NBTP(SH:600982)2019-02-19 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 154,456,826.28 in 2018, representing a 60.91% increase compared to RMB 95,989,916.21 in 2017[5]. - Total operating revenue for 2018 was RMB 1,741,001,362.31, an increase of 11.76% from RMB 1,557,826,143.06 in 2017[21]. - The basic earnings per share increased to RMB 0.2068, up 60.93% from RMB 0.1285 in the previous year[22]. - The net profit after deducting non-recurring gains and losses increased by 284.36%, mainly due to profit increases from subsidiaries[23]. - The company reported a significant increase in investment income due to the disposal of available-for-sale financial assets[23]. - The company achieved operating revenue of 1.741 billion RMB, representing a year-on-year growth of 11.76%[39]. - The net profit attributable to shareholders of the listed company was 154.46 million RMB, an increase of 60.91% year-on-year[39]. - The company reported a total revenue of 364.51 million for the year 2018[132]. - The total comprehensive income for the year was RMB 90,561,164.60, down from RMB 126,725,154.66, indicating a decrease of 28.5%[195]. - Investment income rose to RMB 167,040,207.91, compared to RMB 99,851,585.82, an increase of 67.5%[194]. Assets and Liabilities - The company's total assets reached RMB 4,822,289,587.53, reflecting an 11.11% increase from RMB 4,339,944,459.97 in 2017[21]. - The company's net assets attributable to shareholders rose to RMB 2,551,250,198.74, a 1.74% increase from RMB 2,507,608,965.15 in 2017[21]. - Current liabilities rose to ¥1,523,442,961.68, up from ¥1,095,740,897.33, indicating a significant increase of about 38.9%[191]. - Total liabilities increased to ¥1,981,846,924.01 from ¥1,621,298,561.05, marking a rise of about 22.2%[189]. - Total equity attributable to shareholders rose to ¥2,551,250,198.74 from ¥2,507,608,965.15, showing a modest increase of approximately 1.7%[190]. Cash Flow - The net cash flow from operating activities decreased by 90.40% to RMB 17,919,925.26, primarily due to an increase in inventory[23]. - The net cash flow from investing activities was -355.06 million RMB, a decline from -267.65 million RMB year-on-year, indicating increased cash outflows related to investment activities[54]. - The net cash flow from financing activities decreased by 44.84%, totaling 378.55 million RMB compared to 686.26 million RMB in the previous year[54]. - Cash and cash equivalents decreased significantly to ¥224,317,001.83 from ¥531,946,616.31, a decline of about 57.8%[191]. Operational Highlights - The company sold 3.8531 million tons of steam, which is a year-on-year increase of 2.16%[39]. - The total electricity generated was 169 million kWh, a decrease of 16.69% compared to the previous year[39]. - The production volume of self-produced steam was 162.18 thousand tons, reflecting an increase of 11.96% year-on-year, while sales volume was 154.23 thousand tons, up 11.10%[46]. - The company completed the construction of three boilers and two turbines, achieving a total steam supply of 675,000 tons[37]. - The company expanded its energy business with projects in Jiangxi, Hunan, and Anhui provinces, enhancing its influence in the energy sector[37]. Financial Management - The company reported a significant increase in financial expenses, with interest expenses rising to RMB 38,524,550.43 from RMB 23,280,367.73, a growth of 65.5%[194]. - The company has a total guarantee amount of CNY 23,296,840, which accounts for 8.20% of the company's net assets[98]. - The company has entrusted cash asset management with a total of CNY 2,040,000,000, with an outstanding balance of CNY 820,000,000[100]. - The company raised a total of 100 million in financial products with an interest rate of 4.45%[106]. Governance and Compliance - The company has a strong governance structure with independent directors and a diverse management team[135]. - The company’s governance structure complies with the requirements of the Company Law and the China Securities Regulatory Commission, ensuring clear responsibilities among shareholders, the board, and management[148]. - The company’s board of directors actively fulfilled their responsibilities, with all directors attending 16 board meetings during the year[150]. - The company has maintained a stable leadership team, ensuring continuity in its strategic direction[135]. Environmental Responsibility - The company invested approximately 13.22 million RMB in environmental protection, focusing on operational expenses such as environmental taxes and pollution fees[115]. - The compliance rate for sulfur dioxide, smoke, and nitrogen oxides emissions reached 99% for the year[115]. - The company reported a total emission of 3.1 tons of smoke, 17.7 tons of sulfur dioxide, and 60.3 tons of nitrogen oxides, all within regulatory limits[114]. Shareholder Information - The total number of ordinary shareholders increased from 40,952 to 41,268 during the reporting period[120]. - The largest shareholder, Ningbo Development Investment Group Co., Ltd., holds 30.67% of the shares, totaling 229,094,597 shares[123]. - The company has not disclosed any major litigation or arbitration matters during the reporting period[87].