东睦新材料集团股份有限公司 2019 年第一季度报告 公司代码：600114 公司简称：东睦股份 东睦新材料集团股份有限公司 2019 年第一季度报告 1 / 22 东睦新材料集团股份有限公司 一、重要拠示 二、公司基本情况 三、重要事项 四、附录 . 2019 年第一季度报告 目录 2 / 22 东睦新材料集团股份有限公司 2019 年第一季度报告 一、 重要提示 1.1 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。 1.2 公司全体董事出席董事会审议本季度报告。 1.3 公司负责人芦德宝、主管会计工作负责人肖亚军及会计机构负责人（会计主管人员）肖亚军 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 3 / 22 东睦新材料集团股份有限公司 2019 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | --- | |-------|----------------------------|------ ...

Financial Performance - Operating revenue for the first nine months reached CNY 1,499,751,738.59, representing a 15.59% increase year-on-year[8] - Net profit attributable to shareholders increased by 18.61% to CNY 248,977,786.36 for the first nine months[8] - Basic earnings per share increased by 14.71% to CNY 0.39[8] - Operating revenue increased by 15.59% to RMB 1,499,751,738.59, driven by the gradual mass production of new products and market expansion in soft magnetic materials[17] - Net profit attributable to shareholders increased by 18.61% to RMB 248,977,786.36, reflecting improved internal management and integration effects[17] - Total revenue for the third quarter was CNY 466,284,767.56, an increase from CNY 453,674,930.81 in the same period last year, representing a growth of approximately 1.35%[42] - Year-to-date revenue reached CNY 1,499,751,738.59, up from CNY 1,297,448,870.36, indicating a year-over-year increase of about 15.6%[42] - The total comprehensive income for the third quarter was CNY 184,868,429.79, compared to CNY 153,923,927.50 in the same period last year, representing an increase of approximately 20.1%[49] Assets and Liabilities - Total assets increased by 2.12% to CNY 3,372,797,383.04 compared to the end of the previous year[8] - Long-term equity investments rose by 35.91% to RMB 157,216,950.83, attributed to recognized investment income from Dongmu Jiaheng[17] - Non-current assets totaled CNY 1,508,978,382.87, an increase from CNY 1,407,794,357.37 at the beginning of the year, showing a growth of about 7.2%[39] - Total liabilities decreased to CNY 375,761,395.76 from CNY 449,595,586.32, reflecting a reduction of about 16.4%[40] - Shareholders' equity increased to CNY 2,416,912,328.22 from CNY 2,401,838,997.33, representing a growth of approximately 0.6%[40] Cash Flow - The net cash flow from operating activities decreased by 5.24% to CNY 126,334,555.31[8] - Cash and cash equivalents decreased by 39.84% to RMB 235,907,501.92 due to cash dividends and fundraising investments during the reporting period[16] - Cash inflows from operating activities amounted to CNY 1,109,088,032.99, up from CNY 991,921,881.02, reflecting a growth of about 11.8% year-over-year[49] - The net cash flow from investing activities was negative at CNY -17,467,157.86, an improvement from CNY -290,768,845.46 in the previous year[49] - Cash and cash equivalents at the end of the period were CNY 214,618,501.92, down from CNY 323,242,808.36 year-over-year, a decrease of approximately 33.8%[50] Shareholder Information - The total number of shareholders reached 20,776 by the end of the reporting period[13] - The largest shareholder, Mu Special Metal Industry Co., Ltd., holds 13.85% of the shares[13] - The company approved a cash dividend of ¥0.30 per share, totaling ¥130,904,294.70, and a capital reserve increase of 0.48 shares per share, resulting in a new total share count of 645,794,521[25] - The company plans to distribute a cash dividend of ¥2.00 per 10 shares, amounting to ¥129,158,904.20, with retained earnings of ¥313,817,636.07 carried forward to the next year[27] Operational Costs - Operating costs rose by 18.65% to RMB 1,002,888,709.34, primarily due to increased labor costs and rising prices of raw materials[17] - Total operating costs for the third quarter were CNY 409,962,214.69, compared to CNY 383,932,060.23 in the previous year, reflecting an increase of approximately 6.8%[42] - Year-to-date operating costs amounted to CNY 1,257,773,792.82, up from CNY 1,071,380,210.28, which is an increase of around 17.4%[42] Future Plans - The company plans to continue expanding its market presence and developing new products[9] - The company plans to continue expanding its market presence and developing new products in the soft magnetic materials sector[17]

Financial Performance - As of June 30, 2018, the company achieved a net profit of CNY 146,929,787.75 (unaudited) and retained earnings of CNY 296,046,752.52, totaling CNY 442,976,540.27 available for distribution to shareholders[4] - The company's operating revenue for the first half of the year reached ¥1,033,466,971.03, representing a 22.48% increase compared to ¥843,773,939.55 in the same period last year[21] - Net profit attributable to shareholders was ¥200,428,735.81, marking a 33.11% increase from ¥150,575,981.13 year-on-year[21] - The adjusted net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥148,957,248.56, up 20.06% from ¥124,071,275.63 in the previous year[21] - The company's basic earnings per share increased to ¥0.32, a rise of 33.33% compared to ¥0.24 in the same period last year[22] - The diluted earnings per share also rose to ¥0.31, reflecting a 29.17% increase from ¥0.24 year-on-year[22] - The weighted average return on equity increased by 1.20 percentage points to 7.62% compared to the previous year[22] - The company's total assets grew to ¥3,459,560,196.67, a 4.75% increase from ¥3,302,716,595.62 at the end of the previous year[21] - The net assets attributable to shareholders increased by 4.87% to ¥2,685,608,433.68 from ¥2,560,996,192.57 at the end of the previous year[21] - The net cash flow from operating activities decreased by 32.54% to ¥65,041,061.57 from ¥96,413,277.33 in the same period last year[21] Dividend Distribution - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares (including tax), totaling CNY 129,158,904.20, with undistributed profits of CNY 313,817,636.07 carried forward to the next year[4] - The company distributed cash dividends of RMB 0.30 per share and increased its total share capital by 209,446,872 shares, resulting in a new total of 645,794,521 shares[31] - The company plans to increase cash dividends over the next 3-5 years, building on the 2017 cash dividend distribution[44] - The company reported a profit distribution to shareholders amounting to CNY -130,904,294.70, which reflects a reduction in retained earnings[181] Investment and R&D - The company invested RMB 50,843,641.54 in research and development, an increase of 6.49% compared to the previous year, and received 10 national invention patents during the reporting period[37] - The company has a total of 62 invention patents and 163 utility model patents, reflecting its strong focus on innovation and technology development[37] - The company achieved a sales revenue of 29.50% and a sales volume of 30.29% in the powder metallurgy products sector, maintaining a leading position in the domestic market[39] - The company has established a national-level enterprise technology center, enhancing its research and development capabilities[37] Risk Factors - The report includes significant risk factors such as market risks from macroeconomic development, exchange rate risks, production technology risks, raw material cost risks, and competition risks[8] - The company recognizes significant risks from raw material cost fluctuations, which constitute a large portion of product costs, and plans to enhance its group purchasing platform to mitigate these risks[76] - The competitive landscape is intensifying as domestic and international powder metallurgy manufacturers improve their technology and product quality, posing risks to the company's market position[77] - The company faces market risks due to global economic instability and the impact of domestic economic reforms[72] - The company is addressing production technology risks associated with the growing automotive market and the development of new energy vehicles[74] Corporate Governance and Compliance - The financial report has not been audited, and the company guarantees the accuracy and completeness of the report[7] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[6] - The company has not violated decision-making procedures for providing guarantees to external parties[6] - The company has not reported any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[85] - The company has retained Tianjian Accounting Firm for its 2018 annual audit, ensuring compliance and oversight[84] Environmental Compliance - The company’s wastewater treatment plant achieved compliance with the GB8978-1996 Class III discharge standards for chemical oxygen demand and suspended solids[118] - The company’s emissions from the sintering furnace met the GB9078-1996 Class II emission standards for smoke and dust, and SO2 and NOx emissions complied with the GB13271-2014 special emission limits[117] - The company’s noise levels at the factory boundary met the GB 12348-2008 Class 3 standards[119] - The company’s solid waste, including hazardous waste, is collected and disposed of by qualified units, ensuring compliance with environmental regulations[120] - The company has completed environmental impact assessments for its major subsidiaries, ensuring compliance with local environmental regulations[123] Shareholder Information - The total number of ordinary shareholders reached 19,421 by the end of the reporting period[141] - The largest shareholder, Mux Special Metal Industry Co., Ltd., holds 89,467,200 shares, representing 13.85% of the total shares[143] - The company has a total of 10 major shareholders, with the top three being associated with the management team and employees, but they do not constitute a concerted action relationship[144] - The total number of shares held by the top ten unrestricted shareholders amounts to 89,467,200 shares, with all being ordinary shares[144] - The total number of shares held by directors, supervisors, and senior management increased from 8,211,450 to 12,152,947, reflecting a change of 3,941,497 shares due to capital reserve conversion[150] Financial Management - The company's cash and cash equivalents decreased from ¥392,106,416.17 to ¥252,651,080.31, a decline of approximately 35.6%[158] - Accounts receivable rose from ¥432,912,145.78 to ¥475,289,012.99, an increase of about 9.5%[158] - Inventory increased from ¥299,849,068.93 to ¥342,772,137.67, representing a growth of approximately 14.3%[158] - Total operating costs amounted to CNY 847,811,578.13, up 23.3% from CNY 687,448,150.05 year-on-year[165] - The company's total comprehensive income for the period was CNY 216,181,478.66, up from CNY 159,077,967.26, an increase of 36.0%[166]

东睦新材料集团股份有限公司 2018 年第一季度报告 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 公司代码：600114 公司简称：东睦股份 东睦新材料集团股份有限公司 2018 年第一季度报告 1 / 20 | 一、 重要提示 | 3 | | --- | --- | | 二、 公司基本情况 | 3 | | 三、 重要事项 | 6 | | 四、 附录 | 10 | 东睦新材料集团股份有限公司 2018 年第一季度报告 一、 重要提示 | | 本报告期末 | 上年度末 调整后 | 调整前 | 本报告期末 比上年度末 | | --- | --- | --- | --- | --- | | | | | | 增减(%) | | 总资产 | 3,415,370,708.30 | 3,302,716,595.62 | 3,302,716,595.62 | 3.41 | | 归属于上市公司股东的净资产 | 2,648,711,243.40 | 2,560,996,192.57 | 2,560,996,192.57 | 3.43 | | | 年初至报告期末 | 上年 ...

Financial Performance - The company achieved a net profit of ¥235,535,491.34 for the year 2017, with a statutory reserve of ¥23,553,549.13, resulting in a total distributable profit of ¥426,951,047.22[4] - The company's operating revenue for 2017 was ¥1,782,898,099.10, representing a year-over-year increase of 21.49% compared to ¥1,467,479,957.22 in 2016[20] - The net profit attributable to shareholders for 2017 was ¥300,101,898.95, a significant increase of 70.65% from ¥175,863,130.83 in 2016[20] - The basic earnings per share for 2017 was ¥0.72, up 56.52% from ¥0.46 in 2016[21] - The company's total assets at the end of 2017 reached ¥3,302,716,595.62, reflecting a 16.67% increase from ¥2,830,854,200.88 at the end of 2016[20] - The net profit after deducting non-recurring gains and losses for 2017 was ¥240,259,011.90, which is a 44.78% increase from ¥165,946,195.18 in 2016[20] - The company's main business revenue reached 1.766 billion yuan, an increase of 21.64% year-on-year, with a net profit attributable to shareholders of 300.1 million yuan, up 70.65% year-on-year, marking six consecutive years of growth[51] - The company reported a total revenue of 216.78 million CNY for the year, representing a year-on-year growth of 34.89%[116] - The operating profit for the same period was 44.34 million CNY, which is an increase of 39.67% compared to the previous year[116] Dividend and Capital Management - A cash dividend of ¥3.00 per 10 shares (including tax) is proposed, totaling ¥130,904,294.70, with undistributed profits of ¥296,046,752.52 carried forward to the next year[4] - The cash dividend policy stipulates that at least 30% of the annual net profit will be distributed as cash dividends to shareholders[152] - In 2017, the company distributed a cash dividend of RMB 3.00 per 10 shares, amounting to a total of RMB 130,904,294.70, which is 43.62% of the net profit attributable to shareholders[155] - The company plans to increase cash dividends in the next five years based on the 2017 cash dividend level[143] Investment and Capital Expenditure - The company plans to increase its share capital by 4.80 shares for every 10 shares held, resulting in a total capital increase of 209,446,872 shares, bringing the total share capital to 645,794,521 shares[4] - The company has completed the first capital reduction of Ningbo Dongmu Jiaheng Investment Management Co., reducing its registered capital from RMB 600 million to RMB 250 million[36] - Dongmu Co. has invested RMB 70.38 million in Tianjin Dongmu Powder Metallurgy Co., increasing its registered capital from RMB 81.62 million to RMB 152 million[37] - The company has established a new joint venture, Changchun Dongmu Fu'ao New Materials Co., with a registered capital of RMB 28 million, in which Dongmu holds a 70% stake[38] - The company has acquired land use rights for a total area of 67,626 square meters for new factory construction, with a total investment of RMB 9.39 million planned for the project[191] Research and Development - Research and development expenses totaled 95.43 million yuan, a 20% increase compared to the previous year, with 17 new technologies receiving national invention patent authorization[47] - The company holds 52 invention patents and 147 utility model patents, reflecting its commitment to innovation and technology development[58] - The company aims to enhance core technology research and development while optimizing product structure and expanding market reach, particularly in the automotive power system and new energy sectors[148] - The company plans to maintain a research and development investment ratio of over 5% of sales, focusing on independent technological innovation[143] Market and Industry Position - The company maintained a market share of 25.20% in sales revenue and 26.57% in sales volume within the powder metallurgy industry, continuing to rank among the top in the domestic market[48] - The company actively participated in the formulation of industry standards, with one national standard and two industry standards established during the reporting period[46] - The global powder metallurgy market is expected to grow significantly, driven by applications in automotive, aerospace, and medical industries[127] - The company plans to expand its market presence in the automotive and home appliance sectors, focusing on high-density and complex structure products[133] Risk Management - The company has identified several major risks, including macroeconomic market risks, exchange rate risks, production technology risks, raw material cost risks, and competitive risks[6] - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements in the report[5] - The company acknowledges potential market risks due to macroeconomic developments and aims to balance international and domestic market expansion to mitigate currency fluctuation impacts[149] - The company will enhance its procurement platform to reduce risks associated with raw material cost fluctuations, which significantly impact product costs[150] Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[7] - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[6] - The company has no significant litigation or arbitration matters during the reporting period[166] - The company has no major penalties or rectification situations involving its directors, supervisors, senior management, or controlling shareholders during the reporting period[166] Subsidiaries and Joint Ventures - The company operates multiple subsidiaries, including those in Tianjin, Shanxi, Nanjing, and Guangdong, focusing on powder metallurgy products[11] - The company’s subsidiaries, such as Shanxi Dongmu and Tianjin Dongmu, showed continuous revenue growth and improved product structures[48] - The total net profit of major subsidiaries reached 100.02 million yuan, representing a year-on-year growth of 52.70%[122] - The total assets of Tianjin Dongmu amounted to 26,845.88 million yuan, with a debt ratio of 43.15% at the end of the reporting period[119] Future Outlook - The company projects a total profit of RMB 48,250,000 for 2018, representing a 30.89% increase compared to RMB 36,861,840 in 2017[147] - The expected operating revenue for 2018 is RMB 211,750,000, an 18.77% increase from RMB 178,289,810 in 2017[147] - The net profit attributable to the parent company is forecasted to be RMB 39,100,000, up 30.29% from RMB 30,010,190 in the previous year[147]

Financial Performance - Net profit attributable to shareholders rose by 92.71% to CNY 209,904,503.63 for the first nine months[5] - Operating revenue increased by 25.04% to CNY 1,297,448,870.36 year-on-year[5] - Basic earnings per share increased by 72.41% to CNY 0.50[5] - The company has seen a significant increase in net profit and revenue, indicating strong operational performance and market demand[5] - The company’s total comprehensive income for the first nine months of 2017 was ¥222,026,566.76, compared to ¥112,150,040.04 in the same period of 2016[35] - Year-to-date net profit for the first nine months of 2017 was ¥153,923,927.50, an increase of 84.4% from ¥83,375,004.44 in the same period last year[38] - Net profit for Q3 2017 was ¥62,948,599.50, representing a 100.5% increase compared to ¥31,324,882.51 in Q3 2016[35] Assets and Liabilities - Total assets increased by 10.63% to CNY 3,131,690,284.99 compared to the end of the previous year[5] - Current assets totaled CNY 1,384,847,998.32, up from CNY 1,228,504,664.13, indicating an increase of about 12.76%[26] - Total liabilities amounted to CNY 519,661,296.30, up from CNY 420,972,649.10, which is an increase of around 23.4%[28] - The company's equity attributable to shareholders reached CNY 2,453,249,797.20, compared to CNY 2,279,874,423.42 at the beginning of the year, representing a growth of about 7.6%[28] - Total assets as of the end of Q3 2017 amounted to ¥2,704,169,924.12, an increase from ¥2,499,897,481.70 at the end of Q3 2016[34] - Total liabilities as of the end of Q3 2017 were ¥401,491,490.68, compared to ¥314,613,845.91 at the end of Q3 2016[34] Cash Flow - Net cash flow from operating activities decreased by 36.04% to CNY 133,327,178.62[5] - Cash flow from operating activities for the first nine months of 2017 was ¥133,327,178.62, down 36.0% from ¥208,456,859.57 in the same period last year[40] - Cash inflow from financing activities totaled CNY 251,143,000.00, down from CNY 400,000,000.00 in the previous year[43] - Net cash flow from financing activities increased to CNY 114,191,831.31, compared to CNY 93,950,122.76 last year, reflecting a growth of 21.5%[43] Shareholder Information - The total number of shareholders reached 16,371 by the end of the reporting period[7] - The largest shareholder, Muku Special Metals Co., Ltd., holds 13.85% of the shares[8] Investments and Capital Expenditures - The company approved an investment of RMB 70.3765 million to increase the capital of Dongmu (Tianjin) Powder Metallurgy Co., Ltd. for a project with a total planned investment of RMB 93.9 million[15] - The company signed an investment intention letter to establish Changchun Dongmu Fu'ao New Materials Co., Ltd. with a registered capital of RMB 28 million, holding 70% of the equity[20] - The company is in the process of liquidating its wholly-owned subsidiary, Ningbo Dongmu Trading Co., Ltd., to enhance core competitiveness and resource utilization efficiency[14] Operational Changes - The company's construction in progress increased by 56.16%, reaching RMB 178,169,588.07, due to the new factory construction and equipment upgrades[12] - The company granted a total of 11 million restricted stocks to 272 incentive objects as part of its third phase stock incentive plan[17] Other Financial Metrics - The weighted average return on equity improved by 2.01 percentage points to 8.93%[5] - The company reported a significant increase in other current assets by 9,407.54%, totaling RMB 141,970,602.16, attributed to investments in financial products[12] - The company received demolition compensation of RMB 31,968,846.37, leading to a 264.55% increase in non-operating income compared to RMB 8,769,283.80 in the previous year[13]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 843,773,939.55, representing a 20.00% increase compared to CNY 703,145,191.04 in the same period last year [21] - The net profit attributable to shareholders for the first half of 2017 was CNY 150,575,981.13, a significant increase of 93.40% from CNY 77,856,644.83 in the previous year [21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 124,071,275.63, up 67.88% from CNY 73,905,704.13 year-on-year [21] - Basic earnings per share increased by 80.00% to CNY 0.36 compared to the same period last year [22] - Diluted earnings per share rose by 75.00% to CNY 0.35 year-on-year [22] - The weighted average return on equity increased by 1.44 percentage points to 6.42% [22] - The company achieved operating revenue of CNY 84,377.39 million, representing a year-on-year growth of 20.00% [38] - The net profit attributable to the listed company was CNY 15,057.60 million, an increase of 93.40% compared to the previous year [38] - The sales volume of products, including soft magnetic materials, reached 26,000 tons, up by 18.72% year-on-year [38] - The main business revenue was CNY 83,607.51 million, with a year-on-year growth of 20.33%, driven by a 23.52% increase in automotive parts sales [39] Cash Flow and Assets - The net cash flow from operating activities decreased by 35.90% to CNY 96,413,277.33 from CNY 150,399,721.42 in the same period last year [21] - The total assets of the company at the end of the reporting period were CNY 3,068,694,888.28, an increase of 8.40% from CNY 2,830,854,200.88 at the end of the previous year [21] - The net cash flow from operating activities decreased to CNY 75,153,166.39 from CNY 96,994,338.33, representing a decline of approximately 22.5% [154] - The total cash and cash equivalents at the end of the period rose to ¥385,334,395.32 from ¥77,441,897.71, reflecting an increase of approximately 396.5% [154] - The company's total liabilities amounted to CNY 566,249,199.08, up from CNY 420,972,649.10 at the start of the period [140] - The total equity attributable to shareholders increased to CNY 2,355,686,574.71 from CNY 2,279,874,423.42 [140] Investments and Expansion - The company has initiated construction of a new factory on a 27,954 square meter site, with an investment of CNY 10,622,520.00 [31] - A new land acquisition for a factory in Changchun was made for CNY 18,470,000.00, covering an area of 47,105 square meters [31] - The company plans to invest a total of RMB 93.9 million in Tianjin Dongmu, with RMB 70.3765 million raised for project construction [56] - The company made a cash investment of RMB 19.6 million for a 70% stake in Changchun Dongmu Fuao New Materials Co., Ltd. [55] Risks and Challenges - The company has detailed the major risks associated with its operations in the report, including market, exchange rate, production technology, raw material cost, and competitive risks [8] - The company faces market risks due to the global economic environment and the impact of domestic economic changes on its clients [71] - The company is exposed to exchange rate risks that could affect its sales targets and performance due to fluctuations in the RMB [72] - The company acknowledges production technology risks associated with the growing automotive market and the demand for new energy vehicles [73] - The company is at risk from raw material cost fluctuations, which significantly impact its product costs [74] - The company faces increased competition from both domestic and international powder metallurgy manufacturers [75] Shareholder and Capital Management - There were no profit distribution plans or capital reserve transfer plans for the first half of 2017 [4] - The company has implemented a stock incentive plan, granting 10,300,000 shares at a price of CNY 8.76 per share [30] - The total number of restricted shares with limited sale conditions increased from 44,212,132 to 53,712,132 shares due to stock incentive plans [116] - The total number of unrestricted circulating shares increased from 381,135,517 to 382,635,517 shares, resulting in a total share capital increase from 425,347,649 to 436,347,649 shares [116] - The company completed the implementation of its restricted stock incentive plan, with 1,500,000 shares listed on March 24, 2017, and subsequent unlocks of 3,825,000 shares and 240,000 shares on July 21 and August 4, 2017, respectively [83] Research and Development - Research and development expenses increased by 23.28% to ¥47,745,597.12, indicating a commitment to enhancing product innovation [45] - The company obtained 10 national invention patents and 14 utility model patents during the reporting period, enhancing its technological innovation capabilities [35] - The company continues to focus on R&D for high-precision and dense materials in key automotive applications, including VVT/VCT components [38] Corporate Governance and Meetings - The company held the 2016 Annual General Meeting on April 13, 2017, where 10 proposals, including the 2016 financial settlement report, were approved [78] - The company held the first extraordinary general meeting on May 18, 2017, approving 2 proposals related to changes in the implementation subjects and locations of certain fundraising investment projects [79] - The second extraordinary general meeting was held on June 6, 2017, where 3 proposals, including the third phase of the restricted stock incentive plan, were approved [79] Social Responsibility - The company employed 324 individuals from key poverty alleviation counties, with total wages amounting to 9.9361 million RMB during the reporting period [95] - The company plans to provide at least 20 job opportunities annually for five years to graduates and migrant workers from impoverished areas, with a total funding commitment of up to 500,000 RMB per year for educational and health projects [96] - The company aims to donate 1.5 million RMB to build a comprehensive teaching building in Guizhou Province's Shiqian County, a national-level poverty-stricken area [97]

Financial Performance - Net profit attributable to shareholders rose by 67.74% to CNY 58,309,422.63 year-on-year[5] - Operating revenue increased by 14.61% to CNY 406,652,611.60 compared to the same period last year[5] - Basic earnings per share increased by 55.56% to CNY 0.14 per share[5] - The weighted average return on equity increased by 0.27 percentage points to 2.52%[5] - Net profit attributable to shareholders of the parent company was RMB 58,309,422.63, reflecting a significant increase of 67.74% from RMB 34,762,479.91 year-on-year[13] - Net profit for Q1 2017 reached CNY 61,349,717.42, representing a 72.7% increase from CNY 35,532,651.36 in Q1 2016[35] - The total profit for Q1 2017 was CNY 51,903,758.96, an increase from CNY 37,163,561.92 in the same period last year, representing a growth of approximately 39.5%[39] - The net profit for Q1 2017 reached CNY 45,398,745.03, compared to CNY 33,708,186.95 in Q1 2016, marking an increase of about 34.7%[39] Assets and Liabilities - Total assets increased by 3.77% to CNY 2,937,537,292.87 compared to the end of the previous year[5] - Total current assets reached ¥1.30 billion, up from ¥1.23 billion at the start of the year, reflecting a growth of 5.8%[25] - Total liabilities amounted to ¥464.97 million, an increase from ¥420.97 million at the beginning of the year, indicating a rise of 10.5%[27] - The company's total assets reached ¥2.94 billion, compared to ¥2.83 billion at the beginning of the year, marking a growth of 3.8%[27] - Total liabilities for Q1 2017 were CNY 356,728,917.87, an increase from CNY 314,613,845.91, reflecting a rise of 13.4%[31] - Owner's equity totaled CNY 2,235,765,180.81, compared to CNY 2,185,283,635.79, showing an increase of 2.3%[31] Cash Flow - Net cash flow from operating activities decreased by 41.10% to CNY 62,281,167.66 compared to the previous year[5] - Cash flow from operating activities decreased by 41.10% to RMB 62,281,167.66, primarily due to higher payments for materials and taxes during the reporting period[13] - Operating cash flow for Q1 2017 was CNY 62,281,167.66, down from CNY 105,737,447.00 in Q1 2016, indicating a decrease of approximately 41.0%[43] - The company reported a cash inflow from operating activities of CNY 351,111,835.72 in Q1 2017, compared to CNY 341,998,281.03 in Q1 2016, an increase of about 2.5%[43] - The cash flow from investment activities showed a net outflow of CNY 49,457,925.62 in Q1 2017, compared to a net outflow of CNY 132,483,852.38 in Q1 2016, reflecting an improvement of about 62.7%[43] - The net cash flow from investing activities was -40,975,661.20 CNY, compared to -113,997,888.23 CNY in the previous period, indicating an improvement[46] Shareholder Information - The total number of shareholders reached 17,166 at the end of the reporting period[9] - The largest shareholder, Muka Special Metal Industry Co., Ltd., holds 14.21% of the shares[9] - The company completed the transfer of 22.3 million shares to Ningbo Xuhong Investment Management Partnership, representing 5.24% of the total share capital[14] - The fourth phase of the stock incentive plan was unlocked, allowing 1.5 million restricted shares to be released, accounting for 0.35% of the total share capital[17] Government and Other Financial Activities - The company received government subsidies amounting to CNY 2,183,932.75 during the reporting period[7] - Non-recurring gains and losses totaled CNY 2,047,269.20 for the quarter[7] - The company received CNY 100,000,000.00 from financing activities in Q1 2017, while it had received CNY 245,000,000.00 in the same period last year, indicating a decrease of approximately 59.2%[43] - The company received 150,000,000.00 CNY from borrowings during the financing activities[46] Operational Changes and Investments - The company plans to liquidate and deregister Ningbo Dongmu Trading Co., Ltd. to enhance core competitiveness and resource utilization efficiency[16] - The company has approved a project to add 2,000 tons of automotive power system components technology renovation, which will be implemented in Tianjin[20] - The company plans to invest ¥70.38 million in increasing the registered capital of Dongmu (Tianjin) Powder Metallurgy Co., Ltd., raising its registered capital from ¥81.62 million to ¥152 million[20] - The company has undergone changes in the implementation subject and location for part of its fundraising investment projects, enhancing operational flexibility[19] Inventory and Other Financial Metrics - The company reported inventory of ¥251.02 million, an increase of 6.3% from ¥236.24 million at the beginning of the year[25] - Inventory as of Q1 2017 was CNY 122,378,741.01, up from CNY 103,787,256.01, representing a growth of 17.8%[30] - The company’s other receivables decreased to CNY 238,969,108.79 from CNY 311,938,954.18, a decline of 23.4%[30] - The company reported a financial expense of CNY -479,145.90 in Q1 2017, a significant improvement compared to CNY 3,858,541.35 in the previous year[35]

Financial Performance - The company achieved a net profit of ¥144,040,541.26 for the year 2016, with a statutory reserve of ¥14,404,054.13, resulting in a total distributable profit of ¥300,038,634.81[4] - A cash dividend of ¥2.00 per 10 shares (including tax) is proposed, totaling ¥85,069,529.80, with retained earnings of ¥214,969,105.01 to be carried forward to the next year[4] - The company's operating revenue for 2016 was approximately ¥1.47 billion, representing a year-over-year increase of 7.22% compared to ¥1.37 billion in 2015[20] - Net profit attributable to shareholders of the listed company reached approximately ¥175.86 million, a 9.65% increase from ¥160.39 million in 2015[20] - The net profit after deducting non-recurring gains and losses was approximately ¥165.95 million, reflecting a 14.09% increase from ¥145.45 million in 2015[20] - The net cash flow from operating activities increased significantly by 65.21% to approximately ¥305.32 million from ¥184.81 million in 2015[20] - Total assets at the end of 2016 were approximately ¥2.83 billion, a 22.31% increase from ¥2.31 billion at the end of 2015[20] - The basic earnings per share for 2016 was ¥0.46, up 6.98% from ¥0.43 in 2015[21] - The diluted earnings per share increased by 7.14% to ¥0.45 in 2016 from ¥0.42 in 2015[21] - The weighted average return on net assets was 10.63%, a decrease of 0.46 percentage points from 11.09% in 2015[21] Risk Management - The report includes a detailed statement of significant risks associated with operational activities, including market, exchange rate, production technology, raw material cost, and competitive risks[8] - The company acknowledges the potential market risks arising from macroeconomic developments and aims to prepare risk response plans[137] - The company has established a framework for risk management, including the introduction of third-party liability insurance to enhance its ability to respond to major quality issues[139] Corporate Governance - The company received a standard unqualified audit report from Tianjian Accounting Firm[7] - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[6] - The company has no major litigation or arbitration matters during the reporting period.[155] - The company has no significant accounting policy changes or major accounting errors during the reporting period.[155] - The company has no bankruptcy reorganization matters during the reporting period.[155] - The company has no risks of suspension or termination of listing during the reporting period.[155] Shareholder Returns - The company has implemented a continuous cash dividend distribution since its listing in 2004, ensuring shareholder returns[147] - The company has a cash dividend policy that mandates a minimum of 30% of the annual net profit to be distributed as cash dividends to shareholders[144] - In 2016, the company distributed a cash dividend of 2.00 RMB per share, amounting to 85,069,529.80 RMB, representing 48.37% of the net profit attributable to ordinary shareholders[149] Investment and Financing - The company raised a total of approximately RMB 600 million through a private placement of 34,582,132 shares at a price of RMB 17.35 per share, resulting in a net fundraising amount of RMB 577.21 million after deducting issuance costs[33] - The company completed a private placement of 34,582,132 shares, raising a net amount of 577.21 million RMB, which will be used for projects including a new powder metallurgy technology transformation project with an annual increase of 12,000 tons in automotive power systems[55] - The company reported an investment income of ¥41,400 and a fair value change gain of ¥675,424 from securities investments during the reporting period[99][108] Production and Capacity Expansion - The company is expanding its production capacity with a new factory under construction, with a total investment expected to reach RMB 190 million[33] - The company has initiated automation upgrades in production processes, expanding the use of robots to improve product quality[60] - The company has actively replaced manual labor with robotics in production, improving product quality stability and reducing employee workload[177] Research and Development - The company invested CNY 79.53 million in R&D during the reporting period, an increase of 6.84% year-on-year, enhancing its innovation capabilities and core competitiveness[39] - The company holds 35 invention patents and 110 utility model patents as of the end of the reporting period, reflecting its strong focus on technological innovation[39] - The company has established "Dongmu Academy" to enhance employee training and skills development, ensuring reasonable growth in employee income[177] Market Position and Strategy - The company aims to expand its market share in high-end powder metallurgy automotive parts, particularly for VVT/VCT applications[136] - The company faces challenges from increased competition in the high-end powder metallurgy market due to foreign investments in China[128] - The company recognizes the need to improve its international brand recognition and talent pool to compete effectively[127] - The company’s overall strategy emphasizes precision, specialization, and technological advancement to adapt to market demands and enhance operational efficiency[44] Environmental and Social Responsibility - The company has implemented a strict environmental management system since obtaining ISO14001 certification in 2010, ensuring minimal environmental impact during production[177] - The company aims to provide at least 20 job opportunities annually for five years to graduates and migrant workers from impoverished areas[174] - The company plans to invest no more than RMB 500,000 annually for five years in educational and health projects in impoverished areas[174] - The company has awarded scholarships totaling RMB 1.2 million to students in powder metallurgy programs at two universities since 2011[176] Financial Health - The company's debt-to-asset ratio decreased from 28.35% at the beginning of the year to 14.87% at the end of the reporting period, a reduction of 13.48 percentage points[33] - The total cash and cash equivalents at the end of the period reached ¥428,933,396.07, a 202.94% increase from ¥141,591,829.88 at the beginning of the period[93] - The company reported a total of ¥12,591,946.98 in asset impairment losses, a significant increase from ¥536,929.44 in the previous year[90] Employee Welfare - The company has established new employee dormitories and canteens to enhance employee welfare[177] - The company employed 273 individuals from key poverty alleviation counties, with total wages amounting to RMB 14.2566 million[173] Stock Incentive Plans - The company approved the third phase unlocking of 4.5 million shares under the first stock incentive plan, effective on April 26, 2016.[156] - The first unlocking of 5.1 million shares under the second stock incentive plan was approved, effective on July 25, 2016.[156] - The company's stock incentive plans are linked to performance evaluations, impacting the actual number of shares unlocked[191]

2016 年第三季度报告 公司代码：600114 公司简称：东睦股份 东睦新材料集团股份有限公司 2016 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2016 年第三季度报告 一、 重要提示 1.1 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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人芦德宝、主管会计工作负责人肖亚军及会计机构负责人（会计主管人员）肖亚军 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末 比上年度末 | | --- | --- | --- | --- | --- | | | | 调整后 | ...