[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section provides key declarations from the Board of Directors and Board of Supervisors regarding the accuracy and completeness of the quarterly report [Board of Directors' Statement and Attendance](index=2&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%A3%B0%E6%98%8E%E4%B8%8E%E8%91%A3%E4%BA%8B%E5%87%BA%E5%B8%AD%E6%83%85%E5%86%B5) The company's Board of Directors, Board of Supervisors, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, assuming corresponding legal responsibilities; all directors, except Luo Jiamang, attended the board meeting to review this quarterly report - The company's Board of Directors, Board of Supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report content and assume legal responsibility[5](index=5&type=chunk) - Director Luo Jiamang was unable to attend the meeting or provide opinions/signatures due to an ongoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission[6](index=6&type=chunk) [Company Profile](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section details the company's key financial data, performance indicators, and shareholder structure as of the reporting period end [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) As of Q3 2020, the company's total assets increased by 25.35% from year-end, with year-to-date total operating revenue and net profit attributable to parent growing by 20.11% and 35.17% respectively, demonstrating strong profitability Key Financial Indicators for Q1-Q3 2020 | Indicator | Year-to-Date | YoY Change | Current Period (Q3) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue (CNY) | 10,131,272,655.38 | 20.11% | 3,452,989,684.39 | 27.82% | | Net Profit Attributable to Parent (CNY) | 933,300,286.94 | 35.17% | 338,260,917.27 | 139.46% | | Net Profit Attributable to Parent Excluding Non-recurring Items (CNY) | 934,675,673.25 | 34.81% | 337,755,143.44 | 139.87% | | Net Cash Flow from Operating Activities (CNY) | 6,374,923,432.34 | 45.10% | 2,780,671,680.54 | 0.06% | | Basic Earnings Per Share (CNY/share) | 0.4051 | 35.17% | 0.1468 | 139.48% | | Weighted Average Return on Net Assets | 5.59% | Increased by 1.25 percentage points | 2.00% | Increased by 1.13 percentage points | Key Balance Sheet Indicators as of Report Period End | Indicator | Current Period End (2020-09-30) | Prior Year End (2019-12-31) | Change | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 84,206,980,265.13 | 67,178,265,707.31 | 25.35% | | Net Assets Attributable to Parent (CNY) | 17,014,051,864.07 | 16,334,392,763.16 | 4.16% | [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 18,922 common shareholders, with controlling shareholder COFCO Group Co., Ltd. holding 62.78%, indicating a stable equity structure - As of the reporting period end, the company had **18,922** common shareholders[12](index=12&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | COFCO Group Co., Ltd. | State-owned Legal Entity | 62.78% | 1,446,543,440 | | Hony Horizon (Shenzhen) Equity Investment Partnership (Limited Partnership) | Domestic Non-state-owned Legal Entity | 7.85% | 180,962,793 | | Guangdong Wens Investment Co., Ltd. | Domestic Non-state-owned Legal Entity | 4.36% | 100,534,883 | | Beijing Capital Agribusiness Group Co., Ltd. | State-owned Legal Entity | 3.93% | 90,481,396 | | China State-owned Enterprise Structural Adjustment Fund Co., Ltd. | State-owned Legal Entity | 3.49% | 80,427,911 | [Significant Matters](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant changes in financial data, including asset, liability, and cash flow movements, along with other important disclosures such as entrusted investments and compliance [Analysis of Financial Data Changes](index=6&type=section&id=%E4%B8%89%E3%80%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, significant changes in financial indicators were primarily driven by the continuous expansion of business operations, impacting balance sheet, income statement, and cash flow items - Balance sheet item changes primarily resulted from the growth in investment, futures brokerage, and insurance business scales, with significant increases in **financial assets purchased under resale agreements (+280.10%)**, **other current assets (+58.52%)**, and **other debt investments (+89.56%)** due to business expansion[21](index=21&type=chunk) - Income statement items showed significant changes, with **total operating revenue (spot and futures business) increasing by 140.30%** and **fee and commission income growing by 33.55%**, primarily driven by the expansion of futures and trust businesses, while reduced expected credit losses on investment assets positively impacted profit growth[25](index=25&type=chunk) - Net cash flow from operating activities increased by **45.10%**, mainly due to the growth in trust business, while cash paid for investing activities increased by **57.59%**, reflecting expanded routine investment operations[25](index=25&type=chunk)[27](index=27&type=chunk) [Other Significant Matters](index=8&type=section&id=%E4%B8%89%E3%80%81%E4%BA%8C%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company had no major unfulfilled commitments, securities investments, or derivative investments during the reporting period, though some entrusted trust wealth management products experienced minor overdue unrecovered amounts - During the reporting period, the company had no overdue unfulfilled commitments, securities investments, derivative investments, or progress on raised fund investment projects[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) Entrusted Wealth Management Products (Unit: Million CNY) | Type | Amount of Entrusted Investment | Outstanding Balance (Unmatured) | Overdue Unrecovered Amount | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | 970.41 | 885.01 | 0 | | Brokerage Wealth Management Products | 879.72 | 879.72 | 0 | | Trust Wealth Management Products | 526.11 | 457.50 | 88.56 | | Other Categories | 1,528.20 | 658.81 | 0 | | **Total** | **3,904.45** | **2,881.04** | **88.56** | - The company had no irregular external guarantees, no non-operating fund occupation by the controlling shareholder, and no reception of research, communication, or interview activities during the reporting period[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) [Financial Statements](index=10&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited consolidated and parent company financial statements for the third quarter of 2020, including the balance sheet, income statement, and cash flow statement [Key Financial Statements](index=10&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%80%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's unaudited consolidated and parent company financial statements for Q3 2020, reflecting financial position, operating results, and cash flows - This section provides the consolidated and parent company balance sheets, income statements, and cash flow statements as of **September 30, 2020**[40](index=40&type=chunk) - The company's third-quarter report is **unaudited**[84](index=84&type=chunk) [Consolidated Balance Sheet](index=10&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2020, total assets reached **CNY 84.21 billion**, total liabilities **CNY 61.68 billion**, and net assets attributable to parent **CNY 17.01 billion** Consolidated Balance Sheet Key Items (September 30, 2020) | Item | Amount (CNY) | Change from Prior Year End | | :--- | :--- | :--- | | Total Assets | 84,206,980,265.13 | +25.35% | | Total Liabilities | 61,679,578,484.43 | +35.04% | | Total Equity Attributable to Parent Company Shareholders | 17,014,051,864.07 | +4.16% | [Consolidated Income Statement](index=15&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For Q1-Q3 2020, total operating revenue was **CNY 10.13 billion** (+20.11%), and net profit attributable to parent was **CNY 933.30 million** (+35.17%), with Q3 alone showing strong growth Consolidated Income Statement Key Items (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 10,131,272,655.38 | 8,434,796,425.59 | +20.11% | | Operating Profit | 1,781,001,793.12 | 1,340,105,875.47 | +32.90% | | Net Profit Attributable to Parent Company Shareholders | 933,300,286.94 | 690,459,548.36 | +35.17% | Consolidated Income Statement Key Items (Q3 Single Quarter) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3,452,989,684.39 | 2,701,507,408.57 | +27.82% | | Net Profit Attributable to Parent Company Shareholders | 338,260,917.27 | 141,257,060.91 | +139.46% | [Consolidated Cash Flow Statement](index=25&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For Q1-Q3 2020, net cash flow from operating activities significantly increased to **CNY 6.37 billion** (+45.10%), while investing activities resulted in a net outflow of **CNY 6.96 billion** Consolidated Cash Flow Statement Key Items (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 6,374,923,432.34 | 4,393,334,102.29 | | Net Cash Flow from Investing Activities | -6,962,379,518.49 | -4,577,603,716.06 | | Net Cash Flow from Financing Activities | 2,645,245,381.99 | 240,900,623.31 | | Net Increase in Cash and Cash Equivalents | 2,033,944,342.75 | 49,850,748.40 | [Financial Statement Adjustments and Audit Status](index=29&type=section&id=%E5%9B%9B%E3%80%81%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted new revenue recognition standards from January 1, 2020, with no impact on the opening balance sheet, and this quarterly report remains unaudited - The company adopted new revenue recognition standards effective **January 1, 2020**, with no impact on the company's balance sheet[83](index=83&type=chunk) - The company's third-quarter report is **unaudited**[84](index=84&type=chunk)

Financial Performance - Total operating income for the first half of 2020 was CNY 6,678,282,970.99, an increase of 16.48% compared to CNY 5,733,289,017.02 in the same period last year[20]. - Net profit attributable to shareholders of the listed company was CNY 595,039,369.67, representing an increase of 8.35% from CNY 549,202,487.45 in the previous year[20]. - Basic earnings per share were CNY 0.2583, up 8.35% from CNY 0.2384 in the previous year[20]. - The company reported a net profit of CNY 596,920,529.81 after deducting non-recurring gains and losses, an increase of 8.04% from CNY 552,500,239.25 in the previous year[20]. - The total operating revenue for the first half of 2020 reached 6.678 billion yuan, representing a year-on-year increase of 16.48%[38]. - The net profit attributable to the parent company was 595 million yuan, with a year-on-year growth of 8.35%[38]. - The total profit for the first half of 2020 was ¥1,049,619,400.25, compared to ¥973,844,148.42 in the same period of 2019, an increase of 7.8%[175]. Cash Flow - Net cash flow from operating activities reached CNY 3,594,251,751.80, a significant increase of 122.66% compared to CNY 1,614,219,374.86 in the same period last year[20]. - The company's cash and cash equivalents net increase was 337.8 million yuan, a 694.87% rise due to daily operational activities[45]. - Cash inflow from operating activities amounted to CNY 7.65 billion, an increase from CNY 6.36 billion in the first half of 2019[185]. - The net cash flow from investment activities was negative at CNY -7.78 billion, worsening from CNY -514.70 million in the first half of 2019[187]. - Cash inflow from financing activities was CNY 5.05 billion, a notable increase from CNY 487.25 million in the previous year[187]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 80,234,226,120.74, an increase of 19.43% from CNY 67,178,265,707.31 at the end of the previous year[20]. - The company's total liabilities were CNY 41,795,351,900.01, which includes short-term borrowings of CNY 372,525,654.59, up from CNY 267,885,421.41, indicating an increase of approximately 39.0%[162]. - The company's total current liabilities reached CNY 25.36 billion, up from CNY 17.53 billion, reflecting a growth of about 44.7%[166]. - The company's cash and cash equivalents at the end of the reporting period were RMB 9,066,243,824.98, accounting for 11.30% of total assets[50]. Investment and Income - Investment income from financial instruments and equity investments reached 658,669,274.26 CNY, while the fair value changes of financial instruments resulted in a gain of 586,116,974.84 CNY, both classified under normal business operations[25]. - The company reported a significant increase in research and development expenses, which rose to ¥2,472,553.89 from ¥903,485.88, marking a growth of 174.4%[173]. - Investment cash outflow totaled ¥560 million, resulting in a net cash flow from investment activities of -¥138.44 million[191]. Risk Management - The company emphasizes a risk management mechanism focused on compliance and risk control to mitigate business risks[70]. - The company acknowledges market volatility risks due to complex macroeconomic conditions and aims to enhance its risk management strategies[72]. - The company is implementing prudent liquidity management strategies to optimize its capital structure and enhance liquidity risk control capabilities[72]. Corporate Governance - The company held its annual general meeting on May 15, 2020, with an investor participation rate of 85.69%[76]. - There were no significant lawsuits or arbitration matters affecting the company during the reporting period[83]. - The company has not reported any major environmental issues or been classified as a key pollutant unit by environmental authorities[115]. Strategic Initiatives - The company is committed to expanding its international business through its overseas platforms, 中粮资本（香港） and 中粮期货（国际）, aligning with 中粮集团's internationalization strategy[35]. - The company launched a blockchain + supply chain service platform to enhance financing channels for small and micro enterprises in the grain and oil food industry[44]. - The company plans to enhance consumption poverty alleviation efforts in the second half of 2020, focusing on expanding sales channels for agricultural products in impoverished areas[120].

中粮资本控股股份有限公司 2020 年第一季度报告全文 中粮资本控股股份有限公司 2020 年第一季度报告 2020 年 04 月 m cr 1 中粮资本控股股份有限公司 2020 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙彦敏、主管会计工作负责人姜正华及会计机构负责人(会计主 管人员)史丽君声明：保证季度报告中财务报表的真实、准确、完整。 2 中粮资本控股股份有限公司 2020 年第一季度报告全文 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 | --- | --- | --- | --- | |-----------------------------------------------------|---------------------------|---------------------------|----------------------- ...

Financial Performance - The company's operating revenue for 2019 was ¥326,630,756.25, a decrease of 75.06% compared to the adjusted revenue of ¥1,309,553,673.77 in 2018[20]. - The net profit attributable to shareholders of the listed company was CNY 652,180,610.61, a decrease of 27.88% compared to the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 609,024,715.43, with no applicable percentage change due to previous losses[24]. - Basic earnings per share were CNY 0.2831, representing a 27.93% increase year-on-year[24]. - Total assets amounted to CNY 67,178,265,707.31, reflecting a 6.65% increase from the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 16,334,392,763.16, showing a decrease of 8.60% compared to the previous year[24]. - The net cash flow from operating activities was CNY 4,984,594,810.14, an increase of 133.52% compared to the previous year[24]. - The total amount of cash and cash equivalents increased by ¥3,165,210,710.60 in 2019, compared to a decrease of ¥1,844,819,718.00 in 2018[61]. - The company achieved total operating revenue of 11.258 billion yuan and a net profit attributable to shareholders of 0.652 billion yuan in 2019[160]. Business Restructuring - The company completed a major asset restructuring at the beginning of 2019, changing its main business from steel to financial services[18]. - The company completed a major asset restructuring, acquiring quality financial assets and becoming a financial holding platform with a focus on agricultural finance[83]. - The restructuring process is aimed at optimizing the asset structure and improving overall efficiency[124]. - The company reported a significant transformation in its main business from industrial equipment and special steel production to financial services including trust, futures, insurance, and banking after the restructuring[128]. - The restructuring involved divesting original steel assets and injecting financial assets into the company[198]. Shareholder and Dividend Information - The profit distribution plan approved by the board of directors includes a cash dividend of ¥0.28 per 10 shares, based on a total of 2,304,105,575 shares[5]. - The company plans to distribute a cash dividend of RMB 0.28 per share, totaling RMB 64,514,956.10, which represents 9.89% of the net profit attributable to ordinary shareholders for 2019[100]. - The cash dividend amount is fully accounted for in the profit distribution total[105]. - The total distributable profit for the period is reported at 220,416,358.43 CNY[105]. - The company has not proposed any cash dividend distribution plans for the years 2017 and 2018, despite having positive distributable profits[104]. Risk Management and Compliance - The company has established a comprehensive risk management system focusing on compliance and risk control to enhance its ability to identify, assess, mitigate, and manage risks[91]. - The company is committed to improving liquidity management strategies to optimize its asset-liability structure and enhance its ability to manage liquidity risks[94]. - The company emphasizes the importance of adapting to regulatory changes to prevent adverse impacts on business development due to policy risks[92]. - The company has implemented a robust compliance management system to mitigate compliance risks associated with regulatory requirements[93]. - The company will continue to enhance its risk management capabilities through a comprehensive risk management framework and training programs[88]. Subsidiaries and Business Segments - The company reported a net profit of 81.38 million from its subsidiary, China Grain Capital Investment Co., which has a registered capital of 1.34 billion[80]. - The company’s subsidiary, China Grain Trust, reported a net profit of approximately 115.96 million, with total assets of 2.3 billion[80]. - The company’s subsidiary, Longjiang Bank, reported a net profit of approximately 1.08 billion, with total assets of 4.36 billion[80]. - The company reported significant growth in its insurance business, with key indicators such as original insurance premium income reaching new highs since inception[35]. - The trust business saw a notable increase in net profit compared to the previous year, with a focus on enhancing core competencies in industrial finance and wealth management[35]. Legal and Regulatory Matters - The company faced a lawsuit regarding equity transfer disputes, with the amount involved being RMB 205.59 million, but the first-instance judgment was in favor of the company, having no significant impact on profits[140]. - The company has not encountered any significant legal disputes that could affect the restructuring process[122]. - The company has not faced any administrative penalties or criminal investigations related to insider trading in the past three years[128]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[139]. - The company is currently in the execution phase for several court rulings, including a claim of 6,270.47 CNY, which was ruled in its favor[142]. Corporate Governance - The company’s actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council[18]. - The company has committed to maintaining independence from its controlling shareholder, ensuring no misuse of its position to harm the interests of the company and other shareholders[108]. - The controlling shareholder has promised not to engage in any business that competes directly or indirectly with the company's main operations[110]. - The company guarantees the authenticity, accuracy, and completeness of information provided during the restructuring process, with liability for any misleading information[116]. - The company has committed to strict compliance with regulations during its period as a controlling shareholder of COFCO Capital[114]. Social Responsibility and Community Engagement - In 2019, the company helped 3,255 registered impoverished individuals to escape poverty, with a total investment of CNY 400 million in poverty alleviation efforts[178]. - The company invested CNY 240 million in eight agricultural industry poverty alleviation projects[178]. - The company provided CNY 39 million in funding to support 75 impoverished students[178]. - The company donated CNY 4 million to support targeted assistance in Tibet's Lozha County[183]. - The company is committed to continuing its poverty alleviation efforts in 2020, focusing on industry, education, and healthcare[181].

Financial Performance - Net profit attributable to shareholders was ¥141.26 million, a decrease of 3.69% year-on-year[7]. - Operating revenue for the reporting period was ¥160.99 million, down 66.72% compared to the same period last year[7]. - Basic earnings per share were ¥0.0613, a decrease of 3.77% compared to the same period last year[7]. - The company's operating revenue decreased by 64.33% year-over-year to CNY 362,413,147.63, primarily due to significant asset restructuring[27]. - The company's total revenue from financial assets sold under repurchase agreements was CNY 1.81 billion, down from CNY 3.01 billion, a decrease of about 39.8%[43]. - Net profit for the current period was ¥279,959,411.89, compared to ¥271,712,679.21 in the previous period, indicating a slight increase of 3.4%[52]. - The net profit attributable to the parent company was CNY 690,459,548.36, down from CNY 727,582,528.39, indicating a decrease of 5.1%[60]. - The company reported a significant increase in investment income, totaling CNY 1,284,597,910.86, compared to CNY 1,219,334,291.73 in the previous period[60]. Cash Flow - The net cash flow from operating activities increased by 208.12% to ¥4.39 billion year-to-date[7]. - The cash flow from operating activities for the current period is ¥4,393,334,102.29, a substantial increase from ¥1,425,841,590.82 in the previous period[70]. - The cash inflow from investment activities is ¥27,556,417,648.15, down from ¥51,169,288,398.68 in the previous period, reflecting a decrease of approximately 46.1%[70]. - The net cash flow from financing activities is ¥240,900,623.31, a decrease from ¥1,740,247,071.81 in the previous period[71]. - The net cash flow from operating activities was -104,315,200.41 yuan, a significant decline compared to -33,123,603.57 yuan in the previous period, indicating a worsening cash flow situation[74]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥68.50 billion, an increase of 8.73% compared to the previous year[7]. - The company's total assets decreased significantly, with fixed assets down by 95.75% to CNY 85,721,715.52 due to major asset restructuring[22]. - The total liabilities decreased from RMB 47.86 billion to RMB 36.21 billion, indicating a reduction of approximately 24.00%[42]. - The total liabilities increased to CNY 47.14 billion in Q3 2019, up from CNY 40.44 billion in the previous year, representing a growth of approximately 16.7%[43]. - Total current assets decreased to 15,131,856,086.87 yuan from 26,351,156,374.44 yuan, indicating a reduction of 42.5%[77]. Shareholder Information - The company had a total of 20,331 shareholders at the end of the reporting period[13]. - The largest shareholder, COFCO Group, held 62.78% of the shares, totaling 1,446,543,440 shares[13]. Government and Regulatory - The company reported a government subsidy of ¥962,768.23, contributing to its financial performance[10]. - The company has no overdue commitments from major shareholders or related parties during the reporting period[33]. - There were no violations regarding external guarantees during the reporting period[31]. Other Financial Metrics - The weighted average return on equity was 0.87%, an increase of 7.55% year-on-year[7]. - The company's other payables increased by 146.27% year-over-year to CNY 1,559,491,461.88, attributed to routine business operations[24]. - The company's long-term investments surged to CNY 15.75 billion, up from CNY 1.54 billion, reflecting a substantial increase of approximately 922.0%[48]. - The company’s research and development expenses were significantly reduced to ¥451,742.94 from ¥11,572,486.41, a decrease of approximately 96.1%[51].

Financial Performance - Operating revenue for the reporting period was CNY 201,420,647.84, a decrease of 62.16% compared to the previous year[24] - Net profit attributable to shareholders was CNY 549,202,487.45, representing a decrease of 5.46% year-on-year[24] - Basic earnings per share were CNY 0.2384, down 5.43% from the previous year[24] - Total assets at the end of the reporting period were CNY 62,792,059,304.34, a decrease of 0.32% from the end of the previous year[24] - Net assets attributable to shareholders decreased by 9.89% to CNY 16,103,040,100.13[24] - The company achieved total operating revenue of RMB 57.33 billion and a net profit attributable to shareholders of RMB 5.49 billion during the reporting period[44] - Operating revenue decreased by 62.16% to RMB 201.42 million compared to the same period last year, primarily due to significant asset restructuring[48] - Operating costs also fell by 70.63% to RMB 176.14 million, reflecting the impact of the major asset restructuring[48] - The company reported a significant decrease in revenue due to the disposal of original assets[52] Cash Flow and Investments - Net cash flow from operating activities increased by 48.40% to CNY 1,614,219,374.86[24] - Cash received from investment decreased by 52.92% to CNY 14,924,726,151.31 compared to CNY 31,702,220,559.00 in the previous year[52] - Cash paid for investments decreased by 52.62% to CNY 16,061,672,238.95 from CNY 33,901,243,307.45 in the same period last year[52] - Cash received from other financing activities increased by 392.02% to CNY 137,574,550,000.00 from CNY 27,961,327,000.00 in the previous year[52] - Cash paid for debt repayment decreased by 95.80% to CNY 48,964,055.55 from CNY 1,166,688,917.97 in the same period last year[52] - The total amount of financial assets at the end of the period was CNY 18,331,129,288.02, with a total fair value change gain of CNY 284,752,115.30[64] Business Operations and Strategy - The company achieved significant growth in operating income and net profit across its insurance, trust, futures, and banking businesses compared to the same period last year[34] - The insurance segment reported record levels of original insurance premium income and new single annual premium, indicating strong market performance[34] - The trust business made notable progress in agricultural and supply chain finance, with successful project implementations in Heilongjiang province[34] - The futures segment focused on enhancing risk management and expanding international business, resulting in substantial revenue growth[34] - The company emphasized the integration of financial services with agricultural resources to create a specialized financial service model[39] - The company is actively pursuing innovation in its core business areas, which has strengthened its competitive advantage[40] - The company aims to achieve sustainable development through differentiated financial services tailored to the agricultural sector[39] Risk Management - The company established a comprehensive risk management system led by the board of directors, enhancing its risk control capabilities[40] - The company faces various risks including market risk, credit risk, operational risk, and compliance risk, particularly in its trust, futures, and insurance businesses[91] - The company emphasizes a risk management mechanism based on "compliance first, risk control first, and steady development," continuously improving its risk control processes[88] - The company is committed to improving its risk management system, emphasizing compliance and risk control to prevent major financial risks[44] Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[7] - The basic earnings per share decreased from 1.0919 to 0.2384 after the share issuance, indicating a significant impact on financial performance[164] - The diluted earnings per share also fell from 1.0919 to 0.2384, reflecting the same trend as basic earnings[164] - The net asset value per share attributable to ordinary shareholders dropped from 32.0149 to 6.9888 following the share issuance[164] - COFCO Group holds 62.78% of the shares, making it the largest shareholder, with 1,446,543,440 shares[170] - The company has a total of 20,930 ordinary shareholders at the end of the reporting period[170] Legal and Compliance Matters - There are ongoing litigation matters, including a lawsuit related to equity transfer disputes with a claim amount of 205.59 million yuan, which has been ruled in favor of the company[105] - Another lawsuit concerning debt transfer contracts has a claim amount of 62.70 million yuan, with the first instance ruling in favor of the company, but the opposing party has appealed[105] - The company has made commitments regarding major asset restructuring, ensuring compliance with relevant regulations[98] - The semi-annual financial report has not been audited[101] - The semi-annual report does not contain any non-standard audit opinions[102] Social Responsibility and Community Engagement - The company invested a total of 1.45 million RMB in poverty alleviation efforts during the reporting period, focusing on various counties[145] - The company helped 3,225 registered impoverished individuals to escape poverty through its initiatives[148] - The company allocated 240,000 RMB specifically for agricultural development poverty alleviation projects, with 8 projects initiated[148] - The company plans to continue its poverty alleviation efforts by focusing on deep poverty-stricken areas and enhancing financial literacy among farmers[150] - The company will increase its funding for poverty alleviation, targeting industries, education, and healthcare[150] - The company’s "Star Lighting" program aims to provide support to left-behind children, with an increased focus on material aid and mental health[150] Related Party Transactions - The company engaged in related party transactions, with a total of 502.45 million yuan in service fees, which accounted for 25.12% of the approved transaction amount of 2,000 million yuan[126] - The company recorded 4,154.87 million yuan in insurance revenue from related party transactions, with an approved transaction amount of 6,000 million yuan[126] - The company conducted related party procurement transactions amounting to 12,510.5 million yuan, which is within the approved limit of 15,000 million yuan[126] - The company’s related party transactions were conducted at market prices, ensuring compliance with pricing principles[126]

Financial Performance - The company's operating revenue for 2018 was ¥1,025,559,069.87, an increase of 5.41% compared to ¥972,925,944.74 in 2017[20] - The net profit attributable to shareholders of the listed company was -¥112,704,830.74, a 56.30% improvement from -¥257,920,448.72 in the previous year[20] - The net cash flow from operating activities was ¥8,206,937.00, representing a significant increase of 409.41% compared to ¥1,611,070.16 in 2017[20] - The total operating cost for 2018 was ¥1,217,291,952.33, a decrease of 2.12% compared to the previous year[41] - The gross profit margin for the main business was 8.76%, reflecting a year-on-year increase of 4.04%[41] - The company reported a total investment of ¥39,882,584.94 in 2018, a 3.14% increase compared to ¥38,669,745.48 in the previous year[69] - The company reported a total share capital of 502,986 shares, with 100% being unrestricted shares[190] Assets and Liabilities - The total assets at the end of 2018 were ¥3,234,273,101.31, a decrease of 5.59% from ¥3,425,868,807.18 at the end of 2017[22] - The net assets attributable to shareholders of the listed company decreased by 7.45% to ¥1,454,921,124.86 from ¥1,572,113,844.99 in 2017[22] - Cash and cash equivalents decreased from ¥295,531,391.06 in 2017 to ¥189,052,171.09 in 2018, representing a decline of 2.78% of total assets[65] - Short-term borrowings rose significantly from ¥483,000,000.00 in 2017 to ¥1,066,100,000.00 in 2018, representing an increase of 18.86% of total liabilities[67] Revenue Breakdown - Total revenue for the year was 1,025,548,070.07 CNY, with quarterly revenues of 180,392,683.52 CNY in Q1, 292,387,411.71 CNY in Q2, 309,022,316.10 CNY in Q3, and 243,756,658.54 CNY in Q4[25] - The revenue from the specialized equipment manufacturing sector was ¥1,000,607,420.62, accounting for 97.57% of total revenue, with a year-on-year growth of 5.15%[44] - Revenue from overseas markets was ¥204,528,116.69, representing 19.94% of total revenue, with a year-on-year increase of 42.44%[46] - The company sold 101,034.05 tons of specialized equipment in 2018, a 10.28% increase from 2017[47] Research and Development - Research and development expenses for 2018 were ¥37,497,975.90, a decrease of 22.59% compared to ¥48,441,734.94 in 2017[56] - The number of R&D personnel decreased by 17.15% from 309 in 2017 to 256 in 2018[56] - The company implemented 39 new product development and technology improvement projects during the reporting period[55] - The company's R&D investment accounted for 3.66% of operating revenue in 2018, down from 4.98% in 2017[56] Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6] - The company is focusing on high-quality special steel materials, with products widely used in critical industries such as military, oil, and energy[33] - The company is committed to a five-year development plan aimed at high-quality growth and strategic resource integration[36] - The company plans to expand its business scope to include trust, futures, insurance, and banking services following the acquisition of 100% equity in COFCO Capital[76] Shareholder Relations - The company has committed to maintaining independence from its controlling shareholder, COFCO Group, ensuring no interference in operational decisions[97] - COFCO Group has promised to avoid any business activities that may compete directly or indirectly with the main business of Zhongyuan Special Steel[97] - The company has not proposed any plans for capital reserve conversion or cash dividend distribution for the current fiscal year[95] - The company has maintained a consistent policy of not distributing cash dividends over the past three years[95] Compliance and Governance - The company has confirmed that it will continue to comply with regulatory requirements and maintain transparency in its operations[99] - 中粮集团承诺在重组完成后12个月内不转让其持有的中原特钢股份[103] - 中原特钢在报告中提到，若中粮集团未履行承诺导致损失，将承担相应的赔偿责任[101] - 中原特钢的控股股东承诺保持公司的独立性，确保在资产、人员、财务、业务和机构等方面的独立性[111] Market Performance - The company achieved a 30.7% year-on-year increase in foreign trade revenue, indicating strong international market performance[36] - The company has established strategic partnerships with numerous well-known enterprises, enhancing its market position and brand recognition[33] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[116] Risks and Challenges - The company recognizes potential risks including market, policy, liquidity, and compliance risks that could impact its operations and financial performance[86] - The company has not reported any significant market expansion or acquisition activities during the reporting period[93] - The company has not disclosed any strategies related to market expansion or mergers and acquisitions in the available content[200]

Financial Performance - The company's operating revenue for Q1 2019 was ¥111,644,159.10, a decrease of 44.72% compared to the previous year[10]. - The net profit attributable to shareholders was ¥316,516,907.46, representing a decrease of 5.90% year-over-year[10]. - Basic earnings per share were ¥0.1374, down 5.89% from ¥0.1460 in the previous year[10]. - The company's total revenue for the reporting period was 111,644,159.10, a decrease of 44.72% compared to the previous period's 201,946,083.02 due to significant asset restructuring[24]. - The company reported a net profit from investment income of 59,878,975.41, a decrease of 41.64% compared to the previous period's 102,594,584.77, due to reduced investment returns from associates[24]. - The company reported a net profit for Q1 2019 of CNY 489,728,906.21, compared to CNY 448,106,908.34 in Q1 2018, indicating an increase of about 9.3%[55]. - The company achieved a profit before tax of CNY 641,771,840.23 in Q1 2019, compared to CNY 624,134,368.49 in Q1 2018, reflecting a growth of about 2.4%[55]. - The company reported a significant decrease in cash received from sales, totaling ¥69,671,665.46 compared to ¥264,817,486.41 in the previous period, indicating a decline of approximately 73.7%[68]. Cash Flow - The net cash flow from operating activities surged to ¥1,943,140,234.35, an increase of 7,181.10% compared to the same period last year[10]. - The cash received from sales of goods and services was CNY 71,060,305.46, a decrease of 75.32% compared to CNY 287,984,228.49 in the previous period, primarily due to significant asset restructuring[26]. - The cash flow from operating activities was significantly impacted by increased payments to employees, totaling ¥31,481,920.89 compared to ¥51,490,107.70 previously[68]. - Cash inflow from operating activities totaled 5,730,774,808.95, compared to 2,885,275,263.54 in the prior year, indicating a substantial increase[65]. - The cash flow from the disposal of fixed assets increased by 530.11% to CNY 1,822,086.17 from CNY 289,168.00, indicating a rise in asset disposals during the reporting period[26]. - The total cash flow from financing activities increased by 811.18% to CNY 68,539,350,000.00 from CNY 7,522,063,299.00, due to an increase in repurchase business[26]. - The net cash flow from investing activities was -621,101,760.44, an improvement from -1,026,841,117.87 in the previous year[66]. - The net cash flow from financing activities was -558,522,285.96, contrasting with a positive flow of 73,613,584.49 in the same period last year[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥63,375,232,013.66, reflecting a slight increase of 0.60% from the previous year[10]. - The net assets attributable to shareholders decreased by 10.99% to ¥15,907,265,082.70[10]. - The company's total assets decreased significantly, with fixed assets dropping by 95.71% to 86,449,008.34 from 2,015,678,732.68, primarily due to significant asset restructuring[21]. - The total liabilities as of Q1 2019 amounted to CNY 207,159,484.89, up from CNY 130,761,852.99 in the previous year, reflecting a growth of approximately 58.3%[52]. - Current liabilities rose to CNY 18.83 billion, compared to CNY 17.71 billion in the previous year[43]. - Total liabilities increased to CNY 42.62 billion, up from CNY 40.44 billion year-over-year[43]. - Owner's equity decreased to CNY 20.76 billion from CNY 22.56 billion year-over-year[45]. - The company reported a significant drop in capital reserves, decreasing by CNY 1.64 billion to CNY 13.15 billion[75]. Investments and Financial Instruments - The company reported a financial instrument investment income of ¥436,006,486.75, indicating normal business operations[12]. - The company's financial assets measured at fair value and recognized in profit or loss decreased by 100% to zero, reflecting the implementation of new financial instrument accounting standards[21]. - The company's interest income increased by 65.97% to 202,352,286.07 from 121,919,690.46, due to the implementation of new financial instrument accounting standards[24]. - The company experienced a 503.21% increase in fair value changes recognized in profit or loss, amounting to 494,246,450.04 compared to 81,936,367.24 in the previous period, due to the impact of new financial instrument accounting standards[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,123[13]. - The company reported no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[33][34].

1 中原特钢股份有限公司 2018 年第三季度报告正文 证券代码：002423 证券简称：中原特钢 公告编号：2018-075 中原特钢股份有限公司 2018 年第三季度报告正文 2018 年 10 月 公司负责人鹿盟、主管会计工作负责人罗志平及会计机构负责人(会计主管 人员)刘智杰声明：保证季度报告中财务报表的真实、准确、完整。 2 中原特钢股份有限公司 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 中原特钢股份有限公司 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。 | | 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） | 3,381,270,220.67 | 3,425,868,807.18 | | -1.30% | ...

中原特钢股份有限公司 2018 年第三季度报告正文 证券代码：002423 证券简称：中原特钢 公告编号：2018-075 中原特钢股份有限公司 2018 年第三季度报告正文 2018 年 10 月 1 中原特钢股份有限公司 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。 公司负责人鹿盟、主管会计工作负责人罗志平及会计机构负责人(会计主管 人员)刘智杰声明：保证季度报告中财务报表的真实、准确、完整。 2 中原特钢股份有限公司 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） | 3,381,270,220.67 | 3,425,868,807.18 | | -1.30% | ...