Financial Performance - The company reported a net profit attributable to shareholders of -87,515,012.45 RMB for 2017, with a total distributable profit of 3,564,560.13 RMB after adding the undistributed profit from the previous year[5]. - The company's operating revenue for 2017 was CNY 273,462,686.88, an increase of 3.23% compared to CNY 264,894,277.45 in 2016[21]. - The net profit attributable to shareholders of the listed company was -CNY 87,515,012.45, a 51.70% improvement from -CNY 181,179,289.94 in the previous year[21]. - The basic earnings per share for 2017 was -CNY 0.2283, showing a 51.69% increase from -CNY 0.4726 in 2016[22]. - The total assets at the end of 2017 were CNY 1,651,495,913.65, a decrease of 13.75% from CNY 1,914,822,014.94 at the end of 2016[21]. - The net cash flow from operating activities for 2017 was CNY 183,109,209.20, a decrease of 29.06% compared to CNY 258,100,981.27 in 2016[21]. - The company reported a total of CNY 14,599,879.24 in non-recurring gains and losses for 2017, compared to CNY 13,838,395.02 in 2016[27]. - The company reported a significant decrease in undistributed profits by 96.09% to CNY 3,564,560.13 due to operational losses[60]. - The company reported a total comprehensive loss of CNY 87,515,012.45 for the year, compared to a loss of CNY 181,207,030.51 in the previous year, showing a significant improvement[158]. Market Risks and Strategies - The company faces significant market risks due to a decline in domestic power plant product demand, which has been exacerbated by economic downturns and reduced electricity consumption[8]. - To address market risks, the company aims to enhance product R&D and innovation, expand domestic market share, and pursue international business opportunities[8]. - The company is committed to increasing its market share in both domestic and international markets, particularly in emerging economies[66]. - The company intends to accelerate asset integration to improve asset utilization and alleviate financial pressure[68]. Financial Management and Risks - Financial risks are present due to high accounts receivable and inventory levels, leading to increased refinancing and interest rate risks[8]. - The company plans to implement a financial warning analysis mechanism and improve cash flow management to mitigate financial risks[8]. - The company is exposed to exchange rate risks related to foreign currency assets and liabilities from large air cooler export contracts[9]. - To manage exchange rate risks, the company will utilize trade financing tools and forward foreign exchange contracts[9]. - The company plans to enhance its financial management by establishing a cash flow budget and improving debt recovery efforts[70]. Operational Performance - The company continues to focus on the design, manufacturing, and sales of high, medium, and low-pressure air coolers, with no significant changes in its main business operations[29]. - The company has a competitive advantage in the electric power cooling field, having developed the first domestic 1000MW air cooler, recognized as a national strategic innovation product[31]. - The company has maintained a direct sales model and continues to adapt to market conditions, particularly in the petrochemical sector where demand has increased due to project upgrades[29]. - The company achieved total operating revenue of CNY 273.46 million, a growth of 3.23% compared to the previous year, with main business revenue of CNY 252.98 million, increasing by 22.92%[34]. - The total order amount for the company reached CNY 1.32 billion, a significant increase of 256.29% year-on-year, with domestic orders growing by 55.80% to CNY 540.96 million[35]. Research and Development - The company’s R&D expenditure was CNY 15.37 million, down 22.77% from the previous year, reflecting a focus on cost management[43]. - The company introduced new technologies, including a new plasma cutting process that increased production efficiency by 4-6 times and reduced operating costs by 30%[38]. - Total R&D expenditure is 15,366,715.45 yuan, accounting for 5.62% of operating revenue, with 148 R&D personnel making up 21.64% of the total workforce[57]. Shareholder and Governance Information - The total number of common stock shareholders at the end of the reporting period is 33,721, down from 35,474 in the previous month[102]. - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 130,449,385 shares, representing 34.03% of total shares[104]. - The company has no strategic investors or general legal entities that have become top 10 shareholders through new share placements[106]. - The actual controller is the Harbin Municipal Government State-owned Assets Supervision and Administration Commission[108]. - The company has a diverse management team with extensive experience in engineering and finance[114]. Legal and Compliance Matters - The company is currently involved in a significant arbitration case with Ansaldo Energia S.p.A., which is still under review by the Milan Chamber of Commerce Arbitration Committee[88]. - The company has not disclosed any major litigation or arbitration matters for the current year, indicating a stable legal standing[89]. - The company has not faced any penalties from securities regulatory agencies in the past three years[119]. Audit and Internal Control - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[137]. - The company has a robust internal control system in place to manage sales and receivables, which was evaluated during the audit[139]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2017[132]. Future Outlook - The company plans to achieve a revenue of 600 million RMB in 2018, with costs and expenses projected at 597 million RMB[68]. - Future outlook and performance guidance were not explicitly provided in the documents reviewed[176].

Financial Performance - Operating revenue for the first nine months was CNY 229,726,536.76, an increase of 5.03% year-on-year[9] - Net loss attributable to shareholders was CNY -40,700,959.03, a 50.64% improvement compared to the same period last year[9] - The weighted average return on net assets improved by 3.89 percentage points to -6.14%[9] - Basic and diluted earnings per share were both CNY -0.1062, a 50.63% improvement year-on-year[9] - Year-to-date operating revenue for the first nine months of 2017 was ¥229,726,536.76, compared to ¥218,717,589.57 for the same period in 2016, reflecting a growth of 5.2%[37] - Year-to-date net loss for the first nine months of 2017 was ¥40,700,959.03, an improvement from a net loss of ¥82,455,131.63 in the same period last year[39] - The net loss for Q3 2017 was ¥7,112,570.02, an improvement from a net loss of ¥36,947,142.17 in Q3 2016[39] - The company reported a significant increase in prepayments from CNY 8,963,206.56 to CNY 17,165,057.64, an increase of approximately 91.5%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,638,223,081.98, a decrease of 14.45% compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.96% to CNY 642,485,832.00 compared to the end of the previous year[6] - Total liabilities decreased from CNY 1,231,635,223.91 to CNY 995,737,249.98, a reduction of approximately 19.2%[30] - Current liabilities increased from CNY 759,567,953.47 to CNY 978,651,817.60, an increase of about 29%[30] - Non-current liabilities decreased significantly from CNY 472,067,270.44 to CNY 17,085,432.38, a drop of about 96.4%[30] - Shareholders' equity decreased from CNY 683,186,791.03 to CNY 642,485,832.00, a decline of about 5.9%[30] Cash Flow - Cash flow from operating activities for the first nine months was CNY 112,353,631.71, down 33.88% from the previous year[6] - Cash and cash equivalents decreased by 33.85% to ¥117,855,689.87 from ¥178,175,414.39 due to increased repayment of bank loans[17] - Cash flow from operating activities generated a net cash inflow of CNY 112,353,631.71, down from CNY 169,934,652.00 in the same period last year[49] - Cash inflow from operating activities totaled $442.69 million, a decrease of 27.4% compared to $609.64 million in the same period last year[53] - Net cash flow from operating activities was $111.89 million, down 34.5% from $170.70 million year-over-year[53] - Cash outflow from financing activities was $222.84 million, compared to $1.22 billion in the same period last year, indicating a reduction of 81.8%[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,388[13] - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., held 34.03% of the shares[13] Investment and Other Income - Non-operating income and expenses for the period totaled CNY -13,942.69[12] - Investment income increased by 480.90% to ¥9,826,043.61 from ¥1,691,517.32 due to increased gains from the disposal of equity in Yuhua Guarantee Company[20] - The company received CNY 20,000,000.00 from investment recoveries, while investment cash inflows totaled CNY 23,926,478.53, down from CNY 109,603,953.85 last year[49] Operational Costs - Total operating costs for Q3 2017 were ¥127,216,912.06, up from ¥91,963,923.74 in the same period last year, representing a 38.0% increase[37] - Total operating costs for the first nine months of 2017 decreased to ¥287,734,976.15 from ¥316,055,667.97 in the previous year, a reduction of 8.9%[37] Other Financial Metrics - The company reported a tax expense of -¥3,018,105.20 for the first nine months of 2017, compared to -¥7,481,047.13 in the same period last year[39] - The company’s retained earnings decreased from CNY 91,079,572.58 to CNY 50,378,613.55, a decline of about 44.6%[30] - The company reported cash and cash equivalents decreased by CNY 92,418,900.62 during the period, contrasting with an increase of CNY 20,537,943.15 in the same period last year[49]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥109,277,673.14, a decrease of 34.47% compared to ¥166,754,598.29 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥33,588,389.01, an improvement of 26.19% from -¥45,507,989.46 in the previous year[21]. - The net cash flow from operating activities was ¥74,919,556.46, down 33.94% from ¥113,419,846.31 in the same period last year[21]. - The net assets attributable to shareholders of the listed company decreased by 4.82% to ¥650,268,714.52 from ¥683,186,791.03 at the end of the previous year[21]. - Total assets decreased by 12.28% to ¥1,679,680,283.93 from ¥1,914,822,014.94 at the end of the previous year[21]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥46,607,930.67, a slight improvement of 5.55% from -¥49,346,817.39 in the previous year[21]. - The company reported a basic and diluted earnings per share of -0.0876 yuan, an improvement of 26.20% compared to -0.1187 yuan in the same period last year[22]. - The company achieved operating revenue of 109.28 million yuan, a decrease of 34.47% year-on-year, with main business revenue of 89.97 million yuan, down 33.72%[33]. - The company’s net profit for the period was -33.59 million yuan, an improvement from -45.51 million yuan in the same period last year[33]. - The company’s gross profit margin has been affected by a decrease in delivery orders and a decline in product gross margins[33]. Cash Flow and Liquidity - The company reported a significant reduction in accounts receivable by 76.31% to ¥24,512,116.00[40]. - The total liabilities decreased, with a notable reduction in accounts payable by 70.44% to ¥10,896,257.00[40]. - Cash and cash equivalents decreased from CNY 178,000,564.32 to CNY 136,828,271.25, a drop of approximately 23.2%[85]. - The company reported a net decrease in cash and cash equivalents of CNY -74,054,351.81 for the current period[95]. - The ending cash and cash equivalents balance decreased to CNY 94,318,507.18, down from CNY 239,611,142.17 in the previous period[95]. Operational Highlights - The company’s order contract amount reached 1.25 billion yuan, a significant increase of 364.21% year-on-year, with overseas orders growing by 4,856.46% to 889.73 million yuan[34]. - The company continues to focus on the design, manufacturing, and sales of high, medium, and low-pressure air coolers, with no significant changes in its main business operations[27]. - The company has a competitive advantage in the domestic market for high-temperature and high-pressure air coolers, particularly in the petrochemical sector[30]. Financial Management and Risks - The company faces market risks due to a slowdown in domestic electricity demand and a significant reduction in thermal power generation projects, which adversely affects its development[50]. - To address financial risks, the company plans to establish a financial early warning analysis mechanism and strengthen cash flow management[50]. - The company is experiencing high accounts receivable and inventory levels, leading to increased refinancing and interest rate fluctuation risks[50]. - The company will utilize trade financing tools such as seller credit and forward foreign exchange settlements to mitigate exchange rate risks associated with its export contracts[51]. Shareholder and Governance Information - The total number of ordinary shareholders at the end of the reporting period is 32,332[72]. - The total number of shares held by the top shareholder, Harbin Industrial Investment Group Co., Ltd., is 130,449,385, representing 34.03% of the total shares[74]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[54]. - The company continues to employ Zhongshan Yatai Accounting Firm as its auditing agency for the 2017 fiscal year[57]. Accounting Policies and Compliance - The board of directors confirmed that the financial report is true, accurate, and complete, with no significant omissions or misleading statements[5]. - There were no significant changes in accounting policies, estimates, or methods compared to the previous accounting period[68]. - There were no major accounting errors that required retrospective restatement during the reporting period[68]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial reports accurately reflect its financial position, operating results, and cash flows[121]. Investment and Capital Expenditures - The investment in the National Power Station Air Cooling System R&D Center reached ¥291,669,999.20, exceeding the planned investment by 9%[43]. - The company transferred an 8.70% stake in Heilongjiang Yuhua Guarantee Investment Co., Ltd. for ¥20,000,000[44]. - The company signed a procurement contract with Bharat Heavy Electricals Limited for the NORTH KARANPURA 3X660MW power station project, with a total contract value of approximately RMB 712,135,875.00 (USD 62,186,041.00 + INR 2,903,156,856.00) based on the foreign exchange rate on February 8, 2017[65]. Impairment and Asset Management - The company conducts impairment tests on fixed assets and intangible assets annually, regardless of impairment indicators, to ensure asset values are accurately reported[186]. - If the recoverable amount of an asset is less than its carrying amount, an impairment loss is recognized, impacting the financial statements[187]. - The company recognizes impairment losses for accounts receivable based on future cash flow estimates that are lower than their carrying amounts[155]. Employee Compensation and Provisions - Employee compensation includes short-term salaries, bonuses, and various benefits, recognized as liabilities when incurred[191]. - The company recognizes provisions for expected liabilities when obligations are present, and the amount can be reliably measured[195]. - Share-based payments are measured at fair value on the grant date and recognized as expenses over the service period[197].

Financial Performance - In 2016, the company reported a net profit attributable to shareholders of -181,179,289.94 RMB, with distributable profits available for shareholders amounting to 91,079,572.58 RMB after adding the beginning retained earnings of 272,258,862.52 RMB[3]. - The company's operating revenue for 2016 was ¥264.89 million, a decrease of 65.02% compared to ¥757.26 million in 2015[19]. - The net profit attributable to shareholders was -¥181.18 million in 2016, a decline of 1,398.89% from a profit of ¥13.95 million in 2015[19]. - The basic earnings per share for 2016 was -¥0.4726, down 1,398.35% from ¥0.0364 in 2015[20]. - The total assets decreased by 23.50% to ¥1.91 billion at the end of 2016 from ¥2.50 billion at the end of 2015[19]. - The company reported a net cash flow from operating activities of ¥258.10 million in 2016, recovering from -¥67.22 million in 2015[19]. - The gross margin for the main business was 5.27%, a decrease of 14.41 percentage points year-on-year, primarily due to intense market competition and declining order prices[46]. - The total operating revenue for the year 2016 was CNY 264,894,277.45, a decrease of approximately 65.0% compared to CNY 757,259,219.66 in the previous year[145]. - The net loss for 2016 was CNY 181,179,289.94, compared to a net profit of CNY 13,948,741.43 in 2015, indicating a significant decline in profitability[146]. - The total comprehensive income for 2016 was CNY -181,207,030.51, a stark contrast to CNY 13,974,727.41 in 2015, highlighting the overall financial downturn[146]. Dividend Policy - The company plans not to distribute dividends for 2016 due to losses and tight financial conditions, opting to carry forward the distributable profits to 2017 for working capital[3]. - The proposed profit distribution plan for 2016 includes no dividend distribution due to the company's financial constraints, with available profits carried over to 2017 for working capital[73]. - The company emphasizes cash dividends in its profit distribution policy, prioritizing cash dividends when conditions allow[70]. - The company has committed to a cash dividend incentive plan for its management and core technical personnel, based on a certain percentage of cash dividends[75]. Market and Operational Risks - The company faces significant market risks due to a slowdown in domestic electricity demand and reduced thermal power projects, which adversely affects its development[5]. - To mitigate market risks, the company aims to enhance product R&D and innovation, expand product applications, and increase its domestic market share while pursuing international business expansion[5]. - Financial risks are heightened by high accounts receivable and inventory levels, leading to increased refinancing and interest rate risks[5]. - The company is exposed to exchange rate risks related to foreign currency assets and liabilities from large air-cooled equipment export contracts[6]. - The company faces market risks due to the correlation with national economic growth and reduced domestic electricity demand[67]. Financial Management and Strategy - The company will implement a financial warning analysis mechanism and strengthen cash flow management to address financial risks[5]. - To manage exchange rate risks, the company plans to utilize trade financing tools and forward foreign exchange contracts[6]. - The company reduced its bank loans to CNY 791.74 million, a decrease of 21.59% from the previous year, reflecting improved financial management[35]. - The company is in the process of divesting non-profitable subsidiaries, including an 8.7% stake in a guarantee company and a 37.5% stake in an electromechanical equipment company[38]. - The company plans to accelerate the sale of non-core assets to improve cash flow and financial stability[66]. Research and Development - The company continues to focus on the design, manufacturing, and sales of high, medium, and low-pressure air coolers, with no significant changes in its main business[28]. - The company launched several major technology innovation projects, including the development of new hollow aluminum alloy shutters and high-efficiency multi-tube expansion machines[36]. - The company's research and development expenses were CNY 198.96 million, down 8.27% from the previous year, reflecting a focus on cost control[41]. - The company has invested ¥291,669,999.20 in the National Power Station Air Cooling System R&D Center, achieving a completion rate of 109%[58]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhongshen Yatai Certified Public Accountants[2]. - The company has maintained its auditor, Zhongshui Yapat Accounting Firm, for eight years, indicating stability in its financial oversight[81]. - The company has established a robust investor relations management system, enhancing communication with investors through multiple channels[121]. - The internal control audit report indicates that the company maintained effective financial reporting internal controls as of December 31, 2016[129]. - The company complied with the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange for information disclosure, ensuring transparency and fairness for all investors[121]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,985, an increase from 33,289 at the end of the previous month, representing a growth of approximately 11.1%[95]. - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., held 130,449,385 shares, accounting for 34.03% of total shares[97]. - The company maintained a stable capital structure with no changes in the total number of ordinary shares during the reporting period[93]. - The company has no strategic investors or general legal entities among the top ten shareholders[99]. Employee and Management Information - The total number of employees in the parent company is 680, with a combined total of 713 employees including major subsidiaries[114]. - The company paid a total of 3.7583 million yuan in remuneration to all directors, supervisors, and senior management during the reporting period[111]. - The company trained a total of 167 employees in 2016, enhancing their professional skills and overall quality[116]. - The total remuneration for the chairman and general manager is reported at 54.28 million RMB[104]. Legal and Regulatory Matters - The company is currently undergoing arbitration proceedings related to a dispute with Ansaldo Energia S.p.A, which remains unresolved[82]. - There are no major litigation or arbitration matters reported for the current year, suggesting a stable legal standing[82]. - The company has not reported any significant deficiencies in internal control during the reporting period[129].

2017 年第一季度报告 公司代码：600202 公司简称：哈空调 哈尔滨空调股份有限公司 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 | 6 | | 四、 | 附录 | 8 | 2017 年第一季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 刘万里 | 董事 | 因有重要事项，未能亲自 | 董事长杨凤明 | | | | 出席本次会议。 | | | 刘美娟 | 董事 | 因有重要事项，未能亲自 | 董事长杨凤明 | | | | 出席本次会议。 | | | 杨承 | 董事 | 因有重要事项，未能亲自 | 董事张劲松 | | | | 出席本次会议。 | | 1.3 公司负责人杨凤明、主管会计工作负责人刘万里及会计机构负责人（会计主管人员）张巧凤 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 ...

公司代码：600202 公司简称：哈空调 哈尔滨空调股份有限公司 2016 年第三季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2016 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 杨凤明 | 董事长 | 因有重要事项，未能亲自出席本次会议。 | 董事刘万里 | | 杨承 | 董事 | 因有重要事项，未能亲自出席本次会议。 | 董事张劲松 | | 李瑞峰 | 独立董事 | 因有重要事项，未能亲自出席本次会议。 | 独立董事唐宗明 | | 张心明 | 独立董事 | 因有重要事项，未能亲自出席本次会议。 | 独立董事唐宗明 | 1.3 公司负责人 ...

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥166.75 million, a decrease of 52.56% compared to ¥351.52 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2016 was a loss of approximately ¥45.51 million, a decline of 2,236.90% compared to a profit of ¥2.13 million in the same period last year[22]. - The basic earnings per share for the first half of 2016 was -¥0.1187, compared to ¥0.0056 in the same period last year, representing a decrease of 2,219.64%[21]. - The company reported a loss of -¥49.35 million after deducting non-recurring gains and losses, compared to a loss of -¥0.96 million in the same period last year, representing a decline of 5,020.21%[22]. - The company achieved operating revenue of CNY 166.75 million, a decrease of 52.56% compared to the same period last year[26]. - The main business revenue was CNY 135.76 million, down 56.48% year-on-year, with revenue from power station air-cooled products dropping 91.94%[26]. - The gross profit margin for the main business was 13.38%, a decrease of 8.98 percentage points year-on-year[33]. - The company plans to adjust its 2016 revenue target to CNY 500 million, with cost expenses projected at CNY 568 million[30]. - The company reported a significant decrease in management expenses to ¥32,804,259.25 from ¥39,328,796.37 in the previous period, a reduction of 16.3%[99]. - The company reported a total profit for the current period of -¥52,989,036.59, compared to -¥512,465.21 in the previous period[101]. Cash Flow and Liquidity - The net cash flow from operating activities for the first half of 2016 was approximately ¥113.42 million, an increase of 250.23% compared to -¥75.50 million in the same period last year[22]. - The company experienced a significant increase in net cash flow from operating activities, reaching CNY 113.42 million, compared to a negative cash flow in the previous year[28]. - The net cash flow from operating activities was CNY 113,419,846.31, a significant improvement compared to a net outflow of CNY 75,496,173.97 in the previous period[109]. - Total cash inflow from operating activities amounted to CNY 476,099,530.90, up from CNY 389,531,655.01 in the prior period, reflecting a growth of approximately 22.2%[109]. - Cash outflow from operating activities decreased to CNY 362,679,684.59 from CNY 465,027,828.98, indicating a reduction of about 22.1%[109]. - The ending balance of cash and cash equivalents increased to CNY 239,611,142.17 from CNY 64,329,314.39, reflecting a significant rise[111]. - Cash and cash equivalents increased significantly from 102,269,666.46 RMB to 257,284,654.31 RMB, representing an increase of about 151.5%[87]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.24 billion, a decrease of 10.58% compared to ¥2.50 billion at the end of the previous year[22]. - The total current assets decreased from 1,793,375,906.22 RMB to 1,530,389,980.57 RMB, a reduction of approximately 14.66%[87]. - Total liabilities decreased from ¥1,639,952,214.07 to ¥1,420,565,740.27, a decline of approximately 13.4%[91]. - Owner's equity decreased from ¥862,943,939.14 to ¥817,438,423.35, a reduction of about 5.3%[91]. - The total equity at the end of the current period was 817,438,472.00 RMB, reflecting a reduction from the previous period's total equity of 856,087,300.00 RMB[120]. Investments and R&D - Research and development expenses decreased by 5.09% to CNY 7.28 million compared to the previous year[28]. - The company has completed an investment of ¥291,669,999.20 in the National Power Station Air Cooling System R&D Center project, achieving an investment completion rate of 109%[47]. - The R&D center construction and plant supporting engineering renovation project has an investment completion of ¥148,148,429.78, with an overall project progress of approximately 100%[47]. Shareholder and Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[5]. - The company did not distribute dividends for the fiscal year 2015 due to a small profit base and tight cash flow, with profits carried over to 2016 for working capital[48]. - The total number of shareholders at the end of the reporting period was 44,959, with no preferred shareholders regaining voting rights[71]. - The company has strengthened its internal control and management system in accordance with relevant laws and regulations, ensuring compliance and governance[65]. - The board of directors held five meetings during the reporting period, adhering to the prescribed procedures and maintaining accurate meeting records[66]. Related Party Transactions - The total amount of related party transactions during the reporting period was ¥1,330,490.77, with a market price comparison indicating a 1.17% difference[55]. - The company received financial assistance of ¥4,000,000 from Heilongjiang Baoda Real Estate Development Co., Ltd., which is a related party, to alleviate cash flow pressure[59]. - There are no significant changes in the company's financial independence due to related party transactions, ensuring no adverse effects on the company's operations[59]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant issues affecting this assumption for at least 12 months[138]. - The accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[139]. - The company’s air coolers are essential for cooling processes in industries such as petrochemicals, metallurgy, and energy[135]. - The company adopts the cost method for long-term equity investments where it can exercise control, and the equity method for investments with joint control or significant influence[190]. Market Position and Operations - The company operates in the large equipment manufacturing industry, specifically in the air cooler sector[132]. - Main products include high, medium, and low-pressure air coolers, with significant applications in petrochemical and power generation industries[134]. - The company has a strong competitive advantage in the air-cooled industry, with significant achievements in technology and product development[34].

2016 年第一季度报告 公司代码：600202 公司简称：哈空调 哈尔滨空调股份有限公司 2016 年第一季度报告 1 / 20 | 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 | 6 | | 四、 | 附录 | 9 | 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。 1.3 公司负责人杨凤明、主管会计工作负责人刘万里及会计机构负责人（会计主管人员）张巧凤 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、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 20 1.2 未出席董事情况 未出席董事姓名 未出席董事职务 未出席原因的说明 被委托人姓名 宋志强 董事 因有重要事项，未能亲 自出席本次会议。 董事刘万里 杨承 董事 因有重要事项，未能亲 自出席本次会议。 董事刘万里 张文良 独立董事 未联系到 单位 ...

Financial Performance - The company's operating revenue for 2015 was ¥757,259,219.66, a decrease of 28.49% compared to ¥1,058,990,520.98 in 2014[18]. - The net profit attributable to shareholders was a loss of ¥53,436,197.22, a decline of 528.32% from a profit of ¥12,475,850.36 in 2014[18]. - The cash flow from operating activities showed a net outflow of ¥67,218,350.57, down 125.38% from a positive cash flow of ¥264,811,412.69 in 2014[18]. - Basic earnings per share decreased by 38.1% to ¥0.0364 from ¥0.0588 in 2014[19]. - The total assets at the end of 2015 were ¥2,502,896,153.21, a decrease of 4.30% from ¥2,615,351,940.95 at the end of 2014[18]. - The weighted average return on equity decreased to 1.62% from 2.67% in 2014, a reduction of 1.05 percentage points[19]. - The company reported a net profit of CNY 13.95 million, a decline of 38.16% year-on-year, primarily due to a significant drop in main business income and product order prices[31]. - The total revenue for the year 2015 was 12,632 million, with a decrease of 3,100 million compared to the previous year[111]. - The company reported a net loss of 3,100 million for the year, indicating a significant decline in profitability[111]. Dividend Policy - Due to a small profit base in 2015 and tight funding conditions, the company plans not to distribute dividends for the year, with the distributable profit carried over to 2016 to supplement working capital[3]. - The company will not conduct capital reserve transfers to increase share capital in 2015[3]. - The company has a cash dividend policy that prioritizes cash dividends, with a total cash dividend of 6,900,132.10 (including tax) distributed based on the 2014 total share capital[70]. - The company plans to not distribute dividends for 2015 due to a tight cash flow situation, with the available profit of RMB 272,258,862.52 being carried over to 2016 for working capital[72]. Market Risks and Strategies - The company faces significant market risks due to a slowdown in domestic electricity demand and a decrease in thermal power projects, which negatively impacts development[5]. - To address market risks, the company will enhance product research and innovation, accelerate product optimization, and expand both domestic market share and international business[5]. - The company continues to face a challenging market environment due to economic downturns and increased competition in the air cooler industry[26]. - The company is focusing on expanding its international market presence and improving its engineering contracting capabilities[63]. - The company plans to strengthen its financial management by establishing a cash flow budget and enhancing debt recovery efforts[66]. Financial Risks and Management - Financial risks are heightened by a shrinking market demand and high levels of accounts receivable and inventory, leading to increased refinancing and interest rate risks[5]. - The company plans to establish a financial warning analysis mechanism and improve cash flow management to mitigate financial risks[5]. - The company is exposed to exchange rate risks related to foreign currency assets and liabilities from large air-cooled equipment export contracts[6]. - To manage exchange rate risks, the company will utilize trade financing tools and forward foreign exchange contracts[6]. - The company has a high level of accounts receivable and inventory, leading to significant bank loan reliance, which influenced the decision to forgo dividend distribution in 2015[73]. Research and Development - The company obtained three new patents during the reporting period, including an invention patent for a welding device to prevent cracks in copper tube ends[33]. - The company’s research and development expenses were CNY 21.69 million, a decrease of 25.09% compared to the previous year[36]. - Research and development expenses totaled 21,690,966.40 CNY, accounting for 2.86% of total revenue, with 168 R&D personnel, making up 20.87% of the total workforce[47]. - The company aims to enhance its core competitiveness by increasing product R&D and innovation, particularly in the nuclear power and air separation markets[62]. Corporate Governance and Management Changes - The company appointed Liu Wanli as the new General Manager on April 7, 2015, following the resignation of Chairman Yang Fengming[112]. - Liu Meijuan was appointed as the Deputy General Manager on January 11, 2016[114]. - The company reported a significant management restructuring with multiple board member changes during the reporting period[115]. - The company has been focusing on enhancing its corporate governance by appointing independent directors with relevant expertise[115]. - The company has a diverse board with members holding various positions in other organizations, indicating strong industry connections[116]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,892, an increase from 46,137 at the end of the previous month[98]. - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 130,449,385 shares, representing 34.03% of the total shares, with 65,220,000 shares pledged[100]. - The company has no known relationships or concerted actions among the top ten shareholders[101]. - The total remuneration for the chairman and general manager is 57.14 million RMB[110]. Financial Statements and Audit - The financial statements were audited and deemed to fairly reflect the company's financial position and operating results for the year ended December 31, 2015[147]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls as of December 31, 2015[139]. - The company's accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of financial status and results[197].

Financial Performance - Net profit attributable to shareholders was CNY -24,770,490.77, a decline of 558.49% year-on-year[10]. - Operating revenue fell by 36.76% to CNY 442,699,569.97 compared to the same period last year[10]. - The company reported a basic earnings per share of CNY -0.0646, a decrease of 558.16% compared to the previous year[10]. - Net profit for the period was a loss of CNY 26,900,116.62, compared to a profit of CNY 8,657,022.09 in the same period last year[45]. - The total profit (loss) for the period was -24,920,536.80 RMB, compared to a profit of 10,946,463.90 RMB in the previous year[50]. - The net profit (loss) for the period was -24,920,536.80 RMB, while the previous year's net profit was 10,558,371.53 RMB, indicating a significant decline[50]. - The total comprehensive income for the period was a loss of CNY 26,881,911.91, indicating challenges in maintaining profitability[47]. Cash Flow - Net cash flow from operating activities was CNY -49,708,763.76, a decrease of 118.26% year-on-year[7]. - Cash flow from operating activities generated a net outflow of -49,708,763.76 RMB, a stark contrast to the previous year's inflow of 272,166,968.95 RMB[53]. - Cash inflow from operating activities totaled 615,631,031.21 RMB, down from 811,298,996.53 RMB year-over-year[53]. - Cash outflow from operating activities increased to 665,339,794.97 RMB, compared to 539,132,027.58 RMB in the previous year[53]. - Cash flow from financing activities improved by 127.00% to CNY 77,765,806.31, resulting from decreased loan repayments[20]. - Cash inflow from financing activities was $800 million, with cash outflow totaling $722.23 million, leading to a net cash flow from financing activities of $77.77 million[59]. Assets and Liabilities - Total assets decreased by 4.37% to CNY 2,501,170,215.13 compared to the end of the previous year[7]. - Total current assets decreased from CNY 1,834,087,063.10 at the beginning of the year to CNY 1,736,072,449.53[28]. - Current liabilities increased from CNY 1,475,066,985.84 to CNY 1,646,076,517.23, an increase of about 11.59%[32]. - Total liabilities decreased from CNY 1,759,264,624.44 to CNY 1,676,735,717.77, a decrease of approximately 4.68%[32]. - Owner's equity decreased from CNY 856,087,316.51 to CNY 824,434,497.36, a decline of about 3.69%[32]. Shareholder Information - The number of shareholders reached 49,537 at the end of the reporting period[12]. - The largest shareholder, Harbin Industrial Investment Group, holds 34.03% of the shares, with 130,449,385 shares pledged[12]. Operational Insights - Operating costs fell by 33.31% to CNY 361,810,889.99, reflecting a decrease in product sales revenue[19]. - The company has not disclosed any new product developments or market expansion strategies in this report[16]. - The company is focusing on cost management, with financial expenses reported at CNY 14,469,084.23, which is a critical area for future improvement[43]. Investment Activities - Investment income increased significantly by 2,397.57% to CNY 15,215,080.39, attributed to higher dividends from invested entities[19]. - The company reported an investment loss of CNY 1,679,153.54, primarily from joint ventures and associates[48]. - Cash received from investment income was $6.50 million, a significant increase from $0.83 million in the same period last year[59]. Inventory and Receivables - Accounts receivable declined from CNY 1,137,030,727.00 to CNY 991,875,941.82, indicating a reduction in credit sales[28]. - Inventory increased from CNY 398,588,985.30 to CNY 461,610,284.57, suggesting potential overstocking issues[28].