Financial Performance - Operating revenue for the first nine months reached CNY 678,692,845.70, an increase of 13.93% year-on-year[6] - Net profit attributable to shareholders was CNY 33,388,586.67, representing a growth of 53.11% compared to the same period last year[6] - The weighted average return on equity increased to 5.16%, up by 1.58 percentage points from 3.58%[6] - Basic earnings per share rose to CNY 0.0732, reflecting a 53.14% increase from CNY 0.0478[6] - The company reported a net profit increase, with retained earnings rising from CNY 119,173,345.23 to CNY 137,963,787.90, an increase of about 15.7%[24] - Total profit for the first nine months was ¥46,393,900.58, an increase of 64.1% from ¥28,290,610.16 in the same period last year[33] - The company reported a total comprehensive income of ¥7,004,777.65 for Q3, compared to ¥7,808,332.63 in the same period last year[34] - Total comprehensive income for the third quarter reached CNY 29,577,623.54, compared to CNY 17,116,786.93 in the same period last year, reflecting a significant increase[37] Cash Flow and Assets - Cash flow from operating activities generated CNY 9,755,558.78, a significant recovery from a negative cash flow of CNY -37,360,004.26 in the previous year[6] - Cash and cash equivalents decreased by 38.72% to ¥186,732,713.98 from ¥304,745,275.94 due to loan repayments and increased investments[13] - Total current assets decreased from CNY 843,172,954.27 to CNY 750,502,113.67, a decline of approximately 11%[22] - Cash and cash equivalents dropped significantly from CNY 304,745,275.94 to CNY 186,732,713.98, a decrease of around 39%[22] - The company incurred cash outflows of CNY 75,671,191.48 for investment activities, compared to CNY 19,509,346.62 in the previous year, resulting in a net cash outflow of CNY -75,106,883.48[41] - Cash flow from operating activities generated a net cash inflow of CNY 9,755,558.78, a turnaround from a net outflow of CNY -37,360,004.26 in the previous year[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,510[10] - The largest shareholder, Tianjin Hydraulic Machinery Group Co., Ltd., held 60.50% of the shares[10] - The company plans to issue shares privately, which has been approved by the board and awaits final approval from the China Securities Regulatory Commission[14] - The company commits to distributing dividends in cash, stock, or a combination thereof, with a minimum of 30% of the distributable profits over the last three years being distributed in cash[18] - The company will not reduce its holdings in Baoli Electric shares for six months following the completion of the non-public issuance of A shares[18] Liabilities and Equity - Total liabilities decreased from CNY 789,244,002.36 to CNY 738,844,469.88, a reduction of about 6%[24] - Owner's equity increased from CNY 737,824,318.47 to CNY 756,143,626.67, reflecting a growth of approximately 2.5%[24] - Short-term borrowings decreased by 33.35% to ¥49,990,000.00 from ¥75,000,000.00 as a result of loan repayments[13] Operational Highlights - The company reported a 44.98% increase in sales revenue to ¥571,294,200.20 from ¥394,052,273.88 due to increased cash receipts from sales[13] - Total operating revenue for Q3 was ¥230,227,903.19, a decrease of 2.9% compared to ¥235,185,423.84 in the same period last year[32] - Total operating costs for Q3 were ¥225,627,596.75, down 4.5% from ¥236,339,378.66 year-over-year[32] - Operating profit for Q3 was ¥7,611,437.20, a slight decrease of 3.5% from ¥7,886,210.22 in the previous year[32] - Management expenses for Q3 were ¥26,531,601.08, slightly down from ¥27,168,033.56 year-over-year[32] Future Plans and Commitments - The company plans to focus on market expansion and new product development in the upcoming quarters[36] - The company aims to minimize or avoid related transactions with Baoli Electric and its subsidiaries in future operations[17] - The company guarantees that any unavoidable related transactions will adhere to fair market pricing principles[17] - The company has a commitment to prioritize the acquisition of new technologies and products developed by its subsidiaries[17] - The company will ensure that any related transactions are conducted in compliance with relevant laws and regulations[17] - The company has pledged to avoid any new business competition with its subsidiaries[17] - The company will provide Baoli Electric with the right of first refusal for any assets or businesses related to its operations[17]

2015 年半年度报告 公司代码：600468 公司简称：百利电气 天津百利特精电气股份有限公司 2015 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 独立董事 | 盛 斌 | 因公出差 | 陈建国 | | 独立董事 | 郝振平 | 因公出差 | 陈建国 | 三、 本半年度报告未经审计。 四、 公司负责人左斌、主管会计工作负责人李军及会计机构负责人（会计主管人员）洪波声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 报告期内，公司未制定半年度利润分配预案或公积金转增股本预案。 六、 前瞻性陈述的风险声明 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其关联方非经营 ...

Financial Performance - Operating revenue increased by 66.96% to CNY 197,160,943.86 compared to the same period last year[5] - Net profit attributable to shareholders increased by 168.92% to CNY 9,884,152.66 compared to the same period last year[5] - Basic earnings per share increased by 167.90% to CNY 0.0217 compared to the same period last year[5] - The weighted average return on equity increased by 0.93 percentage points to 1.54% compared to the same period last year[5] - Net profit for the current period was ¥11,692,292.27, representing a 167.0% increase from ¥4,376,503.24 in the previous period[26] - The profit attributable to the parent company's shareholders was ¥9,884,152.66, up 168.0% from ¥3,675,483.14 in the prior period[26] Cash Flow - Net cash flow from operating activities decreased by 73.53% to CNY 580,261.41 compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥580,261.41, a decrease from ¥2,192,172.75 in the previous period[35] - The net cash flow from operating activities was -2,814,362.29 RMB, compared to -7,761,892.18 RMB in the previous period, indicating an improvement[39] - Cash inflow from financing activities totaled 40,000,000.00 RMB, while cash outflow was 40,814,123.85 RMB, resulting in a net cash flow of -40,814,123.85 RMB[40] - The net cash and cash equivalents decreased by 43,631,236.14 RMB, compared to an increase of 650,485.32 RMB in the previous period[40] Assets and Liabilities - Total assets decreased by 4.47% to CNY 1,458,750,746.53 compared to the end of the previous year[5] - Total current assets decreased from ¥843,172,954.27 to ¥761,607,221.38, a decline of approximately 9.7%[16] - Cash and cash equivalents decreased from ¥304,745,275.94 to ¥238,563,209.91, a reduction of about 21.7%[16] - Total liabilities decreased from ¥789,244,002.36 to ¥709,234,135.79, a decline of approximately 10.1%[18] - Total equity increased from ¥737,824,318.47 to ¥749,516,610.74, an increase of about 1.1%[18] Shareholder Information - The total number of shareholders reached 17,569 at the end of the reporting period[8] - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., holds 60.50% of the shares[9] Operating Costs and Expenses - The operating cost for the current period was ¥152,171,991.45, reflecting a 78.94% increase from ¥85,042,302.32 in the previous period[11] - Total operating costs amounted to ¥195,715,306.96, up 61.1% from ¥121,371,355.49 in the prior period[26] - Sales expenses increased to ¥12,414,887.09, up 27.5% from ¥9,737,980.02 in the previous period[26] - Management expenses rose to ¥29,741,095.53, an increase of 18.0% from ¥25,091,430.90 in the prior period[26] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,706,932.30, primarily from fixed asset disposal gains and government subsidies[6] - The company reported a significant increase in other receivables, which rose by 41.18% to ¥11,170,401.73, primarily due to increased bid guarantees[11] - The construction in progress increased by 82.08% to ¥19,871,887.82, mainly due to additional investments in projects by a subsidiary[11] - The company’s tax payable increased by 104.95% to ¥4,886,973.70, mainly due to an increase in value-added tax and income tax[11] - The financial expenses decreased by 61.46% to ¥236,391.67, attributed to reduced interest expenses[11]

Financial Performance - The company's operating revenue for 2014 was CNY 910,529,434.35, representing a 20.40% increase compared to CNY 756,233,840.33 in 2013[22] - The net profit attributable to shareholders for 2014 was CNY 48,585,228.31, a 43.81% increase from CNY 33,784,634.25 in 2013[22] - The basic earnings per share for 2014 was CNY 0.1065, reflecting a 43.72% increase from CNY 0.0741 in 2013[24] - The total profit reached CNY 64.52 million, an increase of 31.59% compared to the previous year[32] - Net profit attributable to shareholders was CNY 48.59 million, up 43.81% year-on-year[32] - The net profit for the reporting period was CNY 55,824,731.27, an increase of 29.37% compared to CNY 43,151,283.21 in the previous year[54] - The revenue from the manufacturing sector was CNY 604,262,033.41, with a gross margin of 28.24%, reflecting a decrease of 8.75% compared to the previous year[57] - The revenue from the trade sector was CNY 300,281,113.44, with a gross margin of 0.83%, showing an increase of 256.95% year-on-year[57] Cash Flow - The net cash flow from operating activities for 2014 was CNY 289,882,864.54, a significant increase from CNY 10,167,274.20 in 2013, representing a growth of 2,751.14%[23] - The company reported a significant increase in cash received from other operating activities, totaling ¥453,895,886.55, up from ¥152,466,258.41[193] - Cash inflow from investment activities totaled ¥123,171,849.68, compared to ¥25,235,980.55 in the previous period, marking a substantial increase[194] - Net cash outflow from investment activities was ¥97,169,881.76, worsening from ¥19,146,597.47 in the prior period[194] - Cash inflow from financing activities was ¥104,500,000.00, down from ¥145,000,000.00 in the previous period[194] - Net cash outflow from financing activities was ¥61,816,907.99, compared to a smaller outflow of ¥30,580,349.52 in the prior period[194] Assets and Liabilities - The total assets at the end of 2014 amounted to CNY 1,527,068,320.83, which is a 17.29% increase from CNY 1,301,959,170.93 in 2013[23] - Total liabilities rose to CNY 789,244,002.36 from CNY 613,372,655.18, marking an increase of about 28.7%[179] - Owner's equity increased to CNY 737,824,318.47 from CNY 688,586,515.75, representing a growth of approximately 7.1%[180] - Current assets rose to CNY 843,172,954.27, up from CNY 625,529,951.74, indicating a growth of about 34.8%[179] - Cash and cash equivalents increased significantly to CNY 304,745,275.94 from CNY 160,844,939.41, a rise of approximately 89.4%[178] Research and Development - A total of 84 patents were applied for during the reporting period, with 75 patents granted, including 10 invention patents[33] - R&D expenditure rose by 41.29% to CNY 33.52 million, reflecting a commitment to innovation[38] - The company has applied for a total of 778 patents, including 142 invention patents, demonstrating strong R&D capabilities[63] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.32 per share, totaling CNY 14,598,144.00, which is 30.05% of the net profit for the year[2] - The cash dividend payout ratio for 2013 was 31.06% of the net profit attributable to shareholders, while the ratio for 2014 was 30.05%[97] - The company revised its profit distribution policy and established a shareholder return plan for 2015-2017, which was approved at the 2015 first extraordinary general meeting[96] Corporate Governance - The company has established a comprehensive internal control and management system to mitigate risks associated with its expanding scale[87] - The board of directors and supervisory board complied with legal requirements, maintaining a responsible and effective governance structure[160] - The company approved the "Internal Accountability System for Securities Violations" during the second extraordinary general meeting of shareholders in 2014, enhancing corporate governance and compliance mechanisms[162] Acquisitions and Investments - The company completed the acquisition of Chengdu Ruilian Electric Co., Ltd. with a shareholding of 98.3657%, with a transaction price based on an evaluation report[104] - The company invested CNY 233.39 million in Chengdu RuiLian Electric Co., Ltd., enhancing its core competitiveness[65] - The company divested from the tungsten and molybdenum sector to improve asset quality and shareholder value[35] Market and Sales Performance - Sales of power distribution products increased by 13.34% due to optimized sales strategies[34] - Trade product sales increased by ¥216,157,496.51, a significant growth of 256.95% year-on-year[40] - The company has developed several new products, including the TQ50 isolation dual power supply and TM60-630 plastic shell circuit breaker, to meet national power department requirements[51] Risk Management - The company faces risks from fluctuating raw material prices, particularly for copper, silver, and steel, which directly impact production costs[88] - The company has committed to avoiding any direct or indirect engagement in competing businesses with its subsidiaries, ensuring compliance with fair market practices in related transactions[115] Employee and Management Structure - The company employed a total of 1,625 staff, with 42 in the parent company and 1,583 in major subsidiaries[152] - The company has established a comprehensive salary assessment system, linking performance evaluations to remuneration for different employee categories[153] - The core technical team remained stable during the reporting period, with no significant changes[150]

天津百利特精电气股份有限公司 2014 年第三季度报告 天津百利特精电气股份有限公司 2014 年第三季度报告 1 / 24 | | | | 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 | 10 | 天津百利特精电气股份有限公司 2014 年第三季度报告 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 | | --- | --- | --- | --- | | 赵久占 | 董事 | 因公出差 | | 1.3 公司负责人张文利、主管会计工作负责人李军及会计机构负责人（会计主管人员）洪波保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | --- | | | | | | 减(%) | | ...

Financial Performance - The company achieved operating revenue of CNY 360.54 million in the first half of 2014, representing a year-on-year increase of 1.15%[16] - Net profit attributable to shareholders was CNY 15.18 million, up 6.58% compared to the same period last year[16] - Net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 13.68 million, a significant increase of 64.47% year-on-year[16] - The company's operating revenue for the current period is CNY 360,537,268.39, a 1.15% increase from CNY 356,447,294.30 in the same period last year[18] - The net profit for the current period is CNY 18,357,973.16, representing a 4.66% increase from CNY 17,540,566.22 in the previous year[18] - The company reported a net profit for the first half of the year is CNY 17,540,566.22, compared to CNY 14,244,193.46 in the previous year, indicating a growth of about 23.8%[75] - The company reported a comprehensive income of CNY 20,361,296.88 for the period, compared to CNY 17,540,566.22 in the previous year, indicating an increase of approximately 16.4%[75] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1.38 billion, reflecting a growth of 6.07% from the beginning of the year[16] - Total assets increased to CNY 1,380,945,262.55, up from CNY 1,301,959,170.93, representing a growth of approximately 6.05%[50] - Non-current assets totaled CNY 703,604,687.33, compared to CNY 676,429,219.19, reflecting an increase of about 4.02%[50] - Current liabilities rose to CNY 634,520,166.14 from CNY 575,696,369.61, indicating an increase of approximately 10.21%[51] - Total liabilities reached CNY 672,216,778.53, up from CNY 613,372,655.18, marking a growth of around 9.59%[51] - Owner's equity totaled CNY 708,728,484.02, compared to CNY 688,586,515.75, showing an increase of about 2.07%[52] Cash Flow - The cash flow from operating activities shows a significant improvement, with a net amount of CNY 21,459,896.82 compared to a negative CNY 5,997,340.43 last year, marking a 457.82% increase[18] - Cash inflow from operating activities totaled 105,207,904.20 RMB, an increase from 64,056,506.40 RMB year-on-year[66] - The net cash flow from operating activities was -1,727,846.62 RMB, compared to 11,950,610.84 RMB in the previous period[67] - The total cash and cash equivalents at the end of the period were 147,888,687.46 RMB, compared to 171,876,271.45 RMB at the end of the previous period[64] Investments and R&D - The company made progress in its non-public offering, signing a framework agreement for the transfer of intellectual property for the 220kV/800A superconducting current limiter project with State Grid Tianjin Electric Power Company[17] - The company's R&D expenditure increased by 23.71% to CNY 14,063,218.19 from CNY 11,368,224.12 in the previous year[18] - Investment income from joint ventures and associates was CNY 18,903,742.04, a significant increase of 87.73% compared to CNY 10,089,580.13 in the previous year[56] Shareholder Information - The company distributed a cash dividend of 0.23 RMB per share, totaling 10,492,416.00 RMB based on a total share capital of 456,192,000 shares as of December 31, 2013[28] - The total number of shareholders at the end of the reporting period was 16,913[40] - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., holds 60.50% of the shares, totaling 276,003,271 shares[40] Compliance and Governance - The company has no major litigation, arbitration, or media disputes during the reporting period[30] - The company’s governance structure complies with the requirements of the Company Law and relevant regulations[36] - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[75] Subsidiaries and Business Operations - The company reported total assets of 81,963.52 million RMB and net assets of 40,585.85 million RMB for its subsidiary Tianjin Tebian Electric Apparatus Co., Ltd. with a revenue of 47,606.96 million RMB and a net profit of 1,473.66 million RMB[27] - The company has established several wholly-owned subsidiaries, including Tianjin Baili Electric Sales Co., Ltd. and Tianjin Baili Electric Supporting Co., Ltd., with registered capital of CNY 2 million and CNY 3.3 million respectively[175] - The company operates in the power equipment industry, focusing on manufacturing and sales of various electrical and mechanical products[89] Accounts Receivable and Credit Management - The total accounts receivable at the end of the period amounted to ¥316,657,387.92, with a bad debt provision of ¥27,521,998.47, representing 8.69% of the total[191] - The accounts receivable aging analysis shows that 1 year and below accounts for 77.18% of the total, with a balance of ¥244,409,569.71 and a bad debt provision of ¥12,220,478.48[191] - The total bad debt provision for accounts receivable is 8.69% of the total accounts receivable, reflecting a conservative approach to credit risk management[191] - The company should consider strategies to improve collection on aging receivables, particularly those over 5 years old, to mitigate potential losses[199]

天津百利特精电气股份有限公司 600468 2014 年第一季度报告 | | | | 一、 | 重要提示 2 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 600468 天津百利特精电气股份有限公司 2014 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。 1.3 | 公司负责人姓名 | 张文利 | | --- | --- | | 主管会计工作负责人姓名 | 李军 | | 会计机构负责人（会计主管人员）姓名 | 李军 | 公司负责人张文利、主管会计工作负责人李军及会计机构负责人（会计主管人员）李军保证 季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 600468 天津百利特精电气股份有限公司 2014 年第一季度报告 二、 公司主要财务数据和股东变化 单位:元 币种:人民币 | | 本报告 ...

天津百利特精电气股份有限公司 2013 年年度报告 天津百利特精电气股份有限公司 600468 2013 年年度报告 天津百利特精电气股份有限公司 2013 年年度报告 重要提示 一、 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人张文利、主管会计工作负责人李军及会计机构负责人（会计主管人员）李 军声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案：拟以 2013 年 12 月 31 日总股本 456,192,000 股为基数，每 10 股派发现金红利 0.23 元（含税），共计派发现金 10,492,416.00 元,占 2013 年度归属上市公司股东净利润的 31.06%。 六、 前瞻性陈述的风险声明 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投 资者注意投资风险。 七、 是否存在 ...