Financial Performance - The company's operating revenue for Q1 2019 was ¥875,372,792.27, a decrease of 30.89% compared to the same period last year[8] - The net profit attributable to shareholders was a loss of ¥12,235,529.08, representing a decline of 222.74% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥14,158,859.60, a decrease of 1,683.86% compared to the previous year[8] - The basic earnings per share for the period was -¥0.03, a decline of 250.00% year-on-year[8] - The diluted earnings per share also stood at -¥0.03, marking a decrease of 250.00% compared to the same period last year[8] - Total profit decreased by 28.75 million yuan, a decline of 154.12%, mainly due to a reduction in product sales volume compared to the same period last year and some construction projects starting later than expected[18] - Net profit for Q1 2019 was a loss of ¥18,156,842.43, compared to a profit of ¥7,937,900.26 in Q1 2018[39] - The company reported a basic and diluted earnings per share of -¥0.03 for Q1 2019, compared to ¥0.02 in Q1 2018[40] Cash Flow - The net cash flow from operating activities improved to ¥13,178,108.48, a significant increase of 105.44% from the previous year[8] - Net cash flow from operating activities increased by 255.28 million yuan, a growth of 105.44%, mainly due to a decrease in engineering guarantee deposit expenditures by the subsidiary[19] - The cash flow from operating activities is ¥13,178,108.48, a significant recovery from -¥242,109,982.85 in the previous period[47] - The net cash flow from operating activities was -10,913,408.40, a decrease from 11,327,478.05 in the previous year[51] - The total cash outflow from operating activities was 48,067,400.24, slightly down from 49,533,828.17 in the previous year[51] - The company paid cash for operating activities totaling ¥830,883,028.50, a decrease from ¥1,303,686,561.52 in the previous period[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,100,437,131.13, reflecting a slight increase of 0.48% compared to the end of the previous year[8] - The net assets attributable to shareholders were ¥3,263,616,294.45, showing a decrease of 0.28% from the previous year[8] - Total liabilities were 7.49 billion yuan as of March 31, 2019, compared to 7.43 billion yuan at the end of 2018[31] - The company's total equity decreased to approximately 3.61 billion yuan from 3.62 billion yuan at the end of 2018[31] - Total assets decreased to ¥3,883,991,275.14 from ¥3,941,065,468.56, a reduction of 1.5%[36] - Total liabilities decreased to ¥1,158,496,915.26 from ¥1,195,898,367.28, a decline of 3.1%[35] Investments - The company reported non-operating income of ¥3,371,051.77 from government subsidies during the reporting period[9] - Cash received from other investment activities was 165,799,166.67, indicating significant investment inflow[51] - The company’s long-term equity investments remained stable at ¥2,558,757,464.75, unchanged from the previous period[34] - Cash flow from investing activities shows a net outflow of -¥14,210,771.02, down from a net inflow of ¥24,245,138.36 in the previous period[48] - The company’s cash flow from investment activities was significantly negative at -127,425.50 compared to a positive 165,462,543.41 in the previous year[51] Operational Activities - The company engaged in approximately 20 investor calls during the reporting period to discuss strategic development and operational performance[23] - The company's cash and cash equivalents increased to approximately 1.03 billion yuan from 888.54 million yuan at the end of 2018[28] - The company's cash and cash equivalents increased to ¥68,121,616.46 from ¥53,650,208.80, reflecting a growth of 27.0%[33] - Accounts receivable increased by 68.73 million yuan, a rise of 46.66%, primarily due to an increase in bank acceptance bills received during the reporting period[17] - Inventory increased to ¥44,987,577.10, up 30.9% from ¥34,330,815.59[33] Audit and Reporting - The company did not undergo an audit for the first quarter report[53]

Financial Performance - The company's operating revenue for 2018 was CNY 6,035,039,388, representing a 12.71% increase compared to CNY 4,587,205,667 in 2017[19] - The net profit attributable to shareholders for 2018 was CNY 177,447,982.37, which is a 17.14% increase from CNY 76,773,998.25 in 2017[19] - The basic earnings per share for 2018 was CNY 0.360, reflecting a 16.13% increase from CNY 0.23 in 2017[20] - The total assets at the end of 2018 amounted to CNY 11,047,064,730, marking a 13.75% increase from CNY 7,832,120,442 at the end of 2017[20] - The net assets attributable to shareholders increased by 13.25% to CNY 3,272,724,869 at the end of 2018, up from CNY 2,063,590,386 at the end of 2017[20] - The net cash flow from operating activities for 2018 was negative CNY 400,211,342.9, a significant decrease compared to CNY 740,249,800.22 in 2017, representing a decline of 156.81%[19] - Total revenue for the fourth quarter reached ¥1,832,824,443.95, showing a significant increase compared to previous quarters[24] - Net profit attributable to shareholders for the fourth quarter was ¥36,964,397.97, a decrease from the second quarter's ¥69,436,117.22[24] - The net cash flow from operating activities turned positive in the fourth quarter at ¥294,843,891.36, after negative cash flows in the first three quarters[24] Industry Overview - The overall revenue for the year from the civil blasting industry reached approximately ¥338 billion, with a year-on-year growth of about 12%[31] - The company reported a 9% increase in the sales of industrial explosives, totaling 4.31 million tons for the year[31] - The overall economic environment in China remains positive, with a GDP growth rate of 6.6% in 2018, benefiting the civil blasting industry[30] - The company has identified mining and infrastructure projects as key growth areas, driven by increased fixed asset investments[30] - The industry is expected to see accelerated mergers and acquisitions, increasing concentration among the top 15 producers to over 60% of total production value[33] Strategic Initiatives - The company aims to enhance its technological innovation capabilities and optimize product structure as per the industry development plan[32] - The company plans to leverage modern information technology and smart manufacturing to improve management and production safety levels[33] - The company has established a comprehensive service model integrating research and development, production, sales, delivery, and blasting services, positioning itself as a leading service-oriented production enterprise in the civil explosive sector[41] - The company is actively pursuing international expansion by investing in overseas factories and blasting projects, establishing strategic partnerships with major domestic and international enterprises[37] - The company is committed to strengthening talent development and building a high-quality professional team to support its transformation and upgrade[89] Acquisitions and Investments - The company has achieved the largest production capacity in the civil explosive industry following the acquisition of 100% equity in Panjiang Minexplosion, 94.75% equity in Kaiyuan Explosive, and 100% equity in Yinguang Minexplosion, increasing its registered capital to 487,625,309 yuan[40] - The company completed the acquisition of three unlisted companies, resulting in a total operating revenue of CNY 603,504,000 after the integration[48] - The company has established a joint venture with international company Orica, marking a significant breakthrough in strategic cooperation[44] - The company completed the acquisition of three target companies, including 100% equity of Guizhou Panjiang Mining Explosives Co., Ltd., 94.75% equity of Guizhou Kaiyuan Blasting Engineering Co., Ltd., and 100% equity of Shandong Yinguang Mining Explosives Co., Ltd.[113] Risk Management - The company faces risks including safety risks, macroeconomic cycle risks, intensified market competition, and fluctuations in raw material prices[6] - The company is enhancing its comprehensive risk management system to ensure strong operational support and achieve its strategic goal of becoming "China's first, world-class" in the industry[89] - The company plans to strengthen accounts receivable collection efforts, establishing a management system and credit archives to reduce new account occurrences and enhance recovery rates[93] - The company is focusing on optimizing procurement strategies to mitigate the impact of raw material price volatility, aiming to lower production costs through improved processes and equipment[94] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.73 per 10 shares to all shareholders, based on a total share capital of 487,625,309 shares[6] - The cash dividend distributed in 2018 accounted for 20.06% of the net profit attributable to the company's ordinary shareholders[101] - The cash dividend for 2018 represents 100% of the total profit distribution amount, reflecting a commitment to returning value to shareholders[103] - The company has maintained a consistent dividend policy over the past three years, with increasing amounts reflecting positive financial performance[101] Corporate Governance - The company operates under strict regulatory oversight, with compliance to multiple laws and regulations governing the civil explosive industry, ensuring safety and operational integrity[35] - The company has a strong governance structure with independent directors overseeing operations[187][188] - The company’s independent directors have consistently provided independent opinions on related party transactions, ensuring transparency and governance[126] Social Responsibility - The company is actively involved in poverty alleviation, having constructed 1,500 resettlement houses and successfully resettled 7,034 people through the relocation project[146] - The company has committed to sourcing over 50% of its food supplies from impoverished areas, supporting local agriculture[145] - The company provided 0.85 million yuan in financial aid to 15 underprivileged children during the Children's Day event[148] - The company has engaged in various cultural and recreational activities to strengthen relationships with clients, fostering a collaborative environment[142] Employee Management - The total number of employees in the company is 8,271, with 4,525 in production, 318 in sales, and 691 in technical roles[196] - The company has a significant focus on technical personnel, with 691 employees in this category[196] - The company completed training for 12,989 employees throughout the year, enhancing overall professional skills and work capabilities[199] - Safety production education training also reached a 100% completion rate across all divisions[199]

贵州久联民爆器材发展股份有限公司 2018 年第三季度报告正文 证券代码：002037 证券简称：久联发展 公告编号：2018-69 贵州久联民爆器材发展股份有限公司 2018 年第三季度报告正文 1 贵州久联民爆器材发展股份有限公司 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。 公司负责人安胜杰、主管会计工作负责人袁莉及会计机构负责人(会计主管 人员)文韬声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州久联民爆器材发展股份有限公司 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） | 8,778,371,978.31 | 7,832,120,442.36 | | ...

贵州久联民爆器材发展股份有限公司 2018 年半年度报告全文 贵州久联民爆器材发展股份有限公司 2018 年半年度报告 2018 年 07 月 1 贵州久联民爆器材发展股份有限公司 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。 公司负责人安胜杰、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)文韬声明：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。 公司半年度报告中若涉及未来计划等前瞻性陈述的，不构成公司对投资者 的实质承诺，请投资者注意投资风险，保持足够的风险认识。 公司存在安全风险、市场竞争更加激烈风险、管理风险等风险因素，敬请 广大投资者注意投资风险。 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 | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | | 5 | | 第三节 | ...

贵州久联民爆器材发展股份有限公司 2018 年半年度报告全文 贵州久联民爆器材发展股份有限公司 2018 年半年度报告 2018 年 07 月 1 贵州久联民爆器材发展股份有限公司 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。 公司负责人安胜杰、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)文韬声明：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。 公司半年度报告中若涉及未来计划等前瞻性陈述的，不构成公司对投资者 的实质承诺，请投资者注意投资风险，保持足够的风险认识。 公司存在安全风险、市场竞争更加激烈风险、管理风险等风险因素，敬请 广大投资者注意投资风险。 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 | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | | 5 | | 第三节 | ...

贵州久联民爆器材发展股份有限公司 2018 年第一季度报告正文 证券代码：002037 证券简称：久联发展 公告编号：2018-38 贵州久联民爆器材发展股份有限公司 2018 年第一季度报告正文 1 贵州久联民爆器材发展股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人安胜杰、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)文韬声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州久联民爆器材发展股份有限公司 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 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 说明 | | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 1,864,027.30 库房设备处置 ...

贵州久联民爆器材发展股份有限公司 2017 年年度报告全文 贵州久联民爆器材发展股份有限公司 2017 年年度报告 2018 年 03 月 1 贵州久联民爆器材发展股份有限公司 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。 公司负责人安胜杰、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)付成瑞声明：保证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。 公司年度报告中若涉及未来计划等前瞻性陈述的，不构成公司对投资者的 实质承诺，请投资者注意投资风险。 公司存在安全风险、市场竞争更加激烈风险、管理风险等风险因素，敬请 广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 327,368,160 为基数，向 全体股东每 10 股派发现金红利 0.47 元（含税），送红股 0 股（含税），不以公积 金转增股本。 2 | | | | 第一节 | 重要提示、目录和释义 | 2 | | --- | - ...

贵州久联民爆器材发展股份有限公司 2017 年第三季度报告正文 证券代码：002037 证券简称：久联发展 公告编号：2017-34 贵州久联民爆器材发展股份有限公司 2017 年第三季度报告正文 2017 年 10 月 1 贵州久联民爆器材发展股份有限公司 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。 公司负责人安胜杰、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)刘筑川声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州久联民爆器材发展股份有限公司 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 □ 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） | 7,584,306,146.74 | | 7,30 ...

贵州久联民爆器材发展股份有限公司 2017 年半年度报告全文 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。 贵州久联民爆器材发展股份有限公司 2017 年半年度报告 公司负责人罗德丕、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)刘筑川声明：保证本半年度报告中财务报告的真实、准确、完整。 2017 年 08 月 1 所有董事均已出席了审议本报告的董事会会议。 贵州久联民爆器材发展股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司半年度报告中若涉及未来计划等前瞻性陈述的，不构成公司对投资者 的实质承诺，请投资者注意投资风险。 公司存在安全风险、市场竞争更加激烈风险、管理风险等风险因素，敬请 广大投资者注意投资风险。 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 | 2017 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、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 6 | | ...

贵州久联民爆器材发展股份有限公司 2017 年第一季度报告正文 证券代码：002037 证券简称：久联发展 公告编号：2017-22 贵州久联民爆器材发展股份有限公司 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。 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 | | --- | --- | --- | --- | | 张曦 | 董事 | 因公出差 | 郭盛 | | 罗德丕 | 董事长 | 因公出差 | 安胜杰 | 公司负责人罗德丕、主管会计工作负责人付成瑞及会计机构负责人(会计主 管人员)刘筑川声明：保证季度报告中财务报表的真实、准确、完整。 1 贵州久联民爆器材发展股份有限公司 2017 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 ...