证券代码：002053 证券简称：云南能投 云南能源投资股份有限公司投资者关系活动记录表 编号：2022-004 | --- | --- | --- | --- | --- | |-----------------------|-----------------------------------------------------------|---------------|----------------------------------------|----------------------------------------------------------| | | | | | | | 投资者关系活动 | □特定对象调研 | 分析师会议 | □ | | | 类别 | □ 媒体采访 | □业绩说明会 | | | | | □ 新闻发布会 □ | 路演活动 | | | | | □ 现场参观 | | | | | | 其他（电话会议） | | | | | 参与单位名称及 | 安信证券：周喆 | | 朱昕怡 | | | 人员姓名 | 泰康资产：万晨洁 | | 候星辰 | | | 时间 | 2022 年 1 ...

Financial Performance - In Q3 2022, the company achieved operating revenue of CNY 542.08 million, an increase of 11.66% compared to the same period last year[12]. - The net profit attributable to shareholders was CNY 28.82 million, a turnaround from a loss of CNY 11.07 million in the previous year, representing a growth of 356.36%[12]. - For the first three quarters of 2022, the company reported operating revenue of CNY 1,767.32 million, up 13.79% year-on-year[12]. - The net profit attributable to shareholders for the first three quarters was CNY 205.13 million, reflecting a 75.91% increase from the previous year[12]. - The company's total revenue for the third quarter of 2022 was CNY 1.77 billion, compared to CNY 1.55 billion in the same period last year, reflecting a year-over-year increase of about 13.8%[41]. - The total operating costs for the third quarter of 2022 amounted to CNY 1.57 billion, up from CNY 1.42 billion in the previous year, indicating an increase of approximately 10.6%[41]. - The net profit attributable to shareholders of the parent company was ¥205,127,940.49, compared to ¥116,609,305.19 in the same period last year, representing an increase of about 75.8%[47]. - Operating profit for the period was ¥240,284,800.61, up from ¥166,294,789.54, indicating a growth of approximately 44.4%[46]. Cash Flow and Liquidity - The cash flow from operating activities for the first three quarters was CNY 610.58 million, a significant increase of 159.13% compared to the same period last year[12]. - The company's cash and cash equivalents increased by 128.09% to ¥2,614,053,164.53, primarily due to funds raised from a private placement of shares during the reporting period[16]. - The net cash flow from operating activities surged by 159.13% to ¥610,584,310.11, driven by renewable energy subsidies and improved sales collections in the salt segment[19]. - The company reported a net cash inflow from other operating activities of ¥84,908,506.01, compared to ¥108,930,926.42 in the previous period, a decrease of about 22.1%[48]. - Net cash flow from operating activities amounted to ¥610,584,310.11, a significant increase from ¥235,624,334.57 in the previous period, representing a growth of approximately 159%[51]. - The net increase in cash and cash equivalents was ¥1,460,993,336.13, contrasting with a decrease of ¥833,433,841.85 in the prior period[51]. - The ending balance of cash and cash equivalents stood at ¥2,606,212,429.00, a significant rise from ¥546,377,139.85 at the end of the previous period[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12.23 billion, a 24.48% increase from the previous year[7]. - The company's total liabilities decreased significantly, with accounts receivable notes down by 54.60% to ¥27,437,391.00, reflecting a strategy to accelerate capital turnover[16]. - The company's total liabilities as of September 30, 2022, were CNY 4.58 billion, an increase from CNY 4.20 billion at the beginning of the year, reflecting a rise of about 8.6%[41]. - The company's equity attributable to shareholders reached CNY 6.46 billion as of September 30, 2022, compared to CNY 4.41 billion at the beginning of the year, indicating an increase of approximately 46.4%[41]. - The company's long-term borrowings increased to CNY 2.89 billion as of September 30, 2022, compared to CNY 2.47 billion at the beginning of the year, representing a growth of approximately 16.9%[41]. Segment Performance - The salt industry segment saw a profit increase of 355.73% due to optimized marketing strategies and product structure adjustments[15]. - The natural gas segment faced challenges due to insufficient market development and high costs, leading to operational losses[15]. - The wind power segment experienced a decline in profitability due to lower average wind speeds and reduced electricity sales[15]. - The company reported that the key driver for growth in the first three quarters of 2022 was the salt industry, with price increases starting in Q4 2021[28]. Shareholder and Capital Activities - The company completed a private placement of A-shares, raising a total of RMB 1,865,890,488.64, with a net amount of RMB 1,856,671,722.66 after deducting related expenses[29]. - The actual number of shares issued in the private placement was 159,750,898 shares, priced at RMB 11.68 per share[29]. - The capital reserve increased by 81.32% to ¥3,783,519,874.44, mainly due to the confirmation of capital reserves from the private placement of shares[16]. - The company’s major shareholders include Yunnan Energy Investment Group Co., Ltd., holding 31.11% of shares, and Yunnan Energy Investment New Energy Development Co., Ltd., holding 22.01%[20]. - The company’s stock from major shareholders will be locked for 18 months post-listing, while other investors will have a 6-month lock-up period[29]. Regulatory and Operational Updates - The company has not completed the land requisition for its production base due to local planning changes, with a remaining prepaid land amount of ¥52,189,200[24]. - The company established a wholly-owned subsidiary, Huanning Yunneng Investment New Energy Development Co., Ltd., to expand its business operations[29]. - The company completed the registration changes for its business scope and registered capital on October 25, 2022[29]. - The company plans to strictly adhere to legal regulations for timely information disclosure, highlighting the uncertainties in its performance outlook for 2022[28]. - The company is facing uncertainties in its performance growth due to market conditions in the salt and natural gas sectors[28].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[18] - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[18] - The company's operating revenue for the reporting period was ¥1,225,238,342.49, representing a 14.76% increase compared to the previous year's adjusted revenue of ¥1,067,627,816.17[26] - The net profit attributable to shareholders was ¥176,306,070.87, marking a 37.90% increase from the previous year's adjusted net profit of ¥127,852,182.71[26] - The net cash flow from operating activities reached ¥362,468,362.17, a significant increase of 239.03% compared to the previous year's adjusted cash flow of ¥106,912,400.31[26] - The total profit reached 21,018.70 CNY, reflecting a year-on-year growth of 20.93%[96] - The company’s cash flow from operating activities saw a remarkable increase of 239.03%, totaling 362,468,362.17 CNY[96] - The company’s total operating costs increased by 12.97% to CNY 103,514,132.38, compared to CNY 91,632,562.92 in the previous year[102] Market Expansion and Strategy - The company plans to expand its market presence by increasing its renewable energy projects, targeting a 25% growth in capacity by the end of 2023[18] - Future guidance indicates a projected revenue growth of 10% for the second half of 2022, driven by increased demand in the energy sector[18] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[18] - The company aims to achieve an additional 50 million kW of new energy installed capacity over the next three years, focusing on solar power project development and construction[57] - The company plans to ensure a green energy installed capacity of 5.13 million kW by the end of the 14th Five-Year Plan, with 2.59 million kW from wind power and 2.54 million kW from solar power[60] - The company plans to continue expanding its wind power projects and enhance its investment in renewable energy technologies[99] Research and Development - The company has invested RMB 200 million in R&D for new energy technologies, aiming to launch two new products by the end of 2022[18] - The company’s research and development investment decreased by 23.09% to 1,020,284.70 CNY compared to the previous year[96] - The company has established several technology innovation platforms, including a provincial-level enterprise technology center and an academician expert workstation[64] Renewable Energy Initiatives - The renewable energy sector in China saw a 15.9% year-on-year increase in investment in major energy projects during the first half of 2022[36] - The installed capacity of renewable energy generation in China reached 1.118 billion kilowatts by the end of June 2022, with hydropower, wind power, and solar power contributing significantly to this growth[36] - The company is actively integrating provincial natural gas networks into the national pipeline network, enhancing the efficiency of gas transportation across regions[44] - The company is committed to expanding its renewable energy reserves, ensuring that several photovoltaic projects are ready for construction within the year[146] Operational Challenges and Risks - Risks identified include rising raw material prices and market competition, which could impact future profitability[6] - The company faces risks from rising raw material prices, industry fluctuations, and competition in the electricity market, which may impact operational performance[145] - The wind speed decreased by approximately 4% year-on-year, leading to a reduction in power generation and operational efficiency in the wind power segment[145] Environmental and Social Responsibility - The company has implemented strict compliance with environmental regulations, with no reported violations during the reporting period[174] - The company has committed to avoiding competition with Yunnan Salt Chemical and has adhered to this commitment since September 11, 2014, ensuring no substantial competition arises between the two entities[181] - The company has undertaken measures to support poverty alleviation and rural revitalization, including sending team members to assist in local development projects[177] - The company allocated a total of 18,400 yuan for the construction of two connecting roads in the village, which has been completed and is now in use, improving villagers' access and enhancing their quality of life[177] Subsidiary Performance - Yunnan Energy Investment Co., Ltd. reported a total revenue of CNY 669.69 million for the reporting period, with a net profit attributable to the parent company of CNY 112.48 million[138] - The subsidiary Dayaoyun Energy Development Co., Ltd. achieved a revenue of CNY 66.81 million and a net profit of CNY 33.46 million, with a total installed capacity of 88 MW in its wind power projects[138] - Yunnan Salt Industry Co., Ltd. generated a net profit of CNY 112,480,167.23, contributing significantly to the company's overall profitability[131] - Yunnan Natural Gas Co., Ltd. reported a net loss of CNY 34,376,127.18, impacting the company's financial performance[131] Compliance and Governance - The company has committed to providing accurate and complete information regarding the major asset restructuring, ensuring no false records or misleading statements[186] - The company will ensure that all documents provided during the restructuring are consistent with original documents and that signatories are authorized[186] - Yunnan Energy Investment Group has committed to compensating Yunnan Salt Chemical for any losses incurred due to violations of its commitments[198]

Financial Performance - The company's operating revenue for Q1 2022 was ¥623,238,610.52, an increase of 13.21% compared to ¥550,518,645.98 in the same period last year[4] - Net profit attributable to shareholders was ¥128,586,884.78, representing a growth of 37.35% from ¥93,622,616.26 in the previous year[4] - Basic earnings per share were ¥0.1690, up 37.40% from ¥0.1230 in the previous year[4] - The net profit for the current period is 133,611,373.62, an increase from 97,356,963.20 in the previous period, representing a growth of approximately 37.2%[34] - The total comprehensive income attributable to the parent company's owners is 128,586,884.78, compared to 93,622,616.26 in the previous period, representing an increase of about 37.4%[34] - The total operating profit for the current period is 159,369,952.74, up from 117,750,299.71 in the previous period, which is an increase of approximately 35.4%[34] Cash Flow - The net cash flow from operating activities reached ¥64,688,128.74, a significant increase of 272.35% compared to ¥17,372,889.90 in the same period last year[4] - Cash flow from operating activities for the current period is 64,688,128.74, significantly up from 17,372,889.90 in the previous period, marking a growth of approximately 272.5%[38] - The total cash inflow from investment activities is 591,714,914.59, down from 661,955,138.90 in the previous period, reflecting a decrease of about 10.6%[41] - The net cash flow from investment activities is -629,357,415.05, an improvement from -780,289,412.74 in the previous period, indicating a reduction in cash outflow by approximately 19.3%[41] - The total cash and cash equivalents at the end of the period is 609,794,350.27, down from 683,606,351.22 in the previous period, reflecting a decrease of about 10.8%[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,996,318,316.25, reflecting a 1.73% increase from ¥9,826,381,887.86 at the end of the previous year[6] - Total liabilities rose to CNY 4,236,648,851.96 from CNY 4,201,585,573.42, an increase of 0.8%[28] - Current assets totaled CNY 2,772,310,813.48, up from CNY 2,610,141,941.48, indicating a growth of 6.2%[28] - Non-current assets slightly increased to CNY 7,224,007,502.77 from CNY 7,216,239,946.38, showing a marginal growth of 0.1%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,699[12] - Yunnan Energy Investment Group Co., Ltd. holds 31.63% of shares, totaling 240,735,345 shares[12] - Yunnan Energy Investment New Energy Investment Development Co., Ltd. holds 26.63% of shares, totaling 202,649,230 shares, with 81,050,000 shares pledged[12] - Yuntianhua Group Co., Ltd. holds 19.67% of shares, totaling 149,654,728 shares[12] Government Subsidies and Expenses - The company received government subsidies related to food salt reserves amounting to ¥10,878,376.23 during the reporting period[7] - The company reported a significant increase in management expenses by 34.65% to ¥66,491,137.59, primarily due to performance bonuses linked to sales volume[11] - The company’s investment income decreased by 34.98% to ¥4,961,269.80, attributed to reduced returns from financial products[11] - The company reported other income of CNY 13,162,155.73, significantly higher than CNY 5,363,177.18 in the previous period, marking an increase of 145.7%[31] Inventory and Accounts Receivable - Inventory increased to CNY 101,135,449.24 from CNY 87,029,883.37, reflecting a growth of 16.2%[28] - Accounts receivable increased from RMB 1,060.52 million to RMB 1,208.86 million during the reporting period[22] Projects and Investments - The company disclosed the commencement of construction for the Tongquan Wind Power Project by its wholly-owned subsidiary on March 11, 2022[20] - The company signed an investment development agreement for a photovoltaic project with the Huaining County government on January 12, 2022[20] - The company launched new products through its wholly-owned subsidiary, Yunnan Salt Industry Co., Ltd., on March 7, 2022[20] - The company announced a non-public stock issuance plan, which was approved by the board and shareholders, pending approval from the China Securities Regulatory Commission[20] Land Requisition Issues - The total amount of prepaid land fees related to land requisition is 52.1892 million RMB[16] - The company continues to communicate with local government to resolve land requisition issues[16] - The company has not completed the land requisition due to changes in local construction planning[16] Debt and Financial Assistance - The company provided a entrusted loan of RMB 1.47 million to Tianmeng Company to alleviate its financial pressure, with the loan period from 2013 to November 24, 2015, and no interest charged[18] - As of the report date, Tianmeng Company has been unable to repay the entrusted loan due to severe financial difficulties, with its salt production facility in Laos remaining idle due to intense market competition[18] - The company is actively pursuing debt-to-equity swaps, asset restructuring, and other solutions with Tianmeng Company's stakeholders, but has not reached an agreement[18] Research and Development - Research and development expenses were CNY 585,798.38, down from CNY 822,742.17, indicating a decrease of 28.8%[31] Audit Status - The company has not undergone an audit for the first quarter report[42]

Financial Performance - The company reported a total share capital of 760,978,566, with a cash dividend of 0.20 RMB per 10 shares (including tax) and no bonus shares issued[6]. - The company's operating revenue for 2021 was CNY 2,258,831,334.92, representing a 13.49% increase compared to CNY 1,990,278,508.36 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 251,728,867.77, an increase of 8.71% from CNY 231,558,396.73 in 2020[25]. - The basic earnings per share for 2021 was CNY 0.3308, reflecting an 8.71% increase from CNY 0.3043 in 2020[26]. - The total assets at the end of 2021 amounted to CNY 9,831,039,393.36, a 2.92% increase from CNY 9,552,190,267.85 at the end of 2020[26]. - The net assets attributable to shareholders at the end of 2021 were CNY 4,415,014,989.53, up 6.07% from CNY 4,162,424,129.11 at the end of 2020[26]. - The company reported a net cash flow from operating activities of CNY 556,937,222.28 for 2021, showing a 1.35% increase from CNY 549,505,580.23 in 2020[26]. - The company achieved a total operating revenue of CNY 2,258,831,334.92, an increase of 13.49% compared to the previous year[82]. - The company's profit attributable to shareholders reached CNY 25,172.89 million, reflecting an 8.71% increase year-on-year[81]. - The total revenue for 2021 reached CNY 1,920,693,160.45, representing a year-on-year increase of 12.45%[86]. Business Strategy and Development - The company plans to expand its clean energy business, which has been enhanced by the acquisition of assets in the new energy sector[23]. - The company has maintained its dual main business model of salt and natural gas since 2016, with ongoing developments in the natural gas sector[23]. - The company is focusing on renewable energy projects, particularly wind power, to capitalize on the historical opportunity presented by the national "carbon peak and carbon neutrality" strategy[41]. - The company plans to significantly increase its wind power capacity by 437.84% with the addition of four new wind power projects totaling 1,620 MW[41]. - The company is actively pursuing a strategy of "operating a batch, developing a batch, and reserving a batch" in its renewable energy projects[65]. - The company plans to significantly increase its installed capacity by focusing on wind and solar energy projects, with a total planned capacity of 1,570 MW for three wind farms approved by the Yunnan Provincial Development and Reform Commission[55]. - The company aims to achieve a total investment of approximately 6.137 billion CNY in 2022[142]. - By the end of the "14th Five-Year Plan" (2025), the company targets total assets exceeding 35 billion CNY and operating revenue reaching 4.7 billion CNY[141]. - The company plans to sell 1.65 million tons of salt products and 2.45572 billion standard cubic meters of natural gas in 2022[142]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic fluctuations, industry policy risks, market competition risks, and project construction risks[6]. - The company's future plans and forecasts are subject to risks and should be approached with caution by investors[5]. - The company faces risks from macroeconomic fluctuations, which could impact demand in the salt, natural gas, and electricity sectors[143]. - The company anticipates a 26% increase in coal procurement costs and a 35.88% rise in the price of purchased soda ash, affecting production costs[149]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[4]. - The company has established a comprehensive risk management system to enhance its operational efficiency and control over product inventory and energy consumption[74]. - The company has implemented a robust internal management and control system to ensure effective operation and compliance with laws[173]. - The company maintains an independent business structure with a complete supply and sales system, ensuring no reliance on shareholders or related parties[171]. - The company has established a performance evaluation and incentive mechanism linking senior management compensation to company performance and individual achievements[170]. - The company has three independent directors, ensuring compliance with legal and regulatory requirements for board composition[170]. - The company conducts regular communication with regulatory bodies to ensure compliance and proper reporting of relevant matters[170]. Environmental and Social Responsibility - The company has a commitment to environmental and social responsibility, as outlined in its annual report[19]. - The company has developed a range of natural, pollution-free salt products, enhancing its market position and contributing to economic, social, and ecological benefits in Yunnan Province[41]. - The company is actively promoting a transition towards low-carbon and market-oriented development, focusing on large-scale and intensive transformation in the new energy sector[150]. Market and Product Development - The company has established several technological and research advantages, including a provincial-level enterprise technology center and a high-tech enterprise certification[57]. - The company is developing new functional salt products aimed at reducing sugar and fat content, utilizing white kidney bean extracts[102]. - The company is focusing on the development of new technologies and products to enhance operational efficiency and sustainability[192]. - The company has successfully reduced operational costs by 5%, improving overall profit margins[200]. Stakeholder Engagement - The company has a dedicated investor relations team, including a board secretary and a securities affairs representative, to facilitate communication with stakeholders[21]. - The company actively engages with stakeholders, respecting the rights of creditors, employees, and consumers, and emphasizes social responsibility[170]. Subsidiaries and Investments - The company established a wholly-owned subsidiary for the investment and construction of the Yongning Wind Power Project in October 2021[94]. - The company’s subsidiary, Yunnan Natural Gas Co., Ltd., generated a net profit of ¥7,395,356.51, contributing significantly to the overall financial performance[131]. - The company’s subsidiary, Yunnan Salt Industry Co., Ltd., reported a net profit of ¥104,244,976.13, reflecting strong operational performance in the salt production sector[131]. - The company invested CNY 51.91 million in Guangdong Guangyan Group Co., Ltd., acquiring a 14.97% stake, which generated a net profit of CNY 96.10 million[138]. Leadership and Management Changes - The company reported significant management changes, including the resignation of Vice General Managers Yang Jian and Li Chunming on September 7, 2021[184]. - The company appointed Yang Jianjun as the new General Manager on March 19, 2021, following the resignation of previous management[184]. - The company announced the election of new board members, including Zhou Manfu as Chairman and Li Qinghua as a non-independent director on April 7, 2021[185]. - The company has undergone a significant leadership transition, with a new board and management team in place to drive future growth[184].

Financial Performance - The company's operating revenue for Q3 2021 was ¥479,942,892.29, an increase of 30.57% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was -¥11,068,462.43, a decrease in loss of 20.92% year-on-year[4] - The cumulative operating revenue from January to September 2021 reached ¥1,537,862,124.52, reflecting an 11.25% increase year-on-year[4] - The cumulative net profit attributable to shareholders from January to September 2021 was ¥116,901,602.71, a decrease of 32.37% compared to the same period last year[4] - Total profit decreased by 30.11% from CNY 235,081,410.86 to CNY 164,309,710.64, primarily due to rising procurement prices of raw coal and natural gas[11] - Net profit decreased by 33.86% from CNY 191,673,355.33 to CNY 126,773,816.57, attributed to increased costs and expected credit losses on clean energy price subsidies[11] - The total revenue for the third quarter of 2021 reached ¥1,537,862,124.52, an increase of 11.3% compared to ¥1,382,398,617.26 in the same period last year[43] - The operating profit for the current period is CNY 166,884,858.55, down from CNY 236,461,754.05, reflecting a decline of 29.4%[50] - The total comprehensive income attributable to the parent company's owners is CNY 116,901,602.71, a decrease of 32.5% from CNY 172,848,884.74[50] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥9,746,622,030.81, representing a 2.04% increase from the end of the previous year[6] - The company's total assets as of September 30, 2021, amounted to ¥9,746,622,030.81, compared to ¥9,552,190,267.85 at the end of 2020, indicating a growth of 2.0%[38] - The company's total liabilities were ¥4,256,546,922.27, compared to ¥4,179,720,375.40, marking an increase of 1.8%[42] - The equity attributable to shareholders of the parent company rose to ¥4,280,303,381.07 from ¥4,162,424,129.11, reflecting a growth of 2.8%[42] - Current assets totaled ¥2,664,019,784.01, slightly up from ¥2,634,179,485.57, showing an increase of 1.1%[38] - Non-current assets increased to ¥7,082,602,246.80 from ¥6,918,010,782.28, representing a growth of 2.4%[38] Cash Flow - The company reported a net cash flow from operating activities of ¥238,238,495.20, which decreased by 6.40% year-on-year[4] - The cash flow from operating activities netted CNY 238,238,495.20, a decrease of 6.4% compared to CNY 254,523,038.36 in the previous period[53] - The net cash flow from investing activities improved by 37.97% from CNY -1,604,886,733.97 to CNY -995,488,589.00, mainly due to reduced payments for short-term bank financial products[14] - Cash inflow from financing activities totaled $813.58 million, an increase from $786.99 million year-over-year[57] - Cash outflow from financing activities amounted to $889.76 million, compared to $535.79 million in the previous year[57] - Net cash flow from financing activities was negative at -$76.18 million, a significant decrease from $251.20 million in the prior year[57] - The ending balance of cash and cash equivalents was $546.38 million, down from $560.88 million year-over-year[57] - Cash and cash equivalents decreased by 60.36% from CNY 1,380,322,983.32 to CNY 547,216,564.24 due to increased bank financial product purchases and engineering expenditures[11] Operational Challenges and Strategies - The main reason for the loss is the low wind power generation during the small wind season in Yunnan Province from June to October, leading to decreased operating revenue, although the company has actively promoted salt and natural gas products to reduce losses year-on-year[11] - The company aims to strengthen sales of small bagged salt and industrial salt, enhance pricing power, and control costs in the salt segment, while also ensuring stable and efficient operation of wind turbines during the favorable wind season[11] - The company plans to leverage market opportunities in the fourth quarter to achieve annual operational goals through various strategies[11] Research and Development - Research and development expenses decreased by 64.97% from CNY 6,961,505.64 to CNY 2,438,492.18, with plans for increased investment in the fourth quarter[11] - Research and development expenses decreased to CNY 2,438,492.18 from CNY 6,961,505.64, a reduction of 65%[50] Corporate Governance and Changes - The company's board of directors underwent significant changes, with the resignation of the chairman and other key executives, and new appointments were made[25] - The company’s board of directors approved the election of new supervisory board members on April 28, 2021[30] - The company’s legal representative was changed from Mr. Xie Yihua to Mr. Zhou Manfu on April 8, 2021[30] Government Support and Compliance - The company received government subsidies, leading to an 83.92% increase in deferred income from CNY 53,683,935.59 to CNY 98,734,896.50[11] - An administrative penalty of 130,000 RMB was imposed on Yunnan Salt Industry Co., Ltd. for environmental violations, which has been rectified and paid[30] - The company received government subsidies for Yuxi Energy Investment Natural Gas Industry Development Co., Ltd. on June 17, 2021, and for Qujing Energy Investment Natural Gas Industry Development Co., Ltd. on July 14, 2021[30] Asset Management - The company has a prepayment balance of RMB 52.19 million for land acquisition that remains unresolved due to local planning changes[22] - The company provided a trust loan of RMB 1.47 million to its associate Tianmeng Company, which has not been repaid due to the company's financial difficulties[22] Future Projects - The company is actively conducting feasibility studies for new wind power projects, including Yongning Wind Farm and Jinzhong Wind Farm[30] - The company plans to expand its wind power project portfolio with the approval of the Tongquan Wind Power Plant project on July 13, 2021[30] Compliance and Reporting - The third quarter report of Yunnan Energy Investment Co., Ltd. has not been audited[68] - The board of directors released the third quarter report on October 29, 2021[68] - The company has implemented new leasing standards starting from 2021, with retrospective adjustments to prior comparative data[68]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 15%[21]. - The company's operating revenue for the reporting period was ¥1,057,919,232.23, representing a 4.25% increase compared to ¥1,014,816,809.92 in the same period last year[31]. - Net profit attributable to shareholders decreased by 31.51% to ¥127,970,065.14 from ¥186,844,691.79 year-on-year[31]. - The total profit for the reporting period was CNY 17,404,670, a decrease of 30.02% year-on-year[74]. - The net cash flow from operating activities fell by 60.88% to ¥108,862,210.94, down from ¥278,261,336.45 in the previous year[31]. - Basic earnings per share decreased by 31.49% to ¥0.1682, compared to ¥0.2455 in the same period last year[31]. - Cash and cash equivalents decreased to ¥1,007,050,091.12, accounting for 10.43% of total assets, down from 14.45% last year, a decrease of 4.02%[89]. - The company reported a net loss of ¥10,961,161.48 due to credit impairment provisions[88]. Revenue Breakdown - Natural gas revenue surged by 83.93% to ¥271,463,937.74, up from ¥147,589,589.26 in the previous year, accounting for 25.66% of total revenue[81]. - Revenue from the food sector decreased by 7.03% to ¥279,776,724.97, down from ¥300,937,506.26, representing 26.45% of total revenue[81]. - The company's gross profit margin for the chemical sector fell to 3.39%, down 26.84% year-on-year, with revenue declining by 9.15%[81]. - Revenue from the wind power sector decreased by 6.64% to ¥265,960,567.92, with a gross profit margin of 69.73%[81]. - The company's revenue from domestic sales increased by 18.23% to ¥941,287,746.22, while revenue from outside the province dropped by 46.66% to ¥116,631,486.01[81]. Market Expansion and Development - The company plans to expand its market presence by entering two new provinces, aiming for a market share increase of 5% in those regions[21]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2021, indicating a projected growth of 10% compared to 2020[21]. - New product development includes the launch of a renewable energy project expected to contribute an additional 300 million RMB in revenue by the end of 2022[21]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities, with a budget allocation of 500 million RMB for this purpose[21]. Operational Challenges and Risks - The company has identified risks related to raw material price increases, particularly in the salt segment, which could impact profit margins[6]. - The company is facing competitive risks in the electricity market, which may affect future performance if not managed effectively[6]. - Increased competition in the salt market has led to a decline in sales volume for small packaged salt products, impacting market share and pricing[120]. - The company faces risks related to rising raw material prices in the salt sector, which could adversely affect operations[120]. - The company is experiencing slow market development in the natural gas segment due to factors like gas pricing and industry policies[123]. Environmental and Safety Initiatives - Environmental and safety measures are being prioritized, with an investment of 100 million RMB planned for compliance and sustainability initiatives[21]. - The total emissions for sulfur dioxide were 56.89 tons, nitrogen oxides 109.13 tons, and particulate matter 10.22 tons, all within the regulatory limits[141]. - The company has established complete boiler flue gas treatment facilities, ensuring stable operation and compliance with pollution discharge standards[141]. - The company emphasizes safety and environmental protection, ensuring compliance with pollution control measures, but faces risks from potential equipment failures and stricter future regulations[123]. Employee and Governance Matters - The company appointed Yang Jianjun as the new General Manager on March 19, 2021[131]. - Zhou Manfu was elected as the new Chairman of the Board on April 7, 2021[131]. - A total of 419 employees participated in the first employee stock ownership plan, with a total of 35.68 million shares subscribed, amounting to 35.68 million RMB[134]. - The first employee stock ownership plan holds 4,024,224 shares, representing 0.529% of the company's total share capital[134]. - The company has implemented an employee stock ownership plan to enhance employee motivation and align interests with long-term corporate development[134]. Investment and Asset Management - The total investment amount for the reporting period was ¥223,370,310.42, a 34.55% increase from ¥166,017,272.80 in the same period last year[97]. - The company has established a new investment in Yunnan Energy Investment Co., Ltd. with an investment amount of ¥4,998,000.00, holding a 51% stake[97]. - The total investment in the natural gas pipeline projects during the reporting period amounted to CNY 23,348,401.09, with a cumulative actual investment of CNY 658,149,492.17[101]. - The company has committed to fully fulfilling its capital contribution obligations for the equity stakes held, with no violations of shareholder duties or responsibilities[163]. Subsidiary Performance - The subsidiary Yunnan Natural Gas Co., Ltd. reported a net profit of CNY -1,673,006.21, with total assets of CNY 4,034,057,419.60[113]. - The subsidiary Yunnan Energy Investment Co., Ltd. generated a net profit of CNY 36,783,687.08 from renewable energy projects[113]. - Yunnan Energy Investment Co., Ltd. reported a total revenue of 518.94 million CNY and a net profit attributable to shareholders of 24.45 million CNY for its subsidiary Yunnan Salt Industry Co., Ltd. during the reporting period[116]. Compliance and Legal Matters - The company has not faced any significant civil litigation or arbitration related to economic disputes in the last five years[172]. - The company has maintained compliance with all regulatory requirements and has passed annual business inspections since its establishment[172]. - The company has not been subject to any administrative or criminal penalties in the last five years[172]. - The company reported a fine of RMB 10 million due to violations related to wastewater discharge, which has been paid and corrective actions have been taken[196].

Financial Performance - The company's operating revenue for Q1 2021 was ¥545,730,034.15, representing a 3.06% increase compared to ¥529,551,931.17 in the same period last year[9] - Net profit attributable to shareholders decreased by 21.90% to ¥93,455,156.75 from ¥119,657,293.97 year-on-year[9] - Basic and diluted earnings per share fell by 21.88% to ¥0.1228 from ¥0.1572 in the same period last year[9] - The total profit for the reporting period was CNY 117.58 million, a decrease of CNY 33.60 million or 22.22% year-on-year, with net profit attributable to shareholders decreasing by CNY 26.20 million or 21.90%[23] - The net profit attributable to shareholders for the first quarter of 2021 was CNY 13,343.31 million, a decrease of 28.59% compared to CNY 18,684.47 million in the same period last year[42] - Basic earnings per share for the first quarter of 2021 was CNY 0.1753, down 28.59% from CNY 0.2455 in the previous year[42] - The decline in performance is attributed to intensified competition in the salt market, rising raw coal prices, and the cancellation of social security reduction policies from the previous year[42] Cash Flow - The net cash flow from operating activities dropped significantly by 82.51%, amounting to ¥19,162,872.89 compared to ¥109,585,385.13 in the previous year[9] - Cash flow from operating activities showed a net outflow of CNY 19.16 million, a decrease of 82.51% compared to the previous period[26] - The company's cash and cash equivalents decreased to approximately CNY 684.12 million from CNY 1.38 billion, representing a decline of about 50.5%[62] - The net cash flow from operating activities was 19,162,872.89 yuan, down from 109,585,385.13 yuan in the previous period[100] - The ending cash and cash equivalents balance was 683,606,351.22 yuan, down from 729,561,247.63 yuan year-over-year[102] Assets and Liabilities - Total assets increased by 1.85% to ¥9,728,595,400.29 from ¥9,552,190,267.85 at the end of the previous year[9] - The total liabilities stood at approximately CNY 3.79 billion, with current liabilities accounting for a significant portion of this figure[66] - The total liabilities amounted to CNY 4,257,752,115.57, up from CNY 4,179,720,375.40, indicating an increase of about 1.4%[72] - The total current liabilities were CNY 1,751,431,779.37, slightly down from CNY 1,759,553,310.52, a decrease of about 0.9%[72] - The total assets amounted to CNY 9,728,595,400.29, up from CNY 9,552,190,267.85, indicating an increase of about 1.8%[71] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,233[13] - The largest shareholder, Yunnan Energy Investment Group, holds a 31.63% stake in the company[13] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[20] Management Changes - The board of directors received resignation letters from Chairman Xie Yihua, General Manager Zhou Lixin, and Director Shu Yixin, effective immediately, due to other work commitments[29] - The board appointed CFO Deng Ping as the acting Chairman and nominated Li Qinghua, Zhou Manfu, and Yang Jianjun as candidates for non-independent directors[29] - The company held a shareholder meeting on April 7, 2021, electing new non-independent directors and confirming Zhou Manfu as the new Chairman[32] - The supervisory board received resignation letters from Chairwoman He Juanjuan and Supervisor Yang Jihong, which will not affect the board's operations[32] Research and Development - The company reported a 54.27% decrease in R&D expenses, totaling CNY 822,742.17, due to reduced investment in research and development during the reporting period[26] Other Income and Investments - The company reported non-operating income of ¥4,187,331.96, primarily from financial product gains[9] - The company has confirmed investment income from its associate company, Guangdong Guangyan Group, amounting to CNY 4.01 million, reflecting a significant increase of 3031.91%[26] - Other income increased by 447.34% to CNY 5.36 million, primarily due to an increase in VAT refunds during the reporting period[26] Debt and Recovery Efforts - The company provided a entrusted loan of RMB 147 million to Tianmeng Company, which has been overdue since November 26, 2015, with Tianmeng Company unable to repay due to severe financial difficulties[29] - The company is actively pursuing debt-to-equity swaps, asset restructuring, and other recovery strategies with Tianmeng Company, but has not reached an agreement with other stakeholders[29] - The company continues to face challenges in recovering the overdue loan due to Tianmeng Company's ongoing operational difficulties in Laos[29] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period, indicating a stable financial management approach[56] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, reflecting good governance practices[57] - The company has been disclosing the progress of the overdue entrusted loan in accordance with Shenzhen Stock Exchange regulations[29]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[16]. - The company's operating revenue for 2020 was ¥1,990,278,508.36, representing a 2.96% increase compared to ¥1,933,137,923.65 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥231,558,396.73, a decrease of 11.81% from ¥262,558,043.16 in 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥200,250,036.61, which is a 53.97% increase from ¥130,054,723.73 in 2019[23]. - The net cash flow from operating activities for 2020 was ¥549,505,580.23, up by 3.95% from ¥528,618,071.83 in 2019[23]. - The total assets at the end of 2020 were ¥9,552,190,267.85, an increase of 7.38% from ¥8,896,054,903.55 at the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were ¥4,162,424,129.11, reflecting a 4.28% increase from ¥3,991,529,486.94 at the end of 2019[25]. - The basic earnings per share for 2020 was ¥0.3043, down by 11.80% from ¥0.3450 in 2019[25]. - The weighted average return on equity for 2020 was 5.69%, a decrease of 1.15% from 6.84% in 2019[25]. Market Expansion and Strategy - The company plans to expand its market presence by increasing its investment in renewable energy projects, targeting a 20% growth in this sector by 2022[16]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on companies in the renewable energy space[16]. - The company has established a strategic partnership with local governments to facilitate the expansion of its energy infrastructure projects[16]. - The company is actively expanding its natural gas supply rights in various industrial parks and cities, enhancing its market presence[36]. - The company aims to become the leading salt industry supply group in Southwest China and among the top three nationally, leveraging its resource advantages[42]. - The company is focused on enhancing its dual main business model of "salt + clean energy" to drive growth and market competitiveness[42]. - The company plans to continue investing in ongoing projects in the salt and natural gas sectors, reflecting a commitment to market expansion[104]. Risks and Challenges - The company faces risks related to raw material price fluctuations, with a projected increase of 5% in costs for 2021[5]. - Future guidance estimates a revenue growth of 10-15% for 2021, driven by increased demand in the energy sector[16]. - The company acknowledges the risk of competition in the electricity market, particularly for wind power projects, which may affect profitability[145]. - The company is addressing the risk of accounts receivable collection due to changes in the marketing environment post-salt industry reform[144]. - The company faces risks from rising raw material prices, particularly coal, which may impact operations due to tight supply and potential price increases[144]. Research and Development - The company has initiated the development of new energy technologies, with an investment of RMB 50 million allocated for research and development in 2021[16]. - The company has been recognized as a "National High-tech Enterprise" and is committed to enhancing R&D capabilities to meet diverse market demands[43]. - The company’s technology center maintained its status as a provincial-level enterprise technology center, highlighting its commitment to innovation[50]. - In 2020, the company's R&D investment amounted to ¥11,284,581.67, representing a 24.44% increase from ¥9,068,432.59 in 2019[94]. - The number of R&D personnel increased significantly to 220, up 358.33% from 48 in 2019, with R&D personnel accounting for 8.60% of the total workforce[94]. Operational Highlights - The company operates in three main sectors: salt industry, natural gas, and wind power, with a total installed capacity of 370 MW from seven wind farms[36]. - The company has established a comprehensive natural gas infrastructure, including 18 pipeline projects and three emergency gas supply centers across various cities in Yunnan province[36]. - The company’s subsidiary, Yunnan Salt Industry Co., is the largest salt producer in Yunnan and holds the only provincial wholesale license for salt production[34]. - The company’s salt products include table salt, industrial salt, and various personal care salts under the "Aifuni" brand, which has been recognized as a famous trademark in Yunnan[34]. - The company’s wind power projects are strategically located in areas with high wind resources, focusing on sustainable energy development[36]. Future Outlook - The company plans to develop three new wind power projects with a total planned installed capacity of 1,570 MW, currently in the preparatory stage[56]. - The company anticipates a total investment of approximately 1.024 billion CNY in 2021, excluding new wind power project investments[142]. - The company is focusing on renewable energy projects, particularly wind power, in line with China's carbon neutrality goals[140]. - The company plans to invest in three wind power projects with a total installed capacity of 1,570 MW to enhance its clean energy business and competitiveness[161]. - The company aims to accelerate capital operations and strategic transformation to achieve rapid growth in line with its 14th Five-Year Plan[146]. Corporate Governance and Compliance - The company has established a clear profit distribution policy, ensuring communication with independent directors and minority shareholders during decision-making processes[152]. - The company emphasizes the protection of minority shareholders' rights in its profit distribution policy[152]. - The company has committed to ensuring that all information related to the major asset restructuring is true, accurate, and complete, with no false records or misleading statements[187]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions[199]. - The company has established a long-term commitment to comply with all regulatory requirements during the restructuring process[188].

Financial Performance - Operating revenue for the reporting period was ¥367,581,807.34, a decrease of 0.65% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was -¥13,995,807.05, representing a significant decline of 200,350.49% year-on-year[9]. - The net cash flow from operating activities was -¥23,738,298.09, a decrease of 143.48% compared to the same period last year[9]. - Basic earnings per share were -¥0.0184, a decrease of 100.00% compared to the same period last year[9]. - The weighted average return on net assets was -0.34%, down from 4.26% in the same period last year[9]. - The total profit for Q3 2020 was CNY -13.64 million, a decrease of 271.77% year-on-year, attributed to a 4.34% increase in total operating costs[21]. - The net profit attributable to shareholders for Q3 2020 was CNY -13.99 million, a decrease of 200,350.49% year-on-year, with a cumulative net profit of CNY 172.85 million for the first nine months, down 17.80%[21]. - The net profit for the period was a loss of ¥12.37 million, compared to a profit of ¥1.99 million in the previous period, indicating a significant decline in profitability[123]. - The total comprehensive income for the period was a loss of ¥12.37 million, compared to a profit of ¥1.99 million in the previous period[126]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,405,790,826.17, an increase of 5.73% compared to the end of the previous year[9]. - The company's current assets totaled CNY 2,720,465,459.35, compared to CNY 2,782,865,720.82 in the previous period, indicating a slight decrease[101]. - The total liabilities amounted to CNY 2,365.37 million, with a notable increase in accounts payable to CNY 562,356,569.17[102]. - Total liabilities increased to CNY 4,098,889,127.11 from CNY 3,707,281,270.09, representing a growth of approximately 10.5% year-over-year[107]. - The company's short-term borrowings increased significantly to CNY 510,000,000.00 from CNY 134,800,000.00 in the previous period[104]. - The total non-current liabilities amounted to CNY 2,548,105,391.84, up from CNY 2,484,270,671.82, reflecting an increase of approximately 2.6%[107]. Cash Flow - The net cash flow from operating activities is CNY 254,523,038.36, an increase from CNY 184,524,390.97 in the previous period[151]. - Cash inflow from operating activities totaled CNY 1,165,681,512.88, up from CNY 1,023,151,360.64 year-over-year[151]. - The net cash flow from investment activities is -CNY 1,604,886,733.97, worsening from -CNY 478,096,432.46 year-over-year[154]. - Cash inflow from financing activities amounted to CNY 786,988,561.89, compared to CNY 399,345,017.83 in the previous period[154]. - The total cash and cash equivalents at the end of the period is CNY 560,882,735.93, down from CNY 372,386,740.40 in the previous year[154]. Shareholder Information - The top shareholder, Yunnan Energy Investment Group Co., Ltd., holds 31.63% of the shares, totaling 240,735,345 shares[14]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[18]. Research and Development - Research and development expenses increased by 309.21% to CNY 2.47 million, reflecting enhanced investment in various salt technologies[24]. - Research and development expenses rose to ¥6,961,505.64, compared to ¥3,037,849.45 in the previous period, indicating an increase of approximately 129.5%[134]. Government Subsidies and Investments - The company reported a government subsidy of ¥9,526,537.21, which is closely related to its business operations[9]. - The company plans to invest up to RMB 722.67 million in the capital increase project of Guangdong Guangyan Group, pending final auction results[29]. - The company received government subsidies for its subsidiary Yunnan Salt Industry Co., Ltd. on June 30, 2020[36]. Financial Management - The company has no overdue amounts in its entrusted financial management activities, indicating effective liquidity management[46]. - The company has successfully recovered all principal amounts from its financial products, demonstrating effective risk management[49]. - The company has shown a proactive approach in managing its financial products, with consistent returns and full recoveries across various offerings[82]. Market Presence and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[139]. - The company has been included in the key cultivation enterprise list for the "Double Hundred" project in Yunnan Province, indicating government support for its growth[41].