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].

Financial Performance - Operating revenue rose by 5.48% to CNY 363,454,931.66 compared to the same period last year[5] - Net profit attributable to shareholders increased by 5.56% to CNY 134,560,954.80 year-on-year[5] - Basic and diluted earnings per share increased by 5.56% to CNY 0.6377[5] - The company's net profit for Q1 2016 was CNY 134,560,880.78, an increase of 5.4% compared to CNY 127,465,490.16 in the same period last year[25] - The total profit for Q1 2016 was CNY 179,784,296.68, compared to CNY 170,307,674.97 in the previous year, marking an increase of 5.5%[25] - Operating revenue for Q1 2016 was not explicitly stated, but the operating profit was CNY 179,264,661.73, up from CNY 170,064,599.15 year-over-year[25] - The total comprehensive income for Q1 2016 was CNY 134,560,880.78, compared to CNY 127,465,490.16 in the previous year, indicating a year-over-year increase of 5.4%[26] Asset and Liability Changes - Total assets decreased by 4.85% to CNY 3,073,451,259.07 compared to the end of the previous year[5] - Total assets decreased from CNY 3,230,253,816.33 at the beginning of the year to CNY 3,073,451,259.07 by the end of the period, a decline of approximately 4.86%[18] - Current assets decreased from CNY 1,648,908,526.55 to CNY 1,521,809,799.15, representing a reduction of about 7.72%[17] - Non-current assets decreased from CNY 1,581,345,289.78 to CNY 1,551,641,459.92, a decline of about 1.88%[18] - Total liabilities decreased from CNY 2,062,829,144.44 to CNY 1,771,465,706.40, a reduction of approximately 14.09%[19] - Current liabilities decreased from CNY 1,018,389,978.88 to CNY 767,533,067.36, a decline of about 24.61%[18] Cash Flow and Management - Cash flow from operating activities showed a net outflow of CNY 93,968,613.58, an improvement from the previous year's outflow of CNY 104,017,901.24[5] - The net cash flow from operating activities for Q1 2016 was -CNY 93,968,613.58, an improvement from -CNY 104,017,901.24 in the same period last year[33] - Cash inflow from operating activities totaled ¥71,335,834.17, while cash outflow was ¥40,739,415.76, resulting in a net cash inflow[36] - The company is focusing on improving cash flow management and reducing cash outflows in future periods[36] - The cash flow from operating activities showed a recovery trend compared to the previous year's significant losses[36] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY 34,635,708.64, compared to a much larger outflow of CNY 953,426,484.24 in the previous year[33] - Cash received from sales of goods and services was CNY 14,390,574.89, down from CNY 21,143,583.45 in the previous year, representing a decline of 31.0%[32] - The total cash outflow from investing activities was ¥90,000,000.00, leading to a net cash flow from investing activities of -¥90,000,000.00[37] - Cash inflow from financing activities was ¥180,000,000.00, while cash outflow was ¥181,587,600.00, resulting in a net cash flow from financing activities of -¥1,587,600.00[37] - The company paid ¥1,587,600.00 in dividends during the financing activities[37] Other Financial Metrics - The weighted average return on net assets decreased by 1.19 percentage points to 10.91%[5] - The company's retained earnings increased from CNY 696,744,417.77 to CNY 831,305,372.57, reflecting a growth of approximately 19.34%[19] - Total operating costs increased from CNY 174,521,461.04 to CNY 183,969,948.26, an increase of about 5.18%[24] - The company incurred total operating expenses of CNY 133,078,661.79 in Q1 2016, which was slightly lower than CNY 133,200,118.48 in the same period last year[33] - The company reported a financial expense of -CNY 1,192,360.11 in Q1 2016, a significant improvement from -CNY 5,445,121.61 in the same period last year[25]

Financial Performance - Net profit attributable to shareholders increased by 15.77% to CNY 137,129,016.96 year-on-year[7] - Operating revenue rose by 15.52% to CNY 435,951,464.29 for the period from January to September[7] - Total operating revenue for Q3 2015 reached ¥45,782,543.06, an increase of 15.6% compared to ¥39,566,032.36 in Q3 2014[24] - Net profit for Q3 2015 was ¥4,592,065.72, representing a 45.5% increase from ¥3,155,482.41 in Q3 2014[25] - The total profit for the first nine months of 2015 was ¥183,505,922.85, compared to ¥157,946,703.98 in the same period of 2014, marking a 16.2% increase[25] - Total comprehensive income for Q3 2015 was ¥4,592,065.72, compared to ¥3,155,482.41 in Q3 2014, indicating a strong performance[26] - Total net profit for Q3 2015 reached ¥55,729,897.37, showing a significant increase compared to the previous year[28] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 964,315,842.78 compared to a net outflow of CNY 71,078,540.54 in the same period last year[7] - The net cash flow from operating activities was -964,315,842.78 RMB, a significant decrease of 1256.69% compared to the previous year[13] - The total cash outflow from operating activities was ¥1,080,216,201.89 for the first nine months of 2015, indicating increased operational expenditures[33] - Cash inflow from investment activities totaled $49.5 million, while cash outflow was $90 million, resulting in a net cash flow of -$40.5 million from investment activities[34] - Cash inflow from financing activities was $180 million, with cash outflow totaling $222.2 million, leading to a net cash flow of -$42.2 million from financing activities[34] - The net increase in cash and cash equivalents was -$867.58 million, down from a previous balance of $957.71 million, resulting in an ending balance of $90.13 million[34] - The company received tax refunds amounting to ¥1,897,771.52 during the first nine months of 2015, contributing positively to cash flow[30] Assets and Liabilities - Total assets decreased by 2.49% to CNY 2,821,171,625.87 compared to the end of the previous year[7] - The total current assets decreased from 1,411,344,731.06 RMB at the beginning of the year to 420,897,741.83 RMB, reflecting a substantial reduction[16] - The total non-current assets increased from 1,481,755,418.95 RMB to 2,400,273,884.04 RMB, indicating growth in long-term investments[17] - The total liabilities decreased from 1,902,289,812.26 RMB to 1,693,234,866.56 RMB, showing a reduction in financial obligations[18] - Total liabilities as of the end of Q3 2015 amounted to ¥1,222,286,186.97, an increase from ¥1,124,098,789.55 at the end of Q3 2014[22] - The total equity attributable to shareholders increased from 988,908,649.97 RMB to 1,126,037,666.93 RMB, reflecting a growth in retained earnings[18] - Total equity as of the end of Q3 2015 was ¥502,912,976.65, slightly up from ¥500,066,455.10 at the end of Q3 2014[22] Shareholder Information - The number of shareholders reached 12,116, with the largest shareholder holding 46.97% of the shares[10] - The company recognized government subsidies amounting to CNY 2,465,973.86 during the reporting period[9] Operational Activities - The company reported a substantial increase in prepaid accounts by 468.45% to CNY 103,796,676.82, indicating higher advance payments for goods and construction[12] - Inventory increased by 192.29% to CNY 57,760,301.95, reflecting a rise in coal stock and unfinished construction projects[12] - The company reported a significant increase in accounts receivable from 9,184,194.97 RMB to 12,897,425.68 RMB, indicating improved sales performance[16] - The company is undergoing an asset evaluation and audit process as part of its major asset restructuring plan[13] - The company plans to release updates on the restructuring progress every five trading days until the audit is completed[13] Financial Expenses - Financial expenses decreased by 35.56% to CNY -8,833,305.63 due to a reduction in bank deposits and corresponding interest[12] - The company reported a financial expense of -¥288,283.01 in Q3 2015, a significant improvement from -¥5,911,177.79 in Q3 2014[25] Capital Management - The company has maintained a stable capital reserve of ¥260,720,248.35 since the previous year, indicating consistent financial health[22] - The company raised $180 million through borrowing, reflecting a strategy to enhance liquidity[34] - The company paid $42.2 million in dividends and interest, indicating ongoing commitments to shareholders[34]

Financial Performance - The company achieved operating revenue of CNY 390,168,921.23, representing a year-on-year increase of 15.49%[20] - Net profit attributable to shareholders reached CNY 132,536,647.63, up 14.95% compared to the same period last year[20] - Basic earnings per share increased to CNY 0.6281, reflecting a growth of 14.93% year-on-year[16] - The weighted average return on equity rose to 12.56%, an increase of 0.11 percentage points from the previous year[16] - The company reported a significant increase in operating costs, with total operating costs rising to CNY 198,947,967.24, a 16.51% increase year-on-year[22] - The company reported a total profit for the first half of 2015 was CNY 177,055,275.85, compared to CNY 153,237,545.89 in the previous year, marking a growth of 15.5%[53] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -1,015,875,918.05, indicating a significant decline[18] - The total current assets decreased from CNY 1,411,344,731.06 to CNY 347,038,706.45, representing a decline of approximately 75.5%[45] - The company held cash and cash equivalents of CNY 220,333,999.21, down from CNY 1,340,997,065.58, a decrease of approximately 83.6%[45] - The total liabilities decreased from ¥641,331,227.48 at the beginning of the period to ¥451,712,511.97 at the end of the period, a reduction of approximately 29.5%[170] - The total book value of fixed assets at the end of the period is 1,234,399,083.92 RMB, a slight decrease from the beginning balance of 1,228,272,001.01 RMB[156] Investments and Projects - The company has invested CNY 234 million in China Cinda Asset Management Co., Ltd., maintaining a 6% stake[29] - The new project, the No. 3 heat source plant, has a budget of CNY 24,875 million and is 69.21% complete, with cumulative actual investment of CNY 17,217 million[32] - The company holds a 100% stake in Shenyang Hunnan Heating Co., Ltd., which has total assets of CNY 238,595.27 million and a net profit of CNY 13,012.71 million[30] Shareholder Information - The total number of shareholders at the end of the reporting period is 12,155[39] - The company has not implemented any profit distribution during the reporting period[33] - There are no significant changes in the company's share capital structure during the reporting period[38] Management and Operations - The company is focusing on enhancing information management and employee training to ensure stable production operations[18] - The company has a management advantage with a mature management model and strong cost control capabilities[27] - The company has established a strong service brand and reputation through years of development[28] - The company benefits from a geographical advantage due to its location in a developing area of Shenyang[27] Accounting Policies and Financial Reporting - The accounting policies adhere to the enterprise accounting standards, ensuring transparency and accuracy in financial reporting[75] - The company recognizes long-term equity investments at the acquisition date based on the determined business combination cost, excluding cash dividends or profits received from the invested unit[80] - The company prepares consolidated financial statements based on control, including all significant internal transactions and balances for the consolidated scope[81] - The company has not made any significant changes to its accounting policies or estimates during the reporting period[126] Liabilities and Equity - The total owner's equity increased from ¥990,810,337.75 to ¥1,123,344,693.59, reflecting a growth of approximately 13.4%[46] - The total liabilities decreased from ¥1,902,289,812.26 to ¥1,628,995,924.23, a reduction of about 14.4%[46] - The company reported a total of 8,345,979.71 RMB in accounts payable, primarily due to unpaid electricity fees to property management companies[168] Revenue Recognition - Revenue from sales of goods is recognized when significant risks and rewards of ownership are transferred to the buyer, with heating revenue recognized over five months from November to March[117] - The company recognizes service income based on the completion of services, with amounts determined by contract or agreement totals[118] - The company recognizes cash dividends or profits from long-term equity investments as investment income in the period they are declared[97]

Financial Performance - Net profit attributable to shareholders increased by 16.05% to CNY 127,471,363.40 year-on-year[6] - Operating revenue rose by 15.43% to CNY 344,586,060.19 compared to the same period last year[6] - Total operating revenue for Q1 2015 was CNY 344,586,060.19, an increase of 15.4% compared to CNY 298,530,633.62 in the same period last year[22] - Net profit for Q1 2015 was CNY 127,465,490.16, an increase of 15.9% compared to CNY 109,834,563.01 in the same period last year[23] - Basic and diluted earnings per share for Q1 2015 were CNY 0.6041, up from CNY 0.5206 in Q1 2014, representing a growth of 16.5%[24] - Operating profit for Q1 2015 reached CNY 170,064,599.15, compared to CNY 146,222,935.80 in Q1 2014, reflecting a year-over-year increase of 16.3%[23] - Total profit for Q1 2015 was CNY 170,307,674.97, up from CNY 146,457,254.50, marking an increase of 16.3%[23] - The company reported a comprehensive income total of CNY 127,465,490.16, compared to CNY 109,834,563.01 in the previous year[26] Assets and Liabilities - Total assets decreased by 5.09% to CNY 2,745,785,230.52 compared to the end of the previous year[6] - The company's total assets as of March 31, 2015, were CNY 2,745,785,230.52, a decrease from CNY 2,893,100,150.01 at the beginning of the year[16] - Current assets totaled CNY 1,309,630,443.90, down from CNY 1,411,344,731.06 at the start of the year, reflecting a decline of 7.2%[14] - The company's total liabilities decreased to CNY 1,627,509,402.61 from CNY 1,902,289,812.26, representing a reduction of 14.4%[16] - The equity attributable to shareholders of the parent company increased to CNY 1,116,380,013.37 from CNY 988,908,649.97, marking a growth of 12.9%[16] Cash Flow - The net cash flow from operating activities was negative at CNY -971,023,901.24, a significant decline from CNY -67,582,816.71 in the previous year[9] - Cash flow from operating activities showed a net outflow of CNY -971,023,901.24, worsening from CNY -67,582,816.71 in the same quarter last year[27] - Cash inflow from operating activities totaled 267,653,421.16 RMB, significantly up from 35,376,817.10 RMB in the same period last year[30] - Total cash outflow from operating activities reached 1,044,428,372.33 RMB, compared to 675,929.17 RMB in the previous period[31] - The net increase in cash and cash equivalents was -866,774,951.17 RMB, compared to an increase of 34,700,887.93 RMB in the previous period[31] - The ending balance of cash and cash equivalents was 90,939,863.91 RMB, down from 586,364,618.46 RMB in the previous period[31] - The company reported a beginning cash balance of 957,714,815.08 RMB, indicating a significant cash position at the start of the quarter[31] Investments and Financing - The company invested 90,000,000.00 RMB in capital expenditures during the quarter[31] - Cash flow from investing activities resulted in a net outflow of -90,000,000.00 RMB[31] - The company raised 180,000,000.00 RMB through borrowing during the quarter[31] - Total cash flow from financing activities was neutral, with cash inflows and outflows both at 180,000,000.00 RMB[31] Shareholder Information - The number of shareholders reached 11,019 at the end of the reporting period[8] Other Financial Metrics - The company’s weighted average return on equity increased by 0.20 percentage points to 12.10%[6] - Other receivables surged by 4,110.80% to CNY 974,493,795.96 due to advance payments for land acquisition[9] - Inventory increased by 30.75% to CNY 25,838,164.94, indicating a rise in coal stock[9] - The company reported a significant increase in tax payable by 141.28% to CNY 43,263,476.70 due to higher corporate income tax provisions[9] - Total operating costs for Q1 2015 amounted to CNY 174,521,461.04, up 14.6% from CNY 152,307,697.82 in Q1 2014[22] - Management expenses decreased to CNY 8,737,557.28 from CNY 10,902,692.12, a reduction of 19.9% year-over-year[23] - Financial expenses improved to CNY -5,445,121.61 from CNY -5,682,497.04, indicating a decrease in costs[23] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[23]

Financial Performance - The net profit attributable to the parent company for 2014 was CNY 162,792,099.22, representing a 17.38% increase from CNY 138,684,594.26 in 2013[2]. - The operating revenue for 2014 reached CNY 661,485,460.43, a 13.66% increase compared to CNY 582,009,591.90 in 2013[24]. - The basic earnings per share for 2014 was CNY 0.7715, up 17.37% from CNY 0.6573 in 2013[24]. - The total assets at the end of 2014 were CNY 2,893,100,150.01, reflecting a 6.72% increase from CNY 2,711,027,595.84 at the end of 2013[24]. - The net assets attributable to shareholders at the end of 2014 were CNY 988,908,649.97, a 13.89% increase from CNY 868,316,550.75 at the end of 2013[24]. - The weighted average return on equity for 2014 was 17.14%, an increase of 0.20 percentage points from 16.94% in 2013[24]. - The company’s heating revenue amounted to CNY 466,970,428.73, up 12.05% year-on-year, driven by the increase in heating area[42]. - The company’s total non-operating income was CNY 9,676,649.23, slightly down from the previous year[27]. - The company reported a total of RMB 403,201,700.53 in long-term equity investments as of December 31, 2013[72]. - The total equity of the company reached ¥500,066,455.10, up from ¥485,879,609.77 in 2013, marking a 2.4% increase[122]. Cash Flow and Investments - The net cash flow from operating activities decreased by 29.20% to CNY 386,898,766.80 from CNY 546,438,132.11 in 2013[24]. - The company requires approximately CNY 500 million in total funding for the normal operation and sustainable development of its heating business in 2015[53]. - The company has invested CNY 17,035,000 in the construction of the No. 3 heating source plant, which is currently partially operational[51]. - Cash inflow from investment income was CNY 49,500,000.00, consistent with the previous period[131]. - Cash outflow from investing activities was CNY 123,698,892.62, an increase from CNY 112,840,784.68 in the previous period[129]. Shareholder Information - The company plans not to distribute profits for 2014 due to significant cash expenditures anticipated in 2015[2]. - The company reported a cash dividend of 2.0 RMB per 10 shares, totaling 42.2 million RMB distributed to shareholders based on a total share capital of 211 million shares[59]. - The total number of shareholders at the end of the reporting period was 11,540, an increase from 10,513 five trading days prior[76]. - The largest shareholder, Lianmei Group Co., Ltd., holds 99,100,000 shares, representing 46.97% of the total shares[78]. Operational Highlights - The average heating area reached approximately 17.6 million square meters, an increase of about 2.6 million square meters[30]. - The company plans to achieve a total operating revenue of CNY 710 million in 2015[52]. - The company aims to enhance service quality and heating standards to strengthen its brand in Hunnan[51]. - The company has established a long-term cooperative relationship with coal mining enterprises to mitigate the impact of rising coal prices on operations[54]. Accounting and Compliance - The company has received a standard unqualified audit report from Zhongxi CPA[3]. - The company has adopted new accounting standards effective from July 1, 2014, as mandated by the Ministry of Finance[57]. - The company has not reported any significant errors or adjustments in prior financial statements[59]. - The company has complied with all legal and regulatory requirements while actively fulfilling its social responsibilities[62]. Employee and Management Information - The company employed a total of 830 staff members, with 614 in production, 25 in sales, 35 in technical roles, 10 in finance, and 139 in administration[90]. - The company has implemented a comprehensive employee training plan to enhance skills and meet industry demands[92]. - The total remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to 877,500 RMB[88]. - The company emphasizes a performance-based remuneration policy, rewarding directors and supervisors based on their contributions[88]. Risks and Challenges - The company faces risks related to raw material price fluctuations, aging pipeline equipment, and increasing environmental standards[54][55]. - The company has not engaged in any major acquisitions or market expansions during the reporting period[73]. Financial Position - The company's cash and cash equivalents increased to CNY 1,340,997,065.58 from CNY 1,118,516,191.40, reflecting a growth of approximately 19.8%[116]. - Total liabilities rose to CNY 1,902,289,812.26 from CNY 1,840,818,125.48, indicating an increase of about 3.5%[118]. - The company’s accounts receivable decreased to CNY 9,184,194.97 from CNY 19,545,292.09, a decline of approximately 53.0%[116]. - The company’s inventory increased to CNY 19,761,105.31 from CNY 15,586,114.86, reflecting a growth of about 26.0%[117]. Governance and Structure - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring effective management and oversight[97]. - The board of directors consists of 9 members, including 3 independent directors, and has established specialized committees to enhance decision-making processes[98]. - The company held its annual general meeting on May 15, 2014, and a temporary general meeting on December 30, 2014, both of which were legally witnessed[102].

2014 年第三季度报告 联美控股股份有限公司 2014 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 | 7 | 联美控股 2014 年第三季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 18 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 2,593,576,070.64 2,711,027,595.84 -4.33 归属于上市公司股东的净资产 944,566,098.90 868,316,550.75 8.78 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金流量净额 -71,078,540.54 95,087,374.91 -174.75 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 377,389,925 ...