NSWRC(SH:600165)2019-04-25 16:00Financial Performance - In 2018, the company's operating revenue was CNY 552,087,908.80, a decrease of 55.76% compared to CNY 1,247,939,683.41 in 2017[20] - The net profit attributable to shareholders of the listed company for 2018 was CNY 9,400,612.25, down 75.41% from CNY 38,230,180.78 in 2017[20] - The net cash flow from operating activities was CNY -180,306,340.50, a decline of 255.84% compared to CNY 115,700,007.34 in 2017[20] - Basic earnings per share decreased by 75.00% to CNY 0.014 from CNY 0.056 in the previous year[21] - The weighted average return on equity fell by 3.514 percentage points to 1.084% from 4.598% in the previous year[21] - The company achieved operating revenue of CNY 220.76 million in 2018, an increase of 16.52% compared to the previous year, and a net profit of CNY 7.04 million, up 82.28% year-on-year[35] - The trade subsidiary, Hengli Guomao, generated operating revenue of CNY 403.61 million and a net profit of CNY 4.86 million during the reporting period[35] - The company’s investment income from affiliated financial institutions was CNY 42.13 million, a year-on-year increase of 3.88%[35] Assets and Liabilities - As of the end of 2018, the total assets amounted to CNY 2,180,704,990.26, a decrease of 5.15% from CNY 2,299,043,963.84 at the end of 2017[20] - The net assets attributable to shareholders of the listed company were CNY 870,732,498.54 at the end of 2018, an increase of 0.92% from CNY 862,821,337.40 at the end of 2017[20] - Total liabilities increased to CNY 1,549,581,520.21 in 2018 from CNY 1,370,565,548.43 in the previous year, representing a growth of 13.1%[174] - Total equity rose to CNY 874,485,016.39 in 2018, compared to CNY 839,499,389.07 in the previous year, marking an increase of 4.2%[174] - The company’s total assets reached CNY 2,424,066,536.60 in 2018, up from CNY 2,210,064,937.50 in the previous year, indicating a growth of 9.7%[174] Cash Flow - The net cash flow from operating activities turned negative at -CNY 180,306,340.50 compared to a positive CNY 115,700,007.34 in the previous period[184] - Cash outflow for operating activities was CNY 802,837,358.93, compared to CNY 1,186,642,136.71 in the previous period, indicating a reduction of about 32.3%[184] - Cash outflow for financing activities totaled CNY 575,997,125.13, down from CNY 2,442,600,880.66, a decrease of approximately 76.4%[185] Research and Development - Total R&D investment was ¥711,509.39, accounting for 0.13% of operating revenue[48] - Research and development expenses for 2018 were ¥711,509.39, a decrease of 34.1% from ¥1,080,953.41 in the previous year[177] Legal and Compliance Issues - The audit report issued by the accounting firm included a reserved opinion, which the board has explained in detail[4] - The company is involved in significant litigation regarding the breach of performance commitments, with claims for damages against Xu Xiaochun[88] - The company has incurred legal fees of CNY 1,335,421 related to the lawsuit, which it is required to bear[91] - The company has filed for the revocation of an arbitration ruling and has received a suspension of execution from the Wuxi Intermediate Court[92] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 42,516, an increase from 40,081 at the end of the previous month[112] - The major shareholder, Shanghai Zhongneng Enterprise Development (Group) Co., Ltd., holds 200 million shares, accounting for 29.20% of the total share capital[115] - The company has no convertible bonds issued or any changes in convertible bond holders during the reporting period[108] Environmental and Social Responsibility - The company and its subsidiary, Ningxia Huahui, are not listed as key pollutant discharge units by the Ningxia Environmental Protection Department for 2018[106] - Ningxia Huahui has made continuous investments in environmental protection, ensuring compliance with the emission standards for air pollutants in the coal-based activated carbon industry[106] - The company has provided financial support to 118 employees in need, distributing a total of 87,000[105] Management and Governance - The management team consists of experienced professionals with backgrounds in various industries, enhancing the company's strategic capabilities[128] - The company has maintained a consistent board of directors with no changes in key positions during the reporting period[127] - The company has established a system for managing insider information to prevent insider trading and ensure fair information disclosure[141]