宁夏青龙管业股份有限公司 2015 年第三季度报告正文 证券代码：002457 证券简称：青龙管业 公告编号：2015-071 宁夏青龙管业股份有限公司 2015 年第三季度报告正文 1 宁夏青龙管业股份有限公司 2015 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 2 宁夏青龙管业股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,302,653,027.25 | 2,245,710,398.53 | | 2.54% | | 归属于上市公司股东的净资产（元） | 1,752,756,953.85 | 1,735,443,96 ...

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 314,402,940.35, a decrease of 13.63% compared to CNY 363,998,825.87 in the same period last year[20]. - The net profit attributable to shareholders was CNY 16,177,578.75, down 57.83% from CNY 38,361,111.15 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 14,161,944.09, a decline of 62.35% compared to CNY 37,618,053.43 in the previous year[20]. - Basic earnings per share decreased to CNY 0.050, down 58.33% from CNY 0.120 in the previous year[20]. - The company's total revenue for the period was 314.4 million CNY, representing a year-on-year decline of 13.63%, while the net profit attributable to shareholders was 16.18 million CNY, down 57.83% compared to the previous year[29][41]. - The decline in revenue was primarily due to a decrease in sales orders and lower-than-expected revenue recognition, while profit decline was attributed to reduced revenue, lower gross margins, and increased fixed costs[36][41]. - The company reported a net profit of -3.78 million for the first half of 2015, primarily due to a decrease in orders and increased depreciation and management expenses[60]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 94,242,378.03, compared to a negative cash flow of CNY -145,812,586.67 in the same period last year, marking a 164.63% increase[20]. - The net cash flow from operating activities increased by 164.63% compared to the previous year, primarily due to increased cash flow from sales activities[37]. - The total cash inflow from investment activities reached 433,113,552.67 RMB, compared to 92,803,070.38 RMB in the previous period, indicating a strong recovery in investment returns[157]. - The net cash flow from investment activities was 78,873,371.92 RMB, a notable recovery from the previous period's negative cash flow of -225,272,326.39 RMB[157]. - The company received 4,930,000.00 RMB from minority shareholders as part of capital contributions during the financing activities[157]. - The cash inflow from financing activities was 112,930,000.00 RMB, an increase from 59,000,000.00 RMB in the previous period[157]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,332,414,576.09, an increase of 3.86% from CNY 2,245,710,398.53 at the end of the previous year[20]. - The total liabilities increased to CNY 578,495,906.12 from CNY 499,201,082.43, marking an increase of approximately 15.9%[141]. - The company's equity attributable to shareholders reached CNY 1,744,921,698.88, slightly up from CNY 1,735,443,960.13, indicating a growth of about 0.5%[142]. - The total amount of raised funds is CNY 875 million, with CNY 96.34 million invested during the reporting period[58]. - The total liabilities amount to CNY 515,644,633.75, compared to CNY 637,182,194.93 in the previous period, indicating a reduction in financial leverage[149]. Research and Development - Research and development expenses amounted to 9.5 million CNY, a decrease of 6.79% year-on-year, mainly due to some R&D projects not being implemented[37]. - The company has established a strong R&D advantage through partnerships with local universities, focusing on efficient water resource utilization[45]. - The company holds 22 patents, including 3 invention patents and 19 utility model patents, with several more pending approval[46]. Market and Operational Strategy - The company aims to achieve a revenue target of 1 billion CNY for 2015, representing a year-on-year growth of 16.85%[41]. - The company plans to enhance its marketing model and diversify products and services to stabilize operational performance[34]. - The company is focusing on cost control and efficiency improvements to enhance profitability in the upcoming periods[149]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[173]. Governance and Compliance - The company has established a governance structure that complies with regulatory requirements, ensuring equal rights for all shareholders, especially minority shareholders[82]. - The company has three independent directors, constituting one-third of the board, in compliance with legal requirements[84]. - The supervisory board consists of three members, including two shareholder representatives and one employee representative, meeting legal standards[85]. - The company has established an audit department with two dedicated auditors to oversee financial operations and compliance[92]. - There were no significant litigation or arbitration matters during the reporting period[94]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,622[127]. - The largest shareholder, Ningxia Qinglong Investment Holding Co., Ltd., holds 20.33% of shares, totaling 68,106,454 shares[127]. - The second-largest shareholder, Chen Jiaxing, holds 10.08% of shares, totaling 33,774,705 shares[127]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[128]. - The total number of shares outstanding remained at 334,992,000, with no changes in the overall share structure[125]. Future Outlook - The company expects a net profit attributable to shareholders for the first three quarters of 2015 to decrease by 60.00% to 90.00%, with an estimated range of 626.19 thousand yuan to 2,504.74 thousand yuan, compared to 6,261.85 thousand yuan in the same period of 2014[71]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[173]. - The company aims to improve operational efficiency and reduce losses in the upcoming quarters[173].

Financial Performance - The company's operating revenue for Q1 2015 was ¥107,463,015.94, representing a 9.83% increase compared to ¥97,843,460.19 in the same period last year[7]. - The net profit attributable to shareholders decreased by 20.60% to ¥668,990.17 from ¥842,582.13 year-on-year[7]. - The net profit after deducting non-recurring gains and losses dropped significantly by 92.26% to ¥65,245.26 compared to ¥842,582.13 in the previous year[7]. - Basic and diluted earnings per share both decreased by 33.33% to ¥0.0020 from ¥0.0030 year-on-year[7]. - Total profit decreased by 36.37% year-on-year, mainly due to a decline in operating profit[15]. - The net profit attributable to shareholders for the first half of 2015 is expected to be between 15.34 million and 26.85 million CNY, compared to 38.36 million CNY in the same period of 2014, indicating a decrease due to delayed contract execution and order declines[23]. Cash Flow and Assets - The net cash flow from operating activities improved by 243.86%, reaching ¥52,776,917.39, compared to a negative cash flow of ¥36,685,956.54 in the same period last year[7]. - Operating cash flow increased by 243.86% year-on-year, as cash inflows exceeded outflows compared to the previous year[15]. - Cash and cash equivalents increased by 111.89% year-on-year, due to higher cash inflows from operating, investing, and financing activities[15]. - Total assets at the end of the reporting period were ¥2,253,249,425.60, a slight increase of 0.34% from ¥2,245,710,398.53 at the end of the previous year[7]. - The net assets attributable to shareholders increased marginally by 0.04% to ¥1,736,112,950.30 from ¥1,735,443,960.13 at the end of the previous year[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,919[11]. - The largest shareholder, Ningxia Qinglong Investment Holding Co., Ltd., held 20.33% of the shares, amounting to 68,106,454 shares, with 35,000,000 shares pledged[11]. Government Support and Other Income - The company received government subsidies amounting to ¥456,000 during the reporting period[8]. - Other income increased by 1536.64% year-on-year, primarily from government subsidies received during the reporting period[15]. Investment and Financial Activities - Trading financial assets increased by 19331.95% compared to the beginning of the year, mainly due to the purchase of wealth management products[15]. - Short-term borrowings increased by 62.08% compared to the beginning of the year, primarily due to temporary bank loans[15]. - Financial expenses increased by 46.05% year-on-year, mainly due to increased bank borrowings and interest expenses[15]. - Investment income increased by 10696120.42% year-on-year, attributed to earnings from held-to-maturity investments[15]. - The company reported a loss of 146,155.64 CNY from its investment in Huangshan Tourism, with a total investment of 534,555.64 CNY and a holding of 20,000 shares[24]. Compliance and Governance - The company has committed to avoiding any related party transactions that could harm the interests of other shareholders, ensuring compliance with relevant laws and regulations[21].

Financial Performance - The company's operating revenue for 2014 was ¥855,793,399.16, a decrease of 30.92% compared to ¥1,238,925,508.92 in 2013[19] - The net profit attributable to shareholders for 2014 was ¥57,715,971.53, down 49.12% from ¥113,442,251.69 in the previous year[19] - The net cash flow from operating activities decreased by 58.76% to ¥91,980,020.22, compared to ¥223,050,312.60 in 2013[19] - Basic earnings per share for 2014 were ¥0.17, a decline of 50.00% from ¥0.34 in 2013[19] - Total assets at the end of 2014 were ¥2,245,710,398.53, a decrease of 6.29% from ¥2,396,378,278.09 at the end of 2013[19] - The weighted average return on net assets for 2014 was 3.36%, down from 6.91% in 2013, reflecting a decrease of 3.55%[19] Dividend Distribution - The company plans to distribute a cash dividend of ¥0.20 per 10 shares to all shareholders based on the total share capital of 334,992,000 shares as of December 31, 2014[4] - For the year 2014, the company plans to distribute a cash dividend of CNY 0.20 per 10 shares, amounting to CNY 6,699,840, with remaining undistributed profits of CNY 525,260,730.53[113] - The company has maintained a cash dividend policy that complies with its articles of association, ensuring that cumulative cash distributions over any three consecutive years are not less than 30% of the average distributable profits[111] Operational Challenges - The company highlighted risks related to raw material supply and price fluctuations, new business development, and market competition[10] - The company faced challenges such as delayed contract execution and a decline in new orders, impacting overall performance[36] - The average cost of major raw materials, including steel, cement, and plastic resin, accounts for over 70% of the unit product cost, posing a risk to operational results due to price fluctuations[95] Research and Development - Research and development expenses decreased by 40.98% to RMB 21.39 million, primarily due to a reduction in new projects and slower progress on existing projects[29] - The company has developed a strong competitive advantage in production technology, with leading production processes and equipment in the industry[57] - The company has 13 patents, including 2 invention patents and 11 utility model patents, showcasing its strong R&D capabilities[58] Investment and Projects - The company signed new contracts worth RMB 905 million during the reporting period, with concrete pipes accounting for RMB 559 million and plastic pipes for RMB 346 million[27] - The total amount of raised funds is RMB 87,500 million[72] - The total amount of raised funds invested during the reporting period is RMB -671.8 million[72] - The company has not implemented the water-saving irrigation materials project, with a total investment of CNY 9,000 million remaining unused[76] Market Position and Strategy - The company aims to enhance its market position by expanding into new markets and developing new business lines while maintaining its core supply and drainage pipeline operations[91] - The company has established itself as one of the most competitive large enterprises in the domestic supply and drainage pipeline manufacturing industry[90] - The competitive landscape in the supply and drainage pipeline industry is intensifying, with major players enhancing their market positions and exploring new opportunities[90] Employee and Management - The company employed a total of 1,794 employees as of December 31, 2014, with 1,106 in production, 332 in technical roles, and 96 in sales[195] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 166.79 million[191] - The company has established a nine-tier job series for employee remuneration based on various factors including job complexity and responsibility[198] Compliance and Governance - The company has actively participated in investor education initiatives to enhance awareness among small and medium investors regarding the company's true situation[119] - The company has been recognized for its compliance with labor laws and has not faced any violations during the reporting period[118] - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[124]

宁夏青龙管业股份有限公司 2014 年第三季度报告正文 证券代码：002457 证券简称：青龙管业 公告编号：2014-080 宁夏青龙管业股份有限公司 2014 年第三季度报告正文 1 宁夏青龙管业股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈家兴、主管会计工作负责人尹复华及会计机构负责人(会计主管人员)尹复华声明：保证 季度报告中财务报表的真实、准确、完整。 2 宁夏青龙管业股份有限公司 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 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,301,402,458.08 | 2,396,378,278.0 ...

Financial Performance - The company's operating revenue for the first half of 2014 was ¥363,998,825.87, a decrease of 2.94% compared to ¥375,020,644.68 in the same period last year[19]. - The net profit attributable to shareholders was ¥38,361,111.15, representing a slight increase of 0.69% from ¥38,098,184.22 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥37,618,053.43, down 8.38% from ¥41,057,232.52 in the previous year[19]. - The net cash flow from operating activities was -¥145,812,586.67, a significant decline of 1,820.34% compared to -¥7,593,067.73 in the same period last year[19]. - Basic earnings per share increased by 9.09% to ¥0.12 from ¥0.11 year-on-year[19]. - Total assets at the end of the reporting period were ¥2,326,246,684.34, a decrease of 2.93% from ¥2,396,378,278.09 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 1.28% to ¥1,716,064,713.48 from ¥1,694,453,202.33 at the end of the previous year[19]. Revenue and Orders - New signed order contracts amounted to 514 million yuan, with a total of 1.019 billion yuan in contracts being executed as of the end of the reporting period[27]. - The company aims to achieve operating revenue and net profit levels comparable to those of 2013, targeting 1.24 billion yuan in revenue and 112 million yuan in net profit for 2014[40]. - The company’s operating revenue for non-metallic mineral products was approximately CNY 363.99 million, with a year-over-year decrease of 2.94%[43]. Investment and Projects - The company invested a total of 400.27 million yuan in fundraising projects during the reporting period[28]. - The project for the technical transformation of steel wire mesh skeleton reinforced plastic composite pipes has a total investment of CNY 20.4541 million, with CNY 5.682 million already invested[63]. - The total planned investment for the Gansu Dunhuang Qinglong Pipe Industry project is 170.4431 million yuan, with 2.035 million yuan invested as of the report date, indicating a progress of 11.73%[73]. Challenges and Market Conditions - The company is facing challenges due to insufficient local government investment and uncertainties in industry investment policies, impacting orderly production and stable growth[29]. - The Tianjin Hailong Phase I project achieved a net profit of -133,400 RMB due to insufficient orders, resulting in lower-than-expected revenue[64]. Financial Management and Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring no unresolved governance issues exist[84]. - The board of directors consists of three independent directors, accounting for one-third of the total board members, meeting legal requirements[86]. - The company maintains a transparent information disclosure system, ensuring timely and accurate communication with investors[89]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,485[126]. - The largest shareholder, Ningxia Helun Trading Development Co., Ltd., holds 20.93% of the shares, totaling 70,106,454 shares[126]. - The company has not experienced any changes in its controlling shareholder during the reporting period[129]. Cash Flow and Liquidity - Cash and cash equivalents dropped significantly from CNY 707,440,367.63 to CNY 256,272,121.44, representing a decrease of about 64%[141]. - The total cash and cash equivalents at the end of the period decreased to ¥256.27 million from ¥614.80 million, a decline of approximately 58.3%[156]. - Cash inflow from operating activities decreased to ¥383.80 million from ¥653.35 million, a decline of approximately 41.2% year-over-year[153]. Research and Development - Research and development expenses were 10,191,967.12 yuan, a decrease of 9.41% compared to the previous year[34]. - The company has 11 patents, including 1 invention patent and 10 utility model patents, with several more pending approval[45]. Investor Relations - The company has received recognition for its effective investor relations management, with the board secretary awarded for excellence[92]. - The company has established multiple channels for investor communication, enhancing engagement and feedback[90]. Financial Reporting - The company’s financial report for the half-year has not been audited[118]. - The total comprehensive income for the period, including net profit and other comprehensive income, was CNY 111,783,220[162].

Financial Performance - Revenue for the first quarter reached ¥97,843,460.19, an increase of 36.96% compared to ¥71,439,850.40 in the same period last year[8] - Net profit attributable to shareholders was ¥842,582.13, a significant turnaround from a loss of ¥1,932,289.42, representing a 143.61% improvement[8] - Basic earnings per share improved to ¥0.003 from a loss of ¥0.006, marking a 150% increase[8] - The net profit attributable to shareholders for 2013 was CNY 113,442,251.69, with a proposed cash dividend of CNY 0.50 per 10 shares, totaling CNY 16,749,600[16] - For the first half of 2014, the expected net profit attributable to shareholders is projected to range from CNY 3,047.86 million to CNY 4,190.8 million, reflecting a change of -20% to 10% compared to CNY 3,809.82 million in the same period of 2013[25] Assets and Liabilities - Total assets decreased by 4.63% to ¥2,285,428,207.59 from ¥2,396,378,278.09 at the end of the previous year[8] - Accounts receivable decreased by 20.48%, indicating effective collection of outstanding debts[13] Cash Flow - Cash flow from operating activities showed a net outflow of ¥36,685,956.54, a decline of 671.4% compared to the previous year[13] - The company experienced a 381.94% decrease in cash flow from investing activities, attributed to increased cash outflows for purchasing bank wealth management products[15] Shareholder Information - The number of shareholders at the end of the reporting period was 27,765, with the top ten shareholders holding a combined 36.12% of shares[9] - The company will not issue bonus shares or convert reserves into share capital for the current year[17] - The independent directors have expressed clear agreement with the profit distribution proposal[19] Profit Distribution - The company plans to distribute CNY 488,502,920.30 as available profit after allocating CNY 7,895,444.07 for statutory surplus reserves[16] - The remaining undistributed profit after the distribution will be carried forward to the next fiscal year, amounting to CNY 471,753,320.30[16] - The company has confirmed that the profit distribution plan complies with relevant laws and regulations[18] Strategic Investments - The company reported a 100% increase in held-to-maturity investments, reflecting a strategic purchase of bank wealth management products[13] - Financial expenses decreased by 147.23%, primarily due to increased interest income from deposits[13] Future Outlook - The company anticipates that fluctuations in raw material prices and rising labor costs will impact net profit[25] - The company has committed to not transferring or entrusting the management of its shares for three years from the date of listing, with specific conditions on share transfers during the tenure of the controlling shareholder[22] - The company has maintained strict adherence to its commitments regarding share transfers and management[22]

Financial Performance - The company's operating revenue for 2013 was CNY 1,238,925,508.92, representing a 59.88% increase compared to CNY 774,894,945.47 in 2012[23]. - The net profit attributable to shareholders for 2013 was CNY 113,442,251.69, a 49.46% increase from CNY 75,903,333.72 in the previous year[23]. - The net cash flow from operating activities reached CNY 223,050,312.60, marking a significant increase of 260.73% compared to CNY 61,833,674.43 in 2012[23]. - Basic earnings per share for 2013 were CNY 0.34, up 47.83% from CNY 0.23 in 2012[23]. - Total assets at the end of 2013 amounted to CNY 2,396,378,278.09, reflecting a 23.5% increase from CNY 1,940,451,224.70 at the end of 2012[23]. - The net assets attributable to shareholders increased by 6.5% to CNY 1,694,453,202.33 from CNY 1,591,060,710.60 in 2012[23]. - The weighted average return on net assets for 2013 was 6.91%, an increase from 4.86% in the previous year[23]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[5]. - The cash dividend for 2013 is set at 0.5 yuan per 10 shares, with a total cash dividend amounting to 16,749,600.00 yuan[144]. - In 2013, the company distributed cash dividends of 16,749,600.00 yuan, which is 14.76% of the net profit attributable to shareholders[146]. - The distributable profit at the end of the reporting period was 488,502,920.30 CNY, with a cash dividend of 0.5 CNY per 10 shares, totaling 16,749,600 CNY[150]. - After profit distribution, the remaining undistributed profit was 471,753,320.30 CNY, which will be carried forward to the next year[150]. Risks and Challenges - The company faces risks related to raw material supply and price fluctuations, operational management, and market competition[12]. - The company emphasizes that future plans and forecasts are subject to market conditions and uncertainties[5]. - The company faces risks related to raw material supply and price fluctuations, which significantly impact production costs[133]. Research and Development - Research and development expenses increased by 11.17% to RMB 36.25 million, reflecting ongoing investment in innovation[36]. - The company successfully launched two new products from its nine R&D projects during the reporting period[53]. - The company plans to increase R&D investment to enhance the application of new technologies and materials, aiming to optimize product structure and improve profitability[128]. Contracts and Sales - New contracts signed during the period amounted to RMB 1.16 billion, with concrete pipes contributing RMB 857 million[34]. - The total sales amount from the top five customers reached ¥659,805,990.24, accounting for 53.25% of the annual total sales[45]. - The revenue from concrete pipes was ¥944,287,040.50, with a gross margin of 35.61%, reflecting an 85.18% increase in revenue year-on-year[59]. - The executed contract amount for the water diversion project in Puyang City was CNY 142,654,734.12 during the reporting period[183]. Investments and Financial Management - The company has a total of 25,316,430 RMB in committed investment projects, with 13,732,540 RMB already invested[86]. - The company reported zero overdue principal and income from entrusted financial management and derivative investments[78][80]. - The company has not engaged in any significant leasing, contracting, or custodial arrangements that would impact profit margins[175]. - The company has sufficient funding for its initial public offering projects, planning to utilize over-raised funds, self-owned funds, and bank loans[132]. Corporate Governance and Compliance - The company has been recognized as a "Contract-abiding and Creditworthy Enterprise" by local government for several consecutive years[152]. - The company actively participated in investor education initiatives, being awarded "2013 Annual Investor Education Advanced Unit" by the Ningxia Listed Companies Association[153]. - The company has not faced any penalties for environmental issues during the reporting period, indicating compliance with environmental regulations[155]. - There were no significant litigation or arbitration matters during the reporting period[159]. Management Changes - The company appointed Mr. Wang Li as the new General Manager, effective from April 25, 2013, following the resignation of Mr. Chen Jiaxing[193]. - The company continues to focus on governance and strategic development following the management change[193].