1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2018 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季度报告。 2018 年第一季度报告 公司代码：600167 公司简称：联美控股 联美量子股份有限公司 2018 年第一季度报告 1.3 公司负责人苏壮强、主管会计工作负责人潘文戈及会计机构负责人（会计主管人员）智桥保 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。 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 | | | --- | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 年度末增减(%) | | | 总资产 | 10,809,382,601.7 ...

Financial Performance - The company's operating revenue for 2017 was RMB 2,376,375,380.44, representing a 16.24% increase compared to RMB 2,044,444,894.91 in 2016[21] - The net profit attributable to shareholders for 2017 was RMB 922,123,824.73, a 31.93% increase from RMB 698,923,929.34 in 2016[21] - The company's net profit attributable to shareholders increased by 31.93% year-on-year, while the net profit excluding non-recurring gains and losses surged by 95.77%[23] - Basic and diluted earnings per share rose by 12.62% to CNY 1.1573 per share, driven by the growth in net profit[23] - The company's net profit reached ¥944,124,459.28, reflecting a growth of 31.89%, with net profit attributable to shareholders at ¥922,123,824.73, up 31.93%[41] - Operating revenue for the current period reached ¥2,393,703,138.44, an increase from ¥2,250,565,264.25 in the previous period, reflecting a growth of approximately 6.35%[199] - Net profit for the current period was ¥956,679,182.35, significantly up from ¥62,193,516.58 in the previous period, marking an increase of approximately 1431.56%[197] Assets and Equity - The total assets at the end of 2017 reached RMB 11,136,330,015.53, a 71.36% increase from RMB 6,498,648,559.03 at the end of 2016[22] - The total equity attributable to shareholders increased to RMB 7,105,307,268.23 by the end of 2017, marking a 185.26% increase from RMB 2,490,820,583.63 at the end of 2016[22] - The company's net assets grew by 185.26%, primarily due to the increase in net profit and the issuance of 199,896,694 shares at CNY 19.36 per share, raising approximately CNY 3.87 billion[23] - Total assets increased from RMB 7,293,649,916.36 to RMB 11,136,330,015.53 after the share issuance, representing a growth of approximately 52.5%[127] - Total equity rose from RMB 3,316,492,969.49 to RMB 7,159,173,068.66, indicating an increase of about 115.5%[127] Cash Flow - The net cash flow from operating activities for 2017 was RMB 1,122,743,633.67, which is a 9.45% increase from RMB 1,025,833,676.56 in 2016[21] - The company experienced a net cash flow from operating activities of CNY 1,254,271,750.23 in Q4 2017, indicating strong cash generation capabilities[26] - The net cash flow from operating activities for the reporting period was ¥1,122,743,633.67, while the net cash flow from investing activities was -¥665,916,799.25, and the net cash flow from financing activities was ¥3,691,965,455.18[59] - The company’s cash and cash equivalents increased by ¥4,148,792,289.60 during the period, compared to an increase of ¥255,850,752.88 in the previous period[200] Investments and Acquisitions - The company completed a private placement of 199,896,694 shares at ¥19.36 per share, raising a total of ¥3,869,999,995.84[42] - The company signed a framework agreement worth ¥330 million for biomass power generation investment in March 2017, currently under feasibility assessment[43] - The company completed the acquisition of 100% equity in Shanghai Jiongming Economic Development Co., Ltd. and its subsidiary, Shanghai Huirong Financing Leasing Co., Ltd.[44] - The company participated in acquiring 40 million shares of Xinda Property Insurance Co., Ltd., representing 13.33% of the total share capital, for 650.1214 million yuan[75] - The company invested 500 million yuan in the Guotou Taikang Trust - Xintianweng 350 Fund Trust Plan, with a trust period of 24 months[78] Operational Highlights - The company is focused on clean energy heating, with a goal to increase the clean heating rate in northern regions to 70% by 2021, aligning with national environmental policies[30] - The company operates a diversified business model including heating, electricity, steam supply, and property management, with a focus on innovative heating systems[31] - The average heating area covered approximately 56 million square meters, with connected area reaching 73.6 million square meters, an increase of over 20%[43] - The company has developed advanced technologies in energy efficiency, including a "smoke gas four removal and one recovery" technology, which received high recognition from various authorities[31] - The company is focusing on clean heating solutions, with a target of achieving a clean coal heating area of 11 billion square meters by 2021, reflecting a compound annual growth rate of 26%[82] Risk Management - The company has outlined potential risks in its future development, which are detailed in the report[7] - The company faces risks related to fluctuating raw material prices, particularly coal, and has implemented strategies to mitigate these risks through long-term partnerships and cost control measures[88] - Climate conditions significantly affect the company's heating business, with temperature fluctuations directly impacting profitability[89] - Safety risks are associated with high-temperature and high-pressure boiler operations, but the company has maintained a strong safety record over the years[89] Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, taking legal responsibility for any misrepresentation[8] - The company has received a standard unqualified audit opinion from Zhongxi Certified Public Accountants[4] - The company has committed to maintaining independent financial accounting and management systems post-restructuring[96] - The company has implemented strict information disclosure management to ensure transparency and fairness for all shareholders[159] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 822,400[150] Environmental Compliance - The company has been listed as a key pollutant discharge unit, with emissions of smoke, sulfur dioxide, and nitrogen oxides being monitored[120] - All subsidiaries reported actual pollutant emissions significantly below the regulatory limits in 2017[120] - The company has made significant upgrades to its environmental protection equipment to comply with national standards[120] - The company plans to continue investing in energy-saving and environmental protection technologies, including low NOx emission technologies and biomass energy research[58]

Financial Performance - Total operating revenue for the first nine months increased by 18.88% to CNY 1,337,967,654.40 compared to the same period last year[6] - Net profit attributable to shareholders increased by 56.83% to CNY 467,388,408.94 compared to the same period last year[6] - Basic earnings per share increased by 38.71% to CNY 0.6078 compared to the same period last year[6] - The net profit for the first nine months of 2017 was ¥604,637,113.81, compared to ¥370,688,741.42 in the same period last year, reflecting a significant increase[27] - Operating income for the first nine months of 2017 was significantly higher at 478,591,599.00 compared to 305,606,063.87 in the same period last year[29] - The total profit for the first nine months of 2017 was 90,929,318.45, compared to a loss of 1,817,833.67 in the same period last year[33] Assets and Liabilities - Total assets increased by 53.54% to CNY 9,977,897,688.60 compared to the end of the previous year[6] - The total assets increased to CNY 9,977,897,688.60, up from CNY 6,498,648,559.03 at the beginning of the year, representing a growth of approximately 53.83%[19] - Cash and cash equivalents rose significantly to CNY 5,077,336,304.64 from CNY 1,273,967,260.45, marking an increase of 298.66%[19] - Inventory increased by 37.38% to CNY 117,895,116.88 compared to CNY 85,814,405.07 at the beginning of the year due to large-scale fuel procurement[19] - The company’s total liabilities decreased to CNY 957,883,669.78 from CNY 1,597,182,080.33, a reduction of approximately 40.06%[20] - Total liabilities decreased to ¥398,625,647.76 from ¥1,556,810,469.86 at the beginning of the year, showing improved financial stability[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 131,528,116.56, worsening from a net outflow of CNY 51,150,999.47 in the previous year[6] - Cash inflow from operating activities totaled CNY 914,992,807.58, an increase from CNY 841,978,559.10 in the previous year, representing a growth of approximately 8.9%[36] - Net cash outflow from operating activities was CNY -131,528,116.56, worsening from CNY -51,150,999.47 year-over-year[37] - Cash inflow from investment activities reached CNY 962,385,371.99, significantly up from CNY 7,489,915.64 in the previous year[37] - Cash inflow from financing activities amounted to CNY 3,842,909,995.87, a substantial increase from CNY 6,131,465.87 in the previous year[38] - The net increase in cash and cash equivalents was CNY 3,802,075,153.41, compared to a decrease of CNY -767,176,454.23 in the previous year[38] Shareholder Information - The number of shareholders reached 8,793 by the end of the reporting period[11] - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 48.48% of the shares[11] - The company’s equity increased to CNY 3,719,173,863.16 from CNY 85,916,361.29, reflecting a growth of 4,228.83% due to a private placement of shares[19] - The company's equity increased significantly to ¥5,301,598,988.66 from ¥1,358,474,507.65 at the beginning of the year, indicating strong growth in shareholder value[25] Financial Ratios and Returns - The weighted average return on equity decreased by 4.84 percentage points to 10.54% compared to the previous year[6] - Financial expenses decreased significantly by 439.00% to CNY -73,649,543.31, as the company no longer paid loan interest this period[19] - The net profit before tax increased, leading to a 55.00% rise in income tax expenses to CNY 143,145,128.59 compared to CNY 92,411,121.30 in the previous year[19] - The company reported a financial expense of -¥40,011,500.49 in Q3 2017, a significant improvement compared to the previous year's expense of ¥2,081,802.14[27]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 450,145,163.45 for the first half of 2017, representing a year-on-year increase of 42.56%[5]. - Operating revenue for the first half of 2017 was RMB 1,189,252,962.38, up 20.01% compared to the same period last year[21]. - The basic earnings per share for the first half of 2017 was RMB 0.6309, reflecting a growth of 35.88% year-on-year[22]. - Operating profit increased by 44.05% to ¥589,284,812.10, while net profit rose by 42.46% to ¥461,103,790.92[38]. - The company reported a significant increase of 208.00% in net profit attributable to shareholders after deducting non-recurring gains and losses, primarily due to the impact of a merger in 2016[23]. - The company reported a significant reduction in financial expenses, with a net financial income of ¥33,638,042.82 compared to an expense of ¥19,621,115.01 in the previous year[92]. - The company reported a total profit for the first half of 2017 of CNY 82,704,308.65, a substantial increase from CNY 2,695,669.40 in the same period last year, reflecting strong operational performance[96]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -313,335,534.52, compared to RMB -173,993,468.80 in the previous year[21]. - The company’s cash and cash equivalents surged by 293.67% to ¥5,015,092,369.88, primarily due to funds raised from a private placement[43]. - The total assets as of June 30, 2017, amounted to RMB 9,836,436,949.90, a 51.59% increase from the end of the previous year[21]. - The company’s total current assets reached RMB 6,066,574,641.09, up from RMB 2,647,281,607.66, indicating a significant increase of about 129.5%[85]. - The total liabilities decreased to RMB 3,022,686,457.40 from RMB 3,978,610,243.93, showing a reduction of about 24.2%[86]. - The company reported a substantial cash inflow from investment activities of CNY 213,249,257.50, compared to a cash outflow of CNY -222,513,381.48 in the previous year[99]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares, totaling RMB 140,807,352.32[5]. - The company plans to retain the remaining undistributed profits for the next year[50]. - The major shareholders include Lianzhong New Energy Co., Ltd. with 426,660,142 shares and Lianmei Group Co., Ltd. with 42,489,116 shares[68]. - The total number of common stock shareholders reached 8,956 by the end of the reporting period[70]. - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 426,660,142 shares, representing 48.48% of total shares[72]. Strategic Initiatives and Market Expansion - The company has transformed into an "environmental new energy comprehensive operator" since May 2016, focusing on clean energy and efficient utilization of traditional energy[27]. - The company aims to match the rapid growth in urban heating demand with large-scale utilization of clean energy, significantly reducing environmental pollution[28]. - The company plans to continue expanding its operations in Shenyang and nationwide, leveraging its successful business model[37]. - Market expansion plans include entering three new international markets by Q4 2017, targeting a 25% increase in market share[53]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[52]. Research and Development - Research and development expenses increased by 20.47% to ¥4,130,476.54, driven by higher direct fuel input costs[40]. - The company is investing $30 million in R&D for new technologies aimed at enhancing product efficiency[52]. - The company has established a new partnership with a technology firm to enhance its research and development capabilities[55]. Compliance and Governance - The financial report was approved for release on August 25, 2017, covering the first half of the year[116]. - The company has committed to maintaining financial independence post-restructuring, ensuring no resource sharing with controlled entities[53]. - The company will conduct a special audit of its financial status at the end of the fiscal year to ensure compliance with internal controls[54]. Environmental and Social Responsibility - The company’s "flue gas four removal and one recovery energy-saving and environmental protection technology" received high recognition from various departments and is expected to enhance the company's competitive edge in the environmental sector[32]. - The company has established a three-tier collaborative heating service system, improving energy utilization efficiency and reducing pollutant emissions compared to traditional methods[28]. Accounting and Financial Reporting - The company follows the enterprise accounting standards, ensuring that financial statements reflect true and complete financial status[119]. - The accounting basis is established on the assumption of going concern, indicating the company is expected to continue operations in the foreseeable future[118]. - The company recognizes revenue from sales of goods when significant risks and rewards are transferred to the buyer, with heating revenue recognized over five months from November to March[168].

Financial Performance - The company's net profit attributable to shareholders for 2016 was CNY 698,924,176.84, representing a 52.20% increase compared to the previous year[3]. - Total operating revenue for 2016 reached CNY 2,044,444,894.91, reflecting a year-on-year growth of 15.95%[18]. - The company's net profit attributable to shareholders increased by 52.20%, while the net profit excluding non-recurring gains and losses grew by 131.32%, primarily due to an increase in heating and connection areas, reduced costs, and investment income from the sale of a subsidiary[20]. - Basic and diluted earnings per share rose by 52.19% to CNY 1.0276 per share, driven by the growth in net profit[20]. - Operating profit increased by 44.63% to CNY 889,537,734.39, while net profit rose by 52.09% to CNY 715,841,802.28[39]. - Total profit for 2016 was CNY 923,609,225.23, up 52.2% from CNY 606,866,337.04 in the previous year[161]. - Total comprehensive income for the year was CNY 715,841,802.28, compared to CNY 470,683,068.46 in 2015, indicating strong overall performance[162]. Assets and Liabilities - The company's total assets as of the end of 2016 amounted to CNY 6,488,650,850.32, an increase of 8.97% from the previous year[19]. - Total liabilities increased from approximately 2.14 billion to 3.98 billion RMB after the share issuance[108]. - The total current liabilities decreased from CNY 1,843,359,702.35 to CNY 1,597,182,080.33, a decline of approximately 13.3%[155]. - Long-term borrowings decreased from CNY 239,768,131.65 to CNY 95,430,601.86, a reduction of about 60.2%[155]. - The total equity at the end of the current period reached CNY 2,510,040,606.39, showing growth in shareholder value[176]. Cash Flow - Cash flow from operating activities for 2016 was CNY 1,025,833,924.06, showing a slight decrease of 1.97% compared to the previous year[18]. - The company reported a net cash flow from operating activities of CNY 1,250,978,144.83 in the fourth quarter, contrasting with negative cash flows in the first three quarters[22]. - The total cash inflow from investment activities was CNY 177,287,012.28, significantly lower than CNY 1,391,217,162.24 in the previous year, indicating a decrease of approximately 87.3%[167]. - The cash inflow from operating activities was primarily driven by a decrease in cash payments for operating expenses, which fell to CNY 4,227,636.33 from CNY 200,432,073.77, a reduction of approximately 97.9%[170]. Investment and Restructuring - The company has completed a major asset restructuring involving the issuance of shares, with fundraising efforts still ongoing[3]. - The company completed a private placement of 469,149,258 shares, which included the acquisition of subsidiaries, enhancing its operational capacity[23]. - The company completed the acquisition of Shenyang Xinbei and Guohui New Energy, expanding its business to include power generation, while heating remains the primary business[71]. - The company has committed to not transferring shares acquired through the asset restructuring for 36 months post-transaction completion[83]. Research and Development - Research and development expenses increased by 13.60% to CNY 8,833,168.30, reflecting the company's commitment to innovation[43]. - The company is transitioning to a comprehensive operator of environmentally friendly energy, focusing on high-efficiency coal utilization and the development of renewable energy technologies[28]. - The company is actively expanding its new heating systems, including biomass and water source heat pump projects, to meet the growing demand for clean energy[30]. Risk Management - The company has acknowledged potential risks in its future development, which are detailed in the report[4]. - The company is actively managing investment risks associated with its stake in a property insurance company, which is sensitive to macroeconomic conditions[80]. - Environmental compliance costs are expected to rise as national standards become stricter, impacting overall production costs[79]. Corporate Governance - The company has maintained a strong safety record in production, despite inherent risks associated with high-temperature and high-pressure operations[80]. - The company has implemented a strict information disclosure management system to ensure transparency and fairness for all shareholders[142]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with relevant regulations[141]. Shareholder Information - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 62.73% of the shares, totaling 426,660,142 shares[111]. - The company has a total of 568,249,258 restricted shares, representing 83.55% of total shares after the recent changes[100]. - The total number of ordinary shareholders increased from 10,821 to 11,849 during the reporting period[109]. Compliance and Regulations - The company actively complied with national laws and regulations, focusing on quality service and environmental protection[96]. - The financial report was approved for release on February 7, 2017, indicating timely reporting practices[187]. - The company adheres to the Chinese Accounting Standards, ensuring compliance and transparency in financial reporting[190].

2017 年第一季度报告 公司代码：600167 公司简称：联美控股 联美量子股份有限公司 2017 年第一季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2017 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季度报告。 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | | --- | --- | | 非流动资产处置损益 | 3,306.66 | | 计入当期损益的政府补助，但与公司正常经营业务密切相关， | 1,201,417.72 | | 符合国家政策规定、按照一定标准定额或定量持续享受的政府 | | | 补助除外 | | | 除上述各项之外的其他营业外收入和支出 | 2,144,665.57 | | 其他符合非经常性损益定义 ...

Financial Performance - Operating revenue for the first nine months rose by 11.93% to CNY 1,125,484,116.84 compared to the same period last year[6] - Net profit attributable to shareholders increased by 16.22% to CNY 298,019,142.33 year-on-year[6] - Basic and diluted earnings per share increased by 16.23% to CNY 0.4382[7] - The net profit for Q3 2016 was a loss of ¥18,057,770.36, compared to a loss of ¥17,333,685.24 in the same period last year, indicating a slight increase in losses year-over-year[35] - The total profit for Q3 2016 was reported at ¥-23,012,709.72, compared to ¥-22,204,480.27 in Q3 2015, reflecting a worsening financial performance[35] - The company reported a basic and diluted earnings per share of ¥-0.03 for Q3 2016, compared to ¥-0.02 in Q3 2015, indicating a decline in earnings per share[37] - The total comprehensive income for Q3 2016 was ¥-18,057,770.36, compared to ¥-17,333,685.24 in the same quarter last year, showing a continued trend of negative comprehensive income[37] Assets and Liabilities - Total assets decreased by 10.00% to CNY 5,359,067,610.46 compared to the end of the previous year[6] - Total liabilities decreased to CNY 3,252,989,882.21 from CNY 4,151,873,919.75, representing a reduction of approximately 21.6%[28] - Shareholders' equity increased to CNY 2,106,077,728.25 from CNY 1,802,651,574.88, reflecting a growth of about 16.9%[28] - Non-current assets totaled CNY 3,809,592,392.51, compared to CNY 3,750,741,920.24 at the beginning of the year, showing a slight increase of approximately 1.4%[27] - Current liabilities totaled CNY 1,246,350,984.71, down from CNY 1,843,359,702.35, indicating a decrease of about 32.4%[27] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -51,150,751.97 compared to CNY -92,237,012.97 in the previous year[6] - Operating cash flow for the first nine months of 2016 was -51,150,751.97 RMB, an improvement from -92,237,012.97 RMB in the previous year[42] - Total cash inflow from operating activities was 841,977,625.60 RMB, up from 737,060,410.39 RMB year-over-year[42] - Cash outflow from operating activities totaled 893,128,377.57 RMB, compared to 829,297,423.36 RMB in the same period last year[42] - The company reported a total cash outflow from financing activities of 305,942,308.77 RMB, an improvement from 519,837,722.71 RMB in the previous year[44] Shareholder Information - The total number of shareholders reached 13,609 by the end of the reporting period[9] - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 62.73% of the shares[10] Investment and Projects - The company has ongoing projects, including the "Shenyang Guorun Hunnan New City South Heat Source Construction Project," which is currently undergoing necessary approvals and environmental assessments[21] - The company confirmed that it can continue to use properties without ownership certificates, with commitments from related parties to bear any economic losses incurred due to this issue[21] - The company is in the process of obtaining ownership certificates for several properties, including a total area of 25,363 square meters in Dongling District[21] Restructuring Commitments - The company completed a significant asset restructuring with Lianmei Holdings, acquiring 99,100,000 shares, with a lock-up period of 36 months starting from January 16, 2016[17] - The company committed to not transferring its shares in Lianmei Holdings for 12 months post-transaction completion, adhering to regulations from the China Securities Regulatory Commission[17] - The company confirmed that it will not engage in any business that competes with the main business of the restructured listed company or its subsidiaries[18] - The company will ensure the independence of the restructured listed company's personnel and financial operations, establishing independent financial accounting departments and management systems[18] - The company will avoid or minimize related party transactions with the restructured listed company and ensure fair market pricing for unavoidable transactions[18] - The company guarantees the independence of the restructured company's operations and assets post-restructuring[19] - The company commits to ensuring that the restructured company has the capability to operate independently in production, supply, and sales without reliance on other controlled enterprises[19]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 990,977,902.33, representing a 12.62% increase compared to CNY 879,906,081.47 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2016 was CNY 315,760,652.51, up 15.57% from CNY 273,225,337.17 in the previous year[18]. - The net assets attributable to shareholders increased by 17.65% to CNY 2,104,103,411.77 from CNY 1,788,435,443.38 at the end of the previous year[18]. - The total assets decreased by 11.48% to CNY 5,270,695,678.93 from CNY 5,954,525,494.63 at the end of the previous year[18]. - Basic earnings per share for the first half of 2016 were CNY 0.4643, a 15.58% increase from CNY 0.4017 in the same period last year[19]. - The company achieved operating revenue of CNY 990,977,902.33, a year-on-year increase of 12.62%[26]. - Net profit reached CNY 323,664,081.73, reflecting a growth of 16.24% compared to the previous year[26]. - The company's operating profit was CNY 409,087,125.23, up 14.30% year-on-year[26]. - The total comprehensive income for the first half of 2016 was CNY 2,021,752.05, reflecting a decline of 41.8% from CNY 3,475,215.51 in the previous year[94]. Cash Flow and Investments - The cash flow from operating activities showed a net outflow of CNY 173,993,468.80, compared to a net outflow of CNY 99,909,894.02 in the same period last year[18]. - The company reported a net cash flow from operating activities of -CNY 173,993,468.80, worsening from -CNY 99,909,894.02 in the previous year[29]. - Cash inflow from operating activities totaled CNY 441,535,480.61, an increase of 13.7% compared to CNY 388,096,714.98 in the prior period[97]. - Cash outflow from operating activities was CNY 615,528,949.41, up 26.2% from CNY 488,006,609.00 in the previous year[97]. - The net cash flow from investing activities was -¥311,850,000, compared to -¥90,000,000 in the previous period, indicating a significant increase in investment outflows[101]. - The company has invested in various projects, including a biomass power generation project with an investment of 16.57 million CNY[44]. Acquisitions and Restructuring - The company completed the acquisition of 100% equity in Shenyang Xinbei Thermal Power Co., Ltd. and Guohui Environmental New Energy Co., Ltd., with total transaction value of CNY 475,248,000, paid through a non-public issuance of shares[20]. - The company completed a significant asset restructuring on May 24, 2016, approved by the China Securities Regulatory Commission[25]. - The acquisition of 100% equity in Shenyang Xinbei Thermal Power Co. and Guohui Environmental New Energy Co. was completed as part of a strategic asset purchase[50]. - The company acquired 99,100,000 shares of Lianmei Holdings through a major asset restructuring, with a commitment to not transfer or list these shares for 36 months from January 16, 2016[53]. Shareholder and Equity Information - The total number of shares increased from 211,000,000 to 680,149,258, representing a 222.7% increase[65]. - The newly issued shares for asset acquisition amounted to 469,149,258 shares, which constitutes 68.98% of the total shares post-issuance[65]. - The major shareholders include Lianzhong New Energy Co., Ltd. with 426,660,142 shares (62.73%) and Lianmei Group Co., Ltd. with 42,489,116 shares (20.82%)[72]. - The total number of shareholders reached 15,463 by the end of the reporting period[69]. - The company has not declared any profit distribution or capital reserve increase for the reporting period[46]. Research and Development - Research and development expenses increased by 120.86% to CNY 3,428,630.76[29]. - The company is investing in R&D, with a budget increase of 10% to enhance product innovation and technology development[58]. Market and Operational Strategy - The company has a significant market share in the heating sector within its operational regions, ensuring stable revenue levels[39]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the renewable energy sector[58]. - The company plans to raise up to 387 million CNY for major asset restructuring, with specific projects like the heating network upgrade receiving 11.65 million CNY in the reporting period[44]. - The company is focused on maintaining compliance with regulatory requirements to avoid potential penalties, ensuring long-term sustainability[60]. Financial Management and Compliance - The company has acknowledged the risks associated with forward-looking statements and emphasized the importance of investor caution regarding investment risks[2]. - The company maintains a continuous operation assumption, indicating confidence in its ongoing business activities[111]. - The accounting policies adhere to the relevant Chinese accounting standards, ensuring transparency and compliance in financial reporting[112]. - The company has not made any significant changes to its important accounting policies or estimates[161]. Asset Management - The total assets at the end of the period were reported at ¥2,091,213,582.00, indicating a robust asset base[107]. - The total fixed assets at the end of the period amounted to CNY 3,834,219,881.19, an increase from the beginning balance of CNY 3,809,486,149.23[195]. - The company has ongoing projects in various stages, indicating a focus on expansion and infrastructure development[199].

Financial Performance - The company's total revenue for 2015 was CNY 757,725,112.29, representing a 14.55% increase compared to CNY 661,485,460.43 in 2014[16]. - The net profit attributable to shareholders for 2015 was CNY 176,602,940.52, an increase of 8.49% from CNY 162,792,099.22 in 2014[16]. - The net cash flow from operating activities for 2015 was CNY 458,962,103.46, which is an 18.63% increase from CNY 386,898,766.80 in 2014[16]. - The total assets at the end of 2015 were CNY 3,230,253,816.33, an increase of 11.65% from CNY 2,893,100,150.01 at the end of 2014[16]. - The net assets attributable to shareholders at the end of 2015 were CNY 1,165,511,590.49, a 17.86% increase from CNY 988,908,649.97 at the end of 2014[16]. - The basic earnings per share for 2015 was CNY 0.8370, an increase of 8.49% from CNY 0.7715 in 2014[17]. - The diluted earnings per share for 2015 was also CNY 0.8370, reflecting the same growth rate as the basic earnings per share[17]. - The company achieved operating revenue of CNY 757,725,112.29, representing a year-on-year growth of 14.55%[30]. - Operating costs increased to CNY 436,555,228.48, reflecting a year-on-year growth of 4.37%[30]. - The net profit for the year was CNY 176,614,334.14, which is an increase of 8.48% compared to the previous year[31]. - The company's operating profit reached CNY 258,611,335.81, marking a year-on-year increase of 27.02%[31]. Revenue Breakdown - Heating revenue amounted to CNY 555,365,993.54, with a year-on-year increase of 18.93% due to the expansion of heating area[33]. - Connection revenue was CNY 180,129,184.60, reflecting a year-on-year growth of 8.56% driven by increased connection area and deferred connection fees[33]. Cash Flow and Investments - The company maintained a stable cash flow from operating activities, with a net cash flow of CNY 458,962,103.46, up 18.63% from the previous year[30]. - The company's cash and cash equivalents decreased by 48.02% to CNY 697,011,676.74[40]. - The company’s long-term equity investments increased significantly to CNY 98,077,380.22, up 24,419.35% year-on-year due to the acquisition of Shanghai Lansheng[40]. - The company reported a financial income of CNY 49,500,000.00 from investment gains, contributing positively to the overall financial performance[112]. Asset Management - The company reported a total of CNY 388,062,731.68 in heating-related expenses, reflecting a year-on-year increase of 6.48%[36]. - The company’s inventory increased by 117.40% to CNY 42,960,821.76, attributed to an increase in coal stock[40]. - The total assets of the company at the end of the reporting period were CNY 3,232,000,000, with cash and cash equivalents decreasing by 48.02% to CNY 697,011,676.74[40]. Shareholder Information - The largest shareholder, Lianmei Group Co., Ltd., holds 99,100,000 shares, representing 46.97% of the total shares[67]. - Beijing Haotian Investment Co., Ltd. is the second largest shareholder with 20,900,000 shares, accounting for 9.90%[67]. - The total number of ordinary shareholders increased from 13,800 to 15,435 during the reporting period, reflecting growing investor interest[65]. - The company has not proposed any cash dividend distribution for 2015 due to significant cash expenditures related to asset restructuring, ensuring funds are available for operational sustainability[52]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations[85]. - The company has implemented a performance-based remuneration policy for its directors and senior management[78]. - The company maintains a clear separation between its operations and those of its controlling shareholder, ensuring independent management[84]. - The company has not faced any penalties from securities regulatory agencies in the past three years[79]. Operational Strategy - The company plans not to distribute profits for 2015 due to ongoing major asset restructuring and significant funding needs[5]. - The company plans to enhance its competitive edge by improving service quality and heating efficiency in response to competition from alternative heating methods[45]. - The company is undergoing a major asset restructuring to acquire assets from major shareholders, which is expected to enhance business development and competitiveness[46]. - The company aims to complete the integration of acquired assets and improve operational efficiency in 2016[47]. Risk Management - The main cost for the heating business is coal, and fluctuations in coal prices and transportation costs directly impact profitability; the company has implemented strategies to mitigate these risks, including long-term partnerships with coal suppliers and increased procurement during off-peak seasons[49]. - The company has reported a significant increase in coal consumption due to expanded heating areas, which necessitates effective cost control measures[49]. Compliance and Social Responsibility - The company is committed to maintaining compliance with environmental standards, which may increase operational costs as regulations become stricter[50]. - The company is actively fulfilling its social responsibilities by adhering to legal requirements and investing in environmental protection measures[60]. Accounting and Financial Reporting - The company prepares financial statements in accordance with enterprise accounting standards, reflecting the company's financial position and operating results accurately[139]. - The company recognizes financial assets based on their classification, including those measured at fair value with changes recognized in profit or loss[152]. - The company applies a percentage method for bad debt provision on receivables, with a 6% provision rate for other receivables[156]. - The company recognizes service revenue based on the percentage of completion method when the service spans multiple accounting periods[183].

2016 年第一季度报告 公司代码：600167 公司简称：联美控股 联美控股股份有限公司 2016 年第一季度报告 1 / 17 | 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 | 7 | 2016 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。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | --- | --- | --- | --- | | | | | 末增减(%) | | 总资产 | 3,073,451,259.07 | 3,230,253,816.33 | -4.85 | | 归属于上市公司股东的净资产 | 1,300,072,545.29 | 1,165,511,590.49 | 11.54 | | | 年初至报告期末 | 上年初至上年报告期末 | ...