证券代码：002476 证券简称：宝莫股份 公告编号：2020-034 山东宝莫生物化工股份有限公司 关于参加山东辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的沟通交流，构建和谐投资者关系，山东宝莫生物化 工股份有限公司（以下简称"公司"）将参加由山东证监局、山东上市公司协会 与深圳市全景网络有限公司联合举办的"山东辖区上市公司 2020 年度投资者网 上集体接待日活动"，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的网上平台举行， 广大投资或者可登陆"全景·路演天下"网址（http://rs.p5w.net）参与公司 互动交流，互动交流的时间为 2020 年 9 月 29 日 15:00 - 16:55。 届时公司副总经理、董事会秘书张世鹏先生将通过网络在线互动的形式，与 广大投资者就公司业绩、公司治理、经营状况、发展战略等投资者关心的问题进 行交流。 欢迎广大投资者积极参与！ 特此公告。 山东宝莫生物化工股份有限公司董事会 2020 年 9 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥232,397,594.15, a decrease of 5.77% compared to ¥246,615,014.86 in the same period last year[17]. - The net profit attributable to shareholders was ¥13,944,248.92, representing a significant increase of 229.58% from ¥4,230,861.86 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥13,602,273.99, up 3,242.43% from ¥406,957.24 year-on-year[17]. - The net cash flow from operating activities reached ¥31,999,666.37, a remarkable increase of 3,097.88% compared to ¥1,000,652.18 in the same period last year[17]. - Operating revenue for the reporting period was CNY 232.40 million, a decrease of 5.77% year-on-year; net profit attributable to shareholders was CNY 13.94 million, an increase of 229.58% year-on-year[35]. - The company achieved a net cash flow from operating activities of CNY 31.99 million, an increase of 3097.88% year-on-year[36]. - The company reported a net profit of 458,745,727 CNY from its subsidiary Baomo Environment, contributing significantly to overall performance[59]. - The company reported a net loss of CNY 17,718,740.40 for the period, an improvement from a loss of CNY 31,662,989.32 in the previous period[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,033,560,594.54, an increase of 7.07% from ¥965,286,942.34 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.88% to ¥824,018,197.05 from ¥808,834,426.56 at the end of the previous year[17]. - The total liabilities of the company were CNY 209,542,397.49, compared to CNY 156,452,515.78 at the end of 2019, indicating an increase of approximately 34%[128]. - The company's total equity at the end of the period is 864,722,939.62 CNY[160]. Cash Flow - Cash flow from financing activities was -CNY 647.96 million, a decrease of 697.25% year-on-year, primarily due to bank loan repayments[37]. - The company reported a net cash outflow from financing activities of CNY -64,795,978.31, compared to a net inflow of CNY 10,849,000.01 in the previous year, indicating a shift in financing strategy[145]. - The company reported a significant investment loss of CNY -55,832.32, compared to a loss of CNY -212,801.17 in the previous year, showing a reduction in investment-related losses[140]. Business Operations - The company plans to focus on the development and sales of polyacrylamide, surfactants, and related chemicals, as well as photovoltaic power generation[24]. - The company is a leading supplier in the industry for tertiary oil recovery and water treatment polyacrylamide[24]. - The company has two photovoltaic power stations in the Liao Bei region, with all generated electricity sold to the national grid[24]. - The chemical business generated revenue of CNY 212.78 million, a year-on-year decrease of 9.84%, while costs were CNY 176.53 million, a decrease of 11.74%[35]. Investments and Acquisitions - The company acquired the subsidiary Nengjing Photovoltaic through cash purchase, which is expected to have a positive impact on overall operations[59]. - The company has not engaged in any major asset or equity sales during the reporting period, maintaining its asset base[56]. - The company has not reported any major fundraising activities, indicating a stable financial position without reliance on external capital[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 52,801[107]. - The largest shareholder, Tibet Taiyi Fengxin Information Technology Co., Ltd., holds 96,698,030 shares, accounting for 15.80% of total shares[108]. - The company did not distribute cash dividends or issue new shares during the reporting period, opting to retain earnings for future growth[65]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[92]. - The company has a wastewater treatment facility with a daily design capacity of 2,500 cubic meters, which is operating normally[94]. - The company has implemented a super low emission device for its 40-ton boiler, utilizing advanced pollution control technologies[93]. Strategic Focus and Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[153]. - The company aims to enhance its research and development capabilities to innovate new technologies and products[153]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[153]. Accounting and Financial Reporting - The financial report for the first half of 2020 was not audited[124]. - The company's accounting policies are based on the accrual basis of accounting, with historical cost as the measurement basis[167]. - The financial statements comply with accounting standards and accurately reflect the company's financial position as of June 30, 2020, and the operating results for the first half of 2020[170].

山东宝莫生物化工股份有限公司 2020 年第一季度报告全文 山东宝莫生物化工股份有限公司 2020 年第一季度报告 山东宝莫生物化工股份有限公司 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。 公司负责人吴锋、主管会计工作负责人许飞鹏及会计机构负责人(会计主管 人员)任燕声明：保证季度报告中财务报表的真实、准确、完整。 2 山东宝莫生物化工股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 2020 年 04 月 1 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 128,605,611.93 | 131,616,890.14 | -2.29% | | 归属于上市公司股东的净利润（元） | 5,181,202.60 | 3, ...

Customer Concentration and Risks - The company reported a significant reliance on major clients, with Sinopec and PetroChina being the primary customers, indicating a high customer concentration risk [8]. - The company faces risks related to oil price fluctuations, which could significantly impact its business development and operating performance [10]. - The price volatility of key raw materials, particularly acrylonitrile, poses a substantial risk to the company's operating results [11]. - The company acknowledges the impact of the COVID-19 pandemic on various industries, which could adversely affect its operating performance if the global situation does not improve [13]. - The company reported a significant decrease in investment cash inflow by 71.87% to CNY 89,310,064.82 [70]. - The company faces risks including high customer concentration, with major clients being Sinopec and PetroChina, and potential impacts from fluctuations in oil prices and raw material costs [96]. Financial Performance - The company's operating revenue for 2019 was ¥416,892,274.68, a decrease of 7.33% compared to ¥449,890,702.39 in 2018 [6]. - The net profit attributable to shareholders in 2019 was ¥91,245,926.27, representing a significant increase of 134.55% from a loss of ¥264,086,122.80 in 2018 [6]. - The basic earnings per share for 2019 was ¥0.1491, compared to a loss of ¥0.4315 per share in 2018, marking a 134.55% improvement [27]. - The weighted average return on equity increased to 11.96% in 2019 from -30.95% in 2018, reflecting a 42.91% improvement [27]. - The company reported a net cash flow from operating activities of ¥50,563,549.67, a decrease of 4.14% from ¥52,747,622.32 in 2018 [6]. - The company reported a total revenue of 120.31 million yuan from Sichuan Jialong Chang, with a net profit of -34.55 million yuan [90]. - The company’s subsidiary Xinjiang Baomo had a total revenue of 100 million yuan, with a net profit of -24.66 million yuan [89]. - The company reported a total revenue of 34,260.21 million CNY for the year 2019 [187]. Dividends and Shareholder Returns - The company did not distribute cash dividends or bonus shares for the reporting period [14]. - In 2019, the company reported a net profit of RMB 91.25 million, but did not distribute any dividends due to negative retained earnings in the consolidated report [100]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits [104]. Market Expansion and Strategic Initiatives - The company plans to enhance its market expansion strategies to mitigate increasing competition risks [7]. - The company is actively pursuing international market expansion, particularly in North America, the Middle East, and Southeast Asia, leveraging its technology and product advantages in tertiary oil recovery [94]. - The company is focusing on the development of new energy technologies and environmental protection equipment sales [82]. - The company is engaged in the research and development of new energy technologies and environmental protection projects, indicating a focus on sustainable practices [90]. - The company has established strategic partnerships with major oil companies, contributing to its leading market share in enhanced oil recovery products [38]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals [194]. Operational Efficiency and Cost Management - The company implemented over 20 technical improvements in production processes to enhance efficiency and reduce costs [42]. - The company has a focus on maintaining good communication with investors through various platforms [150]. - The management team has implemented cost-cutting measures expected to save 50 million yuan annually [195]. Research and Development - Research and development expenses increased by 5.87% to CNY 19,645,517.12, which is 4.71% of the operating revenue [68]. - The company has made substantial progress in developing new products, including high-viscosity polymer and industrial wastewater treatment products, enhancing its market expansion capabilities [39]. - The company plans to strengthen market development, focusing on new products such as surfactants and temperature-resistant salt-resistant polyacrylamide, aiming for sales breakthroughs [94]. Environmental and Safety Measures - The company aims to enhance safety and environmental protection measures, including the upgrade of water reuse systems and safety production facilities, with a goal of zero safety and environmental accidents for the year [95]. - The company has established an emergency response plan for potential environmental incidents and has filed it with the Dongying Environmental Protection Bureau [156]. - The company conducts regular monitoring of its emissions, including waste gas, wastewater, and noise, in compliance with environmental regulations [157]. Corporate Governance and Management - The company’s actual controller, Wu Hao, holds a significant voting power with a 21.38% stake in the company [25]. - The company has a diverse board with members having backgrounds in finance, management, and various industries, which may enhance decision-making processes [190]. - The company has not reported any changes in the controlling shareholder during the reporting period [175]. - The company has not disclosed any major acquisitions or market expansion strategies in the reporting period [126]. Related Party Transactions - The company engaged in related party transactions, including purchasing packaging materials at a market price of CNY 3.48 per unit, totaling CNY 2.8764 million, which accounted for 69.53% of the same type of transactions [128]. - The total amount of related party transactions was CNY 7.6186 million, with no significant deviations from market prices [129]. Share Structure and Ownership - The total number of shareholders at the end of the reporting period was 52,481 [172]. - The company’s stock structure shows that the top 10 shareholders hold a significant portion of the shares, with the largest shareholder holding 15.80% [173]. - The company has not reported any changes in the shareholding of directors and senior management during the reporting period [184].

Financial Performance - Operating revenue for the reporting period was approximately ¥92 million, down 25.65% year-on-year, while year-to-date revenue increased by 13.39% to approximately ¥339 million[7]. - Net profit attributable to shareholders was a loss of approximately ¥3.61 million, an increase in loss of 44.67% year-on-year, but year-to-date net profit showed a significant increase of 102.42% to approximately ¥620 thousand[7]. - The basic and diluted earnings per share were both -¥0.0059, reflecting a 44.86% increase in loss year-on-year[7]. - The total operating revenue for Q3 2019 was ¥92,332,763.33, a decrease of 25.7% compared to ¥124,186,514.68 in the same period last year[37]. - Net profit for Q3 2019 was -¥3,610,687.22, an improvement from -¥6,526,177.19 in Q3 2018, indicating a reduction in losses[38]. - The total comprehensive income for the third quarter was CNY -3,610,687.22, compared to CNY -6,526,177.19 in the previous year, showing an improvement of 44.0%[39]. - The total comprehensive income for the year-to-date period was CNY 3,048,730.20, compared to a loss of CNY 25,588,209.63 in the previous year, indicating a significant recovery[47]. Cash Flow - The net cash flow from operating activities was approximately ¥25 million, a substantial increase of 275.47% compared to the same period last year[7]. - Net cash flow from operating activities decreased by 32.31% year-on-year, primarily due to the absence of large receivables from a major customer[17]. - Net cash flow from investing activities increased by 237.05% year-on-year, mainly due to cash inflow from the sale of subsidiary Guangdong Baomo[17]. - The cash flow from operating activities for the current period is ¥26,102,865.20, down from ¥38,562,162.90 in the previous period[55]. - The net cash flow from investing activities is ¥56,079,032.52, a turnaround from a negative cash flow of ¥40,919,656.62 in the previous period[56]. - The net cash flow from operating activities for the current period is ¥5,106,123.56, a decrease of 22.6% compared to ¥6,595,169.95 in the previous period[59]. - The net cash flow from investing activities is ¥87,230,603.00, a significant improvement from a negative cash flow of ¥9,031,214.34 in the previous period[59]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥986 million, a decrease of 6.34% compared to the end of the previous year[7]. - Total liabilities decreased from CNY 334,612,104.03 to CNY 267,809,484.20, a reduction of approximately 20.00%[29]. - The company's total assets as of September 30, 2019, were ¥1,009,620,388.52, slightly down from ¥1,010,263,298.68 at the end of 2018[33]. - Total liabilities as of September 30, 2019, were ¥141,848,718.70, down from ¥150,582,241.04 at the end of 2018, a decrease of 5.0%[34]. - The company's total equity increased to ¥867,771,669.82 from ¥859,681,057.64, reflecting a growth of 0.9%[35]. - Total assets decreased from CNY 1,052,758,580.98 to CNY 986,006,264.87, a reduction of approximately 6.32%[28]. - Total current assets amounted to CNY 431,254,959.30, a decrease of CNY 158,805.18 compared to the previous period[66]. - Total liabilities amounted to CNY 150,582,241.04, with no changes reported[67]. Shareholder Information - The total number of shareholders at the end of the reporting period was 53,774, with the top ten shareholders holding a combined 49.14% of the shares[11]. - The largest shareholder, Tibet Taiyifeng Information Technology Co., Ltd., held 15.80% of the shares, amounting to approximately 96.70 million shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Investment and Expenses - Investment income increased by 130.38% year-on-year, mainly due to the recognition of investment gains from the sale of subsidiary Guangdong Baomo[16]. - Research and development expenses for Q3 2019 were ¥3,568,035.85, down 30.4% from ¥5,122,572.70 in Q3 2018[37]. - The company reported an investment income of ¥62,226.27 in Q3 2019, compared to a loss of -¥2,999,947.39 in the same period last year[38]. - Research and development expenses were significantly reduced to ¥0 from ¥12,822,701.08 in the previous period, indicating a shift in investment strategy[50]. - The company reported a decrease in sales expenses to ¥1,935,161.38 from ¥10,848,894.24 in the previous period, reflecting cost control measures[50]. Financial Adjustments - The company has adjusted its financial statements in accordance with new financial instrument standards, impacting various asset and liability classifications[60]. - The cash inflow from investment activities includes ¥87,242,100.00 from the disposal of subsidiaries, indicating strategic divestment efforts[59]. Audit and Reporting - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[69].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 246,615,014.86, representing a 41.15% increase compared to CNY 174,722,998.39 in the same period last year[16]. - The net profit attributable to shareholders was CNY 4,230,861.86, a significant turnaround from a loss of CNY 19,062,032.44 in the previous year, marking a 122.20% improvement[16]. - The net profit after deducting non-recurring gains and losses was CNY 406,957.24, compared to a loss of CNY 19,436,937.86 in the same period last year, reflecting a 102.09% increase[16]. - The basic earnings per share increased to CNY 0.0069 from a loss of CNY 0.0311, showing a 122.19% improvement[16]. - The total operating revenue for the reporting period was CNY 246,615,014.86, an increase of 41.15% compared to CNY 174,722,998.39 in the same period last year, primarily due to increased sales of chemical products[38]. - The company reported a significant related party transaction involving the purchase of packaging bags at a price of 3.48 CNY per bag, totaling 182.06 million CNY, which accounted for 72.89% of similar transactions[78]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,008,092,245.23, a decrease of 4.24% from CNY 1,052,758,580.98 at the end of the previous year[16]. - The net assets attributable to shareholders increased slightly by 0.51% to CNY 721,807,467.89 from CNY 718,146,476.95 at the end of the previous year[16]. - The cash and cash equivalents at the end of the reporting period were CNY 69,246,137.68, a significant increase of 464.00% compared to a negative balance of CNY 19,023,517.85 in the previous year[40]. - The company's total assets included CNY 507,487,832.56 in cash, representing 50.34% of total assets, an increase due to the proceeds from the sale of Guangdong Baomo[47]. - The total liabilities decreased to ¥165,868,691.46 as of June 30, 2019, from ¥150,582,241.04 at the end of 2018, reflecting a reduction of about 10.1%[130]. Cash Flow - The net cash flow from operating activities was CNY 1,000,652.18, a significant decrease of 96.86% compared to CNY 31,876,672.81 in the same period last year[16]. - The net cash flow from investing activities was CNY 57,396,485.49, an increase of 305.44% compared to a net outflow of CNY 27,937,860.20 in the previous year, mainly due to the sale of Guangdong Baomo[38]. - The cash flow from financing activities showed a net increase of ¥10,849,000.01 in the first half of 2019, compared to a net decrease of ¥22,962,330.46 in the same period of 2018[142]. Research and Development - Significant R&D efforts are underway, including projects for new chemical products and integrated solutions for oil recovery[32]. - Research and development expenses increased by 31.53% to CNY 10,129,671.78, attributed to higher material and energy costs compared to the previous year[38]. Market and Business Strategy - The company is focusing on expanding market share and enhancing profitability through targeted market analysis and product structure adjustments[31]. - The company has established strategic partnerships with major oil companies, enhancing its market position in oil recovery and wastewater treatment[27]. Environmental Compliance - The company reported a total wastewater discharge of 2.322 tons of COD and 1.56 tons of ammonia nitrogen in the first half of 2019, exceeding the standard limits[93]. - The company has established an emergency response plan for environmental incidents and has filed it with the Dongying Environmental Protection Bureau[94]. - The company conducts regular monitoring of its emissions, including waste gas and wastewater, and engages third-party agencies for quarterly assessments[95]. Shareholder Information - The company held its first extraordinary shareholders' meeting of 2019 on March 18, with an investor participation rate of 16.60%[67]. - The annual shareholders' meeting for 2018 took place on May 10, with a participation rate of 15.91%[67]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[68]. Risks and Challenges - The company is facing risks related to oil price fluctuations, which could significantly impact business development and operating performance[64]. - Rising labor costs pose a risk, as they constitute a significant portion of total costs, potentially affecting profitability[64]. - The company plans to closely monitor international oil price trends and adjust production plans accordingly to mitigate risks[64]. Financial Reporting and Compliance - The half-year financial report has not been audited[70]. - The financial report indicates a need for strategic adjustments to enhance shareholder value moving forward[149]. - The financial report was prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[161].

Revenue and Profitability - The company's revenue for Q1 2019 was ¥131,616,890.14, representing a 96.29% increase compared to ¥67,053,913.88 in the same period last year[9]. - The net profit attributable to shareholders was ¥3,510,480.50, a significant turnaround from a loss of ¥12,629,958.92 in the previous year, marking a 127.89% improvement[9]. - Basic earnings per share increased to ¥0.0057 from a loss of ¥0.0206, reflecting a 127.67% improvement[9]. - The company expects to turn a profit in the first half of 2019, with a projected net profit of between 4.6 million and 6.9 million yuan, compared to a net loss of 19.06 million yuan in the same period last year[20]. - The operating profit for the current period was ¥1,394,895.06, compared to a loss of ¥4,482,787.66 in the previous period, indicating a turnaround in profitability[41]. - The net profit for the current period was ¥1,394,895.06, recovering from a net loss of ¥4,526,563.66 in the previous period, showcasing a substantial improvement[42]. Cash Flow and Financial Activities - The net cash flow from operating activities decreased by 98.50%, down to ¥192,382.68 from ¥12,847,777.92 in the previous year[9]. - Net cash flow from operating activities decreased by 98.5% compared to the same period last year, mainly due to increased cash payments for materials and decreased cash settlements for sales[17]. - Cash flow from operating activities generated a net cash inflow of ¥192,382.68, a decrease from ¥12,847,777.92 in the previous period[45]. - The net cash flow from operating activities for Q1 2019 was -4,637,383.54 CNY, compared to 2,128,569.44 CNY in Q1 2018, indicating a decline in operational performance[49]. - The total cash inflow from investment activities was 74,144,534.29 CNY, while cash outflow was 85,183,354.34 CNY, resulting in a net cash flow of -11,497.00 CNY for Q1 2019[49]. - Cash outflow from financing activities was recorded at 123,975.00 CNY, indicating limited financing activities during the quarter[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,039,964,687.76, a decrease of 1.22% from ¥1,052,758,580.98 at the end of the previous year[9]. - Total assets as of March 31, 2019, amounted to 1,039,964,687.76 yuan, a decrease from 1,052,758,580.98 yuan at the end of 2018[28]. - Total liabilities as of March 31, 2019, were 318,307,730.31 yuan, down from 334,612,104.03 yuan at the end of 2018[29]. - Total liabilities decreased to CNY 144,082,202.01 from CNY 150,582,241.04 at the end of 2018, reflecting a reduction of 4.3%[34]. - The company's total equity attributable to shareholders was 718,146,476.95 CNY, reflecting a stable capital structure despite operational challenges[53]. Research and Development - Research and development expenses increased by 56.79% compared to the previous year, indicating a rise in investment in new product development[16]. - Research and development expenses increased to CNY 5,450,380.18, up 56.6% from CNY 3,476,180.92 in the previous year[36]. - Research and development expenses were significantly reduced to ¥0 from ¥3,476,180.92 in the previous period, suggesting a potential shift in strategic focus[40]. Operating Costs and Expenses - The company reported a 93.69% increase in operating costs, primarily due to higher sales volumes of chemicals[16]. - Total operating costs for Q1 2019 were CNY 128,109,735.06, up 66.5% from CNY 76,929,645.21 in the same period last year[36]. - The company reported a decrease in sales expenses to ¥742,488.34 from ¥3,138,730.34 in the previous period, indicating improved cost management[40]. - The financial expenses showed a net income of ¥583,003.03, compared to a loss of ¥143,269.50 in the previous period, indicating better financial management[40]. - The company experienced a decrease in tax expenses, with tax and additional charges amounting to ¥366,384.16, down from ¥716,589.94 in the previous period, reflecting a more favorable tax position[40]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,964, with the largest shareholder holding 15.80% of the shares[12]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[13]. Future Plans and Expectations - The company plans to transfer 100% equity of its wholly-owned subsidiary, Guangdong Baomo, to Chang'an Holdings for a price of 87.24 million yuan, which is expected to generate a profit of 2.1073 million yuan[20]. - The company plans to adopt new financial instrument standards starting in 2019, which may impact future financial reporting[57]. - The company has not yet audited the Q1 2019 report, which may affect the reliability of the financial data presented[59].

Financial Performance - The company's operating revenue for 2018 was CNY 449,890,702.39, representing a 9.78% increase compared to CNY 409,828,476.69 in 2017[19]. - The net profit attributable to shareholders was a loss of CNY 264,086,122.80, a significant decrease of 3,293.16% from a profit of CNY 8,270,361.60 in 2017[19]. - The net cash flow from operating activities decreased by 40.02% to CNY 52,747,622.32 from CNY 87,943,473.85 in the previous year[19]. - The total assets at the end of 2018 were CNY 1,052,758,580.98, down 17.47% from CNY 1,275,681,198.78 at the end of 2017[20]. - The net assets attributable to shareholders decreased by 27.34% to CNY 718,146,476.95 from CNY 988,352,599.75 in 2017[20]. - The basic and diluted earnings per share were both CNY -0.4315, a decline of 3,296.30% from CNY 0.0135 in 2017[20]. - The company reported a total of CNY -120,611,933.25 in non-recurring losses for the year, compared to CNY 64,880,565.64 in 2017[26]. - The company achieved operating revenue of ¥449,890,702.39, an increase of 9.78% compared to the previous year[49]. - The net profit attributable to shareholders was -¥264,086,122.80, a decline of 3293.16% year-on-year[49]. - The company reported a significant decrease in net profit, with a net loss of ¥26,408.61 million, influenced by asset impairment losses and reduced operational cash flow[76]. Market and Industry Conditions - The global oil market faces uncertainties in 2019, including trade disputes and geopolitical conflicts, which may impact oil prices and demand[5]. - The company anticipates challenges in achieving market balance due to expected strong growth in U.S. crude oil production and a slowdown in global economic growth[5]. - The company’s operational performance may be affected by the overall market demand decline in the oil extraction-related industry[5]. - The environmental protection industry is expected to grow significantly due to increased government focus on pollution control[41]. - The chemical industry is expected to face growth pressures, while the oil and gas extraction sector remains uncertain due to ongoing reforms and market competition[100]. - The environmental water treatment industry is projected to exceed a trillion RMB market size, presenting numerous investment opportunities[101]. Customer and Supplier Relationships - The company primarily serves major oil and gas enterprises, with a high customer concentration risk, particularly with Sinopec and PetroChina[6]. - The total sales amount from the top five customers reached ¥344,663,692.39, accounting for 76.61% of the annual total sales[68]. - The company’s total procurement amount from the top five suppliers was ¥231,422,632.51, accounting for 60.41% of the annual total procurement[69]. Research and Development - The company has focused on R&D projects including gene engineering bacteria and new polymer technologies to enhance market competitiveness[72]. - The company is focusing on technological innovation, implementing several R&D projects including new polymer formulations and enhanced oil recovery techniques[45]. - The company has established a performance-oriented compensation system that aligns with industry standards and adjusts salaries based on company performance[186]. - The company has strengthened its information technology infrastructure, including the launch of an e-commerce platform in collaboration with Alibaba[47]. Strategic Plans and Investments - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[7]. - The company plans to invest in industrial and agricultural sectors, aiming to diversify its investment portfolio[95]. - The company aims to enhance market share by improving sales team capabilities and expanding into oilfield, social, and international markets[102]. - The company plans to enhance its technical research and development capabilities, focusing on optimizing production processes and reducing costs through technology upgrades[103]. - The company is investing in new technologies, with a budget of 50 million RMB dedicated to R&D for innovative bio-chemical solutions[174]. Environmental and Compliance Measures - The company has prepared emergency response plans and risk assessment reports for potential environmental incidents, filed with the local environmental protection bureau[150]. - The company conducts regular monitoring of emissions, including waste gas and wastewater, in compliance with national environmental laws, with quarterly third-party testing[151]. - The company is committed to improving safety and environmental protection measures, ensuring compliance with national environmental policies[105]. Governance and Management - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[3]. - The company has a diverse management team, with members holding various positions such as Chairman, General Manager, and independent directors[167]. - The company aims to enhance its governance structure with the appointment of new independent directors[167]. - The company is committed to transparency and accountability in its operations, as evidenced by the detailed reporting of board member changes[169]. - The company has implemented internal management reforms to enhance operational efficiency and reduce costs[106]. Operational Challenges - The company reduced long-term equity investments by 33.93% due to recognized investment losses from joint ventures[34]. - Fixed assets decreased by 26.68% primarily due to impairment provisions made by a subsidiary[34]. - The company has not sold any significant assets during the reporting period[91]. - The company has not engaged in any research, communication, or interview activities during the reporting period[108]. Shareholder Information - The total number of shares is 612,000,000, with 95.80% being unrestricted shares[155]. - The company has 52,198 shareholders at the end of the reporting period, with no significant changes in major shareholders[157]. - The largest shareholder, Tibet Taiyifeng Information Technology Co., Ltd., holds 96,698,030 shares, accounting for 15.80% of total shares[158]. - The company did not engage in any repurchase transactions during the reporting period[159].

Financial Performance - Operating revenue for the reporting period was CNY 124,186,514.68, representing a year-on-year increase of 216.21%[8] - Net profit attributable to shareholders was a loss of CNY 6,526,177.19, a decrease of 69.67% compared to the same period last year[8] - Basic earnings per share were -CNY 0.0107, a decrease of 69.60% compared to the same period last year[8] - The weighted average return on net assets was -0.68%, a decrease of 1.68 percentage points compared to the previous year[8] - The company expects a net loss for 2018, estimated between -77.15 million to -47.50 million yuan, a significant decline from a profit of 8.27 million yuan in 2017[19] Cash Flow - The net cash flow from operating activities was CNY 6,685,490.09, down 91.58% year-on-year[8] - The net cash flow from investing activities decreased by 135.65% year-on-year, primarily due to reduced purchases of bank wealth management products[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,543[12] - The largest shareholder, Tibet Taiyifeng Information Technology Co., Ltd., held 15.80% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,154,049,114.73, a decrease of 9.53% compared to the end of the previous year[8] - Accounts receivable decreased by 56.59% compared to the beginning of the period due to timely payments from major customers[16] - Inventory increased by 114.83% compared to the beginning of the period, mainly due to increased reserves of raw materials and finished products[16] - Short-term borrowings decreased by 100% compared to the beginning of the period due to repayment of bank loans[16] - Long-term equity investments decreased by 35.01% compared to the beginning of the period, mainly due to investment losses recognized from joint ventures[16] Income and Expenses - The company reported non-operating income of CNY 78,571.67 for the year-to-date period[9] - Financial expenses decreased by 106.53% year-on-year, mainly due to increased interest income from bank deposits[17] - Tax expenses decreased by 48.13% year-on-year, primarily due to a reduction in tax liabilities[17] - Other receivables increased by 46.21% compared to the beginning of the period, mainly due to an increase in bid guarantees and sales reserves[16]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥174,722,998.39, a decrease of 5.78% compared to ¥185,435,976.79 in the same period last year[18]. - The net profit attributable to shareholders was -¥19,062,032.44, an improvement of 59.62% from -¥47,209,281.40 year-on-year[18]. - The net cash flow from operating activities was ¥31,876,672.81, a significant increase of 188.24% compared to -¥36,126,813.32 in the previous year[18]. - The total assets at the end of the reporting period were ¥1,184,940,529.93, down 7.11% from ¥1,275,681,198.78 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 2.55% to ¥963,170,567.31 from ¥988,352,599.75 at the end of the previous year[18]. - Basic earnings per share improved to -¥0.0311, a 59.66% increase from -¥0.0771 in the same period last year[18]. - The weighted average return on equity was -1.95%, an improvement of 2.95 percentage points from -4.90% year-on-year[18]. - The company achieved a sales revenue of 174.72 million yuan, a year-on-year decrease of 5.78%, and a net profit of -19.06 million yuan, an increase of 59.62% year-on-year[37]. Cash Flow and Investments - Operating cash flow net amount was ¥31,876,672.81, an increase of 188.24% year-on-year, attributed to increased cash settlements and reduced tax payments[49]. - Investment cash flow net amount was -¥27,937,860.20, a decrease of 34.74% year-on-year due to payments for equity acquisition[51]. - Financing cash flow net amount was -¥22,962,330.46, a decline of 756% year-on-year, primarily due to reduced bank borrowings[51]. - The company reported a total of ¥361,781.67 in investment income from bank financial products during the reporting period[23]. Operational Highlights - The company has formed several world-leading processes and proprietary technologies in the treatment of high-difficulty oilfield wastewater, providing strong technical support for market expansion[28]. - The company has established strategic partnerships with major oil companies, contributing significantly to stable production and cost reduction in oil extraction[31]. - The company has implemented a series of R&D projects, including the optimization of polymer and acidification thickening agents, to enhance its market competitiveness[40]. - The company has developed 8 patented technologies in the field of oilfield wastewater resource utilization, significantly enhancing its core competitiveness[43]. - The company has signed a strategic cooperation agreement with Sinopec, further enhancing its market competitiveness and brand influence[39]. Asset Management - Accounts receivable decreased by 55.45% compared to the beginning of the period, mainly due to timely settlements by major customers[30]. - Inventory increased by 124.00% compared to the beginning of the period, primarily due to increased inventory reserves[30]. - As of the end of the reporting period, cash and cash equivalents amounted to 408,656,463.8, representing 34.49% of total assets, a significant increase from 86,273,900.89 (6.28%) in the same period last year[60]. - Fixed assets increased to 442,352,529.3, making up 37.33% of total assets, compared to 375,356,118.23 (27.33%) last year, attributed to the completion of the oilfield wastewater resource treatment project[60]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The total number of shares is 612,000,000, with 95.11% being unrestricted shares[117]. - The company experienced a reduction of 4,228,198 shares in restricted shares, resulting in a new total of 25,695,168 restricted shares[117]. - The largest shareholder, Tibet Taiyi Feng Information Technology Co., Ltd., holds 15.80% of shares, totaling 96,698,030 shares[120]. Risks and Challenges - The company faces risks related to oil price fluctuations, which could significantly impact business development and operating performance[84]. - Investment risks are present due to large-scale investments in exploration, chemical, and water treatment projects, which may not meet expected returns[84]. - There is a risk of insufficient core technical personnel, which could affect the achievement of strategic goals and development plans[84]. Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[173]. - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the financial position as of June 30, 2018[180]. - The company has not undergone any changes in controlling shareholders during the reporting period[122]. - There were no major litigation or arbitration matters during the reporting period[91]. Environmental and Social Responsibility - The company has established emergency response plans for potential environmental incidents and has filed them with the local environmental protection bureau[110]. - The company conducts regular monitoring of emissions and pollutants, with quarterly third-party testing reports[110]. - The company has not initiated any targeted poverty alleviation work in the reporting period and has no subsequent plans[112].