陕西兴化化学股份有限公司 2017 年第一季度报告正文 证券代码：002109 证券简称：兴化股份 公告编号：2017-021 陕西兴化化学股份有限公司 2017 年第一季度报告正文 1 陕西兴化化学股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈团柱、主管会计工作负责人胡明松及会计机构负责人(会计主 管人员)丁燕声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西兴化化学股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减 | | 营业收入（元） | 514,471,151.40 | 353,642,937.59 | 45. ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the annual report content - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the annual report, with no false records, misleading statements, or major omissions[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 2016 fiscal year[5](index=5&type=chunk) - The reporting period refers to January 1, 2016, to December 31, 2016[10](index=10&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, registration changes, and key financial performance for 2016 [Company Basic Information](index=5&type=section&id=I.%20Company%20Information) This chapter provides the company's basic registration information, contact details, and information disclosure channels, with stock code 002109 Company Basic Information | Item | Content | | :--- | :--- | | Stock Abbreviation | *ST Xinghua | | Stock Code | 002109 | | Listing Exchange | Shenzhen Stock Exchange | | Company Full Chinese Name | Shaanxi Xinghua Chemical Co., Ltd. | | Legal Representative | Chen Tuanzhu | | Registered Address | Xingping City, Shaanxi Province | [Registration Changes](index=6&type=section&id=IV.%20Registration%20Changes) During the reporting period, the company completed a major asset restructuring, changing its main business and controlling shareholder - In November 2016, the company completed a major asset restructuring, transforming its main business from ammonium nitrate production and sales to the production and operation of chemical products such as synthetic ammonia, methanol, methylamine, and DMF[16](index=16&type=chunk) - Following the major asset restructuring, **Yanchang Group** directly and indirectly held a total of **69.37%** of the company's equity, becoming the new controlling shareholder[16](index=16&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2016, the company achieved 2.038 billion yuan in revenue, a 11.01% decrease, and a net profit of 28.08 million yuan, turning losses into profits 2016 Key Financial Indicators (Restated) | Indicator | 2016 | 2015 (Restated) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 2,037,593,757.03 | 2,289,748,525.06 | -11.01% | | Net Profit Attributable to Shareholders of Listed Company (yuan) | 28,082,357.45 | -144,455,398.43 | 119.44% | | Net Cash Flow from Operating Activities (yuan) | 213,391,064.75 | -124,351,062.57 | 271.60% | | Basic Earnings Per Share (yuan/share) | 0.0400 | -0.2058 | 119.44% | | Weighted Average Return on Net Assets | 0.73% | -12.66% | Increased by 13.39 percentage points | | Total Assets (yuan) | 4,439,175,497.76 | 6,371,685,938.19 | -30.33% | | Net Assets Attributable to Shareholders of Listed Company (yuan) | 3,122,480,821.88 | 3,959,718,659.71 | -21.14% | - Due to the asset restructuring constituting a business combination under common control, the company restated financial statement data for the opening and comparative periods[19](index=19&type=chunk) [Quarterly Key Financial Indicators](index=7&type=section&id=VIII.%20Quarterly%20Key%20Financial%20Indicators) The company incurred a loss in Q1 2016 but achieved profitability from Q2 onwards, with significant profit growth in Q4 2016 Quarterly Financial Indicators (Unit: yuan) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 353,642,937.59 | 629,733,768.59 | 528,163,975.27 | 526,053,075.58 | | Net Profit Attributable to Shareholders of Listed Company | -66,148,321.49 | 28,736,513.86 | 10,255,318.65 | 55,238,846.43 | [Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In 2016, total non-recurring gains and losses amounted to 87.29 million yuan, primarily from a business combination and government grants 2016 Major Non-Recurring Gains and Losses Items (Unit: yuan) | Item | 2016 Amount | | :--- | :--- | | Government Grants | 55,652,928.58 | | Net Profit/Loss of Subsidiaries from Beginning of Period to Acquisition Date Arising from Business Combination Under Common Control | 59,445,298.39 | | Enterprise Restructuring Expenses | -8,297,809.78 | | Net Other Non-Operating Income and Expenses | -10,641,986.52 | | **Total** | **87,287,838.99** | [Company Business Overview](index=9&type=section&id=Item%203.%20Company%20Business%20Overview) This section outlines the company's main business, products, operating model, and core competitive advantages after the restructuring [Main Business, Products, and Operating Model](index=9&type=section&id=I.%20Main%20Business%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) Post-restructuring, the company's main business is the production and sale of synthetic ammonia, methanol, methylamine, and DMF, driven by cost control and market expansion - The company's subsidiary, Xinghua Chemical, primarily produces and sells synthetic ammonia, methanol, methylamine, and DMF, widely used in fertilizers, pharmaceuticals, pesticides, and chemical raw materials[28](index=28&type=chunk) - The company's core operating model focuses on "controlling both ends and strengthening the middle," meaning managing procurement costs, expanding market sales, and optimizing production to reduce costs[32](index=32&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=III.%20Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its geographical proximity to coal, integrated utilization of processes, experienced management, and strong brand - Geographical advantage: The company is located near coal production areas, resulting in short coal procurement distances and significant cost advantages[36](index=36&type=chunk) - Integrated utilization advantage: Process optimization enables complementary synthetic ammonia and methanol processes and material recycling, effectively reducing production costs[36](index=36&type=chunk)[37](index=37&type=chunk) - Management and brand advantage: The company possesses over fifty years of industry management experience and leverages its Fortune Global 500 controlling shareholder, Yanchang Group, to enhance management and brand image[32](index=32&type=chunk)[38](index=38&type=chunk) [Management Discussion and Analysis](index=13&type=section&id=Item%204.%20Management%20Discussion%20and%20Analysis) This section discusses the company's operating performance, main business analysis, and future development outlook, including key risks [Operating Overview](index=13&type=section&id=I.%20Overview) In 2016, the company transformed its main business from ammonium nitrate to coal chemical products through a major asset restructuring, achieving profitability - The company's original ammonium nitrate business faced continuous depression due to overcapacity, weak demand, and stricter regulations, while the cancellation of preferential electricity policies for fertilizers increased cost pressure[41](index=41&type=chunk) - The company completed a major asset restructuring in 2016, injecting 100% equity of Xinghua Chemical, successfully transforming its main business[42](index=42&type=chunk)[44](index=44&type=chunk)[45](index=45&type=chunk) 2016 Performance Post-Restructuring | Indicator | Amount | | :--- | :--- | | Operating Revenue | 2.038 billion yuan | | Total Profit | 63.58 million yuan | | Net Profit Attributable to Parent Company | 28.08 million yuan | | Basic Earnings Per Share | 0.04 yuan | [Main Business Analysis](index=14&type=section&id=II.%20Main%20Business%20Analysis) In 2016, operating revenue decreased by 11.01% to 2.038 billion yuan, with chemical industry revenue dominating, while financial expenses significantly decreased 2016 Operating Revenue Composition (by Product) | Product | Revenue Amount (yuan) | Proportion of Operating Revenue | | :--- | :--- | :--- | | Ammonium Nitrate | 533,876,159.86 | 26.20% | | Liquid Ammonia | 454,201,378.99 | 22.29% | | Dimethylformamide | 309,786,213.89 | 15.20% | | Methanol | 301,364,164.67 | 14.79% | | Mixed Amine | 138,986,317.16 | 6.82% | - Financial expenses significantly decreased by **68.56%** year-on-year, primarily because Yanchang Group injected **2.9 billion yuan** into the subsidiary in December 2015 to repay borrowings, reducing interest expenses in 2016[60](index=60&type=chunk) - Net cash flow from operating activities increased by **271.60%** year-on-year, mainly due to improved operating performance, collection of accounts receivable, and changes in the scope of consolidated business[63](index=63&type=chunk)[64](index=64&type=chunk) [Outlook on Company's Future Development](index=23&type=section&id=IX.%20Outlook%20on%20Company%27s%20Future%20Development) The company aims for 1.428 billion yuan in revenue and 146 million yuan in total profit in 2017, while facing various industry and operational risks - 2017 operating targets: achieve operating revenue of **1.428 billion yuan** and total profit of **146 million yuan**[76](index=76&type=chunk) - Key risks faced by the company include: - Economic cycle fluctuations and industry policy risks - High customer concentration risk - Production safety and environmental protection risks - Raw material (coal) price fluctuation risk - Product sales price fluctuation risk - Significant proportion of related party transactions risk[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk) [Significant Events](index=25&type=section&id=Item%205.%20Significant%20Events) This section covers the company's profit distribution, fulfillment of commitments, changes in accounting policies, consolidation scope, and significant related party transactions [Profit Distribution](index=25&type=section&id=I.%20Profit%20Distribution%20of%20Common%20Shares%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital) The company has not distributed profits for three consecutive years (2014-2016) due to negative parent company cash flow and unmitigated subsidiary losses - The company has not distributed profits for three consecutive years (2014-2016)[83](index=83&type=chunk)[84](index=84&type=chunk)[85](index=85&type=chunk) - The main reasons for no dividend distribution in 2016 are the parent company's negative cash flow and inability to distribute dividends, and the subsidiary's historical losses not yet fully offset[85](index=85&type=chunk)[86](index=86&type=chunk)[87](index=87&type=chunk) [Fulfillment of Commitments](index=26&type=section&id=III.%20Fulfillment%20of%20Commitments) All commitments related to the major asset restructuring, including Yanchang Group's profit guarantee for Xinghua Chemical, are being fulfilled - Yanchang Group committed that Xinghua Chemical's guaranteed net profits for 2016, 2017, and 2018 would be no less than **80 million yuan**, **108 million yuan**, and **108 million yuan**, respectively[90](index=90&type=chunk) - In 2016, Xinghua Chemical achieved an actual net profit of **121 million yuan**, fulfilling its performance commitment for the year[98](index=98&type=chunk) [Changes in Accounting Policies and Estimates](index=35&type=section&id=VI.%20Explanation%20of%20Changes%20in%20Accounting%20Policies%2C%20Estimates%2C%20and%20Methods%20Compared%20to%20Prior%20Year%27s%20Financial%20Report) The company changed accounting estimates for fixed asset depreciation and residual value from April 1, 2016, increasing net profit by 64.34 million yuan - The company changed accounting estimates for depreciation periods and residual values of certain fixed assets, which reduced accumulated depreciation by **78.10 million yuan** and increased net profit attributable to the parent company by **64.34 million yuan** in the 2016 consolidated financial statements[100](index=100&type=chunk) [Changes in Consolidation Scope](index=35&type=section&id=VIII.%20Explanation%20of%20Changes%20in%20Consolidation%20Scope%20Compared%20to%20Prior%20Year%27s%20Financial%20Report) Due to a major asset restructuring, the company's consolidation scope changed, with two subsidiaries removed and Xinghua Chemical added and restated - Due to asset swap, Shaanxi Xingfu Fertilizer Co., Ltd. and Xinghua Shares (Jiangxi) Chemical Co., Ltd. were no longer included in the consolidation scope from November 2016[102](index=102&type=chunk)[75](index=75&type=chunk) - Due to asset swap, Shaanxi Yanchang Petroleum Xinghua Chemical Co., Ltd. was included from November 2016, with comparative period data restated as a business combination under common control[102](index=102&type=chunk)[57](index=57&type=chunk) [Significant Related Party Transactions](index=37&type=section&id=XVI.%20Significant%20Related%20Party%20Transactions) The company engaged in significant asset swap and equity transfer transactions with Yanchang Group, alongside ongoing related party transactions in operations and financial services - The company swapped assets with a book value of **1.003 billion yuan** with Yanchang Group for Xinghua Chemical equity, valued at **1.087 billion yuan**[113](index=113&type=chunk) - The company transferred its **1%** equity in Shaanxi Yanchang Petroleum Finance Co., Ltd. to controlling shareholder Yanchang Group for **13.20 million yuan**, realizing an investment gain of **3.20 million yuan**[114](index=114&type=chunk) - The company held bank deposits with related party Shaanxi Yanchang Petroleum Finance Co., Ltd., with an ending balance of **109 million yuan**[118](index=118&type=chunk) [Share Changes and Shareholder Information](index=46&type=section&id=Item%206.%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and shareholder structure, including the new controlling shareholder after the major asset restructuring [Share Changes](index=46&type=section&id=I.%20Share%20Changes) Due to a major asset restructuring, the company issued 343,563,193 new shares, increasing total share capital from 358.4 million to 701.96 million shares - Due to the major asset restructuring, the company issued **338,637,570 shares** to Yanchang Group and **4,925,623 shares** to Shaanxi Blower Group[143](index=143&type=chunk) Changes in Total Share Capital Before and After Share Changes | Item | Before Change | After Change | | :--- | :--- | :--- | | Total Share Capital (shares) | 358,400,000 | 701,963,193 | | Restricted Shares (shares) | 0 | 491,878,986 | | Unrestricted Shares (shares) | 358,400,000 | 210,084,207 | [Shareholders and Actual Controller Information](index=48&type=section&id=III.%20Shareholders%20and%20Actual%20Controller%20Information) At the end of the reporting period, the company had 19,975 shareholders, with Yanchang Group becoming the new controlling shareholder, while the actual controller remained Shaanxi SASAC - On December 23, 2016, the company's controlling shareholder changed from Shaanxi Xinghua Group Co., Ltd. to Shaanxi Yanchang Petroleum (Group) Co., Ltd.[155](index=155&type=chunk) - The company's actual controller remained unchanged, still being the Shaanxi Provincial People's Government State-owned Assets Supervision and Administration Commission[149](index=149&type=chunk)[156](index=156&type=chunk) Top Two Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Shaanxi Yanchang Petroleum (Group) Co., Ltd. | 48.24% | 338,637,570 | | Shaanxi Xinghua Group Co., Ltd. | 21.13% | 148,315,793 | [Preferred Shares Information](index=54&type=section&id=Item%207.%20Preferred%20Shares%20Information) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares](index=54&type=section&id=Preferred%20Shares) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[162](index=162&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=55&type=section&id=Item%208.%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section provides information on the holdings and remuneration of directors, supervisors, and senior management, as well as overall employee statistics [Changes in Holdings of Directors, Supervisors, and Senior Management](index=55&type=section&id=I.%20Changes%20in%20Holdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the holdings of all directors, supervisors, and senior management remained unchanged at zero - During the reporting period, the ending shareholdings of all company directors, supervisors, and senior management were **0**[164](index=164&type=chunk)[165](index=165&type=chunk) [Remuneration of Directors, Supervisors, and Senior Management](index=59&type=section&id=IV.%20Remuneration%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) In 2016, the company paid a total of 1.43 million yuan (pre-tax) in remuneration to its directors, supervisors, and senior management - The total remuneration for the company's directors, supervisors, and senior management during the reporting period was **1.43 million yuan**[176](index=176&type=chunk) [Employee Information](index=60&type=section&id=V.%20Company%20Employee%20Information) As of the end of the reporting period, the company had 746 employees, with production personnel being the largest group and approximately 45% holding bachelor's degrees or higher Employee Count and Composition | Category | Number of People | | :--- | :--- | | Total Employees | 746 | | **Professional Composition** | | | Production Personnel | 611 | | Sales Personnel | 15 | | Technical Personnel | 37 | | Financial Personnel | 13 | | Administrative Personnel | 70 | | **Educational Background** | | | Postgraduate and Above | 3 | | Undergraduate | 331 | | Junior College | 238 | | Technical Secondary School and Below | 174 | [Corporate Governance](index=62&type=section&id=Item%209.%20Corporate%20Governance) This section describes the company's corporate governance structure, adherence to regulations, and the independent performance of duties by its independent directors [Basic Status of Corporate Governance](index=62&type=section&id=I.%20Basic%20Status%20of%20Corporate%20Governance) The company's corporate governance structure complies with legal requirements, maintaining independence from its controlling shareholder in all key aspects - The company's corporate governance structure complies with relevant laws and regulations, with independent and balanced power, executive, and supervisory bodies, and clear responsibilities[182](index=182&type=chunk) - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, possessing complete and independent business operations and autonomous management capabilities[183](index=183&type=chunk)[185](index=185&type=chunk) [Performance of Duties by Independent Directors](index=64&type=section&id=V.%20Performance%20of%20Duties%20by%20Independent%20Directors%20During%20the%20Reporting%20Period) During the reporting period, independent directors diligently attended all board meetings and provided independent opinions on significant matters without objection - During the reporting period, all three independent directors attended all **9** board meetings, with no absences[189](index=189&type=chunk) - Independent directors raised no objections to company matters, and their suggestions were all adopted by the company[189](index=189&type=chunk)[190](index=190&type=chunk) [Corporate Bonds Information](index=68&type=section&id=Item%2010.%20Corporate%20Bonds%20Information) This section confirms that the company had no outstanding corporate bonds during the reporting period [Corporate Bonds](index=68&type=section&id=Corporate%20Bonds) During the reporting period, the company had no corporate bonds publicly issued and listed on a stock exchange that were unexpired or not fully redeemed - The company had no unexpired or unredeemed corporate bonds during the reporting period[200](index=200&type=chunk) [Financial Report](index=69&type=section&id=Item%2011.%20Financial%20Report) This section presents the company's audited financial statements for 2016, including the audit report, key financial statements, and detailed notes [Audit Report](index=69&type=section&id=I.%20Audit%20Report) Sigma Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2016 financial report - The auditing firm, Sigma Certified Public Accountants (Special General Partnership), issued a standard unqualified audit opinion[202](index=202&type=chunk)[205](index=205&type=chunk) [Financial Statements](index=70&type=section&id=II.%20Financial%20Statements) This chapter presents the company's 2016 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity Consolidated Balance Sheet Summary (Unit: yuan) | Item | Period-End Balance | Period-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 4,439,175,497.76 | 6,371,685,938.19 | | Total Liabilities | 1,316,694,675.88 | 2,376,629,524.88 | | Total Equity Attributable to Parent Company Owners | 3,122,480,821.88 | 3,959,718,659.71 | Consolidated Income Statement Summary (Unit: yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 2,037,593,757.03 | 2,289,748,525.06 | | Operating Profit | 18,573,265.54 | -331,064,959.31 | | Total Profit | 63,584,207.60 | -301,453,839.54 | | Net Profit Attributable to Parent Company Owners | 28,082,357.45 | -144,455,398.43 | Consolidated Cash Flow Statement Summary (Unit: yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 213,391,064.75 | -124,351,062.57 | | Net Cash Flow from Investing Activities | -3,697,101.23 | -31,668,426.17 | | Net Cash Flow from Financing Activities | -204,243,213.53 | 75,983,109.06 | | Net Increase in Cash and Cash Equivalents | 5,662,589.52 | -79,021,127.31 | [Notes to Consolidated Financial Statements](index=107&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statements) This chapter provides detailed explanations of key consolidated financial statement items, including cash, receivables, fixed assets, and short-term borrowings - The period-end cash and cash equivalents balance was **179.87 million yuan**, of which **60 million yuan** was restricted as bank acceptance bill deposits[323](index=323&type=chunk) - Among the top five accounts receivable balances at period-end, related parties Xinghua Group and Yanchang Group Refining & Chemical Company collectively accounted for **94.49%** of total accounts receivable[339](index=339&type=chunk) - The decrease in non-current assets such as fixed assets, construction in progress, and intangible assets was primarily due to asset swaps in the major asset restructuring during the current period[390](index=390&type=chunk)[407](index=407&type=chunk)[413](index=413&type=chunk) [Reference Documents Catalog](index=167&type=section&id=Item%2012.%20Reference%20Documents%20Catalog) This section lists the documents available for reference, including signed financial statements, audit reports, and public disclosures - Reference documents include financial statements signed by the legal representative, original audit reports, original copies of all publicly disclosed documents and announcements during the reporting period, available at the company's securities department[603](index=603&type=chunk)

[Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal responsibilities - The company's board of directors, supervisory board, and all senior executives guarantee the report content is true, accurate, and complete, free from false records, misleading statements, or major omissions[4](index=4&type=chunk) - The company's responsible person, general manager, and chief accountant declare that the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Key Financial Data and Shareholder Changes](index=3&type=section&id=Key%20Financial%20Data%20and%20Shareholder%20Changes) In Q3 2016, total assets and net assets decreased from year-start, operating revenue slightly declined, but net loss attributable to shareholders narrowed by 23.22% Key Financial Data for Q3 2016 | Indicator | End of Reporting Period/Current Period | Year-Beginning to End of Reporting Period | Year-on-Year/Compared to End of Last Year Change | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 1,675,386,705.44 | - | -5.51% | | Net Assets Attributable to Shareholders of Listed Company (RMB) | 952,258,506.50 | - | -7.02% | | Operating Revenue (RMB) | 218,061,608.96 | 631,865,989.66 | -1.64% (Year-to-date) | | Net Profit Attributable to Shareholders of Listed Company (RMB) | -24,587,137.12 | -71,255,334.37 | 23.22% (Year-to-date) | | Net Cash Flow from Operating Activities (RMB) | - | -14,153,315.19 | 69.85% (Year-to-date) | | Basic Earnings Per Share (RMB/share) | -0.0686 | -0.1988 | 23.22% (Year-to-date) | Non-recurring Gains and Losses from Year-Beginning to End of Reporting Period | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 14,077,759.01 | Sale of idle Phase 1-3 nitric acid production lines | | Government Grants | 1,498,928.56 | - | | Gains from Disposal of Available-for-sale Financial Assets | 3,196,200.00 | - | | Net Other Non-operating Income and Expenses | -8,227,268.18 | - | | **Total** | **11,040,525.79** | - | - As of the end of the reporting period, the total number of common shareholders was **20,019**[12](index=12&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | | :--- | :--- | :--- | | Shaanxi Xinghua Group Co., Ltd. | State-owned Legal Person | 41.38% | | Changzhou Investment Group Co., Ltd. | State-owned Legal Person | 0.96% | | Dong Can | Domestic Natural Person | 0.89% | | Zheng Minwei | Domestic Natural Person | 0.65% | | Societe Generale | Overseas Legal Person | 0.56% | [Significant Matters](index=6&type=section&id=Significant%20Matters) The company advanced a major asset restructuring approved by CSRC, significantly increased investment and non-operating income through asset disposals, and forecasts a full-year 2016 loss, while controlling shareholders fulfilled commitments [Analysis of Changes in Financial Items](index=6&type=section&id=Analysis%20of%20Changes%20in%20Financial%20Items) Several financial indicators changed significantly, with accounts receivable increasing by 89.83% and notes receivable decreasing by 69.50%, while investment and non-operating income surged from asset disposals - Accounts receivable increased by **89.83%** from the beginning of the period, primarily due to intense market competition for main products to ensure market share[16](index=16&type=chunk) - Investment income increased by **899.05%** year-on-year, mainly due to the disposal of available-for-sale financial assets during the reporting period[17](index=17&type=chunk) - Non-operating income increased by **394.11%** year-on-year, primarily due to the net gain from the sale of idle Phase 1-3 nitric acid production lines during the reporting period[17](index=17&type=chunk) - Net cash flow from investing activities increased by **229.25%** year-on-year, mainly due to proceeds received from the disposal of available-for-sale financial assets during the reporting period[18](index=18&type=chunk) [Progress of Significant Matters](index=6&type=section&id=Progress%20of%20Significant%20Matters) The company's major asset restructuring received unconditional approval from CSRC, and asset disposals increased current net profit by RMB 14.0778 million and RMB 3.1962 million respectively - The company's major asset swap and share issuance for asset acquisition were unconditionally approved by the CSRC M&A and Restructuring Committee on September 28, 2016, but formal approval documents have not yet been received[19](index=19&type=chunk)[20](index=20&type=chunk) - During the reporting period, the company disposed of idle Phase 1-3 nitric acid production lines, increasing current net profit by **RMB 14.0778 million** (before income tax)[21](index=21&type=chunk) - During the reporting period, the company transferred its 1% equity stake in Yan'an Petroleum Finance Company, increasing current net profit by **RMB 3.1962 million** (before income tax)[21](index=21&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=Fulfillment%20of%20Commitments) Controlling shareholders and actual controllers strictly fulfilled multiple long-term commitments regarding avoiding horizontal competition, regulating related-party transactions, and maintaining the listed company's independence - Controlling shareholders and actual controllers committed not to engage in businesses that compete with the company's main operations (ammonium nitrate, compound fertilizers, special gases) and to ensure the listed company's independence in personnel, assets, finance, organization, and business[25](index=25&type=chunk)[26](index=26&type=chunk) - Controlling shareholders committed to gradually reduce the volume of recurring related-party transactions with the listed company[26](index=26&type=chunk) - All relevant commitments were fulfilled on time during the reporting period[28](index=28&type=chunk) [2016 Annual Operating Performance Forecast](index=12&type=section&id=2016%20Annual%20Operating%20Performance%20Forecast) The company forecasts continued losses for 2016, with net profit expected between RMB -115 million and RMB -95 million, primarily due to industry overcapacity and low market prices 2016 Annual Performance Forecast | Item | Amount (RMB 10,000) | | :--- | :--- | | 2016 Annual Estimated Net Profit | -11,500 to -9,500 | | 2015 Annual Net Profit | -13,465.05 | - The primary reasons for the continuous loss are industry overcapacity and low market prices[29](index=29&type=chunk) - This performance forecast does not yet consider the impact of major asset restructuring on consolidated financial statements due to uncertainty regarding its completion time[29](index=29&type=chunk)

陕西兴化化学股份有限公司 2016 年半年度报告全文 陕西兴化化学股份有限公司 2016 年半年度报告 2016 年 08 月 1 陕西兴化化学股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人王颖、总经理赵波、总会计师及会计机构负责人(会计主管人员) 胡明松声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 2016 | 半年度报告 2 | | | --- | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | | 第二节 | 公司简介 7 | | | 第三节 | 会计数据和财务指标摘要 9 | | | 第四节 | 董事会报告 | 16 | | 第五节 | 重要事项 | 26 | | 第六节 | 股份变动及股东情况 | 29 | | 第七节 | 优先股相关情况 | 29 | | 第八节 | 董事 ...

第一节 重要提示 陕西兴化化学股份有限公司 2016 年第一季度报告正文 证券代码：002109 证券简称：*ST兴化 公告编号：2016-019 陕西兴化化学股份有限公司 2016 年第一季度报告正文 1 陕西兴化化学股份有限公司 2016 年第一季度报告正文 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。 公司负责人王颖、总经理赵波、总会计师胡明松及会计机构负责人(会计主 管人员)胡明松声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西兴化化学股份有限公司 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减 | | 营业收入（元） | 133,905,383.88 | 167,153,574.6 ...

Important Notice, Table of Contents and Definitions [Important Notice](index=2&type=section&id=Important%20Notice) The Board, Supervisory Board, and senior management guarantee the report's accuracy and completeness, while outlining key risks and confirming no profit distribution for 2015 - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the report, assuming corresponding legal responsibilities[3](index=3&type=chunk) - The company advises investors to be aware of potential risks related to industrial policy, market conditions, safety and environmental protection, exchange rates, strategic transformation, and management[4](index=4&type=chunk) - The company's 2015 profit distribution plan includes no cash dividends, no bonus shares, and no capitalization of capital reserves[5](index=5&type=chunk) Company Profile and Key Financial Indicators [Company Information and Financial Indicators](index=5&type=section&id=Company%20Information%20and%20Financial%20Indicators) Operating revenue declined by 9.65%, while net loss narrowed by 10.87% and operating cash flow turned positive, despite overall asset and net asset declines and quarterly losses Comparison of Key Financial Indicators 2014-2015 | Indicator | 2015 | 2014 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 856,731,463.34 | 948,271,922.36 | -9.65% | | Net Profit Attributable to Shareholders (CNY) | -134,650,538.29 | -151,079,421.39 | 10.87% | | Net Cash Flow from Operating Activities (CNY) | 8,098,400.21 | -84,524,173.64 | 109.58% | | Basic Earnings Per Share (CNY/share) | -0.3757 | -0.42 | 10.87% | | Total Assets (CNY) | 1,773,141,002.35 | 1,939,607,378.72 | -8.58% | | Net Assets Attributable to Shareholders (CNY) | 1,024,127,324.40 | 1,160,383,886.03 | -11.74% | Key Quarterly Financial Indicators 2015 | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 167,153,574.63 | 247,832,061.84 | 227,406,295.42 | 214,339,531.45 | | Net Profit Attributable to Shareholders (CNY) | -27,884,225.86 | -29,357,274.72 | -35,565,771.65 | -41,843,266.06 | - During the reporting period, the company's total non-recurring gains and losses amounted to **-4.9337 million CNY**, primarily comprising other non-operating net expenses of **-9.7137 million CNY** and government grants of **3.4056 million CNY**[21](index=21&type=chunk)[22](index=22&type=chunk) Company Business Overview [Main Business and Core Competencies](index=9&type=section&id=Main%20Business%20and%20Core%20Competencies) The company, a leading ammonium nitrate producer with 800 kilotons annual capacity, faced performance pressure in 2015 due to overcapacity, relying on its core advantages in scale, quality, technology, and resources - The company is the largest ammonium nitrate producer in China, with an annual capacity of **800 kilotons**, and its products are widely used in civil explosives and compound fertilizer industries[25](index=25&type=chunk) - In 2015, the company faced dual pressures from severe industry overcapacity and sharp decline in downstream demand, impacting its operating performance[25](index=25&type=chunk) - The company's core competencies include scale, quality and brand ('Pearl Brand' is a China Well-known Trademark), technology (introducing French KT technology), resources (priority natural gas supply), customer base, regional advantages, and management capabilities[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) Management Discussion and Analysis [Overview of Operations](index=11&type=section&id=I.%20Overview) Despite efforts to mitigate overcapacity and demand decline, the company reported 857 million CNY in sales and a 135 million CNY net loss in 2015, prompting a major asset restructuring for strategic transformation 2015 Key Product Output | Product | Output | Completion of Annual Plan | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Synthetic Ammonia | 268.9 kilotons | 112.04% | 5.53% | | Ammonium Nitrate | 535.6 kilotons | 89.27% | 8.51% | | Nitro-compound Fertilizer | 65 kilotons | 65% | 21.79% | | Concentrated Nitric Acid | 50.7 kilotons | 78% | 18.37% | - The company initiated a major asset restructuring, planning to adjust its industrial structure through asset swap and share issuance to acquire assets, aiming to restore sustainable profitability; this matter remains uncertain[33](index=33&type=chunk) [Main Business Analysis](index=11&type=section&id=II.%20Main%20Business%20Analysis) Operating revenue declined 9.65% due to lower chemical sales and falling prices despite higher volumes, while inventory surged from increased production, and financial expenses rose significantly as project interest was no longer capitalized 2015 Operating Revenue Composition (By Industry/Product) | Category | Revenue Item | 2015 Revenue (CNY) | Proportion of Total Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | | **By Industry** | Chemical | 760,031,703.77 | 88.71% | -10.74% | | | Fertilizer | 89,425,856.63 | 10.44% | 9.81% | | **By Product** | Ordinary Ammonium Nitrate | 361,766,813.19 | 42.23% | -5.42% | | | Porous Ammonium Nitrate | 256,079,614.76 | 29.89% | -14.62% | - Inventory levels for chemical (ammonium nitrate) and fertilizer (compound fertilizer) products significantly increased by **103.38%** and **158.20%** year-on-year, respectively, primarily due to lower production in the prior year caused by natural gas supply restrictions and maintenance, while current year production expanded in December through increased external liquid ammonia purchases[40](index=40&type=chunk) 2015 Three Expense Items Fluctuation | Expense Item | 2015 (CNY) | 2014 (CNY) | Year-on-Year Change | Explanation for Significant Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 71,096,507.12 | 75,538,773.55 | -5.88% | - | | Administrative Expenses | 75,779,946.79 | 95,763,754.61 | -20.87% | Overhaul expenses significantly decreased compared to 2014 | | Financial Expenses | 23,175,167.09 | 12,709,031.57 | 82.35% | Several construction projects were capitalized in 2014, and specific project loan interest is no longer capitalized | - Net cash flow from operating activities increased by **109.58%** year-on-year, primarily due to increased collection and payment of goods via bank acceptance bills and an increase in accounts payable. Cash outflow from investing activities significantly decreased by **88.09%** as project construction gradually completed. Net cash flow from financing activities decreased by **133.57%** due to reduced bank borrowings and increased repayment of matured loans[53](index=53&type=chunk)[54](index=54&type=chunk) [Analysis of Assets and Liabilities](index=17&type=section&id=IV.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets decreased to 1.773 billion CNY by year-end 2015, with significant shifts in asset structure including reduced cash, increased fixed assets due to project capitalization, and a stable liability structure Major Balance Sheet Item Changes | Item | Amount as of 2015 Year-End (CNY) | Proportion of Total Assets | Explanation for Change from Prior Year-End | | :--- | :--- | :--- | :--- | | Monetary Funds | 26,667,525.30 | 1.50% | Primarily due to significant repayment of bank loans | | Fixed Assets | 1,355,043,084.79 | 76.42% | Due to the capitalization of the 2*270 kilotons nitric acid project's northern unit into fixed assets | | Construction in Progress | 8,048,678.69 | 0.45% | Due to the estimated completion and handover of the 2*270 kilotons nitric acid project's northern unit | [Analysis of Major Holding and Participating Companies](index=18&type=section&id=VII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company's two main subsidiaries, Shaanxi Xingfu Fertilizer and Xinghua (Jiangxi) Chemical, reported net losses of 10.99 million CNY and 0.01 million CNY respectively in 2015 2015 Operating Performance of Major Subsidiaries | Company Name | Main Business | Operating Revenue (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | | Shaanxi Xingfu Fertilizer Co., Ltd. | Compound Fertilizer Production and Sales | 46,856,576.91 | -10,985,508.61 | | Xinghua Co., Ltd. (Jiangxi) Chemical Co., Ltd. | Ammonium Nitrate Sales | 70,461,366.81 | -10,378.87 | [Outlook on Company's Future Development](index=19&type=section&id=IX.%20Outlook%20on%20Company's%20Future%20Development) The company targets 2016 for strategic transformation and diversification, focusing on major asset restructuring to enter LNG and coal chemical sectors, while existing businesses will pursue low-cost strategies and fine chemical expansion, acknowledging associated policy, market, and management risks - The core of the future development strategy is to advance major asset restructuring, seek strategic transformation, achieve diversified development, and rebuild the industrial structure[62](index=62&type=chunk) - The 2016 operating targets include achieving operating revenue of **895 million CNY** and a total profit of **-120 million CNY**; key product output targets include **240 kilotons** of synthetic ammonia, **520 kilotons** of ammonium nitrate, and **100 kilotons** of nitro-compound fertilizer[63](index=63&type=chunk) - The company faces key risks including industrial policy risks for existing businesses (hazardous chemicals control), market risks, safety and environmental protection risks, as well as strategic transformation and management risks arising from the major asset restructuring[64](index=64&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) Important Matters [Profit Distribution and Commitment Fulfillment](index=22&type=section&id=Profit%20Distribution%20and%20Commitment%20Fulfillment) The company plans no profit distribution for 2015, marking three consecutive years without distribution, while the company, controlling shareholder, and actual controller strictly fulfilled all commitments during the period - The company has not conducted cash dividends or bonus share distributions in the past three years (2013-2015)[72](index=72&type=chunk)[73](index=73&type=chunk) - Controlling shareholder Shaanxi Xinghua Group and actual controller Yan'an Petroleum Group strictly fulfilled their long-term commitments during the reporting period regarding avoiding horizontal competition, regulating related-party transactions, and ensuring the listed company's 'five independences' (personnel, assets, finance, organization, business)[75](index=75&type=chunk)[76](index=76&type=chunk)[77](index=77&type=chunk) [Significant Related-Party Transactions](index=26&type=section&id=XVI.%20Significant%20Related-Party%20Transactions) The company conducted approximately 268 million CNY in daily related-party transactions with its controlling shareholder and affiliates, including purchases, deposits, loans, and a 20 million CNY short-term borrowing from the parent company 2015 Major Daily Related-Party Transactions | Related Party | Relationship | Transaction Type | Transaction Content | Transaction Amount (million CNY) | | :--- | :--- | :--- | :--- | :--- | | Shaanxi Xinghua Group Co., Ltd. | Controlling Shareholder | Purchases | Purchase of Goods, Acceptance of Services | 198.77 | | Shaanxi Yan'an Petroleum Xinghua Chemical Co., Ltd. | Under Common Control | Purchases | Purchase of Goods | 56.1679 | - The company has deposit and loan activities with affiliated Shaanxi Yan'an Petroleum Finance Co., Ltd., with an ending deposit balance of **13.3075 million CNY** and a short-term loan balance of **10 million CNY**[94](index=94&type=chunk) - In November 2015, the company short-term borrowed **20 million CNY** from its parent company, Shaanxi Xinghua Group Co., Ltd., for working capital, which was repaid in the same month[97](index=97&type=chunk) [Social Responsibility](index=31&type=section&id=XX.%20Social%20Responsibility) The company actively fulfills social responsibilities by adhering to quality, safety, and environmental standards, protecting investor rights through communication and voting facilities, and safeguarding employee welfare through development, health, and recreational activities - The company strictly adheres to national standards in product quality, production safety, and environmental protection[107](index=107&type=chunk) - The company facilitates investor participation in corporate governance by providing online voting channels and shareholder Q&A sessions[108](index=108&type=chunk) - The company adheres to a people-oriented approach, protecting employee rights through measures such as training, health examinations, and paid annual leave[108](index=108&type=chunk) Share Changes and Shareholder Information [Share Changes and Shareholder Structure](index=33&type=section&id=Share%20Changes%20and%20Shareholder%20Structure) The company's total share capital remained at 358.4 million unrestricted shares, with 20,272 shareholders by year-end 2015, controlled by Shaanxi Xinghua Group (41.38%) and ultimately by Shaanxi SASAC - During the reporting period, the company's total share capital remained unchanged at **358,400,000 shares**, all of which are unrestricted shares[113](index=113&type=chunk) Top Five Shareholders' Holdings (As of 2015 Year-End) | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | :--- | | Shaanxi Xinghua Group Co., Ltd. | State-owned Legal Person | 41.38% | 148,315,793 | | Ou Haiying | Domestic Natural Person | 0.90% | 3,231,700 | | Kong Guoxing | Domestic Natural Person | 0.39% | 1,390,900 | | Peng Youhao | Domestic Natural Person | 0.36% | 1,281,200 | | Xia Chongyang | Domestic Natural Person | 0.35% | 1,270,800 | - The company's controlling shareholder is Shaanxi Xinghua Group Co., Ltd., and the actual controller is the Shaanxi Provincial People's Government State-owned Assets Supervision and Administration Commission[118](index=118&type=chunk)[120](index=120&type=chunk)[121](index=121&type=chunk) Preferred Shares Information [Preferred Shares](index=38&type=section&id=Preferred%20Shares) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[124](index=124&type=chunk) Directors, Supervisors, Senior Management, and Employees [Directors, Supervisors, Senior Management, and Employees](index=39&type=section&id=Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) The company appointed new directors and independent directors, with no shareholdings by key management, whose compensation is performance-based; as of 2015 year-end, the company had 1,104 employees, with over 80% in production and 21.65% holding bachelor's degrees or higher - During the reporting period, the company appointed Mr. Shi Lei as a new director, and Mr. Dan Yong, Mr. Xu Binghui, and Mr. Yang Weiqiao as independent directors[127](index=127&type=chunk) - At the beginning and end of the reporting period, all directors, supervisors, and senior management held **zero** company shares[126](index=126&type=chunk) 2015 Remuneration of Selected Senior Management | Name | Position | Total Pre-tax Remuneration from Company (million CNY) | Received Remuneration from Related Party | | :--- | :--- | :--- | :--- | | Wang Ying | Chairman | 0.2739 | No | | Zhao Bo | General Manager | 0.2706 | No | | Xi Yongsheng | Director, Deputy General Manager, Board Secretary | 0.2197 | No | | Hu Mingsong | Chief Accountant | 0.1918 | No | | Chen Tuanzhu | Director | 0.024 | Yes | - As of the end of 2015, the company had **1,104** employees, with production personnel accounting for **80.25%** and technical personnel for **5.53%**; employees with bachelor's degrees or higher constituted **21.65%**[138](index=138&type=chunk) Corporate Governance [Corporate Governance and Internal Control](index=45&type=section&id=Corporate%20Governance%20and%20Internal%20Control) The company's corporate governance and internal controls align with regulatory requirements, maintaining independence from the controlling shareholder, with effective board committees and supervisory board oversight, and an unqualified internal control assurance report from the accounting firm - The company's corporate governance structure is sound, with independent and balanced power, executive, and supervisory bodies, and its actual status complies with relevant normative documents from the China Securities Regulatory Commission[142](index=142&type=chunk)[143](index=143&type=chunk)[144](index=144&type=chunk) - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, possessing autonomous operating capabilities[145](index=145&type=chunk) - The company's independent directors issued concurring independent opinions on matters including annual profit distribution, related-party transactions, internal control, re-appointment of audit firm, and major asset restructuring[150](index=150&type=chunk)[151](index=151&type=chunk) - According to the company's internal control self-assessment report and the assurance report issued by the accounting firm, the company maintained effective internal controls related to financial statements in all material aspects as of December 31, 2015, with no material deficiencies identified[155](index=155&type=chunk)[158](index=158&type=chunk)[159](index=159&type=chunk) Financial Report [Audit Report](index=51&type=section&id=I.%20Audit%20Report) ShineWing Certified Public Accountants issued a standard unqualified audit opinion on the company's 2015 financial statements, confirming their fair presentation in accordance with enterprise accounting standards - ShineWing Certified Public Accountants (Special General Partnership) served as the audit firm, issuing a standard unqualified audit opinion on the company's 2015 financial report[161](index=161&type=chunk)[168](index=168&type=chunk) [Financial Statements](index=52&type=section&id=II.%20Financial%20Statements) This section presents the company's audited consolidated and parent company financial statements for 2015, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, with detailed notes - This section provides the company's detailed consolidated and parent company financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity[169](index=169&type=chunk)[173](index=173&type=chunk)[178](index=178&type=chunk)[183](index=183&type=chunk) Documents for Reference [Documents for Reference](index=130&type=section&id=Documents%20for%20Reference) This section lists documents available for reference, including signed financial statements, original audit reports, all publicly disclosed documents, and the original annual report, all stored in the company's securities affairs office - Documents for reference include signed and sealed financial statements, original audit reports, publicly disclosed documents, and the original annual report, all stored in the company's securities affairs office[483](index=483&type=chunk)

陕西兴化化学股份有限公司 2015 年年度报告全文 陕西兴化化学股份有限公司 2015 年年度报告 2016 年 02 月 1 陕西兴化化学股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人王颖、总经理赵波、总会计师胡明松及会计机构负责人(会计主 管人员)邹宝英声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司可能面临产业政策风险、市场风险、安全环保风险、汇率风险、战略 转型风险、管理风险等风险因素，请投资者注意投资风险。《证券时报》、《中国 证券报》和巨潮资讯网（www.cninfo.com.cn）为本公司选定的信息披露媒体， 本公司所有信息均以在上述选定媒体刊登的信息为准。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 $$\mathbf{H}={\overrightarrow{\exists}}\!\!\!{\vec{\mathcal{K}}}$$ 第二节 公司 ...

陕西兴化化学股份有限公司 2015 年第三季度报告正文 证券代码：002109 证券简称：兴化股份 公告编号：2015-067 陕西兴化化学股份有限公司 2015 年第三季度报告正文 1 陕西兴化化学股份有限公司 2015 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。 公司负责人王颖、总经理赵波、总会计师胡明松及会计机构负责人(会计主 管人员)邹宝英声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西兴化化学股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,814,489,506.76 | 1,939,607,378. ...

陕西兴化化学股份有限公司 2015 年半年度报告全文 陕西兴化化学股份有限公司 2015 年半年度报告 2015 年 08 月 1 陕西兴化化学股份有限公司 2015 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人王颖、总经理赵波、总会计师胡明松及会计机构负责人(会计主 管人员)邹宝英声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 2015 | 半年度报告 2 | | | --- | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | | 第二节 | 公司简介 7 | | | 第三节 | 会计数据和财务指标摘要 9 | | | 第四节 | 董事会报告 | 16 | | 第五节 | 重要事项 | 24 | | 第六节 | 股份变动及股东情况 | 27 | | 第七节 | 优先股相关情况 | 27 | | 第八节 | ...

陕西兴化化学股份有限公司 2014 年年度报告全文 陕西兴化化学股份有限公司 2014 年年度报告 2015 年 04 月 1 陕西兴化化学股份有限公司 2014 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 4 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人王颖、总经理赵波、总会计师胡明松及会计机构负责人(会计主 管人员)邹宝英声明：保证年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 2014 | 年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 6 | | 第二节 | 公司简介 8 | | 第三节 | 会计数据和财务指标摘要 10 | | 第四节 | 董事会报告 24 | | 第五节 | 重要事项 33 | | 第六节 | 股份变动及股东情况 39 | | 第七节 | 优先股相关情况 39 | | 第八节 | 董事、监事、高级管理人员和员工情况 40 | | 第九节 | ...