广聚能源(000096) - 2025 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions This section provides important notices, lists the report's structure, and defines key terms for clarity Important Notice The company's board and management guarantee report accuracy, with no plans for dividend distribution or capital increase - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[5] Table of Contents This chapter outlines the semi-annual report's structure, listing nine main sections and their page numbers - The report's table of contents is clear, comprising nine main chapters covering company operations, financials, governance, and significant matters[8] Definitions This chapter defines common terms and company names used in the report for clarity and consistency - The report defines key entities and terms such as "the Company," "Guangju Investment Holding Group," "Kehuitong," and "Nanshan Petroleum"[11] Company Profile and Key Financial Indicators This section presents the company's basic information and key financial performance and position Company Profile This chapter provides the company's basic information, including stock name, code, legal representative, and contact details, confirming no changes Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Guangju Energy | | Stock Code | 000096 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Shenzhen Guangju Energy Co., Ltd. | | Legal Representative | Lin Weibin | | Board Secretary | Li Han | | Securities Affairs Representative | Li Ruosha | - The company's registered address, office address, website, and email address remained unchanged during the reporting period, as did the information disclosure and placement locations[15][16] Key Accounting Data and Financial Indicators Operating revenue and net profit significantly decreased, operating cash flow deteriorated, while total assets slightly increased and net assets slightly decreased Key Accounting Data and Financial Indicators (Current Reporting Period vs. Prior Year Period) | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 690,964,686.11 | 1,046,703,543.41 | -33.99% | | Net Profit Attributable to Shareholders of Listed Company | 9,325,424.13 | 22,391,013.50 | -58.35% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 1,912,304.65 | 24,250,699.21 | -92.11% | | Net Cash Flow from Operating Activities | -79,367,940.31 | -20,856,422.10 | -280.54% | | Basic Earnings Per Share (RMB/share) | 0.0177 | 0.0424 | -58.25% | | Diluted Earnings Per Share (RMB/share) | 0.0177 | 0.0424 | -58.25% | | Weighted Average Return on Net Assets | 0.33% | 0.83% | -0.50% | | Period-End Indicators | End of Current Reporting Period (RMB) | End of Prior Year (RMB) | Change from Prior Year End | | Total Assets | 3,046,730,849.29 | 3,007,990,249.44 | 1.29% | | Net Assets Attributable to Shareholders of Listed Company | 2,773,156,578.93 | 2,803,670,335.39 | -1.09% | Non-Recurring Gains and Losses Items and Amounts This chapter details non-recurring gains and losses, mainly from securities investment, fair value changes, and non-current asset disposals Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | -41,596.05 | Losses from destruction and scrapping of fixed assets and intangible assets | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains and losses from disposal of financial assets and liabilities | 10,297,367.74 | Primarily securities investment income and fair value changes of securities | | Other non-operating income and expenses apart from the above | -321,369.08 | -- | | Less: Income tax impact | 2,521,283.13 | -- | | Total | 7,413,119.48 | | Management Discussion and Analysis This section analyzes the company's business operations, financial performance, core competitiveness, and risk factors Principal Businesses Engaged by the Company During the Reporting Period The company's core businesses are refined oil, property leasing, chemical trade, and government product distribution; refined oil is the main profit source, with ongoing energy transition and new business expansion - The company's principal businesses remained unchanged, with refined oil business still being the main source of profit[25] - The company actively promotes energy structure transformation, and its wholly-owned subsidiary Guangju Yilian's Junengnan Integrated Energy Demonstration Station has been completed and put into operation, integrating "solar, storage, charging, discharging, and oil"[27][28] - The company acquired 100% equity of Aerospace Ouhua to develop government and enterprise product distribution business, successfully turning losses into profits during the reporting period with a net profit of RMB 265,500[28] - Securities investment income significantly increased by 118.94% year-on-year, providing effective support for current period profit and smoothing the impact of industry cyclical fluctuations on the company's overall profit[29] (I) Industry and Industry Status The petroleum and petrochemical industry faces wide price fluctuations due to international politics, supply-demand imbalances, and new energy alternatives, narrowing wholesale margins and reducing retail sales - The petroleum and petrochemical industry is influenced by multiple factors such as international political and economic situations, domestic policies, market supply, and economic trends, with international crude oil prices exhibiting wide and volatile fluctuations[25] - The complexity of market analysis in the domestic refined oil wholesale sector has increased, supply-demand imbalance has become normalized, industry competition has intensified, and wholesale business operating margins have narrowed[26] - New energy vehicle ownership historically reached 10%, gasoline consumption substitution ratio increased, competition among traditional gas stations intensified, and retail sales of gasoline and diesel were impacted to some extent[26] (II) Introduction to Company's Main Business Segments and Operating Performance Refined oil gross margin improved but sales declined; chemical trade faced impairment losses; government product distribution turned profitable; leasing revenue slightly decreased; and securities investment income significantly increased Refined Oil Business Operating Performance (H1 2025) | Indicator | Amount/Ratio | | :--- | :--- | | Total Sales Volume | 86,700 tons (down 14% YoY) | | Operating Revenue | RMB 652 million (down 17% YoY) | | Operating Cost | RMB 600 million (down 18% YoY) | | Comprehensive Gross Margin | 7.88% (up 0.27 percentage points YoY) | | Net Profit | RMB 19.75 million (down 16% YoY) | - The chemical trade business was affected by weak industry demand and increased credit risk upstream and downstream, leading to higher accounts receivable collection risk, with credit impairment losses recognized in the current period significantly impacting overall operating performance[28] - The government and enterprise product distribution business, through the acquisition of 100% equity in Aerospace Ouhua, optimized its management structure and strengthened risk control, achieving a net profit of RMB 265,500 during the reporting period, successfully turning losses into profits[28] - Leasing business revenue slightly declined by 3.23%, and total profit decreased by 8.40% year-on-year[29] - Securities investment income significantly increased by 118.94% year-on-year, providing effective support for current period profit[29] Analysis of Core Competitiveness The company's core competitiveness includes licensed operating qualifications, extensive gas station network, strategic land assets in Shenzhen Qianhai, and robust financial risk control - The company holds licensed operating qualifications for refined oil and hazardous chemicals, as well as for constructing and operating highway gas stations in Guangdong Province, owning 12 gas stations within Guangdong and being one of the main refined oil distributors in Shenzhen and the Pearl River Delta region[30] - The company owns 71,368.5 square meters of warehousing land in Shenzhen Qianhai, has ceased liquid