Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operational results, financial status, and future development plans, investors should carefully read the full annual report published in designated media by the China Securities Regulatory Commission.
Declaration of Dissent by Directors, Supervisors, and Senior Management
The board of directors, supervisory board, and directors, supervisors, and senior management of the company guarantee that the content of the annual report is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility.
The person in charge of the company, Li Yanmei, the person responsible for accounting work, Sun Chen, and the head of the accounting institution (accounting supervisor), Li Jiang, declare: they guarantee the truthfulness, accuracy, and completeness of the financial report in the annual report. All directors have attended the board meeting to review this report.
The company has provided a special explanation of the relevant risk factors in the fourth section of the annual report, "Discussion and Analysis of Operating Conditions," in the part "Outlook for the Company's Future Development," which investors should pay attention to. The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves.
Non-standard Audit Opinion Reminder
√ Applicable □ Not Applicable Asia Pacific (Group) Accounting Firm (Special General Partnership) issued a qualified audit report (Yahui A Audit No. [2020] 0737) for the company. The board of directors and supervisory board have provided detailed explanations on related matters; investors are advised to read carefully.
Profit Distribution Plan for Common Shares
□ Applicable √ Not Applicable The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves.
Profit Distribution Plan for Preferred Shares
□ Applicable √ Not Applicable
Company Overview
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Company Profile
- Stock Abbreviation: *ST Kairde
- Stock Code: 002072
- Stock Exchange: Shenzhen Stock Exchange
- Contact Person: Board Secretary
- Contact Information:
- Name: Sun Chen
- Office Address: 12th Floor, New Poly Building, No. 1 Chaoyangmen North Street, Dongcheng District, Beijing
- Phone: 16502052227
- Email: 18676781486@163.com
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Main Business or Product Overview During the reporting period, the company primarily engaged in coal trading, purchasing various types of coal (high, medium, low sulfur) from washing plants and coal distributors to earn trading margins. In 2019, the global coal market faced increased downward pressure due to changes in the world economic landscape, trade frictions, and global responses to climate change, particularly in Europe and the United States, where coal production and sales are expected to contract further. Meanwhile, developing Asian countries will continue to be the main source of new coal demand, supporting global coal demand and prices. The company anticipates a slight decline in export volume due to reduced low-cost resources from Indonesia and increased domestic consumption, while exports from Russia and Mongolia are expected to increase, with Australian supply remaining stable. The coal market supply and demand were generally balanced in 2019.
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Key Accounting Data and Financial Indicators (1) Major accounting data and financial indicators for the past three years
- Is the company required to restate or adjust previous years' accounting data? □ Yes √ No
- Unit: Yuan