哈尔滨东安汽车动力股份有限公司 2014 年第三季度报告 哈尔滨东安汽车动力股份有限公司 2014 年第三季度报告 1 / 11 | 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 | 哈尔滨东安汽车动力股份有限公司 2014 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、高级管理人员应当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 公司董事长邹文超、总会计师江红及财务部部长李伟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(%) | | --- | --- | --- | --- | --- | | 总资产 | 2, ...

Financial Performance - The company reported a total revenue of RMB 395.36 million for the first half of 2014, a decrease of 22.69% compared to RMB 511.37 million in the same period last year[19]. - The net loss attributable to shareholders was RMB 16.03 million, an improvement from a loss of RMB 20.54 million in the previous year[19]. - The company's operating revenue for the first half of 2014 was CNY 395,359,835.74, a decrease of 22.69% compared to CNY 511,365,667.15 in the same period of 2013[26]. - The net profit for the first half of 2014 was a loss of CNY 16,031,533.02, an improvement of CNY 4,505,003.35 compared to a loss of CNY 20,536,536.37 in the first half of 2013[26]. - The company's total equity is CNY 1,675,426,943.34, down from CNY 1,691,458,476.36 at the beginning of the year[59]. - The company's registered capital is RMB 46,208 million, with a total share capital of 46,208 million shares issued as of June 30, 2014[70]. - The company reported a main business income of CNY 391,836,893.11 for the current period, down from CNY 505,008,894.69 in the previous period, indicating a decline of about 22.4%[190]. Sales and Market Performance - Engine sales totaled 52,800 units, down 24.65% year-on-year, reflecting significant pressure from major customers like Harbin Hafei and FAW Jilin[22]. - The company sold 52,800 powertrains in the first half of 2014, achieving an operating revenue of CNY 395 million, which met the initial operational target[30]. - The revenue from micro engines was ¥300,128,089.69, reflecting a year-on-year decrease of 23.20%[36]. - The revenue from micro engine parts was ¥91,708,803.42, with a year-on-year decrease of 19.70%[36]. - The Northeast region generated CNY 153,329,783.20 in revenue, a decrease of 46.2% compared to CNY 284,642,910.32 in the previous year[191]. - The East China region reported revenue of CNY 166,035,933.79, down 8.95% from CNY 182,367,487.15 in the same period of 2013[191]. - The top five customers contributed CNY 310,327,653.39, accounting for 78.49% of total revenue, compared to 75.38% in the same period of 2013[191]. Cash Flow and Liquidity - The company’s net cash flow from operating activities was RMB 5.93 million, a significant recovery from a negative cash flow of RMB 68.67 million in the same period last year[19]. - The cash and cash equivalents net increase was CNY 31,907,846.17, a significant turnaround from a decrease of CNY 70,868,696.43 in the previous year[26]. - The company's cash and cash equivalents at the end of the period amounted to RMB 285,702,224.18, an increase of RMB 31,907,846.17 compared to the beginning of the period[143]. - The total amount of restricted assets at the end of the period is 175,367,847.17, primarily due to bank acceptance bill deposits and receivables pledged[168]. Assets and Liabilities - The company’s total assets increased by 3.34% to RMB 2.99 billion compared to RMB 2.90 billion at the end of the previous year[19]. - The total liabilities amount to CNY 1,317,371,991.49, compared to CNY 1,204,613,606.58 at the beginning of the year[59]. - The total current assets are reported at CNY 1,161,286,760.24, up from CNY 1,043,185,875.22 at the start of the year[57]. - The accounts payable total at the end of the period is 260,380,874.93, down from 285,077,319.27 at the beginning of the period, indicating a decrease of approximately 8.66%[171]. Research and Development - Research and development expenses increased by 17.33% to CNY 14,712,818.70 compared to CNY 12,539,644.47 in the same period last year[27]. - The company is focusing on restructuring its operations into three segments: engines, transmissions, and casting, to enhance efficiency and profitability[22]. Investments and Projects - The company is advancing several projects within its group, including the MD/S201 project with Hebei Changan, which is expected to launch this year[22]. - The company has made breakthroughs in external market development, including successful upgrades for Changhe Automobile's Beidouxing model and projects with BAIC Foton and Chery Automobile[22]. - The company is entering the new energy vehicle market by collaborating with BAIC New Energy on the Shenbao C50ES electric vehicle project[22]. - The company has invested a total of ¥86,190,000 in various projects, with cumulative actual investment reaching ¥31,250,300[40]. Financial Ratios and Performance Metrics - The weighted average return on net assets was -0.95%, slightly down from -0.92% in the previous year[19]. - The basic and diluted earnings per share for the current period are both -0.0347, compared to -0.0444 in the previous period[61]. - The total operating expenses for the current period are CNY 370,155,985.09, down from CNY 493,315,797.13 in the previous period, indicating a decrease of about 25%[61]. Shareholder Information - The total number of shareholders at the end of the reporting period is 43,121[50]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 54.51% of the shares, totaling 251,893,000 shares[50]. - The company did not implement any cash or stock dividends for the 2013 fiscal year, as approved by the shareholders' meeting[40]. Accounting Policies and Estimates - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position as of December 31, 2013[77]. - There were no significant changes in accounting policies or estimates during the reporting period[129]. - The company’s financial reporting involves significant judgments and estimates that may affect the reported amounts of assets and liabilities[132].

Financial Performance - The company reported a net loss for both 2012 and 2013, leading to a risk of delisting under the Shanghai Stock Exchange regulations[8]. - The board of directors decided not to distribute profits or increase capital reserves for the year 2013 due to the company's losses[6]. - In 2013, the company's operating revenue was CNY 855.47 million, a decrease of 31.19% compared to CNY 1,243.20 million in 2012[22]. - The net loss attributable to shareholders was CNY 557.10 million, compared to a loss of CNY 65.41 million in 2012[22]. - The weighted average return on equity was -28.28%, down 25.41 percentage points from 2012[22]. - The total assets at the end of 2013 were CNY 2.90 billion, a decrease of 19.98% from CNY 3.62 billion in 2012[22]. - The company's total revenue for 2013 was CNY 855,470,301.79, a decrease of 31.19% compared to CNY 1,243,195,266.41 in 2012[37]. - The total operating cost for 2013 was CNY 856,784,855.30, down 23.16% from CNY 1,115,079,631.58 in the previous year[37]. - The net cash flow from operating activities was -CNY 157.35 million, a decline of 177.79% compared to CNY 202.27 million in 2012[28]. - The company reported a significant increase in asset impairment losses, totaling CNY 395,046,329.92, up 619.42% from the previous year[37]. - The company reported a net profit of CNY 228,872,486.09, reflecting a significant performance in the automotive parts manufacturing sector[50]. - The company reported a net loss for 2013 was ¥557,096,254.42, significantly higher than the net loss of ¥65,409,008.83 in the previous year, indicating a worsening financial performance[125]. Business Operations - The company has maintained its core business of producing and selling microcar engines and components since its listing in 1998, with no significant changes[18]. - The company is currently under the control of China Changan Automobile Group Co., Ltd., following a series of ownership changes since 2003[20]. - The company launched the M series three-cylinder turbocharged engine, marking a new era for turbocharging at the company[26]. - The company achieved a significant breakthrough in market development, successfully launching M series engines in three models of Changan Automobile[25]. - The company aims to sell 130,000 powertrains in 2014, targeting an operating income of CNY 950 million[55]. - The company has developed the M series engines that comply with national fuel consumption regulations, enhancing its product offerings in the market[45]. - The company is actively seeking joint ventures in the components business to strengthen its market position and expand its operations[56]. - The company aims to reduce market risks by expanding into new markets and accelerating the promotion of the M series engines[59]. Research and Development - The company’s R&D expenditure increased by 24.50% to CNY 32.27 million in 2013[28]. - The company completed the development of the M series three-cylinder turbocharged engine platform, with initial performance tests exceeding design specifications[32]. - The company holds 178 patents, which support its innovation and product development efforts, particularly for the M series[45]. - The company plans to accelerate new product development, focusing on 10 adaptive development projects for various engine models in 2014[56]. Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company received a standard unqualified audit report from Zhongxing Caiguanghua Accounting Firm for the fiscal year[6]. - The company has implemented a quality management system based on TS16949 to enhance product quality control[57]. - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds, with no incidents reported[98]. - The company has maintained effective internal control over financial reporting, with no significant deficiencies identified[109]. - The audit report issued by Zhongxing Caiguanghua Certified Public Accountants confirmed that the financial statements fairly represent the company's financial position as of December 31, 2013[118]. Shareholder Information - The company has a registered capital of CNY 4,582.37 million[77]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 54.51% of the shares, totaling 251,893,000 shares[75]. - The total number of shareholders as of the end of the reporting period was 47,763, an increase from 45,150 prior to the report[75]. - The company has not undergone any significant changes in shareholding structure during the reporting period[74]. Employee Management - The company reported a total of 2,959 employees, with 2,210 in production, 30 in sales, 454 in technical roles, 32 in finance, and 233 in administration[88]. - The employee education breakdown includes 65 with master's degrees, 534 with bachelor's degrees, 718 with associate degrees, and 1,642 with other qualifications[89]. - The company has implemented a compensation system based on base salary, position salary, performance salary, and talent allowances to attract and retain talent[89]. - The training plan focuses on continuous improvement of employee skills and satisfaction, with an emphasis on innovative training models and knowledge sharing[90]. - The company aims to cultivate a high-quality talent pool through systematic planning and investment in human capital[90]. Compliance and Governance - The company has not faced any penalties or administrative actions from the China Securities Regulatory Commission during the reporting period[70]. - The board of directors and supervisory board operate independently, adhering to legal and regulatory requirements[98]. - The company has maintained a transparent information disclosure process, ensuring compliance with relevant laws and regulations[99]. - The company held a total of 6 board meetings during the year, with 1 in-person meeting and 5 conducted via communication methods[104]. - Independent directors did not raise objections to any board resolutions during the reporting period[104]. Market Conditions - The automotive industry is expected to grow by 7%-8% in 2014, providing a favorable environment for the company's growth despite competitive pressures[52].

Financial Performance - Operating revenue for Q1 2014 was CNY 174,589,260.81, representing a decline of 31.67% compared to CNY 255,496,979.51 in Q1 2013[8] - Net profit attributable to shareholders was a loss of CNY 10,887,769.39, an improvement from a loss of CNY 18,728,295.20 in the same period last year[8] - Net profit for the period was CNY -10,887,769.39, an improvement from CNY -18,728,295.20 in the previous period, representing a reduction in losses of approximately 42.5%[23] - The company reported a basic and diluted earnings per share of CNY -0.0236, improving from CNY -0.0405 in the previous period[23] Assets and Liabilities - Total assets as of March 31, 2014, were CNY 2,897,080,538.30, a slight increase of 0.03% compared to the end of the previous year[8] - Total assets increased slightly to CNY 2,897,080,538.30 from CNY 2,896,072,082.94, reflecting a growth of 0.03%[21] - Current assets decreased to CNY 1,020,368,191.20 from CNY 1,043,185,875.22, a decline of 2.18%[21] - Total liabilities rose to CNY 1,216,509,831.33 from CNY 1,204,613,606.58, an increase of 0.24%[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 57,767,317.33, an improvement from a net outflow of CNY 135,542,640.53 in Q1 2013[8] - Cash flow from operating activities showed a net outflow of CNY -57,767,317.33, improving from CNY -135,542,640.53 in the previous period[25] - Cash flow from investing activities had a net outflow of CNY 11,897,666.24, compared to a net outflow of CNY 16,438,212.42 in the previous year[15] - Cash flow from financing activities resulted in a net outflow of CNY 2,039,253.23, a significant decrease of 131.16% compared to a net inflow of CNY 6,545,255.00 in Q1 2013[15] Shareholder Information - The total number of shareholders as of the report date was 45,758[11] - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 54.51% of the shares, totaling 251,893,000 shares[11] Inventory and Investments - Inventory increased significantly to CNY 101,878,330.38 from CNY 73,898,885.46, a rise of 37.8%[21] - Long-term equity investments increased to CNY 1,265,001,265.92 from CNY 1,238,289,299.12, a growth of 2.16%[21] Return on Equity - The weighted average return on equity increased by 0.19 percentage points to -0.6458%[8] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period decreased to CNY 182,090,141.21 from CNY 309,933,063.85, a decline of 41.1%[25]