I. Company Overview
- Legal Chinese Name: 四川银山化工（集团）股份有限公司
Legal English Name: SICHUAN YINSHAN CHEMICAL INDUSTRY (GROUP) CO., LTD
Abbreviation: YSCI - Company Registered Address: Yanshan Town, Zizhong County, Neijiang City, Sichuan Province
Company Office Address: Yanshan Town, Zizhong County, Neijiang City, Sichuan Province
Postal Code: 641201
Company Website: HTTP://WWW.yinshan.com.cn
Company Email: zzyshg＠163.net - Legal Representative: Liu Zongping
- Company Board Secretary: Securities Affairs Representative: Lin Li
Contact Number: 0832-5452216
Fax: 0832-5452216
Email: zzyshg@163.net
Contact Address: Yanshan Town, Zizhong County, Neijiang City, Sichuan Province
Board Office of Sichuan Yinshan Chemical Industry (Group) Co., Ltd - Designated Newspapers by the China Securities Regulatory Commission: "China Securities Journal", "Securities Times"
Designated International Internet Website by the China Securities Regulatory Commission: HTTP://WWW.cninfo.com.cn
Location for Quarterly Report: Company Board Office - Stock Exchange: Shenzhen Stock Exchange
Important Notice: The Board of Directors of the company guarantees that the information contained in this report does not contain any false records, misleading statements, or major omissions, and assumes individual and joint responsibility for the authenticity, accuracy, and completeness of its content. The quarterly financial accounting report of the company is unaudited.
II. Business Operations Overview and Analysis
- Overview of Business Operations During the Reporting Period
The company operates in the chemical manufacturing industry, primarily processing, manufacturing, and selling monoammonium phosphate, diammonium phosphate, superphosphate, sulfuric acid, liquid ammonia, ammonium carbonate, and cement. During the reporting period, the company incurred losses in Q1 2002 due to three consecutive years of losses, heavy debts, and severe cash flow shortages, compounded by rising raw material prices and poor operational performance of production facilities. In response, the management team, under the leadership of the Board, has strengthened internal management, motivated all employees, and sought funding from multiple sources to ensure full-capacity production. They are also actively expanding raw material procurement channels to reduce costs and mitigate the adverse effects of price increases, while implementing effective marketing measures to capitalize on the current recovery in product prices, ensuring cash flow, and striving to overcome difficulties in the first half of the year.