新疆准东石油技术股份有限公司 2018 年第一季度报告全文 新疆准东石油技术股份有限公司 2018 年第一季度报告 新疆准东石油技术股份有限公司 2018 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 一、主要会计数据和财务指标 所有董事均已出席了审议本次季报的董事会会议。 2019 年 04 月 1 公司负责人王金伦、主管会计工作负责人宗振江及会计机构负责人(会计主 管人员)刘艳声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆准东石油技术股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 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） | 28,379,410.63 | 20,806,886.76 | 36.39% | | 归属于上市公司股东的净利润（元） | -16,096,053.24 | 6 ...

Financial Performance - The company's operating revenue for 2018 was CNY 260,411,296.47, representing a 26.17% increase compared to CNY 206,396,643.37 in 2017[17]. - The net profit attributable to shareholders was CNY -340,108,743.90, a significant decrease of 3,538.37% from CNY 9,891,580.72 in the previous year[17]. - The net cash flow from operating activities improved by 54.29%, reaching CNY -21,285,635.58, compared to CNY -46,569,673.89 in 2017[17]. - Total assets decreased by 45.82% to CNY 405,203,573.62 at the end of 2018, down from CNY 747,857,239.93 at the end of 2017[17]. - The net assets attributable to shareholders dropped by 94.58% to CNY 19,011,237.76, compared to CNY 350,770,795.14 in 2017[17]. - The basic earnings per share were CNY -1.42, reflecting a decline of 3,650.00% from CNY 0.04 in the previous year[17]. - The weighted average return on net assets was -183.95%, a decrease of 186.80% from 2.85% in 2017[17]. - The company reported a net profit attributable to shareholders of CNY -322.83 million in Q4, with a total annual net loss due to asset impairment provisions[21]. - The company’s net profit for 2018 was -322,479,266.76, leading to a total distributable profit of -418,423,275.29, indicating a negative profit distribution situation[104]. Revenue and Profitability - The gross profit from the main business was CNY 16.85 million, up CNY 4.28 million, or 34.03% year-on-year[32]. - The revenue from the oil and gas extraction service sector accounted for 100% of total operating revenue, with industrial products contributing CNY 181,680,089.24, or 69.77% of the total[49]. - The company reported a gross profit margin of 6.47% for the oil and gas extraction service sector, with operating costs amounting to CNY 243,560,289.07[51]. - The domestic revenue was CNY 257,502,955.88, which is 98.88% of total revenue, showing a 25.13% increase from the previous year[49]. - The construction segment saw a significant revenue increase of 43.34%, reaching CNY 47,913,342.40 in 2018[49]. - The company’s foreign revenue increased by 372.79%, amounting to CNY 2,908,340.59, compared to CNY 615,141.73 in 2017[49]. Cash Flow and Investments - The cash flow from operating activities turned positive in Q4, amounting to CNY 33.62 million[21]. - Long-term equity investments decreased by CNY 190.59 million, a 100% decline, primarily due to investment loss recognition and impairment provisions[27]. - The company’s cash and cash equivalents decreased by CNY 95.45 million, a 69.79% drop, mainly due to loan repayments and increased fixed asset investments[27]. - The company provided integrated oilfield dynamic monitoring and enhanced recovery technology services, establishing a strong market relationship with major clients[26]. - The company has committed to invest 22,348,000 CNY in various projects, with 21,172,290 CNY already invested, achieving a progress rate of 94.76%[74]. Risk Factors and Challenges - The company faces risks including industry concentration, client concentration, and potential safety and environmental incidents[4]. - The company is actively addressing low-efficiency overseas investments, particularly in Kazakhstan, where it faces significant financial burdens due to continuous losses and currency depreciation[41]. - The company has recognized an investment loss of 141.48 million yuan and made an impairment provision of 49.02 million yuan for its 28% stake in Zhendanjiji Energy, significantly impacting its performance[81]. - The international oil price fluctuated upwards in 2018, breaking through $85 per barrel in September, but sharply declined in October due to supply-demand imbalances and geopolitical events[82]. Corporate Governance and Compliance - The company has fulfilled its commitments regarding the independence of the listed company and has not engaged in any competitive activities with its controlling shareholder[106]. - The company guarantees that related transactions will be conducted at fair prices, determined by independent third-party benchmarks[110]. - The company has committed to ensuring the independence of its personnel, assets, finances, and operations to avoid potential competition with its listed subsidiary, Zhun Oil Co., Ltd.[112]. - The company has established a policy to limit share transfers during employment and for six months post-employment, capping annual transfers at 25% of total shares held[110]. Future Outlook and Strategic Plans - The company plans to continue leveraging industry recovery opportunities while addressing legacy issues from previous management[32]. - The company aims to enhance its core competitiveness by focusing on high-margin, sustainable oil service businesses and increasing investment in technology barriers[89]. - The company plans to purchase two nitrogen production equipment, with one already procured using its own funds and the other currently in use after being purchased with raised funds[74]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[182]. Employee and Management Structure - The total number of employees in the company is 814, with 596 in the parent company and 218 in major subsidiaries[189]. - The total remuneration for directors and senior management during the reporting period amounts to 498.88 million[188]. - The company maintains a strict salary policy linked to economic performance and individual contributions[191]. - The management team has undergone significant changes, with several key executives resigning and new appointments made to strengthen leadership[171]. Shareholder Information - The largest shareholder, Huzhou Yanrun Investment Management Partnership, holds 23.30% of the shares, totaling 55,738,278 ordinary shares[156]. - The company reported a total shareholding of 2,338,896 shares held by directors, supervisors, and senior management as of the end of the reporting period[167]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[161]. - The company has not conducted any repurchase transactions among the top shareholders during the reporting period[156].

新疆准东石油技术股份有限公司 2018 年第三季度报告正文 证券代码：002207 证券简称：ST 准油 公告编号：2018-088 新疆准东石油技术股份有限公司 2018 年第三季度报告正文 1 新疆准东石油技术股份有限公司 2018 年第三季度报告正文 □ 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） | 648,813,483.95 | 747,857,239.93 | | -13.24% | | 归属于上市公司股东的净资产 | 335,316,444.07 | 350,770,795.14 | | -4.41% | | （元） | | | | | | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | | | 增减 | | 年同期增减 | | 营业收入（元） | 79,642,701.87 | 34.37% | 170,402,085.21 | 28.19% | | 归属于上市公司股东的净利润 （元） | -5,984,814.69 | -602 ...

Financial Performance - The company's operating revenue for the reporting period was ¥90,759,383.34, representing a 23.22% increase compared to ¥73,654,988.55 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was -¥11,297,767.14, a decrease of 125.99% from ¥43,472,456.53 in the previous year[16]. - The net cash flow from operating activities was -¥49,488,944.03, showing an improvement of 24.66% compared to -¥65,686,194.46 in the same period last year[16]. - The basic earnings per share were -¥0.05, a decline of 127.78% from ¥0.18 in the same period last year[16]. - The diluted earnings per share were also -¥0.05, reflecting the same percentage decline as the basic earnings per share[16]. - The weighted average return on net assets was -3.28%, a decrease of 15.21% compared to 11.93% in the previous year[16]. - The company reported a significant increase in income tax expenses, which rose by 376.55% to ¥268,398.45 due to increased profits from subsidiaries[35]. - The company expects a net loss of between RMB 17 million and RMB 8.5 million for the first nine months of 2018, compared to a net profit of RMB 43.47 million in the same period of 2017[65]. - The company reported a comprehensive income total of -26,271,818.05 CNY for the current period[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥638,148,041.14, down 14.67% from ¥747,857,239.93 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 3.50%, from ¥350,770,795.14 to ¥338,496,979.19[16]. - The company's total assets decreased to CNY 700,071,058.86 from CNY 854,228,772.82, a decline of 18%[142]. - Current assets decreased significantly from CNY 386,509,378.98 to CNY 248,253,942.43, a drop of 35.8%[140]. - Total liabilities decreased from CNY 447,321,458.64 to CNY 319,435,562.73, a reduction of 28.6%[142]. - The total amount of raised funds is CNY 21,172.29 million, with CNY 17,444.46 million already invested cumulatively[50]. - The total cash outflow from investing activities was 10,605,301.45 CNY, an increase of 70.0% from 6,237,918.27 CNY in the previous period[156]. Cash Flow - The net cash flow from operating activities improved by 24.66%, amounting to -¥49,488,944.03 compared to -¥65,686,194.46 in the previous year[35]. - The cash flow from operating activities showed a negative trend, with a total outflow of 187,262,973.38 CNY, up from 157,657,687.39 CNY in the previous period[156]. - The cash inflow from financing activities was 37,000,000.00 CNY, while cash outflow was 38,346,095.02 CNY, resulting in a net cash flow of -38,346,095.02 CNY, slightly improved from -38,787,665.29 CNY previously[156]. Investments and Projects - The company has initiated 71 technology innovation projects, including a large-diameter continuous oil pipe project that has been officially put into use[30]. - The investment progress for the dynamic monitoring equipment project is 31.62%, with CNY 1,405.08 million invested[52]. - The new nitrogen equipment project has achieved a cumulative loss of CNY 244.25 million, primarily due to reduced demand and lower pricing from major clients[53]. - The company has not made any changes to its major investment projects during the reporting period[51]. Shareholder Information - Yanyun Investment currently holds 55,738,278 shares, accounting for 23.30% of the total shares outstanding after the transfer completed on February 13, 2018[116]. - The total number of ordinary shareholders at the end of the reporting period is 27,574[120]. - The largest shareholder, Huzhou Yanrun Investment Management Partnership, holds 23.30% of the shares, totaling 55,738,278 ordinary shares[120]. - The new controlling shareholder is Yanrun Investment, effective February 13, 2018[122]. Compliance and Governance - The company guarantees compliance with relevant regulations and its own articles of association, ensuring equal rights for all shareholders[79]. - The company has committed to avoid any competitive business activities with its controlling shareholders and their affiliates[79]. - The company will ensure fair pricing in related transactions, aligning with independent third-party pricing standards[79]. - The company has established measures to prevent the misuse of its controlling position for improper benefits[79]. - The company reported a commitment to maintain the independence of its operations, ensuring no conflicts of interest with its subsidiaries[81]. Audit and Reporting - The semi-annual financial report has not been audited, indicating a lack of external validation for the financial data presented[88]. - The company received a non-standard audit report for the previous year, with a reserve opinion due to unauthorized guarantees amounting to 26.03 million yuan[89]. - The financial report was approved by the company's board on August 27, 2018, covering the period up to June 30, 2018[175]. Market and Operational Strategy - The company is focusing on expanding into high-value, technology-driven markets to mitigate risks associated with concentrated customer bases and market regions[66]. - The company plans to enhance its quality management and safety standards to comply with new environmental regulations and reduce operational risks[68]. - The company plans to enhance market development efforts and invest in high-tech, high-value projects to improve its competitive strength and achieve profitability[73].

Financial Performance - The company's operating revenue for 2017 was ¥206,396,643.37, a decrease of 7.74% compared to ¥223,707,402.17 in 2016[19]. - The net profit attributable to shareholders for 2017 was ¥9,891,580.72, representing a significant increase of 110.78% from a loss of ¥91,724,852.62 in 2016[19]. - The basic earnings per share for 2017 was ¥0.04, up 110.53% from a loss of ¥0.38 per share in 2016[20]. - The total assets at the end of 2017 were ¥747,857,239.93, down 18.29% from ¥915,206,849.96 at the end of 2016[20]. - The net cash flow from operating activities for 2017 was negative at ¥46,569,673.89, a decline of 258.79% compared to ¥29,327,419.75 in 2016[19]. - The company reported a significant reduction in operating costs, with total costs amounting to CNY 193,824,471.32, down 14.00% from the previous year[43]. - The company reported a net profit of 9,891,580.72 CNY for the current year, compared to a net loss of 91,724,852.62 CNY in the previous year[103]. Shareholder and Ownership Changes - The company’s major shareholder, Yanzhun Investment, has become the controlling shareholder following a series of stock transfers[18]. - The company has not distributed cash dividends or issued new shares in the past three years, including the 2017 fiscal year[91]. - The company’s major shareholder, Chuangyue Group, transferred 40,260,000 shares (16.83% of total shares) to Guohao Technology, making it the controlling shareholder[147]. - Yanyun Investment acquired 55,738,278 shares through judicial auction, representing 23.30% of the total shares, and became a major shareholder[147]. - The report indicates that the changes in shareholding were due to the expiration of lock-up periods for certain executives and the completion of share transfers[149]. Operational Efficiency and Cost Management - The company reported a significant focus on improving operational efficiency and reducing costs, aiming for a more sustainable business model[6]. - The company focused on cost-cutting measures and optimizing production operations to mitigate losses in a challenging market environment[36]. - Sales expenses decreased by 55.84% to 55,785.39 from 126,332.47 due to reduced freight costs[51]. - Management expenses decreased by 33.48% to 32,004,880.49 from 48,116,236.42 as a result of streamlining management and controlling non-productive expenditures[51]. - Financial expenses decreased by 74.40% to 9,385,520.35 from 36,665,956.62 due to reduced financial costs and exchange losses[51]. Investment and Project Development - The company has allocated 100 million yuan for research and development in the upcoming fiscal year[182]. - The investment progress for the dynamic monitoring equipment project was only 31.62%, with a total investment of 1,405.08 million CNY[64]. - The new nitrogen equipment project achieved a cumulative benefit of -256.04 million CNY, failing to meet the promised cumulative return[64]. - The company has not experienced any significant changes in the feasibility of investment projects during the reporting period[66]. Risks and Challenges - The company has faced risks related to industry concentration and uncertain returns on foreign investments, which may impact future performance[7]. - The company faces risks due to its reliance on a single industry and concentrated customer base, primarily in Xinjiang, which could impact its operations if market conditions change[83]. - The company is facing financial burdens from foreign investments, particularly in Kazakhstan, which are affected by international oil price fluctuations[85]. - The company is actively seeking to mitigate exchange rate risks associated with its overseas operations by using USD for settlements[86]. Compliance and Governance - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period, ensuring the independence of the listed company[94]. - The company has committed to avoiding any competition with its controlling shareholder, ensuring that no competing business activities will be conducted[94]. - The company has established a framework to prevent the illegal transfer of funds or profits through related party transactions[98]. - The company operates independently from its major shareholder in business, personnel, assets, organization, and finance, ensuring complete operational autonomy[198]. Market Position and Strategy - The company maintains a strong market position in providing integrated oilfield dynamic monitoring and enhanced recovery technology services[29]. - The company aims to enhance the technical content of its main business and maintain steady growth in revenue and gross profit[80]. - The company plans to increase investment in high-tech, high-value-added projects to improve competitiveness and achieve revenue growth[82]. - The oil service industry is expected to see a recovery in overall workload in 2018, with oil prices stabilizing above $60 per barrel potentially increasing capital expenditures from oil companies[78]. Social Responsibility and Environmental Initiatives - The company participated in social responsibility initiatives, including a poverty alleviation program by purchasing 5,100 bottles of mineral water[133]. - The company has made significant investments in various poverty alleviation projects, although specific financial figures for each project were not disclosed[135]. - The company has committed to following national regulations and construction standards for environmental protection measures[136]. - The company has implemented a standardized management system to prevent major accidents and pollution[84].

Financial Performance - Operating revenue for the current period was ¥59,273,356.60, representing a 9.06% increase year-on-year[8] - Net profit attributable to shareholders increased by 104.13% to ¥1,189,836.44 compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,757,528.89, up 106.23% year-on-year[8] - Basic earnings per share rose by 104.17% to ¥0.005[8] - The company reported a net profit attributable to shareholders of ¥44,662,292.97, a 159.48% increase compared to the previous period[16] - Basic earnings per share improved by 161.29% to ¥0.19, driven by the increase in net profit[16] - The company expects a net profit for 2017 to be between 7.5 million and 15 million yuan, a turnaround from a net loss of 91.72 million yuan in 2016[33] - The improvement in performance is attributed to the recognition of investment income from the sale of assets and strict control over non-production expenses, leading to a reduction in period costs[33] Assets and Liabilities - Total assets decreased by 15.69% to ¥771,630,597.62 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 13.88% to ¥390,084,428.94 compared to the end of the previous year[8] - The company's cash and cash equivalents decreased by 87.35% to ¥19,487,070.88 due to seasonal factors affecting business income settlement and customer payment cycles[16] - Accounts receivable decreased by 78.63% to ¥5,125,407.36 as a result of early discounting of notes[16] - Prepayments increased by 195.97% to ¥4,719,732.00 due to contractually agreed payments during the reporting period[16] - Other receivables surged by 665.00% to ¥78,489,345.33, reflecting the recognition of income from the sale of property shares[16] Cash Flow - The net cash flow from operating activities was -¥10,034,767.49, a decrease of 176.93% compared to the same period last year[8] - Operating cash flow net amount decreased by 113.43% to -¥75,720,961.95 due to reduced operating income and business collections[17] - Investment cash flow net amount improved by 69.06% to -¥6,614,918.27 compared to the previous year[17] - Financing cash flow net amount decreased by 30.72% to -¥57,676,445.70 as the company repaid due borrowings[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,591[12] - The largest shareholder, Chuangyue Group, pledged 40,260,000 shares (16.83% of total shares) to Zhongrong International Trust[21] - The court allowed the auction of shares pledged by Chuangyue Group, with the case still in execution[21] Legal and Compliance Issues - The company is under investigation by the China Securities Regulatory Commission for alleged violations of securities laws, with an administrative penalty notice received on August 9, 2017[23] - A public apology meeting was held on August 21, 2017, in response to the investigation[23] - The company has committed to compliance and transparency, as evidenced by the ongoing updates regarding the investigation and its outcomes[23] - The company has not recognized the sales revenue from the real estate transaction, resulting in an expected non-operating income of RMB 21.8925 million[22] - There were no violations regarding external guarantees during the reporting period[34] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[35] Related Party Transactions - The company has pledged to avoid any competitive business activities with its controlling entities, ensuring no conflicts of interest arise[26] - The company guarantees compliance with relevant regulations and its own articles of association, ensuring equal rights for all shareholders[26] - The company has committed to transparency in disclosing related party transactions to protect the interests of non-related shareholders[28] - The company has established a framework for fair pricing in related party transactions, ensuring they are comparable to independent third-party transactions[28] Future Outlook and Challenges - The company is currently facing issues with the major shareholder's equity being frozen, which may impact future operations[37] - There are concerns regarding the company's cash flow and the current state of the industry, suggesting potential financial challenges ahead[37] - The company's foreign investments in the Netherlands and Kazakhstan are subject to exchange rate fluctuations, adding uncertainty to the 2017 performance[33] - The company has been actively communicating about its semi-annual performance and future outlook, reflecting a focus on operational transparency[37]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥73,654,988.55, a decrease of 26.07% compared to ¥99,624,503.13 in the same period last year[16]. - The net profit attributable to shareholders was ¥43,472,456.53, a significant increase of 193.96% from a loss of ¥46,268,674.72 in the previous year[16]. - The basic earnings per share rose to ¥0.18, compared to a loss of ¥0.19 per share in the same period last year, marking a 194.74% improvement[16]. - The weighted average return on net assets increased to 11.93%, up by 22.72% from -10.79% in the previous year[16]. - The total assets at the end of the reporting period were ¥808,706,853.72, down 11.64% from ¥915,206,849.96 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 12.76% to ¥386,222,575.28 from ¥342,527,865.59 at the end of the previous year[16]. - The net cash flow from operating activities was -¥65,686,194.46, a decline of 35.37% compared to -¥48,522,359.42 in the same period last year[16]. - The company reported non-recurring gains of ¥90,884,243.75, primarily from the sale of a 7% stake in Zhendanjiji Energy[21]. - The company reported a net profit of CNY 43.47 million, turning from a loss of CNY 89.74 million in the previous year, mainly due to the recognition of investment income from the sale of a 7% stake in Zhendanjiji Energy[30]. - The company’s gross margin in the oil and gas extraction service sector was -13.60%, reflecting a decrease of 12.77% compared to the previous year[35]. - The company’s operating costs decreased by 16.70% to CNY 83.68 million, but fixed costs remained a significant burden on overall profitability[32]. Cash Flow and Investments - The company's cash and cash equivalents decreased by 16.98% to CNY -110.86 million, reflecting a decline in operating cash inflows[33]. - The company has cumulatively used CNY 17,475.82 million of the raised funds, with CNY 3,600,000 allocated to supplement working capital[47]. - The company temporarily supplemented working capital with 36 million yuan from idle raised funds as of May 18, 2017[50]. - The company raised ¥37,000,000.00 through borrowings, an increase from ¥30,000,000.00 in the previous period[164]. - The net cash flow from investment activities was -6,237,918.27, a decrease of 26,779,720.06 compared to the previous period[167]. Operational Challenges and Risks - The company faces various risks including operational uncertainties, client concentration, and potential disciplinary actions from the Shenzhen Stock Exchange[4]. - The company is facing potential financial burdens from its overseas investments, particularly in Kazakhstan, due to international oil price fluctuations[67]. - The company is at risk of being penalized by the Shenzhen Stock Exchange due to consecutive years of negative net profits[69]. - The company reported a significant increase in operating losses for its international subsidiary, which was unable to recover receivables due to ongoing low oil prices[36]. - The company suspended loss-making projects in the international segment to mitigate the impact of losses on overall operations during the reporting period[36]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The actual controller and related parties have committed to ensuring the independence of the listed company, including financial and operational independence, without any violations during the reporting period[74]. - The company has not engaged in any related party transactions that would harm the interests of other shareholders during the reporting period[75]. - The company’s major shareholder, Chuangyue Group, and former actual controller Qin Yong had their shares judicially frozen due to personal economic disputes[93][94]. - The company is currently involved in legal proceedings regarding the auction of shares held by its largest shareholder[113]. Future Outlook and Strategic Initiatives - The company aims to expand into new markets and projects while improving service quality to maintain market share[65]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[78]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to increase the company's market share by 5%[80]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on new product launches and market expansion strategies[78]. Compliance and Internal Controls - The financial report for the first half of 2017 was not audited, which may affect the reliability of the financial data presented[143]. - The auditor issued a qualified opinion on the 2016 annual financial statements due to significant internal control deficiencies[83]. - The company has implemented measures to strengthen seal management and internal controls following the identified deficiencies[84]. - The management emphasized the importance of compliance with regulations regarding related party transactions to ensure transparency and fairness in operations[80]. Research and Development - The company's research and development expenditure was CNY 2.55 million, down 22.39% year-on-year[32]. - Research and development expenses have increased by 18%, reflecting the company's commitment to innovation and technology advancement[80]. - The company continues to focus on oilfield technology services and the research and promotion of new oilfield technologies, indicating ongoing investment in innovation[182].

新疆准东石油技术股份有限公司 2017 年第一季度报告正文 证券代码：002207 证券简称：准油股份 公告编号：2017-047 新疆准东石油技术股份有限公司 2017 年第一季度报告正文 1 新疆准东石油技术股份有限公司 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。 公司负责人王金伦、主管会计工作负责人宗振江及会计机构负责人(会计主 管人员)刘艳声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆准东石油技术股份有限公司 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） | 20,806,886.76 | 39,093,867.13 | -46.78% ...

Financial Performance - The company reported a revenue of ¥223,707,402.17 in 2016, a decrease of 20.29% compared to ¥280,653,173.80 in 2015[6]. - The net profit attributable to shareholders was -¥91,724,852.62, representing a 50.17% reduction in losses compared to -¥184,084,188.94 in the previous year[6]. - The net cash flow from operating activities was ¥29,327,419.75, down 81.94% from ¥162,389,728.04 in 2015[6]. - The basic and diluted earnings per share were both -¥0.38, an improvement of 50.65% from -¥0.77 in 2015[6]. - Total operating revenue decreased by 20.29% to ¥223,707,402.17 in 2016 from ¥280,653,173.80 in 2015[35]. - Revenue from the industrial sector (including oil technology, oilfield management, and chemical products) fell by 25.61% to ¥170,691,214.87, accounting for 76.30% of total revenue[35]. - Domestic revenue decreased by 25.62% to ¥202,253,967.46, while international revenue increased by 145.51% to ¥21,453,434.71[36]. - Gross profit margin for the oil and gas extraction service industry was -0.74%, with operating costs rising by 26.45% compared to the previous year[38]. - The company reported a net loss of RMB 91,724,852.62 for 2016, with no cash dividends distributed, marking a 0.00% payout ratio[85]. - In 2015, the company also did not distribute cash dividends, resulting in a net loss of RMB 184,084,188.94[85]. Operational Challenges - The company faces significant operational risks, including market uncertainty, client concentration, and potential regulatory investigations[6]. - The company’s revenue for 2016 was impacted by low international oil prices and reduced capital expenditures in upstream exploration and development, leading to a decrease in service prices and workload[32]. - The company plans to continue controlling costs and enhancing collection efforts to further reduce operational losses in the future[32]. - The company is exposed to risks from international oil price fluctuations and has a heavy financial burden from loans related to foreign investments[75]. - The company is under investigation by the China Securities Regulatory Commission for potential violations of securities laws, posing a risk of administrative penalties[78]. - The company’s stock may face delisting risk due to consecutive years of negative audited net profits in 2015 and 2016[78]. Shareholder and Governance Issues - The first major shareholder, Chuangyue Group, and the actual controller, Qin Yong, have transferred their voting rights for 40,260,000 shares (16.83% of total shares) and 15,478,278 shares (6.47% of total shares) to Guohao Technology[16]. - The company has been undergoing a restructuring process, with multiple inquiries regarding its progress throughout 2016[80]. - The company’s major shareholder and actual controller's shares have been judicially frozen, raising concerns about the impact on the restructuring[81]. - The company has not provided a profit distribution plan for the current fiscal year, indicating ongoing financial challenges[84]. - The company has faced multiple inquiries from the stock exchange regarding its restructuring efforts and stock resumption timeline[81]. - The company has committed to ensuring the independence of its operations, assets, and finances, with no violations reported as of December 21, 2016[88]. Investment and Capital Management - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The total amount of committed investment projects is CNY 22,348 million, with cumulative investment reaching CNY 21,172.29 million, representing a completion rate of approximately 94.8%[60]. - The company has invested CNY 15,024.29 million in supplementary working capital, achieving a 100% completion rate[60]. - The company has adopted a cautious approach to investment due to the ongoing decline in international oil prices, affecting overall service volume[60]. - The company plans to use CNY 3,913.28 million of idle raised funds to supplement working capital, which has been fully returned to the special account[61]. Subsidiary Performance - In 2016, the company reported a net profit of 4,473,825.18 CNY from its subsidiary, Zhun Oil Transportation, which increased by 36.56% compared to the previous year[67]. - Zhun Oil Chemical, another subsidiary, reported a net loss of 2,074,668.69 CNY in 2016, a decline of 242.92% year-on-year due to a decrease in sales volume[68]. - Zhun Oil Energy, which is in the process of liquidation, recorded a net loss of 916,535.00 CNY in 2016, a decrease of 413.41% compared to the previous year[69]. - Zhun Oil Tianshan reported a net loss of 2,358,458.50 CNY in 2016, which was a reduction in losses by 68.17% year-on-year due to increased service workload[69]. Future Outlook - The company anticipates a moderate growth in global oil demand in 2017, with an expected increase of 1.1 to 1.3 million barrels per day[70]. - The company plans to focus on cost reduction and efficiency improvement strategies to enhance profitability in a challenging oil market[70]. - The oil service sector is expected to benefit from rising oil prices, with a lag effect impacting the timing of benefits to oil service companies[70]. - The company aims to improve traditional oil service business performance while actively seeking quality projects and reducing reliance on a single industry in 2017[71]. - The company plans to implement cost reduction and efficiency enhancement measures, expecting to turn losses into profits in 2017[72]. Compliance and Regulatory Matters - The company has committed to ensuring fair pricing and transparency in related party transactions following the completion of its private placement[97]. - The company has established a policy to limit the transfer of shares by shareholders during their tenure to no more than 25% of their total holdings annually[94]. - The company has pledged to avoid any illegal occupation of funds or assets from its subsidiaries[92]. - The company has committed to maintaining the integrity of its financial reporting and operational independence[88]. - The company has established a framework for managing related transactions to prevent illegal occupation of assets[90]. Employee and Management Structure - The total number of employees in the company is 906, with 696 in the parent company and 210 in major subsidiaries[180]. - The total pre-tax remuneration for directors and senior management during the reporting period amounts to 583.28 million yuan[178]. - The company has implemented a salary policy that links employee remuneration to economic performance and individual contributions[181]. - The company conducts annual training programs to improve employee skills and efficiency, covering various topics including corporate culture and financial training[182]. - The company has a transparent performance evaluation and incentive mechanism linked to company performance and individual achievements[188].

Financial Performance - The company reported a revenue of ¥223,707,402.17 in 2016, a decrease of 20.29% compared to ¥280,653,173.80 in 2015[6]. - The net profit attributable to shareholders was -¥91,724,852.62, representing a 50.17% reduction in losses compared to -¥184,084,188.94 in the previous year[6]. - The net cash flow from operating activities was ¥29,327,419.75, down 81.94% from ¥162,389,728.04 in 2015[6]. - The company’s total assets decreased by 7.42% to ¥915,206,849.96 at the end of 2016 from ¥988,542,022.94 at the end of 2015[6]. - Total operating revenue decreased by 20.29% to ¥223,707,402.17 in 2016 from ¥280,653,173.80 in 2015[35]. - The company reported a significant reduction in non-recurring losses, with total non-recurring gains amounting to ¥6,468,621.02 in 2016[22]. - The gross profit margin for the oil and gas extraction service industry was -0.74%, with operating costs rising by 26.45% compared to the previous year[38]. - The company reported a net loss of ¥91,724,852.62, an improvement from a loss of ¥184,084,188.94 in the previous year[50]. - The cash and cash equivalents net increase was ¥21,554,009.34, a turnaround from a decrease of -¥172,769,834.37 in the previous year, marking a 112.48% improvement[47]. Shareholder and Equity Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The first major shareholder, Chuangyue Group, and the actual controller, Qin Yong, signed a voting rights entrustment agreement with Guohao Technology, transferring 16.83% and 6.47% of the total share capital voting rights respectively[16]. - The company has not proposed any cash dividend distribution for the 2016 fiscal year, nor for the previous two years[81]. - The company has not implemented any capital reserve transfers to increase share capital in the last three years[81]. - The company’s major shareholder, Chuangyue Group, transferred voting rights of 40,260,000 shares (16.83%) to Guohao Technology, changing the actual controller to Gao Juwei[133]. Operational Challenges and Market Conditions - The company’s revenue for 2016 was impacted by low international oil prices and reduced capital expenditures by upstream oil companies, leading to a decrease in service prices and workload[32]. - The company faces challenges from overall industry investment shrinkage and declining service prices, with intensified competition from private enterprises[72]. - The oil and gas industry is experiencing significant changes due to global supply surplus and fluctuating oil prices, affecting the company's operations[69]. - The company is undergoing a liquidation process for Zhun Oil Energy, which is expected to impact its financials moving forward[68]. Strategic Initiatives and Future Outlook - In 2017, the company plans to achieve revenue of 236 million CNY and a net profit of 30 million CNY, aiming to turn losses into profits[70]. - The company will focus on improving traditional oil service business performance while seeking quality projects to reduce reliance on a single industry[71]. - The company anticipates a moderate growth in global oil demand in 2017, with an expected increase of 1.1 to 1.3 million barrels per day[69]. - The company plans to adapt to the evolving market conditions and leverage potential opportunities arising from oil price fluctuations[69]. Corporate Governance and Compliance - The company is under investigation by the China Securities Regulatory Commission for potential violations of securities laws, which poses a risk of administrative penalties[75]. - The company is committed to maintaining an effective HSE management system to mitigate safety and environmental risks[73]. - The company has committed to ensuring the independence of its personnel, assets, finances, and operations, with no violations reported as of December 21, 2016[84]. - The company has established a framework to ensure compliance with relevant laws and regulations regarding related party transactions[88]. Research and Development - Research and development investment decreased by 57.46% to ¥9,269,439.41, representing 4.14% of total operating revenue[46]. - The company is actively pursuing new technologies and product development to enhance its competitive edge in the oil and gas sector[158]. - Investment in new technology R&D increased by 30%, totaling 300 million CNY, focusing on enhancing oil extraction techniques[124]. Subsidiary Performance - In 2016, the company reported a net profit of 4,473,825.18 CNY from its subsidiary, Zhun Oil Transportation, which increased by 36.56% compared to the previous year[66]. - Zhun Oil Chemical, another subsidiary, reported a net loss of 2,074,668.69 CNY in 2016, a decline of 242.92% year-on-year due to a decrease in sales volume[67]. - Zhun Oil Energy, fully owned by the company, had no revenue in 2016 and reported a net loss of 9,165,335.00 CNY, a decrease of 413.41% compared to the previous year[68]. Internal Control and Audit - The internal control audit report issued a negative opinion due to a significant defect in the management and use of seals, which did not comply with company regulations[198]. - The company has recognized the significant defect and included it in the 2016 internal control evaluation report[197]. - The audit committee conducted evaluations of the company's financial reports and internal control self-assessment during the reporting period[189]. Employee and Management Structure - The total number of employees in the company is 906, with 696 in the parent company and 210 in major subsidiaries[173]. - The company has implemented a salary policy that links employee compensation to economic performance and individual contributions[174]. - The company has established a training plan that includes various training programs aimed at improving employee skills and efficiency[175].