湘潭电化科技股份有限公司 2018 年年度报告全文 湘潭电化科技股份有限公司 2018 年年度报告 2019 年 03 月 1 湘潭电化科技股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人谭新乔、主管会计工作负责人张伏林及会计机构负责人(会计主 管人员)刘聪慧声明：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。 本报告中涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的 承诺，敬请投资者注意投资风险。 具体内容详见本报告第四节"经营情况讨论与分析"之"九、未来发展的 展望"中"可能面对的风险"。 公司经本次董事会审议通过的利润分配预案为：以 345,599,985 为基数， 向全体股东每 10 股派发现金红利 0.60 元（含税），送红股 0 股（含税），以资 本公积金向全体股东每 10 股转增 6 股。 2 湘潭电化科技股份有限公司 2018 年年度报告全文 目录 | --- | ...

湘潭电化科技股份有限公司 2018 年第三季度报告正文 证券代码：002125 证券简称：湘潭电化 公告编号：2018-056 湘潭电化科技股份有限公司 2018 年第三季度报告正文 湘潭电化科技股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人谭新乔、主管会计工作负责人张伏林及会计机构负责人(会计主 管人员)刘聪慧声明：保证季度报告中财务报表的真实、准确、完整。 湘潭电化科技股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,149,141,799.06 | 2,556,873,687.93 | | 23.16% | | 归属于上市 ...

Financial Performance - The company's operating revenue for the reporting period was ¥434,725,912.35, representing a 27.55% increase compared to ¥340,830,510.50 in the same period last year[26]. - The net profit attributable to shareholders was ¥30,380,450.78, up 38.00% from ¥22,014,314.72 year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,446,077.12, reflecting a 41.93% increase from ¥20,747,084.31 in the previous year[26]. - The basic earnings per share increased by 50.00% to ¥0.09 from ¥0.06 in the same period last year[26]. - The company achieved an investment income of CNY 37,640.28, recovering from a loss of CNY 405,951.25 in the same period last year[157]. - The company reported a net profit of 283.59 million yuan for the current period, reflecting a decrease of 168.33 million yuan compared to the previous period[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,877,193,263.66, a 12.53% increase from ¥2,556,873,687.93 at the end of the previous year[26]. - The total liabilities increased to ¥1,705,294,914.09 from ¥1,418,028,062.12, a rise of approximately 20.3%[149]. - Short-term borrowings surged to ¥697,850,000, which is 24.25% of total assets, up from 16.04%, reflecting an increase of 8.21%[53]. - Long-term borrowings reached ¥276,847,604, representing 9.62% of total assets, an increase of 4.94% from 4.68% last year[53]. - The company reported a total of 67,995,000 RMB in short-term borrowings guaranteed by the controlling shareholder as of June 30, 2018, reflecting a significant reliance on external financing[93]. Market and Business Strategy - The company plans to continue implementing a differentiated competition strategy to enhance product competitiveness and expand market share[5]. - The company is focusing on developing high-value-added products, including lithium manganese oxide and high-performance electrolytic manganese dioxide[33]. - The company is currently promoting its 10,000-ton high-purity manganese sulfate project and is in the construction phase for a 20,000-ton high-performance lithium battery cathode material project[41]. - The company faces risks from intense industry competition, with a focus on differentiated competition strategies and product upgrades to enhance market share[72]. Environmental and Safety Management - The company will focus on environmental protection and safety management to mitigate risks associated with production processes[6][7]. - The company has established a comprehensive environmental monitoring system, with online monitoring devices for water quality and emissions operating normally throughout the reporting period[109]. - The company has implemented a rainwater and wastewater diversion system, enhancing internal water recycling capabilities[108]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[106]. Cash Flow and Financing - The net cash flow from financing activities surged by 873.52% to ¥281,749,189.57, primarily due to increased borrowings[44]. - Cash inflow from financing activities was CNY 737,227,976.28, up from CNY 352,655,019.16, marking an increase of approximately 109%[165]. - The company reported a net increase in cash and cash equivalents of CNY 77,760,333.52, contrasting with a decrease of CNY 78,817,058.70 in the previous period[165]. Related Party Transactions - The company reported a related party transaction amounting to 393.35 million yuan for the procurement of water and electricity, which accounts for 6.91% of the same type of transactions[88]. - Another related party transaction involved the sale of phosphoric acid, totaling 993.50 million yuan, representing 25.61% of the same type of transactions[88]. - The company has a total of 6,284.8 million RMB in related party transactions, which includes various leasing agreements[95]. Shareholder and Equity Information - The company reported a total of 345,599,985 shares outstanding, with 64.41% being unrestricted shares and 35.59% being restricted shares[126]. - The company’s major shareholder, Xiangtan Electric Group, holds 29.51% of the shares, amounting to 102,002,880 shares, with 47,600,000 shares pledged[129]. - The company has a total of 25,449 common stock shareholders as of the end of the reporting period[129]. Compliance and Legal Matters - The company has no major litigation or arbitration matters during the reporting period[83]. - The company has been fined 233,335.0 yuan for illegal land use, specifically for occupying approximately 70 mu of collective land without proper authorization[86]. - The company is actively working on compliance and rectification measures following the administrative penalty received[86]. Research and Development - Research and development expenses increased by 23.95% to ¥13,476,503.28, reflecting the company's commitment to innovation[44]. - The company has not reported any new product developments or technological advancements in the current reporting period, which may impact future growth prospects[138]. Financial Reporting and Audit - The semi-annual report has not been audited[81]. - The financial report for the first half of 2018 was not audited, which may affect the reliability of the financial data presented[145].

湘潭电化科技股份有限公司 2018 年第一季度报告正文 证券代码：002125 证券简称：湘潭电化 公告编号：2018-034 湘潭电化科技股份有限公司 2018 年第一季度报告正文 1 湘潭电化科技股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人谭新乔、主管会计工作负责人张伏林及会计机构负责人(会计主 管人员)刘聪慧声明：保证季度报告中财务报表的真实、准确、完整。 2 湘潭电化科技股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 198,963,686.19 | 146,808,581.14 | 35.53% | | 归属于上市公司股东的净利润（元） ...

Financial Performance - The company's operating revenue for 2017 was CNY 740,803,455.67, representing a 12.64% increase compared to CNY 657,677,292.30 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 47,171,460.16, a significant increase of 112.10% from CNY 22,240,666.49 in 2016[16] - The net profit after deducting non-recurring gains and losses was CNY 44,804,278.70, up 130.61% from CNY 19,428,198.94 in the previous year[16] - The net cash flow from operating activities reached CNY 55,338,504.87, a 127.67% increase compared to CNY 24,306,762.36 in 2016[16] - Basic earnings per share for 2017 were CNY 0.14, reflecting a 133.33% increase from CNY 0.06 in 2016[16] - Total assets at the end of 2017 amounted to CNY 2,556,873,687.93, a 17.37% increase from CNY 2,178,511,351.87 at the end of 2016[16] - The net assets attributable to shareholders were CNY 1,101,584,591.56, up 4.53% from CNY 1,053,811,667.84 in 2016[16] - The weighted average return on equity for 2017 was 4.38%, an increase from 2.13% in 2016[16] Revenue Breakdown - The company reported a quarterly revenue of CNY 211,882,206.71 in Q4 2017, contributing to the overall annual growth[20] - In 2017, the company's revenue from electrolytic manganese dioxide reached CNY 604.35 million, a 27.10% increase compared to the previous year[32] - The chemical materials sector contributed ¥604.35 million, accounting for 81.58% of total revenue, with a year-on-year growth of 17.70%[37] - The wastewater treatment segment generated revenue of ¥71.07 million, up 11.36% from the previous year, with a net profit of ¥2.36 million, reflecting a 0.6% increase[37] Production and Sales - The production of electrolytic manganese dioxide was 64,400 tons, up 15.87% year-on-year, while sales increased by 21.79% to 67,100 tons[32] - The revenue from high-performance electrolytic manganese dioxide surged by 219.93% to CNY 124.97 million, and revenue from lithium manganese-specific electrolytic manganese dioxide rose by 34.54% to CNY 80.08 million[32] - The company achieved a significant increase in sales of high-performance electrolytic manganese dioxide, with a production increase of 219.93% year-on-year[39] - The production capacity expansion included a new project for high-performance electrolytic manganese dioxide with an annual capacity of 10,000 tons and a lithium manganese battery cathode material project with a capacity of 6,000 tons[34] Investments and Projects - The company increased its fixed assets by 41.12% due to the completion of new projects, including the second phase of the new base construction[27] - The company invested ¥33.91 million in Hunan YN Energy Battery Materials Co., increasing its production capacity for lithium iron phosphate from 3,000 tons to 10,000 tons annually[35] - The company invested a total of CNY 95,424,075.62 in the high-performance electrolytic manganese production line, with a cumulative investment of CNY 162,748,296.11 by the end of the reporting period[61] - The investment in the new high-purity manganese sulfate project (Phase II) amounted to CNY 31,315,047.57, with a cumulative investment of CNY 46,478,569.98[61] - The company is constructing a sludge treatment project with an investment of CNY 9,070,468.68, which is 95% complete[62] Cash Flow and Financial Management - The company reported a net cash flow from financing activities increased by 227.92% to ¥135,521,039.77, driven by higher cash received from borrowings[51] - The cash and cash equivalents decreased by ¥33,420,688.33, showing a 93.90% improvement compared to the previous year's decline[51] - The company has secured collateral for loans through its inventory and fixed assets, indicating a proactive approach to financial management[57] - The company has a significant reliance on the controlling shareholder for financing, which is crucial for its ongoing development[114] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.00 per 10 shares, with no bonus shares issued[4] - The company reported a net profit of CNY 24,040,365.75 for the year 2017, but the accumulated undistributed profits at the end of the year were negative at CNY -55,127,532.37[90] - No cash dividends were proposed for 2017, as the company did not meet the conditions for profit distribution due to negative undistributed profits[90] - The company committed to a cash dividend distribution of no less than 10% of the distributable profits for the years 2015-2017, contingent on achieving profitability and sufficient cash flow[97] Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[136] - The company emitted 7.537 tons of sulfur dioxide, 50.964 tons of particulate matter, and 65.048 tons of nitrogen oxides, all within regulatory limits[136] - The company has implemented waste management practices to utilize waste materials in construction, reducing secondary pollution[136] - The company achieved compliance with wastewater discharge standards, with no exceedances reported for key pollutants[136] - The company processed a total of 65,709,900 tons of wastewater in 2017, achieving a COD reduction of 6,707.46 tons and an ammonia nitrogen reduction of 627.14 tons, with all effluent quality indicators meeting the Class A standard[138] - The company is involved in targeted poverty alleviation efforts, providing support to impoverished households[132] - The company provided a total of 4.28 million yuan for poverty alleviation efforts, helping 8 registered impoverished households to escape poverty[134] Corporate Governance - The company has maintained a continuous relationship with Tianjian Accounting Firm for 18 years, with an audit fee of 320,000 yuan for the current period[104] - The company has a diverse management team with executives holding positions in both operational and financial capacities, ensuring comprehensive oversight[178] - The company has established independent financial management and accounting systems, with independent bank accounts and tax obligations[193] - The company has committed to avoiding potential industry competition through management agreements and leasing arrangements[194] Market Position and Strategy - The company is actively pursuing partnerships and collaborations to strengthen its market position and product offerings[58] - The company is focusing on a dual-core development strategy centered on manganese-based new energy battery materials and sewage treatment, with plans for asset restructuring and self-cultivation to expand its new energy materials business[77] - The company aims to improve operational efficiency and profitability through ongoing project developments and enhancements in production capabilities[63] - The company is actively expanding its market presence through new projects and subsidiaries[148]

Financial Performance - Net profit attributable to shareholders increased by 123.95% to CNY 18,223,117.45 for the reporting period[8] - Operating income rose by 6.98% to CNY 188,090,738.46 for the reporting period[8] - Basic earnings per share increased by 39.47% to CNY 0.053[8] - Net profit for the period reached 44,319,840.77, a 182.45% increase compared to the same period last year[21] - The company reported a 234.65% increase in operating profit, reaching 50,725,063.25 compared to the same period last year[21] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 103.29% to CNY 17,202,062.36[8] - The net profit attributable to shareholders for 2017 is expected to be between 50 million and 60 million CNY, representing a growth of 124.81% to 169.78% compared to the 22.24 million CNY in 2016[25] - The increase in performance is primarily due to strong sales and production of electrolytic manganese dioxide, enhancing profitability[25] Assets and Liabilities - Total assets increased by 9.79% to CNY 2,391,774,173.47 compared to the end of the previous year[8] - Accounts receivable decreased by 82.64% compared to the beginning of the year, mainly due to a reduction in customer notes received[19] - Inventory increased by 39.92% compared to the beginning of the year, primarily due to an increase in mined ore and raw material purchases[19] - Short-term borrowings increased by 37.12% compared to the beginning of the year, mainly due to an increase in bank loans[19] - Other current assets increased by 3187.95% compared to the beginning of the year, primarily due to the accumulation of VAT credits[19] Cash Flow - Net cash flow from operating activities surged by 141.74% to CNY 5,273,146.91 for the reporting period[8] - Net cash flow from operating activities increased by 269.31% year-on-year, mainly due to an increase in cash received from sales of goods and services[22] - The company achieved a net increase in cash and cash equivalents of -23,889,058.03, a 96.04% improvement compared to the previous year[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,078[12] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 29.51% of the shares[12] Financial Agreements and Expenses - The company has signed an agreement for capital increase in Hunan Yuno New Energy Battery Materials Co., Ltd., with ongoing projects for lithium iron phosphate and ternary materials[23] - Financial expenses increased by 32.88% year-on-year, mainly due to increased interest expenses from financing leases and loans[21]

Financial Performance - The company's operating revenue for the reporting period was CNY 340,830,510.50, representing a 30.38% increase compared to CNY 261,412,862.23 in the same period last year[15]. - The net profit attributable to shareholders was CNY 22,014,314.72, a significant increase of 299.21% from CNY 5,514,482.67 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20,747,084.31, up 586.87% from CNY 3,020,525.20 year-on-year[15]. - The net cash flow from operating activities was CNY 39,649,883.92, a turnaround from a negative CNY 13,899,634.67 in the same period last year, marking a 385.26% increase[15]. - The company's total assets at the end of the reporting period were CNY 2,228,044,811.56, reflecting a 2.27% increase from CNY 2,178,511,351.87 at the end of the previous year[15]. - The net assets attributable to shareholders increased to CNY 1,076,411,616.44, a rise of 2.14% from CNY 1,053,811,667.84 at the end of the previous year[15]. - The company achieved operating revenue of 340.83 million yuan, a year-on-year increase of 30.38%, and a net profit attributable to shareholders of 22.01 million yuan, up 299.21% compared to the same period last year[31]. - The revenue from electrolytic manganese dioxide products reached 272.85 million yuan, representing a 36.78% increase year-on-year, with sales volume of 29,973.01 tons, up 32.07%[31]. - The company mined 117,477 tons of ore, a significant increase of 203.57% year-on-year, and sold 34,934.04 tons, a staggering increase of 1,042.43 times[33]. - The wastewater treatment business generated revenue of 37.54 million yuan, a 17.14% increase year-on-year, attributed to an increase in wastewater treatment volume[33]. - The company reported a net cash outflow from investing activities of ¥82,042,672.23, which is an 80.68% improvement compared to a net outflow of ¥424,546,008.65 last year[36]. - The company reported a significant increase in investment, with a total of ¥212,184,633.50 during the reporting period, representing a 213.76% increase from the previous year[50]. Strategic Initiatives - The company is currently in a transformation and upgrading phase, with a focus on high-performance products and lithium manganese materials, indicating a strategic shift towards higher value-added products[22]. - The annual production capacity of electrolytic manganese dioxide has increased to approximately 80,000 tons, with strong sales performance and demand exceeding supply during the reporting period[22]. - The company has successfully trialed a new production line for high-performance electrolytic manganese dioxide with an annual capacity of 10,000 tons and a project for high-performance lithium manganese battery cathode materials with a capacity of 6,000 tons[22]. - The company remains a leading player in the industry, with the largest production scale and a comprehensive product range, positioning itself strongly against competitors[22]. - The company is actively promoting its newly completed 10,000-ton high-purity manganese sulfate production line, expecting sales to commence in the second half of the year[33]. - The company is focusing on safety and environmental protection, implementing new management systems and increasing investment in environmental facilities[34]. - The company plans to maintain a dual main business strategy focusing on manganese-based new energy battery materials and wastewater treatment, although there are risks associated with the slow progress of this transformation[64]. Market and Sales Performance - Domestic sales contributed ¥244,345,380.87, representing 71.69% of total revenue, while international sales reached ¥96,485,129.63, accounting for 28.31%[41]. - The company experienced a significant increase in sales of CEMD products, with revenue soaring by 247.00% to ¥49,877,305.10[41]. - The company's marketing team has established strong relationships with major battery manufacturers, enhancing its market presence[27]. Environmental and Social Responsibility - The company is focusing on expanding its market presence through strategic investments in new projects and technologies[53]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[100]. - The company achieved a total wastewater discharge of 649.06 tons/year, with COD at 3075 tons/year, meeting national discharge standards[102]. - The company reported SO2 emissions of 116.14 tons/year and NOX emissions of 94.69 tons/year, both within the allowable limits[101]. - The company has implemented a comprehensive waste treatment system, achieving 100% recovery of wastewater and utilizing waste residues in brick and cement production[102]. - The company’s environmental protection facilities, including desulfurization and denitrification systems, are operating normally, ensuring compliance with emission standards[103]. - The company has established a real-time water quality monitoring system at its production bases, ensuring continuous compliance with environmental standards[103]. - The company has arranged employment for 13 registered impoverished households, achieving 65% of the annual plan, with an average income of 2,500 RMB per month per person[97]. - The company plans to continue increasing recruitment and training efforts in the second half of the year to meet the annual employment assistance target for impoverished households[99]. Financial Management and Governance - The company has not conducted any major asset or equity sales during the reporting period[58][59]. - The company has not utilized any raised funds or made significant non-raised fund investments during the reporting period[57]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[67]. - The company has maintained a good credit status with no significant debts overdue[77]. - The company reported a total external guarantee amount of 14,000,000 RMB during the reporting period, with an actual guarantee amount of 9,800,000 RMB[93]. - The total approved guarantee amount at the end of the reporting period was 16,000,000 RMB, with an actual guarantee balance of 12,000,000 RMB[93]. - The company has not faced any significant environmental issues or administrative penalties during the reporting period[102]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[118][119]. - The financial report for the first half of 2017 was not audited, indicating a potential area for improvement in financial transparency[131]. Risks and Challenges - There are risks related to rising prices of raw materials and labor costs, which the company plans to mitigate through various management measures and strategic procurement[64]. - The company is facing intense competition in the electrolytic manganese dioxide industry, which may impact sales and overall performance[63]. - The company received an administrative penalty of 294,689 yuan for the unauthorized construction of a 6,000-ton high-performance lithium manganese oxide battery project[75]. - A fine of 30,000 yuan was imposed due to a boiler accident at the subsidiary, which has since led to administrative penalties for responsible personnel[76].

Financial Performance - The company's operating revenue for Q1 2017 was ¥146,808,581.14, representing a 39.72% increase compared to ¥105,076,791.27 in the same period last year[8] - Net profit attributable to shareholders reached ¥5,263,071.92, a significant increase of 2,659.03% from ¥190,757.90 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥4,782,388.10, compared to a loss of ¥403,096.04 in the same period last year, marking an increase of 1,286.41%[8] - The basic earnings per share rose to ¥0.015, up 1,400.00% from ¥0.001 in the previous year[8] - Operating revenue increased by 39.72% year-on-year, reaching ¥146,808,581.14, primarily due to an increase in product sales volume[17] - Net profit attributable to shareholders increased by 347.85% compared to the beginning of the year, mainly due to the increase in net profit for the period[16] - The company expects net profit attributable to shareholders for the first half of 2017 to increase by 280.81% to 329.78% compared to the same period last year, driven by higher sales of electrolytic manganese dioxide products[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,299,477,382.82, reflecting a 5.55% increase from ¥2,178,511,351.87 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,059,352,719.01, a slight increase of 0.53% from ¥1,053,811,667.84 at the end of the previous year[8] - Other current assets increased by 311.89% compared to the beginning of the year, mainly due to prepaid taxes[21] - Construction in progress rose by 80.74% year-on-year, reflecting increased investment in the new base phase II project[21] Cash Flow - The company reported a net cash flow from operating activities of -¥10,550,403.22, an improvement of 9.63% compared to -¥11,675,151.83 in the same period last year[8] - Investment activities generated a net cash flow of -¥37,996,540.65, a 90.51% increase year-on-year, due to higher cash receipts related to investment activities[19] - Financing activities produced a net cash flow of ¥78,573,010.90, a 139.10% increase year-on-year, driven by increased cash from borrowings[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,873[11] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 29.51% of the shares, amounting to 102,002,880 shares[11] Corporate Activities - The company signed a strategic cooperation framework agreement with Hubei Changyang Hongxin Industrial Group, currently in the due diligence stage[20] - The company transferred 100% equity of Xiangtan Heling Sewage Treatment Co., Ltd. to Xiangtan Sewage Treatment Co., Ltd., completing the industrial change registration[20] - There are no non-operating fund occupations by the controlling shareholder and its related parties during the reporting period[29] - The company conducted an on-site investigation on January 5, 2017, with institutional investors[30] Operational Costs - Operating costs rose by 48.08% year-on-year to ¥109,759,743.44, attributed to higher sales volume and increased sales costs[17] Return on Equity - The weighted average return on equity was 0.50%, up from 0.02% in the previous year[8]

Financial Performance - The company's operating revenue for 2016 was CNY 657,677,292.30, representing a 5.14% increase compared to CNY 625,540,166.23 in 2015[19]. - The net profit attributable to shareholders for 2016 was CNY 22,240,666.49, a significant increase of 94.49% from CNY 11,435,175.85 in 2015[19]. - The net profit after deducting non-recurring gains and losses was CNY 19,428,198.94, which is a 149.81% increase from CNY 7,777,074.79 in 2015[19]. - The basic earnings per share for 2016 were CNY 0.06, a decrease of 14.29% compared to CNY 0.07 in 2015[19]. - The weighted average return on equity was 2.13%, down from 2.71% in 2015[19]. - The company reported a net profit of approximately 21.76 million yuan for 2016, but has a negative retained earnings balance of approximately -79.17 million yuan as of December 31, 2016, leading to no profit distribution for the year[104]. - The company reported a total revenue of 1.5 billion RMB for the year 2016, representing a year-on-year increase of 10%[184]. - The net profit attributable to shareholders was 200 million RMB, an increase of 15% compared to the previous year[184]. Cash Flow and Assets - The net cash flow from operating activities decreased by 74.99% to CNY 24,306,762.36 from CNY 97,193,213.11 in 2015[19]. - The total assets at the end of 2016 were CNY 2,178,511,351.87, a decrease of 17.23% from CNY 2,631,993,491.56 at the end of 2015[19]. - The net cash flow from investment activities decreased by 1,023.70% to -¥465,846,172.99, mainly due to the repayment of a ¥350 million loan to the Electrochemical Group[60]. - The total cash and cash equivalents decreased by 188.50% to -¥547,480,769.27[58]. - The company's monetary funds decreased by 20.52% to ¥226,764,221.45, representing 10.41% of total assets[63]. - The fixed assets increased by 7.83% to ¥927,993,336, accounting for 42.60% of total assets[63]. Revenue Sources and Business Segments - The company is transitioning from a primary battery material manufacturer to a secondary battery material manufacturer, which is expected to enhance its market position and profitability[28]. - The wastewater treatment business operates under a government concession model, providing stable revenue and cash flow, with a concession period of 30 years[32]. - The company achieved a production volume of 55,600 tons of electrolytic manganese dioxide in 2016, representing a year-on-year increase of 13.24% compared to 49,100 tons in 2015[36]. - The sales volume of electrolytic manganese dioxide reached 55,100 tons, up 4.55% from 52,700 tons in the previous year, maintaining a stable sales price and market share[36]. - The company is actively expanding its wastewater treatment business by acquiring Xiangtan Heling Wastewater Treatment Co., Ltd., which has a project designed to treat 50,000 m³ of wastewater per day[38]. - The company’s total revenue for the chemical materials industry reached ¥513.44 million, with a year-on-year increase of 1.24%[45]. Investments and Projects - The company has initiated multiple projects focusing on manganese-based new energy battery materials and wastewater treatment, but there are risks regarding timely production and effectiveness[7]. - The company initiated the construction of a 10,000-ton high-purity manganese sulfate production line, which is expected to become a new profit growth point due to the rapid market demand for ternary materials[37]. - The company is also involved in a wastewater treatment project with an investment of 6,467.8 million CNY, which is fully funded by its own capital[74]. - The company has plans for market expansion and new technology development, focusing on high-performance materials and environmental projects[74]. - The company has reported a total investment of 47,520,296.78 yuan in the electrolytic manganese industry, with cumulative actual investment reaching 514,529,915.07 yuan[72]. Environmental and Regulatory Compliance - The company is committed to environmental governance and safety measures to reduce operational risks associated with mining and production processes[97]. - The company reported a strict adherence to environmental regulations, ensuring that all major pollutants met national discharge standards during the reporting period[142]. - The company faced a fine of 450,000 RMB due to excessive emissions from its subsidiary, which has since implemented corrective measures to comply with environmental standards[143]. - The company has established a comprehensive waste management system, achieving resource recycling and reducing secondary pollution from manganese waste[146]. - The company has invested in advanced pollution control technologies, including desulfurization and dust removal facilities, which have successfully maintained emissions within regulatory limits[147]. Strategic Direction and Future Outlook - Future performance guidance suggests a positive outlook with expected revenue growth driven by new product launches and market expansion strategies[70]. - The company aims to enhance its product offerings and market reach through ongoing research and development initiatives[69]. - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 20% by 2020[184]. - The company plans to explore the market for high-purity manganese sulfate and other new energy battery materials[95]. - The company is focusing on innovation and product upgrades to enhance competitiveness and reduce labor costs[95]. Shareholder and Governance Matters - The company has not proposed any cash dividends or stock bonuses for the past three years, indicating a focus on reinvestment rather than shareholder returns[102]. - The company plans to distribute dividends in cash, stock, or a combination of both, with a preference for cash dividends over the next three years (2015-2017)[108]. - The company emphasizes the protection of shareholder and creditor rights by continuously improving its governance structure and internal control systems[140]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring no interference in decision-making[198]. - The company has established a fair bidding management system to create a competitive environment for suppliers[142]. Employee and Management Practices - The total number of employees in the company is 1,205, with 1,113 in the parent company and 92 in major subsidiaries[188]. - The total salary paid to senior management during the reporting period amounts to 3.2739 million yuan[187]. - The company conducts annual training programs aimed at enhancing employee skills and aligning with business development goals[191]. - The company has established a salary policy based on performance, ensuring a balance between efficiency and fairness[190]. - The independent directors receive an annual allowance of 50,000 yuan each, while external directors do not receive compensation[186].

湘潭电化科技股份有限公司 2016 年第三季度报告正文 证券代码：002125 证券简称：湘潭电化 公告编号：2016-053 湘潭电化科技股份有限公司 2016 年第三季度报告正文 1 □ 是 √ 否 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。 公司负责人谭新乔、主管会计工作负责人熊毅及会计机构负责人(会计主管 人员)张伏林声明：保证季度报告中财务报表的真实、准确、完整。 2 湘潭电化科技股份有限公司 2016 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 湘潭电化科技股份有限公司 2016 年第三季度报告正文 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 | | 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） | 2,079,106,878.61 | 2,631,993,491.5 ...