Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders, based on a total share capital of 2,567,002,089 shares after deducting treasury shares[5]. - The company distributed cash dividends of 0.6 CNY per 10 shares, totaling 154,020,125.34 CNY, with no stock dividends or capital reserve transfers[160]. - The cash dividend for 2018 was RMB 154,566,547.67, accounting for 25.30% of the net profit attributable to shareholders[155]. - In 2017, the company distributed a cash dividend of RMB 284,300,470.63, which was 28.29% of the net profit attributable to shareholders[155]. - The total cash dividends distributed over the past three years were RMB 154,020,125.34 in 2019, RMB 154,566,547.67 in 2018, and RMB 284,300,470.63 in 2017[158]. - The company has a three-year shareholder return plan (2018-2020) that guides its profit distribution policy[153]. - The company has not proposed a cash dividend distribution plan for the current reporting period despite having positive distributable profits[158]. - The company’s cash dividends as a percentage of net profit have shown a consistent trend over the past three years, indicating a stable return to shareholders[158]. Business Expansion and Diversification - The company has expanded its business scope to include the production and sales of hydrogen, with a focus on hydrogen production, storage technology, and related equipment[14]. - The company has completed acquisitions that have diversified its business, including the acquisition of new materials and electronic trading services[14]. - The company has established a hydrogen energy research institute to enhance its capabilities in hydrogen production and application[14]. - The company aims to enhance its hydrogen energy business by developing a complete industrial chain for hydrogen production, storage, transportation, and application[27]. - The company is advancing a project to produce 300,000 tons of PVC annually, which is expected to enhance its chlor-alkali product capacity and scale advantages[30]. - The company is actively developing hydrogen energy applications, establishing a hydrogen energy center to enhance its hydrogen production and storage capabilities[88]. - The company is focusing on enhancing its core competitiveness through innovation in hydrogen energy and soil remediation technologies[87]. - The company is committed to ongoing research and development of new products and technologies to maintain competitive advantage[14]. Financial Performance - The company's operating revenue for 2019 was ¥5,299,650,818.13, a decrease of 12.33% compared to ¥6,044,700,259.24 in 2018[16]. - The net profit attributable to shareholders for 2019 was ¥629,948,190.80, representing a 3.12% increase from ¥610,912,665.53 in 2018[16]. - The company's total assets increased by 18.85% to ¥16,807,642,292.60 at the end of 2019, up from ¥14,141,946,396.53 at the end of 2018[16]. - The company reported a basic earnings per share of ¥0.2433 for 2019, an increase of 3.01% from ¥0.2362 in 2018[16]. - The company reported a total operating revenue for the chemical industry of approximately CNY 4.43 billion, with a year-on-year decrease of 10.24%[93]. - The company reported a significant decline in the trading business, with revenue dropping 66.37% to approximately ¥92.42 million[91]. - The company’s total revenue from the trading of chemical products was CNY 92.42 million, down 66.37% from the previous year[93]. Market and Industry Insights - The hydrogen energy industry is recognized as a key area for future development, with hydrogen's energy density being 143 MJ/Kg, significantly higher than that of oil and natural gas[43]. - The hydrogen energy demand in China is projected to reach 35 million tons by 2030, accounting for 5% of the terminal energy system[47]. - The PVC industry is crucial in various sectors, with applications in packaging, electronics, and construction, and is a significant synthetic resin in the economy[48]. - The apparent consumption of PVC in China grew at rates of 8.7%, 6.7%, and 7.3% from 2017 to 2019, indicating a significant increase in demand[55]. - The PVC market is expected to benefit from increased urbanization and infrastructure investment, driving steady growth in consumption[60]. - The caustic soda market is expected to stabilize and rebound due to controlled total supply and continuous growth in downstream demand driven by national economic development[68]. Research and Development - The company has established three R&D centers located in Guangzhou, Yangzhou, and Wuhai, with production bases primarily in Jiangsu and Inner Mongolia[26]. - The company is focusing on R&D projects related to hydrogen storage, soil remediation, and rare earth applications[105]. - The number of R&D personnel increased by 8.26% to 485, with R&D investment amounting to ¥143,154,615.87, a decrease of 23.14%[106]. - The company has 78 authorized patents, including 9 invention patents and 69 utility model patents, with 100 patents currently under application[105]. Environmental Commitment - The company aims to achieve a 90% safety utilization rate for contaminated arable land by 2020 and 95% by 2030, as part of its commitment to soil pollution prevention[77]. - The company has developed soil conditioners to improve degraded soil quality, which aligns with national policies on soil pollution prevention[33]. - The company is actively participating in soil pollution prevention projects, including a successful bid for a demonstration project in Shaoguan City[33]. - The company has invested 600 billion RMB in pollution prevention funding in 2019, reflecting its commitment to environmental protection[78]. Strategic Partnerships and Collaborations - The company signed cooperation agreements with research institutions to jointly develop low-cost, high-performance rare earth hydrogen storage materials, enhancing market competitiveness[28]. - The company has formed strategic partnerships with research institutions to advance R&D in rare earth applications and hydrogen energy[83]. - The company is exploring potential mergers and acquisitions to further its market expansion strategy[148]. Risk Management - The company emphasizes the importance of risk awareness regarding market environment and operational safety in its future strategic planning[5]. - The company is facing market environment risks due to the cyclical nature of the chemical industry, which can impact profitability during economic downturns[143]. - Environmental policy risks are increasing, with potential higher costs due to stricter regulations in the chemical industry[144]. - The company is addressing risks related to human resources as business expands, which may increase management costs and affect sustainable operations[145]. Operational Efficiency - The company maintains high capacity utilization and sales rates for its basic chemical products, contributing to stable growth in production and profitability[30]. - The company adopts a production model primarily based on production-to-sales and order-based production, with annual production plans discussed in multi-department meetings[39]. - The company conducts weekly production scheduling meetings to address issues in procurement, production, and sales, ensuring smooth operations[40]. Financial Management - The company has increased its long-term equity investments by 36.11% compared to the beginning of the period, primarily due to investments in Erdos Taisheng Heng Mining Co., Ltd.[81]. - The company's fixed assets decreased by 3.67% compared to the beginning of the period, mainly due to depreciation.[81]. - The company has a commitment to invest in soil remediation projects, with a total commitment of 61,752.80 million yuan[126]. - The company has secured a loan of 569.5 million from China Construction Bank, maturing on March 2, 2019[191].

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,442,090,846.51, representing a 2.62% increase compared to ¥1,405,259,209.69 in the same period last year[7] - The net profit attributable to shareholders was ¥190,903,628.85, a slight increase of 0.48% from ¥189,994,201.27 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥188,797,702.99, up by 1.79% from ¥185,482,689.74 in the previous year[7] - The basic earnings per share for the period was ¥0.0736, a decrease of 0.14% from ¥0.0737 in the same period last year[7] - The weighted average return on net assets was 2.59%, down from 3.07% in the previous year[7] - The company reported a net profit for Q1 2020 of CNY 190,572,601.59, slightly up from CNY 189,563,981.99 in the previous period[39] - The net profit for the first quarter of 2020 was -6,086,404.37, compared to -8,582,951.70 in the same period last year, indicating an improvement of approximately 29.1%[42] - The total comprehensive income for the first quarter was -6,086,404.37, compared to -8,582,951.70 in the same period last year, indicating an improvement of approximately 29.1%[43] Cash Flow - The net cash flow from operating activities was negative at -¥776,280,574.66, a significant decline of 217.09% compared to ¥662,998,777.78 in the same period last year[7] - Net cash flow from operating activities decreased by 217.09% to -¥776,280,574.66 due to reduced collections and increased procurement expenses[15] - The company reported cash outflows from operating activities totaling 2,020,633,006.90, compared to 2,427,357.95 in the previous year, indicating a substantial increase in cash outflows[49] - The cash flow from financing activities resulted in a net outflow of -238,734,237.46, compared to -649,741,295.10 in the previous year, showing an improvement of about 63.2%[47] - The company raised 1,384,594,154.46 CNY through financing activities, with cash outflows totaling 1,182,236,697.73 CNY, resulting in a net cash flow from financing activities of 202,357,456.73 CNY[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,227,115,323.66, reflecting a 2.50% increase from ¥16,807,642,292.60 at the end of the previous year[7] - The company's current assets totaled CNY 8.03 billion as of March 31, 2020, compared to CNY 7.56 billion at the end of 2019, indicating an increase of about 6.2%[29] - The total liabilities of the company were CNY 9.73 billion as of March 31, 2020, compared to CNY 9.48 billion at the end of 2019, which is an increase of approximately 2.6%[31] - The company's equity attributable to shareholders increased to CNY 7.45 billion from CNY 7.27 billion, representing a growth of about 2.5%[32] - The total liabilities stood at 9,483,013,338.68 CNY, with current liabilities comprising 6,982,285,303.15 CNY[54] Investments and Expenditures - The company reported a significant increase in cash paid for acquiring fixed assets and intangible assets to ¥489,778,959.57 due to project construction needs[15] - The company incurred a total of 489,778,959.57 in cash outflows for investment activities, compared to 337,085,137.93 in the previous year, marking an increase of approximately 45.2%[46] - The company reported a financial expense of CNY 69,576,208.26, down from CNY 89,131,596.57 in the previous period, showing improved cost management[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,245[10] - The company has not engaged in any entrusted financial management during the reporting period[21] - There were no violations regarding external guarantees during the reporting period[24] Other Financial Metrics - The company completed the construction and commissioning of a hydrogen liquefaction plant, enabling large-scale production and storage of liquid hydrogen[16] - The company reported non-recurring gains of ¥2,105,925.86, primarily from government subsidies and other income[8] - Other income increased by 32.06% to ¥5,806,800.00 primarily from government subsidies[15] - Research and development expenses for Q1 2020 were CNY 13,134,401.23, indicating ongoing investment in innovation[38] - The company implemented new revenue and leasing standards starting January 1, 2020, adjusting certain balance sheet items without affecting total assets or liabilities[55] - The company has not conducted an audit for the first quarter report, indicating that the figures are unaudited[59]

Financial Performance - Operating revenue for the reporting period was approximately ¥1.21 billion, down 12.68% compared to the same period last year[8] - Net profit attributable to shareholders of the listed company was approximately ¥211.78 million, a decrease of 13.55% year-on-year[8] - Basic earnings per share were ¥0.0818, down 13.71% year-on-year[8] - The weighted average return on net assets was 3.28%, a decrease of 18.92% compared to the same period last year[8] - Total operating revenue for Q3 2019 was CNY 1,210,324,014.46, a decrease of 12.6% compared to CNY 1,386,040,542.65 in the same period last year[50] - Net profit for Q3 2019 was CNY 212,017,918.01, a decline of 13.6% from CNY 245,582,830.81 in Q3 2018[51] - The total comprehensive income for the period was CNY 212,017,918.01, compared to CNY 245,582,830.81 in the previous period, reflecting a decrease of approximately 13.6%[52] - The total comprehensive income for the period was CNY 485,556,183.54, compared to CNY 662,891,210.43 in the previous period, reflecting a decrease of approximately 26.8%[60] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥13.61 billion, a decrease of 3.78% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company reached approximately ¥6.55 billion, an increase of 7.63% year-on-year[8] - Cash and cash equivalents decreased by 38.37% due to cash distributions and equity acquisition payments[17] - Total liabilities decreased from CNY 7,997,791,650.56 to CNY 6,999,615,243.37, reflecting a decline of about 12.5%[42] - The company's current assets totaled CNY 4,391,294,935.43, down from CNY 4,929,037,998.23, indicating a decrease of about 10.91%[41] - The company's inventory decreased from CNY 613,280,158.69 to CNY 543,445,734.43, a decline of approximately 11.4%[40] Cash Flow - Net cash flow from operating activities was approximately ¥206.82 million, an increase of 30.70% compared to the same period last year[8] - Cash received from investment activities increased by 1393.11% compared to the same period last year[18] - The net cash flow from operating activities increased to CNY 1,069,698,940.61, compared to CNY 673,730,558.97 in the previous period, representing a growth of about 58.7%[66] - The total cash inflow from financing activities was 5,550,653,959.67 CNY, up from 3,582,964,084.50 CNY year-over-year, reflecting increased borrowing and investment receipts[68] - The cash inflow from operating activities totaled 5,082,269.81 CNY, an increase from 4,134,055.64 CNY year-over-year, suggesting improved operational cash receipts[71] Investments and R&D - Research and development expenses surged by 583.00%, indicating a significant increase in investment in R&D[17] - Research and development expenses for the year-to-date were CNY 26,708,631.67, significantly increased from CNY 3,873,912.36, marking an increase of approximately 590.5%[57] - The company has signed a technical cooperation agreement with the Yuyuan Engineering Research Institute to develop rare earth hydrogen storage materials[26] - The first generation of rare earth hydrogen storage material technology has been transferred to the company, facilitating ongoing development in hydrogen energy applications[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 84,813[12] - The largest shareholder, Hongda Xingye Group Co., Ltd., held 36.50% of the shares, amounting to approximately 944.79 million shares[12] Convertible Bonds and Financing - The company adjusted the total amount of funds raised from the convertible bond issuance from RMB 245 million to RMB 242.678 million[21] - The company received approval for the public issuance of convertible bonds on August 22, 2019[21] - The company is actively engaging in discussions regarding its convertible bond progress and hydrogen energy projects, indicating ongoing strategic initiatives[35] Other Income and Expenses - The company reported non-operating income of approximately ¥29.49 million from government subsidies[9] - Other income increased by 87.85% due to higher government subsidies received[17] - The company reported a significant decrease in financial expenses, which fell to CNY 70,220,589.14 from CNY 108,145,365.03 year-on-year[50] - The company reported a net loss from investment of CNY -3,928,864.94, an improvement from CNY -12,118,063.74 in the previous period, indicating a reduction in losses by about 67.6%[59]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥2,846,117,863.08, a decrease of 3.08% compared to ¥2,936,429,970.80 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥275,178,223.78, down 34.44% from ¥419,750,854.37 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥265,482,253.20, a decrease of 36.06% compared to ¥415,215,995.42 in the previous year[19]. - The basic earnings per share decreased by 34.54% to ¥0.1063 from ¥0.1624 in the previous year[19]. - The diluted earnings per share fell by 38.84% to ¥0.0992 compared to ¥0.1622 in the same period last year[19]. - The weighted average return on net assets was 4.41%, down from 7.40% in the previous year, a decrease of 2.99%[19]. - The cost of sales increased by 4.05% to approximately RMB 1.99 billion, up from RMB 1.92 billion year-on-year[44]. - The company reported a significant increase in revenue from the environmental protection sector, which grew by 132.62% to approximately RMB 189.09 million, compared to RMB 81.29 million last year[46]. - The company reported a net profit margin of 12% for the first half of 2019, reflecting improved operational efficiency[112]. Cash Flow and Assets - The net cash flow from operating activities increased by 21.09% to ¥565,382,309.50 from ¥466,906,925.19 in the same period last year[19]. - The company's cash and cash equivalents decreased by 24.10% compared to the beginning of the period, primarily due to increased loan repayments[34]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 1,102,140,804, down from CNY 1,179,536,815, a decrease of 0.58%[50]. - The company's total assets at the end of the reporting period were ¥13,816,876,031.21, a decrease of 2.30% from ¥14,141,946,396.53 at the end of the previous year[19]. - Accounts receivable increased to CNY 1,994,192,454, up from CNY 1,636,527,666, resulting in a 2.56% increase in total assets proportion[50]. - Inventory decreased to CNY 540,919,422.4 from CNY 848,124,217.36, reflecting a decline of 2.24% in total assets proportion[50]. - The company's fixed assets decreased by 2.12% compared to the beginning of the period, mainly due to depreciation[34]. Investments and Projects - The company’s long-term equity investments increased by 36.83% compared to the beginning of the period due to the acquisition of equity in Ordos Taishengheng Mining Co., Ltd.[34]. - The company is constructing a hydrogen liquefaction plant and has completed the registration for 8 hydrogen refueling stations in Inner Mongolia[28]. - The company’s in-progress construction projects increased by 12.26% compared to the beginning of the period, driven by the expansion of PVC production capacity from 300,000 tons to 400,000 tons[34]. - The company has invested 150 million in research and development for new technologies aimed at improving production efficiency[112]. - The company plans to issue convertible bonds with a total amount adjusted to no more than RMB 24,267.8 million, with specific allocations for projects and working capital[140]. Strategic Initiatives - The company is actively expanding its soil conditioning agent and environmental remediation services in overseas markets[32]. - The company is focusing on the development of green building materials, such as PVC ecological houses, in response to national policies promoting sustainable construction[31]. - The company aims to enhance its competitive edge by increasing the proportion of high-value-added products, particularly in modified PVC and specialized PVC materials[42]. - The company is committed to building an integrated circular economy industrial chain focusing on hydrogen energy, new materials, and environmental protection[41]. - The company is actively pursuing innovation in hydrogen energy applications, collaborating with Beijing Aerospace Research Institute since 2018[38]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[91]. - The company has no significant penalties or rectification situations during the reporting period, reflecting good compliance practices[94]. - The company has fulfilled its performance commitments without any violations, ensuring shareholder interests are protected[87]. - The financial report for the first half of 2019 was not audited, which may affect the reliability of the financial data presented[89]. - The company has no violations regarding external guarantees during the reporting period[125]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 99,252[157]. - The largest shareholder, Hongda Xingye Group, holds 36.50% of the shares, totaling 944,790,083 shares, with a pledge status[157]. - The company has not experienced any changes in its controlling shareholder during the reporting period[161]. - There were no changes in the actual controller of the company during the reporting period[161]. - The company does not have any preferred shares in the reporting period[164]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[128]. - The total dust emissions from Wuhai Chemical were reported at 74.51 tons, with a maximum allowable discharge of 432 tons per year[128]. - The company’s subsidiaries have established effective pollution control facilities, with no instances of exceeding emission limits reported in the first half of 2019[131]. - The company has constructed and maintained pollution control facilities, ensuring no exceedance of emission standards for waste gas and noise during the first half of 2019[134]. - The company has implemented self-monitoring plans for pollution control, ensuring compliance with national standards and timely reporting of results[135].

Financial Performance - The company's revenue for Q1 2019 was ¥1,405,259,209.69, a decrease of 0.58% compared to ¥1,413,447,514.96 in the same period last year[7]. - Net profit attributable to shareholders was ¥189,994,201.27, down 24.61% from ¥252,023,992.21 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥185,482,689.74, reflecting a decline of 26.11% compared to ¥251,017,477.19 in the previous year[7]. - Basic earnings per share decreased to ¥0.0737, down 24.41% from ¥0.0975 year-on-year[7]. - Total operating revenue for Q1 2019 was CNY 1,405,259,209.69, a slight decrease of 0.13% from CNY 1,413,447,514.96 in Q1 2018[41]. - Net profit for Q1 2019 was CNY 189,563,981.99, down 24.3% compared to CNY 250,687,389.50 in Q1 2018[41]. - The total comprehensive income for Q1 2019 was -8,582,951.70, an improvement from -9,616,650.78 in the previous year, reflecting a decrease in overall losses by about 10.7%[45]. Cash Flow and Liquidity - The net cash flow from operating activities surged to ¥662,998,777.78, an increase of 1,754.84% from ¥35,744,305.76 in the same period last year[7]. - Cash received from sales increased by 52.91% to ¥1,549,109,554.54, attributed to higher business activity and improved collection efforts[14]. - The company's cash and cash equivalents decreased to CNY 1,084,377,628.80 from CNY 1,452,177,122.04, representing a decline of about 25.3%[33]. - The company's cash flow from financing activities resulted in a net outflow of -649,741,295.10, compared to a net inflow of 25,848,853.67 in the previous year, indicating a significant shift in financing activities[49]. - The company generated CNY 1.38 billion in cash inflow from financing activities, up from CNY 804.37 million in the same period last year, representing a growth of about 71.6%[52]. - The company's cash and cash equivalents at the end of Q1 2019 stood at CNY 115.28 million, down from CNY 462.90 million at the end of Q1 2018, reflecting a decrease of about 75.1%[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,603,029,934.56, a decrease of 3.81% from ¥14,141,946,396.53 at the end of the previous year[7]. - The total liabilities decreased to CNY 7,269,311,206.60 from CNY 7,997,791,650.56, indicating a reduction of about 9.1%[35]. - The company's total assets decreased to CNY 5,219,911,794.82 from CNY 5,806,922,294.33, reflecting a decline of 10.1%[39]. - Current liabilities were approximately 1.35 billion, with short-term borrowings at 280 million and other payables at 665.60 million[62]. Shareholder Information - The top ten shareholders held a total of 1,469,000,000 shares, with the largest shareholder, Hongda Xingye Group Co., Ltd., holding 36.50%[10]. - The net assets attributable to shareholders increased by 3.12% to ¥6,279,944,733.40 from ¥6,089,950,532.13 at the end of the previous year[7]. - The company's equity attributable to shareholders increased to CNY 6,279,944,733.40 from CNY 6,089,950,532.13, reflecting an increase of approximately 3.1%[35]. Government and Regulatory Matters - The company received government subsidies amounting to ¥4,397,205.59 during the reporting period[8]. - The company has no violations regarding external guarantees during the reporting period[26]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27]. Strategic Initiatives - The company plans to issue convertible bonds totaling up to ¥245 million, with ¥230 million allocated for a PVC production project and ¥15 million for working capital[16]. - A cooperation agreement was signed with Beijing Aerospace Research Institute to develop hydrogen energy projects, including hydrogen liquefaction and related equipment[18]. - The company is actively pursuing the development of a complete hydrogen energy industry chain, including production, storage, and application[21]. - The company has made significant progress in soil improvement projects in Inner Mongolia, focusing on the restoration of saline-alkali land[20]. Financial Reporting and Standards - The company has implemented new financial instrument standards effective from January 1, 2019, which may impact future financial reporting and performance metrics[53]. - The company has not undergone an audit for the first quarter report, indicating preliminary financial data[63].

Financial Performance - The company's operating revenue for 2018 was ¥6,044,700,259.24, a decrease of 7.58% compared to ¥6,540,626,308.65 in 2017[19]. - The net profit attributable to shareholders for 2018 was ¥610,912,665.53, down 39.21% from ¥1,004,882,891.14 in 2017[19]. - The net cash flow from operating activities increased by 64.27% to ¥1,429,961,949.29 in 2018, compared to ¥870,518,098.78 in 2017[19]. - The company's total assets at the end of 2018 were ¥14,141,946,396.53, a decrease of 1.36% from ¥14,337,649,856.16 at the end of 2017[19]. - The weighted average return on equity decreased to 10.31% in 2018 from 21.93% in 2017, reflecting a significant decline in profitability[19]. - The total cash dividend distributed to shareholders for the year 2018 amounted to ¥154,581,089.34, representing 25.30% of the net profit attributable to ordinary shareholders[156]. - The total cash dividend, including other methods such as share buybacks, reached ¥194,650,074.69, which is 100% of the distributable profit[157]. Business Expansion and Diversification - The company has expanded its main business to include the production and sales of hydrogen, following the establishment of a hydrogen energy research institute in December 2016[16]. - The company completed the acquisition of New Damao Rare Earth, increasing its main business to include rare earth products such as rare earth powder and carbonate[16]. - The company has diversified its operations to include electronic trading services and logistics following the acquisition of Plastic Exchange in January 2016[16]. - The company is developing a complete hydrogen energy industry chain, including production, storage, and application, with plans to build hydrogen refueling stations in Inner Mongolia[28]. - The company is actively developing environmentally friendly building materials, such as the three-in-one wall panel, to support new urbanization and various construction projects[30]. - The company is expanding its overseas market for soil conditioners and remediation services, aligning with the national "Belt and Road" initiative[31]. Research and Development - The company has established three R&D centers in Guangzhou, Yangzhou, and Wuhai, focusing on various product innovations[27]. - The company has increased its R&D investment by 12.99% to ¥186,243,249.86 in 2018, representing 3.08% of its operating revenue, up from 2.52% in 2017[97]. - The company has obtained a total of 69 authorized patents, including 7 invention patents and 62 utility model patents, with 33 patents currently under application[92]. - The company is focusing on the development of new products and technologies to ensure sustainable growth and enhance profitability[68]. Market and Industry Trends - The hydrogen energy industry is supported by national policies, with a focus on developing fuel cell vehicles and related infrastructure, indicating a significant market potential[34]. - The demand for PVC is expected to continue growing due to increased public rental housing construction and urban infrastructure projects[47]. - The soil remediation industry in China is in its early development stage, with its market value currently less than 1% of the total environmental industry, indicating significant growth potential[61]. - The central government allocated 405 billion yuan for pollution prevention in 2018, with expectations to reach 600 billion yuan in 2019, highlighting the financial support for soil remediation efforts[60]. Risk Management - The company has faced risks related to market environment, safety, and environmental protection, but no significant risks that would materially impact operations were reported[5]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements in its annual report[5]. - The company is managing financial risks associated with its capital-intensive industry by optimizing its financial structure and improving fund utilization efficiency[144]. - The company is addressing human resource risks by focusing on the recruitment and training of experienced personnel to support its expanding business operations[143]. Shareholder and Corporate Governance - The company has committed to maintaining the independence of its operations post-restructuring, ensuring no misuse of company funds or guarantees provided[159]. - The company has implemented measures to ensure that its return on investment is not diluted, with commitments from directors and senior management to uphold these standards[161]. - The company has undertaken to comply with relevant laws and regulations to avoid any potential competition with its own business[161]. - The company has established a link between the implementation of its compensation measures and the remuneration system set by the remuneration committee[165]. Environmental and Safety Commitment - The company is committed to safety and environmental protection, with dedicated departments to ensure compliance with regulations and enhance safety management practices[143]. - The company is implementing a new technology for the recovery and utilization of waste gas from calcium carbide furnaces, aimed at improving energy efficiency and reducing CO2 emissions[95]. - The company has initiated a project to develop a soil conditioner that combines various new technologies to enhance market competitiveness[96]. Financial Activities and Capital Structure - The company is actively engaging in capital operations, including the issuance of convertible bonds and share repurchase plans, to strengthen its main business and improve its capital structure[141]. - The company has multiple financing agreements with various banks, indicating a diversified funding strategy[192]. - The company reported a total of 121,534.15 million raised through non-public share issuance, with 21.53% of the funds remaining unused[114]. Subsidiary Performance - The subsidiary Wuhai Chemical reported total assets of CNY 12,945.95 million and net profit of CNY 585.12 million[124]. - The subsidiary Plastic Exchange reported total assets of CNY 971.60 million and net profit of CNY 110.29 million[125].

鸿达兴业股份有限公司 2018 年第三季度报告正文 证券代码：002002 证券简称：鸿达兴业 公告编号：临 2018-133 鸿达兴业股份有限公司 2018 年第三季度报告正文 1 鸿达兴业股份有限公司 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。 公司负责人周奕丰、主管会计工作负责人林俊洁及会计机构负责人(会计主 管人员)刘光辉声明：保证季度报告中财务报表的真实、准确、完整。 2 鸿达兴业股份有限公司 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减 | | --- | --- | --- | --- | --- | | 总资产（元） | 13,736,626,345.95 | | 14,337,649,856.16 | -4.19% | | 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,936,429,970.80, a decrease of 4.45% compared to CNY 3,073,247,671.12 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 419,750,854.36, down 16.87% from CNY 504,955,240.61 in the previous year[18]. - The basic earnings per share decreased by 22.33% to CNY 0.1624 from CNY 0.2091 in the previous year[18]. - The company achieved a revenue of CNY 2.936 billion and a net profit of CNY 420 million for the reporting period[37]. - The company's total comprehensive income for the current period was CNY 419,750,854.37, resulting in a decrease of CNY 2,442,474,383.74[181]. - The net profit for the period was CNY 417,308,379.62, compared to CNY 502,073,843.80 in the previous period, reflecting a decrease of approximately 16.9%[168]. Cash Flow and Liquidity - The net cash flow from operating activities significantly increased to CNY 466,906,925.19, representing a 1,171.77% increase compared to CNY 36,713,137.77 in the same period last year[18]. - Cash inflows from operating activities totaled 2,735,332,910.99 CNY, an increase from 1,881,208,768.83 CNY in the prior period[175]. - The ending balance of cash and cash equivalents was 958,228,715.31 CNY, an increase from 571,896,517.83 CNY in the previous period[176]. - The company's cash and cash equivalents decreased from CNY 1,944,300,410.60 to CNY 1,179,536,815.31, a decline of approximately 39.3%[158]. - The company’s cash and cash equivalents decreased by 39.33% due to increased prepayments for raw material purchases[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,787,507,350.37, a decrease of 3.84% from CNY 14,337,649,856.16 at the end of the previous year[18]. - The company's total assets decreased from CNY 14,337,649,856.16 to CNY 13,787,507,350.37, a decline of about 3.8%[161]. - Total liabilities decreased from CNY 8,493,597,801.64 to CNY 7,810,447,386.86, a reduction of approximately 8.0%[160]. - The company's total liabilities decreased to CNY 1,309,239,474.25 from CNY 1,402,823,267.05, reflecting a decline of about 6.7%[165]. - The company's equity decreased to CNY 4,349,469,575.76 from CNY 4,654,323,652.60, a decrease of approximately 6.5%[165]. Investments and R&D - Research and development investment increased by 102.55% to ¥73,152,437.30, reflecting the company's commitment to new product and business development[39]. - The company is focusing on the development of modified PVC and specialized PVC materials to increase the proportion of high value-added products[37]. - The company has established three R&D centers in Guangzhou, Yangzhou, and Wuhai to drive innovation and product development[34]. Market and Operations - The chemical industry contributed ¥2,467,180,863.71, accounting for 84.02% of total revenue, with a year-on-year growth of 5.69%[41]. - The environmental protection sector saw a significant decline in revenue, dropping 56.51% to ¥81,289,335.21, representing only 2.77% of total revenue[41]. - The company is actively expanding its overseas market for soil remediation products in line with the "Belt and Road" initiative[30]. - The company operates the only plastic spot electronic trading platform in China, enhancing industry collaboration and efficiency[29]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company appointed new independent directors and management personnel on April 23, 2018, to enhance governance and oversight[151]. - The company is in the process of implementing its first employee stock ownership plan to enhance governance and employee cohesion[94]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with multiple subsidiaries including Wuhai Chemical and Zhonggu Mining[118]. - The company has established environmental management systems across its subsidiaries, ensuring pollution control facilities operate effectively[119]. - The wastewater treatment facilities of Wuhai Chemical and Zhonggu Mining achieved zero discharge, with all treated wastewater meeting standards and reused in production[120]. Risks and Challenges - The company does not foresee any significant risks that could materially impact its operations, aside from industry cycles and safety/environmental risks[4]. - The company is facing potential financial risks due to its capital-intensive nature and significant debt financing, necessitating careful financial planning[80]. - The company is committed to improving internal controls and cost management to enhance resource efficiency and reduce raw material consumption[77]. Related Party Transactions - The company reported a total of 3,046.64 million yuan in related party transactions for the first half of 2018, with an approved transaction limit of 16,428.20 million yuan[98]. - The company confirmed that all related party transactions were necessary for production and did not harm the interests of the listed company[98]. - The company engaged in daily related party transactions, including purchasing steam for 2,141.15 million yuan and raw coal for 511.19 million yuan, both at market prices[95].

鸿达兴业股份有限公司 2018 年第一季度报告正文 证券代码：002002 证券简称：鸿达兴业 公告编号：临 2018-044 鸿达兴业股份有限公司 2018 年第一季度报告正文 2018 年 04 月 1 鸿达兴业股份有限公司 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 | | --- | --- | --- | --- | | 周奕丰 | 董事长 | 因公出差 | 林少韩 | 公司负责人周奕丰、主管会计工作负责人林俊洁及会计机构负责人(会计主 管人员)刘光辉声明：保证季度报告中财务报表的真实、准确、完整。 2 鸿达兴业股份有限公司 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本 ...

Dividend Distribution - The company plans to distribute a cash dividend of 1.10 RMB per 10 shares to all shareholders, based on a total of 2,584,549,733 shares[5]. - The company announced a cash dividend of RMB 1 per 10 shares based on a total share capital of 2,420,677,191 shares as of December 31, 2016, approved at the 2016 annual general meeting[138]. - The company implemented the dividend distribution on June 1, 2017, following the announcement made on May 23, 2017[138]. - The profit distribution plan for 2015 included a cash dividend of RMB 2 per 10 shares and a bonus issue of 5 shares for every 10 shares held, along with a capital reserve conversion of 10 shares for every 10 shares held[139]. - For the 2016 fiscal year, the company proposed a cash dividend of RMB 1 per 10 shares, based on a total share capital of 2,420,677,191 shares, amounting to a total cash distribution of RMB 242,030,815.96[140]. - In 2017, the company distributed a cash dividend of RMB 1.1 per 10 shares, totaling RMB 284,300,470.63, which represents 28.29% of the net profit attributable to shareholders[144]. - The cash dividend for 2017 accounted for 100% of the total distributable profit of RMB 350,925,333.30[145]. - The cash dividends for the years 2015, 2016, and 2017 were RMB 194,407,771.70, RMB 242,030,815.96, and RMB 284,300,470.63 respectively, showing a consistent dividend distribution policy[144]. Business Expansion and Acquisitions - The company has expanded its main business to include the production and sales of PVC, caustic soda, hydrochloric acid, and liquid chlorine following the acquisition of Wuhai Chemical[14]. - The company has increased its operational scope to include soil conditioners, heavy metal remediation agents, and environmental processing additives since 2015[14]. - The company completed the acquisition of New Damao Rare Earth, enhancing its product offerings to include rare earth concentrates and separation products[14]. - The company has also expanded into electronic trading services and logistics following the acquisition of Plastic Exchange[14]. - The company has established a hydrogen energy and new materials research institute to focus on innovative technologies[9]. - The company is expanding its soil remediation business internationally, including plans to establish a research and sales center in the United States[25]. - The company has established two wholly-owned subsidiaries in the environmental sector, expanding its operational scope[75]. Financial Performance - The company's operating revenue for 2017 was approximately ¥6.54 billion, representing a year-on-year increase of 6.22% compared to ¥6.16 billion in 2016[16]. - The net profit attributable to shareholders for 2017 was approximately ¥1.00 billion, an increase of 22.88% from ¥817.80 million in 2016[16]. - The net cash flow from operating activities for 2017 was approximately ¥870.52 million, reflecting a significant increase of 37.51% compared to ¥633.08 million in 2016[16]. - The basic earnings per share for 2017 was ¥0.4074, up 20.46% from ¥0.3382 in 2016[16]. - The total assets at the end of 2017 were approximately ¥14.34 billion, a 12.56% increase from ¥12.74 billion at the end of 2016[16]. - The net assets attributable to shareholders at the end of 2017 were approximately ¥5.79 billion, marking a 51.49% increase from ¥3.82 billion at the end of 2016[16]. - The company reported a total operating revenue of ¥6,540,626,308.65 in 2017, representing a year-on-year increase of 6.22% from ¥6,157,736,776.01 in 2016[67]. - The chemical industry contributed ¥4,881,680,762.17, accounting for 74.64% of total revenue, with a significant year-on-year growth of 26.75%[67]. - PVC sales reached ¥3,438,824,860.85, making up 52.58% of total revenue, with a growth rate of 15.25% compared to the previous year[67]. Research and Development - The company has increased its investment in R&D, focusing on modified PVC, specialty PVC, and PVC-specific materials, enhancing the proportion of high value-added products[63]. - Research and development investment increased by 105.92% year-on-year, amounting to approximately ¥164.83 million, representing 2.52% of operating revenue[85]. - The company has initiated several key R&D projects, including the electrolytic water hydrogen production project and the rare earth modified PVC project, aimed at enhancing product performance and resource efficiency[80]. - The company has formed strategic partnerships with several research institutions to strengthen its R&D capabilities and improve resource utilization efficiency[60]. Market Presence and Strategy - The company operates three R&D centers located in Guangzhou, Yangzhou, and Wuhai, with production bases primarily in Jiangsu and Inner Mongolia[24]. - The company's products are sold in various countries including Cambodia, Vietnam, the United States, and Kazakhstan, indicating a strong international market presence[24]. - The company is actively promoting green building materials in response to national policies, aligning with the push for sustainable development[27]. - The company aims to further develop its electronic trading platform to enhance market competitiveness and brand influence[116]. - The company plans to continue expanding its market presence and enhancing brand influence through synergy among its various business segments[65]. Environmental and Safety Commitment - The company emphasizes the importance of risk awareness regarding market environment, safety, and environmental protection in its operations[5]. - The company prioritizes environmental protection and complies with relevant regulations, investing in pollution control equipment and comprehensive waste management[200]. - All major subsidiaries of the company have obtained ISO14001 environmental management system certification[200]. - The company has not experienced any environmental pollution incidents during the reporting period and has met all annual environmental goals[200]. - The company conducts regular environmental hazard inspections and has established a dedicated team for environmental management[200]. - The company actively promotes environmental awareness among employees and implements measures to enhance pollution prevention capabilities[200]. Financial Management and Loans - The company has consistently secured loans ranging from 20 million to 142 million across various banks throughout 2016 and 2017[178][179]. - The company has shown a pattern of securing loans with varying due dates, indicating a strategy of managing cash flow through bank financing[178][179]. - The company has engaged in multiple loan agreements with different banks, reflecting a diversified approach to financing[178][179]. - The company’s financial activities indicate a strong reliance on bank loans for operational funding during the reported period[178][179]. Related Party Transactions - The company reported a related party transaction amounting to 29.32 million CNY for steam procurement, with an approved limit of 50 million CNY[170]. - A related party transaction for raw coal procurement was recorded at 14.94 million CNY, with an approved limit of 40 million CNY[170]. - The company engaged in a related party transaction for industrial salt procurement totaling 10.73 million CNY, with an approved limit of 110 million CNY[170]. - The company confirmed that all related party transactions were conducted at fair prices and did not harm the interests of the listed company[172]. Legal and Compliance Matters - The company has no significant litigation or arbitration matters that would affect its operations[165]. - There are no penalties or rectification measures applicable to the company during the reporting period[164]. - The company has implemented changes in accounting policies and estimates in accordance with new regulations effective from May 28, 2017, and June 12, 2017, but these changes did not materially affect its financial results[158]. - The company has confirmed the absence of non-operating related party debt and credit transactions during the reporting period[176].