HBIS Resources (SZ:000923)2019-04-29 16:00Financial Performance - The company's operating revenue for 2018 was CNY 4,971,976,123.66, a decrease of 7.95% compared to the previous year[25]. - The net profit attributable to shareholders of the listed company was CNY 134,147,815.17, down 44.33% year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 170.59% to CNY 87,966,056.89[25]. - The net cash flow from operating activities was CNY 610,931,646.41, a decline of 51.08% compared to the previous year[25]. - The total assets at the end of 2018 were CNY 12,383,360,722.04, representing a decrease of 8.80% from the previous year[25]. - The basic earnings per share for 2018 was CNY 0.2055, a decrease of 55.98% year-on-year[25]. - The weighted average return on equity was 2.08%, down from 4.10% in the previous year[25]. - The company reported a net profit of CNY 62,217,518.59 in the fourth quarter of 2018, showing a significant increase compared to previous quarters[30]. - In 2018, the company achieved total revenue of CNY 4.97 billion, a decrease of 7.95% compared to the previous year[53]. - The net profit attributable to the parent company was CNY 1.31 billion, down 45.81% year-on-year[53]. Shareholder Information - The company reported a profit distribution plan of 0.10 RMB per 10 shares, based on a total of 652,728,961 shares[6]. - The company’s major shareholder, Hebei Steel Group, holds 151,414,333 shares, accounting for 23.20% of total shares after a significant asset restructuring in August 2017[21]. - The company has a total of 703,696,670 shares held by its largest shareholder, accounting for 35.54% of total shares prior to the restructuring[21]. - The company did not distribute any dividends in 2016 and 2017 due to negative retained earnings and investment income not being realized[117]. - The cash dividend accounted for 100% of the distributable profit for the year[122]. - The company plans to retain the remaining undistributed profits for future use[122]. Business Operations - The company’s business scope includes the research, production, sales, leasing, and maintenance of construction machinery, agricultural machinery, metallurgical machinery, environmental machinery, and mining machinery[21]. - The company has undergone changes in its main business operations since 2012, expanding its scope to include various types of machinery and related services[21]. - The company operates under a dual business model of "mineral resources + machinery manufacturing," with the mineral resources segment becoming the dominant business due to the continued low profitability of the machinery sector[38]. - The company is the largest producer of refined copper in South Africa, with copper products including copper wire and electrolytic copper, most of which are sold locally, while a portion is exported[38]. - The company’s copper production and operations are expected to continue until 2030, ensuring stable profitability from copper product sales due to the significant increase in copper prices in recent years[47]. Research and Development - The company aims to enhance its core competitiveness through innovation and has established a provincial-level technology center for research and development[49]. - The company's total research and development expenditure rose significantly by 580.88% to ¥14,644,329.46 in 2018, compared to ¥2,150,807.69 in 2017[75]. Environmental Compliance - The company has implemented corrective measures, including the installation of new equipment to eliminate hazardous waste generation and has completed all required rectifications by the disclosure date[164]. - The total emissions of COD are 5 tons per year and ammonia nitrogen are 0.65 tons per year, complying with the GB8978-1996 standard[191]. - The company received a total fine of 100,000 yuan for environmental violations, including failure to use pollution prevention facilities as required[196]. - The company has committed to environmental self-monitoring and engages third-party services for pollution permit monitoring annually[195]. Corporate Governance - The company has established a comprehensive corporate governance structure to ensure compliance with legal and regulatory requirements, enhancing internal control and risk management capabilities[183]. - The company has committed to ensuring that any related party transactions are minimized and conducted at fair market prices to protect shareholder interests[132]. - The company has no significant legal or regulatory issues in the past five years, ensuring compliance with relevant laws and regulations[132]. Future Plans - The company expects to achieve an annual sales target of 15 million tons starting in 2020, with a continuous increase in shipping capacity[105]. - The company plans to complete the trial operation of the new copper flotation plant by April 2019 and officially put it into use[105]. - The company aims to produce 70,000 tons of metal copper by 2022 as part of its second-phase copper project[105]. - The company is targeting to achieve an annual production of 220,000 tons of vermiculite by 2023[105]. - The company plans to enhance its marketing network, aiming for over 35 effective overseas marketing channels by 2019, covering most countries along the Belt and Road[109]. Social Responsibility - The company donated 100,000 yuan to support mushroom greenhouse industry development in a poverty-stricken area, demonstrating its commitment to social responsibility[187]. - The company invested a total of 10 million yuan in poverty alleviation projects, specifically in the agricultural and forestry industry[188]. - The company plans to donate no less than 100,000 yuan in 2019 for industrial poverty alleviation in Li Mujiang Village, Zhangjiakou City, Hebei Province[190].