保利联合化工控股集团股份有限公司 2022 年第一季度报告全文 证券代码：002037 证券简称：保利联合 公告编号：2022-31 保利联合化工控股集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保 证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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） | 937,634,356.77 | 972,930,759.37 | -3.63% | | 归属于上市公司股东的净利润（元） | -57,574,537.76 | -38,910 ...

Financial Performance - The company's operating revenue for 2021 was CNY 6,028,172,798, representing a 0.80% increase compared to CNY 5,980,164,913 in 2020[20]. - The net profit attributable to shareholders decreased by 17.50% to CNY 103,854,780.76 from CNY 125,877,489.19 in the previous year[20]. - The net cash flow from operating activities turned negative at CNY -37,090,717.17, a decline of 107.54% compared to CNY 491,900,014.73 in 2020[20]. - Basic earnings per share fell by 17.46% to CNY 0.2146 from CNY 0.26 in 2020[20]. - Total assets increased by 6.75% to CNY 16,226,230,469 at the end of 2021, up from CNY 15,200,427,347 at the end of 2020[21]. - The net assets attributable to shareholders rose by 4.82% to CNY 3,627,997,066 from CNY 3,461,234,608 in the previous year[21]. - The total profit for 2021 was 213 million yuan, a year-on-year decrease of 9.62%, while net profit was 161 million yuan, an increase of 5.59%[46]. - The company reported a gross margin of 33.53% for explosives, down 9.79% from the previous year[54]. - The company reported a significant increase in revenue for 2022, with total revenue reaching CNY 33 billion, representing a year-on-year growth of 15%[108]. Cash Flow and Investments - The net cash flow from operating activities decreased by 107.54% to -¥37,090,717.17 in 2021, compared to ¥491,900,014.73 in 2020[70]. - The total cash inflow from investment activities increased by 114.84% to ¥18,621,867.19 in 2021, up from ¥8,667,609.69 in 2020[70]. - The net increase in cash and cash equivalents was ¥180,806,420.79 in 2021, a significant recovery from -¥342,680,858.50 in 2020, marking a 152.76% change[71]. - The company plans to raise 600 million yuan through a private placement to support projects related to waste mine restoration and equipment acquisition[47]. - The company plans to raise CNY 600 million through a private placement to fund four projects related to its main business in civil explosives, with the application materials currently under review by the China Securities Regulatory Commission[195]. Market and Industry Position - The company operates in the civil explosives industry, which is heavily regulated by government authorities, impacting production and sales processes[31]. - The civil explosives industry is closely tied to macroeconomic conditions, particularly in mining and infrastructure sectors, which significantly influence the company's performance[31]. - The company is focusing on optimizing product structure and enhancing safety and technological levels in line with the "14th Five-Year Plan" for the industry[34]. - The company is encouraged to pursue mergers and acquisitions to strengthen its market position and optimize capacity layout as per government policies[34]. - The company aims to solidify its position as a leading player in the ecological restoration sector, with a focus on sustainable development and government collaboration[41]. - The company is focusing on expanding its market presence in civil explosive materials production and sales[85]. - The company is investing in new technology development, including digital electronic detonators and related electronic products[85]. - The company aims to enhance its supply chain efficiency, targeting a 20% reduction in lead times by the end of 2023[110]. Research and Development - The company has over 550 national and provincial-level scientific achievements and patents, including more than 90 invention patents, with several technologies reaching international leading levels[44]. - The company has initiated a technology innovation committee to drive internal growth and has made significant progress in establishing research standards for electronic detonators[48]. - The company reported a 15.35% increase in management expenses, totaling ¥554,284,231.13 in 2021 compared to ¥480,506,410.04 in 2020[67]. - The company has increased its R&D personnel by 207.71%, reaching 1,277 employees in 2021[68]. - The company's R&D investment amounted to ¥114,138,192.16 in 2021, representing a 4.72% increase from ¥108,994,800.00 in 2020[69]. - The company completed the R&D of flexible intelligent production processes for electronic detonators, aiming to enhance automation and safety in production[68]. Risk Management - The company acknowledges various risks including safety, macroeconomic cycles, and raw material price fluctuations that may impact future performance[6]. - The company has implemented a comprehensive internal control system to mitigate major risks and enhance compliance[49]. - The company faces high accounts receivable risks, prompting measures to strengthen collection efforts and establish credit management systems[93]. - The company has a clear strategy for managing risks associated with raw material price volatility, which significantly impacts the profitability of the downstream blasting industry[94]. Governance and Compliance - The company maintains a robust governance structure, ensuring compliance with legal regulations and protecting shareholder rights[99]. - The company operates independently from its controlling shareholder, with distinct business, personnel, and financial systems[102]. - The company has established a performance evaluation and incentive mechanism for its board and senior management, ensuring transparency and accountability[100]. - The company has implemented a comprehensive information disclosure system, ensuring timely and accurate communication with shareholders[100]. - The company has not faced any objections from board members regarding company matters during the reporting period[124]. - The company has not reported any non-standard audit reports in the latest period[162]. Environmental and Social Responsibility - The company has implemented significant environmental protection measures, including the closure of certain production lines and the transition to energy-efficient production processes[145]. - The company has conducted annual third-party environmental assessments, with all results meeting regulatory standards[146]. - The company completed ecological restoration of nearly 230 hectares of abandoned mines, improving air quality and providing approximately 200 jobs, while attracting nearly 2 billion CNY in investments and paying nearly 20 million CNY in taxes[151]. - The company has implemented 42 major livelihood projects to address employee needs, including regular health check-ups and mental health support, and allocated 105,000 CNY for COVID-19 vaccination efforts[152]. Strategic Acquisitions and Integrations - The company completed the acquisition of 100% equity in Poly Chemical and 50.60% equity in Panjiang Explosives, among others, to eliminate industry competition by December 2018[104]. - The company completed the acquisition of 51% equity in Inner Mongolia Hanshi Mining, aiming to leverage its market resources and technology for rapid expansion in the integrated mining service market[136]. - The company has integrated Hunan Jinjuneng Technology Co., Ltd., acquiring 65% equity to enhance its technological and R&D capabilities, particularly in industrial explosives production[138]. - The company has resolved the industry competition issue by acquiring 100% of Panjiang Explosives, 94.75% of Kaiyuan Blasting, and 100% of Yinguang Explosives, effectively eliminating competition as of December 31, 2021[142].

Financial Performance - The company's revenue for Q1 2022 was ¥937,634,356.77, a decrease of 3.63% compared to ¥972,930,759.37 in the same period last year[3] - The net profit attributable to shareholders was -¥57,574,537.76, representing a decline of 47.97% from -¥38,910,424.46 year-over-year[3] - The total profit decreased by 69.1% to ¥2,615,000, primarily due to significant price increases in key raw materials and project delays[7] - Net profit for Q1 2022 was a loss of CNY 69,547,126.42, worsening from a loss of CNY 39,398,607.79 in the previous period[19] - The total comprehensive income attributable to the parent company was -57,834,624.52 CNY, a decrease from -38,910,424.46 CNY, reflecting a worsening performance[20] - The basic and diluted earnings per share were both -0.12 CNY, compared to -0.08 CNY in the previous period, representing a decline of 50%[20] Cash Flow - The net cash flow from operating activities was -¥498,821,041.09, a significant decrease of 188.03% compared to -¥173,183,132.53 in the previous year[3] - Cash inflow from operating activities totaled 1,003,814,448.65 CNY, down from 1,229,831,762.35 CNY, a decrease of approximately 18.4%[23] - Cash outflow from operating activities increased to 1,502,635,489.74 CNY, compared to 1,403,014,894.88 CNY, an increase of about 7.1%[23] - The net cash flow from investing activities was -117,228,746.88 CNY, an improvement from -217,600,428.02 CNY in the previous period[24] - The net cash flow from financing activities was 318,261,394.00 CNY, up from 131,237,215.33 CNY, indicating a significant increase of approximately 142.5%[24] - The ending cash and cash equivalents balance was 1,111,828,826.84 CNY, compared to 953,367,712.57 CNY at the end of the previous period, reflecting an increase of about 16.6%[24] Assets and Liabilities - Total assets increased by 3.04% to ¥16,719,915,179.26 from ¥16,226,230,469.70 at the end of the previous year[3] - The equity attributable to shareholders decreased by 28.01% to ¥3,572,717,087.97 from ¥4,962,480,904.73 at the end of the previous year[3] - Total liabilities increased to CNY 11,756,049,893.18 from CNY 11,263,749,564.97 at the beginning of the year[16] - Long-term borrowings rose to CNY 1,972,467,503.88 from CNY 1,913,273,947.62 at the beginning of the year[16] Assets Composition - Contract assets increased by 52.65% to ¥198,840,000, primarily due to the addition of subsidiaries[6] - Intangible assets rose by 79.32% to ¥390,250,000, mainly due to the consolidation of Hebei Satellite Company[6] - Accounts receivable stood at CNY 6,150,976,560.59, slightly down from CNY 6,251,265,000.93 at the beginning of the year[14] - Inventory increased to CNY 463,309,178.80 from CNY 375,178,460.95 at the beginning of the year[14] Expenses - Financial expenses increased by 53.61% to ¥1,910,000, attributed to increased financing during the period[6] - The company reported a significant increase in research and development expenses to CNY 13,491,452.42 from CNY 15,409,498.65 in the previous period[19] Government Support - The company received government subsidies amounting to ¥211,250.00 related to technical improvements[5] Audit Status - The company did not undergo an audit for the first quarter report[25]

股票代码：002037 股票简称：保利联合 公告编号：2022-34 保利联合化工控股集团股份有限公司 关于举办 2021 年度业绩说明会暨投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为促进上市公司规范运作、健康发展，增强上市公司信息透 明度，加强与广大投资者沟通交流，进一步提升投资者关系管理 水平，贵州证监局、贵州证券业协会联合深圳市全景网络有限公 司 ， 将 于 2022 年 5 月 13 日 09:30-11:30 在 " 全 景 路 演 " （http://rs.p5w.net）举办"2021年度贵州辖区上市公司业绩 说明会暨投资者集体接待日活动"。 出席本次活动人员有：公司总经理张毅先生、总会计师刘士 彬先生、董事会秘书王丽春女士。 为充分尊重投资者、提升交流的针对性，现就公司本次活动 提前向投资者公开征集问题，广泛听取投资者的意见和建议。投 资者可即日起访问https://ir.p5w.net/zj/，进入问题征集专题 页面提交问题。公司将在会上对投资者普遍关注的问题进行回 答。 欢迎广大投资者积极参与本次年度业绩说 ...

3.第三季度报告是否经过审计 保利联合化工控股集团股份有限公司 2021 年第三季度报告 证券代码：002037 证券简称：保利联合 公告编号：2021-46 保利联合化工控股集团股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 1 保利联合化工控股集团股份有限公司 2021 年第三季度报告 | 归属于上市公司股东的 | 3,514,403,203.03 | 3,461,234,608.78 | 1.54% | | --- | --- | --- | --- | | 所有者权益（元） | | | | (二)非经常性损益项目和金额 □ 是 √ 否 一、主要财务数据 (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 - The company's operating revenue for the first half of 2021 was CNY 2,595,801,853, representing a 28.95% increase compared to CNY 2,012,979,505 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 35,693,299.90, a significant increase of 2,370.28% from CNY 1,444,907.20 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 34,841,265.43, compared to a loss of CNY 6,721,910.36 in the same period last year, marking a 618.32% improvement[20]. - The basic earnings per share increased to CNY 0.073, up 2,333.33% from CNY 0.003 in the previous year[20]. - The total profit for the same period was 68.64 million yuan, reflecting a significant year-on-year growth of 170.13%[28]. - The company reported a significant revenue increase of 255.90% in the South China region, totaling ¥175,692,488[49]. - The North West region saw a revenue increase of 94.11%, reaching ¥591,913,472, compared to ¥304,941,080.66 last year[45]. - The company reported a total profit of CNY 68,642,034.75 for the first half of 2021, compared to CNY 25,410,426.76 in the same period of 2020, an increase of 169.5%[148]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,776,424,407.30, reflecting a 3.79% increase from CNY 15,200,427,347.69 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 3,483,223,044.34, a slight increase of 0.64% from CNY 3,461,234,608.78 at the end of the previous year[20]. - As of the end of the reporting period, cash and cash equivalents amounted to 1,258,001,315 RMB, representing 7.97% of total assets, a decrease of 1.35% compared to the previous year[55]. - Accounts receivable increased to 6,601,742,369 RMB, accounting for 41.85% of total assets, up by 0.34% year-on-year[55]. - Total liabilities increased to CNY 11,250,210,141.88 from CNY 10,797,751,580.74, reflecting a growth of approximately 4.2%[140]. - The company's equity attributable to shareholders reached CNY 3,483,223,044.34, slightly up from CNY 3,461,234,608.78, indicating a growth of about 0.6%[141]. Cash Flow - The net cash flow from operating activities was CNY 67,533,963.49, down 55.48% from CNY 151,703,008.96 in the same period last year[20]. - The company’s cash flow from operating activities decreased by 55.48% to ¥67,533,963, mainly due to increased accounts payable from subsidiaries[43]. - The company reported a decrease in accounts payable, which rose to CNY 3,518,568,185.17 from CNY 3,209,052,185.17, reflecting an increase of approximately 9.6%[140]. Market and Industry Conditions - The mining industry experienced a year-on-year growth of 6.2%, indicating a steady recovery in demand for civil explosives[31]. - The overall market conditions for the civil explosives industry are stable and controllable, aligning with the company's expectations for growth[31]. - The price of ammonium nitrate, a key raw material, increased by 6.68% year-on-year, impacting the cost structure of the civil explosives industry[31]. - Market competition remains intense due to overcapacity, leading the company to implement refined management and increase market share[71]. Strategic Initiatives - The company is actively exploring new business models for ecological restoration, enhancing its service offerings in this area[30]. - The company aims to enhance its international market presence through strategic partnerships and overseas project expansions, particularly in collaboration with international firms[39]. - The company is focused on high-quality development and risk management to strengthen its core competitiveness and market position[38]. - The company has successfully transitioned to an integrated service model, combining R&D, production, sales, distribution, and blasting services, enhancing its market competitiveness[39]. Risks and Challenges - The company acknowledges various risks including safety risks, macroeconomic cycle risks, intensified market competition, and fluctuations in raw material prices[5]. - The company faces safety risks inherent in the civil explosives industry, necessitating strict safety management measures[69]. - The macroeconomic environment poses risks, with potential impacts from trade tensions and the COVID-19 pandemic, prompting the company to enhance its economic analysis capabilities[70]. - The company has a high level of accounts receivable, which poses a risk of bad debts, and is taking measures to strengthen collection efforts[71]. Research and Development - The company has established a strong R&D capability, with 449 valid patents, including 76 invention patents, and has achieved a 100% conversion rate of technological achievements into online production[40]. - The company has invested 35,000 million in research and development to innovate and improve product offerings[114]. - Research and development expenses rose to CNY 37,768,179.45, up from CNY 29,245,434.03, indicating a 29.2% increase year-over-year[146]. Environmental and Social Responsibility - The company has established wastewater treatment facilities at all production sites, achieving near-zero wastewater discharge[80]. - All construction projects have undergone environmental impact assessments and received necessary approvals from local environmental authorities[80]. - The company has implemented effective pandemic prevention measures, achieving zero cases of COVID-19 among overseas personnel[53]. Shareholder Information - The total number of shares outstanding is 487,625,309, with 32.86% being restricted shares and 67.14% being unrestricted shares[122]. - The largest shareholder, Poly Jiulian Holdings Group, holds 29.76% of the total shares, amounting to 145,105,699 shares[124]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[128]. Corporate Governance - The company held an annual general meeting with a participation rate of 54.48% on May 25, 2021, where nine resolutions were approved[75]. - The company’s financial report was approved by the board of directors on August 26, 2021[176]. - The company has not disclosed any significant new product developments or market expansion strategies in the report[136].

Financial Performance - The company's operating revenue for 2020 was ¥5,980,164,913.83, representing a 19.02% increase compared to ¥5,024,484,112.36 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥125,877,489.19, a decrease of 14.00% from ¥146,370,466.10 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥108,782,139.37, down 18.67% from ¥133,757,498.03 in 2019[18]. - The net cash flow from operating activities increased by 48.04% to ¥491,900,014.73 in 2020, compared to ¥332,284,552.34 in 2019[18]. - The total assets at the end of 2020 were ¥15,200,427,347.69, an increase of 18.95% from ¥12,779,050,259.20 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were ¥3,461,234,608.78, a 2.73% increase from ¥3,369,339,533.19 at the end of 2019[18]. - The basic earnings per share for 2020 were ¥0.26, down 13.33% from ¥0.30 in 2019[18]. - The diluted earnings per share for 2020 were also ¥0.26, reflecting the same decrease of 13.33% from ¥0.30 in 2019[18]. - The weighted average return on equity for 2020 was 3.70%, a decrease of 0.70% from 4.40% in 2019[18]. - In 2020, the company achieved operating revenue of 5.98 billion yuan, a year-on-year increase of 19.02%, while total profit decreased by 5.83% to 236 million yuan, and net profit attributable to the parent company fell by 14% to 126 million yuan[44]. Revenue and Profit Trends - In Q1 2020, the company reported a revenue of approximately ¥405.29 million, which increased to ¥2.30 billion in Q4 2020, showing a significant growth trend throughout the year[22]. - The net profit attributable to shareholders was negative in Q1 2020 at approximately -¥94.79 million, but turned positive in Q2 and Q3, reaching ¥96.23 million and ¥65.03 million respectively, before declining to ¥59.41 million in Q4[22]. - The net cash flow from operating activities improved from -¥150.56 million in Q1 to ¥126.26 million in Q4, indicating a recovery in cash generation capabilities[22]. Industry Outlook and Strategic Plans - The overall performance of the civil blasting industry showed a stable recovery in 2020, with key indicators gradually improving in the second half of the year as the pandemic was controlled[28]. - The civil blasting industry is expected to continue its healthy and orderly development, driven by increased energy demand and supportive industry policies in 2021[29]. - The company plans to increase investment in technological innovation and optimize product structure, including converting some packaged explosives capacity to mixed explosives capacity[29]. - The company is focusing on integrating its supply chain to enhance operational efficiency and competitiveness in the civil blasting market[29]. Safety and Compliance - The civil blasting industry is highly regulated, with strict government oversight on production, sales, and transportation processes to ensure safety[30]. - The company is committed to enhancing its safety measures and compliance with relevant laws and regulations governing the civil blasting industry[31]. - The company has implemented a comprehensive safety management system, achieving zero major safety incidents throughout the year[53]. Research and Development - The company has a strong research and development capability, with 71 valid invention patents and 303 valid utility model patents, leading to a 100% conversion rate of technological achievements into production[39]. - The company has made advancements in the research and development of new technologies, particularly in the safety of industrial electronic detonators under complex conditions, winning a first-class award from the China Blasting Equipment Industry Association[45]. - The company filed 113 patent applications in 2020, including 34 invention patents and 79 utility model patents, reflecting its commitment to innovation[69]. Investments and Acquisitions - The company has successfully expanded its international business by establishing joint ventures and strategic partnerships, particularly with the Australian company Orica[33]. - The company has completed the acquisition of a 65% stake in Hunan Jin Juneng, enhancing its technological innovation capabilities for the "14th Five-Year Plan"[34]. - The company is actively pursuing strategic acquisitions to bolster its market position and enhance its technological capabilities[87]. Financial Management and Risk - The company has established a debt collection management office to enhance the efficiency of accounts receivable recovery, focusing on risk prevention and safety management[45]. - The company has a high level of accounts receivable, indicating potential bad debt risks that need to be addressed[96]. - The company will implement risk management measures to reduce accounts receivable and prevent high-risk investments, ensuring financial stability[93]. Corporate Governance and Shareholder Relations - The company is committed to enhancing its governance structure and capabilities, ensuring effective coordination among its leadership and management teams[90]. - The company emphasizes the importance of investor relations management, aiming to enhance communication and maintain investor confidence through various engagement strategies[94]. - The company has conducted over 100 communication sessions with institutional investors regarding operational conditions and industry opportunities[98]. Environmental and Social Responsibility - The company invested approximately 113.01 million yuan in poverty alleviation efforts, including the construction of the "Poli Cehen Buyi Brocade Handicraft Park" project[154]. - The company has implemented a zero wastewater discharge policy through recycling and treatment processes at production sites[161]. - The company is committed to integrating poverty alleviation with rural revitalization, ensuring continuous support for collective economic development in targeted villages[160]. Employee Management and Development - The company has a total of 11,300 employees, with a total insurance payment of nearly CNY 174 million for the year[149]. - The training completion rate for new employees and special personnel reached 100% during the reporting period[199]. - The company established a comprehensive salary distribution and assessment system, linking employee compensation to company performance[198].

Financial Performance - The company's operating revenue for Q1 2021 was ¥972,930,759.37, representing a 140.06% increase compared to ¥405,286,174.36 in the same period last year[9] - The net profit attributable to shareholders was -¥38,910,424.46, an improvement of 58.95% from -¥94,785,127.98 year-on-year[9] - The net profit for Q1 2021 was a loss of ¥39,398,607.79, an improvement from a loss of ¥112,287,845.31 in the same period last year[40] - The company reported a gross margin of approximately -4.1% for Q1 2021, compared to -27.4% in the previous year[40] - Basic and diluted earnings per share for Q1 2021 were both -¥0.08, an improvement from -¥0.19 in the previous year[41] - The company's operating revenue for the current period is 70,110,338.00, compared to 34,178,834.09 in the previous period, representing a significant increase[43] - Operating profit for the current period is 654,317.32, a recovery from a loss of 23,214,796.74 in the previous period[44] - The net profit for the current period is 664,396.70, compared to a net loss of 23,115,876.91 in the previous period, indicating a strong turnaround[44] Cash Flow - The net cash flow from operating activities was -¥173,183,132.53, a decrease of 15.00% compared to -¥150,556,790.96 in the previous year[9] - Cash inflow from operating activities is 1,229,831,762.35, up from 624,765,812.77 in the previous period[47] - Cash outflow from operating activities totals 1,403,014,894.88, compared to 775,322,603.73 in the previous period[48] - The net cash flow from operating activities is -173,183,132.53, worsening from -150,556,790.96 in the previous period[48] - The ending cash and cash equivalents balance is 953,367,712.57, down from 1,454,747,437.24 in the previous period[49] - Total cash and cash equivalents at the end of the period were 90,494,483.28, down from 201,053,295.69 a year earlier, reflecting a decrease of approximately 55.1%[52] - The net cash increase for the period was -38,338,759.97, compared to -68,864,655.66 in the previous year, showing an improvement in cash management[52] - The company’s cash balance at the beginning of the period was 128,833,243.25, indicating a strong starting position despite the cash outflows during the quarter[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,548,404,761.31, up 2.29% from ¥15,200,427,347.69 at the end of the previous year[9] - Current assets totaled 11.13 billion yuan, compared to 10.83 billion yuan at the end of 2020[30] - Total liabilities reached 11.10 billion yuan, up from 10.80 billion yuan at the end of 2020[32][33] - The company's cash and cash equivalents were 1.28 billion yuan, down from 1.42 billion yuan at the end of 2020[30] - Accounts receivable increased to 6.39 billion yuan from 6.31 billion yuan at the end of 2020[30] - Inventory rose to 396.72 million yuan, compared to 286.64 million yuan at the end of 2020[30] - Total assets slightly decreased to ¥4,429,507,622.32 from ¥4,430,456,002.69, indicating stability in asset management[36] - Total liabilities remained relatively stable at ¥1,712,113,713.04 compared to ¥1,713,114,376.67 in the previous period[36] - The company’s equity totaled ¥2,717,393,909.28, showing no significant change from ¥2,717,341,626.02[36] Research and Development - Research and development expenses surged by ¥13,970,000, a staggering increase of 969.44%, attributed to increased investment in R&D projects[16] - Research and development expenses increased significantly to ¥15,409,498.65 from ¥1,440,900.88, indicating a focus on innovation[39] Government Support and Other Income - The company received government subsidies amounting to ¥3,695,337.33, contributing to other income growth of 235.53% compared to the previous year[10] - Operating income increased by 972,000 yuan, a growth of 131.91%, mainly due to government tax refunds received by subsidiaries[17] Investment Activities - The net cash flow from investment activities was -33,931,309.14, compared to -4,630,437.32 in the previous year, indicating a significant increase in cash outflow[52] - The company reported an investment income of 3,528,531.50 for the current period, compared to 1,115,284.22 in the previous period[51] - The cash inflow from investment activities was 9,528,531.50, compared to 8,478,166.68 in the previous year, indicating a slight increase in investment receipts[52] Audit and Compliance - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[54] - The company has not applied the new leasing standards for the current year, which may impact future financial reporting[53] Other Financial Metrics - The weighted average return on net assets was -1.13%, an improvement of 1.72% from -2.85% year-on-year[9] - Total profit increased by 72.83 million yuan, a growth of 65.81%, primarily driven by increased sales and project volume during the reporting period[17] - Cash outflow from financing activities totaled 4,786,250.00, a decrease from 46,333,364.59 in the previous year, showing a reduction in financing costs[52]

保利联合化工控股集团股份有限公司 2020 年第三季度报告全文 保利联合化工控股集团股份有限公司 2020 年第三季度报告 2020 年 10 月 1 保利联合化工控股集团股份有限公司 2020 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)李爽声明：保证季度报告中财务报表的真实、准确、完整。 2 保利联合化工控股集团股份有限公司 2020 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 □ 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） | 14,113,161,053.49 | 12,779,050,259.20 | | 10.44% | | 归属于上市公司股东的净 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥2.01 billion, a decrease of 12.52% compared to ¥2.30 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was approximately ¥1.44 million, down 97.87% from ¥67.71 million in the previous year[18]. - The net profit after deducting non-recurring gains and losses was approximately -¥6.72 million, a decline of 110.56% compared to ¥63.63 million in the previous year[18]. - The total profit for the period was CNY 25.41 million, down 78.79% compared to the previous year[41]. - The company reported a decrease in operating profit to CNY 22,452,532.46, down 81.2% from CNY 119,337,732.27 in the first half of 2019[160]. - The total operating revenue for the first half of 2020 was CNY 2,012,979,505.98, a decrease of 12.5% compared to CNY 2,301,154,552.54 in the same period of 2019[160]. - The net profit for the first half of 2020 was CNY 4,276,020.65, a significant decline of 95% compared to CNY 85,729,748.49 in the previous year[161]. - The total comprehensive income for the first half of 2020 was CNY 21,130,881.73, compared to CNY 91,455,164.90 in the same period of 2019[168]. Cash Flow and Financial Position - The net cash flow from operating activities was approximately ¥151.70 million, an increase of 208.57% compared to -¥139.73 million in the same period last year[18]. - The company reported a net cash outflow from investing activities of CNY -856,832,913.35, a decrease of 923.71% compared to a positive cash flow of CNY 104,020,862.99 in the previous year[46]. - The company's cash and cash equivalents decreased to CNY 1,490,469,971.22 from CNY 1,724,035,660.53, representing a decline of about 13.5%[152]. - The total liabilities at the end of the reporting period were CNY 9,289,232,779.91, up from CNY 8,627,510,346.29, indicating an increase of about 7.66%[154]. - The total assets at the end of the reporting period amounted to CNY 13,519,511,829.84, up from CNY 12,779,050,259.20, marking an increase of approximately 5.79%[154]. - The company's inventory decreased to CNY 301,829,888.85 from CNY 385,160,979.49, representing a decline of about 21.6%[152]. - The total equity attributable to shareholders decreased slightly to CNY 3,350,788,250.52 from CNY 3,369,339,533.19, a decline of about 0.55%[154]. Industry and Market Conditions - The civil blasting industry is heavily reliant on macroeconomic conditions, with demand for blasting products experiencing a short-term decline in Q1 2020 due to the COVID-19 pandemic, but showing signs of recovery in Q2 2020[25]. - The overall economic situation in China is showing signs of recovery, with policies supporting the manufacturing sector and infrastructure projects, which will positively impact the demand for blasting products[25]. - The civil blasting industry is expected to see increased consolidation, with the top 15 companies projected to account for over 60% of the total production value ahead of schedule[26]. - The industry is experiencing a shift towards high reliability, precision, and intelligent products, driven by ongoing structural adjustments and technological advancements[26]. Technological Innovation and Development - The company is focusing on technological innovation and smart manufacturing to improve production safety and efficiency, aligning with national policies for industry upgrades[26]. - The company has made significant advancements in technology, with self-developed electronic detonators and production processes now in large-scale production and widely used across several provinces[37]. - Research and development investment increased by 135.25% to CNY 29,245,434.03, reflecting the company's commitment to high-quality development and increased technological investment[46]. Safety and Compliance - The company has obtained safety production permits for its subsidiaries, ensuring compliance with safety regulations and maintaining a stable safety record[53]. - The company signed safety production responsibility agreements at all levels to ensure comprehensive safety management[54]. - The company is actively promoting the construction of a safety production standardization system to enhance safety management levels across all production processes[54]. Strategic Initiatives and Future Plans - The company plans to accelerate the establishment of a joint venture technology center to promote the upgrade of civil explosive products[42]. - The company aims to enhance market control and customer loyalty by integrating regional resources and creating a regional service platform for civil explosives[42]. - The company is committed to expanding its integrated blasting service model to enhance core competitiveness and adapt to market demands[74]. - The company plans to implement strict safety management measures and enhance production safety awareness to mitigate safety risks[73]. Shareholder and Equity Information - The total number of shares is 487,625,309, with 32.86% held as restricted shares and 67.14% as unrestricted shares[132]. - The largest shareholder, Poly Jiulian Holdings Group Co., Ltd., holds 29.76% of the shares, totaling 145,105,600 shares[134]. - The company has not disclosed any significant changes in shareholding structure or stock repurchase activities during the reporting period[131]. Environmental and Social Responsibility - The company has implemented a zero discharge policy for production wastewater, with all wastewater treated and reused for landscaping[113]. - The company has invested 93.9 million yuan in poverty alleviation projects, including educational support for 86 impoverished students[121]. - The company is actively working on poverty alleviation through party-building initiatives in three villages, ensuring a solid foundation for future rural revitalization efforts[122].