Financial Performance - The company's operating revenue for Q3 2021 was ¥648,708,788.07, representing a year-on-year increase of 9.25%[5] - The net profit attributable to shareholders for Q3 2021 was ¥40,571,661.02, a decrease of 6.51% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,746,965.41, an increase of 4.52% year-on-year[5] - The company reported a basic earnings per share of ¥0.0373 for Q3 2021, a decrease of 6.52% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,765,263,918.74, an increase of 15.0% compared to ¥1,534,640,168.52 in the same period of 2020[27] - Operating profit for the first three quarters of 2021 was ¥136,345,098.32, up 10.5% from ¥123,320,658.62 in the previous year[27] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥96,717,104.71, representing a 15.5% increase from ¥84,001,577.70 in 2020[29] - The basic earnings per share for the first three quarters of 2021 was ¥0.0889, an increase from ¥0.0772 in the same period of 2020[29] - The total comprehensive income for the first three quarters of 2021 was ¥104,921,704.25, compared to ¥115,059,615.94 in the previous year, showing a decline of 8.9%[29] Assets and Liabilities - The total assets as of the end of Q3 2021 were ¥3,480,968,626.80, a decrease of 3.98% from the end of the previous year[5] - As of September 30, 2021, total assets amounted to approximately 3.48 billion, a decrease from 3.63 billion as of December 31, 2020[20] - Current assets totaled approximately 2.22 billion, down from 2.35 billion year-over-year, primarily driven by a decrease in cash and cash equivalents[20] - Total liabilities decreased to approximately 1.41 billion from 1.62 billion, indicating a reduction of about 13%[22] - Total liabilities were $1.62 billion, a slight increase from $1.62 billion in the previous period, indicating stable liability management[45] - The company's equity attributable to shareholders increased to approximately 1.87 billion from 1.81 billion, reflecting a growth of about 3.9%[23] - The company's equity totaled $2.00 billion, remaining unchanged from the previous period, reflecting consistent shareholder value[45] Cash Flow - The cash flow from operating activities increased by ¥11,272.72 million year-on-year due to improved cash collection measures[8] - The net cash flow from operating activities for the first three quarters of 2021 was ¥50,804,702.40, a significant improvement from a negative cash flow of -¥61,922,459.72 in the same period last year[33] - The company received cash from operating activities totaling ¥1,648,389,896.25, an increase from ¥1,295,564,841.31 in the same period of 2020[33] - The net cash flow from investing activities was -$126.70 million, compared to -$5.31 million in the previous period, indicating a significant increase in cash outflow[35] - Cash inflow from financing activities totaled $119.60 million, down from $143.00 million in the previous period, while cash outflow for financing activities increased to $151.86 million from $100.92 million[35] - The net cash flow from financing activities was -$32.26 million, a decrease from $42.08 million in the previous period, reflecting higher cash outflows[35] - The ending cash and cash equivalents balance was $383.60 million, down from $491.76 million at the beginning of the period, indicating a decrease of approximately 22%[35] Investments and Expenses - Research and development expenses increased to ¥73,961,023.14 in the first three quarters of 2021, compared to ¥60,939,584.12 in 2020, reflecting a growth of 21.4%[27] - Total operating costs for the first three quarters of 2021 were ¥1,656,844,074.80, up 15.6% from ¥1,432,939,618.16 in the same period of 2020[27] - The company reported a decrease in credit impairment losses to -¥5,430,316.42 in 2021 from -¥8,937,234.61 in 2020, indicating improved asset quality[27] - The company has implemented new leasing standards, which resulted in an adjustment of $1.90 million in non-current assets[39] Other Information - The company received government subsidies amounting to ¥7,487,001.88 during the reporting period, contributing to the increase in net profit[8] - The company has ongoing litigation related to a subsidiary, which has not progressed as of September 30, 2021[14] - Accounts receivable increased to approximately 1.01 billion, up from 827.2 million, indicating a growth of about 22.4%[20] - Inventory decreased to approximately 529.4 million from 582.6 million, reflecting a decline of about 9.1%[20] - Non-current assets totaled approximately 1.27 billion, slightly down from 1.27 billion, with long-term equity investments increasing to approximately 308.4 million[20] - The company maintained goodwill at approximately 227.99 million, unchanged from the previous period[21] - The company reported a decrease in short-term borrowings to 175 million from 160 million, indicating a slight increase of about 9.4%[21] - Deferred income tax liabilities decreased to approximately 12.67 million from 14.79 million, showing a decline of about 14.3%[23] - The company reported a significant increase in cash outflow related to investment activities, totaling $139.34 million, compared to $98.87 million in the previous period[35]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,116,555,130.67, representing an increase of 18.67% compared to ¥940,872,982.11 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥56,145,443.69, up 38.27% from ¥40,606,473.32 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥53,884,790.26, which is a 59.95% increase from ¥33,687,774.05 in the same period last year[23]. - The basic earnings per share for the first half of 2021 was ¥0.0516, an increase of 38.34% compared to ¥0.0373 in the previous year[24]. - The weighted average return on net assets was 3.05%, an increase of 0.68 percentage points from 2.37% in the same period last year[24]. - The total profit reached 7,977.64 million RMB, an increase of 22% compared to the previous year[34]. - Net profit attributable to shareholders was 5,614.54 million RMB, up 38.27% year-on-year[34]. - The net profit after deducting non-recurring gains and losses was 5,388.48 million RMB, reflecting a growth of 59.95%[34]. - The company reported a net profit margin of approximately 5.03% for the first half of 2021, compared to 4.30% in the same period of 2020[107]. - The total comprehensive income for the first half of 2021 was CNY 10,775,389.38, a substantial increase from CNY 1,750,022.40 in the previous year[113]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,437,242,053.03, a decrease of 5.19% from ¥3,625,265,685.52 at the end of the previous year[23]. - The company's total assets decreased to ¥2,199,481,676.18 as of June 30, 2021, down from ¥2,323,970,280.37 at the end of 2020, a decline of 5.34%[103]. - Total liabilities decreased to approximately $1.41 billion from $1.62 billion, a reduction of about 13%[95]. - The company's total liabilities decreased to ¥575,016,182.78, down 15.04% from ¥676,560,382.39 at the end of 2020[103]. - The total equity at the end of the reporting period is CNY 1,121,895,038.00, with a capital reserve of CNY 408,232,889.44 and undistributed profits of CNY 271,879,236.32[139]. Cash Flow - The net cash flow from operating activities was ¥23,720,961.92, compared to a negative cash flow of -¥26,908,558.81 in the same period last year[23]. - The company's cash and cash equivalents decreased to ¥30,712,609.50 as of June 30, 2021, down 78.06% from ¥139,211,024.82 at the end of 2020[103]. - Operating cash inflow for the first half of 2021 was CNY 1,103,794,338.76, an increase of 28.5% compared to CNY 858,624,446.21 in the first half of 2020[118]. - Cash outflow from investing activities totaled CNY 132,041,993.49, compared to CNY 93,680,897.99 in the first half of 2020, indicating increased investment activity[118]. - Cash inflow from financing activities was CNY 87,600,000.00, down from CNY 113,000,000.00 in the previous year[121]. Investments and Acquisitions - The company made a significant equity investment of CNY 82,216,200.00 in Rongxin Industry during the reporting period[44]. - The company also paid CNY 33,073,500.00 for the acquisition of supporting assets related to Rongxin Industry[45]. - The acquisition agreement includes profit commitments for the years 2019, 2020, and 2021, with minimum net profits of RMB 60 million, 70 million, and 80 million respectively, which are subject to various market and management risks[49]. Employee and Shareholder Matters - The company implemented an employee stock ownership plan, purchasing 1,259,100 shares at an average price of 3.96 RMB per share, totaling approximately 4,991,265.82 RMB[34]. - The total number of common shareholders at the end of the reporting period was 24,859[84]. - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., held 579,606,870 shares, representing 51.66% of the total shares[84]. - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[7]. Risks and Challenges - The company has disclosed potential risks in the report, which investors should be aware of[9]. - The company faces risks from fluctuations in raw material prices, such as copper and nylon, which could increase production costs and impact product profitability[49]. - Accounts receivable risks are present due to long payment cycles and retention of warranty funds, leading to higher operational costs and potential impacts on overall profitability[49]. - The company is undergoing a transformation that includes integrating loss-making subsidiaries to improve labor productivity and technological capabilities, while facing risks related to market cultivation and talent shortages in emerging industries[49]. Compliance and Governance - The company has committed to avoiding any direct or indirect competition with its own business, ensuring compliance with commitments made since December 5, 2014[61]. - The company has established long-term commitments to manage related party transactions, with adherence confirmed since January 30, 2019[64]. - The company guarantees that its subsidiaries will not increase investments in businesses similar to its own, maintaining operational independence[64]. - The company has confirmed that it will not engage in any new business activities that could compete with its existing operations[64]. Financial Reporting and Accounting - The financial statements are prepared based on the going concern principle, in accordance with the accounting standards issued by the Ministry of Finance[151]. - The company has confirmed that its financial statements comply with the requirements of the accounting standards, reflecting its financial position and operating results accurately[156]. - The company recognizes the income, expenses, and profits of newly acquired subsidiaries from the acquisition date to the end of the reporting period in the consolidated profit statement[164].

股票简称：百利电气 股票代码：600468 公告编号：2021-016 | --- | |-----------------------------------------------------------------------------------------------------------------------------------------| | | | 关于举办"投资者网上集体接待日"活动的公告 | | 特别提示 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | 重要内容提示： 会议召开时间：2021 年 5 月 19 日（周三）下午 15:00-16:30 会议召开方式：借助"全景•路演天下"平台以网络方式召开 天津百利特精电气股份有限公司（以下简称"公司"）已于 2021 年 4 月 20 日发布了 2020 年年度报告。为便于广大投资者深入全面地 了解公司情况，公司将于 2021 年 5 月 19 日（周三）15:00-16:30 在 全景网举办网上集体接待日活动。本次活动将采用网 ...

2021 年第一季度报告 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 2021 年第一季度报告 1 / 26 2021 年第一季度报告 | --- | --- | |-------|----------------| | | | | | | | | 目录 | | | | | 一、 | 重要提示 | | 11 | 公司基本情况 | | | 三、 重要尊项. | | 四、 | 附录. | 2 / 26 2021 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 公司负责人赵久占、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 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |---------------------------------- ...

Financial Performance - The company's operating revenue for 2020 was CNY 2,199,461,378.93, representing a 40.16% increase compared to CNY 1,569,254,445.34 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 109,973,160.30, a significant increase of 95.30% from CNY 56,311,165.20 in 2019[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,208,434.99, reflecting a 140.49% increase compared to CNY 40,836,190.79 in 2019[20] - The total profit for 2020 was 160.11 million RMB, representing a year-on-year growth of 103.86%[38] - The company's total assets increased to 3,625.27 million RMB, a growth of 10.02% from the beginning of the year[38] - Basic earnings per share rose by 95.93% to CNY 0.1011 in 2020 compared to CNY 0.0516 in 2019[22] - The weighted average return on equity increased by 2.93 percentage points to 6.29% in 2020 from 3.36% in 2019[22] Cash Flow and Assets - The net cash flow from operating activities for 2020 was CNY 154,809,802.11, showing a slight increase of 5.30% from CNY 147,012,520.82 in 2019[20] - As of the end of 2020, the net assets attributable to shareholders were CNY 1,813,200,971.73, which is a 7.73% increase from CNY 1,683,071,585.70 at the end of 2019[20] - Total current assets increased to 2,352.04 million yuan in 2020, compared to 2,176.89 million yuan in 2019, reflecting a growth of 8.0%[180] - Cash and cash equivalents as of December 31, 2020, amounted to 579.10 million yuan, up from 351.49 million yuan in 2019, representing a growth of 64.5%[180] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.31 per share (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned for this year[4] - In 2020, the company distributed cash dividends amounting to 33,719,794.95 RMB, representing 30.66% of the net profit attributable to ordinary shareholders[84] - The cash dividend per 10 shares for 2020 was 0.31 RMB, compared to 0.00 RMB in 2019[84] Research and Development - The company applied for 79 new patents in 2020, including 22 invention patents[34] - The total R&D investment for the period is 89,548,852.82 CNY, representing 4.07% of operating revenue[58] - Research and development expenses for 2020 amounted to RMB 87,588,381.71, up from RMB 69,151,744.38 in 2019, indicating a focus on innovation[195] Market and Sales Performance - The company has expanded its market presence internationally, securing projects in Afghanistan, Turkey, Vietnam, and Mexico, thereby increasing its overseas sales footprint[43] - The manufacturing sector's revenue increased by 53.04% year-on-year, with a gross margin improvement of 5.20 percentage points[48] - The revenue from high, medium, and low voltage electrical products surged by 171.43%, with a gross margin increase of 7.12 percentage points[48] Risk Management and Compliance - The company has detailed potential risks in its report, which investors should review[6] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors and advises caution regarding investment risks[5] - The company has focused on risk management, enhancing internal control capabilities, and implementing a comprehensive risk management system to mitigate operational risks[42] Corporate Governance - The company has established principles for fair pricing in related transactions to maintain market fairness[88] - The company continues to engage independent directors to enhance corporate governance[138] - The internal control audit report was issued by Lixin Accounting Firm, confirming the effectiveness of internal controls with a standard unqualified opinion[161] Employee and Management Structure - The company has a total of 963 production personnel, 272 sales personnel, and 412 technical personnel among its employees[147] - The company emphasizes a performance assessment system based on "open, fair, and just" principles, linking assessment results to positions, salaries, and rewards[148] - The total pre-tax remuneration received by the board members during the reporting period amounted to 5.84 million yuan[135]

Financial Performance - Net profit attributable to shareholders rose by 106.09% to CNY 84,001,577.70 year-on-year[17] - Operating revenue for the first nine months increased by 32.21% to CNY 1,534,640,168.52 compared to the same period last year[17] - Basic earnings per share increased by 106.97% to CNY 0.0772[17] - The company reported a net profit increase, leading to a 30.51% rise in undistributed profits to CNY 359,362,736.43[23] - Total operating revenue for Q3 2020 reached ¥593.77 million, a 40% increase from ¥425.42 million in Q3 2019[50] - Net profit for Q3 2020 was ¥48.67 million, compared to ¥8.74 million in Q3 2019, representing a significant increase[52] - The company reported a total profit of ¥57.79 million for Q3 2020, compared to ¥12.67 million in Q3 2019[52] - The company's total comprehensive income for Q3 2020 was ¥48.44 million, compared to ¥8.74 million in Q3 2019[56] Assets and Liabilities - Total assets increased by 8.26% to CNY 3,567,222,994.97 compared to the end of the previous year[17] - Non-current assets totaled $1,276,499,084.94, an increase of 14.2% from $1,118,058,215.99[36] - Total liabilities amounted to $1,589,516,230.26, reflecting an increase of 10.9% from $1,433,272,865.13[38] - Current liabilities increased to $1,543,447,481.84, a rise of 10.3% compared to $1,399,407,195.43[36] - Shareholders' equity rose to $1,977,706,764.71, up 6.2% from $1,861,679,735.09[38] - The company’s total current assets remained stable at 2,176,894,384.23 RMB, consistent with the previous reporting period[76] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -61,922,459.72 for the first nine months[17] - The company's cash flow from operating activities for the first three quarters of 2020 was negative at -¥61,922,459.72, compared to -¥43,083,446.03 in the same period of 2019[64] - The cash inflow from operating activities totaled ¥1,295,564,841.31 for the first three quarters of 2020, compared to ¥1,006,613,025.05 in the same period of 2019, marking an increase of about 28.7%[64] - The total cash and cash equivalents at the end of the period decreased to 294,814,744.99 RMB from 420,785,289.86 RMB, indicating a reduction in liquidity[68] Shareholder Information - The total number of shareholders reached 21,529 by the end of the reporting period[19] - The largest shareholder, Tianjin Hydraulic Machinery Group Co., Ltd., holds 51.66% of the shares[19] Government Subsidies and Other Income - The company received government subsidies totaling CNY 19,341,520.24 during the first nine months, primarily from tax refunds and subsidies[17] - Other income rose by 51.10% to CNY 19,437,205.20, largely due to the consolidation of Liaoning Rongxin Company and increased tax refund income[25] - The company reported a non-operating income of CNY 9,192,689.46 for the third quarter[19] Expenses - The company’s sales expenses surged by 115.09% to CNY 86,636,425.43, attributed to the consolidation of Liaoning Rongxin Company[23] - R&D expenses in Q3 2020 amounted to ¥24.21 million, a 41% increase from ¥17.20 million in Q3 2019[50] - Tax expenses for Q3 2020 were ¥9.13 million, compared to ¥3.93 million in Q3 2019, reflecting a 132% increase[52] Compliance and Accounting Standards - The company has not made retrospective adjustments to comparative financial statements as per the new revenue standards[92] - The company is in compliance with the new accounting standards effective from January 1, 2020, without adjustments to prior year data[92] - The financial data reflects the company's adherence to the revised accounting standards without retrospective adjustments[90]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥940,872,982.11, representing a 27.96% increase compared to ¥735,309,804.58 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was ¥40,606,473.32, up 24.63% from ¥32,581,754.41 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥33,687,774.05, which is a 51.10% increase from ¥22,294,959.38 year-on-year[20]. - Basic earnings per share for the first half of 2020 were ¥0.0373, a 25.59% increase compared to ¥0.0297 in the same period last year[21]. - The weighted average return on net assets for the first half of 2020 was 2.37%, an increase of 0.43 percentage points from 1.94% in the previous year[21]. - The company achieved a total asset of CNY 3,521.66 million, an increase of 6.88% compared to the end of the previous year[37]. - The net profit attributable to shareholders reached CNY 40.61 million, a year-on-year growth of 24.63%[37]. - The operating revenue for the period was CNY 940.87 million, reflecting a year-on-year increase of 27.96%[37]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33.69 million, up 51.10% year-on-year[37]. - The total comprehensive income for the period reached CNY 66,614,679.81, compared to CNY 38,333,785.50 in the previous period, representing an increase of approximately 74%[112]. - The net profit attributable to the parent company was CNY 58,028,189.72, up from CNY 32,377,871.04, indicating a growth of about 79.5%[112]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,521,658,379.34, reflecting a 6.88% increase from ¥3,294,952,600.22 at the end of the previous year[20]. - Total assets at the end of the reporting period amounted to CNY 3,515,000,000, with a notable increase in fixed assets due to the acquisition of Mengwang Group's assets[48]. - Total liabilities amounted to ¥1,592,336,642.80, which is an increase of 11.1% compared to ¥1,433,272,865.13 at the end of 2019[99]. - The total liabilities as of June 30, 2020, were ¥697,211,330.82, an increase of 10.3% from ¥632,117,829.12 at the end of 2019[105]. - The total owner's equity at the end of the reporting period is 1,121,895,038.00 RMB, with a capital reserve of 407,213,222.29 RMB and undistributed profits of 157,690,305.76 RMB[141]. - The total equity at the end of the reporting period was 1,929,321,736.54, reflecting a significant increase from the previous year[133]. Cash Flow - The company reported a net cash flow from operating activities of -¥26,908,558.81, an improvement of 23.28% compared to -¥35,072,507.12 in the same period last year[20]. - The company reported a net cash inflow from financing activities of CNY 85,955,991.17, a significant turnaround from a cash outflow of CNY 122,010,772.16 in the previous year[43]. - Operating cash inflow for the first half of 2020 was CNY 858,624,446.21, an increase of 28.4% compared to CNY 668,665,874.21 in the first half of 2019[121]. - Cash inflow from financing activities was CNY 113,000,000.00, up 47.0% from CNY 76,900,000.00 in the same period last year[123]. - The ending cash and cash equivalents balance was CNY 347,810,094.81, down 26.6% from CNY 473,903,819.53 at the end of the first half of 2019[123]. Investments and Acquisitions - The company completed the acquisition of 86.735% of Rongxin Industry Co., enhancing overall profitability and stabilizing the core team[38]. - The company invested in upgrading production equipment, including automatic stamping machines and injection molding machines, to improve production efficiency[39]. - The company expanded its production lines to meet increasing customer demand, including new film sintering and mica tape winding production lines[39]. - The company’s strategic focus on mergers and acquisitions has strengthened its resource integration and expanded profit growth points[32]. Research and Development - The company’s research and development efforts focus on optimizing existing products and developing new ones in response to customer needs and industry trends[28]. - Research and development expenses increased by 12.92% to CNY 36,733,222.23, mainly due to the consolidation of Rongxin Xingye Company[43]. - The company has established provisions for bad debts based on objective evidence of credit impairment for receivables[183]. Risks and Challenges - The company anticipates a significant fluctuation in cumulative net profit compared to the same period last year, indicating potential losses[54]. - Risks include fluctuations in raw material prices such as copper and nylon, which could increase production costs and impact profitability[54]. - The company faces risks related to accounts receivable due to long payment cycles and potential litigation affecting cash recovery[54]. - There is a risk of impairment of goodwill from the acquisition of 86.735% of Rongxin Industry, which may adversely affect operating performance if future earnings are not realized[54]. Corporate Governance and Compliance - The company has not disclosed any major litigation or arbitration matters during the reporting period[72]. - The company has implemented a new revenue recognition standard effective from January 1, 2020, which is not expected to have a significant impact on its financial status or operating results[81]. - The company has established a commitment to maintain operational independence from its controlling shareholder, ensuring no interference in business decisions[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,872[85]. - The largest shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., holds 579,606,870 shares, accounting for 51.66% of the total shares[85]. - The total number of shares held by the top ten shareholders does not include any shares with limited sale conditions[87]. Accounting Policies - The company follows the Chinese Accounting Standards and ensures the financial statements reflect its financial status accurately[157]. - The accounting treatment for business combinations under common control involves measuring the acquired assets and liabilities at their book value on the merger date, with any difference adjusted in capital reserves[160]. - Financial instruments are classified into three categories: amortized cost, fair value through other comprehensive income (debt instruments), and fair value through profit or loss[172].

股票简称：百利电气 股票代码：600468 公告编号：2020-013 | --- | |-----------------------------------------------------------------------------------------------------------------------------------------| | | | 特别提示 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | 重要内容提示： 会议召开时间：2020 年 6 月 10 日（周三）下午 15:00-16:30 会议召开方式：借助"全景•路演天下"平台以网络方式召开 天津百利特精电气股份有限公司（以下简称"公司"）已于 2020 年 4 月 29 日发布了 2019 年年度报告。为便于广大投资者深入全面地 了解公司情况，公司将于 2020 年 6 月 10 日（周三）15:00-16:30 在 全景网举行 2019 年度天津辖区网上集体接待日活动。本次活动将采 用 网 络 远 程 的 方 式 ...

2020 年第一季度报告 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 2020 年第一季度报告 1 | --- | --- | --- | |-------|--------------------------------------------------------------------------|-------| | | 2020 年第一季度报告 | | | | | | | | 目录 | | | 一、 | 重要提示 ............................................................ 3 | | | 二、 | 公司基本情况 ........................................................ 3 | | | 三、 | 重要事项 ............................................................ 5 | | | 四、 | 附录 ................................................. ...

Financial Performance - The company's operating revenue for 2019 was RMB 1,569,254,445.34, representing a 15.64% increase compared to RMB 1,357,038,374.32 in 2018[22]. - The net profit attributable to shareholders of the listed company was RMB 56,311,165.20, up 19.49% from RMB 47,125,456.84 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 40,836,190.79, a significant increase of 75.06% from RMB 23,327,046.48 in 2018[22]. - The net cash flow from operating activities was RMB 147,012,520.82, reflecting a 56.05% increase compared to RMB 94,205,595.31 in 2018[22]. - The total assets at the end of 2019 were RMB 3,294,952,600.22, which is a 20.76% increase from RMB 2,728,541,660.07 at the end of 2018[22]. - The net assets attributable to shareholders of the listed company decreased by 3.85% to RMB 1,683,071,585.70 from RMB 1,750,477,452.36 in 2018[22]. - Basic earnings per share (EPS) increased by 22.86% to CNY 0.0516 in 2019 compared to CNY 0.0420 in 2018[23]. - The weighted average return on equity rose by 0.76 percentage points to 3.36% in 2019 from 2.60% in 2018[23]. - The company achieved a total revenue of 156,925.44 million RMB in 2019, representing a year-on-year growth of 15.64%[42]. - The net profit attributable to shareholders increased by 19.49% to 5,631.12 million RMB, while the net profit excluding non-recurring gains and losses surged by 75.06% to 4,083.62 million RMB[42]. Share Repurchase and Dividends - The company repurchased a total of 22,315,740 shares during the reporting period, with a total payment of RMB 127,102,290.71[6]. - The company does not plan to distribute cash dividends or issue bonus shares for the 2019 fiscal year[6]. - The cash dividend amount for 2019 was RMB 127,102,290.71, representing 100% of the profits available for distribution to ordinary shareholders[108]. - The company did not propose a cash profit distribution plan despite having positive profits available for ordinary shareholders[109]. - The company repurchased a total of 34,159,717 shares, using a total of RMB 191,068,331.04 for the buyback[45]. Acquisitions and Investments - The company plans to acquire an 86.735% stake in Rongxin Industry Company to enhance its product offerings in SVC and SVG technologies[34]. - The company successfully acquired 86.735% of Rongxin Industry, enhancing its product line in reactive power compensation equipment and increasing its R&D capabilities[42]. - The company acquired an 86.735% stake in Liaoning Rongxin Power Technology Co., Ltd. for a total transaction price of 630.8541 million RMB, with the equity transfer price being 495.86 million RMB and the accompanying asset price at 134.9941 million RMB[80]. - The company invested 596.63 million RMB in the pump industry group for production equipment, with a project progress of 54.07%[81]. - The company made significant investments totaling CNY 25,346.95 million during the reporting period, a 1,053.96% increase compared to CNY 2,196.52 million last year[77]. Operational Performance - The company operates 13 subsidiaries, employing a "sales-driven production" model to meet diverse customer needs[34]. - The main business sectors include electrical machinery manufacturing, with key products in power distribution and control equipment[33]. - The company reported a profit margin increase of 23.44%, with total profit amounting to 7,854.12 million RMB[42]. - The company’s gross profit margin for its main business products remained stable despite rising material and labor costs[50]. - The company’s manufacturing sector generated revenue of RMB 1,292,012,333.29, with a gross margin of 23.16%[51]. Research and Development - The company holds 123 new patents, including 39 invention patents, showcasing its commitment to technological innovation[41]. - Research and development expenses increased to CNY 69,151,744.38, a rise of 13.42% compared to CNY 60,967,926.12 in the previous year[66]. - The company is focusing on research and development to improve product technology and enhance competitiveness in the general machinery industry[90]. - The company focused on product innovation, achieving UL certification for its RIT series direct plug-in terminals, enhancing market competitiveness[45]. Risks and Challenges - The company has outlined potential risks in its future development strategy, which investors should be aware of[8]. - The company faces risks from raw material price fluctuations, particularly for copper and nylon, which could impact production costs and profitability[96]. - The company has a significant amount of accounts receivable due to long payment cycles, which increases operational costs and risks[96]. Corporate Governance - The company has committed to avoiding any direct or indirect competition with its controlling shareholder, Baoli Equipment Group, ensuring no business overlap[112]. - The company has established a priority right for Baoli Electric to acquire any new technologies or products developed by its subsidiaries that are related to Baoli Electric's operations[112]. - The company has a long-term commitment to maintain independence from its controlling shareholder, ensuring no interference in operational decisions[112]. - The company maintains a strict insider information management system to prevent insider trading[194]. - The company emphasizes transparent information disclosure, maintaining the quality of communication with shareholders[194]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 2,076, with 42 in the parent company and 2,034 in subsidiaries[185]. - The company has established a comprehensive compensation assessment system, linking performance evaluations to salary and rewards[186]. - The training program focuses on enhancing employee capabilities, covering various areas such as strategic management and quality systems[189]. - The total remuneration for directors and senior management during the reporting period amounted to 4.5531 million RMB[180]. Future Outlook - The company expects national electricity consumption to grow by 4%-5% in 2020, maintaining a stable growth trend[90]. - The company anticipates that the proportion of non-fossil energy power generation capacity will increase to 43.6% by the end of 2020, up 1.7 percentage points from the end of 2019[90]. - The company aims to become a reliable supplier for smart grids by focusing on high-end power equipment and expanding into new materials and renewable energy sectors[91].