Financial Performance - Operating revenue for the period was CNY 437,767,164.99, a decrease of 34.92% year-on-year, with a cumulative revenue of CNY 1,338,107,890.07, down 31.41%[10] - Net profit attributable to shareholders was a loss of CNY 13,276,174.41, a decline of 328.74% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 15,091,567.31, a decrease of 1,347.45% year-on-year[10] - The company expects a net loss for the year 2015, estimating a loss between 50 million CNY to 65 million CNY, compared to a net profit of 15.00 million CNY in 2014[21] Asset and Liability Changes - Total assets decreased by 6.95% to CNY 2,941,308,931.67 compared to the end of the previous year[10] - Long-term borrowings decreased by CNY 95,250,000, a decrease of 88.40%, due to repayment of long-term loans[15] - Accounts receivable increased by CNY 55,052,600, an increase of 11.65%, due to increased payment terms requested by major customers[14] - Inventory decreased by CNY 150,577,400, a decrease of 32.85%, mainly due to reduced quantities and prices of finished goods and raw materials[14] Cash Flow Analysis - Cash flow from operating activities for the year-to-date was CNY 144,301,092.64, an increase of 80.01%[10] - The company's net cash flow from operating activities increased by 58.39 million CNY, a growth rate of 72.84% compared to the same period last year, primarily due to a reduction in inventory balance[16] - The cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 95.06 million CNY, a reduction rate of 51.23%, attributed to significant investment in a new carbon black production line in the previous period[16] - The net cash flow from investing activities decreased by 110.93 million CNY, a decline of 55.10%, mainly due to the same reasons as above[16] - The net cash flow from financing activities decreased by 270.03 million CNY, a decrease rate of 109.99%, primarily due to the repayment of maturing bank loans in the previous year[16] Industry and Market Conditions - The ongoing downturn in the carbon black industry has led to a continuous decline in gross margins, impacting sales volume and pricing strategies[21] - Sales revenue decreased by CNY 61,277,250, a decrease of 31.41%, attributed to a 9.60% decrease in sales volume and a 23.15% decrease in selling price[15] Corporate Governance and Compliance - The company has committed to not planning any major asset restructuring for at least six months following the termination of a previous restructuring plan[19] - The company has received feedback from the China Securities Regulatory Commission regarding its non-public issuance of A-shares, which is currently under review[18] - The company has no securities investments or holdings in other listed companies during the reporting period[22][23] - There are no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[24][25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,408[11]

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 900.34 million, a decrease of 29.57% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 18.37 million, which is a 576.95% increase in loss compared to the previous year[22]. - The company sold 204,200 tons of carbon black, a decrease of 8.47% year-on-year, resulting in a revenue drop of 29.57%[28]. - Total operating revenue decreased by 29.57% to 900,340,725.08 CNY compared to the previous year, primarily due to declining sales volume and prices[32]. - The company's operating profit was a loss of CNY 25,847,630.85, compared to a loss of CNY 8,163,988.66 in the previous year, showing a worsening performance[115]. - The total comprehensive income for the period was -CNY 18,395,384.21, compared to -CNY 2,713,339.33 in the previous year, indicating a worsening financial position[112]. Revenue and Sales - The sales revenue from white carbon black reached CNY 29.22 million, an increase of 52.45% year-on-year[29]. - The sales revenue from industrial naphthalene was CNY 10.61 million, a decrease of 79.06% compared to the previous year due to low prices[29]. - The company's main business remains stable, with carbon black accounting for approximately 90% of total revenue, and a sales rate of 111.28% for carbon black[30]. - Sales revenue from the white carbon black project reached 29,223,381.04 CNY, a year-on-year increase of 52.45%[30]. Costs and Expenses - Operating costs also fell by 30.88% to 779,696,795.28 CNY, reflecting the same reasons as revenue[32]. - The total operating costs amounted to CNY 926,188,355.93, down from CNY 1,286,429,520.92, indicating a reduction of 28%[115]. - The company incurred sales expenses of CNY 51,945,843.34, a decrease from CNY 58,421,486.79, reflecting cost-cutting measures[115]. Cash Flow - The company reported a net cash flow from operating activities of CNY 92.67 million, an increase of 95.03% year-on-year[22]. - Cash inflows from operating activities totaled CNY 935,230,288.54, down from CNY 1,359,938,607.39, a decrease of 31.1%[117]. - The net cash flow from financing activities was -¥16,839,712.18, an improvement from -¥137,590,730.22 in the previous year, showing a significant reduction in cash outflow[120]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2.91 billion, a decrease of 7.99% from the end of the previous year[22]. - Current liabilities decreased from CNY 1,879,570,304.91 to CNY 1,660,462,781.56, a reduction of about 11.7%[103]. - Total liabilities decreased from CNY 2,023,541,975.06 to CNY 1,789,814,751.73, a decrease of about 11.6%[103]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,773[89]. - The largest shareholder, Liu Jiangshan, holds 48.34% of the shares, totaling 232,054,287 shares, with 58,013,572 shares frozen[89]. - The company has no plans to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the reporting period[55][56]. Research and Development - Research and development investment increased by 17.30% to 33,625,296.17 CNY, indicating a commitment to product development[32]. - The company is actively expanding into the white carbon black and fluorochemical markets while enhancing cost control to improve profitability[33]. Environmental and Technological Focus - The company maintains a strong focus on environmental protection and energy conservation, implementing advanced technologies for resource recycling[38]. - The company has established a competitive edge through its proprietary technologies and a strong brand presence in the carbon black industry[39]. Financial Management and Governance - The company reported no entrusted financial management, derivative investments, or entrusted loans during the reporting period[45][46][47]. - The company has not engaged in any asset acquisitions, sales, or mergers during the reporting period[63][64][65]. - The financial report was approved by the board on August 4, 2015, and reflects the company's financial status and operating results accurately[137]. Accounting Policies - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[140]. - The financial statements are prepared based on the assumption of the company's ongoing operations, with no significant doubts about its ability to continue[139].

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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 田世忠 | 独立董事 | 通讯方式参加会议 | | 公司负责人刘江山、主管会计工作负责人魏亮及会计机构负责人(会计主管人员)李英声 明：保证季度报告中财务报表的真实、准确、完整。 龙星化工股份有限公司 2015 年第一季度报告正文 证券代码：002442 证券简称：龙星化工 公告编号：2015-029 2015 年第一季度报告正文 （2015 年 4 月） 1 龙星化工股份有限公司 2015 年第一季度报告正文 2 龙星化工股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司没有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 | 上年同期 | 本报告期 ...

Financial Performance - The company's operating revenue for 2014 was CNY 2,438,321,866.04, representing a 4.01% increase compared to CNY 2,344,427,035.79 in 2013[24]. - The net profit attributable to shareholders decreased by 23.10% to CNY 15,002,939.44 from CNY 19,510,469.53 in the previous year[24]. - The comprehensive gross profit margin for the main business was 13%, down by 1.57 percentage points from the previous year, primarily due to a larger decline in product prices compared to manufacturing costs[32]. - The company's cash and cash equivalents decreased by 216.31%, primarily due to increased net cash outflow from financing activities[57]. - The net cash flow from operating activities decreased by 17.92% to CNY 291,120,874.63 from CNY 354,669,542.10 in 2013[24]. - The company's weighted average return on equity was 1.32%, down from 1.73% in the previous year[24]. - The total cost of raw materials and fuels in the chemical industry was 1,970,291,495.85 yuan, representing 93.12% of the total operating costs[45]. - The revenue from carbon black reached 2.173 billion yuan, reflecting a year-on-year increase of 3.09%, with a gross margin of 11.15%[60]. - The company reported a net profit of 15.0029 million yuan for the reporting period, with a retained earnings balance of 208.2407 million yuan[96]. Market and Industry Conditions - The carbon black industry is expected to maintain a low gross margin due to overcapacity and intensified competition, leading to uncertainty in the company's main business profitability for 2015[4]. - The company is facing risks from the dependence on the tire industry, as the slowdown in China's economy has negatively impacted this sector[13]. - The company faces intensified competition in the carbon black market due to severe overcapacity, which poses challenges for achieving business goals in 2015[79]. - The company has a high customer concentration, with the top five customers accounting for about 30% of total sales, which may pose risks if their financial conditions change[14]. Production and Sales - The company produced 44,430 tons of carbon black and sold 43,320 tons, achieving a sales rate of 99.75%[31]. - Sales volume of carbon black increased by 3.77% to 448,863.5 tons in 2014 compared to 432,540.37 tons in 2013[37]. - Production volume of carbon black rose by 6.28% to 461,996.31 tons in 2014 from 434,690.31 tons in 2013[37]. - The inventory of carbon black increased by 43.93% to 41,703.35 tons in 2014, attributed to a significant drop in raw oil prices leading to reduced orders[41]. Investments and Projects - The company has invested in projects such as white carbon black and fluorochemical, but these investments carry uncertain future returns due to lengthy customer approval processes and market competition[14]. - The fluorochemical project is currently in the commissioning phase, with a delay of approximately six months compared to initial expectations, which may impact future revenue[14]. - The company plans to establish a wholly-owned distribution company in Europe to better serve the German Continental Tire and fulfill market development functions[35]. - The company plans to achieve a carbon black production target of 460,000 tons in 2015, aiming for a balance between production and sales[79]. Research and Development - Research and development expenditure decreased by 21.65% to 6,465.63 thousand yuan in 2014, representing 2.65% of total revenue[53]. - The company plans to increase R&D investment in the fluorochemical project, which is currently in the debugging phase[67]. - The company plans to invest 50 million RMB in research and development for innovative technologies in the next fiscal year[160]. Corporate Governance and Compliance - The company’s financial report has been confirmed as true, accurate, and complete by its management team, ensuring accountability for the information presented[4]. - The company maintained a modern corporate governance structure, ensuring effective checks and balances among the shareholders' meeting, board of directors, supervisory board, and management[97]. - The company has established a comprehensive insider information management system, ensuring compliance with confidentiality regulations[116]. - The audit committee held four meetings during the reporting period, reviewing internal audit reports and ensuring compliance with financial regulations[197]. Social Responsibility and Environmental Initiatives - The company emphasized its commitment to social responsibility, focusing on creating value for shareholders, employees, customers, and society while adhering to ethical business practices[97]. - The company has implemented various environmental protection measures, including a wastewater treatment facility with a capacity of 1500 m³/d and a flue gas desulfurization system[68]. - The company invested nearly 40 million yuan in desulfurization and denitrification projects, which passed environmental department inspections[103]. - The company has a strict environmental protection management system and conducts emergency drills to minimize environmental impact[103]. Shareholder Information - The company reported a total share capital of 480,000,000 shares as of December 31, 2014, with a proposed cash dividend of 0.00 CNY per 10 shares[4]. - The company did not propose any cash dividend distribution for the 2014 fiscal year despite a positive net profit of 15.0029 million yuan and undistributed profits of 208.2407 million yuan, citing the need for funds to support business expansion[96]. - The largest shareholder, Liu Jiangshan, holds 48.34% of the company's shares, amounting to 232,054,287 shares[145]. - The total number of shares held by the top 10 shareholders is 316,955,887 shares, with a decrease of 12,197,800 shares during the reporting period[154].

龙星化工股份有限公司 2014 年第三季度报告正文 证券代码：002442 证券简称：龙星化工 公告编号：2014-035 龙星化工股份有限公司 2014 年第三季度报告正文 1 龙星化工股份有限公司 2014 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 俞菊美 | 董事 | 异地会议 | 通讯表决 | | 蒋殿春 | 独立董事 | 异地会议 | 通讯表决 | 公司负责人刘江山、主管会计工作负责人魏亮及会计机构负责人(会计主管人员)李英声明：保证季度 报告中财务报表的真实、准确、完整。 2 龙星化工股份有限公司 2014 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末 ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 1,278,265,532.26, representing a 14.49% increase compared to CNY 1,116,445,144.47 in the same period last year[19]. - The net profit attributable to shareholders was CNY -2,713,339.33, a decrease of 130.88% from CNY 8,785,798.62 in the previous year[19]. - The gross profit margin for the main business products decreased by 3.17 percentage points to 11.75%, primarily due to a decline in product prices[24]. - The company's operating revenue for the reporting period was ¥1,278,265,532.26, representing a year-on-year increase of 14.49%, primarily due to a production increase of 13.54% in carbon black[28]. - Operating costs rose to ¥1,128,080,484.99, an 18.76% increase, outpacing revenue growth due to severe oversupply in the carbon black market leading to lower prices[28]. - The company reported a net profit of CNY 12,205,054.46 for the current period, reflecting a decrease of CNY 19,200,000.00 in profit distribution to shareholders[128]. Production and Sales - The company sold 223,100 tons of carbon black, an increase of 15.78% compared to the previous year[24]. - The company plans to complete the production of 450,000 tons of carbon black in 2014, having sold 223,100 tons in the first half, achieving 49.58% of its annual target[30]. - The company’s white carbon black sales reached CNY 19,169,500, contributing to the overall revenue[24]. - The white carbon black project is currently in trial production, generating sales revenue of ¥19,169,509.37 during the reporting period[33]. Cash Flow and Assets - The company’s cash flow from operating activities was CNY 47,515,482.63, a significant improvement from CNY -66,029,882.98 in the previous year[19]. - The total assets at the end of the reporting period were CNY 3,061,436,438.70, a decrease of 2.20% from the previous year[19]. - Current assets decreased to RMB 1,472,097,719.12 from RMB 1,678,442,819.62, reflecting a decline of approximately 12.3%[101]. - Cash and cash equivalents decreased significantly from RMB 507,359,559.82 to RMB 274,295,594.62, a drop of about 46%[101]. - The total amount of guarantees approved for subsidiaries during the reporting period was CNY 10,000,000, with actual guarantees amounting to CNY 13,750,000, representing 12.29% of the company's net assets[80]. Investments and Projects - The company plans to officially launch its 2,000-ton fluorochemical project in the second half of 2014[24]. - The newly constructed carbon black production line with an annual capacity of 35,000 tons began trial production in June 2014, expected to enhance product structure and steam supply[24]. - The company completed the acquisition of 100% equity in Changshan Iron Mine Co., Ltd. on January 13, 2014[30]. - The company has established a wholly-owned subsidiary in the EU with a registered capital of up to €100,000, expected to be completed by August[30]. Subsidiaries and Operations - The main subsidiary, Jiaozuo Longxing Chemical Co., Ltd., reported total assets of ¥646,554,443.41 and a net profit of ¥2,123,558.75[46]. - The subsidiary Shahe Longxing Auxiliary Industry Co., Ltd. generated operating income of ¥18,862,389.09 with a net profit of ¥492,367.53[46]. - The subsidiary Shahe Longxing Fine Chemical Co., Ltd. reported operating income of ¥244,246,738.06 and a net profit of ¥783,668.20[46]. Corporate Governance and Compliance - The company emphasizes social responsibility, focusing on welfare and environmental protection, while maintaining communication with stakeholders to balance interests[56]. - All directors have adhered to legal regulations and company bylaws, fulfilling their duties diligently and participating in training to enhance their capabilities[57]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring complete operational autonomy[58]. - The company has established an independent financial department with a standardized accounting system, allowing for independent financial decision-making[59]. Legal and Regulatory Matters - There is an ongoing litigation involving a claim of approximately 4021.4 million yuan, with the company assessing potential impacts on its financials[61]. - The company has not faced any media scrutiny during the reporting period, indicating a stable public perception[63]. - No bankruptcy restructuring matters have occurred during the reporting period, reflecting the company's financial stability[64]. Financial Reporting and Accounting Policies - The financial report for the half-year period was unaudited[99]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[132]. - The company includes all subsidiaries in the consolidated financial statements based on control, ensuring consistency in accounting policies and periods[139].

龙星化工股份有限公司 2014 年第一季度报告正文 证券代码：002442 证券简称：龙星化工 公告编号：2014-029 龙星化工股份有限公司 2014 年第一季度报告正文 2014 年 04 月 1 龙星化工股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 601,520,960.41 | 516,554,761.92 | 16.45% | | 归属于上市公司股东的净利润（元） | -17,432,432.92 | 5,167,256.98 | -437.36% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -18,222,436.84 | 3,186,009.48 | -671.95% | | 经营活动产生的现金流量净额（元） | 113,392,252.35 | -118,780 ...

Financial Performance - In 2013, the company's operating revenue was CNY 2,344,427,035.79, representing a 20.82% increase compared to CNY 1,940,447,166.33 in 2012[24]. - The net profit attributable to shareholders decreased by 55.71% to CNY 19,510,469.53 from CNY 44,047,283.01 in the previous year[24]. - The net cash flow from operating activities surged by 3,267.13% to CNY 354,669,542.10, compared to CNY 10,533,304.88 in 2012[24]. - The basic earnings per share fell by 55.56% to CNY 0.04 from CNY 0.09 in 2012[24]. - Total assets increased by 19.12% to CNY 3,130,442,596.19 at the end of 2013, up from CNY 2,627,931,409.41 at the end of 2012[24]. - The net assets attributable to shareholders rose by 1.55% to CNY 1,139,848,041.98 compared to CNY 1,122,465,290.75 in 2012[24]. - The weighted average return on equity decreased to 1.73% from 3.95% in the previous year[24]. - The overall profit of the carbon black industry in 2013 decreased by 90.99% compared to 2012, with nearly 40% of carbon black companies operating at a loss[35]. - The company's gross profit margin for main products was 14.57%, down 1.68 percentage points year-on-year, primarily due to high raw material oil prices and insufficient upstream industry operating rates[36]. Sales and Production - In 2013, the company sold 403,900 tons of carbon black, a year-on-year increase of 22.39%, achieving operating revenue of 2,344.427 million yuan, up 20.82% from the previous year[35]. - The company's carbon black production capacity is expected to reach 650,000 tons in 2014, with an additional capacity of 280,000 tons being added[35]. - The company's subsidiary, Jiaozuo Longxing, saw a revenue increase of 169.75% due to significant capacity expansion[36]. - The company's main business revenue structure remained stable, with domestic sales accounting for 79.28% and international sales 20.72%[40]. - The company's carbon black product line achieved revenue of 2,111,905,539.09 yuan, reflecting a year-on-year increase of 19.72% and a gross margin of 12.27%[56]. - Domestic revenue reached 1,857,555,130.62 yuan, up 23.17% year-on-year, while international revenue was 485,395,181.72 yuan, an increase of 12.56%[56]. Research and Development - Research and development investment increased by 27.25% to 82.5262 million yuan in 2013, focusing on new product development and production technology improvements[39]. - Research and development expenditures in 2013 totaled CNY 82,526,222.50, representing 7.24% of the company's net assets and 3.52% of operating income, compared to CNY 64,851,957.74 in 2012[51][52]. - The company is focused on developing new products and improving existing ones, with ongoing projects aimed at enhancing product quality and reducing costs[51][52]. Cash Flow and Investments - The cash and cash equivalents net increase was CNY 233,998,845.60 in 2013, a significant improvement from a decrease of CNY 141,696,128.59 in 2012, reflecting better cash management[55]. - The company's investment activities generated a net cash flow of -CNY 294,971,269.35 in 2013, a decrease from -CNY 441,265,745.87 in 2012[55]. - The net cash flow from investment activities decreased by 33.15% year-on-year, primarily due to reduced expenditures related to the major engineering project of white carbon black trial production[56]. - The company invested 80,000,000 yuan in external equity investments during the reporting period, a 100% increase compared to the previous year[68]. Corporate Governance and Compliance - The company has established a modern corporate governance structure, ensuring effective checks and balances among the shareholders, board of directors, supervisory board, and management team[99]. - The company has implemented a robust internal control system, enhancing its risk prevention and control capabilities, with an effective internal control audit report issued by Tianzhi International Accounting Firm in 2013[102]. - The supervisory board confirmed that the company operated in compliance with laws and regulations, with no violations reported during the year[129]. - The company has maintained independence in personnel, assets, finance, organization, and business from the controlling shareholder[200]. Environmental and Social Responsibility - The company has established a comprehensive environmental protection strategy, including projects for wastewater treatment and flue gas desulfurization, contributing to sustainable development[65]. - The company has achieved a 100% safe disposal rate for industrial solid waste and hazardous waste, complying with pollution discharge requirements[109]. - In 2013, the company actively engaged in various public welfare and charity initiatives despite a continuous downturn in the carbon black market, demonstrating a commitment to social responsibility[119]. Employee Welfare and Management - The company conducts annual health checks for employees and provides vocational training to promote comprehensive development[115][116]. - The company provided free accommodation for out-of-town employees, ensuring a comfortable living environment with amenities such as air conditioning, television, and 24-hour hot water supply[118]. - The company organized diverse sports activities, including tug-of-war and basketball games, to enhance employee morale and teamwork[117]. - The company has established a quality management system to continuously improve product quality and customer satisfaction[106]. Future Outlook and Strategy - The company anticipates continued low gross margins in the carbon black industry due to overcapacity and intensified competition in 2014[13]. - The company plans to maintain existing production capacity and focus on the profitability of its white carbon black, fluorochemical projects, and the Huadian iron mine[85]. - The company intends to establish a wholly-owned distribution company in Europe to better serve its largest export customer, Continental Tire, and to explore potential clients in the European market[87].