2018 年第三季度报告 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 公司负责人徐立华、主管会计工作负责人林建华及会计机构负责人（会计主管人员）赵修柱 保证季度报告中财务报表的真实、准确、完整。 公司代码：600130 公司简称：波导股份 宁波波导股份有限公司 2018 年第三季度报告 1 / 18 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2018 年第三季度报告 一、 重要提示 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 总资产 | 1,01 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 293,622,378, a decrease of 63.79% compared to CNY 810,921,871 in the same period last year[18]. - The net profit attributable to shareholders was CNY 31,435,625, a significant improvement from a loss of CNY 29,157,113 in the previous year[18]. - The basic earnings per share for the first half of 2018 was CNY 0.04, compared to a loss of CNY 0.04 in the same period last year[19]. - The weighted average return on net assets increased by 6.63 percentage points to 3.66% from -2.97% in the previous year[19]. - The company reported an operating profit of CNY 31,259,953, a turnaround from an operating loss of CNY 30,161,691 in the same period last year[61]. - The company achieved an asset disposal gain of CNY 15,069,310, compared to a minimal gain of CNY 2,174 in the previous year[61]. - The company plans to continue focusing on market expansion and new product development to drive future growth[62]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 10.48% to CNY 39,660,744.30 compared to CNY 35,898,502.94 in the same period last year[18]. - Operating cash flow for the first half of 2018 was CNY 106,680,071.66, a significant increase from CNY 23,527,678.69 in the same period last year, representing a growth of approximately 353%[70]. - The total cash inflow from financing activities was CNY 85,102,715.00, while cash outflow for debt repayment was CNY 97,456,585.00, resulting in a net cash flow from financing activities of CNY -12,951,961.60[68]. - The company experienced a net decrease in cash and cash equivalents of CNY -9,069,663.52, compared to a decrease of CNY -9,680,536.72 in the previous year[68]. - Cash and cash equivalents decreased by 8.54% to CNY 97,092,187.55, indicating a tightening liquidity position[30]. Assets and Liabilities - The total assets decreased by 6.45% to CNY 991,331,275.06 from CNY 1,059,655,413.39 at the end of the previous year[18]. - Total liabilities decreased from CNY 216,894,236.74 to CNY 117,171,974.30, a reduction of approximately 45.9%[56]. - Owner's equity increased from CNY 842,761,176.65 to CNY 874,159,300.76, an increase of about 3.7%[57]. - The total owner's equity at the end of the period is CNY 966,151,944.35, reflecting a decrease of CNY 29,026,432.67 compared to the previous period[78]. Inventory and Receivables - The company's inventory decreased by 48.13% to CNY 49,153,617.67, reflecting a reduction in procurement scale[30]. - Accounts receivable decreased from CNY 85,459,061.98 to CNY 38,649,428.12, a decline of about 54.7%[56]. - The total balance of other receivables at the end of the period is 53,355,889.07 RMB, with a bad debt provision of 12,721,870.53 RMB, representing a provision ratio of 23.84%[165]. Research and Development - Research and development expenses decreased by 71.29% to CNY 12,763,690.22, primarily due to a reduction in R&D personnel and project investments[27]. Market Position and Competition - The company's market position is under pressure as leading domestic brands increase their market share, squeezing out smaller competitors[26]. - The company faces significant risks in the mobile communications industry due to intense competition and rapid technological advancements[34]. Corporate Governance and Shareholder Information - The largest shareholder, Bowei Technology Group Co., Ltd., holds 125,946,400 shares, accounting for 16.40% of the total shares[49]. - The second-largest shareholder, Beijing Zhicheng Hengtong Investment Management Co., Ltd., increased its holdings by 2,527,921 shares, totaling 7,697,221 shares, which is 1.00% of the total[49]. - The top ten shareholders do not have any associated relationships or concerted actions as per the regulations[50]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[87]. - The company adheres to the accounting standards for enterprises, ensuring that financial statements reflect its financial position and operating results accurately[89]. - There were no changes in the accounting policies or estimates compared to the previous accounting period[44]. Environmental and Regulatory Compliance - There are no updates on environmental information disclosures or major environmental issues during the reporting period[44].

Financial Performance - Operating revenue fell by 62.79% to CNY 162,294,097.51 year-on-year[6] - Net profit attributable to shareholders was CNY 6,815,255.21, a significant recovery from a loss of CNY 8,725,619.75 in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.01, recovering from a loss of CNY 0.01 per share in the previous year[6] - Total revenue for Q1 2018 was CNY 162,294,097.51, a decrease of 62.8% compared to CNY 436,190,711.24 in the same period last year[19] - Net profit for Q1 2018 was CNY 6,815,255.21, a significant improvement from a net loss of CNY 8,725,619.75 in the previous year[19] - The total operating profit for Q1 2018 was ¥50,758,577.23, compared to a loss of ¥725,427.80 in the same period last year[23] - The net profit for Q1 2018 reached ¥50,760,039.68, while the previous year showed a net loss of ¥766,229.83[23] Cash Flow - Cash flow from operating activities increased by 36.55% to CNY 9,093,683.85 compared to the same period last year[6] - The net cash flow from operating activities increased by 36.55% to RMB 9,093,683.85 from RMB 6,659,807.89 year-on-year[12] - Cash flow from operating activities generated a net cash inflow of ¥9,093,683.85, an increase from ¥6,659,807.89 in the prior year[25] - Cash received from sales of goods and services was ¥196,453,382.22, significantly down from ¥536,413,497.95 in the previous year[24] - Cash flow from investment activities resulted in a net cash inflow of ¥2,129,547.17, compared to a net outflow of ¥49,738,861.77 in the same period last year[25] - The total cash inflow from investment activities was ¥189,183,127.17, compared to ¥47,585,566.65 in the prior year[25] - The cash flow from financing activities showed a net inflow of ¥22,625,873.34, compared to no inflow reported in the previous year[25] Assets and Liabilities - Total assets decreased by 5.82% to CNY 998,023,684.18 compared to the end of the previous year[6] - The company's total assets as of March 31, 2018, were RMB 998,023,684.18, down from RMB 1,059,655,413.39 at the beginning of the year[13] - The total liabilities decreased to RMB 148,273,114.17 from RMB 216,894,236.74 at the beginning of the year[14] - The company's total liabilities increased to CNY 150,488,341.96 from CNY 149,270,764.59, a rise of 0.8%[17] - The company's cash and cash equivalents increased to RMB 115,438,426.68 from RMB 106,161,851.07 at the beginning of the year[13] - Current assets totaled CNY 536,225,095.11, slightly down from CNY 537,434,117.75 at the start of the year[17] Shareholder Information - The total number of shareholders reached 73,497 at the end of the reporting period[9] - The largest shareholder, Waveguide Technology Group Co., Ltd., holds 16.40% of the shares[9] Other Financial Metrics - The weighted average return on equity improved by 1.69 percentage points to 0.81%[6] - Non-recurring gains and losses totaled CNY 2,617,353.21 for the reporting period[8] - The company's management expenses decreased by 66.14% to RMB 9,324,035.45 from RMB 27,533,919.17 in the same period last year[12] - The company reported a 100% decrease in income tax expenses due to unrecouped losses in the current period[12] - The company has no new financing projects in the current period, resulting in a 100% decrease in net cash flow from financing activities[12] - The company's investment income rose significantly by 1,234.20% to RMB 581,448.84 from RMB 43,580.34 year-on-year[12] - The total equity attributable to shareholders increased to CNY 813,848,463.36 from CNY 763,088,423.68, marking a growth of 6.7%[17] - The company reported a comprehensive income total of CNY 6,989,393.36, recovering from a comprehensive loss of CNY -8,692,770.60 in the previous year[20]

Financial Performance - The company's operating revenue for 2017 was CNY 1,619,824,840.10, a decrease of 49.22% compared to CNY 3,190,023,343.41 in 2016[19] - The net profit attributable to shareholders was a loss of CNY 152,706,937.14, representing a decline of 595.68% from a profit of CNY 30,807,547.81 in the previous year[19] - The basic earnings per share for 2017 was -CNY 0.20, a decrease of 600.00% compared to CNY 0.04 in 2016[20] - The total assets at the end of 2017 were CNY 1,059,655,413.39, down 25.98% from CNY 1,431,668,632.40 at the end of 2016[19] - The net assets attributable to shareholders decreased by 15.32% to CNY 842,761,176.65 from CNY 995,178,377.02 in 2016[19] - The weighted average return on net assets was -16.62% in 2017, a decrease of 19.76 percentage points from 3.14% in 2016[20] - The company reported a net loss of approximately RMB 152.71 million in 2017, indicating ongoing financial challenges[60] - The company reported a significant reduction in costs, with raw material costs decreasing by 43.81% to CNY 1,468,507,885.85[40] - The total comprehensive income for the current period is a loss of ¥152,417,200.37, compared to a profit of ¥30,534,480.38 in the previous period[131] Cash Flow and Investments - The cash flow from operating activities for 2017 was CNY 46,078,993.82, a significant improvement from -CNY 198,951,551.84 in 2016[19] - The company reported a net cash outflow from investment activities of CNY -118,311,078.90, a decrease of 570.34% year-on-year[35] - The net cash flow from operating activities improved to CNY 46,078,993.82, compared to a negative CNY 198,951,551.84 in the previous year[46] - The company reported a net cash flow from operating activities for the year 2017 of ¥83,807,559.52, a significant improvement compared to a net outflow of ¥274,689,532.85 in the previous year[136] - The cash inflow from the sale of goods and services was ¥535,242,889.95, a substantial increase from ¥46,939,344.79 in the previous year[136] Market and Industry Trends - The mobile phone market experienced its first decline in shipment volumes since Q4 2017, impacting overall industry performance[28] - The company faced intensified competition, leading to a significant reduction in market share for smaller manufacturers[32] - The overall industry trend indicates a shift towards software, service, and content innovation as key competitive factors[28] - The mobile communications industry remains highly competitive, with significant risks in technology and market dynamics affecting the company's mobile business[56] - The mobile phone industry is experiencing polarization, with Chinese brands gaining market share while smaller brands face declining market presence[54] Management and Operational Challenges - The company did not distribute profits for the year 2017 and did not conduct capital reserve transfers to increase share capital[5] - The company’s management expenses increased by 25.83% to CNY 147,901,319.02, reflecting ongoing operational challenges[35] - The company aims to turn losses into profits in 2018, focusing on strict cost control and seeking new profit growth points[56] - The company plans to enhance resource utilization efficiency and actively seek partnerships to overcome operational difficulties[57] - The company has been exploring new business areas and development models to reduce reliance on its mobile phone business, although these efforts face considerable uncertainty[58] Shareholder and Equity Information - The total number of ordinary shareholders increased from 73,497 to 82,956 during the reporting period[82] - The largest shareholder, Waveguide Technology Group Co., Ltd., holds 125,946,400 shares, accounting for 16.4% of the total shares, with 60 million shares pledged[84] - The company does not have a controlling shareholder or actual controller, as confirmed in the 2015 announcement regarding changes in shareholding[86] - The company has a diversified shareholder base with multiple trust plans, including National Trust's Sunshine Stable 10 and Anmin 22, holding 10,315.1 million RMB and 7,645.9 million RMB respectively[85] - The company’s shareholder structure indicates no related party relationships among the top ten shareholders, ensuring independent governance[85] Accounting and Financial Reporting - The company has been implementing new accounting policies since May 2017, which may impact financial reporting[63] - The financial statements indicate a need for strategic adjustments to improve profitability and equity position moving forward[143] - The company adheres to specific accounting policies for receivables, fixed assets, and revenue recognition, ensuring accurate financial reporting[151] - The company’s financial reports comply with the requirements of enterprise accounting standards, providing a true and complete reflection of its financial status[152] - The company recognizes provisions for liabilities when there is a present obligation that is likely to result in an outflow of economic benefits and can be reliably measured[198] Employee and Management Compensation - Total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 3.32 million yuan[96] - The annual remuneration for senior management is determined based on performance assessments according to the company's established guidelines[96] - The company has not granted any stock incentives to directors and senior management during the reporting period[94] - The company emphasizes a performance-based compensation policy, with different strategies for various employee categories to enhance engagement and productivity[100] - The company has established a comprehensive training program to improve employee skills and align personal growth with corporate development[101]

2017 年第三季度报告 公司代码：600130 公司简称：波导股份 宁波波导股份有限公司 2017 年第三季度报告 1 / 17 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2017 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 张恒顺 | 独立董事 | 工作原因 | 胡左浩 | 1.3 公司负责人徐立华、主管会计工作负责人林建华及会计机构负责人（会计主管人员）赵修柱 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、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 810,921,871.56, a decrease of 55.25% compared to CNY 1,812,223,468.11 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was a loss of CNY 29,157,113.40, representing a decline of 291.27% from a profit of CNY 15,243,767.96 in the previous year[20]. - The net cash flow from operating activities was CNY 35,898,502.94, a significant improvement from a negative cash flow of CNY -232,982,481.42 in the same period last year[20]. - Basic earnings per share for the first half of 2017 were -CNY 0.04, a decrease of 300.00% compared to CNY 0.02 in the same period last year[21]. - The weighted average return on net assets was -2.97%, a decrease of 4.54 percentage points from 1.57% in the previous year[21]. - The company reported a total operating income of 608.10 million yuan, with an operating profit of -13.61 million yuan[40]. - The company reported a total comprehensive income for the first half of 2017 was a loss of CNY 29,026,432.67, compared to a gain of CNY 15,162,884.20 in the same period last year[75]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,227,464,172.78, down 14.26% from CNY 1,431,668,632.40 at the end of the previous year[20]. - The total liabilities decreased to CNY 261,312,228.43 from CNY 436,490,255.38, indicating a reduction of approximately 40.1%[69]. - The company's cash and cash equivalents at the end of the reporting period were ¥210,629,667.41, representing 17.16% of total assets[34]. - The company's accounts receivable decreased by 58.58% to ¥80,875,271.34, primarily due to reduced operating revenue[34]. - The company's total equity attributable to shareholders decreased to CNY 966,151,944.35 from CNY 995,178,377.02, a decline of approximately 2.9%[69]. Investments and Subsidiaries - The company invested ¥40 million in Shenzhen Huada Beidou Technology Co., acquiring a 10% stake during the reporting period[36]. - The company has seven wholly-owned subsidiaries, with no changes during the reporting period[38]. - The total balance of long-term equity investments at the end of the period reached RMB 102.29 million, with a significant portion in WABS and Huada Beidou[193]. - The company reported a book value of investment properties at the end of the period is RMB 138.19 million, down from RMB 141.87 million at the beginning of the period[198]. Operational Challenges - The company faced challenges in the low-end mobile phone OEM business, leading to significant pressure on operations and profitability[29]. - The overall mobile communications market is experiencing a slowdown in growth, with increased competition among domestic brands[29]. - The company expects a cumulative net profit loss for the period from January to September 2017, primarily due to a significant decline in operating revenue compared to the same period last year[39]. Legal and Regulatory Matters - The company has been involved in a significant lawsuit related to a loan agreement, with ongoing legal proceedings[46]. - The market value of the assets involved in the court case was assessed at 57.76 million yuan, but the assets failed to sell in three public auctions[48]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of ongoing operations, adhering to relevant accounting standards[96]. - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[98]. - The company recognizes revenue from the sale of goods when the risks and rewards of ownership have transferred to the buyer, and the amount of revenue can be reliably measured[147]. - The company applies a straight-line depreciation method for fixed assets, with varying useful lives and residual rates depending on the asset category[132]. Cash Flow and Financial Position - The company experienced a decrease in cash and cash equivalents, ending the period with CNY 210,629,667.41, down from CNY 403,138,164.91 at the beginning of the year[79]. - Cash flow from investment activities showed a net outflow of ¥28,875,877.23, slightly improved from a net outflow of ¥31,691,650.04 in the previous year[81]. - The company reported a government subsidy of ¥3,288,616.32, which was adjusted from "non-operating income" to "other income," with no impact on the current net profit[155]. Inventory and Receivables - The total balance of inventory at the end of the period is 241,877,560.36 CNY, with a total provision for inventory depreciation of 17,903,023.81 CNY[181]. - The accounts receivable at the end of the period amounted to 85,490,199.64 RMB, with a bad debt provision of 4,614,928.30 RMB, representing 5.40% of the total[168]. - The company recorded a provision for bad debts of 5,914,574.44 RMB during the current period, with no recoveries or reversals[170].

Financial Performance - Operating revenue fell by 50.29% to CNY 436,190,711.24, primarily due to a reduction in product sales scale[11] - Net profit attributable to shareholders was a loss of CNY 10,079,515.05, representing a decrease of 230.7% compared to the same period last year[6] - The company’s basic earnings per share decreased by 200.00% to -CNY 0.01[6] - Total operating revenue for Q1 2017 was ¥436,190,711.24, a decrease of 50.3% compared to ¥877,552,961.27 in the same period last year[24] - Net profit for Q1 2017 was a loss of ¥8,725,619.75, compared to a profit of ¥10,546,014.82 in Q1 2016[25] - The company reported a total comprehensive loss of ¥8,692,770.60 for Q1 2017, compared to a comprehensive income of ¥10,567,362.18 in Q1 2016[26] Cash Flow - Cash flow from operating activities improved to CNY 6,659,807.89, a significant recovery from a loss of CNY 105,457,249.91 in the previous year[6] - The net cash flow from operating activities was ¥20,157,294.55, a significant improvement compared to the previous year's net cash flow of -¥73,574,544.17[31] - Total cash inflow from operating activities was ¥186,876,675.64, while cash outflow was ¥166,719,381.09, resulting in a net cash flow of ¥20,157,294.55[31] - Cash flow from operating activities showed a substantial increase in cash received from sales, amounting to ¥139,565,096.10, compared to ¥4,250,384.85 in the previous year[31] Assets and Liabilities - Total assets decreased by 5.20% to CNY 1,357,186,563.37 compared to the end of the previous year[6] - Current assets totaled ¥981,480,939.82, a decrease from ¥1,088,900,067.25 at the start of the year, with cash and cash equivalents at ¥199,705,824.81[16] - The company’s total liabilities were ¥370,700,956.95, down from ¥436,490,255.38 at the beginning of the year[18] - The company's total liabilities increased to ¥166,232,639.75 from ¥151,894,065.15, reflecting a rise of 9.0%[25] - The total equity decreased slightly to ¥815,569,171.90 from ¥816,335,401.73, a decline of 0.1%[25] Inventory and Receivables - The company recorded a significant decrease in accounts receivable, which fell to ¥100,085,920.89 from ¥195,255,271.21[16] - Inventory increased to ¥282,411,159.28 from ¥226,821,274.57, indicating a potential buildup of stock[16] - The company reported a 54.06% decrease in asset impairment losses, amounting to CNY 9,402,269.50, attributed to reduced inventory write-downs[11] Financing Activities - The company received government subsidies of CNY 1,211,401.36, which are closely related to its normal business operations[7] - The net cash flow from financing activities was ¥22,625,873.34, a recovery from a net outflow of -¥29,732,932.91, attributed to an increase in ordinary loans secured by accounts receivable[12] - The company received ¥61,371,630.00 in cash from borrowings during the financing activities, an increase from ¥17,854,840.00 in the previous year[31] - The total cash outflow from financing activities was ¥38,745,756.66, compared to ¥47,587,772.91 in the previous year[31] Shareholder Information - The number of shareholders reached 101,755, indicating a stable shareholder base[10] - The company’s equity attributable to shareholders was ¥986,485,606.42, slightly down from ¥995,178,377.02 at the beginning of the year[18] Other Financial Metrics - The weighted average return on equity decreased by 1.97 percentage points to -0.88%[6] - Financial expenses for Q1 2017 were ¥547,925.85, compared to a financial income of -¥1,157,151.71 in the previous year[25] - Cash flow from investment activities showed a net outflow of -¥48,970,994.56, compared to -¥36,072,219.95 in the previous year[31] - The cash flow from investment activities included cash inflow of ¥47,571,544.44 and cash outflow of ¥96,542,539.00[31] - The company experienced a negative impact of -¥103,708.31 from exchange rate fluctuations on cash and cash equivalents[32]

Financial Performance - The company's operating revenue for 2016 was CNY 3,190,023,343.41, representing a 66.86% increase compared to CNY 1,911,770,480.81 in 2015[17] - The net profit attributable to shareholders for 2016 was CNY 30,807,547.81, a decrease of 49.48% from CNY 60,982,353.62 in 2015[17] - The basic earnings per share for 2016 was CNY 0.04, down 50.00% from CNY 0.08 in 2015[18] - The operating profit for the year was CNY 18,157,500, a decrease of 54.12% compared to the previous year[30] - The total profit for the current period was ¥36,561,910.36, down 42.2% from ¥63,187,257.69 in the last period[119] - The total comprehensive income for the current period was ¥30,534,480.38, down 53.8% from ¥66,113,989.91 in the previous period[120] Assets and Liabilities - The total assets at the end of 2016 were CNY 1,431,668,632.40, an increase of 4.00% from CNY 1,376,650,197.06 at the end of 2015[17] - Current liabilities rose to CNY 428,688,140.05, up from CNY 403,428,780.77, indicating an increase of about 6.3%[115] - Total liabilities increased to CNY 436,490,255.38 from CNY 412,006,300.42, marking a rise of about 5.9%[115] - The company's equity attributable to shareholders rose to CNY 995,178,377.02 from CNY 964,643,896.64, an increase of approximately 3.2%[115] Cash Flow - The company reported a negative cash flow from operating activities of CNY -198,951,551.84 in 2016, a decline of 312.77% compared to CNY 93,503,757.97 in 2015[17] - Cash and cash equivalents decreased by 45.35% to ¥220,310,204.13, primarily due to a reduction in net cash flow from operating activities[45] - Cash inflow from sales of goods and services reached ¥3,207,460,307.52, up from ¥2,023,212,963.27, representing a 58.7% increase year-over-year[124] - Cash outflow for purchasing goods and services was ¥3,586,271,278.40, compared to ¥1,975,463,754.44, marking an increase of 81.7%[124] Research and Development - The company's R&D expenditure increased by 29.19% to CNY 81,194,780.22[33] - Research and development expenses totaled CNY 81,194,780.22, accounting for 2.55% of total revenue[41] - The company aims to increase R&D investment and enhance organizational management to improve R&D capabilities[53] Market and Competition - The global smartphone shipment in 2016 was 1.47 billion units, with a growth rate of only 3% compared to the previous year[29] - The competitive landscape in the smartphone market is intensifying, with the top five brands holding over 70% market share[25] - The company is focusing on low-end smartphone markets and has increased cooperation with telecom operators to boost sales[29] Shareholder and Dividend Policy - The company has revised its profit distribution policy to ensure a stable return for investors, committing to distribute at least 30% of distributable profits as cash dividends when profitable[58] - The company has not proposed a cash dividend distribution plan for the reporting period due to accumulated losses, indicating it does not meet the conditions for cash dividends[59] - The company has a history of cash dividends, with amounts distributed in previous years being 30,807,547.81 RMB in 2016, 60,982,353.62 RMB in 2015, and 74,352,240.99 RMB in 2014[60] Governance and Compliance - The company maintained a healthy governance structure, ensuring compliance with relevant regulations and protecting shareholder interests[101] - The board of directors held 8 meetings during the year, with all members actively participating, demonstrating strong governance practices[103] - The internal control audit report confirmed that the company maintained effective financial reporting controls throughout the year[106] Employee and Management - Total compensation for all directors, supervisors, and senior management during the reporting period amounted to 3.4799 million yuan[93] - The company employed a total of 1,250 staff, with 677 in production, 33 in sales, 431 in technology, 24 in finance, and 85 in administration[96] - The company has established a comprehensive training program aimed at enhancing employee skills and capabilities[98] Risks and Future Outlook - The company has not reported any significant risks that would adversely affect its future development strategies and operational goals[4] - The company faces challenges due to increasing brand concentration in the smartphone market, with the top five brands holding over 70% market share[51] - The company has faced significant uncertainties in developing new products and exploring new businesses, which may impact future performance[55] Accounting Policies - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial status accurately[146] - The company recognizes research phase expenditures as expenses in the current period, while development phase expenditures can be capitalized if certain criteria are met[182] - The company uses a weighted average method for inventory valuation and assesses net realizable value based on the lower of cost or net realizable value[166]

2016 年第三季度报告 公司代码：600130 公司简称：波导股份 宁波波导股份有限公司 2016 年第三季度报告 1 / 18 | 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 | 5 | | 四、 | 附录 | 8 | 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 公司负责人徐立华、主管会计工作负责人孙景艳及会计机构负责人（会计主管人员）赵修柱 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 | | | --- | --- | --- | --- | --- | | | | | 增减(%) | ...

Financial Performance - The company achieved operating revenue of CNY 1,812,223,468.11, representing a year-on-year increase of 138.68%[22] - The net profit attributable to shareholders was CNY 15,243,767.96, a decrease of 26.12% compared to the previous year[22] - The basic earnings per share decreased by 33.33% to CNY 0.02 from CNY 0.03 in the same period last year[20] - The weighted average return on net assets decreased by 0.70 percentage points to 1.57%[20] - The net cash flow from operating activities was negative at CNY -232,982,481.42, a decline of 446.17% compared to the previous year[22] - The company reported a decrease in operating profit by 30.80% to CNY 9,031,600.00[25] - The total operating revenue reached 1,620,730,817.78 RMB, representing a year-on-year increase of 124.42%[35] - The revenue from the Asian market was 1,304,942,527.92 RMB, showing a significant increase of 244.36% compared to the previous year[35] Cash Flow and Liquidity - The net cash flow from operating activities was -232,982,481.42 RMB, a decrease of 446.17% compared to the previous period[28] - The company reported a cash balance of CNY 119,656,389.50 at the end of the period, a decrease from CNY 403,138,164.91 at the beginning of the period, indicating a significant reduction in liquidity[161] - Cash inflow from operating activities totaled ¥2,025,522,877.57, compared to ¥970,663,352.96 in the previous period, marking an increase of approximately 108.5%[86] - Cash outflow from operating activities was ¥2,258,505,358.99, up from ¥903,361,083.57 in the previous period, indicating a rise of about 149.8%[86] - The ending balance of cash and cash equivalents decreased to 54,670,580.10 RMB from 255,200,391.95 RMB at the beginning of the period, reflecting a decline of approximately 78.5%[89] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,371,658,895.43, a slight decrease of 0.36% from the previous year[22] - Current assets totaled CNY 1,044,121,761.03, down from CNY 1,110,919,154.29 at the start of the period, indicating a decrease of approximately 6.0%[72] - Total liabilities increased to ¥77,920,465.65 from ¥46,493,604.65, marking an increase of approximately 67.5%[76] - The total equity attributable to shareholders of the parent company was ¥817,183,882.81, a slight decrease from ¥825,068,236.24 at the beginning of the year, indicating a decline of about 1.1%[76] Subsidiaries and Investments - The company has a total of 7 wholly-owned subsidiaries as of the end of the reporting period, including the newly established Ningbo Bodao Information Industry Investment Co., Ltd. with a registered capital of RMB 80 million[45] - The subsidiary "Ningbo Bodao Software Co., Ltd." reported a net profit of RMB 2.87 million, with total assets of RMB 10.5 million and operating income of RMB 2.44 million[47] - The subsidiary "Fenghua Bodao Software Co., Ltd." reported a net profit of RMB 6.96 million, with total assets of RMB 10.27 million and operating income of RMB 3.01 million[48] - The company has invested in various bank wealth management products, with a total of RMB 1.1 billion in investments, of which RMB 110 million and RMB 20 million are still outstanding from Ningbo Bank and China Construction Bank respectively[43] Research and Development - Research and development expenses increased to 44,266,617.35 RMB, up 51.22% year-on-year[28] - The company recognizes the need for innovation and breakthroughs to maintain sustainable growth in a competitive market[25] Dividend Policy - The company did not declare any cash dividends for the reporting period due to accumulated losses[5] - The company has a commitment to distribute dividends in cash or stock when profitable, with specific conditions outlined for both methods[51] - The company has not declared any cash dividends due to accumulated losses, and the profit distribution policy states that at least 30% of distributable profits will be distributed in cash when conditions allow[50] Financial Reporting and Compliance - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[101] - The accounting policies are tailored to the company's operational characteristics, including provisions for bad debts and depreciation methods[102] - The financial reports comply with the requirements of enterprise accounting standards, reflecting the company's financial status accurately[103] Impairment and Provisions - The company uses the aging analysis method to provision for bad debts, with a 5% provision for accounts receivable within 1 year, 15% for 1-2 years, 30% for 2-3 years, 50% for 3-4 years, and 100% for over 5 years[121] - The total accounts receivable at the end of the period amounted to ¥146,425,211.13, with a bad debt provision of ¥7,551,555.65, representing a provision ratio of 5.16%[166] - The total balance of available-for-sale financial assets is ¥62,292,535.00, with a provision for impairment of ¥1,572,535.00[188] Market and Competitive Position - The company plans to enhance cooperation with operators and expand into overseas markets to improve sales of smartphones[25] - The company did not experience any significant changes in its core competitiveness during the reporting period[36] - There were no major changes in the company's profit structure or sources during the reporting period[29]