证券代码：002596 证券简称：海南瑞泽 海南瑞泽新型建材股份有限公司 投资者关系活动记录表 编号：2017-005 | --- | --- | --- | |---------------------------|----------------------------|---------------------------------------------------------------------------------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活 | □ | 新闻发布会 □路演活动 | | 动类别 | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 国金证券：艾熊峰、李立峰、黄俊伟；厦门汇熙：蔡俊逸、林楚 | | 及人员姓名 | | 育、刘泽毅；北京四益：徐明达；深圳乾明：李昊挺；上海鑫 富越：陈肃霜；西部证券：李刚平；盛盈资本：钱振；财富证 | | | | | | | 券：夏阳；方 ...

Group 1: Policy Impact - The recent policy introduced by the central government is a significant long-term benefit for Hainan Province [1][2] - The company's main business, aside from cement operations concentrated in Guangdong, is primarily in Hainan, which will benefit significantly from infrastructure projects [2] Group 2: Revenue Breakdown - In 2017, the revenue breakdown for the company was as follows: - Ready-mixed concrete business: approximately 41% - Cement business: approximately 16% - Landscaping business: approximately 30% - Municipal sanitation business: approximately 13% - Tourism business: no substantial progress yet [2] Group 3: Strategic Partnerships - The company signed a strategic cooperation framework agreement with China Communications Construction Company to develop the Sanya International Cruise Terminal [3] - A wholly-owned subsidiary, Hainan Shenghua Tourism Industry Co., Ltd., was established to invest in tourism projects and has signed a cooperation agreement for a horse culture tourism project [3] Group 4: Shareholder Actions - The chairman, Zhang Hailin, committed to gradually implementing a share buyback plan starting from February 23, 2018, over a period of six months [4] - The company will ensure compliance with relevant regulations during the buyback period and will monitor the chairman's adherence to this commitment [4]

海南瑞泽新型建材股份有限公司 2022 年第三季度报告 证券代码：002596 证券简称：海南瑞泽 公告编号：2022-064 海南瑞泽新型建材股份有限公司 2022 年第三季度报告 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。 重要内容提示： （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 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 海南瑞泽新型建材股份有限公司 2022 年第三季度报告 一、主要财务数据 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 402,291,509.78 | -34 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.00 billion, a decrease of 22.73% compared to ¥1.30 billion in the same period last year[20]. - The net loss attributable to shareholders was approximately ¥113.21 million, representing a 270.05% increase in losses compared to a loss of ¥30.59 million in the previous year[20]. - The basic earnings per share were -¥0.0987, a decline of 269.66% compared to -¥0.0267 in the previous year[20]. - The net profit attributable to shareholders was CNY -11,321,050, a decline of 270.05% year-on-year[37]. - The total comprehensive income for the first half of 2022 was -111,038,497.67 CNY, compared to -28,876,901.36 CNY in the first half of 2021[145]. - The company reported a total revenue of 1,147 million RMB for the first half of 2022, representing an increase of 8.59% compared to the same period last year[170]. - The net profit attributable to shareholders for the first half of 2022 was 580.5 million RMB, with a profit margin of 12.70%[170]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately -¥64.55 million, showing a slight improvement of 1.88% from -¥65.79 million in the same period last year[20]. - The company’s cash flow from operating activities showed a net outflow of CNY -64,545,573, a slight improvement of 1.88% year-on-year[40]. - The cash balance at the end of the period was 3,069,940.48 CNY, a decrease from 7,694,496.35 CNY at the end of the previous period[154]. - The company experienced a cash outflow of 59,718,108.90 CNY for dividend distributions and interest payments[152]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 56,189,117.55 CNY, ending the period with 69,434,269.40 CNY[152]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥5.42 billion, a decrease of 2.64% from ¥5.57 billion at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 5.61% to approximately ¥1.88 billion from ¥1.99 billion at the end of the previous year[20]. - The company's total liabilities increased, with short-term borrowings rising by 748.63% to CNY 67,890,000[41]. - The company's total assets as of June 30, 2022, amounted to CNY 3,438,036,458.93, an increase from CNY 3,402,849,252.12 at the beginning of the year[139]. - Total liabilities as of June 30, 2022, were CNY 1,079,726,648.34, compared to CNY 1,034,562,368.10 at the start of the year, showing an increase in liabilities[141]. Market and Industry Conditions - The concrete sales in the company's operating areas were affected by the pandemic, leading to a decline in demand in the real estate sector[30]. - In the first half of 2022, national cement production decreased by 15% year-on-year due to insufficient market demand, with rising production costs impacting profitability[31]. - The landscaping industry faces increased competition and financial pressure due to long payment cycles and upfront capital requirements[34]. - The company continues to face challenges in the concrete and cement sectors due to rising costs and market competition, impacting future growth prospects[31]. Strategic Initiatives and Future Plans - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to closely monitor industry trends and policy directions to adapt its strategies in response to macroeconomic uncertainties[61]. - The company has plans for market expansion and new product development, aiming to enhance its competitive edge in the building materials sector[159]. - The company is focusing on technological advancements in new materials to meet market demands and improve product offerings[159]. Environmental Compliance and Social Responsibility - The company adheres to strict environmental regulations and has obtained necessary environmental permits for its operations, ensuring compliance with pollution control standards[75][76]. - The company has implemented a bag filter dust removal system with an efficiency of 99% at the kiln tail, ensuring a 100% operational rate since its establishment[80]. - The company has invested no less than RMB 4 million annually in environmental protection facilities, including 44 dust removal units and 2 desulfurization systems[83]. - In the first half of 2022, the company donated RMB 230,000 to local community development projects, fulfilling its social responsibility[84]. Legal and Regulatory Matters - The company has initiated 33 new lawsuits in the concrete sector due to clients failing to pay for products, with a total amount involved of 82.402 million yuan[93]. - The actual controllers of the company, Zhang Hailin and Zhang Yilin, have unresolved court judgments and outstanding debts[95]. - The company has no outstanding court judgments or significant debts due for payment during the reporting period[95]. Shareholder and Equity Structure - The total number of ordinary shareholders at the end of the reporting period was 73,860[123]. - Major shareholders include Zhang Hailin with 12.19% and Feng Huoling with 11.29%, both of whom have pledged their shares[123]. - The shareholding structure indicates a significant concentration of ownership among a few major shareholders[123]. - The company is actively pursuing strategic divestitures to optimize its asset portfolio[117].

海南瑞泽新型建材股份有限公司 2022 年第一季度报告 证券代码：002596 证券简称：海南瑞泽 公告编号：2022-023 海南瑞泽新型建材股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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） | 474,179,508.14 | 564,510,957.33 | -16.00% | | 归属于上市公司股东的净利润（元） | 4,095,569.45 | 2,480 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2021, representing a growth of 15% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥2,778,490,944.69, a decrease of 4.32% compared to ¥2,904,059,209.47 in 2020[23]. - The net profit attributable to shareholders for 2021 was -¥1,140,707,950.33, representing a significant decline of 2,852.91% from a profit of ¥41,436,412.54 in 2020[23]. - The net cash flow from operating activities was -¥25,756,481.73 in 2021, a decrease of 110.00% compared to ¥257,563,696.63 in 2020[23]. - The total assets at the end of 2021 were ¥5,565,104,929.89, down 14.49% from ¥6,507,987,939.78 at the end of 2020[23]. - The net assets attributable to shareholders decreased by 36.55% to ¥1,993,071,995.09 at the end of 2021 from ¥3,141,013,766.39 at the end of 2020[23]. - The company reported a basic and diluted earnings per share of -¥0.99 for 2021, a decline of 2,575.00% from ¥0.04 in 2020[23]. - The company experienced a negative net profit after deducting non-recurring gains and losses for the year, indicating ongoing operational challenges[23]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[20]. - Future guidance indicates a projected revenue growth of 18% for 2022, driven by increased demand for concrete and cement products[20]. - The company is actively promoting the development of prefabricated construction to adapt to modern building trends, with production lines already installed[34]. - The company is preparing to enter the general industrial waste treatment market, which is currently underdeveloped in China, indicating significant future growth potential[79]. - The company plans to leverage the opportunities presented by the Hainan Free Trade Port construction to expand its municipal sanitation services[45]. Cost Management and Profitability - The gross profit margin improved to 30%, up from 28% in 2020, indicating better cost management and pricing strategies[15]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[138]. - The gross profit margin for the concrete segment was 15.97%, down from 17.21% in the previous year[51]. - The gross profit margin fell to -23.98% in 2021 from -1.44% in 2020, primarily due to project delays and rising material and labor costs[54]. - The company is facing challenges from rising prices of raw materials such as limestone and coal, impacting its cement production cost competitiveness[40]. Research and Development - Research and development expenses increased by 25% year-on-year, focusing on new building materials and sustainable construction technologies[20]. - The company has completed several R&D projects, including the development of a high-performance concrete material suitable for tropical marine environments, which has won an annual innovation technology award[79]. - The company is exploring the use of sea sand in concrete production, which could enhance its material sourcing and industry influence if successful[78]. - R&D investment decreased by 31.16% from 33,814,783.24 CNY in 2020 to 23,277,004.99 CNY in 2021, representing 0.84% of operating revenue[80]. Operational Challenges - Accounts receivable increased by 10%, raising concerns about liquidity and collection efficiency, which the company aims to address in the coming year[4]. - The company is addressing high accounts receivable risks due to long construction and settlement cycles, particularly in the concrete and landscaping sectors[106]. - The company is facing potential risks related to macroeconomic conditions and industry policies, which could impact future performance[4]. - The concrete industry is facing increased financial pressure due to rising raw material costs and prolonged payment cycles, but long-term demand is expected to rise with major infrastructure projects[34]. Governance and Management - The company held 1 annual general meeting and 5 extraordinary general meetings during the reporting period, ensuring compliance with legal requirements for shareholder rights[115]. - The board of directors consists of 8 members, including 3 independent directors, meeting the legal requirement of one-third independence[116]. - The company has a robust governance structure with a clear separation of powers among the shareholders, board, and supervisory board[123]. - The company has established an independent financial department with strict financial management and decision-making processes, ensuring no shared bank accounts with actual controllers[123]. Environmental Responsibility - The company achieved a total emission of 265.27 tons of particulate matter, 43.17 tons of sulfur dioxide, and 477.71 tons of nitrogen oxides, all within the regulatory limits[194]. - The dust removal system at the kiln tail has an efficiency of 99%, with a 100% operational rate, ensuring effective interception of particulate emissions[195]. - The company invested no less than RMB 4 million annually in environmental protection facilities, including 44 dust removal devices and 2 desulfurization systems[197]. - The company has not faced any administrative penalties from environmental protection authorities during the reporting period[197]. Employee Management and Compensation - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 9.6104 million yuan[148]. - The company has a complete human resources management system, with all employees recruited through standardized procedures[121]. - The company emphasizes a fair and performance-based compensation policy, continuously improving its salary and performance mechanisms[167]. - The company has developed a talent reserve system aimed at nurturing future leaders and building an internal talent pipeline[170]. Social Responsibility - The company donated a total of RMB 1.691 million for rural construction, poverty alleviation, and charity education[200]. - The company actively participates in social responsibility initiatives, including job creation and community support[200]. - The company contributed RMB 14,000 in poverty alleviation funds to support disabled students and families in Qionghai[200].

[Main Financial Data](index=1&type=section&id=一%E3%80%81主要财务数据) In the first three quarters of 2021, the company's operating revenue increased by 10.83% year-on-year, but net profit turned from profit to loss, decreasing by 373.83% year-on-year, mainly due to increased operating costs, administrative expenses, and credit impairment losses, with net cash flow from operating activities also sharply decreasing by 83.08% year-on-year, indicating a significant deterioration in the company's profitability and cash flow position [Key Accounting Data and Financial Indicators](index=1&type=section&id=(一)主要会计数据和财务指标) During the reporting period, the company's profitability significantly declined in both the third quarter and the year-to-date, with third-quarter operating revenue decreasing by 17.14% year-on-year and a net loss attributable to shareholders of 53.94 million CNY, while year-to-date net loss attributable to shareholders expanded to 84.53 million CNY despite a 10.83% revenue increase Key Financial Indicators for Q1-Q3 2021 | Indicator | Year-to-Date | YoY Change (Year-to-Date) | | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,909,458,636.04 | 10.83% | | Net Profit Attributable to Shareholders (CNY) | -84,531,481.31 | -373.83% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY) | -104,662,654.11 | -1,239.82% | | Net Cash Flow from Operating Activities (CNY) | 25,219,366.18 | -83.08% | | Basic Earnings Per Share (CNY/share) | -0.07 | -333.33% | | Total Assets (CNY) | 6,469,111,170.45 | -0.60% (vs. End of Prior Year) | | Total Equity Attributable to Shareholders (CNY) | 3,044,397,662.10 | -3.08% (vs. End of Prior Year) | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=(二)非经常性损益项目和金额) Year-to-date, the company's total non-recurring gains and losses amounted to 20.13 million CNY, primarily from the reversal of impairment provisions for individually tested accounts receivable, government grants, and other non-operating income and expenses, which partially mitigated losses from core operations Non-recurring Gains and Losses Items (Year-to-Date) | Item | Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 3,731,464.93 | | Government Grants Recognized in Current P&L | 4,961,379.00 | | Reversal of Impairment Provisions for Individually Tested Accounts Receivable | 9,068,859.48 | | Other Non-operating Income and Expenses | 4,318,204.22 | | **Total** | **20,131,172.80** | [Analysis of Changes in Key Financial Indicators and Reasons](index=2&type=section&id=(三)主要会计数据和财务指标发生变动的情况及原因) The company's financial position significantly changed during the reporting period, with investment properties surging by 3058.66% due to properties being converted to rental or acquired as debt settlement, while operating profit and net profit turned negative year-on-year due to increased operating costs, administrative expenses, and credit impairment losses, and net cash flow from operating activities plummeted by 83.08% due to increased procurement and expense payments, indicating substantial funding pressure Key Balance Sheet Changes (2021-09-30 vs 2020-12-31) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Investment Properties | 3,058.66% | Increase due to properties converted to rental and acquired as debt settlement | | Construction in Progress | 79.97% | Increase in projects under construction and project investments | | Prepayments | 72.46% | Increase in prepaid material costs | | Short-term Borrowings | -54.19% | Repayment of short-term borrowings from financial institutions | Key Income Statement Changes (Jan-Sep 2021 vs Jan-Sep 2020) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Investment Income | 230.02% | Increase in investment income from associates | | Operating Profit | -188.94% | Increase in operating costs, administrative expenses, and impairment losses | | Total Profit | -175.06% | Increase in operating costs, administrative expenses, impairment losses, and decrease in penalty income | | Net Profit Attributable to Parent Company Shareholders | -373.83% | Increase in operating costs, administrative expenses, impairment losses, and decrease in non-operating income | Key Cash Flow Statement Changes (Jan-Sep 2021 vs Jan-Sep 2020) | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -83.08% | Increase in payments for goods purchased, employee salaries, and expenses | | Net Cash Flow from Investing Activities | -52.35% | Increase in investments in construction projects, PPP projects, and associates | | Net Cash Flow from Financing Activities | -194.43% | Decrease in borrowings obtained | [Shareholder Information](index=4&type=section&id=二%E3%80%81股东信息) As of the end of the reporting period, the company had 62,169 common shareholders, with the top three shareholders collectively holding over 30% of the shares, and a significant portion of shares held by major shareholders were pledged or frozen, with some shareholders acting in concert - As of the end of the reporting period, the company had **62,169** common shareholders[15](index=15&type=chunk) Top Three Shareholders' Holdings and Pledged/Frozen Status | Shareholder Name | Holding Percentage (%) | Number of Shares Held | Number of Shares Pledged | Number of Shares Frozen | | :--- | :--- | :--- | :--- | :--- | | Zhang Hailin | 12.19% | 139,920,000 | 139,920,000 | 16,260,000 | | Feng Huoling | 11.29% | 129,510,000 | 60,924,000 | - | | Sanya Daxing Group Co., Ltd. | 8.29% | 95,132,742 | 95,130,000 | 95,132,742 | - Major shareholders Zhang Hailin, Zhang Yilin, and Feng Huoling are acting in concert, with Zhang Hailin and Zhang Yilin jointly controlling Sanya Daxing Group Co., Ltd. and Sanya Houde Investment Management Co., Ltd., indicating a highly concentrated equity structure[16](index=16&type=chunk) [Other Important Matters](index=5&type=section&id=三%E3%80%81其他重要事项) During the reporting period, the company had no other important matters requiring disclosure - The company had no other important matters requiring disclosure in this reporting period[17](index=17&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=四%E3%80%81季度财务报表) This section provides the unaudited consolidated financial statements for the third quarter of 2021, including the balance sheet, income statement, and cash flow statement, and explains adjustments made to the opening financial statements due to the initial adoption of new lease accounting standards, recognizing right-of-use assets and lease liabilities [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81合并资产负债表) As of September 30, 2021, the company's total assets were 6.469 billion CNY, a slight decrease of 0.60% from the end of the previous year; total liabilities were 3.353 billion CNY, an increase of 1.83% from the end of the previous year; and total equity attributable to the parent company was 3.044 billion CNY, a decrease of 3.08% from the end of the previous year, with an asset-liability ratio of 51.83% Key Balance Sheet Items (2021-09-30) | Item | Amount (CNY) | | :--- | :--- | | Total Assets | 6,469,111,170.45 | | Total Liabilities | 3,352,969,030.47 | | Total Equity Attributable to Parent Company | 3,044,397,662.10 | [Consolidated Income Statement (Year-to-Date)](index=8&type=section&id=2%E3%80%81合并年初到报告期末利润表) From January to September 2021, the company achieved total operating revenue of 1.909 billion CNY, a year-on-year increase of 10.83%, but total operating costs reached 1.889 billion CNY, a year-on-year increase of 18.79%, with operating costs and administrative expenses growing particularly fast, ultimately leading to an operating loss of 65.08 million CNY and a net loss of 82.45 million CNY Key Income Statement Items (Jan-Sep 2021) | Item | Current Period Amount (CNY) | | :--- | :--- | | Total Operating Revenue | 1,909,458,636.04 | | Total Operating Costs | 1,889,281,320.87 | | Operating Profit | -65,078,412.13 | | Net Profit | -82,448,169.75 | | Net Profit Attributable to Parent Company Owners | -84,531,481.31 | [Consolidated Cash Flow Statement (Year-to-Date)](index=10&type=section&id=3%E3%80%81合并年初到报告期末现金流量表) From January to September 2021, the company's net cash flow from operating activities was 25.22 million CNY, a significant year-on-year decrease of 83.08%, with net cash outflow from investing activities of 223.32 million CNY and net cash outflow from financing activities of 92.46 million CNY, resulting in a net decrease in cash and cash equivalents of 290.56 million CNY, with the ending balance falling to 117 million CNY Key Cash Flow Statement Items (Jan-Sep 2021) | Item | Current Period Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | 25,219,366.18 | | Net Cash Flow from Investing Activities | -223,319,202.87 | | Net Cash Flow from Financing Activities | -92,456,439.05 | | Net Increase in Cash and Cash Equivalents | -290,556,275.74 | [Explanation of Financial Statement Adjustments](index=12&type=section&id=(二)财务报表调整情况说明) The company adopted new lease accounting standards effective January 1, 2021, and in accordance with the standards, the consolidated balance sheet at the date of initial application was adjusted to recognize right-of-use assets and lease liabilities, with no retrospective adjustment to prior period comparative data - The company first adopted new lease accounting standards effective **January 1, 2021**, and adjusted relevant items in the opening financial statements[29](index=29&type=chunk)[33](index=33&type=chunk) Impact of Initial Adoption of New Lease Standards (2021-01-01) | Adjusted Item | Adjustment Amount (CNY) | | :--- | :--- | | Right-of-Use Assets | +17,504,940.80 | | Lease Liabilities | +17,504,940.80 | [Audit Report](index=15&type=section&id=(三)审计报告) The financial statements in this quarterly report are unaudited - The company's 2021 third-quarter report is unaudited[34](index=34&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,296,722,787.05, representing a 31.86% increase compared to ¥983,442,340.50 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥30,593,473.35, a decrease of 419.53% from ¥9,574,547.10 in the previous year[19]. - The net cash flow from operating activities was -¥65,785,481.22, down 157.20% from ¥115,013,825.74 in the same period last year[19]. - The basic earnings per share were -¥0.0267, a decline of 421.69% compared to ¥0.0083 in the previous year[19]. - The total comprehensive income for the first half of 2021 was -¥28,876,901.36, compared to ¥14,429,978.61 in the first half of 2020[160]. - The company reported a net profit of 475 million, which is a decrease of 4.6% year-over-year[174]. - The total comprehensive income for the period decreased by 19.53% compared to the previous year, amounting to 29.1 million yuan[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,488,327,633.68, a slight decrease of 0.30% from ¥6,507,987,939.78 at the end of the previous year[19]. - The total liabilities amounted to CNY 3,319,916,782.35, slightly up from CNY 3,292,669,714.16, indicating a marginal increase of about 0.8%[151]. - Long-term borrowings rose to ¥1,202,228,769.09, making up 18.53% of total assets, an increase of 2.29% from the previous year[48]. - The total liabilities at the end of the period were 5,892.42 million yuan, reflecting a stable financial position[182]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -65,785,481.22, a decline of 157.20% compared to the previous year[39]. - Total cash inflow from operating activities was 1,391,425,573.12 CNY, while cash outflow was 1,457,211,054.34 CNY, resulting in a net cash flow deficit[168]. - The ending balance of cash and cash equivalents was 122,408,105.41 CNY, down from 247,875,054.17 CNY in the previous period[168]. Market and Operations - The company operates 10 concrete mixing stations and 26 production lines in Hainan Province, with a designed capacity of 7.8 million cubic meters, holding a significant market share in the concrete business[29]. - The company is actively investing in prefabricated construction to adapt to modern building trends, driven by government initiatives in Hainan Province[28]. - The municipal sanitation market is expanding, with increasing investment in environmental pollution control, which is expected to boost demand for the company's services[29]. - The company has diversified its operations across four main sectors: concrete, cement, landscaping, and municipal sanitation, allowing for operational synergy and resource integration[32]. Risks and Challenges - The company faces risks including high accounts receivable, liquidity risks, and significant goodwill impairment risks[4]. - The landscaping sector faces challenges due to government regulations on real estate, impacting growth potential in the short term[29]. - The company faces risks from macroeconomic fluctuations and industry policies, particularly in the cement and concrete sectors, which could adversely affect demand[62]. Investments and Development - The company plans to expand its market presence and invest in new product development to drive future growth[173]. - The company has initiated a stock option incentive plan to enhance management motivation and align interests with shareholders, granting 19.23 million stock options at a price of 5.86 per share[71]. - Research and development expenses increased by 66.96% to CNY 18,837,736.15, reflecting the company's commitment to innovation[39]. Environmental Compliance - Jin Gang Cement's particulate matter emissions were 127.361 tons, well below the regulatory limit of 305.5124 tons, indicating compliance with environmental standards[79]. - The company has invested no less than RMB 4 million annually in environmental protection facilities, including 42 dust removal devices and 3 desulfurization systems[84]. - Jin Gang Cement's denitrification system has achieved over 60% efficiency, operating at a 100% normal running rate throughout the year[80]. Shareholder Information - The total number of shares before the recent changes was 1,147,580,518, with a reduction of 25,226,937 shares, resulting in a new total of 1,122,353,581 shares[131]. - The largest shareholder, Feng Hualing, holds 129,510,000 shares, representing 11.29% of total shares[138]. - Total number of common shareholders at the end of the reporting period is 65,877[137]. Legal and Regulatory Matters - The company reported a total of 22 new litigation cases in the first half of 2021, with a total amount involved of 34.87 million yuan[93]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[89]. - The semi-annual financial report was not audited[91].

Financial Performance - The company's operating revenue for Q1 2021 was ¥564,510,957.33, representing a 75.65% increase compared to ¥321,381,932.22 in the same period last year[7]. - The net profit attributable to shareholders was ¥2,480,037.86, a significant turnaround from a loss of ¥15,158,045.67 in the previous year, marking a 116.36% improvement[7]. - The net profit after deducting non-recurring gains and losses was ¥284,414.78, compared to a loss of ¥23,958,544.24, reflecting a 101.19% increase[7]. - Total revenue for Q1 2021 reached ¥564.51 million, a 75.65% increase compared to ¥321.38 million in Q1 2020, primarily due to increased sales of ready-mixed concrete[17]. - Operating costs rose to ¥458.88 million, an 85.27% increase from ¥247.69 million in the same period last year, driven by higher revenue and rising material prices[17]. - The company reported a significant decrease in financial expenses by 37.96%, down to ¥18.47 million from ¥29.77 million, due to lower comprehensive financing costs[18]. - The gross profit margin for the current period was approximately 3.5%, reflecting improved operational efficiency[46]. - The company reported a basic and diluted earnings per share of CNY 0.0022, compared to a loss per share of CNY 0.0132 in the previous year[47]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥128,032,445.16, a decline of 456.39% from a positive cash flow of ¥35,925,043.51 in the previous year[7]. - Cash received from sales and services amounted to ¥649.21 million, a 37.18% increase from ¥473.27 million in Q1 2020, reflecting higher operating income[20]. - Cash paid for purchasing goods and services increased by 111.55% to ¥604.58 million, up from ¥285.79 million, due to rising operating costs[20]. - Cash and cash equivalents dropped significantly to CNY 216,864,808.72 from CNY 469,567,080.54, representing a decrease of about 53.8%[36]. - The company's total assets at the end of the reporting period were ¥6,339,040,137.44, down 2.60% from ¥6,507,987,939.78 at the end of the previous year[7]. - The company's current assets decreased to CNY 2,910,518,044.86 from CNY 3,207,543,751.40, reflecting a decline of approximately 9.2%[36]. - The total cash outflow from investing activities was -129,655,968.41 CNY, compared to -98,047,060.11 CNY in the same period last year[54]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,719, with the top ten shareholders holding significant stakes, including Zhang Hailin with 12.19%[10]. - The company reported a total equity of CNY 3,217,890,066.27, slightly up from CNY 3,215,318,225.62[39]. - Total equity amounted to RMB 3,689,116,085.91 as of the end of the first quarter of 2021[66]. Investments and Projects - The company recognized a 1,448.93% increase in investment properties, totaling ¥80,348,793.35, due to the addition of rental properties[15]. - The company is actively engaged in multiple infrastructure projects across various regions, indicating a strong market expansion strategy[25]. - The cumulative revenue recognized for the ongoing projects reached 58,099.43 million yuan, with a current period revenue recognition of 2,536.49 million yuan[25]. - The company reported a cumulative completion of engineering progress for the PPP projects amounting to 84,675.85 million yuan, with a current period revenue recognition of 2,418.16 million yuan[25]. Compliance and Governance - The company has no significant contracts with major discrepancies affecting contract amounts by more than 30%[27]. - There were no instances of entrusted financial management or non-compliance with external guarantees during the reporting period[28][29]. - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[30]. - The first quarter report was not audited[67].

Financial Performance - The company's operating revenue for 2020 was CNY 2,904,059,209.47, representing a 12.70% increase compared to CNY 2,576,779,523.54 in 2019[16] - The net profit attributable to shareholders in 2020 was CNY 41,436,412.54, a significant turnaround from a loss of CNY 411,920,421.25 in 2019, marking a 110.06% improvement[16] - The net cash flow from operating activities increased by 9.65% to CNY 257,563,696.63 in 2020, compared to CNY 234,897,526.84 in 2019[16] - Basic earnings per share for 2020 were CNY 0.0360, a recovery from a loss of CNY 0.36 per share in 2019, reflecting a 110.00% increase[17] - Total assets at the end of 2020 amounted to CNY 6,507,987,939.78, up 5.63% from CNY 6,160,992,143.84 at the end of 2019[17] - The net assets attributable to shareholders increased by 0.94% to CNY 3,141,013,766.39 at the end of 2020, compared to CNY 3,111,819,194.85 at the end of 2019[17] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.1 per 10 shares, totaling CNY 114,758,051.80 based on 1,147,580,518 shares[4] - The company distributed cash dividends of RMB 11,475,805.18 for the year 2020, which is 27.69% of the net profit attributable to ordinary shareholders[135] - The total number of shares for the 2020 dividend distribution was 1,147,580,518, with a payout of RMB 0.1 per 10 shares[136] - The cash dividend amount for 2020 represents 100% of the total profit distribution[136] Business Strategy and Expansion - The company aims to expand its business in the "big infrastructure," "big ecology," and "big tourism" sectors, reflecting a strategic focus on diversified growth[26] - The company is leveraging the Hainan Free Trade Port policy to explore market opportunities and expand its concrete business[35] - The company plans to invest CNY 125 million for a 25% stake in Sanya International Cruise Development Co., aiming to expand into the cruise tourism industry[46] - The company will focus on expanding its municipal sanitation and waste disposal services, increasing market share through enhanced cooperation and bidding efforts[119] Industry Trends and Market Conditions - The construction materials industry is expected to maintain stable production and pricing, with improved economic benefits anticipated in the coming years[29] - The demand for construction materials, including cement and concrete, has slightly increased due to infrastructure and real estate investments, despite the challenges posed by the COVID-19 pandemic[28] - The environmental sanitation industry is experiencing high growth, with government policies emphasizing waste classification and rural environment improvement, indicating strong future market potential[31] - The landscaping and greening industry is experiencing growth driven by increased government investment and the rise of tourism projects, enhancing demand for related services[29] Operational Efficiency and Cost Management - The company implemented cost control measures and improved operational efficiency to mitigate the impact of the COVID-19 pandemic[43] - The company actively expanded raw material procurement channels to mitigate the impact of rising costs on gross margins[57] - The company plans to enhance customer credit management and improve receivables collection to reduce impairment risks[64] Risks and Challenges - The company has faced risks including high accounts receivable, liquidity risks, and potential impairment of goodwill, which are discussed in detail in the report[4] - The company faces risks from macroeconomic fluctuations affecting demand for concrete and cement, with strategies to adapt to market conditions[123] - The company has a high level of accounts receivable, which poses liquidity risks, and will enhance its receivables management to mitigate this[124] Corporate Governance and Compliance - The company has fulfilled all commitments made by its controlling shareholders and related parties during the reporting period[138] - The company has committed to ensuring compliance with national and local laws regarding business operations, tax, land use, environmental protection, and labor, with no significant administrative penalties since its establishment[140] - The company has established a framework for timely disclosure of related party transactions to protect the interests of its shareholders[142] Social Responsibility and Community Engagement - The company has actively participated in social responsibility initiatives, including donations for COVID-19 relief and support for vulnerable groups[194] - The company has provided a total of CNY 24,000 in scholarships to 12 impoverished college students and employed 6 registered poor households, contributing CNY 99,600 to employment assistance[200] - The company has made significant investments in environmental protection, ensuring all pollution discharge indicators comply with relevant regulations and standards[197]