安徽江南化工股份有限公司 2019 年第三季度报告全文 安徽江南化工股份有限公司 2019 年第三季度报告 2019 年 10 月 1 安徽江南化工股份有限公司 2019 年第三季度报告全文 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。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽江南化工股份有限公司 2019 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|-------------------|------------- ...

安徽江南化工股份有限公司 2019 年半年度报告全文 安徽江南化工股份有限公司 2019 年半年度报告 2019 年 08 月 1 安徽江南化工股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司定期报告等资料中提及的财务预算、经营计划、经营目标并不代表本 公司的盈利预测，能否实现取决于市场状况变化、经营团队的努力程度等多种 因素，存在很大的不确定性，投资者及相关人士均应当对此保持足够的风险认 识，并且应当理解计划、预测与承诺之间的差异，请投资者注意决策风险。 公司存在安全风险、市场开拓风险、控股股东短期流动性问题带来的风险、 重大资产重组交易风险等风险因素，详细内容请见本报告"第四节经营情况讨论 与分析"中"公司面临的风险和应对措施"部分，敬请广大投资者注意 ...

Revenue and Profit Growth - Revenue for the reporting period was RMB 572.42 million, an increase of 18.90% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company was RMB 70.78 million, a significant increase of 568.87% year-on-year[9] - Basic earnings per share (EPS) increased by 567.06% to RMB 0.0567[9] - Net profit for the first half of 2019 is expected to increase by 50% or more year-on-year, with a projected range of 183.47 million to 215.85 million yuan[62][64] - Total revenue for the period was 572,418,200.85 RMB, an increase from 481,439,248.52 RMB in the previous period[93] - Net profit attributable to the parent company's owners was 70,779,095.89 RMB, up from 10,581,966.77 RMB in the previous period[96] - Operating profit rose significantly to 76,576,629.90 RMB from 20,810,637.68 RMB in the previous period[96] - Net profit for the period was RMB 49,565,059.04, compared to RMB 7,393,150.67 in the previous period[105] - Total comprehensive income for the period was 76,396,533.17 RMB, compared to a loss of -17,119,249.17 RMB in the previous period[100] - Total comprehensive income for the period was RMB 49,565,059.04, compared to a loss of RMB 24,819,469.33 in the previous period[107] - Basic and diluted earnings per share were RMB 0.0397, compared to RMB 0.0059 in the previous period[107] Cash Flow and Financial Position - Net cash flow from operating activities increased by 51.03% to RMB 17.56 million compared to the same period last year[9] - Operating cash flow increased by 51.03% to 17,560,989.10 yuan, driven by higher revenue and improved collection of receivables[23] - Investment cash flow improved by 166,918,795.91 yuan to -76,250,944.04 yuan, due to reduced fixed asset investments and the absence of stock sale proceeds compared to the previous year[23] - Net cash flow from operating activities was RMB 17,560,989.10, compared to RMB 11,627,578.61 in the previous period[111] - Net cash flow from investing activities was a negative RMB 76,250,944.04, compared to a negative RMB 243,169,739.95 in the previous period[114] - Net cash flow from financing activities was a negative RMB 238,042,924.79, compared to a positive RMB 64,596,516.01 in the previous period[114] - Cash and cash equivalents at the end of the period were RMB 800,862,837.57, compared to RMB 1,523,653,807.08 in the previous period[114] - Operating cash flow for the period was -37.74 million yuan, a significant decrease compared to the previous period's -0.55 million yuan[119] - Investment cash flow for the period was -199.19 million yuan, compared to -166.43 million yuan in the previous period[119] - Financing cash flow for the period was -91.24 million yuan, a sharp decline from the previous period's 184.24 million yuan[122] - Total cash and cash equivalents at the end of the period were 142.08 million yuan, down from 908.20 million yuan in the previous period[122] - The company's cash and cash equivalents decreased by 328.17 million yuan during the period[122] - The company's total cash inflow from financing activities was 144.70 million yuan, down from 348.80 million yuan in the previous period[122] Assets and Liabilities - Total assets at the end of the reporting period were RMB 11.92 billion, a slight decrease of 1.04% compared to the end of the previous year[9] - Equity attributable to shareholders of the listed company increased by 1.29% to RMB 5.66 billion[9] - Transactional financial assets increased by 241,490,000.00 yuan, reaching 241,490,000.00 yuan at the end of the reporting period, due to the reclassification of listed company stocks under the new financial instrument accounting standards[20] - Accounts receivable decreased by 35.20% to 116,707,531.74 yuan, primarily due to increased bill payments and maturities during the reporting period[20] - Available-for-sale financial assets decreased by 100% to 0.00 yuan, as the company reclassified listed company stocks and equity investments in associates under the new financial instrument accounting standards[20] - Short-term borrowings decreased by 49.90% to 161,160,000.00 yuan, mainly due to repayments of short-term loans during the reporting period[20] - Total assets decreased from 12,041,188,603.40 to 11,916,046,697.99, a decline of 1.04%[76] - Current assets increased slightly from 3,468,251,795.04 to 3,536,095,911.32, a growth of 1.96%[76] - Fixed assets decreased from 5,649,274,734.91 to 5,583,235,059.63, a decline of 1.17%[76] - Total liabilities decreased from 5,807,610,618.36 to 5,613,161,828.53, a decline of 3.35%[79] - Short-term borrowings decreased significantly from 321,660,000.00 to 161,160,000.00, a decline of 49.90%[76] - Long-term borrowings remained stable at around 3,484,980,000.00[79] - Owner's equity increased from 6,233,577,985.04 to 6,302,884,869.46, a growth of 1.11%[82] - Cash and cash equivalents in the parent company decreased from 470,250,738.72 to 142,079,457.43, a significant decline of 69.78%[83] - Long-term equity investments in the parent company increased from 4,247,664,805.86 to 4,402,410,407.49, a growth of 3.64%[86] - Total assets of the parent company decreased from 5,768,295,331.87 to 5,676,640,634.17, a decline of 1.59%[86] - Total liabilities decreased to 598,135,309.08 RMB from 739,995,648.33 RMB in the previous period[89] - Total equity increased to 5,078,505,325.09 RMB from 5,028,299,683.54 RMB in the previous period[92] - The company's total assets remained unchanged at 12.04 billion yuan, with a new addition of 186.07 million yuan in trading financial assets[123] - Non-current assets decreased by 186.07 million yuan due to the reclassification of available-for-sale financial assets[126] - The company's total liabilities stood at 5.81 billion yuan, with long-term borrowings accounting for 3.48 billion yuan[126] - Shareholders' equity remained stable at 6.23 billion yuan, with share capital unchanged at 1.25 billion yuan[126] - Total owner's equity remained unchanged at 6,233,577,985.04 yuan[129] - Total liabilities and owner's equity remained unchanged at 12,041,188,603.40 yuan[129] - Monetary funds remained unchanged at 470,250,738.72 yuan[129] - Trading financial assets increased by 186,074,400.00 yuan, from not applicable to 186,074,400.00 yuan[129] - Total current assets increased by 186,074,400.00 yuan, from 1,060,512,052.79 yuan to 1,246,586,452.79 yuan[129] - Available-for-sale financial assets decreased by 255,574,400.00 yuan, from 255,574,400.00 yuan to not applicable[129] - Other equity instrument investments increased by 69,500,000.00 yuan, from not applicable to 69,500,000.00 yuan[129] - Total non-current assets decreased by 186,074,400.00 yuan, from 4,707,783,279.08 yuan to 4,521,708,879.08 yuan[129] Government Subsidies and Fair Value Changes - The company received government subsidies of RMB 2.32 million during the reporting period[9] - The company recorded a gain of RMB 55.42 million from changes in the fair value of its holdings in Xuefeng Technology[9] - Fair value change income increased by 55,415,600.00 yuan, reaching 55,415,600.00 yuan, due to the revaluation of listed company stocks under the new financial instrument accounting standards[20] - The fair value of the company's stock investments increased by 55.42 million yuan in the reporting period, with a total investment of 241.49 million yuan[66] - The company's total assets in financial instruments measured at fair value reached 327.98 million yuan by the end of the reporting period[66] Shareholder and Corporate Governance - The top shareholder, Dun'an Holding Group Co., Ltd., holds 36.82% of the company's shares[13] - The company's top 10 shareholders did not engage in any agreed repurchase transactions during the reporting period[17] - Dunan Holdings and its affiliates will not engage in any new business in China that directly or indirectly competes with Jiangnan Chemical[34] - Dunan Holdings and Dunan Chemical have committed to ensuring the independence of Jiangnan Chemical's corporate governance structure, including its shareholders' meeting, board of directors, and management[40] - Dunan Holdings and Dunan Chemical have pledged to avoid any unfair transactions with Jiangnan Chemical and to ensure that any unavoidable related-party transactions are conducted at fair market prices[37] - Dunan Holdings and Dunan Chemical have committed to maintaining the independence of Jiangnan Chemical's assets, ensuring that all assets are under the control of Jiangnan Chemical and are independently owned and operated[52] Asset Restructuring and Investments - The company is planning a major asset restructuring involving the acquisition of 100% equity of Zhejiang Xinlian Civil Explosives Equipment Co., Ltd., with a framework agreement already signed[24] - The company is actively communicating and negotiating the restructuring plan, with progress updates to be disclosed every ten trading days[24] - Dunan New Energy's net profit after deducting non-recurring gains and losses for 2017, 2018, 2019, and 2020 should not be less than RMB 106.72 million, RMB 150.95 million, RMB 172.39 million, and RMB 206.65 million respectively, with a cumulative total of not less than RMB 636.71 million over the four years[31] Research and Development - Research and development expenses increased to 4,912,254.80 RMB from 4,103,655.63 RMB in the previous period[93] Other Financial Metrics - Asset impairment losses increased by 961.41% to 2,871,107.86 yuan, driven by higher receivables and increased bad debt provisions[20] - Interest expenses decreased to 53,368,751.92 RMB from 60,269,633.48 RMB in the previous period[93] - Parent company's revenue increased to 52,092,234.59 RMB from 44,833,541.65 RMB in the previous period[101] - Cash received from sales of goods and services was RMB 530,756,163.35, an increase from RMB 438,659,755.71 in the previous period[108] - Other comprehensive income decreased by 17,717,740.00 yuan, from 18,676,446.68 yuan to 958,706.68 yuan[129] - Undistributed profits increased by 17,717,740.00 yuan, from 850,757,903.70 yuan to 868,475,643.70 yuan[129]

Business Transformation and Strategy - The company reported a significant business transformation in 2018, shifting from a single focus on civil explosives to a dual focus on civil explosives and new energy[21]. - The company has developed into a diversified public company driven by dual-core businesses in civil explosives and new energy, with a focus on high-quality development[40]. - The company completed a major asset restructuring, acquiring 100% of Zhejiang Shun'an New Energy Development Co., Ltd., establishing a dual-core diversified business model[54]. - The company plans to deepen its civil explosives business and implement a "one body, two wings" operational model to maintain its leading position in the national civil explosives industry[139]. - The company aims to create the first large-scale, intelligent green aggregate mine in Xinjiang, which will serve as a new profit growth point[139]. Financial Performance - The company's operating revenue for 2018 was ¥2,885,254,151.74, representing a 27.15% increase compared to the previous year[23]. - The net profit attributable to shareholders for 2018 was ¥219,431,949.50, reflecting a 10.49% increase year-over-year[23]. - The total profit for 2018 was CNY 314,167,750.59, a 10.41% increase year-on-year, with net profit attributable to shareholders rising by 10.49% to CNY 219,431,949.50[54]. - The company achieved a historical high in operating revenue of CNY 2,885,254,151.74, representing a year-on-year increase of 27.15%[54]. - The company reported a net profit of ¥274,177,711.89, while the net cash flow from operating activities was 174.79% higher than the net profit[84]. Cash Flow and Investments - The net cash flow from operating activities for 2018 was ¥753,401,050.24, an increase of 11.78% compared to the previous year[25]. - Investment cash inflow decreased by 93.93% to ¥107,803,109.34 from ¥1,775,376,629.21 in 2017[81]. - The company raised a total of 976,800,000 CNY through a private placement, with a net amount of 954,540,800 CNY after deducting issuance costs[100]. - The total investment amount for the reporting period was 15,800,000.00 CNY, a significant decrease of 98.17% compared to the previous year's investment of 865,185,705.66 CNY[94]. Risk Management - The company faces various risks, including safety risks, market expansion risks, and liquidity issues related to major asset restructuring transactions[5]. - The company emphasizes the importance of understanding the risks associated with its financial forecasts and operational plans[5]. - The company is currently facing risks related to raw material price fluctuations, particularly ammonium nitrate, which has seen significant price increases due to supply shortages[145]. - The company is adapting to changes in the regulatory environment affecting the blasting industry, which has impacted project progress[116]. Research and Development - In 2018, the total revenue was CNY 2,885,254,151.74, with a research and development expenditure of CNY 38,798,554.74, representing 1.34% of total revenue[77]. - The company’s research and development personnel increased by 4.05% to 360, while the proportion of R&D personnel decreased to 8.85%[80]. - The company plans to enhance its technological capabilities by investing in research and development for new explosive materials and applications[130]. Safety and Compliance - The company maintained a stable safety production record, with no accidents reported in 2018[63]. - Safety production will be emphasized, with a focus on implementing a dual prevention system for safety risk management and hazard identification[139]. - The company has established a commitment to avoid competition and regulate related party transactions, ensuring compliance with industry standards[160]. Shareholder Relations and Dividends - The company did not distribute cash dividends or issue bonus shares in 2018[6]. - The company plans to retain undistributed profits for daily operations and investment needs, enhancing its ability to withstand risks and ensuring stable development[150]. - The company is committed to maintaining stable operations and long-term interests of shareholders by retaining profits[150]. Market Expansion and Customer Relations - The company expanded its market presence by acquiring mining rights for new profit growth points in Xinjiang, enhancing its customer acquisition capabilities[54]. - The company plans to expand its market presence by promoting its emulsified explosives and on-site mixed explosives products, despite facing increased competition in the civil explosives industry[144]. - The company’s top five customers accounted for CNY 763,711,152.27 in sales, which is 26.47% of the annual total sales[72]. Technological Advancements - The company has achieved significant advancements in intelligent manufacturing, including the completion of an automated production line for explosive materials, enhancing safety and efficiency[46]. - The company implemented significant technological advancements, including automation in production lines, enhancing safety and efficiency in operations[54]. - The company aims to enhance operational efficiency by implementing standardized, systematic, and intelligent production management practices in its wind and solar power plants[142].

Business Overview and Strategy - The company's main business changed from a single civil explosive business to a dual main business of civil explosives and new energy through a major asset restructuring in 2018[21] - The company has developed into a diversified listed company with dual-core driving forces in civil explosive and new energy businesses[40] - The company plans to optimize its business system and continue to focus on civil explosives while advancing the development of new energy power generation using big data, cloud computing, and AI to create smart wind farms[139] - In 2019, the company aims to adjust production capacity planning, integrate Anhui regional market resources, and extend the industrial chain to create new profit growth points[139] - The company completed a major asset restructuring with Dun'an New Energy, establishing a dual-core business model in both civil explosives and new energy sectors[137] Financial Performance - Revenue for 2018 reached 2,885,254,151.74 yuan, a 27.15% increase compared to the adjusted 2017 revenue of 2,269,152,672.43 yuan[23] - Net profit attributable to shareholders in 2018 was 219,431,949.50 yuan, up 10.49% from the adjusted 2017 figure of 198,593,536.22 yuan[23] - Operating cash flow for 2018 was 753,401,050.24 yuan, an 11.78% increase from the adjusted 2017 figure of 673,984,588.10 yuan[25] - Total assets at the end of 2018 were 12,041,188,603.40 yuan, a slight decrease of 2.96% compared to the adjusted 2017 figure of 12,408,776,649.93 yuan[25] - Q4 2018 revenue was 853,874,291.42 yuan, the highest among all quarters[29] - Q2 2018 net profit attributable to shareholders was 97,341,181.62 yuan, the highest among all quarters[29] - Non-recurring gains and losses in 2018 totaled 17,579,290.92 yuan, a significant decrease from 40,953,121.93 yuan in 2017[36] - Government subsidies received in 2018 amounted to 8,275,599.17 yuan, down from 16,540,475.36 yuan in 2017[33] - The company's weighted average return on equity (ROE) for 2018 was 3.95%, up 0.37 percentage points from the adjusted 2017 figure of 3.58%[25] - Basic earnings per share for 2018 were 0.1757 yuan, a 10.50% increase from the adjusted 2017 figure of 0.1590 yuan[25] - The company achieved a record high revenue of 2,885,254,151.74 yuan in 2018, a year-on-year increase of 27.15%[54] - The company's net profit attributable to shareholders was 219,431,949.50 yuan, a year-on-year increase of 10.49%, with earnings per share of 0.1757 yuan, up 10.50% year-on-year[54] - Total assets at the end of the reporting period were 12,041,188,603.40 yuan, a decrease of 2.96% compared to the beginning of the year, while shareholders' equity was 5,585,924,925.87 yuan, an increase of 0.63%[54] - Net profit for the year was 274,177,711.89 yuan, while operating cash flow was 753,401,050.24 yuan, a 174.79% increase, influenced by non-cash expenses such as asset impairment and depreciation[84] - Asset impairment losses amounted to 135,061,001.94 yuan, accounting for 42.99% of total profit, with bad debt losses being sustainable while other impairments like goodwill are not[85] Civil Explosives Business - The company's civil explosive business is mainly engaged in the R&D, production, and sales of industrial explosives, industrial detonators, and industrial fuses, as well as providing engineering blasting services[40] - Civil explosive industry revenue reached 2,164,322,986.70 yuan, up 30.86% year-on-year, while new energy industry revenue was 720,931,165.04 yuan, up 17.14% year-on-year[51] - The company's industrial explosive capacity utilization rate was 77.44%, and blasting business revenue reached 717,877,994.99 yuan, a year-on-year increase of 82.25%[51] - Revenue from the civil explosive industry accounted for 74.30% of total revenue, while wind power industry revenue accounted for 24.74%[56] - Civil explosive products revenue reached 1,203,072,287.25 yuan, with a year-on-year increase of 12.79%[60] - Blasting service revenue reached 717,877,994.99 yuan, with a year-on-year increase of 82.25%[60] - Industrial explosive production capacity is 248,500 tons, with a utilization rate of 77.44%[60] - The company has 7 hazardous goods transportation companies, with a total transportation capacity of over 30,000 tons of explosives[63] - Civil explosive product sales volume reached 203,315.61 tons, with a year-on-year increase of 11.22%[66] - Civil explosive product production volume reached 202,805.6 tons, with a year-on-year increase of 11.22%[66] - Civil explosive product inventory decreased by 17.73% year-on-year to 2,367.24 tons[66] - Raw material costs for hazardous goods production increased by 19.18% to 507,052,275.50 yuan, accounting for 30.08% of operating costs[68] - Labor costs for hazardous goods production rose by 5.63% to 53,331,145.62 yuan, representing 3.16% of operating costs[68] - Manufacturing expenses for hazardous goods production grew by 16.74% to 64,835,167.66 yuan, making up 3.85% of operating costs[68] - The company added 14 new blasting and blasting integration projects worth over ten million yuan in 2018, including four new mine general contracting contracts[47] - The company added 14 blasting and integrated blasting projects worth over 10 million yuan during the reporting period[51] New Energy Business - The company's new energy business, through its wholly-owned subsidiary DunAn New Energy, focuses on wind power and photovoltaic power generation project development, construction, and operation[40] - DunAn New Energy had a cumulative grid-connected installed capacity of 960 MW by the end of 2018[44] - Dunan New Energy's cumulative grid-connected installed capacity reached 960 MW by the end of 2018, including 900 MW of wind power and 60 MW of photovoltaic power, with an increase of 100 MW in wind power capacity compared to the previous year[51] - Dunan New Energy's settled electricity volume in 2018 was 1.536 billion kWh, a year-on-year increase of 20.91%[51] - Wind power generation revenue reached 636,058,446.89 yuan, with a year-on-year increase of 22.56%[60] - The company has established a comprehensive industrial layout for wind and solar resource exploration, construction, and operation, with nearly 200 wind measurement towers and multiple solar measurement devices[44] - In 2018, the national wind curtailment situation improved, and the company plans to increase power marketing efforts in 2019 to enhance settlement power and reduce wind curtailment rates[142] - The company aims to reduce unplanned downtime and maintenance costs for power generation equipment, ensuring optimal performance and health of the units to achieve the highest power generation efficiency[142] - In 2019, the company plans to promote benchmark wind and photovoltaic power stations, standardize production management, and enhance equipment operation, maintenance, and repair standards[142] - The company will focus on reducing wind and photovoltaic power station non-scheduled outages and major component damage through technical supervision and special inspections[142] - The company will conduct efficiency improvement and technical upgrades for wind turbines and photovoltaic systems based on evaluation and identification results[142] Risks and Challenges - The company faces risks including safety risks, market development risks, short-term liquidity issues of the controlling shareholder, and risks related to major asset restructuring transactions[5] - The company faces safety risks due to the inherent characteristics of explosive products and is committed to improving safety management and employee safety awareness[142] - The company is exposed to industry development risks, including the need to adapt to market changes and policy shifts in both the explosive and renewable energy sectors[142] - Market expansion risks include potential slowdowns in national infrastructure construction and stricter mineral resource investment policies, which could affect demand for the company's explosive products[142] - The company's controlling shareholder, DunAn Holdings, faced short-term liquidity issues in May 2018, which are being addressed with support from local governments and financial institutions[145] - The company is exposed to raw material price fluctuation risks, particularly due to the rising cost of ammonium nitrate, a key raw material for its explosive products[145] Subsidiaries and Acquisitions - The subsidiary Anhui Jiangnan Blasting Engineering Co., Ltd. reported a net profit of 21,847,830.86 yuan[121] - Anhui Jiangnan Jingsheng New Materials Co., Ltd. reported a net loss of RMB 28.33 million, with total assets of RMB 40 million and revenue of RMB 5.56 million[124] - Anhui Ningguo Jiangnan Oil Phase Materials Co., Ltd. achieved a net profit of RMB 1.77 million, with total assets of RMB 2 million and revenue of RMB 21.18 million[124] - Xinjiang Tianhe Chemical Co., Ltd. recorded a net profit of RMB 94.65 million, with total assets of RMB 52.57 million and revenue of RMB 826.56 million[124] - Sichuan Nanbu Yongsheng Chemical Co., Ltd. reported a net profit of RMB 16.31 million, with total assets of RMB 25 million and revenue of RMB 311.30 million[127] - Fujian Zhangzhou Jiuyijiu Chemical Co., Ltd. achieved a net profit of RMB 18.04 million, with total assets of RMB 20 million and revenue of RMB 96.81 million[127] - Anhui Xiangke Chemical Co., Ltd. recorded a net profit of RMB 15.54 million, with total assets of RMB 21.36 million and revenue of RMB 560.39 million[127] - Sichuan Yutai Special Engineering Technology Co., Ltd. reported a net profit of RMB 5.87 million, with total assets of RMB 81 million and revenue of RMB 86.30 million[130] - Nanjing Ligong Technology Chemical Co., Ltd. achieved a net profit of RMB 2.66 million, with total assets of RMB 66.67 million and revenue of RMB 162.44 million[130] - Zhejiang Dunan New Energy Development Co., Ltd. recorded a net profit of RMB 173.91 million, with total assets of RMB 788.42 million and revenue of RMB 7.25 billion[133] - Ningguo Jiangnan Transportation Co., Ltd. reported a net loss of RMB 45,857.50, with total assets of RMB 1 million and revenue of RMB 3.45 million[133] - The subsidiary Xinjiang Jiangnan Yitai Building Materials Co., Ltd. reported sales of 112,697,407.26 yuan, with a net loss of 3,017,787.07 yuan[136] - Company acquired 100% equity of Zhejiang Dunan New Energy Development Co., Ltd. for 337,702,698 shares[71] - Established new subsidiaries with investments totaling 10,900,000.00 yuan[71] - Acquired 51% equity in multiple companies with total investments of 31,657,400.00 yuan[71] - Company acquired 100% equity of Zhejiang Dun'an New Energy Development Co., Ltd. by issuing 337,702,698 shares to Dun'an Holding Group Co., Ltd. in January 2018[199] - Company invested 1,000,000.00 yuan to establish a wholly-owned subsidiary, Ningguo Jiangnan Transportation Co., Ltd., in February 2018[199] - Company invested 9,000,000.00 yuan to establish a wholly-owned subsidiary, Xinjiang Jiangnan Yitai Building Materials Co., Ltd., in November 2018[199] - Subsidiary Fujian Zhangzhou Jiuyijiu Chemical Co., Ltd.'s subsidiary Xiamen Xiongan Explosive Materials Co., Ltd. was deregistered and no longer included in the consolidated scope in July 2018[199] - Subsidiary Hubei Shuaili Chemical Co., Ltd.'s subsidiary Chongyang Shuaili Building Materials Co., Ltd. was deregistered and no longer included in the consolidated scope in October 2018[199] - Subsidiary Henan Huatong Chemical Co., Ltd. acquired 51% equity of Xinyang Anshun Blasting Engineering Co., Ltd. for 2,550,000.00 yuan, included in the consolidated scope from January 1, 2018[199] - Subsidiary Anhui Xiangke Chemical Co., Ltd.'s subsidiary Anhui Jiangnan Limin Blasting Engineering Co., Ltd. acquired 51% equity of Shitai Qiupu Blasting Engineering Co., Ltd. for 4,437,000.00 yuan, included in the consolidated scope from August 1, 2018[199] - Subsidiary Xinjiang Tianhe Chemical Co., Ltd.'s subsidiary Xinjiang Tianhe Civil Explosives Management Co., Ltd. acquired 51% equity of Changji Civil Explosives Sales Co., Ltd. for 6,310,400.00 yuan, included in the consolidated scope from October 31, 2018[199] - Subsidiary Anhui Xiangke Chemical Co., Ltd.'s subsidiary Anhui Xiangke Chemical Chizhou Co., Ltd. acquired 51% equity of Anhui Hongtai Mining Construction Co., Ltd. for 18,360,000.00 yuan, included in the consolidated scope from December 31, 2018[199] Dividends and Shareholder Returns - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital[6] - The company did not distribute cash dividends in 2018, with a cash dividend amount of 0.00 yuan, accounting for 0.00% of the net profit attributable to ordinary shareholders[150] - In 2017, the company distributed cash dividends of 81,183,809.85 yuan, accounting for 40.88% of the net profit attributable to ordinary shareholders[150] - In 2016, the company distributed cash dividends of 50,120,344.56 yuan, accounting for 56.76% of the net profit attributable to ordinary shareholders[150] - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital for the current reporting period[153] - The company's undistributed profits will be mainly used to meet daily operational and investment needs, ensuring normal production and stable development[150] Corporate Governance and Commitments - The company's actual controller and related parties have made commitments regarding share lock-up and performance compensation, with some commitments still in progress[154][157][160] - The company's performance compensation commitment for 2017-2020 includes a cumulative net profit of not less than 636.71 million yuan after deducting non-recurring gains and losses[157][160] - The company's actual controller has committed to avoid competition and regulate related transactions, with the commitment still in progress[160] - Dunan Holdings and Dunan Chemical commit to avoiding new businesses in China that may compete with Jiangnan Chemical[163] - Dunan Holdings and Dunan Chemical ensure that any unavoidable related-party transactions with Jiangnan Chemical will be conducted at fair market prices[163] - Dunan Holdings and Dunan Chemical guarantee the independence of Jiangnan Chemical's personnel, assets, and financial operations[169][172][175] - Dunan Holdings and Dunan Chemical promise not to interfere with Jiangnan Chemical's business activities or decision-making processes[178] - Dunan Holdings and Dunan Chemical commit to maintaining Jiangnan Chemical's independent corporate governance structure[181] - Dunan Holdings and Dunan Chemical pledge to avoid any form of competition with Jiangnan Chemical in their business operations[181] - Dunan Holdings and Dunan Chemical will compensate Jiangnan Chemical for any losses if their commitments are proven false or violated[184] Financial Reporting and Auditing - The company's financial report is audited by Tianjian Certified Public Accountants (Special General Partnership)[22] - The company's sponsor institution is Xiangcai Securities Co., Ltd., with a continuous supervision period until December 31, 2017, and continued supervision of raised funds in 2018[22] - The company's financial advisor is Huatai United Securities Co., Ltd., with a continuous supervision period until December 31, 2019[22] - The company's annual report is available at the China Securities Regulatory Commission's designated website: http://www.cninfo.com.cn[18] - The company adjusted its financial statements for 2017 due to changes in accounting policies, with accounts receivable and notes combined into a new category totaling RMB 1,130.616 million[195] - Research and development expenses were separately reported for the first time, amounting to RMB 38.001 million in 2018[195] - The company implemented new financial instrument standards starting January 1, 2019, affecting financial reporting[194] - The company's fixed assets remained stable at RMB 5,582.517 million in 2018[195] - The company's construction in progress increased slightly to RMB 667.017 million in 2018[195] - The company's long-term payables increased to RMB 504.321 million in 2018[195] - The company's management expenses decreased to RMB 323.327 million in 2018, with R&D expenses separated[195] - Company changed its audit firm from Ruihua Certified Public Accountants to Tianjian Certified Public Accountants for the 2018 fiscal year, with an audit fee of 1.5 million yuan[199] Cash Flow and Investments - Operating cash flow increased by 11.78% to 753,401,050.24 yuan, driven by a 18.69% increase in cash inflows and a 21.43% increase in cash outflows[81] - Investment cash flow decreased by 245.08% to -650,651,514.33 yuan, primarily due to increased fixed asset investments and the absence of recovered financial product investments compared to the previous year[81] - Financing cash flow decreased significantly to -695,753,

安徽江南化工股份有限公司 2018 年第三季度报告正文 证券代码：002226 证券简称：江南化工 公告编号：2018-109 安徽江南化工股份有限公司 2018 年第三季度报告正文 1 安徽江南化工股份有限公司 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。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽江南化工股份有限公司 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 √ 适用 □ 不适用 3 安徽江南化工股份有限公司 2018 年第三季度报告正文 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -2,182,944.44 | | ...

安徽江南化工股份有限公司 2018 年半年度报告全文 安徽江南化工股份有限公司 2018 年半年度报告 2018 年 08 月 1 安徽江南化工股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司半年度报告中若涉及未来计划等前瞻性陈述的，不构成公司对投资者 的实质承诺，请投资者注意投资风险，保持足够的风险认识。 公司存在安全风险、市场开拓风险、控股股东短期流动性问题带来的风险、 重大资产重组交易风险等风险因素，敬请广大投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 5 | | 第三节 | 公司业务概要 8 | | ...

安徽江南化工股份有限公司 2017 年年度报告全文 安徽江南化工股份有限公司 2017 年年度报告 2018 年 03 月 1 安徽江南化工股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人冯忠波、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司面临安全风险、行业发展风险、市场开拓风险、爆破工程服务人才不 足的风险等风险，敬请广大投资者注意投资风险。详细内容请见本报告"第四节 经营情况讨论与分析 九、公司未来发展的展望" 部分。 公司经本次董事会审议通过的利润分配预案为：以 1,248,981,690 为基数， 向全体股东每 10 股派发现金红利 0.65 元（含税），送红股 0 股（含税），不以公 积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | --- | ...

安徽江南化工股份有限公司 2018 年第一季度报告全文 安徽江南化工股份有限公司 2018 年第一季度报告 2018 年 04 月 1 安徽江南化工股份有限公司 2018 年第一季度报告全文 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。 公司负责人郭曙光、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽江南化工股份有限公司 2018 年第一季度报告全文 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 | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -672,526.85 | | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 3,158,183.78 | | | 除上述各项之外的其他营业外收入和支出 | 384,449 ...

安徽江南化工股份有限公司 2017 年年度报告全文 安徽江南化工股份有限公司 2017 年年度报告 2018 年 03 月 1 安徽江南化工股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人冯忠波、主管会计工作负责人王敦福及会计机构负责人(会计主 管人员)张鹏声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司面临安全风险、行业发展风险、市场开拓风险、爆破工程服务人才不 足的风险等风险，敬请广大投资者注意投资风险。详细内容请见本报告"第四节 经营情况讨论与分析 九、公司未来发展的展望" 部分。 公司经本次董事会审议通过的利润分配预案为：以 1,248,981,690 为基数， 向全体股东每 10 股派发现金红利 0.65 元（含税），送红股 0 股（含税），不以公 积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | --- | ...