The company reported a net profit of 4,981,603,773.58 RMB for the current year, compared to a loss of 341,183,303.92 RMB in the previous year, indicating a substantial turnaround in profitability[136]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 83.18%, amounting to CNY 48,730,790.19 compared to CNY 289,701,433.82 in the previous year[25]. - The total cash inflow from operating activities was approximately CNY 138.07 billion, an increase of 9.4% from CNY 126.63 billion in the previous year[135]. - The ending balance of cash and cash equivalents was CNY 6.23 billion, down from CNY 7.37 billion at the beginning of the period[135]. - The company’s cash and cash equivalents decreased by 127.86% to -¥261,043,311.67, reflecting the repayment of loans during the reporting period[44]. - The company reported a significant reduction in accounts payable from RMB 18.64 billion to RMB 13.16 billion, a decrease of about 29.4%[133]. - The cash inflow from financing activities amounted to CNY 107.62 billion, an increase from CNY 88.01 billion year-on-year[135]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,471,243,778.00, reflecting a 1.61% increase from CNY 7,352,692,090.53 at the end of the previous year[25]. - The total liabilities decreased to 16,331,094,033.24 RMB from 17,787,437,359.61 RMB, showing a reduction of about 8.2%[136]. - The company's total equity increased to RMB 35.43 billion, up from RMB 30.12 billion, marking an increase of around 17.5%[133]. - The company's total assets decreased to ¥4,010,479,197.11 from ¥4,025,697,117.10, a decline of 0.4%[146]. - The total amount of daily related party transactions approved for 2018 is estimated to be no more than 1,777.42 million yuan, with actual transactions amounting to 788.30 million yuan[75]. Research and Development - Research and development expenses increased significantly by 83.53% to ¥14,882,134.52, driven by new projects such as coalbed methane well fracturing technology research[44]. - The company will continue to invest in research and development to ensure the renewal of its high-tech enterprise qualification, which provides a 15% corporate income tax rate benefit[63]. - The company is actively exploring new technologies to enhance production capacity and efficiency in existing wells[40]. Market and Competition - The company faces market competition risks from other coalbed methane companies and conventional natural gas sources, which may impact production stability[7]. - The company plans to enhance coalbed methane production through cooperation with coal enterprises, improving the gas delivery system, and accelerating exploration in newly acquired blocks[61]. - The company relies on government support for coalbed methane development, with expectations for stable fiscal subsidies and tax policies, while actively seeking to optimize internal management and reduce development costs[62]. Corporate Governance and Compliance - The company has not undergone an audit for the semi-annual financial report, indicating that the report remains unaudited[71]. - There were no significant litigation or arbitration matters during the reporting period[73]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[74]. - The company has not engaged in any poverty alleviation initiatives during the reporting period and has no plans for future initiatives[90]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and drive future growth[136]. - The overall performance guidance for the next quarter indicates a cautious outlook due to market conditions[168]. - The company plans to continue expanding its market presence and enhancing its product offerings through strategic investments and acquisitions[181].