Financial Performance - The company's operating revenue for the first half of 2020 was CNY 196,771,873.49, a decrease of 18.10% compared to CNY 240,268,144.17 in the same period last year[19]. - The net profit attributable to shareholders of the listed company increased by 13.73% to CNY 34,732,314.24, compared to CNY 30,539,820.39 in the previous year[19]. - The net cash flow from operating activities surged by 864.65% to CNY 111,008,310.13, up from CNY 11,507,598.18 in the same period last year[19]. - The basic earnings per share rose to CNY 0.0822, reflecting a 13.69% increase from CNY 0.0723 in the previous year[19]. - Total revenue for the reporting period was approximately ¥196.77 million, a decrease of 18.10% from ¥240.27 million in the previous year, primarily due to the impact of the pandemic on natural gas sales[42]. - The net profit after deducting non-recurring gains and losses decreased by 15.30% to CNY 25,509,422.29 from CNY 30,117,100.98 in the same period last year[19]. - The total profit for the first half of 2020 was CNY 40,654,048.70, an increase of 15.5% from CNY 35,349,658.21 in the same period of 2019[157]. - The company reported a significant increase in other receivables, which amounted to CNY 547,187,842.00, down from CNY 599,136,303.44, indicating a decrease of about 8.7%[147]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,326,736,310.53, a slight decrease of 0.44% from CNY 1,332,580,988.14 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 3.40% to CNY 1,111,865,702.07, compared to CNY 1,075,337,782.08 at the end of the previous year[19]. - Cash and cash equivalents increased by 104,992,631.61 yuan, representing a 136.47% increase compared to the beginning of the period[31]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥181,928,347.7, a decrease of 31.25% compared to ¥563,365,334.03 from the same period last year, primarily due to non-operational fund occupation by related parties[50]. - The total liabilities decreased to CNY 166,220,050.72 from CNY 200,370,061.85, a reduction of about 17%[149]. Operational Highlights - The company’s main business includes natural gas transportation, sales, and household installation, covering various regions in Xinjiang and parts of Gansu Province[26]. - The company has established a 30-year exclusive operating right for urban pipeline gas business in its operating areas, enhancing its competitive advantage[35]. - The company’s long-distance pipeline from the Yingmaili gas field to Aksu City has reduced operational costs and improved profitability[32]. - The urbanization rate in the company's operating areas is below the national average, indicating potential growth in residential gas usage and installation[36]. - Natural gas sales volume decreased by 11.17% year-on-year, totaling 9,348,000 cubic meters compared to 10,524,000 cubic meters in the same period last year[39]. Risks and Challenges - The company is currently facing risks related to the occupation of funds by controlling shareholders and is under investigation by the China Securities Regulatory Commission[5]. - The company faces various risks, including bad debt preparation risk due to significant non-operating fund occupation by controlling shareholders, and potential penalties from regulatory bodies for information disclosure violations[76]. - The company is also exposed to operational risks due to COVID-19 control measures affecting gas station business volume and public service user development[77]. - Price control risk exists as national reforms on natural gas pricing may lead to uncertainties in sales prices across business regions, impacting future operating performance[77]. - The company is experiencing a talent shortage risk as its business diversifies, necessitating improved human resource management and incentive mechanisms[78]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has established a dual prevention system for safety production, ensuring effective implementation of safety measures and emergency response plans[40]. - The company has not conducted an audit for its half-year financial report[88]. - The company has experienced changes in its board of directors, with Zhou Jidong resigning as chairman on April 29, 2020, due to being deemed an inappropriate candidate[140]. - The company appointed Zhang Yunfeng as the new chairman on July 13, 2020, following the resignation of Zhou Jidong[140]. Legal Matters - The company reported a total compensation amount of RMB 1,801,169.92, including principal and interest, related to a construction contract dispute[91]. - The company has a pending lawsuit where it is required to pay RMB 661.83 million related to a construction contract dispute[91]. - The company has been involved in a legal dispute with Gansu First Installation Engineering Co., Ltd., with a total claim amount of RMB 3,069,815.86[91]. - The company’s bank account was frozen with an amount of RMB 85,480,000 due to a lawsuit involving its affiliate, Xinjiang Youbang[94]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 26,834[127]. - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, totaling 12,038,400 shares[127]. - The second-largest shareholder, Aksu Shengwei Industrial Investment Co., Ltd., holds 22.50% of the shares, totaling 9,504,000 shares[127]. - The total number of shares outstanding is 422,426,800[126]. - The company does not have any preferred shares or convertible bonds during the reporting period[133][136].

1 证券代码：002700 证券简称：ST 浩源 公告编号：2020-039 新疆浩源天然气股份有限公司关于参加 2020 年 新疆辖区上市公司投资者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、准确和完整，没有虚 \n假记载、误导性陈述或重大遗漏。 | | | | | | 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 | | | 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2020 年 6 | 月 24 | | 日下午 15:00 ─ 17:30 | 参加由新疆上市公司协会联合深圳市全景网络有限公司组 | | 织开展的 2020 如下： | 年新疆辖区上市公司投资者集体接待日活动。现将有关事项公告 | ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥102,698,605.59, a decrease of 26.28% compared to ¥139,306,050.28 in the same period last year[8] - Net profit attributable to shareholders was ¥17,008,702.08, representing a 2.82% increase from ¥16,542,720.35 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥11,671,670.95, down 28.19% from ¥16,253,997.96 in the previous year[8] - Operating revenue decreased by 26.28% to ¥102,698,605.59, primarily due to a decline in natural gas sales volume impacted by the pandemic[17] - Operating costs fell by 27.75% to ¥78,009,380.68, also attributed to the decrease in natural gas sales volume[17] - The net cash flow from operating activities was ¥73,982,968.29, a significant increase of 1,894.08% compared to -¥4,123,723.29 in the same period last year[8] - Basic and diluted earnings per share were both ¥0.0403, up 2.81% from ¥0.0392 year-on-year[8] - The total comprehensive income for the current period is CNY 16,420,655.03, compared to CNY 16,026,675.07 in the previous period, showing a slight increase[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,313,339,576.02, a decrease of 1.44% from ¥1,332,580,988.14 at the end of the previous year[8] - The total current assets decreased to ¥795,616,449.72 from ¥810,777,494.91, a decline of about 1.9%[37] - The total liabilities decreased to ¥171,198,075.07 from ¥200,370,061.85, a reduction of about 14.5%[39] - The company's accounts receivable decreased to ¥28,908,031.49 from ¥31,778,243.18, a decline of approximately 8.7%[37] - The inventory decreased to ¥25,523,587.40 from ¥35,425,554.11, representing a decrease of about 28.0%[37] - The company's total equity attributable to shareholders reached CNY 1,093,453,771.77, up from CNY 1,075,337,782.08[42] Cash Flow - Cash and cash equivalents increased by 91.70% to ¥147,483,888.79 due to the recovery of loans and interest from Xinjiang Youbang[16] - Cash and cash equivalents at the end of the period amount to CNY 147,483,888.79, up from CNY 590,447,520.99 at the beginning of the period[56] - The net cash flow from operating activities is CNY 73,982,968.29, a significant improvement from a negative cash flow of CNY -4,123,723.29 in the previous period[55] - Total cash inflow from operating activities amounted to 158,943,570.03 yuan, while cash outflow was 69,560,454.90 yuan, resulting in a net cash inflow[58] - The cash flow from investment activities was negative at -614,042.63 yuan, compared to -16,363,321.68 yuan in the previous period, indicating reduced investment losses[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,150[12] - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, with 90,288,000 shares pledged[12] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥5,337,031.13 for the reporting period[10] - Long-term equity investments increased by ¥2,041,385.76 following the loss of control over a subsidiary after transferring 31% equity[16] - Financial expenses decreased by 36.03% to -¥5,987,759.74 due to increased interest on loans from related parties[17] - Employee compensation payable decreased by 67.08% to ¥4,431,458.32 after the payment of salaries and bonuses from the previous period[16] - Special reserves increased by 99.13% to ¥3,434,781.57 due to an increase in the balance of special reserves accrued during the period[16] Reporting and Compliance - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[67] - The company has adopted new revenue and lease standards starting from 2020, which may impact future financial reporting[60] - The company has not conducted any investor communications or interviews during the reporting period[32]

Financial Performance - The company's operating revenue for 2019 was CNY 518,740,042.38, representing a 25.90% increase compared to CNY 412,032,815.71 in 2018[17]. - The net profit attributable to shareholders for 2019 was CNY 70,138,159.50, a slight increase of 0.55% from CNY 69,757,695.88 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 7.15% to CNY 63,815,188.23 from CNY 68,728,236.44 in 2018[17]. - The net cash flow from operating activities for 2019 was negative CNY 528,764,141.99, a significant decline of 760.42% compared to CNY 80,064,502.96 in 2018[17]. - The total assets at the end of 2019 amounted to CNY 1,332,580,988.14, reflecting a 6.97% increase from CNY 1,245,804,389.57 at the end of 2018[17]. - The net assets attributable to shareholders increased by 5.76% to CNY 1,075,337,782.08 from CNY 1,016,802,075.40 in 2018[17]. - The basic earnings per share remained unchanged at CNY 0.17 in both 2019 and 2018[17]. - The weighted average return on equity for 2019 was 6.44%, down from 6.98% in 2018[17]. Revenue Breakdown - The urban gas sector accounted for 87.43% of total operating revenue, generating 453,521,148.04 yuan, up 14.34% from the previous year[46]. - The company reported a 32.20% increase in sales of vehicle gas, reaching 246,101,045.43 yuan in 2019 compared to 186,161,192.45 yuan in 2018[46]. - The company's revenue from the urban gas industry reached ¥453,521,148.04, representing a year-on-year growth of 28.57%[49]. - The sales volume of urban gas was 21,695.14 million cubic meters, with a production volume of 22,023.28 million cubic meters, marking a 16.58% increase[50]. Cash Flow and Investments - The company experienced a significant decrease in cash funds, which fell by 53,009,000 yuan, a reduction of 87.33% due to non-operating fund occupation[34]. - The total investment in 2019 was ¥13,000,000.00, a 95.74% decrease from ¥305,000,000.00 in the previous year[66]. - The company reported a significant increase in R&D expenses, totaling ¥4,595,508.49, which is a 161.66% increase compared to the previous year[56]. - The company has established a new subsidiary, Karamay Haoyuan Energy Research Institute, with an investment of ¥13,000,000, fully owned by the company[52]. Operational Challenges - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[5]. - The company reported a total of 59,717.51 million in non-operating fund occupation, which accounts for 52.24% of the latest audited net assets[116]. - The company acknowledged significant internal control deficiencies regarding the approval process for non-operating fund occupation[116]. - The company has faced disciplinary actions from the Shenzhen Stock Exchange and the China Securities Regulatory Commission due to the failure to repay non-operating funds[116]. Market and Industry Outlook - The natural gas industry is expected to see continuous growth due to favorable policies and urbanization trends, with no significant cyclical characteristics[32]. - The company plans to leverage the economic development and urbanization in Xinjiang to expand its market presence, particularly in areas with lower urbanization rates[38]. - The company plans to sell 21 million cubic meters of natural gas in 2020, with a 4.65% decrease in vehicle gas sales and a 2.09% decrease in residential gas sales compared to the previous year[95]. Shareholder and Governance - The company has consistently adhered to its profit distribution policy, ensuring compliance with regulations and protecting minority shareholders' rights[103]. - The cash dividend policy is designed to share the company's operational results with all shareholders while considering cash flow planning[103]. - The company reported a positive net profit attributable to ordinary shareholders, with a cash dividend distribution plan of CNY 0.35 per 10 shares, totaling CNY 14,784,940.80[108]. - The company ensures equal rights for all shareholders, particularly minority shareholders, during shareholder meetings[200]. Employee and Management Structure - The total number of employees in the company is 549, with 404 in the parent company and 145 in major subsidiaries[193]. - The company has established a salary and welfare management system based on local living standards and operational conditions[195]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 585.61 million yuan[192]. - The company has implemented a broad salary system that includes position salary, performance salary, and benefits, ensuring fair and just salary distribution[195].

Financial Performance - Operating revenue for the reporting period was CNY 121,852,038.83, representing a year-on-year increase of 46.74%[7] - Net profit attributable to shareholders was CNY 27,024,016.57, a significant increase of 90.55% compared to the same period last year[7] - Basic earnings per share for the reporting period was CNY 0.0640, up 90.48% year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 26,883,261.57, up 99.48% year-on-year[7] - Total operating revenue for Q3 2019 reached CNY 121,852,038.83, an increase of 46.8% compared to CNY 83,040,024.37 in the same period last year[36] - Net profit for Q3 2019 was CNY 26,512,049.45, representing a growth of 93.5% from CNY 13,687,002.49 in Q3 2018[37] - The total comprehensive income for the third quarter was CNY 27,024,016.57, compared to CNY 14,182,356.87 in the same quarter last year, reflecting a growth of 90.5%[40] - The company reported a total profit of CNY 33,389,751.93 for the third quarter, up from CNY 17,206,876.26, representing a growth of 94.5%[40] - The net profit for the year-to-date period was CNY 55,663,268.45, up from CNY 45,206,043.63, reflecting a growth of 23.5%[45] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,285,616,423, an increase of 3.20% compared to the end of the previous year[7] - Total assets increased to ¥1,285,616,423.00 from ¥1,245,804,389.57, reflecting overall growth in the company's financial position[27] - Total liabilities decreased to ¥168,571,326.22 from ¥180,837,087.78, indicating improved financial stability[28] - The company's total liabilities were CNY 153,783,913.29, compared to CNY 137,604,656.24 in the same period last year, reflecting an increase of 11.7%[33] - Current assets increased to CNY 486,617,573.54, a rise of 17.6% from CNY 413,792,662.20 in the previous year[32] Cash Flow - The net cash flow from operating activities was CNY 47,861,712.66, a decrease of 4.48% compared to the previous year[7] - Cash flow from operating activities decreased by 20.75% to ¥59,369,310.84, primarily due to a reduction in cash received related to operating activities[17] - Operating cash inflow for the current period was CNY 338,294,361.35, a decrease of 42.1% compared to CNY 584,232,962.57 in the previous period[57] - Net cash flow from operating activities increased to CNY 72,513,888.94, up 32.3% from CNY 54,786,312.41 year-on-year[57] - Cash outflow from investment activities totaled CNY 21,417,847.27, significantly reduced from CNY 445,713,898.36 in the previous period[57] - The company reported a net increase in cash and cash equivalents of CNY 58,410,330.17, contrasting with a decrease of CNY 174,724,394.52 in the previous period[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,869[11] - The largest shareholder, Zhou Jidong, holds 28.50% of the shares, amounting to 120,384,000 shares[11] Operating Costs - Operating costs increased by 48.09% to ¥253,398,146.11, due to higher natural gas sales volume and rising average purchase prices[17] - The total operating costs for the third quarter were CNY 60,305,783.93, which is an increase from CNY 53,471,235.38 in the previous year, indicating a rise of 12.9%[40] - The operating costs for the third quarter were ¥209,003,589.91, which is an increase from ¥162,165,457.55 in the same period last year[48] Research and Development - The company incurred research and development expenses of CNY 2,044,999.26 for the year-to-date period, indicating ongoing investment in innovation[43] - The company reported a significant increase in research and development expenses, although specific figures were not disclosed[49] Financial Management - The weighted average return on equity was 2.60%, an increase of 1.20% from the previous year[7] - The company reported a significant decrease in financial expenses, with a net financial income of CNY -1,242,727.92, compared to CNY -5,153,810.73 in the previous year[36] - The financial expenses for the third quarter showed a significant reduction, with a net financial cost of CNY -912,925.04 compared to CNY -2,919,000.79 in the previous year, indicating improved financial management[40] Miscellaneous - The company did not undergo an audit for the third quarter report[59] - The company has not applied new financial instrument standards or new revenue standards for the current reporting period[59] - The company’s cash outflow for financing activities remained stable at CNY 12,672,806.40, unchanged from the previous period[58] - The company raised ¥8,350,000.00 from minority shareholders during the financing activities, compared to ¥850,000.00 in the previous year[54]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 240,268,144.17, representing a 38.56% increase compared to CNY 173,405,100.30 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 3.97% to CNY 30,539,820.39 from CNY 31,801,239.12 year-on-year[17]. - The total profit amounted to 35.35 million yuan, reflecting a decrease of 6.53% year-on-year[39]. - The basic earnings per share for the first half of 2019 was CNY 0.0723, down 3.98% from CNY 0.0753 in the same period last year[17]. - The total comprehensive income for the first half of 2019 was approximately CNY 32.58 million[164]. - The total profit for the first half of 2019 was CNY 35,349,658.21, down from CNY 37,818,026.06 in the previous year, reflecting a decline of approximately 6.5%[139]. Cash Flow and Assets - The net cash flow from operating activities dropped significantly by 53.62% to CNY 11,507,598.18 compared to CNY 24,809,248.28 in the previous year[17]. - Cash inflow from operating activities was CNY 254,732,460.23, compared to CNY 553,335,184.56 in the first half of 2018, indicating a significant decrease[145]. - Cash and cash equivalents at the end of the reporting period amounted to ¥563,365,334, representing 44.96% of total assets, a decrease of 6.69% compared to the previous year[54]. - The total assets at the end of the reporting period were CNY 1,253,128,822.41, a slight increase of 0.59% from CNY 1,245,804,389.57 at the end of the previous year[17]. - The company's current assets totaled CNY 718,463,072.65, slightly up from CNY 700,174,211.94 at the end of 2018, with cash and cash equivalents at CNY 563,365,334.03[128]. Operating Costs and Expenses - Operating costs rose to RMB 177,829,149.62, a 54.73% increase compared to the previous year, primarily driven by higher natural gas sales volume and increased average procurement prices[47]. - The gross profit margin for the urban gas industry was 27.32%, a decrease of 6.40% compared to the previous year, attributed to rising procurement costs[51]. - Operating costs rose by 35.9% year-on-year, with the increase in costs outpacing revenue growth, attributed to rising upstream natural gas procurement prices[52]. - The company's fixed assets decreased by 4.29%, primarily due to depreciation[31]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Kuqa Haoyuan Natural Gas Pipeline Distribution Co., with an initial capital of 50 million RMB, focusing on natural gas investment and pipeline distribution[69]. - Major subsidiaries contributing over 10% to net profit include Shanghai Yuanhan Energy Technology Co., Ltd. and Gansu Haoyuan Natural Gas Co., Ltd., with the latter reporting a net loss of ¥921,946.97[66]. - The company’s subsidiary, Shanghai Yuanhan Energy Technology Co., Ltd., was established to deepen the development of the natural gas industry in Xinjiang[43]. Risk Management - The company faces potential risks and has outlined measures to address these risks in its report[5]. - The company faces risks including policy changes affecting natural gas pricing, which could compress profit margins due to capped allowable returns on core business operations[72]. - Rising costs and declining gross margins are anticipated due to increasing employee salaries, aging infrastructure maintenance costs, and heightened security requirements in the Xinjiang region[72]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The total number of shares is 422,426,800, with 25.87% being restricted shares and 74.13% being unrestricted shares[109]. - Major shareholders include Zhou Jidong with 28.50% and Akesu Shengwei Investment Co., Ltd. with 22.50%, both of which have pledged their shares[111]. Compliance and Governance - There are no major litigation or arbitration matters affecting the company during the reporting period, indicating a stable legal environment[85]. - The company has not reported any penalties or rectification measures during the reporting period, indicating compliance with regulations[88]. - The company has confirmed that there are no conflicts of interest with its controlling shareholders, ensuring alignment of interests[82]. Research and Development - Research and development expenses amounted to RMB 2,044,999.26, mainly due to equipment and process development projects at Hangzhou Teying Energy Technology Development Co., Ltd.[48]. - The company established a new energy research institute in Karamay, indicating a focus on innovation and development[167]. Market and Sales Performance - The company achieved natural gas sales of 10,524,000 cubic meters, an increase of 17.97% compared to 8,921,000 cubic meters in the same period last year[39]. - Natural gas sales revenue increased by 22.35% year-on-year, primarily due to a 17.97% increase in sales volume[52].

1 证券代码：002700 证券简称：新疆浩源 公告编号：2019-028 新疆浩源天然气股份有限公司关于参加 2019 年 新疆辖区上市公司投资者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、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2019 年 7 月 26 日下午 15:00─17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司组 织开展的 2019 年新疆辖区上市公司投资者集体接待日活动。现将有关事项公告 如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参与 公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 26 日（星期五）15:00 至 17:30。 出席本次集体接待日的人员有：公司总经理冷新 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥139,306,050.28, representing a 37.64% increase compared to ¥101,212,977.07 in the same period last year[8] - The net profit attributable to shareholders decreased by 22.93% to ¥16,542,720.35 from ¥21,463,545.57 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 24.35% to ¥16,253,997.96 compared to ¥21,484,800.10 in the previous year[8] - The basic earnings per share decreased by 22.83% to ¥0.0392 from ¥0.0508 in the previous year[8] - The net profit for the first half of 2019 decreased by over 50% year-on-year, with a range of net profit attributable to shareholders of the listed company from 19.08 million to 28.62 million yuan[23] - The net profit for the first half of 2018 was 31.80 million yuan, indicating a significant decline in profitability[23] - The net profit for the current period was ¥17,435,590.87, down about 15% from ¥20,517,014.88 in the previous period[46] - The basic earnings per share decreased to ¥0.0413 from ¥0.0486 in the previous period, reflecting a decline of approximately 15%[47] - The company reported a total operating profit of ¥20,504,696.24, down from ¥24,159,564.01 in the previous period, indicating a decrease of about 15%[46] Cash Flow - The net cash flow from operating activities improved significantly, showing a net inflow of ¥4,123,723.29 compared to a net outflow of ¥329,366,036.13 in the same period last year, marking a 98.75% improvement[8] - The net cash flow from operating activities improved significantly, with a net outflow of ¥4,123,723.29, a 98.75% reduction compared to a net outflow of ¥329,366,036.13 in the previous year[17] - The operating cash flow generated was negative at -¥4,123,723.29, an improvement from -¥329,366,036.13 in the previous period[50] - The total cash inflow from operating activities was ¥133,965,075.31, compared to ¥103,068,701.31 in the previous period, marking an increase of approximately 30%[50] - The cash outflow from operating activities was ¥138,088,798.60, significantly lower than ¥432,434,737.44 in the previous period, indicating a reduction in cash outflow[50] - The net cash flow from operating activities was -6,124,909.10 CNY, an improvement from -138,736,001.96 CNY in the same period last year[54] - Total cash inflow from operating activities was 116,917,133.33 CNY, compared to 95,464,666.13 CNY in the previous year, representing an increase of approximately 22.5%[54] - Cash outflow from operating activities totaled 123,042,042.43 CNY, down from 234,200,668.09 CNY year-over-year, indicating a reduction of about 47.5%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,245,241,514.34, a slight decrease of 0.05% from ¥1,245,804,389.57 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.81% to ¥1,035,245,345.52 from ¥1,016,802,075.40 at the end of the previous year[8] - As of March 31, 2019, total current assets amounted to 709.58 million yuan, slightly up from 700.17 million yuan at the end of 2018[32] - The total liabilities as of March 31, 2019, were 155.30 million yuan, down from 180.84 million yuan at the end of 2018[34] - The total assets as of March 31, 2019, were 1.25 billion yuan, showing a slight decrease from 1.25 billion yuan at the end of 2018[34] - The company's cash and cash equivalents decreased to 595.30 million yuan from 607.03 million yuan at the end of 2018[31] - The total current assets decreased to CNY 407.61 million from CNY 413.79 million at the end of 2018[37] - The total current liabilities decreased to CNY 114.36 million from CNY 137.35 million at the end of 2018[38] - Cash and cash equivalents as of March 31, 2019, were CNY 328.67 million, down from CNY 351.16 million at the end of 2018[36] - The company’s total equity as of March 31, 2019, was CNY 1,061.49 million, an increase from CNY 1,042.32 million at the end of 2018[39] Expenses and Costs - Operating costs increased by 59.02% to ¥107,974,906.82, primarily due to higher natural gas sales volume and increased upstream natural gas purchase prices[16] - Management expenses surged by 161.85% to ¥7,513,002.23, attributed to increased management costs at subsidiaries[16] - The total amount of prepaid expenses increased by 47.67% to ¥28,538,648.84, due to higher prepayments for procurement materials and project costs[15] - The company's tax payable decreased by 45.60% to ¥2,775,270.42, as a result of tax payments made during the period[15] - The special reserve increased significantly by 299.87% to ¥2,534,337.50, reflecting the accumulation of special reserves during the reporting period[15] Market Conditions - Natural gas prices have been rising since June 10, 2018, with non-residential gas prices increasing by 20%, 30%, and 37% during the heating period from November 2018 to March 2019[23] - The company's procurement costs for natural gas have increased due to upstream price adjustments, while residential sales prices have not been adjusted, leading to continuous profit decline[23] Corporate Governance - The company is committed to avoiding any industry competition and has made formal commitments to this effect[21] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company did not undergo an audit for the first quarter report[56] - The company has not applied new financial instrument standards or new revenue standards for the first quarter[56]

Financial Performance - The company's operating revenue for 2018 was CNY 412,032,815.71, representing a 12.98% increase compared to CNY 364,687,555.25 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 69,757,695.88, a decrease of 7.94% from CNY 75,773,759.99 in 2017[16] - The net cash flow from operating activities decreased by 26.33% to CNY 80,064,502.96 in 2018, down from CNY 108,684,280.89 in 2017[16] - The basic earnings per share for 2018 was CNY 0.17, a decline of 5.56% from CNY 0.18 in 2017[16] - The net profit after deducting non-recurring gains and losses was CNY 68,728,236.44, a decrease of 7.79% from CNY 74,531,585.57 in 2017[16] - The company reported a weighted average return on equity of 6.98% for 2018, down from 8.15% in 2017[16] - The company reported a net profit attributable to ordinary shareholders of RMB 527,616,573.93 for the fiscal year 2018, with a cash dividend distribution plan of RMB 12,672,806.40, representing 18.17% of the net profit[88] - The company aims to achieve a net profit attributable to shareholders of 64.78 million yuan in 2019[76] Assets and Liabilities - Total assets at the end of 2018 amounted to CNY 1,245,804,389.57, reflecting a 10.69% increase from CNY 1,125,490,983.54 at the end of 2017[16] - The net assets attributable to shareholders increased by 5.80% to CNY 1,016,802,075.40 at the end of 2018, compared to CNY 961,047,094.02 at the end of 2017[16] - As of the end of 2018, cash and cash equivalents amounted to ¥607,028,023.1, representing 48.73% of total assets, a decrease of 2.26% from the previous year[57] - Accounts receivable increased to ¥29,848,883.35, accounting for 2.40% of total assets, up by 0.49% compared to 2017[57] - Inventory rose to ¥36,485,834.70, making up 2.93% of total assets, an increase of 1.13% year-over-year[57] - Fixed assets decreased to ¥381,315,914.4, representing 30.61% of total assets, down by 5.54% from the previous year[57] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares, totaling CNY 12,672,806.40 based on 422,426,880 shares[5] - A cash dividend of RMB 0.30 per 10 shares was proposed, with a total cash dividend amounting to RMB 12,672,806.40, which constitutes 100% of the profit distribution[88] - The company reported a cash dividend of RMB 0.30 per share for the 2018 fiscal year, totaling RMB 12,672,806.40, which represents 18.17% of the net profit attributable to shareholders[83] Business Operations - The company has not changed its main business since its listing[16] - The company has maintained its core business in natural gas distribution and sales, covering regions in Xinjiang and parts of Gansu Province[26] - The natural gas sales volume is driven by downstream demand, with the company sourcing gas primarily from PetroChina[27] - The company has a unique advantage with its self-built 148 km long-distance gas pipeline, which reduces operational costs and enhances profitability[33] - The company anticipates continued growth in natural gas sales due to favorable policies and urbanization trends[30] - The company has secured a 30-year exclusive franchise for urban gas supply in its operating regions, ensuring long-term market presence[35] Regulatory and Compliance Issues - The company faced rising costs due to increased gas purchase costs and rigid growth in employee compensation, impacting overall profitability[78] - The company is experiencing a talent shortage risk as its business diversifies, leading to increased demand for skilled personnel[78] - The company has acknowledged the impact of regulatory penalties on its reputation but stated that it has not affected operational performance[80] - The company is under scrutiny from the China Securities Regulatory Commission for potential violations, with fines ranging from 50,000 to 250,000 yuan for different executives[107] - The company has been publicly criticized by the Shenzhen Stock Exchange for its handling of regulatory compliance issues[106] Research and Development - Research and development expenses for the year were ¥1,756,302.45, which is a decrease of 13.00% compared to the previous year[52] - The number of R&D personnel increased by 20.00% to 24, representing 4.36% of the total workforce[52] - The company is developing a new nitrogen production process aimed at improving efficiency and reducing energy consumption[52] - The company has initiated multiple R&D projects, including a software for gas separation device design, to enhance operational efficiency[50] Market and Growth Strategy - The company plans to enhance its internal control systems and budget management to ensure cost efficiency and operational effectiveness[76] - The company is focusing on expanding its market presence outside Xinjiang and integrating cross-regional industries[75] - The company plans to invest up to CNY 50 million to purchase real estate to enhance operational efficiency in the Xinjiang region[117] - A strategic acquisition of a local competitor is being considered to enhance operational capabilities and market reach[168] Governance and Management - The company has established a safety production supervision mechanism and received a secondary certification for safety production standardization in 2018[39] - The company’s board of directors includes members with extensive backgrounds in construction, finance, and management, enhancing its operational capabilities[158][159][160][161] - The company’s independent directors include professionals with qualifications in accounting and finance, contributing to governance and oversight[160][161] - The management team has been restructured to improve efficiency, with a focus on enhancing customer service and support[168] Employee and Labor Relations - The total number of employees in the company is 550, with 427 in the parent company and 123 in major subsidiaries[175] - The company has established a comprehensive employee training program, including onboarding and skills enhancement[175] - The company has implemented a broad salary system that includes base pay, performance pay, and benefits[174] Environmental and Social Responsibility - The company has committed to social responsibility initiatives, including environmental protection and poverty alleviation efforts[131][128] - The company has not faced any environmental penalties or pollution incidents during its operational period[131]

新疆浩源天然气股份有限公司 2018 年第三季度报告正文 证券代码：002700 证券简称：新疆浩源 公告编号：2018-085 新疆浩源天然气股份有限公司 2018 年第三季度报告正文 1 新疆浩源天然气股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周举东、主管会计工作负责人张歌伟及会计机构负责人(会计主 管人员)张园园声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆浩源天然气股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,199,352,552.29 | | 1,125,490,983.54 | 6.56% | ...