证券代码：002092 证券简称：中泰化学 公告编号：2019-070 至17:30。 新疆中泰化学股份有限公司 关于参加 2019 年新疆辖区上市公司 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。 | --- | |-------------------------------------------------------------------------------| | | | 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 | | 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2019 年7月 | | 下午 15:00-17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司组织开 | | 展的 2019 年新疆辖区上市公司投资者集体接待日活动。现将有关事项公告如下： | | 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 | | 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " | | （ http://rs.p ...

Financial Performance - The company's operating revenue for Q1 2019 was CNY 18,495,779,695.51, representing an increase of 80.01% compared to CNY 10,274,887,134.11 in the same period last year[10] - The net profit attributable to shareholders was CNY 187,812,268.98, a decrease of 55.76% from CNY 424,552,848.12 year-on-year[10] - The total profit decreased by 55.52% compared to the same period last year, primarily due to the increase in operating costs outpacing revenue growth[35] - The company expects a net profit decline of 50% or more for the first half of 2019, with a projected range of net profit attributable to shareholders between 30 million and 60 million yuan, compared to 124.3 million yuan in the same period of 2018[45] - The company reported a decrease in basic earnings per share to CNY 0.0875, down 55.76% from CNY 0.1978 in the previous year[10] Cash Flow - The net cash flow from operating activities surged to CNY 646,191,162.11, a significant increase of 3,596.70% compared to CNY 17,480,199.97 in the previous year[10] - Net cash flow from operating activities was -¥3,311,765,043.30, worsening from -¥15,485,825.70 in the previous period[94] - Cash inflow from investment activities was ¥3,929,425,226.93, significantly up from ¥1,643,694,094.83 in the previous period[94] - Cash outflow from operating activities totaled ¥8,114,418,930.69, an increase of 58.77% compared to ¥5,102,321,865.67 in the previous period[94] Assets and Liabilities - The total assets at the end of the reporting period were CNY 62,649,613,074.38, reflecting a growth of 6.86% from CNY 58,627,985,736.63 at the end of the previous year[10] - Total liabilities amounted to ¥41,752,409,090.18, an increase from ¥38,880,021,800.00, reflecting a growth of about 4.77%[60] - The company's total current assets were CNY 12,713,406,039.39, while non-current assets totaled CNY 23,025,112,784.84[108] - The total owner's equity attributable to the parent company reached CNY 18,921,840,486.81, with minority interests at CNY 826,123,449.82[104] Operating Costs and Expenses - Operating costs increased by 94.44% compared to the same period last year, mainly due to the expansion of the company's full industry chain operations[28] - R&D expenses increased by 549.33% compared to the same period last year, reflecting the company's increased investment in research and development[29] - The company reported a decrease in tax and additional fees to ¥60,102,697.01 from ¥77,750,085.68, a reduction of about 22.8%[74] Shareholder Information - The top shareholder, Xinjiang Zhongtai (Group) Co., Ltd., held 19.35% of the shares, amounting to 415,444,140 shares[14] - The company did not engage in any repurchase transactions during the reporting period[17] Government Support - The company received government subsidies amounting to CNY 8,571,273.32, which are closely related to its business operations[12] Production and Projects - In Q1 2019, the company produced 434,500 tons of PVC resin, 307,000 tons of caustic soda, 171,100 tons of viscose fiber, and 66,430 tons of calcium carbide[41] - The company is advancing projects including a 300,000 tons/year high-performance resin industrial park and a 5 million tons/year coal comprehensive utilization project, which will enhance profitability upon completion[41] Market Strategy - The company is focusing on enhancing product quality and expanding into high-end markets within its textile sector, increasing the production ratio of high-count yarns[41]

Financial Performance - The company's operating revenue for 2018 was ¥70,222,629,869.87, representing a 71.03% increase compared to ¥41,059,027,041.86 in 2017[28]. - The net profit attributable to shareholders for 2018 was ¥2,428,013,752.65, a slight increase of 1.07% from ¥2,402,315,993.11 in 2017[28]. - The net cash flow from operating activities reached ¥6,392,524,794.38, marking a 70.31% increase from ¥3,753,359,830.03 in 2017[28]. - The total assets at the end of 2018 amounted to ¥58,627,985,736.63, which is a 5.39% increase from ¥55,627,409,851.44 at the end of 2017[28]. - The company reported a basic earnings per share of ¥1.0826 for 2018, a 1.12% increase from ¥1.0706 in 2017[28]. - The weighted average return on net assets was 13.00% in 2018, down from 14.54% in 2017, reflecting a decrease of 1.54%[28]. - The company's total operating revenue for the year 2018 was approximately ¥47.24 billion, representing a year-on-year increase of 127.21%[61]. - The net profit for 2018 was CNY 25,612.08 million, achieving 100.32% of the planned target, with the net profit attributable to the parent company being CNY 24,280.14 million[148]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.70 RMB per 10 shares based on a total share capital of 2,146,449,598 shares as of December 31, 2018[10]. - The cash dividend for 2018 was CNY 364,896,431.66, which is 15.03% of the net profit attributable to shareholders[178]. - The cash dividend represents 100% of the distributable profit of 3,103,818,023.15 CNY for the reporting period[179]. - The company has a three-year shareholder return plan from 2017 to 2019, which includes clear dividend policies and decision-making processes[172]. - The company did not propose any stock dividends or capital reserve transfers during the reporting period[181]. Business Operations and Expansion - The company has expanded its main business to include the production and sales of viscose fibers and viscose yarns, in addition to its existing PVC resin and ion-exchange membrane caustic soda operations[21]. - The company has established a complete integrated circular economy industrial chain from coal to thermal power to chlor-alkali chemicals and viscose fiber[37]. - The company aims to leverage its location advantage in Urumqi, Xinjiang, to enhance its trade model and promote steady revenue growth[37]. - The company expanded its PVC products into new markets such as municipal pipe corridors, communication equipment, and high-end manufacturing, enhancing its competitive edge in consumer goods[38]. - The company is actively expanding its market presence through various investment projects and strategic initiatives[95]. - The company plans to expand its production capacity in the chlor-alkali chemical industry through mergers and acquisitions to increase market share[145]. Risk Management - The company emphasizes the importance of risk awareness regarding market environment, environmental protection, human resources, and financial risks in its operations[8]. - The company’s future plans and operational strategies are subject to risks and do not constitute a commitment to investors[7]. - The company faces risks related to market environment, environmental regulations, human resources, and financial management, and has outlined specific measures to mitigate these risks[158][159][162][163]. Research and Development - Research and development expenses increased by 2,131.07% to ¥35,313,121.60, attributed to enhanced R&D investment[75]. - R&D investment amounted to ¥1,071,793,757.39, a 262.05% increase compared to the previous year[82]. - The proportion of R&D investment to operating income was 1.53%, up from 0.72% in the previous year[85]. - The company successfully developed high-impact PVC composite resin for industrial applications, achieving stable production and signing cooperation agreements with downstream manufacturers[75]. - The company applied for 284 patents, with 194 granted, including 33 invention patents[81]. Environmental and Safety Standards - The company is committed to enhancing its safety and environmental standards through systematic engineering projects[53]. - The company plans to invest in over a hundred key environmental protection projects to achieve wastewater recycling and meet emission standards[153]. - The company is committed to building a low-pollution, high-efficiency green enterprise through continuous improvement in energy conservation and emissions reduction[161]. Subsidiaries and Investments - The company has established several new subsidiaries to enhance its trading segment and environmental projects[140]. - The company invested CNY 52.04 million to increase its stake in Xinjiang Tianyu Coal Chemical Group to 51%[141]. - The company completed the acquisition of a 25% stake in Meike Chemical for CNY 913.06 million[141]. - The company has made significant equity investments, including ¥52,040,000.00 in Xinjiang Tianyu Coal Chemical Group, acquiring a 51.00% stake[93]. Audit and Internal Control - The company has not reported any significant internal control deficiencies or non-standard audit opinions for the reporting period[7]. - The company has engaged Ruihua Certified Public Accountants as its auditing firm for the reporting period[24]. - The company’s financial report for the year ended December 31, 2018, is guaranteed to be true, accurate, and complete by its management[5]. Market and Competitive Position - The company's chlor-alkali chemical products have been exported to over 80 countries and regions, including Russia, Japan, South Korea, India, Central Asia, Southeast Asia, Europe, South America, and Africa[49]. - The company achieved a PVC direct sales rate of 70%, enhancing its market influence through strategic partnerships with leading enterprises[56]. - The company is leveraging advanced technologies from partners like BASF to improve product quality and expand its market presence[154].

Financial Performance - Operating revenue for the period reached CNY 17,834,362,372.24, a growth of 76.78% year-on-year[9] - Net profit attributable to shareholders decreased by 4.15% to CNY 767,802,020.90[9] - Basic earnings per share decreased by 4.15% to CNY 0.3577[9] - The weighted average return on equity was 4.22%, down by 0.71% compared to the previous year[9] - The company reported a year-to-date revenue of CNY 45,183,231,285.84, an increase of 68.04% compared to the same period last year[9] - The company's operating revenue for the period reached ¥45.18 billion, an increase of 68.04% compared to ¥26.89 billion in the previous period, primarily due to increased product sales and price hikes[24] - The estimated net profit attributable to shareholders for 2018 is projected to be between 225 million and 265 million yuan, reflecting a change of -6.34% to 10.31% compared to the previous year[36] Assets and Liabilities - Total assets increased by 15.08% to CNY 64,018,461,117.35 compared to the end of the previous year[9] - The total assets increased significantly, with cash and cash equivalents rising by 46.53% to ¥6.60 billion, attributed to early repayment preparations for upcoming loans[20] - The company’s total liabilities increased by 30.75% to ¥8.61 billion, primarily due to an increase in bank acceptance bills[22] Cash Flow - Net cash flow from operating activities increased by 73.97% to CNY 3,245,807,237.31[9] - The net increase in cash and cash equivalents was ¥2.24 billion, a 69.05% rise from ¥1.32 billion, mainly due to early preparation of funds to repay loans due in the next quarter[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,813[14] - The largest shareholder, Xinjiang Zhongtai (Group) Co., Ltd., holds 19.35% of shares[14] Research and Development - Research and development expenses surged by 169.35% to ¥21.53 million, reflecting increased investment in R&D activities[24] Production and Inventory - The company produced 133.17 million tons of PVC resin and 92.76 million tons of caustic soda in the first nine months of 2018, indicating strong production capabilities[28] - The company’s inventory increased by 32.26% to ¥3.67 billion, primarily due to early winter storage of raw materials[20] Financing Activities - The company issued bonds totaling ¥4.89 billion, a 74.69% increase from the previous period, to support its financing needs[22] - The company plans to extend the validity period of the non-public stock issuance resolution for an additional 12 months, as the original period expired on March 17, 2018[31] - The company is currently awaiting approval from the China Securities Regulatory Commission for the non-public stock issuance[31] Strategic Initiatives - The company signed a restructuring framework agreement with Xinjiang Nengxiang Logistics Co., Ltd. to acquire a 2% stake in Ling Mountain Coking, aiming to revitalize its subsidiary and ensure the preservation and appreciation of state-owned assets[32] - The company holds a 49% stake in Ling Mountain Coking, while Xinjiang Nengxiang Logistics holds 46% and Urumqi Huanpeng Co., Ltd. holds 5%[32] Market Conditions - The company cites rising raw material prices and increased transportation costs as factors contributing to the uncertainty in market conditions affecting performance[36] Compliance and Governance - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[35] - There were no violations regarding external guarantees during the reporting period[39] - The company did not engage in any entrusted financial management during the reporting period[41] Investor Relations - The company conducted multiple investor relations activities, including site visits on July 10, August 17, August 29, September 5, and September 13, 2018[42]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 27,348,868,913.60, representing a 62.79% increase compared to CNY 16,800,189,095.04 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 1,242,984,395.72, showing a slight decrease of 0.11% from CNY 1,244,360,208.53 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 1,211,035,806.12, down 1.58% from CNY 1,230,455,816.94 year-on-year[15]. - The net cash flow from operating activities was CNY 660,216,723.14, a decrease of 48.20% compared to CNY 1,274,516,548.84 in the same period last year[15]. - The total assets at the end of the reporting period were CNY 61,189,420,739.51, an increase of 10.00% from CNY 55,627,409,851.44 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were CNY 19,316,036,982.24, reflecting a growth of 5.10% from CNY 18,379,551,149.85 at the end of the previous year[15]. - The basic earnings per share for the reporting period were CNY 0.5791, a slight decrease of 0.10% from CNY 0.5797 in the previous year[15]. - The diluted earnings per share were also CNY 0.5791, showing a decrease of 0.10% compared to CNY 0.5797 in the same period last year[15]. - The weighted average return on net assets was 7.14%, down from 8.11% in the previous year, a decrease of 0.97%[15]. - The company reported a total revenue of CNY 1,370,895.37 million and a net profit of CNY 281,974.50 million for the reporting period[74]. Investment and Expansion - The company has established a production capacity of 1.73 million tons of PVC resin, 1.2 million tons of ion membrane caustic soda, 510,000 tons of viscose fiber, and 2.7 million spindles of viscose yarn during the reporting period[24]. - The company has increased its construction projects by 62% compared to the beginning of the period, mainly due to the expansion of its subsidiary's projects[27]. - The company has invested CNY 4 billion in environmental protection, focusing on advanced energy-saving processes and automation[30]. - The company has invested CNY 54.26 million in research and development, representing a 22.52% increase from CNY 44.29 million in the previous year[46]. - The company completed one-third of the construction progress for the 300,000 tons/year high-performance resin industrial park project in Tokkuz, with other projects also advancing as planned[39]. - The company increased its stake in Tianyu Coal Chemical to 51% with an investment of CNY 52.04 million, enhancing its coal chemical industry layout in the Turpan region[42]. - The company plans to invest 1.2 billion RMB in its wholly-owned subsidiary, Tokuxun Energy Chemical, for the construction of a 600,000 tons/year calcium carbide project[92]. Market and Product Development - The company aims to expand its PVC products into high-end manufacturing sectors, including municipal pipe corridors and communication equipment[25]. - The company has expanded its market presence, exporting products to 54 countries and regions, including Russia, Japan, and Europe, enhancing its market reputation[38]. - The modern trade segment contributed CNY 16.56 billion, accounting for 60.54% of total revenue, with a growth rate of 109.29%[51]. - The chlor-alkali chemical segment generated CNY 6.68 billion, representing 24.44% of total revenue, with a growth of 10.68%[51]. - The company is focusing on the development of new profit growth points through the establishment of subsidiaries in agriculture and environmental technology[110]. Financial Management and Risks - The company has a high debt-to-asset ratio compared to industry averages due to capital-intensive operations, and is focusing on improving financial management and operational efficiency[121]. - The company is facing challenges due to a significant decrease in transportation subsidies, which has adversely affected the profitability of its fiber business[91]. - The company is addressing raw material supply risks by acquiring upstream suppliers and assisting them in meeting national safety and environmental standards[117]. - The company is committed to environmental compliance and is investing in new technologies to create a resource-saving and environmentally friendly enterprise[118]. - The company is facing human resource supply risks due to the expansion of its production bases and new product marketing, and is optimizing its talent acquisition strategy[120]. Corporate Governance and Compliance - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital during the reporting period[127]. - The company’s semi-annual financial report was not audited[129]. - There were no major litigation or arbitration matters during the reporting period[132]. - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[94]. - The company has confirmed no significant related party transactions involving asset acquisitions or sales during the reporting period[165]. Related Party Transactions - The company engaged in related party transactions totaling 19,569.98 million yuan for the purchase of raw materials, accounting for 24.97% of similar transactions[140]. - The company also reported related party transactions of 705.66 million yuan for transformer procurement, representing 0.48% of similar transactions[140]. - The company purchased materials from related parties totaling 5,786.87 million yuan, which is 3.90% of similar transactions[140]. - The company reported a related party transaction of 1,118.41 million yuan for limestone procurement, accounting for 11.90% of similar transactions[140]. Legal Matters - The company is involved in a lawsuit regarding a financing amount of 20 million yuan, with a court ruling requiring repayment of 23.701 million yuan including interest[133]. - The company and its guarantor are held jointly liable for the repayment, and they have the right to seek reimbursement from the primary debtor[133]. - The company has appealed a court ruling regarding the joint liability for the financing amount, asserting that it should not bear the guarantee responsibility[199]. - The company is actively pursuing legal remedies to recover losses related to the aforementioned case[199].

Financial Performance - The company's revenue for Q1 2018 was ¥10,274,887,134.11, representing a 52.74% increase compared to ¥6,727,032,264.64 in the same period last year[8]. - Net profit attributable to shareholders decreased by 39.13% to ¥424,552,848.12 from ¥697,521,813.22 year-on-year[8]. - Operating revenue increased by 52.74% year-on-year, mainly due to higher prices and sales volumes of main products, as well as the implementation of a full industry chain operation[26]. - Total profit decreased by 39.45% year-on-year, primarily because the increase in operating costs outpaced the increase in operating revenue[30]. - Net profit decreased by 39.55% year-on-year, mainly due to the same reason as total profit[31]. - The total profit for the period was CNY 503,685,400.46, a decrease of 39.4% compared to CNY 831,788,478.12 in the previous year[58]. - The company's operating profit was CNY 507,513,423.18, a decline of 39.0% from CNY 832,208,932.10 in Q1 2017[58]. - The basic and diluted earnings per share were both CNY 0.1978, down from CNY 0.325 in the same quarter last year[59]. - The net profit attributable to shareholders for the first half of 2018 is expected to range from 85,000,000 to 105,000,000 CNY, representing a decrease of 31.69% to 15.62% compared to 124,436,020 CNY in the same period of 2017[39]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥17,480,199.97, compared to a negative cash flow of ¥895,492,849.03 in the previous year, marking a 101.95% increase[8]. - Cash inflow from operating activities totaled CNY 13,518,054,637.17, compared to CNY 8,886,845,306.10 in the previous year, reflecting a significant increase[65]. - The company's cash and cash equivalents increased to ¥733.98 million from ¥574.70 million, indicating improved liquidity[53]. - The company reported a total cash and cash equivalents balance of 3,287,577,612.58 yuan at the end of the quarter, up from 2,576,579,125.77 yuan in the previous year[68]. - Cash inflow from operating activities was 5,086,836,039.97 yuan, an increase from 3,990,351,357.52 yuan year-on-year[71]. - The company incurred investment cash outflows totaling 2,562,015,002.76 yuan, leading to a net cash flow from investing activities of -918,320,907.93 yuan[72]. Assets and Liabilities - Total assets increased by 6.49% to ¥59,235,300,393.24 from ¥55,627,409,851.44 at the end of the previous year[8]. - Current assets totaled 22,661,925,674.63 CNY, up from 19,557,155,995.84 CNY at the start of the year[48]. - Total liabilities increased to ¥39.65 billion, up from ¥36.48 billion, reflecting a growth of 5.9%[51]. - Current liabilities totaled ¥29.61 billion, an increase of 16.9% from ¥25.40 billion at the beginning of the year[54]. - Total assets as of the end of Q1 2018 amounted to ¥33.79 billion, compared to ¥32.55 billion at the start of the year, reflecting a growth of 3.8%[54]. Shareholder Information - The total number of shareholders at the end of the reporting period was 97,868[13]. - The largest shareholder, Xinjiang Zhongtai (Group) Co., Ltd., holds 19.35% of the shares, totaling 415,444,140 shares[13]. - The company did not engage in any repurchase transactions during the reporting period[15]. Operational Highlights - The company produced 452,900 tons of PVC resin and 316,100 tons of caustic soda during the first quarter[36]. - The company is progressing with several projects, including a 300,000 tons/year high-performance resin industrial park and a 150,000 tons/year caustic soda project, which will enhance its profitability[36]. - The company completed a capital increase in Xinjiang Tianyu Coal Chemical Group Co., holding a 51% stake[37]. Inventory and Receivables - Accounts receivable increased by 62.97% compared to the beginning of the period, mainly due to the adjustment of credit limits for certain customers and an increase in unsettled sales at the end of the period[19]. - Prepayments increased by 83.66% compared to the beginning of the period, primarily due to an increase in advance payments for goods[20]. - Inventory rose to 3,227,443,996.56 CNY from 2,775,438,669.25 CNY[48]. - Accounts receivable decreased to 5,320,658,004.97 CNY from 6,282,071,818.12 CNY[48]. Cost Management - Operating costs increased by 76.47% year-on-year, primarily due to rising procurement costs[27]. - The company reported a decrease in sales expenses to CNY 401,163,861.03 from CNY 435,286,102.05 in the previous year[61]. - The financial expenses increased to CNY 50,909,376.07 from CNY 39,037,111.27 in Q1 2017, indicating rising costs[61].

Financial Performance - The company's operating revenue for 2017 was ¥41,059,027,041.86, representing a 75.75% increase compared to ¥23,362,324,089.22 in 2016[23]. - The net profit attributable to shareholders for 2017 was ¥2,402,315,993.11, a 30.31% increase from ¥1,843,474,395.45 in the previous year[23]. - The net cash flow from operating activities reached ¥3,753,359,830.03, marking a 95.19% increase compared to ¥1,922,884,355.76 in 2016[23]. - The total assets at the end of 2017 were ¥55,627,409,851.44, a 19.20% increase from ¥46,668,255,872.13 at the end of 2016[23]. - The basic earnings per share for 2017 was ¥1.1192, up 17.97% from ¥0.9487 in 2016[23]. - The company reported a total revenue of approximately 5.34 billion RMB for the financing leasing business, with a net profit of around 180.57 million RMB[123]. - The company reported a total revenue of 41,059.03 million yuan in 2017, completing 154.75% of the planned target[135]. - The net profit for 2017 was 2,453.02 million yuan, achieving 110.13% of the planned target[135]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares based on a total share capital of 2,146,449,598 shares as of December 31, 2017[10]. - The company declared a cash dividend of 321,967,439.70 CNY for the fiscal year 2017, representing 13.40% of the net profit attributable to ordinary shareholders[159]. - The cash dividend accounted for 100% of the total profit distribution for the year, with no stock dividends or capital reserve transfers planned[160]. - In 2016, the company distributed a cash dividend of 0.90 CNY per 10 shares, amounting to 193,180,463.82 CNY[155]. - For 2015, the cash dividend was set at 0.20 CNY per 10 shares, totaling 27,804,781.56 CNY[154]. Business Expansion and Operations - The company has expanded its main business to include the production and sales of viscose fiber and viscose yarn in addition to PVC resin and ion-exchange membrane caustic soda since its listing[18]. - The company operates in two main business segments: chlor-alkali chemicals and textile industry, focusing on products like PVC resin and viscose fiber[34]. - The company has engaged in various economic activities including modern trade, logistics, and supply chain management[34]. - The company has established a complete integrated circular economy industrial chain from coal to thermal power, chlor-alkali chemicals, viscose fibers, and viscose yarn, enhancing its core competitive advantages in resources, costs, scale, talent, safety, environmental protection, technological innovation, and brand effect[35]. - The company has successfully opened dual-directional China-Europe freight trains, enhancing logistics capabilities and becoming the first enterprise in Xinjiang to achieve full-line connectivity for these services[45]. - The company is leveraging the rich resources in Xinjiang and supportive government policies to strengthen its textile industry, aiming to enhance profitability in the viscose yarn segment[38][46]. - The company has plans for future expansion and investment in new technologies and products, focusing on textile and chemical industries[104]. Research and Development - The company has established a robust R&D framework and project management mechanism, collaborating with universities and research institutions to innovate new technologies and products[43]. - Research and development investment amounted to ¥296,036,360.11, an increase of 14.02% compared to the previous year[83]. - The number of R&D personnel increased by 59.23% to 1,070, representing 5.74% of the total workforce[82]. - The company successfully developed several new resin products, including low polymerization degree P-400 resin and high-impact resin projects in collaboration with universities[78][79]. - The company intends to enhance its R&D capabilities by establishing pilot bases in Qingdao, Beijing, and Shanghai[142]. - The company aims to develop high-impact PVC resin and diversify its product offerings in new materials and high-end applications[142]. Market and Product Strategy - The chlor-alkali chemical segment generated CNY 12.97 billion in revenue, accounting for 31.59% of total revenue, with a year-on-year growth of 23.80%[55]. - The modern trade segment saw significant growth, with revenue reaching CNY 20.79 billion, a remarkable increase of 183.81% compared to the previous year[55]. - The company is focusing on technological innovation and operational excellence, utilizing advanced management systems to improve efficiency and product quality[44]. - The company is focusing on enhancing its operational efficiency and profitability through technological advancements and project optimizations[114]. - The company plans to expand its PVC production capacity and enhance market share through mergers and acquisitions, leveraging abundant local resources[132]. - The textile segment aims to complete the construction of a 200,000-ton viscose fiber project in Aral and achieve a total layout of 900,000 tons of viscose fiber in Xinjiang[132]. Risk Management - The company emphasizes the importance of risk awareness regarding market environment, environmental protection, human resources, and financial risks in its operations[9]. - The company is focusing on enhancing internal control and cost management to mitigate market environment risks[144]. - The company is actively improving its environmental management practices to comply with evolving regulations[145]. - The company is addressing human resource shortages by optimizing its talent acquisition and training processes[146]. - The company is managing financial risks by improving operational management and optimizing its debt structure[148]. Acquisitions and Investments - The company acquired operational assets from Aral Fulida, enhancing its production capacity for viscose fiber to 90,000 tons per year[52]. - The company expanded its consolidation scope by adding five new subsidiaries during the reporting period[68]. - The company has committed to invest ¥157.74 million in the PVC resin project, which has undergone some changes[112]. - The company has made strategic adjustments in response to significant discrepancies in expected and actual fundraising amounts from its 2013 non-public stock issuance[115]. - The company has committed to using surplus funds for permanent working capital supplementation if project funds are left over after completion[115]. Compliance and Governance - The company has not reported any discrepancies between domestic and international accounting standards regarding net profit and net assets[26][27]. - The company has not reported any issues or problems regarding the use of raised funds[117]. - The company has made strategic commitments to avoid competition with its subsidiaries, ensuring compliance with regulatory requirements[162]. - The company is actively monitoring changes in government subsidy policies that could impact its profitability in the future[165]. - The company faced an investigation for price monopoly practices, with a disclosure date of September 29, 2017[186]. Procurement and Supply Chain - The company is actively monitoring market trends to adjust procurement strategies accordingly, ensuring competitive pricing and supply security[194]. - The total procurement activities reflect a diverse strategy aimed at stabilizing supply chain costs amid market fluctuations[194]. - The company reported a procurement price of 424.50 million for raw materials, reflecting a slight increase of 0.14%[194]. - The procurement price for coal was reported at 29,122.52 million, marking a substantial increase of 39.22%[196]. - The company is committed to leveraging new technologies in procurement processes to optimize resource allocation and reduce costs[196].

新疆中泰化学股份有限公司 2017 年第三季度报告正文 证券代码：002092 证券简称：中泰化学 公告编号：2017-174 新疆中泰化学股份有限公司 2017 年第三季度报告正文 1 新疆中泰化学股份有限公司 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。 公司负责人王洪欣、主管会计工作负责人胡晓东及会计机构负责人（会计 主管人员）侯洁声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆中泰化学股份有限公司 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） | 54,768,156,197.46 | | 46,668,255,872.13 ...

Financial Performance - The company's operating revenue for the reporting period reached ¥16,800,189,095.04, representing a 74.30% increase compared to ¥9,638,776,162.43 in the same period last year[15]. - Net profit attributable to shareholders was ¥1,244,360,208.53, a significant increase of 357.08% from ¥272,239,211.66 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥1,230,455,816.94, up 737.37% from ¥146,943,152.67 year-on-year[15]. - The net cash flow from operating activities was ¥1,274,516,548.84, an increase of 186.66% compared to ¥444,606,122.04 in the same period last year[15]. - Basic earnings per share rose to ¥0.5797, reflecting a 230.13% increase from ¥0.1756 in the previous year[15]. - Total assets at the end of the reporting period were ¥52,432,474,407.43, a 12.35% increase from ¥46,668,255,872.13 at the end of the previous year[15]. - The weighted average return on equity was 8.11%, up 5.30% from 2.81% in the same period last year[15]. Dividend and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - All directors attended the board meeting to review the report, ensuring comprehensive oversight[4]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital during the reporting period[129]. Operational Capacity and Production - The company has a production capacity of 1.53 million tons of PVC, 1.1 million tons of ion membrane caustic soda, 490,000 tons of viscose fiber, and 2.31 million spindles of viscose yarn, making it the largest chlor-alkali chemical producer in China[25]. - The production of polyvinyl chloride (PVC) reached 866,800 tons, while caustic soda production was 605,000 tons during the reporting period[39]. - The company is actively expanding its production capacity with ongoing projects, including a 200,000-ton caustic soda project and a high-performance resin industrial park[40]. Investments and Acquisitions - The company completed the acquisition of assets from Aral New Agricultural Fiber Co. for a total price of ¥1.17 billion, enhancing its production capacity[41]. - The company invested a total of 300 million RMB in Xinjiang Zhongtai New Materials Co., with Zhongtai Chemical contributing 60% (60 million RMB) and Zhongtai Group contributing 40% (40 million RMB)[70]. - Xinjiang Fulida, a subsidiary, will increase its capital by 240 million RMB to hold a 40% stake in Aral Fulida, which has a total registered capital of 260 million RMB[71]. - The company reported a significant non-equity investment of 787.39 million RMB in various projects, with a cumulative investment of 2.92 billion RMB by the end of the reporting period[78]. Research and Development - Research and development investment increased by 254.98% to ¥44.29 million, reflecting a significant commitment to innovation[45]. - The company has allocated a budget of 15 million for research and development in the upcoming year to foster innovation[180]. Market Expansion and Strategy - The company is focused on expanding its market presence through strategic investments and project developments in the textile and chemical industries[78]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[180]. - Market expansion efforts are being prioritized in regions with high growth potential, particularly in Asia and Europe[181]. Financial Management and Risks - The company has a high asset-liability ratio due to significant debt financing for expanding its chemical and viscose fiber sectors, which poses financial risks[124]. - The company has implemented measures to mitigate market environment risks by enhancing internal controls and cost management, and focusing on new product development[120]. Environmental and Social Responsibility - The company is committed to environmental protection and has implemented measures to comply with evolving regulations, including adopting new technologies for resource recycling[121]. - The company has actively participated in poverty alleviation efforts, including a donation of CNY 1,000,000 to support housing projects in the Hotan region[190]. - The company has created a "Love Education" fund, distributing CNY 250,000 to 113 impoverished families in the Hotan region[190]. Legal and Compliance Matters - The company is involved in a legal dispute regarding a financing amount of 20 million yuan, with a court ruling requiring repayment of 23.701 million yuan, including interest[135]. - The company has not reported any significant changes in the integrity status of its controlling shareholders during the reporting period[138]. - The company has disclosed its related party transactions in compliance with regulatory requirements[140].

Financial Performance - Revenue for Q1 2017 reached ¥6,727,032,264.64, an increase of 65.58% compared to ¥3,626,735,483.08 in the same period last year[9] - Net profit attributable to shareholders was ¥697,521,813.22, a significant increase of 1,166.47% from ¥46,636,811.36 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥680,206,931.93, up 1,208.64% from ¥26,807,280.90 in the previous year[9] - Basic earnings per share rose to ¥0.3250, reflecting a 750.79% increase from ¥0.0335 in the same period last year[9] - Net profit for the period was ¥712,267,342.64, reflecting a significant growth of 611.90% year-on-year[36] - The net profit attributable to shareholders for the first half of 2017 is expected to range from RMB 103 million to RMB 123 million, representing a year-on-year increase of 278.34% to 351.81%[47] - The main reason for the expected profit increase is the rise in the prices of the company's main products compared to the same period last year[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥51,122,062,563.38, representing a 9.54% increase from ¥39,015,917,567.37 at the end of the previous year[9] - Net assets attributable to shareholders increased to ¥16,988,331,148.37, a rise of 4.33% from ¥10,226,921,897.95 at the end of the previous year[9] - The company's total liabilities decreased by 47.43% for non-current liabilities due within one year, amounting to ¥1,113,990,323.39[26] - Accounts receivable increased by 55.37% to ¥1,642,050,447.64, attributed to increased credit limits for certain customers and higher uncollected sales amounts[23] - Inventory grew by 67.87% to ¥2,802,728,641.21, driven by rising raw material prices and adjustments in sales strategies[24] - The company reported a substantial increase in other receivables, which rose by 136.08% to ¥899,527,777.95, primarily due to new subsidiaries and increased subsidies[24] Cash Flow - The net cash flow from operating activities was negative at -¥895,492,849.03, a decline of 4,698.22% compared to ¥281,866.89 in the same period last year[9] - The company's cash flow from operating activities showed a net outflow of ¥895,492,849.03, a decline of 4,698.22% compared to the previous year[39] - The company's financing activities generated a net cash inflow of ¥2,297,653,130.13, a remarkable increase of 1,933.15% year-on-year[40] Production and Capacity - In Q1 2017, the company produced 428,800 tons of PVC resin, 301,100 tons of caustic soda, 81,500 tons of viscose fiber, 51,600 tons of yarn, 534,200 tons of calcium carbide, and generated 3.205 billion kWh of electricity[41] - The average selling price for PVC resin was 5,548 RMB/ton, caustic soda was 2,843 RMB/ton, viscose fiber was 13,070 RMB/ton, and yarn was 16,194 RMB/ton during the reporting period[41] - The company’s subsidiary, Xinjiang Fuli Zhenlun Cotton Spinning Co., Ltd., has a spinning capacity of 735,000 spindles after the completion of the first phase of its 1 million spindle project[41] - The second phase of the 1.3 million spindle project at Bazhou Jinfute Special Yarn Co., Ltd. is progressing as planned, currently achieving a spinning capacity of 1.35 million spindles[41] - Xinjiang Fuli Da Fiber Co., Ltd. completed a technical upgrade project for 30,000 tons of viscose fiber, now having an annual production capacity of 390,000 tons[41] Investments and Acquisitions - The company completed the acquisition of a 54% stake in Xinjiang Fulida Fiber Co., Ltd. and a 49% stake in Bazhou Jinfute Special Yarn Co., Ltd. in May 2016, impacting financial results[9] - The investment income surged by 692.01% to ¥13,586,632.23, mainly due to increased profits from joint ventures[32] Regulatory and Compliance - The company reported an asset impairment provision of RMB 9.68 million related to its subsidiary, which is not in compliance with national industrial policies and environmental regulations[45] - The company’s controlling subsidiary, Fukang Boda Coking Co., Ltd., has a 160,000-ton coking facility that is being phased out due to environmental policy adjustments[45] - The company has no overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[46] - There were no non-operating fund occupations by the controlling shareholders or their related parties during the reporting period[50] - The company has not conducted any research, communication, or interview activities during the reporting period[51] Future Plans - The company plans to actively promote the mining rights and related procedures for its large coal mine in accordance with the overall planning approved by the National Development and Reform Commission, which includes a total planned construction scale of 15.5 million tons per year[45] - The company’s public offering of shares is aimed at raising funds for the construction of a high-performance resin industrial park and supporting infrastructure in Turpan City[45]