JSHX(600307)2019-04-25 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 1,092,667,119.74 RMB in 2018, a significant increase of 159.44% compared to 421,160,883.20 RMB in 2017[19]. - Operating revenue for 2018 was 45,431,114,804.26 RMB, representing a year-on-year growth of 10.84% from 40,987,348,813.52 RMB in 2017[19]. - The net cash flow from operating activities increased by 75.84% to 3,574,204,684.29 RMB in 2018, up from 2,032,672,458.27 RMB in 2017[19]. - The company reported a net profit excluding non-recurring gains and losses of 958,466,605.64 RMB, an increase of 81.13% from 529,157,067.01 RMB in 2017[19]. - Basic earnings per share for 2018 reached CNY 0.1745, a 159.67% increase compared to CNY 0.0672 in 2017[22]. - The weighted average return on equity increased to 10.77% in 2018, up by 6.27 percentage points from 4.50% in 2017[22]. - The company reported a net profit of CNY 134,200,514.10 for 2018 after accounting for non-recurring losses[26]. - Operating profit for 2018 was RMB 1.11 billion, up 97.9% from RMB 561.06 million in 2017[182]. - Net profit attributable to shareholders of the parent company was RMB 1.09 billion, a significant increase from RMB 421.16 million in the previous year, representing a growth of 159.5%[182]. Assets and Liabilities - The company's total assets at the end of 2018 were 39,777,714,691.90 RMB, a slight decrease of 0.21% from 39,860,972,168.97 RMB at the end of 2017[19]. - The net assets attributable to shareholders increased by 9.78% to 10,535,867,971.55 RMB at the end of 2018, compared to 9,597,050,288.67 RMB at the end of 2017[19]. - Total liabilities decreased to CNY 29.19 billion from CNY 30.31 billion, indicating a reduction of about 3.7%[175]. - The company's total assets stood at CNY 39.78 billion, a slight decrease from CNY 39.86 billion, reflecting a decline of about 0.2%[175]. Revenue and Costs - Operating costs increased by 12.74% to 35.850 billion RMB, while sales expenses rose by 13.03%[38]. - The steel product segment generated revenue of 31.434 billion RMB, with a gross margin of 15.80%, up 20.09% year-on-year[39]. - Revenue from steel sales amounted to 1,604,118.80 million RMB this year, down from 1,692,886 million RMB last year, with a gross margin of 13.97%, a decrease from 21.92%[53]. - The cost of raw materials accounted for 69.81% of total costs, amounting to 18.476 billion RMB, an increase of 13.13%[42]. Research and Development - Research and development expenses decreased significantly by 50.88% to 799.17 million RMB[38]. - Research and development expenses amounted to ¥392.57 million, accounting for 0.86% of total revenue[48]. - The company focused on high-value-added product research and development, achieving breakthroughs in the comprehensive technology of hot-dip galvanized aluminum magnesium products[35]. Environmental and Social Responsibility - The company invested approximately 1.4 million yuan in environmental pollution prevention and control measures, significantly improving the factory environment[35]. - The company has constructed 216 sets of waste gas treatment facilities and 25 sets of wastewater treatment systems at its headquarters, with a total of 41 sets of online monitoring facilities for waste gas and 1 set for wastewater[95]. - The company has been recognized with the "Outstanding Contribution Award" for poverty alleviation efforts by the Gansu Provincial Listed Companies Association in 2018[89]. - The company donated 195.5 tons of steel, valued at approximately 780,000 RMB, to support poverty alleviation construction in the local area[88]. - The company aims to enhance its poverty alleviation strategies by focusing on industrial development, skills training, and employment opportunities[92]. Governance and Compliance - The company has established a cash dividend policy to enhance transparency and ensure reasonable returns for investors[68]. - The governance structure complies with the requirements set by the China Securities Regulatory Commission, ensuring the protection of shareholder rights[143]. - The independent auditor issued a standard unqualified opinion on the internal control audit report for the year 2018[150]. - The company has not faced any penalties from securities regulatory agencies in the past three years[134]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 288,778, an increase from 283,035 in the previous month[108]. - The largest shareholder, Jiuquan Steel Group Co., Ltd., holds 3,431,600,950 shares, representing 54.79% of total shares, with 1,700,000,000 shares pledged[108]. - The company has no strategic investors or general legal entities that have become top ten shareholders through new share placements[111]. Employee Information - The total number of employees in the parent company and major subsidiaries is 22,025, with 19,838 in production roles[136]. - The company has 10,628 employees with a college degree or above, representing approximately 48.3% of the total workforce[136]. - The company has implemented a training system that emphasizes safety responsibilities and compliance with legal standards[141].